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Simple and profitable trading style

  • #2,601
  • Apr 19, 2018 3:32am Apr 19, 2018 3:32am
Quoting 9jatrader
{quote} I have always said their is need to follow up with strong setup that was formed at the wrong place and time. That was the strong Pin Bar formed by EURGBP. We could see how strong setup at the wrong place behave. I decided to look for bearish setup as the Pin Bar has high probability to fail And so using both SMA and Middle band to get entry is important here. SMA backtest has been wonderful, though with loss also {image}
Planning EURGBP exit
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,602
  • Apr 19, 2018 3:37am Apr 19, 2018 3:37am
In Forex we win some and lose some. It's part of the game. If EG closes well above both the SMA and middle band I will be out and never to return soon, except there is game changer. I hate ranging pairs- EG returning to ranging
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,603
  • Apr 19, 2018 6:58am Apr 19, 2018 6:58am
I hope to analyze EURGBP later. Catch it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,604
  • Apr 19, 2018 10:44am Apr 19, 2018 10:44am
In any work; we can't expect success without being more focused obviously. But in the forex market we should give focus on appropriate trading strategies along with our goals since without crafting and adopting appropriate trading action plans we can lose our path in this global platform. From my own perspective to keep my trading simple as possible I prefer short term investment horizon and scalping. I favor to spend fruitful 1/ 2 hours and trade with major pairs.
  • #2,605
  • Apr 20, 2018 1:57pm Apr 20, 2018 1:57pm
Getting out of all USD bears
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,606
  • Apr 20, 2018 2:09pm Apr 20, 2018 2:09pm
Quoting 9jatrader
I hope to analyze EURGBP later. Catch it
The bulls are are in control for now.

Possibly the strong Pin Bar formed at the wrong time ago may take its course now on EURGBP. Am already long, daily middle band/SMA and 4hr upper band.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,607
  • Apr 20, 2018 2:43pm Apr 20, 2018 2:43pm
If we go to longer TF, weekly the weekly Bullish Engulfing is just too strong. Strong in the sense that it was supported by strong lower band breakout. And also market was not trending down strong. Today is Friday. No fear that the weekly may end in different candle form
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpq.png Size: 44 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,608
  • Apr 21, 2018 11:19am Apr 21, 2018 11:19am
GBPJPY daily middle band/SMA and 4hr lower band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,609
  • Apr 21, 2018 11:24am Apr 21, 2018 11:24am
Just wondering when EURUSD will make setup on the daily. GBPUSD already bearish as the EU would follow same direction
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,610
  • Apr 21, 2018 11:44am Apr 21, 2018 11:44am
This Shooting Star is great enough to send GBPCHF down

Daily middle band and SMA could pose a threat to the bearish movement. I hope to join, using the daily Middle band/SMA and 4hr. Then I would be more comfortable
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf1.png Size: 28 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,611
  • Apr 21, 2018 12:15pm Apr 21, 2018 12:15pm
Quoting 9jatrader
{quote} Ok. EURAUD would inform us as they are correlated. Am short on EURAUD ans long AUDCHF. That's where correlation helps to trap movement
I do not see any game changer for now on EURAUD short trade setup that had been made- strong Bearish engulfing
Attached Image (click to enlarge)
Click to Enlarge Name: euraud3.png Size: 29 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,612
  • Apr 23, 2018 9:18am Apr 23, 2018 9:18am
USDJPY bulls not giving up. Am out with loss. The daily is doing greatly above the upper band-closing above upper band first time since October 2017.
I lost the last weekly support breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpye.png Size: 30 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,613
  • Apr 23, 2018 9:23am Apr 23, 2018 9:23am
Congrats UJ bulls. More Green pips to you. You rule. Am joining you tonight if the candle closes well like this
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,614
  • Apr 23, 2018 2:56pm Apr 23, 2018 2:56pm
Market analyses for the beginning of the trading week:
EURUSD: The pair had, for so long been ranging since February, 2018. Is it time now EU to crash?? I believe so. I hope to join the bears now. The strategy now is based on Trading "Bollinger Bands Squeeze". I have never shared BBSqueeze analyses here.
NZDUSD: Same as EURUSD short. Am still keeping the AUDUSD correlated pair short, AUDUSD- using the weekly middle band and daily lower band

USDJPY: I have mentioned this in the previous post.

EURJPY: Showing bullish consolidation/continuation above the SMA. I have, in the past mentioned how to follow up trend with SMA. I will have the chart of only EURJPY for now

CHFJPY: This pair had been choppy, with no direction, forming setups. It has formed another Bullish Engulfing again. Ready to fly now?? Am closing my short with second straight losses, bullish and bearish. I will try the setup again and it's correlated with EURJPY long
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 28 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,615
  • Apr 23, 2018 4:43pm Apr 23, 2018 4:43pm
Quoting 9jatrader
Market analyses for the beginning of the trading week: EURUSD: The pair had, for so long been ranging since February, 2018. Is it time now EU to crash?? I believe so. I hope to join the bears now. The strategy now is based on Trading "Bollinger Bands Squeeze". I have never shared BBSqueeze analyses here. NZDUSD: Same as EURUSD short. Am still keeping the AUDUSD correlated pair short, AUDUSD- using the weekly middle band and daily lower band USDJPY: I have mentioned this in the previous post. EURJPY: Showing bullish consolidation/continuation above...
Just discovered that EURUSD mets the weekly middle band and daily lower band strategy. It means we have two strategies for EURUSD. Why will it not work
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,616
  • Apr 23, 2018 4:53pm Apr 23, 2018 4:53pm
The main reason why the EURUSD had been reluctant to close below the lower band,daily was the interception/interruption by the weekly middle band, even though it had closed below the SMA. We could also see that there was already "Tweezer Tops" for two last weeks.
Trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdz.png Size: 35 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,617
  • Apr 23, 2018 5:04pm Apr 23, 2018 5:04pm
For Gold traders, it's going to make same setup as the EURUSD, both weekly and daily. Check them yourself
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,618
  • Apr 24, 2018 5:30am Apr 24, 2018 5:30am
GBPJPY gradually making bullish setup, following strong retracement. I closed my long and hope to get in again. This is based on the interaction between the SMA and Bollinger Middle Band.

If it does make great and convincing one, I would come with the chart.
Trade safe
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #2,619
  • Apr 24, 2018 10:51am Apr 24, 2018 10:51am
Quoting 9jatrader
The main reason why the EURUSD had been reluctant to close below the lower band,daily was the interception/interruption by the weekly middle band, even though it had closed below the SMA. We could also see that there was already "Tweezer Tops" for two last weeks. Trade safe {image}
Should u not wait for the close of weekly candle below the middle band?
Ahmad Hassan
  • #2,620
  • Apr 24, 2018 3:25pm Apr 24, 2018 3:25pm
Quoting AhmadHassan6
{quote} Should u not wait for the close of weekly candle below the middle band?
the think no because it worked for me without this adjustment
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