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Simple and profitable trading style

  • #2,681
  • May 4, 2018 5:06am May 4, 2018 5:06am
Quoting TamRoofer
{quote} I had never notice that, thanks, I will. Now, please explain why you said that you missed GBPJPY short? Why do you sometimes wait for the close and sometimes not? Just realized I missed GBPJPY short - regrettable. I thought I entered it
The white mark, when candle closed below the daily middle band. I should gone to 4hr lower band. I got into GBPCHF, but failed to enter GBPJPY

You use the longer Timeframe for middle band and lower Timeframe for lower/upper band
That's weekly middle band and daily upper/lower band or daily middle band and 4hr upper/lower band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,682
  • May 4, 2018 5:11am May 4, 2018 5:11am
Quoting TamRoofer
{quote} Just saw your last post, makes it clearer Thanks for your time
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,683
  • May 4, 2018 5:15am May 4, 2018 5:15am
Quoting TamRoofer
{quote} Wow, looking at my past trades with this strategy, if I had understood that before I would have been so much more profitable. All my entries that seem late to me would have been taken 2-3-4 days before wich would have results in many many more pips. This should be a game changer now, thanks again for your explanation
You're correct when we wait for the weekly to close as long the daily was bold enough to close above upper band or lower band.
Be careful also as you have to keep your risk low. I take losses even with this strategy. Minimize your risk and maximize you winning positions
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,684
  • May 4, 2018 9:03am May 4, 2018 9:03am
NFP now gone, the tone is getting set against next week. One very great thing about this strategy as I noticed is that even with such high impact Eco News item as NFP I don't have much worry because my SLs are further enough. As a result of that I was able to comfortably wait out NFP session and even a number of my positions were pushed further in favorable directions! Thanks so much 9jartrader!!!

Now I am eye-balling CADJPY against next week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYWeekly.png Size: 46 KB
Click to Enlarge Name: CADJPYDaily.png Size: 40 KB
  • #2,685
  • May 4, 2018 10:42am May 4, 2018 10:42am
Quoting jeffokes
NFP now gone, the tone is getting set against next week. One very great thing about this strategy as I noticed is that even with such high impact Eco News item as NFP I don't have much worry because my SLs are further enough. As a result of that I was able to comfortably wait out NFP session and even a number of my positions were pushed further in favorable directions! Thanks so much 9jartrader!!! Now I am eye-balling CADJPY against next week. {image} {image}
Thanks also. Your trading has really improved. Keep it up. I wanted to share analyses on the CADJPY at the beginning of the week when there was weak consolidation above the daily middle band and SMA. I felt that it was not time to join as the weekly middle band caused hindrance/barrier. The bullish was able to close above the SMA but not above the middle band yet. We eye the same thing
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.png Size: 44 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,686
  • May 4, 2018 11:24am May 4, 2018 11:24am
Quoting 9jatrader
{quote} Thanks also. Your trading has really improved. Keep it up. I wanted to share analyses on the CADJPY at the beginning of the week when there was weak consolidation above the daily middle band and SMA. I felt that it was not time to join as the weekly middle band caused hindrance/barrier. The bullish was able to close above the SMA but not above the middle band yet. We eye the same thing {image}
Thanks so much for your encouragement and guide.
  • #2,687
  • May 5, 2018 7:24am May 5, 2018 7:24am
EURGBP strong Hammer. The great thing is that it was able to close strongly with bullish body and close above both the SMA and middle band
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 51 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,688
  • May 6, 2018 8:44am May 6, 2018 8:44am
Can there be a better beauty than this ?!...I wish you all Daily Tf traders plenty pips here.
As an intraday trader I apply the same strategy here to Daily tf and use that to trade H4 tf , and since I am already in a position with GBPAUD I overlooked this earlier. Cheers !!!
Attached Images
  • #2,689
  • May 6, 2018 11:20am May 6, 2018 11:20am
Quoting jeffokes
Can there be a better beauty than this ?!...I wish you all Daily Tf traders plenty pips here. As an intraday trader I apply the same strategy here to Daily tf and use that to trade H4 tf , and since I am already in a position with GBPAUD I overlooked this earlier. Cheers !!! {image} {image}
You don't trade with stop loss or what? Just curious.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,690
  • May 6, 2018 11:30am May 6, 2018 11:30am
Quoting 9jatrader
{quote} You don't trade with stop loss or what? Just curious.
Oh boss. I am not in that trade, that is a minor Daily Tf SR on my chat. I guess that's what you are referring to. I do trade with SL using 3% my account per time. Thanks for noticing
  • #2,691
  • May 6, 2018 11:33am May 6, 2018 11:33am
Quoting jeffokes
{quote} Oh boss. I am not in that trade, that is a minor Daily Tf SR on my chat. I guess that's what you are referring to. I do trade with SL using 3% my account per time. Thanks for noticing
Ok. Sl very necessary in case of "Black Swan" and also no setup can be trusted
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,692
  • May 6, 2018 11:43am May 6, 2018 11:43am
Quoting 9jatrader
For the purpose of the new readers and friends I hope to review and post some of the comments I have shared before now, strategies and new charts when I have the chance, possibly weekend This is because the new friends/readers may not be able to read all the posts I have shared since the beginning of this thread. Sometimes the questions that I have dealt with are asked again and again- no offense please
I have not forgotten, even if not done this weekend
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,693
  • May 6, 2018 11:47am May 6, 2018 11:47am
Quoting 9jatrader
As you may have already known there is no perfect entry or exit. I still continue to refine my strategies. I have added SMA with bollinger bands and have been working well, though not without losses
Still crosschecking and back checking where I have exited too early, using the combination of SMA and middle band.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,694
  • Edited 1:37pm May 6, 2018 1:17pm | Edited 1:37pm
Quoting 9jatrader
For the purpose of the new readers and friends I hope to review and post some of the comments I have shared before now, strategies and new charts when I have the chance, possibly weekend This is because the new friends/readers may not be able to read all the posts I have shared since the beginning of this thread. Sometimes the questions that I have dealt with are asked again and again- no offense please
As I promised, I have decided to review and share some of the comments about the strategies here for the purpose of new friends/readers who may not be able to go through all the posts since I stated the thread.
The strategy here we have been using here is using weekly Bollinger middle band and daily upper band to get into long position, using the Weekly middle band and and daily lower band to get into short positions. Our main indicator is the Bollinger Bands Also for the purpose of reducing the risk by using small stop loss, I have shared also that we can use the daily Middle band and 4hr upper band for long positions and daily middle band and 4hr lower band for short positions.



The main purpose of my backtest and backcheck is how I can catch strong trend at the begging of the movement, even with micro account. Catching trend with micro account, you would be able to magnify your trading account.

It has been working well, not without losses. I take losses and move on, because I do not magnify my risk by taking many positions in one platform. I hardly take two positions, even in a pair

At the later part of this thread I said I have other strategies that I wish to incorporate into this thread. This was to avoid having multiple threads, though I have another strategy- based thread " Method of Using Stochastic Profitably" What are the strategies?

For long Positions: Bullish Engulfing above strong support; Pin Bar above strong support or supported by lower band breakout; Hammer above strong support, specially the was able to close with bullish body or Hammer supported by lower band breakout. All these have high probability of working when your'e not using it ti fight strong bearish trend.
No one can fight strong trend. They are used on ranging/sideways market- that possibly starts up the trend
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,695
  • May 6, 2018 1:43pm May 6, 2018 1:43pm
For short Positions: Bearish Engulfing below strong resistance; Shooting Star,specially with bearish body below strong resistance or supported by upper band breakout; Gravestone Doji below strong resistance or supported by upper band breakout.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,696
  • May 6, 2018 1:45pm May 6, 2018 1:45pm
I later added SMA to my trading and had been working, not without taking losses
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,697
  • May 6, 2018 1:53pm May 6, 2018 1:53pm
At the beginning of my adding SMA I said i would be backtesting/backchecking the interaction between the Middle band and SMA.
I have shared many charts, but wish to share one chart how we can use the interaction either to join the movement or exit.
I have AUDCHF chart

In this pair I felt I exited too early,without waiting to see if it would close below the middle band. It only closed below the SMA, not middle band. Then there was bullish consolidation above both the SMA and middle band and so have to join again.
Attached Image (click to enlarge)
Click to Enlarge Name: audchfb.png Size: 34 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,698
  • Edited 11:21pm May 6, 2018 11:09pm | Edited 11:21pm
Quoting 9jatrader
{quote} ....Also for the purpose of reducing the risk by using small stop loss, I have shared also that we can use the daily Middle band and 4hr upper band for long positions and daily middle band and 4hr lower band for short positions......
This suits me better and is the one I have adopted after trying it out for a while and by paper trading. So far trading it live has been great. Thanks one more 9trader.
  • #2,699
  • May 7, 2018 12:16am May 7, 2018 12:16am
Quoting jeffokes
{quote} This suits me better and is the one I have adopted after trying it out for a while and by paper trading. So far trading it live has been great. Thanks one more 9trader.
I also work more on daily middle band and 4hr upper/lower band specially when building the account from the beginning. I take the weekly middle band and daily when I have taken the account from"struggling" level
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #2,700
  • May 7, 2018 11:53am May 7, 2018 11:53am
So scared of USDCAD undecided mood. I just have to get. It's not ready to go for now- trapped below strong resistance for two weeks. I would join the bulls if there is a breakout
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadf.png Size: 55 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
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