Simple and profitable trading style | Page 137 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

NZD/JPY, USD/JPY

Similar Threads

Trading Made Very Simple and Profitable instructions 33 replies

The right thinking of the profitable trading in 3 simple steps. 14 replies

Indonesian Trader style - make trading simple 1 reply

Your consistently profitable trading style 37 replies

Gio's simple profitable trading quest 6 replies

Attachments: Simple and profitable trading style
Exit Attachments

Simple and profitable trading style

  • #2,721
  • May 11, 2018 2:51pm May 11, 2018 2:51pm
Quoting jeffokes
{quote} This first chart tells all the reason that breakout got reversed. The then R labelled A is a minor one usually should treated is really likely to hold but price bound to react there and most likely break it (in this case as can also be in other cases it prove to be relatively but still broke anyway). If I were to take the buy I would treat it as a scalp towards that Monthly Tf very very major R and my tp be below it.Personally I was waiting for that R to be broken before considering buy. However for scalping if I were to buy I would be buying...
It means the statement that the more S/R are retested the stronger they are is correct against your statement that the more retesting the weaker they are.

I was taught by babypips
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,722
  • May 11, 2018 3:12pm May 11, 2018 3:12pm
Am out of EURUSD, GBPUSD and NZDUSD short. The strong Pin Bar on AUDUSD informed me that next week would be bullish on them. I hope to return to bearish trade again
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,723
  • May 15, 2018 10:12am May 15, 2018 10:12am
After locking in some pips by moving sl above my entry, my TP got triggered on CADCHF long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,724
  • May 15, 2018 10:32am May 15, 2018 10:32am
I decided to join the CHFJPY long on the daily middle band/SMA and 4hr upper band and see how it goes. The important point is that there was already an exhaustion during the downtrend.

I don't always have the chance to catch the daily middle band/SMA and 4hr. Using the lower TF allows small SL
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,725
  • May 15, 2018 10:50am May 15, 2018 10:50am
AUDJPY is a pair worth monitoring. I missed the Bullish Engulfing already formed. 4hr not giving any direction for now, though daily already "weakly" above middle band/SMA. I wait for 4hr

It's going to take NZDJPY also. It's currently trapped above support on the weekly. This support had not been broken since April 2017
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,726
  • May 15, 2018 11:09am May 15, 2018 11:09am
Quoting Sesamstrasse
{quote} agreed, GU on list-- But there are a lot more aspirants for this week.. long time no weekly based entry and this week i have EU, NU, GU, NCad and UJ. NCAD is ma favourite. I´ll join it. {image} {image} {image} {image}

Did it and took last week a final TP for this instrument.

The former pricelevel showed a strong buy- so I´m out.


Guido
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADWeekly.png Size: 41 KB
Risiko birgt immer auch die Chance.
  • #2,727
  • May 15, 2018 11:23am May 15, 2018 11:23am
Quoting Sesamstrasse
{quote} Did it and took last week a final TP for this instrument. The former pricelevel showed a strong buy- so I´m out. Guido {image}
I already have AUDCAD short- this is correlated with NZDCAD short
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,728
  • May 15, 2018 11:25am May 15, 2018 11:25am
Waiting for another opportunity for EU, GU short. Am already out. I have to run and wait again
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,729
  • May 16, 2018 7:34am May 16, 2018 7:34am
Quoting 9jatrader
Am out of EURUSD, GBPUSD and NZDUSD short. The strong Pin Bar on AUDUSD informed me that next week would be bullish on them. I hope to return to bearish trade again
I have found entry on only EURUSD after the strong confirmation candle following the Gravestone Doji below SMA

Quoting 9jatrader
Waiting for another opportunity for EU, GU short. Am already out. I have to run and wait again
Am back on only one, EU
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdxx.png Size: 45 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,730
  • May 16, 2018 8:00am May 16, 2018 8:00am
I decided to check what the weekly is doing. What did I find? The weekly closing below the lower band first time since November 2016. Catch the move
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdwww.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,731
  • May 16, 2018 4:21pm May 16, 2018 4:21pm
Quoting 9jatrader
AUDJPY is a pair worth monitoring. I missed the Bullish Engulfing already formed. 4hr not giving any direction for now, though daily already "weakly" above middle band/SMA. I wait for 4hr It's going to take NZDJPY also. It's currently trapped above support on the weekly. This support had not been broken since April 2017
AUDJPY has given go ahead on the daily middle band and 4hr

Waiting for NZDJPY long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,732
  • May 16, 2018 5:40pm May 16, 2018 5:40pm
Quoting 9jatrader
We might see reversal on EURAUD. Confirmation of bearish engulfing on the daily and formation of Gravestone Doji on the weekly It was formed below strong resistance. I decided to join the bears now.
Second chance, this time based on weekly middle band and daily lower band. Already down 315 pips for now
Attached Image (click to enlarge)
Click to Enlarge Name: euraudc.png Size: 40 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,733
  • May 16, 2018 5:44pm May 16, 2018 5:44pm
Hope to catch AUDCHF resistance, 0.75374 breakout. Consolidation already formed above both the middle band and SMA
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,734
  • May 16, 2018 5:54pm May 16, 2018 5:54pm
Good night
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,735
  • May 16, 2018 5:55pm May 16, 2018 5:55pm
When did you enter the EA Weekly Band/Lower Daily band trade? Yes, the daily bar has moved 319 pips of this writing, but the weekly band started on Sun/Mon and the daily band wouldn't have shown up until end of today. So, from my vantage point, I only see a potential move, not a profit of 319 pips...yet!
  • #2,736
  • May 17, 2018 3:55am May 17, 2018 3:55am
Quoting lctrader11
When did you enter the EA Weekly Band/Lower Daily band trade? Yes, the daily bar has moved 319 pips of this writing, but the weekly band started on Sun/Mon and the daily band wouldn't have shown up until end of today. So, from my vantage point, I only see a potential move, not a profit of 319 pips...yet!
I entered on the 29th March when the bearish engulfing was being being confirmed by confirmation candle and I was chanced to catch the move. I should have entered a day earlier after the strong bearish engulfing
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,737
  • May 17, 2018 4:00am May 17, 2018 4:00am
Am loosing in GBPJPY short on weekly middle band and daily lower band. If the 4hr closes well, I might join the bulls this time as USDJPY and GBPJPY move the same direction
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,738
  • May 17, 2018 4:07am May 17, 2018 4:07am
Why I was typing the last post 4hr just closed and GBPJPY 4hr upper band and daily middle band/SMA are good and have to join the bull. Just lost 162 pips- now chasing 575 pips up there
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,739
  • May 17, 2018 4:41am May 17, 2018 4:41am
GBPCHF daily middle band/SMA not going down- trapped in ranging. I decided to move sl to breakeven and get out. This system is for tending move
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #2,740
  • May 17, 2018 3:34pm May 17, 2018 3:34pm
Quoting 9jatrader
USDCHF arrived at the decision moment. For three days it had been trapped below 1.00386 resistance .There is higher probability of the resistance breakout if we are to look at the negative correlated pair, EURUSD
Will USDCHF form double tops on the weekly or breakout?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
20 traders viewing now