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Simple and profitable trading style

  • #2,781
  • May 26, 2018 4:29am May 26, 2018 4:29am
For micro account I do not think I will ever try take weekly setup. I would wait for the daily and 4hr entry. When SL is triggered on weekly setup it can be devastating and may create lack of confidence before taking any positions
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,782
  • Edited 4:39pm May 26, 2018 4:03pm | Edited 4:39pm
Quoting 9jatrader
So scared of USDCAD undecided mood. I just have to get out. 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 {image}
The resistance is not only broken but was able to close above the upper band. How far will this go?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,783
  • May 26, 2018 4:07pm May 26, 2018 4:07pm
Quoting 9jatrader
USDCAD is a great point for both the bulls and the bears- below resistance and above SMA. I wish I don't miss it in any direction
I jumped in and I hope the train takes me to great destination
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,784
  • May 26, 2018 5:02pm May 26, 2018 5:02pm
Quoting 9jatrader
After locking in some pips by moving sl above my entry, my TP got triggered on CADCHF long
This has formed Double Tops on the weekly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,785
  • May 26, 2018 5:06pm May 26, 2018 5:06pm
If the correlated pair EURCAD above both the middle band and SMA I hope to close the short position
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,786
  • May 26, 2018 5:20pm May 26, 2018 5:20pm
Quoting 9jatrader
EURJPY weekly middle band and daily lower band on the move. No one knows how the day's candle would finally close. Trade safe
331 pips so far-not exiting yet
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,787
  • May 26, 2018 5:25pm May 26, 2018 5:25pm
Quoting 9jatrader
Strong Shooting Star on EURNZD weekly, though I have been in it and don't wish to add more position. {image}
298 pips for now- the weekly had crossed the middle band and SMA; still holding on and see where it goes next
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,788
  • May 27, 2018 7:51am May 27, 2018 7:51am
Quoting 9jatrader
EURJPY weekly middle band and daily lower band on the move. No one knows how the day's candle would finally close. Trade safe
Another setup, this time on the weekly chart. The last candle closed strongly with Bearish Engulfing right below SMA. That gives me more information to hold on and continue to ride down
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,789
  • May 27, 2018 7:54am May 27, 2018 7:54am
If CHFJPY breaks below the SMA and middle band on the daily I would be out of the long position as this is correlated with EURJPY
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,790
  • May 27, 2018 8:34am May 27, 2018 8:34am
I have been away from Fibonacci for sometime. I hope to return after spending considerable time with the backtest/backcheck Stay tuned
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,791
  • May 27, 2018 11:06am May 27, 2018 11:06am
Quoting 9jatrader
I have been away from Fibonacci for sometime. I hope to return after spending considerable time with the backtest/backcheck Stay tuned
What I continue to see is that price hardly gets to Fibo 100% and that markets consolidate between 61.8% and 100%. I have observed that I exited too early, if I were to use Fibonacci
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,792
  • May 27, 2018 11:56am May 27, 2018 11:56am
USDCAD had been so unfriendly to me. I have lost in both long and short positions. Though am already long again, the weekly was able to close with strong Hammer right above the SMA/Middle band.

The great thing about the Hammer is that it was able to close with Bullish body which increases the strong bullish bias
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,793
  • May 29, 2018 6:38am May 29, 2018 6:38am
Just lost my CHFJPY long; not surprised. The correlated pair EURJPY short reaps me enough.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,794
  • May 29, 2018 4:01pm May 29, 2018 4:01pm
Quoting 9jatrader
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 {image}
513 pips down for now
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,795
  • May 29, 2018 4:03pm May 29, 2018 4:03pm
Quoting 9jatrader
{quote} I do not see any game changer for now on EURAUD short trade setup that had been made- strong Bearish engulfing {image}
616 pips down, unterupted
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,796
  • May 29, 2018 4:08pm May 29, 2018 4:08pm
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...
EURUSD, 670 pips down. Another setup, 1.16495 consolidation support breakout on the weekly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,797
  • May 30, 2018 12:46am May 30, 2018 12:46am
Quoting 9jatrader
{quote} 616 pips down, unterupted
Am out of both EURAUD and EURNZD short. Still watching
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,798
  • May 30, 2018 9:22am May 30, 2018 9:22am
Quoting 9jatrader
{quote} Am out of both EURAUD and EURNZD short. Still watching
EURNZD breaking 1.67002 I was scared of. Hope to jump in again if it closes well. The great is that Bollinger Upper and lower bands are very far apart, showing the strength of the bears now.

Though we still have less than three days to the end of weekly close, it's closing below the lower band first time since December 2016
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,799
  • May 30, 2018 9:46am May 30, 2018 9:46am
Bad and good day for CAD pairs. Bad for my USDCAD long, but great for my EURCAD short- making another welcome setup right below SMA
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #2,800
  • May 30, 2018 11:05am May 30, 2018 11:05am
Quoting 9jatrader
{quote} EURUSD, 670 pips down. Another setup, 1.16495 consolidation support breakout on the weekly
Could the the support breakout be "Fakeout"?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
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