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Simple and profitable trading style

  • #2,801
  • Edited 1:04pm May 30, 2018 12:34pm | Edited 1:04pm
FRESH MARKET ANALYSES: This day CAD decided to keep their interest rate. Market did not ignore the news/fundamentals.
Here are some of the CAD pairs and others fresh setup.

CADCHF, long: Strong Bullish Engulfing on an existing uptrend. This is supported by strong Bollinger Bnads breakout.

AUDJPY, long: Strong Bullish Engulfing on the existing support

NZDUSD, long: Daily middle band and 4hr upper band. I have been on the correlated pair, AUDUSD long- am not adding to AUDUSD

CADJPY, long: Strong Bullish Engulfing, supported by bollinger lower band breakout
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,802
  • Edited 5:49am May 31, 2018 4:23am | Edited 5:49am
USDCHF continues the formation/confirmation of "Double Tops" on the weekly. It means the EURUSD breakout was a "Fakeout" out if the USDCHF continues downward. Strong Pin Bar is being formed on the broken support on the weekly on EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: usdchft.png Size: 51 KB
Make all mistakes in demo and rain in pips in live account
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  • #2,803
  • May 31, 2018 5:49am May 31, 2018 5:49am
Just edited the last post
Make all mistakes in demo and rain in pips in live account
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  • #2,804
  • May 31, 2018 8:48pm May 31, 2018 8:48pm
I keep wondering if correlation loosing connection. GBPCHF had been crashing. whereas EURGBP almost remain dumb and deaf

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}
It's down and still going deep, 509 pips deep for now
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchftt.png Size: 53 KB
Make all mistakes in demo and rain in pips in live account
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  • #2,805
  • May 31, 2018 9:05pm May 31, 2018 9:05pm
The strategy was that the weekly made strong signal, I jumped into the train using the daily middle band and 4hr upper band. I decided to join on the daily and 4hr because of smaller sl size
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,806
  • May 31, 2018 9:21pm May 31, 2018 9:21pm
Sometime ago I said I was bactesting/backchecking the interaction between SMA and middle band. So far so good. I have shared many charts about it. If we were to look at the the last chart I shared we could see the interaction again.
After the daily middle band and 4hr entry strategy, the pair had made two possible entry points, welcoming others who are not already in. Right RED MARK : there was strong bearish engulfing pattern; also before the red mark there was also engulfing right below the SMA
Trade safe
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,807
  • Edited 10:03pm May 31, 2018 9:51pm | Edited 10:03pm
Quoting 9jatrader
Sometime ago I said I was bactesting/backchecking the interaction between SMA and middle band. So far so good. I have shared many charts about it. If we were to look at the the last chart I shared we could see the interaction again. After the daily middle band and 4hr entry strategy, the pair had made two possible entry points, welcoming others who are not already in. Right RED MARK : there was strong bearish engulfing pattern; also before the red mark there was also engulfing right below the SMA Trade safe
Hello
Just for inspiration I would like to point to this thread.
Your and that system can maybe work together.
All the best.
Oddbjørg
https://www.forexfactory.com/showthread.php?t=600112
All the best to all of you. But don't follow me. I am a learner.
  • #2,808
  • Jun 1, 2018 5:26am Jun 1, 2018 5:26am
Quoting Oddbjorg
{quote} Hello Just for inspiration I would like to point to this thread. Your and that system can maybe work together. All the best. Oddbjørg https://www.forexfactory.com/showthread.php?t=600112

Ok, thanks
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,809
  • Jun 2, 2018 12:48pm Jun 2, 2018 12:48pm
Quoting 9jatrader
Two of my consolations on the bloody week {image} {image}
EURAUD shows its readiness to go deep again- strong Shooting Star right below SMA. Catch the move
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,810
  • Jun 2, 2018 1:13pm Jun 2, 2018 1:13pm
Quoting 9jatrader
{quote} Am out of both EURAUD and EURNZD short. Still watching
I closed positions here; joining again. Waiting for EURNZD continuation signal
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,811
  • Jun 2, 2018 1:45pm Jun 2, 2018 1:45pm
i can see there is some changes in this trade strategy,though the last time i was in this thread was when it first started,i can see there is change and i will like to know what has change, i can see you have now added moving average,all i need to know is just an update with the strategy,i don't mind if you just send help me with the page link where the strategy might have change from the initiate one that you started with.
  • #2,812
  • Jun 2, 2018 2:02pm Jun 2, 2018 2:02pm
Quoting dkarev
i can see there is some changes in this trade strategy,though the last time i was in this thread was when it first started,i can see there is change and i will like to know what has change, i can see you have now added moving average,all i need to know is just an update with the strategy,i don't mind if you just send help me with the page link where the strategy might have change from the initiate one that you started with.
A lot has changed. I would try and find the page.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,813
  • Jun 2, 2018 2:37pm Jun 2, 2018 2:37pm
Quoting dkarev
i can see there is some changes in this trade strategy,though the last time i was in this thread was when it first started,i can see there is change and i will like to know what has change, i can see you have now added moving average,all i need to know is just an update with the strategy,i don't mind if you just send help me with the page link where the strategy might have change from the initiate one that you started with.
Just found where I started introducing SMA. The settings: Period: 14; shift :0

Quoting 9jatrader
The interaction of Bollinger Middle band and the SMA adds to more confirmation. I will not start another thread, but hope to share all the backtests here also- where I could have got in early. Still checking the positions I mised
Here

Quoting 9jatrader
{quote} I wish to share two charts, EURUSD and AUDUSD. Am only long on EURUSD For EURUSD it was able to close above both the middle band and SMA. We could see the movement now. Opposite is the case with AUDUSD. The bullish candle was able to close above only the SMA. Am more confident when it closed above the two, for long or below the two for short positions {image} {image}
Here

Quoting 9jatrader
Regrettable good entry point i missed even after closing my short position- the red right red mark. Before the bearish engulfing the bullish made strong attempt but could not close above the middle band except the SMA. {image}
Here
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,814
  • Jun 2, 2018 2:46pm Jun 2, 2018 2:46pm
Maybe from the charts and where I started from we can ask questions, specially if you have been away from the thread for sometime now
Make all mistakes in demo and rain in pips in live account
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  • #2,815
  • Jun 2, 2018 2:49pm Jun 2, 2018 2:49pm
For the purpose of the new friends and those who have been away let me share the EURAUD
Attached Image (click to enlarge)
Click to Enlarge Name: euraudtt.png Size: 43 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,816
  • Jun 2, 2018 2:51pm Jun 2, 2018 2:51pm
From where I started you can do some home work and see some of the comments on SMA related posts.

Happy weekend
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,817
  • Jun 3, 2018 12:59am Jun 3, 2018 12:59am
i want to thank you for the quick response on my question but please i like to know what the entry rule is now and the exit rules as well,so that i can have a better understand on what to be looking for going forward on this thread.
  • #2,818
  • Jun 3, 2018 3:22am Jun 3, 2018 3:22am
Quoting dkarev
i want to thank you for the quick response on my question but please i like to know what the entry rule is now and the exit rules as well,so that i can have a better understand on what to be looking for going forward on this thread.
Like any strategy, there is pure exit point. Sometimes we exit and only watch market moving in the direction again.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,819
  • Jun 3, 2018 3:53am Jun 3, 2018 3:53am
Quoting 9jatrader
{quote} I closed positions here; joining again. Waiting for EURNZD continuation signal
Just found that EURNZD had already formed strong Bearish Engulfing below upper band on 4hr. Hope to jump in on 4hr again and see how it goes.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
  • #2,820
  • Jun 3, 2018 3:58am Jun 3, 2018 3:58am
Also the weekly had closed below the lower band after a long time on EURNZD
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.8%
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