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Simple and profitable trading style

  • #2,861
  • Jun 20, 2018 3:14pm Jun 20, 2018 3:14pm
NZDCHF short- weekly middle band and daily lower band. The great things about the movement is the the fact that the negative corrected pair, EURNZD already moving up. and also was able to close with long upper shadow
Make all mistakes in demo and rain in pips in live account
  • #2,862
  • Jun 20, 2018 6:11pm Jun 20, 2018 6:11pm
Top Shelf..BRILLIANT thred,,,,THKs
  • #2,863
  • Jun 20, 2018 10:27pm Jun 20, 2018 10:27pm
Quoting danc
Top Shelf..BRILLIANT thred,,,,THKs
You're welcome friend
Make all mistakes in demo and rain in pips in live account
  • #2,864
  • Jun 21, 2018 12:27am Jun 21, 2018 12:27am
Quoting 9jatrader
It's much easier to rob Central Bank than to open live account with Tradeview
Reading through the old emails I have been sent by tradeview only to find that it's an American-owned broker, though based in Cayman. The trouble is over now
Make all mistakes in demo and rain in pips in live account
  • #2,865
  • Jun 21, 2018 12:40am Jun 21, 2018 12:40am
While many fear so much about high leverage we fail to acknowledge the great thing about high leverage. Though it's a double edged sword, it helps so much during drawdown and still allows us to take positions, whereas the super low leverage would not allow us to take positions- would show "No enough Money" when we want to take position.

This is something I have observed as I used different platforms and leverage of the different account size
Make all mistakes in demo and rain in pips in live account
  • #2,866
  • Jun 21, 2018 12:44am Jun 21, 2018 12:44am
Just found a trader here at FF with $20 live account with leverage of 1:100; the account is already $138
Make all mistakes in demo and rain in pips in live account
  • #2,867
  • Jun 21, 2018 11:01am Jun 21, 2018 11:01am
Hello,
Good thread you have here, EURJPY is set for a down movement on the 4hr AND EURUSD was ripe during london session today but reversed. Ihope i am in order.
Thanks
  • #2,868
  • Jun 21, 2018 1:58pm Jun 21, 2018 1:58pm
Quoting surepips100
Hello, Good thread you have here, EURJPY is set for a down movement on the 4hr AND EURUSD was ripe during london session today but reversed. Ihope i am in order. Thanks
You're welcome to the thread. I remain bullish on EURUSD- another setup is being made again above 1.15256 daily consolidation support. My EURJPY long SL was triggered- it was based on daily middle band and 4hr upper band. I got in late, otherwise I should have used the strong Bullish Engulfing formed earlier. For now no clear direction for EURJPY
Make all mistakes in demo and rain in pips in live account
  • #2,869
  • Jun 21, 2018 6:27pm Jun 21, 2018 6:27pm
Quoting 9jatrader
While many fear so much about high leverage we fail to acknowledge the great thing about high leverage. Though it's a double edged sword, it helps so much during drawdown and still allows us to take positions, whereas the super low leverage would not allow us to take positions- would show "No enough Money" when we want to take position. This is something I have observed as I used different platforms and leverage of the different account size
High leverage is a very relative term. The most important thing is to not put yourself in a position where you can have a severe equity retracement. I think drawdowns of around 20% is acceptable for an aggressive trader, beyond that really not healthy both to account growth and to the trader.
When you see it, BET big.
  • #2,870
  • Jun 22, 2018 1:50am Jun 22, 2018 1:50am
Quoting Rennaissance
{quote} High leverage is a very relative term. The most important thing is to not put yourself in a position where you can have a severe equity retracement. I think drawdowns of around 20% is acceptable for an aggressive trader, beyond that really not healthy both to account growth and to the trader.
Thanks for your input
Make all mistakes in demo and rain in pips in live account
  • #2,871
  • Jun 22, 2018 1:31pm Jun 22, 2018 1:31pm
Quoting 9jatrader
{quote} Another resistance breakout on USDCAD this time 1.30869
Am out of USDCAD long. The strong Shooting star on it is scary.
Make all mistakes in demo and rain in pips in live account
  • #2,872
  • Jun 22, 2018 1:34pm Jun 22, 2018 1:34pm
The same candlestick ( Shooting Star ) is also formed on GBPCAD. Why GBP and USD move on the same direction remains a mystery to me
Make all mistakes in demo and rain in pips in live account
  • #2,873
  • Edited 2:30am Jun 23, 2018 2:02am | Edited 2:30am
Quoting 9jatrader
{quote} Am out of USDCAD long. The strong Shooting star on it is scary.
Here is the chart on USDCAD. Thought the bulls would not give up so easily it's great enough to send the pair down.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadooo.png Size: 44 KB
Make all mistakes in demo and rain in pips in live account
  • #2,874
  • Jun 23, 2018 2:33am Jun 23, 2018 2:33am
I was having difficulty trying to upload. The problem was due to overload of charts I saved. I have to delete many to give room to recent USDCAD chart I want to send.
Make all mistakes in demo and rain in pips in live account
  • #2,875
  • Jun 23, 2018 2:47am Jun 23, 2018 2:47am
I have always said here again and again and I wish to repeat again that when my analyses is against your bias don't be angry with me. Am not in charge of the market, just analyze. I take losses and move to the next opportunity. I adjust positions when I wish even after a day of few days after I get in. Is part of the game. Cheer up brothers.
Make all mistakes in demo and rain in pips in live account
  • #2,876
  • Jun 23, 2018 3:10am Jun 23, 2018 3:10am
GBPCAD formed similar setup as USDCAD. The difference is that GBPCAD formed it below Fibonacci level 50.0%
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadff.png Size: 43 KB
Make all mistakes in demo and rain in pips in live account
  • #2,877
  • Jun 23, 2018 3:12am Jun 23, 2018 3:12am
Trade safe, trust your bias even if it's against the Gurus in the market.

Happy weekend
Make all mistakes in demo and rain in pips in live account
  • #2,878
  • Edited 2:39pm Jun 24, 2018 2:18pm | Edited 2:39pm
Quoting 9jatrader
{quote} Here is the chart on USDCAD. Thought the bulls would not give up so easily it's great enough to send the pair down. {image}
I finally joined the bears 673 pips down, exit point
Make all mistakes in demo and rain in pips in live account
  • #2,879
  • Jun 25, 2018 8:21am Jun 25, 2018 8:21am
Quoting 9jatrader
{quote} I finally joined the bears 673 pips down, exit point
My Pending order failed to trigger. I remain bearish
Make all mistakes in demo and rain in pips in live account
  • #2,880
  • Jun 25, 2018 2:39pm Jun 25, 2018 2:39pm
Quoting 9jatrader
{quote} Thanks for your input
You are welcomed. I had a very bad experience recently with high leverage. I doubled my money twice and lost 50% afterward and ended flat. I was profitable net in pips but my account was flat, I understood that percentage losses and gains are not the same. These days I don't even want a 10% drawdown.
When you see it, BET big.
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