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Simple and profitable trading style

  • #2,881
  • Edited 3:14am Jun 26, 2018 2:08am | Edited 3:14am
Quoting Rennaissance
{quote} 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.
Leverage is "Double-Edged Sword". When we know how to use it it works fantastically. I have said here that there is a trader here on FF who has taken $20 to over $130, using 1:100. You would see him when you click trades and then the right hand side you see live account traders and their percentage. My trading friend few days ago told me about a his trading friend here in my City who took $5 to $400. He is trading from Hotforex. As you may have known Hotforex offers $5 with leverage 1:1000
We just need to practice and practice

This account is called "Micro"
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,882
  • Jun 26, 2018 3:08am Jun 26, 2018 3:08am
"Here is the chart on USDCAD. Thought the bulls would not give up so easily it's great enough to send the pair dow"


9jatrader,

the FX markets are NOT driven by "supply and demand".

The reason for the USDCAD increase was Dumb Money SHORTIES placing themselves in the market and falling victim to the SMart Money Cartel pushing the price higher and going for their stops.

RETHINK your market analysis.

See here:
Attached Image (click to enlarge)
Click to Enlarge Name: uc got it or not.png Size: 56 KB
www.sme-fx.com
  • #2,883
  • Jun 26, 2018 3:21am Jun 26, 2018 3:21am
Quoting FractalFreak
"Here is the chart on USDCAD. Thought the bulls would not give up so easily it's great enough to send the pair dow" 9jatrader, the FX markets are NOT driven by "supply and demand". The reason for the USDCAD increase was Dumb Money SHORTIES placing themselves in the market and falling victim to the SMart Money Cartel pushing the price higher and going for their stops. RETHINK your market analysis. See here: {image}
Possibly your chart is about shorter time frame. I trade the daily candles. My analyses was based on the daily "Shooting Star". A week or few weeks from now we would re-visit the analyses again. Hope you would still be here for us.
Great thanks for your input/advice
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,884
  • Jun 28, 2018 1:44pm Jun 28, 2018 1:44pm
Quoting 9jatrader
{quote} Tradeview finally opened live account for me. Hope to fund it soon. I was referred to one of their banks that needs only Passport and Statement of Account- no National ID is required
I finally settled down with HotForex, as the cost of transferring fund from Nigeria to Tradeview is enough to place great trades
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,885
  • Jun 28, 2018 2:59pm Jun 28, 2018 2:59pm
hopefully i can join in this trade strategy,though am still finding few things hard to understand but i guess with time, i will have a clear view on the strategy and have a better question to ask but for now i just want to tag along with your analysis to have a better understanding,hopefully i can start earning with the trade pattern
  • #2,886
  • Jun 28, 2018 3:12pm Jun 28, 2018 3:12pm
Quoting dkarev
hopefully i can join in this trade strategy,though am still finding few things hard to understand but i guess with time, i will have a clear view on the strategy and have a better question to ask but for now i just want to tag along with your analysis to have a better understanding,hopefully i can start earning with the trade pattern
I got your Pm. I was busy and still busy; I will reply you on all my analyses and signal I wait for. Don't be offended
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,887
  • Jun 28, 2018 4:05pm Jun 28, 2018 4:05pm
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}
The Pending order got triggered. The bulls would not give up so easily- I repeat
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,888
  • Jun 28, 2018 4:13pm Jun 28, 2018 4:13pm
Quoting 9jatrader
GBPCAD formed similar setup as USDCAD. The difference is that GBPCAD formed it below Fibonacci level 50.0% {image}
GBPCAD moving faster than it's friend, USDCAD

274 pips so far in few days
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,889
  • Jun 28, 2018 5:56pm Jun 28, 2018 5:56pm
Quoting 9jatrader
{quote} GBPCAD moving faster than it's friend, USDCAD 274 pips so far in few days
Hi, In my modest opinion heading north from 1.7310 aproximatley
POSTMASTER
  • #2,890
  • Jun 28, 2018 6:19pm Jun 28, 2018 6:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 164 KB
POSTMASTER
  • #2,891
  • Jun 29, 2018 3:28am Jun 29, 2018 3:28am
Quoting Robinhood1
{quote} Hi, In my modest opinion heading north from 1.7310 aproximatley
Yea, we're on the same page. Am scalping 480 pips- I hope it gets there soon, My exit point is 1.71204
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,892
  • Jun 29, 2018 3:55am Jun 29, 2018 3:55am
Just found that my EURNZD long just triggered 354 pips. Am out, still keeping EURAUD long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,893
  • Jun 29, 2018 4:01am Jun 29, 2018 4:01am
Trading is interesting when targets are hit, but opposite when sl is triggered
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,894
  • Jun 29, 2018 10:14am Jun 29, 2018 10:14am
Quoting 9jatrader
{quote} Am out of USDCAD long. The strong Shooting star on it is scary.
So far so good

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}
Here was the beginning of the journey

Quoting 9jatrader
GBPCAD formed similar setup as USDCAD. The difference is that GBPCAD formed it below Fibonacci level 50.0% {image}
Same with with GBPCAD. The journey not over yet

Quoting FractalFreak
"Here is the chart on USDCAD. Thought the bulls would not give up so easily it's great enough to send the pair dow" 9jatrader, the FX markets are NOT driven by "supply and demand". The reason for the USDCAD increase was Dumb Money SHORTIES placing themselves in the market and falling victim to the SMart Money Cartel pushing the price higher and going for their stops. RETHINK your market analysis. See here: {image}
The analyses still working

Quoting 9jatrader
{quote} Possibly your chart is about shorter time frame. I trade the daily candles. My analyses was based on the daily "Shooting Star". A week or few weeks from now we would re-visit the analyses again. Hope you would still be here for us. Great thanks for your input/advice
Less than a week I hereby re-visit the analyses
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,895
  • Jun 29, 2018 11:45am Jun 29, 2018 11:45am
Now the weekly is forming an excellent bearish setup- strong Bearish Engulfing Pattern. This strong bearish bias is further boosted by the fact that both the candles have long upper shadow and and supported by Bollinger upper band breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadww.png Size: 49 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,896
  • Edited Jul 1, 2018 8:22am Jun 30, 2018 1:40pm | Edited Jul 1, 2018 8:22am
Market analyses for the week:

EURGBP: Strong Gravestone Doji around strong resistance level 0.88298 not broken since March 2018

AUDCAD: Weekly strong Bearish Engulfing which closed below both the SMA and Middle Band and daily strong inverted Hammer.

CADCHF: Am still waiting for it to mature. The weekly still below both the SMA and the Middle band. The daily also was not able to close well above both the SMA and Middle band. What would make me to stay away for now is the fact that 4hr has not closed above the upper band strongly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,897
  • Jun 30, 2018 1:42pm Jun 30, 2018 1:42pm
I hope to take AUDCAD to live account. Where possible move the SL as soon as possible
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,898
  • Jun 30, 2018 1:45pm Jun 30, 2018 1:45pm
Whoever wishes to share his/her chart on the pairs analyzed or any other pair can share, and you don't need to apologized. Your charts are welcomed.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
  • #2,899
  • Jun 30, 2018 9:02pm Jun 30, 2018 9:02pm
i was hoping you will have a chart based on the analysis you have mention above,moreover am still on my PM you promised to reply,though i really dont mind if the explained analysis is done inhere for others to have a good an understanding or for future reference.
  • #2,900
  • Jul 1, 2018 8:25am Jul 1, 2018 8:25am
Please I just edited the analyses. On EURGBP I was meant to type Grave Stone Doji. I have corrected it. The setup still remains the same, just the name of the candlestick
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -60.2%
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