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Simple and profitable trading style

  • #2,921
  • Jul 5, 2018 8:05am Jul 5, 2018 8:05am
Quoting Rennaissance
{quote} The markets are too large to be manipulated by anyone or group of people. Concerning your strategies, have it ever occurred to you that your system development is biased. We see what we really want to see in the market and in life. Has it ever occurred to you that you are allowing yourself to be fooled by randomness . Food for thought. Lastly, the strategies that work consistently are volatile(low win rate), are you comfortable hitting 2-3 in 10, probable not.cheers
Fair enough. I respect your opinion nevertheless I disagree. We landed on the moon an long time ago. No man/woman can beat alphazero https://es.wikipedia.org/wiki/AlphaZero. We are just a joke for 99,9% of traders for the artifitail intellegence playing amongst us in the financial markets. An easy example: hunting stop loss positions. You think these positions are kept secretly? I dont. Anyway if you are the 0,01% congratulations.
POSTMASTER
  • #2,922
  • Jul 5, 2018 12:01pm Jul 5, 2018 12:01pm
Please no one should turn this thread into a platform for abusing each other. Let's respect one another
Make all mistakes in demo and rain in pips in live account
  • #2,923
  • Jul 5, 2018 12:54pm Jul 5, 2018 12:54pm
Quoting 9jatrader
Though not uploading any Fibonacci trading chart for now I decided to get into the EURAUD long position. I just want to confirm high probability of the strategy am using before sharing the chart
Am out of EURAUD long 238 pips. NZDCHF forming strong Hammer with bullish body on the weekly. It's going to affect this pair. Also EURAUD not ready to break Fibo 61.8% for now. I have, before now closed the short on AUDCHF . This has directly negative correlation with EURAUD.
Make all mistakes in demo and rain in pips in live account
  • #2,924
  • Jul 5, 2018 1:06pm Jul 5, 2018 1:06pm
Tomorrow is NFP report. I do not see any fundamentals changing USDCAD on the weekly.
Just analyzing
Make all mistakes in demo and rain in pips in live account
  • #2,925
  • Jul 5, 2018 3:33pm Jul 5, 2018 3:33pm
Hi 9jatrader. I have seen you started a real live account. I wish you all the best. It will be interesting to see your results battling against SM!!!
POSTMASTER
  • #2,926
  • Jul 6, 2018 6:26am Jul 6, 2018 6:26am
Quoting Robinhood1
Hi 9jatrader. I have seen you started a real live account. I wish you all the best. It will be interesting to see your results battling against SM!!!
Thank you.
Make all mistakes in demo and rain in pips in live account
  • #2,927
  • Jul 6, 2018 6:40am Jul 6, 2018 6:40am
Am a bit limited and restricted in my live account. Since it's a micro account, am giving only eight pairs to trade- AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDCAD, USDCHF and USDJPY
Make all mistakes in demo and rain in pips in live account
  • #2,928
  • Jul 6, 2018 6:41am Jul 6, 2018 6:41am
It's a zero spread and ECN account
Make all mistakes in demo and rain in pips in live account
  • #2,929
  • Jul 6, 2018 7:08am Jul 6, 2018 7:08am
Quoting 9jatrader
GBPCAD formed similar setup as USDCAD. The difference is that GBPCAD formed it below Fibonacci level 50.0% {image}
GBPCAD stopped after 256 pips. TP not reached yet
Make all mistakes in demo and rain in pips in live account
  • #2,930
  • Jul 6, 2018 8:02am Jul 6, 2018 8:02am
Quoting 9jatrader
Tomorrow is NFP report. I do not see any fundamentals changing USDCAD on the weekly. Just analyzing
NFP reports failed to help the USD bulls
Make all mistakes in demo and rain in pips in live account
  • #2,931
  • Jul 6, 2018 10:38am Jul 6, 2018 10:38am
Am eyeing AUDCHF bearish move on the daily. There is already exhaustion- sideways. I hope to join using the daily middle band/SMA and 4hr upper band
Make all mistakes in demo and rain in pips in live account
  • #2,932
  • Jul 6, 2018 10:44am Jul 6, 2018 10:44am
4hr had been consistently rejecting upper band. More confidence ( if the conditions are met ) is the fact that it's moving out from between Fibo 61.8% and 100%. Most times reverse setups take place here.
Make all mistakes in demo and rain in pips in live account
  • #2,933
  • Jul 6, 2018 10:53am Jul 6, 2018 10:53am
Just trying to compile some charts on Fibonacci in combination of other strategies I have here. There are lots more coming. I have missed some trades when I was not using it. Also I have been ambushed by taking positions instead of staying away.
Make all mistakes in demo and rain in pips in live account
  • #2,934
  • Jul 6, 2018 10:58am Jul 6, 2018 10:58am
I promised earlier that I would not share Fibonacci charts any more until strong confirmation on the backtest/backcheck is achieved
Make all mistakes in demo and rain in pips in live account
  • #2,935
  • Jul 6, 2018 2:43pm Jul 6, 2018 2:43pm
Strong Hammer right on strong ranging support level, 0.67187 on NZDCHF weekly. I decided to join the bulls on the weekly. It's all about backtest/strategy.
The great thing is that it's closing with bullish body.
Make all mistakes in demo and rain in pips in live account
  • #2,936
  • Jul 7, 2018 12:36pm Jul 7, 2018 12:36pm
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}
USDCAD down 164 pips for now.

Quoting 9jatrader
{quote} Here is the chart on USDCAD. Though the bulls would not give up so easily it's great enough to send the pair down. {image}
Here was the beginning and setup
Make all mistakes in demo and rain in pips in live account
  • #2,937
  • Jul 8, 2018 5:00am Jul 8, 2018 5:00am
Hello friends and readers of this thread. I wish to repeat some of the post/comments I have made since the beginning of this thread. From time to time I repeat what I have posted, specially for the purpose of new readers are those who have been away from either trading or the thread. I deem it fit to repeat again before adding another strategy- Fibonacci and how it can either help to stay away from market ambush, take positions or wait patiently for a reversal
Make all mistakes in demo and rain in pips in live account
  • #2,938
  • Jul 8, 2018 5:04am Jul 8, 2018 5:04am
What we do here is not about finding a Holy Grail in trading. It's about finding a strategy that has high probability. As you already known, there is no Holy Grail; Forex trading is all about probability.
Make all mistakes in demo and rain in pips in live account
  • #2,939
  • Jul 8, 2018 5:10am Jul 8, 2018 5:10am
The reason of this thread is find how to catch a trend at the beginning. After backtest/backcheck I found out that when market wants to trend we can catch it using the weekly middle band and daily upper band ( For uptrend movement ); weekly middle band and daily lower band ( For down trend movement ). I later added SMA to it and had been working with better result, though not without losses. I take losses and move on to the next available opportunity.
Make all mistakes in demo and rain in pips in live account
  • #2,940
  • Jul 8, 2018 5:13am Jul 8, 2018 5:13am
In the course of this thread I came up with the fact that we could also catch trend earlier with Daily middle band and 4hr upper band ( For uptrend movement ) and daily middle band and 4hr lower band ( For down trend )
Make all mistakes in demo and rain in pips in live account
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