Simple and profitable trading style | Page 155 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

NZD/JPY, USD/JPY

Similar Threads

Trading Made Very Simple and Profitable instructions 33 replies

The right thinking of the profitable trading in 3 simple steps. 14 replies

Indonesian Trader style - make trading simple 1 reply

Your consistently profitable trading style 37 replies

Gio's simple profitable trading quest 6 replies

Attachments: Simple and profitable trading style
Exit Attachments

Simple and profitable trading style

  • #3,081
  • Aug 18, 2018 11:05am Aug 18, 2018 11:05am
Quoting Merka
{quote} Hi How do you manage SLs? Often I'm right on overall direction but price hit my SL and after moves on my direction. Did it ever happened to you? What did you do in case like this? Do you take the loss and move on, do you re-enter, do you use a recovery system etc... Regards
I move on when I receive bullet from the market There is nothing we can do about that. loss is as much part as loss in this game we call Forex. Here is where I received shut on GBPAUD- it was based on stochastic supported support breakout. Then when such happens I check the longer time frames like the weekly. If the setup is still valid, I wait for another opportunity on the daily around SMA. SMA had been great. I have the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.png Size: 43 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,082
  • Aug 18, 2018 11:09am Aug 18, 2018 11:09am
The SL was little above the broken support. The breakout was strong. It retraced and I have to wait around SMA. The Bollinger Bands breakout on EURUSD is also strong.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,083
  • Aug 18, 2018 11:12am Aug 18, 2018 11:12am
We could see something similar to Tweezer Tops ( though the first candle had lower shadow ) around SMA and so have to join again.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,084
  • Aug 18, 2018 11:16am Aug 18, 2018 11:16am
We could also see the first Red Mark on the left - Shooting Star below SMA and how it crashed to pair to 356 pips which broke the support
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,085
  • Aug 18, 2018 11:18am Aug 18, 2018 11:18am
SMA remains a powerful too now for me . Am waiting for EURUSD short again. Am out with few pips
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,086
  • Aug 18, 2018 2:07pm Aug 18, 2018 2:07pm
Thanks bro
  • #3,087
  • Aug 18, 2018 4:04pm Aug 18, 2018 4:04pm
Quoting Merka
Thanks bro
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,088
  • Aug 19, 2018 6:07pm Aug 19, 2018 6:07pm
What do you think of EUR/USD? I think it has bottomed. Bought max size around 1.143.
When you see it, BET big.
  • #3,089
  • Aug 19, 2018 11:16pm Aug 19, 2018 11:16pm
Quoting Rennaissance
What do you think of EUR/USD? I think it has bottomed. Bought max size around 1.143.
Am already out of EURUSD short position. Am neither bullish or bearish now, I do not see anything that informs me to join either. However, the overall bias is bearish as far as I can see. Shortly the bears would be back. Am waiting around the daily SMA. I have shared how to use it to wait after retracement- shared the post last week
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,090
  • Aug 19, 2018 11:25pm Aug 19, 2018 11:25pm
Joining market movement also depends on the time frame you trade. It can be ranging in one TF, whereas it's trending in the other TF
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,091
  • Aug 19, 2018 11:30pm Aug 19, 2018 11:30pm
We should have some set of rules ( backtested rules ) that informs us to join movement/exit
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,092
  • Aug 20, 2018 3:59am Aug 20, 2018 3:59am
Thanks. I based my analysis on the weekly all the way down to the 4h. But let's see how it plays out.
When you see it, BET big.
  • #3,093
  • Aug 20, 2018 5:02am Aug 20, 2018 5:02am
Any thought about GBP/USD pls? Looks like its going North at the moment! How far might it go before getting back to bearish mode again?! what would be best SL point if you go sort?
  • #3,094
  • Aug 20, 2018 7:16am Aug 20, 2018 7:16am
Quoting ron23
Any thought about GBP/USD pls? Looks like its going North at the moment! How far might it go before getting back to bearish mode again?! what would be best SL point if you go sort?
Now we are in a sell trend (GBPUSD) and maybe 1.2815 is a good area for selling again;
  • #3,095
  • Aug 20, 2018 8:08am Aug 20, 2018 8:08am
Quoting MariaEduard
{quote} Now we are in a sell trend (GBPUSD) and maybe 1.2815 is a good area for selling again;
Thanks MariaEduard.
  • #3,096
  • Aug 20, 2018 8:21am Aug 20, 2018 8:21am
Quoting Rennaissance
Thanks. I based my analysis on the weekly all the way down to the 4h. But let's see how it plays out.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,097
  • Aug 20, 2018 8:23am Aug 20, 2018 8:23am
Quoting ron23
Any thought about GBP/USD pls? Looks like its going North at the moment! How far might it go before getting back to bearish mode again?! what would be best SL point if you go sort?
Depends on the Time Frame. On the weekly, it's bearish. There is no signal to even join on the daily
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,098
  • Aug 20, 2018 8:26am Aug 20, 2018 8:26am
GBPUSD and EURUSD move towards the same direction sometimes
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,099
  • Aug 20, 2018 11:35am Aug 20, 2018 11:35am
EURUSD remains strongly bullish on the shorter TF, 4hr. We, the bears would be back soon
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,100
  • Aug 20, 2018 3:14pm Aug 20, 2018 3:14pm
Quoting 9jatrader
EURUSD remains strongly bullish on the shorter TF, 4hr. We, the bears would be back soon
Riding that wave,
When you see it, BET big.
0 traders viewing now