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Simple and profitable trading style

  • #3,201
  • Oct 6, 2018 2:33am Oct 6, 2018 2:33am
For those who trade/backtest using SMA and Bollinger bands with me you could install them. SMA - Period 14; Shift 0. This is very important so that even if I don't upload my chart you could see them in your charts. The reason am saying it again is the last setup ofbearish candle right below SMA on EURGBP on 3rd October
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,202
  • Oct 6, 2018 7:59am Oct 6, 2018 7:59am
Quoting 9jatrader
For those who trade/backtest using SMA and Bollinger bands with me you could install them. SMA - Period 14; Shift 0. This is very important so that even if I don't upload my chart you could see them in your charts. The reason am saying it again is the last setup ofbearish candle right below SMA on EURGBP on 3rd October
EURGBP made second setup, this time weekly middle band/SMA and daily lower band. There had been strong setup on the weekly before now. The shorter time frames traders have found entry
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,203
  • Oct 7, 2018 9:44am Oct 7, 2018 9:44am
We might see gaps on GBP pairs when market opens
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,204
  • Oct 7, 2018 9:56am Oct 7, 2018 9:56am
Quoting 9jatrader
Additional strategy would be added to this thread- currently on backtesting. It's not about EA. It's on your chart. The following pairs are currently on the backtesting - EURCAD short, daily; USDJPY long, daily; CADJPY long daily; NZDJPY long, daily; AUDJPY long, daily
Last week I promised to add another strategy to this thread. For new readers and friends
I decided not to have multiple threads for different strategies and so would see other strategy-based setup on the thread other than the main strategy on weekly middle band and daily lower/upper band or daily mddle band and 4hr lower/upper band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,205
  • Oct 7, 2018 9:58am Oct 7, 2018 9:58am
It's been a long time since I uploaded my charts. This time I would upload some charts because of my new strategy and finding

The strategy has to do with breakouts. Some breakouts can really kill account when it turns out to be Fakeout

The great strategy is when a strong resistance of Bearish Engulfing or strong support of Bullish Engulfing is broken. Here are some charts as the say a picture is worth more than a thousand words
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 37 KB
Click to Enlarge Name: 2.png Size: 37 KB
Click to Enlarge Name: 3.png Size: 42 KB
Click to Enlarge Name: 4.png Size: 40 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,206
  • Oct 7, 2018 10:41am Oct 7, 2018 10:41am
Sometimes a continuation setup is made above the broken resistance made by Bearish Engulfing or below the broken support made by Bullish Engulfing.
We could see it on the CADJPY chart. Bullish candle was formed right above the broken resistance made by Bearish Engulfing Pattern. It was the last trade I closed. Happy new trading week
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,207
  • Oct 7, 2018 10:44am Oct 7, 2018 10:44am
Just as I said- it's not about EA; it's on your chart. We just need patience. Engulfing Pattern has become a make and break strategy
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,208
  • Oct 7, 2018 10:47am Oct 7, 2018 10:47am
In case I don't upload chart when this strategy-based setup is formed- forgive me
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,209
  • Oct 8, 2018 10:02am Oct 8, 2018 10:02am
Quoting 9jatrader
It's been a long time since I uploaded my charts. This time I would upload some charts because of my new strategy and finding The strategy has to do with breakouts. Some breakouts can really kill account when it turns out to be Fakeout The great strategy is when a strong resistance of Bearish Engulfing or strong support of Bullish Engulfing is broken. Here are some charts as the say a picture is worth more than a thousand words {image} {image} {image} {image}
EURJPY is breaking the broken resistance ( now support breakout ) made by Strong Bearish Engulfing. The strategy so simple. The resistance breakout was able to make 220 pips

GBPJPY still trapped below the resistance made by Bearish Engulfing. I have been short since last week.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,210
  • Oct 8, 2018 10:11am Oct 8, 2018 10:11am
Just as I said yesterday, in case I don't upload chart forgive my. I already have Four charts to teach us. Check your chart on the pair being referred to.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,211
  • Oct 8, 2018 10:14am Oct 8, 2018 10:14am
If it ( EURJPY)closes well below the support I would join the bears
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,212
  • Oct 8, 2018 10:17am Oct 8, 2018 10:17am
Quoting 9jatrader
I decided to join the GBPJPY bears on this- below Fibo 100% and resistance. No doubt the bulls would not give in so easily on the pair
Here was one of the reasons for joining
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,213
  • Oct 8, 2018 10:19am Oct 8, 2018 10:19am
Quoting 9jatrader
All JPY pairs are crashing, am already in NZDJPY , CHFJPY and GBPJPY short; moved my SL above entry for CADJPY long to luck in some profits- hope to triggered with profits. Watching EURJPY support breakout tonight. CHFJPY and EURJPY are positively correlated.
Looking for JPY pairs that are falling like rock
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,214
  • Oct 8, 2018 10:26am Oct 8, 2018 10:26am
Just like GBPJPY, the EURJPY bulls would not easily give up. Yet I remain bearish if today candle closes well below the broken resistance, now broken support
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,215
  • Edited 11:39am Oct 8, 2018 11:25am | Edited 11:39am
Quoting 9jatrader
Just like GBPJPY, the EURJPY bulls would not easily give up. Yet I remain bearish if today candle closes well below the broken resistance, now broken support
The additional great thing about the EURJPY is its correlation with CHFJPY I reported before now. It has been crashing strongly. Caught it ( CHFJPY ) on 4hr -below SMA
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,216
  • Oct 9, 2018 12:36pm Oct 9, 2018 12:36pm
Quoting 9jatrader
{quote} Am out EURGBP bulls It's back to 0.90331, and it's reacting so well to it.
The level is crashing it- 204 pips down
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,217
  • Oct 9, 2018 12:38pm Oct 9, 2018 12:38pm
Quoting 9jatrader
{quote} Here is the level where EURGBP had returned - where the strong Shooting Star was earlier formed {image}
Here was the beginning
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,218
  • Oct 9, 2018 12:42pm Oct 9, 2018 12:42pm
Quoting 9jatrader
While looking for setup for my live account for next week I feel I just found one, EURGBP, short. The weekly had closed with strong Bearish Engulfing Pattern. This is strongly supported by strong Bollinger Upper Band breakout. Looking at your chart you would observe that getting into it on the daily may not be convincing. The daily middle band and 4hr strategy had nothing to offer at this time. And yet 4hr on has already formed good entry point, though I missed the entry point- previous candle on 4hr. It was able to close with strong Bearish Engulging...
The weekly strong setup did not fail
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,219
  • Edited 1:28pm Oct 9, 2018 1:15pm | Edited 1:28pm
Quoting 9jatrader
It's been a long time since I uploaded my charts. This time I would upload some charts because of my new strategy and finding The strategy has to do with breakouts. Some breakouts can really kill account when it turns out to be Fakeout The great strategy is when a strong resistance of Bearish Engulfing or strong support of Bullish Engulfing is broken. Here are some charts as the say a picture is worth more than a thousand words {image} {image} {image} {image}
Here is another chart of the pair I was able to catch since the strategy backtest/backcheck https://charts.mql5.com/19/349/gbpch...view-ltd-2.png
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
  • #3,220
  • Oct 9, 2018 1:32pm Oct 9, 2018 1:32pm
255 pips up for now
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.5%
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