Simple and profitable trading style | Page 167 | 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

  • #3,321
  • Nov 6, 2018 4:34pm Nov 6, 2018 4:34pm
Just analyzing market/price
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,322
  • Nov 7, 2018 12:38am Nov 7, 2018 12:38am
Quoting 9jatrader
{quote} Finally crashing {quote} The pressure was too much to bear. Two signals were made ( Strong Bearish Engulfing Patterns ) before the last one on Bollinger Bands Squeeze breakout {image}

Reminder: Another great day for NZD pairs. AUDNZD is breaking the support where retracement took place
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdf.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,323
  • Nov 7, 2018 12:44am Nov 7, 2018 12:44am
I was out when Bullish candle was formed outside Bollinger Bands. When strong Bullish candle forms outside Bollinger Bands during downtrend, there is strong probability for the bulls to come in more. Opposite is the case when bearish candle forms outside Bollinger Bands- in this case it would draw in more bears. You would see them in all pairs in your chart.
Trade safe
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,324
  • Nov 7, 2018 12:47am Nov 7, 2018 12:47am
While I remain a trend trader am practicing good scalping method on the daily. I would be waiting for NZD pairs
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,325
  • Nov 7, 2018 12:55am Nov 7, 2018 12:55am
The strategy is to look for the weakest currencies of the day; then pair it with the one on which you await for big news/fundamentals. Have Two Orders: "Buy Stop and Sell Stop"- the two with stop loss; when one is triggered then get out of the other one. Simple for now, but I don't see the bad side for now. Maybe later the negative points of the strategy would show up.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,326
  • Nov 7, 2018 12:56am Nov 7, 2018 12:56am
See you later before 10:00 GMT
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,327
  • Nov 7, 2018 2:33am Nov 7, 2018 2:33am
Watch out on USDCHF daily middle band and 4hr lower band. Strong short setup had been made on the daily, but being intercepted by daily middle band

I mean this for those who the first setup- Bearish Engulfing Pattern below resistance
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,328
  • Nov 7, 2018 4:05am Nov 7, 2018 4:05am
Quoting 9jatrader
Watch out on USDCHF daily middle band and 4hr lower band. Strong short setup had been made on the daily, but being intercepted by daily middle band I mean this for those who the first setup- Bearish Engulfing Pattern below resistance
Check your chart. It has met daily middle band and 4hr ( USDCHF ). I also have the 4hr strong Hammer on CADJPY

The next on the watch list is USDCAD daily middle band and 4hr lower band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,329
  • Nov 7, 2018 4:12am Nov 7, 2018 4:12am
Quoting 9jatrader
The strategy is to look for the weakest currencies of the day; then pair it with the one on which you await for big news/fundamentals. Have Two Orders: "Buy Stop and Sell Stop"- the two with stop loss; when one is triggered then get out of the other one. Simple for now, but I don't see the bad side for now. Maybe later the negative points of the strategy would show up.
USD is currently showing the weakest currency of the day. It would be the best to scalp with NZD if it ( NZD ) becomes bullish again today.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,330
  • Nov 7, 2018 4:12am Nov 7, 2018 4:12am
Quoting 9jatrader
The strategy is to look for the weakest currencies of the day; then pair it with the one on which you await for big news/fundamentals. Have Two Orders: "Buy Stop and Sell Stop"- the two with stop loss; when one is triggered then get out of the other one. Simple for now, but I don't see the bad side for now. Maybe later the negative points of the strategy would show up.
USD is currently showing the weakest currency of the day. It would be the best to scalp with NZD if it ( NZD ) becomes bullish again today.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,331
  • Nov 7, 2018 4:16am Nov 7, 2018 4:16am
The question we may ask ourselves is "What happens if the currency on which news we await becomes weak" Great question. Then we watch out on the strongest currency of the day. We could as well set Sell Stop and Buy Stop Order.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,332
  • Nov 7, 2018 4:20am Nov 7, 2018 4:20am
Please don't take to live account what you have not practiced on demo . Am not here/sharing to ruin account, but we learn and build ourselves together.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,333
  • Nov 7, 2018 4:28am Nov 7, 2018 4:28am
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,334
  • Nov 7, 2018 7:40am Nov 7, 2018 7:40am
Quoting 9jatrader
{quote} Check your chart. It has met daily middle band and 4hr ( USDCHF ). I also have the 4hr strong Hammer on CADJPY The next on the watch list is USDCAD daily middle band and 4hr lower band
USDCAD currently closing below lower band on 4hr, less the 30 minutes to 4hr close candle
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,335
  • Nov 7, 2018 7:55am Nov 7, 2018 7:55am
Quoting 9jatrader
{quote} USDCAD currently closing below lower band on 4hr, less the 30 minutes to 4hr close candle
4hr scared of lower band; not adding position
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,336
  • Nov 7, 2018 1:59pm Nov 7, 2018 1:59pm
Quoting 9jatrader
The strategy is to look for the weakest currencies of the day; then pair it with the one on which you await for big news/fundamentals. Have Two Orders: "Buy Stop and Sell Stop"- the two with stop loss; when one is triggered then get out of the other one. Simple for now, but I don't see the bad side for now. Maybe later the negative points of the strategy would show up.
Am scalping NZDUSD with this strategy while we wait for NZD news
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,337
  • Nov 8, 2018 5:47am Nov 8, 2018 5:47am
Quoting 9jatrader
{quote} Reminder: Another great day for NZD pairs. AUDNZD is breaking the support where retracement took place {image}
If today's candle on AUDNZD closes as its currently going, it's going to draw in more bulls. It would be a great long trade setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,338
  • Nov 8, 2018 6:15am Nov 8, 2018 6:15am
I continue to review my lost trades and see how and why I lost, especially breakouts. Some breakouts move straight after breakout, while in some we get ambushed. So funny. I have found out that I always get in after breakout- aggressive trading. Now I no longer get in as soon as the breakout occurs. I wait for the second candle for confirmation. Take for example there is a support breakout no need for me to get in- I would wait. If the second candle is strongly bearish below the broken support, then I would get in. I have many example during my backchecking of my lost trades.
I have the currently moving EURAUD short and my old trade ( lost trade on GBPAUD ). GBPAUD support breakout at the bottom of the chart.You would see that it was a great breakout. But the next candle ambushed me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraudf.png Size: 48 KB
Click to Enlarge Name: gbpaudf.png Size: 57 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,339
  • Nov 12, 2018 1:56pm Nov 12, 2018 1:56pm
It's a great day for EURUSD bears. I have been away from this pair for long time now. We have to trade this kind of breakout with caution. Because this is where Bullish Engulfing forms also. To join I would wait for another bearish candle below the broken support. Market has taught me great lesson in trading breakouts
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,340
  • Nov 12, 2018 2:08pm Nov 12, 2018 2:08pm
I used to be an aggressive breakouts trader. Market has taught to make a change of heart after going through my trade journal. And so am conservative now in trading any breakouts. Am waiting for bearish candle below the broken support- tomorrow, next tomorrow I don't know when

I mean the awaited EURUSD short
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
4 traders viewing now