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Simple and profitable trading style

  • #3,341
  • Nov 12, 2018 2:15pm Nov 12, 2018 2:15pm
AUDJPY making great short trade setup right below broke support. That is the kind of breakout I now trade- wait for the second candle after breakout. That would give final direction
Make all mistakes in demo and rain in pips in live account
  • #3,342
  • Nov 12, 2018 2:19pm Nov 12, 2018 2:19pm
The aggressive traders on resistance breakout on AUDJPY would have been ambushed by now and sl triggered
Make all mistakes in demo and rain in pips in live account
  • #3,343
  • Nov 12, 2018 2:23pm Nov 12, 2018 2:23pm
Here is the chart and you would see what I mean. Learn to be patient and wait for the second candle. If it's strong enough we can get in. The bullish candle after resistance breakout was not strong enough

You could see in that bullish candle after breakout there was already bearish pressure on the bulls- having long upper shadow.
Am not sharing signal, but just analyzing market/price
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyb.png Size: 52 KB
Make all mistakes in demo and rain in pips in live account
  • #3,344
  • Nov 12, 2018 2:29pm Nov 12, 2018 2:29pm
Market has not closed for the day and so I can't join now. Any news can change the game/candle before market finally closes
Make all mistakes in demo and rain in pips in live account
  • #3,345
  • Nov 12, 2018 4:46pm Nov 12, 2018 4:46pm
I finally joined the AUDJPY bears. Keeping my hawkish eyes on the movement because it was formed on a strong uptrend. I know the risk of it.
Make all mistakes in demo and rain in pips in live account
  • #3,346
  • Nov 14, 2018 3:32am Nov 14, 2018 3:32am
Quoting 9jatrader
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
Second candle failed to be bearish candle. Waiting for the next candle. Small Gravestone Doji is being formed right below the broken support.
Make all mistakes in demo and rain in pips in live account
  • #3,347
  • Nov 14, 2018 3:34am Nov 14, 2018 3:34am
Patience remains a great virtue in trading. Still waiting for good entry.
Make all mistakes in demo and rain in pips in live account
  • #3,348
  • Nov 14, 2018 3:37am Nov 14, 2018 3:37am
Hope to catch AUDUSD short on 4hr and see how it goes.
Make all mistakes in demo and rain in pips in live account
  • #3,349
  • Nov 14, 2018 4:34am Nov 14, 2018 4:34am
Quoting 9jatrader
{quote} All the signals are lined up now ( on AUDNZD short )- weekly middle band, daily middle and 4hr lower band. Regrettable I can't have this on live account. I have open trades on live account that are trapped Before this time AUDNZD had formed strong short setup twice- Strong Bearish Engulfing Pattern
AUDNZD, 220 pips down, after the breakout, breaking many supports on the way

Quoting 9jatrader
Explosive trading awaits AUDNZD. It's currently forming strong Bollinger Bands Squeeze.
As expected
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdg.png Size: 39 KB
Make all mistakes in demo and rain in pips in live account
  • #3,350
  • Nov 14, 2018 2:21pm Nov 14, 2018 2:21pm
Quoting 9jatrader
Hope to catch AUDUSD short on 4hr and see how it goes.
Failed woefully. The daily already showing the continuation above SMA; 4hr traders, you guys are trying
Make all mistakes in demo and rain in pips in live account
  • #3,351
  • Nov 14, 2018 2:23pm Nov 14, 2018 2:23pm
If AUDUSD daily closes well as it is I may not wait for further direction on EURUSD long
Make all mistakes in demo and rain in pips in live account
  • #3,352
  • Nov 14, 2018 2:24pm Nov 14, 2018 2:24pm
About 4hrs from now AUD news coming
Make all mistakes in demo and rain in pips in live account
  • #3,353
  • Nov 15, 2018 9:34pm Nov 15, 2018 9:34pm
USDCAD is making strong short signal right below resistance level,1.32593 on the weekly

The daily or 4h would offer early entry.
Make all mistakes in demo and rain in pips in live account
  • #3,354
  • Nov 16, 2018 12:02am Nov 16, 2018 12:02am
I got the cad but took just 20 pips...
  • #3,355
  • Nov 16, 2018 2:26am Nov 16, 2018 2:26am
So soon USD bear would triumph. Already caught USDJPY on 4hr
Make all mistakes in demo and rain in pips in live account
  • #3,356
  • Nov 16, 2018 2:42am Nov 16, 2018 2:42am
Quoting 9jatrader
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
I would have been ambushed again. Importance of waiting/patience
Make all mistakes in demo and rain in pips in live account
  • #3,357
  • Nov 16, 2018 2:44am Nov 16, 2018 2:44am
Quoting 9jatrader
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
Am no longer aggressive and it's working now
Make all mistakes in demo and rain in pips in live account
  • #3,358
  • Nov 16, 2018 2:53am Nov 16, 2018 2:53am
USIndex already made short trade setup. It would affect all USD pairs
Make all mistakes in demo and rain in pips in live account
  • #3,359
  • Nov 16, 2018 8:24am Nov 16, 2018 8:24am
Power of conservative trading, especially for those who follow up my EURUSD support breakout analyses. It was a great support breakout, but I have to wait for another candle for direction. See what happened next
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 46 KB
Make all mistakes in demo and rain in pips in live account
  • #3,360
  • Nov 16, 2018 8:27am Nov 16, 2018 8:27am
Quoting 9jatrader
If AUDUSD daily closes well as it is I may not wait for further direction on EURUSD long
I caught AUDUSD long also
Make all mistakes in demo and rain in pips in live account
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