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Simple and profitable trading style

  • #3,361
  • Nov 16, 2018 8:47am Nov 16, 2018 8:47am
EURUSD correlated pair, USDCHF is crossing middle band after a long time. It has made short trade setup on two occasions but had failed because of Bollinger Middle band, Middle band acts as support/resistance during movement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,362
  • Nov 16, 2018 8:50am Nov 16, 2018 8:50am
I got the daily middle band and 4hr lower band on USDCHF, I hope it works this time. This pair ambushed me in my live account before now on the first short trade setup
Make all mistakes in demo and rain in pips in live account
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  • #3,363
  • Nov 16, 2018 12:14pm Nov 16, 2018 12:14pm
Excellent post! Thanks for sharing, although I had some doubts
  • #3,364
  • Nov 16, 2018 12:50pm Nov 16, 2018 12:50pm
Quoting 9jatrader
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 {image}
Weekly forming even stronger than the daily setup.

The weekly Hammer is set to fly up the pair. Having Bullish body increases bias. Just analyzing price
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdf.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,365
  • Nov 16, 2018 3:20pm Nov 16, 2018 3:20pm
Quoting CharlesJames
Excellent post! Thanks for sharing, although I had some doubts
Successful trading is all about strategy. Market finally decides whether we're right or wrong
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,366
  • Nov 17, 2018 1:34am Nov 17, 2018 1:34am
Quoting 9jatrader
USIndex already made short trade setup. It would affect all USD pairs

Now the weekly candle had closed. This is how USDIndex closed. This means the USD just started crashing are we might see further crash

But it's so funny that some traders started trading live even when they don't know different candlesticks and Patterns and know the ones that have high probability of moving price.
Attached Image (click to enlarge)
Click to Enlarge Name: usdindex.png Size: 39 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,367
  • Nov 17, 2018 2:06am Nov 17, 2018 2:06am
Strong setup on the weekly on CADJPY is yet to complete its job- still waiting for breakout on the daily
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,368
  • Nov 17, 2018 2:12am Nov 17, 2018 2:12am
The reason its trapped on the daily Bollinger Band Squeeze is the weekly middle band. As I have said time without number Bollinger Middle band acts as support and resistance
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,369
  • Nov 19, 2018 8:20am Nov 19, 2018 8:20am
Quoting 9jatrader
Strong setup on the weekly on CADJPY is yet to complete its job- still waiting for breakout on the daily
CADCHF bears breaking out Bollinger Bands Squeezeand EURCAD bulls are breaking out of sideways .

If they close well like this I would be waiting for one candle for confirmation. Am now a conservative trader. Aggressive trading can ruin account
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,370
  • Nov 19, 2018 8:44am Nov 19, 2018 8:44am
Quoting CharlesJames
Excellent post! Thanks for sharing, although I had some doubts
Still have some doubts?

Quoting 9jatrader
I got the daily middle band and 4hr lower band on USDCHF, I hope it works this time. This pair ambushed me in my live account before now on the first short trade setup
Still holding on
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,371
  • Edited 10:48am Nov 19, 2018 8:52am | Edited 10:48am
I caught EURGBP on 4hr right above SMA. I have shared many analyses on SMA
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 42 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,372
  • Nov 19, 2018 8:54am Nov 19, 2018 8:54am
This strategy is great for strongly trending pair-" first" retracement after it crossed Middle Band/SMA
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,373
  • Nov 19, 2018 8:57am Nov 19, 2018 8:57am
I focus on first retracement after it crossed Middle Band and SMA, because I have been ambushed in the past by other setup on SMA- for joining bulls and below SMA for joining the bears
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,374
  • Nov 19, 2018 12:20pm Nov 19, 2018 12:20pm
Quoting 9jatrader
{quote} CADCHF bears breaking out Bollinger Bands Squeezeand EURCAD bulls are breaking out of sideways . If they close well like this I would be waiting for one candle for confirmation. Am now a conservative trader. Aggressive trading can ruin account

There may not be need for second candle/confirmation. Bollinger Bands Squeeze breakout on CADCHF in combination of using the weekly middle band and daily lower band already informed me to get in on time. At least I have to signals for direction.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,375
  • Nov 19, 2018 12:30pm Nov 19, 2018 12:30pm
Quoting 9jatrader
Strong setup on the weekly on CADJPY is yet to complete its job- still waiting for breakout on the daily
Time for weekly middle band and daily lower band. Why the daily had been trapped on sideways is the weekly middle band. I hope both the daily finally closes well today, and I would be in
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,376
  • Nov 19, 2018 3:52pm Nov 19, 2018 3:52pm
How is going to play CADJPY and CADCHF for friday setup ?

are you long/short
  • #3,377
  • Nov 19, 2018 4:43pm Nov 19, 2018 4:43pm
Quoting swagat555
How is going to play CADJPY and CADCHF for friday setup ? are you long/short
Am short on CADCHF and long EURCAD. CADJPY setup too weak, otherwise I would have entered short position.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,378
  • Nov 20, 2018 8:28am Nov 20, 2018 8:28am
Quoting 9jatrader
{quote} Am short on CADCHF and long EURCAD. CADJPY setup too weak, otherwise I would have entered short position.
CADJPY making strong confirmation for the bears to come in.

Quoting 9jatrader
Strong setup on the weekly on CADJPY is yet to complete its job- still waiting for breakout on the daily
Now the chart of the CADJPY I have said something about sometime ago on the weekly.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpyf.png Size: 52 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,379
  • Nov 20, 2018 8:44am Nov 20, 2018 8:44am
When bearish candle forms completely outside the bands, the bulls have no option than to give up. Opposite is the case when bullish candle forms completely outside the band. In that case the bears have no other option than to give up
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,380
  • Nov 20, 2018 8:54am Nov 20, 2018 8:54am
Weekly middle band and daily lower band is adding more confirmation. I hope the daily closes well at the end of the day
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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