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Simple and profitable trading style

  • #3,401
  • Nov 27, 2018 2:32am Nov 27, 2018 2:32am
Watch out on AUDNZD, 4hr
Make all mistakes in demo and rain in pips in live account
  • #3,402
  • Nov 27, 2018 4:04am Nov 27, 2018 4:04am
Quoting 9jatrader
Watch out on AUDNZD, 4hr
Nothing
Make all mistakes in demo and rain in pips in live account
  • #3,403
  • Nov 27, 2018 4:21am Nov 27, 2018 4:21am
Quoting 9jatrader
{quote} I do it on a very rare case. Since then I have not done scalping. I trade daily and so wait for candle to close at the end of the day before taking position. I wonder how the scalpers cope with the market on daily bases.
Same opinion, I think, scalping is really tough since they need to manage tremendous number of good points in everyday.
  • #3,404
  • Nov 27, 2018 8:32am Nov 27, 2018 8:32am
Quoting MariaEduard
{quote} Same opinion, I think, scalping is really tough since they need to manage tremendous number of good points in everyday.
Make all mistakes in demo and rain in pips in live account
  • #3,405
  • Nov 28, 2018 5:24pm Nov 28, 2018 5:24pm
Lovers of SMA, USDCHF has made strong short right below daily SMA. The great thing about the setup is that it was made during first reatracement.
I have shared similar analyses about how to follow existing or new trend, On this one- no chart, Forgive me and check your chart.
Make all mistakes in demo and rain in pips in live account
  • #3,406
  • Nov 28, 2018 5:29pm Nov 28, 2018 5:29pm
Please trade safe as no setup and analyses is fooproof
Make all mistakes in demo and rain in pips in live account
  • #3,407
  • Nov 28, 2018 5:29pm Nov 28, 2018 5:29pm
Good night
Make all mistakes in demo and rain in pips in live account
  • #3,408
  • Nov 28, 2018 5:36pm Nov 28, 2018 5:36pm
Quoting 9jatrader
About CADCHF, when Bullish candle forms outside the bands during downward move it draws in more bulls {image}

how do you pick your take profit and stop loss when situation like this happen ?
  • #3,409
  • Nov 28, 2018 5:38pm Nov 28, 2018 5:38pm
Quoting 9jatrader
{quote} CADJPY making strong confirmation for the bears to come in. {quote} Now the chart of the CADJPY I have said something about sometime ago on the weekly. {image}
you didnt mention where take profit and stop loss will placed inhere too....i really appreciate the good work you are doing.
  • #3,410
  • Nov 28, 2018 10:00pm Nov 28, 2018 10:00pm
Quoting dkarev
{quote} how do you pick your take profit and stop loss when situation like this happen ?

It could be for a quick take profit as the breakout was fresh. And so the bears are likely to advance again. I watch the movement around the Bollinger middle band as this pose stumbling block. You could see how it made 47 pips before the bears returned again. I adjust positions when need arises. About tp it's always below the low price of the bullish candle that made the setup. Sometimes I don't set take profit
Make all mistakes in demo and rain in pips in live account
  • #3,411
  • Nov 28, 2018 10:03pm Nov 28, 2018 10:03pm
Quoting dkarev
{quote} you didnt mention where take profit and stop loss will placed inhere too....i really appreciate the good work you are doing.
Most times I don't set take profit because I adjust my positions and run with profit even before it gets to tp . The setup is too strong- sometimes finding it difficult to break middle band. Am still holding on.
Make all mistakes in demo and rain in pips in live account
  • #3,412
  • Nov 28, 2018 10:40pm Nov 28, 2018 10:40pm
We could see how middle pose threat to ant setup. EURCAD short trade setup ( Strong bearish Engulfing ) was more than great setup. middle band intercepted it. No setup can be 100% trusted. And so mentors advise we keep the risk so low.
Make all mistakes in demo and rain in pips in live account
  • #3,413
  • Nov 28, 2018 10:44pm Nov 28, 2018 10:44pm
Forex remains a very risky business. When we enter setup, we don't know what market has for us next day or the following days.Sometimes when we take bigger lot because of the strong setup, that's when market proves the setup wrong and we end up in big loss and drawdowns. So bad Mother Forex
Make all mistakes in demo and rain in pips in live account
  • #3,414
  • Nov 28, 2018 10:50pm Nov 28, 2018 10:50pm
Quoting 9jatrader
But the weekly long trade setup on EURUSD remains strong
The weekly low price not broken yet. The strong Hammer remains valid. Having bullish body increases the bullish bias.
Make all mistakes in demo and rain in pips in live account
  • #3,415
  • Nov 29, 2018 1:32am Nov 29, 2018 1:32am
thanks for your quick reply, i will keep an eye on your thread to understand this strategy better before investing with it,personally i believe it working for you,so i guess i should give it a trial with you..am more focus on the break pattern and the opposite candle forming outside bollinger band
  • #3,416
  • Nov 29, 2018 7:21am Nov 29, 2018 7:21am
Quoting dkarev
thanks for your quick reply, i will keep an eye on your thread to understand this strategy better before investing with it,personally i believe it working for you,so i guess i should give it a trial with you..am more focus on the break pattern and the opposite candle forming outside bollinger band
Make all mistakes in demo and rain in pips in live account
  • #3,417
  • Nov 30, 2018 1:39pm Nov 30, 2018 1:39pm
Quoting 9jatrader
Am waiting for more confirmation on EURCAD short setup and CADCHF long setup. Don't skip the Fundamentals from the babypips I just shared and then you know why CAD going mad.
CADCHF returned again to where the strong Bearish Engulfing was formed. Another opportunity for bears to come in
Make all mistakes in demo and rain in pips in live account
  • #3,418
  • Nov 30, 2018 3:24pm Nov 30, 2018 3:24pm
Quoting 9jatrader
{quote} CADCHF returned again to where the strong Bearish Engulfing was formed. Another opportunity for bears to come in
Bollinger Middle band would, for now , pose a hindrance and barrier to the strong short trade setup. Anyway, I would be taking another short position before market closes- if it closes well as it's going now
Make all mistakes in demo and rain in pips in live account
  • #3,419
  • Nov 30, 2018 3:28pm Nov 30, 2018 3:28pm
Quoting 9jatrader
Lovers of SMA, USDCHF has made strong short right below daily SMA. The great thing about the setup is that it was made during first reatracement. I have shared similar analyses about how to follow existing or new trend, On this one- no chart, Forgive me and check your chart.

Two candles have gone against the setup, still being intercepted again by broken support and SMA
Make all mistakes in demo and rain in pips in live account
  • #3,420
  • Dec 1, 2018 7:41am Dec 1, 2018 7:41am
R.I.P H.W. Bush
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Make all mistakes in demo and rain in pips in live account
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