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NZD/JPY, USD/JPY

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Simple and profitable trading style

  • #3,441
  • Dec 3, 2018 10:31pm Dec 3, 2018 10:31pm
Quoting 9jatrader
{quote} If EURAUD closes as it's going, it's going to draw in more bulls. If you trade using Bollinger Bands you would observe that the current candle is being formed completely outside the Bands. Candles cannot continue to be outside the bands. More bullish ahead on EURAUD
i agree with you on EURAUD but why not include AUDJPY and AUDUSD ?
  • #3,442
  • Dec 3, 2018 11:02pm Dec 3, 2018 11:02pm
Quoting dkarev
{quote} what will be the take profit for this pair ?
There is no perfect level for take profit. Keep eyes on support and resistance levels for take profit. The take profit could be 0.76623 from where it previously crashed. Sometime some reverse signals are made even before our take profit and so we don't need to still keep the positions open, but to run with profits. Keep eyes of the charts.
Make all mistakes in demo and rain in pips in live account
  • #3,443
  • Dec 3, 2018 11:04pm Dec 3, 2018 11:04pm
Quoting dkarev
{quote} i agree with you on EURAUD but why not include AUDJPY and AUDUSD ?
Am already long on EURUSD and short USDCHF. That would affect AUDUSD short. You're correct
Make all mistakes in demo and rain in pips in live account
  • #3,444
  • Dec 3, 2018 11:31pm Dec 3, 2018 11:31pm
Keeping eyes on USDJPY daily middle band and 4hr lower band. Thirty minutes to the end of 4hr close
Make all mistakes in demo and rain in pips in live account
  • #3,445
  • Dec 4, 2018 2:47pm Dec 4, 2018 2:47pm
Just caught USDCAD long on the daily; hope to exit early,possibly weekend
Make all mistakes in demo and rain in pips in live account
  • #3,446
  • Dec 4, 2018 2:52pm Dec 4, 2018 2:52pm
Though we still have more than 1hr to the end of today's market close the pair on the radar are AUDJPY and NZDJPY short trade setup
Make all mistakes in demo and rain in pips in live account
  • #3,447
  • Edited 11:17pm Dec 4, 2018 3:08pm | Edited 11:17pm
Quoting 9jatrader
Just caught USDCAD long on the daily; hope to exit early,possibly weekend
Each time we stay and spend some time with our charts some pieces information keeps coming up even if we have been trading for so long. The reason for getting into the USDCAD is that when market trends (in the case uptrend) if price breaks strongly below the SMA/middle band and the next candle breaks strongly above either of the duos there is higher probability of being bullish again.
Make all mistakes in demo and rain in pips in live account
  • #3,448
  • Dec 4, 2018 3:09pm Dec 4, 2018 3:09pm
No strategy is "Foolproof". Just trying to test this after backchecking old price movement
Make all mistakes in demo and rain in pips in live account
  • #3,449
  • Dec 4, 2018 3:17pm Dec 4, 2018 3:17pm
[quote=9jatrader;11766797]{quote} Each time we stay and spend some time with our charts some many pieces information of keeps coming up even if we have been trading for so long. The reason for getting into the USDCAD is that when market trends (in the case uptrend) if price breaks strongly below the SMA/middle band and the next candle breaks strongly above either of the duos there is higher probability of being bullish again.[/quotec

Opposite is the case for downtrend
Make all mistakes in demo and rain in pips in live account
  • #3,450
  • Dec 5, 2018 4:21am Dec 5, 2018 4:21am
GBPUSD on the radar. It has come to critical level, 1.26844 support. It would be a break or bend .
Make all mistakes in demo and rain in pips in live account
  • #3,451
  • Dec 5, 2018 4:26am Dec 5, 2018 4:26am
But as it is now as I type it's forming strong Hammer right above the level. The great thing for now is that the Hammer is having Bullish body. This would probably increase the bullish bias. How the market would finally close at the end of the day, no one knows
Make all mistakes in demo and rain in pips in live account
  • #3,452
  • Dec 5, 2018 4:27am Dec 5, 2018 4:27am
Quoting 9jatrader
Just caught USDCAD long on the daily; hope to exit early,possibly weekend
This did not fail
Make all mistakes in demo and rain in pips in live account
  • #3,453
  • Dec 5, 2018 4:29am Dec 5, 2018 4:29am
Quoting 9jatrader
Though we still have more than 1hr to the end of today's market close the pair on the radar are AUDJPY and NZDJPY short trade setup
I finally got in, but AUDJPY performing more
Make all mistakes in demo and rain in pips in live account
  • #3,454
  • Dec 5, 2018 4:32am Dec 5, 2018 4:32am
Quoting 9jatrader
{quote} If EURAUD closes as it's going, it's going to draw in more bulls. If you trade using Bollinger Bands you would observe that the current candle is being formed completely outside the Bands. Candles cannot continue to be outside the bands. More bullish ahead on EURAUD
We could see what I mean now on EURAUD. The bullish candle formed outside the band is making it up, up,up.
Make all mistakes in demo and rain in pips in live account
  • #3,455
  • Dec 5, 2018 4:40am Dec 5, 2018 4:40am
Quoting 9jatrader
Waiting for GBPAUD and GBPNZD
Waiting for one candle above the broken resistance. The previous support breakout was possibly a "Fakeout". Waiting for one more candle gives rest of mind, otherwise the resistance breakout could be "Fakeout" also. Check your charts. Just as I said in the past I used to be an aggressive breakout trader. And have been ambushed over and over by "Fakeout". If I had got in during the support breakout on GBPAUD I would have been ambushed again. As I said I remain a Conservative breakout trader now- waiting for one bullish candle above the broken resistance on GBPAUD
Make all mistakes in demo and rain in pips in live account
  • #3,456
  • Dec 5, 2018 4:52am Dec 5, 2018 4:52am
I missed AUDUSD entry. Hope to follow up with daily middle band and 4hr lower band
Make all mistakes in demo and rain in pips in live account
  • #3,457
  • Dec 5, 2018 4:53am Dec 5, 2018 4:53am
I was distracted by AUDJPY and NZDJPY
Make all mistakes in demo and rain in pips in live account
  • #3,458
  • Dec 5, 2018 7:55am Dec 5, 2018 7:55am
I am a new trader and have been following this strategy. Thank you for the trader who is trying to help us. I know this can be very frustrating so far. Last night I opened a trade on AUD/NZD following the rules. Maybe someone can see the setup now and maybe get in with me and offer some tips! I do know that the pair is just above major support of the 1.05, but to me it looks like it may be broken!
  • #3,459
  • Dec 5, 2018 8:22am Dec 5, 2018 8:22am
Quoting tryin2win
I am a new trader and have been following this strategy. Thank you for the trader who is trying to help us. I know this can be very frustrating so far. Last night I opened a trade on AUD/NZD following the rules. Maybe someone can see the setup now and maybe get in with me and offer some tips! I do know that the pair is just above major support of the 1.05, but to me it looks like it may be broken!
It's currently near key support as you have said. The support was where the strong uptrend started. The downtrend had been moving for so long. Where/when possible move your sl
Make all mistakes in demo and rain in pips in live account
  • #3,460
  • Dec 5, 2018 8:29am Dec 5, 2018 8:29am
Quoting 9jatrader
{quote} Each time we stay and spend some time with our charts some pieces information keeps coming up even if we have been trading for so long. The reason for getting into the USDCAD is that when market trends (in the case uptrend) if price breaks strongly below the SMA/middle band and the next candle breaks strongly above either of the duos there is higher probability of being bullish again.
Less than one hour CAD would rock market with interest rate
Make all mistakes in demo and rain in pips in live account
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