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Simple and profitable trading style

  • #3,461
  • Dec 5, 2018 8:32am Dec 5, 2018 8:32am
CAD already bearish
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,462
  • Dec 5, 2018 9:13am Dec 5, 2018 9:13am
Quoting 9jatrader
Just caught USDCAD long on the daily; hope to exit early,possibly weekend
90 pips easily triggered

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.
Here was the reason for joining the bulls. Great move
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,463
  • Dec 5, 2018 12:07pm Dec 5, 2018 12:07pm
Ahh!! Okay NinjaTrader! I put the profit right before the support and now on the earlier time frames it is moving against me. I guess maybe I should just see what happens from here! It looks bearish... like extremely bearish on the daily and weekly time frames but as you said... it can’t go down much further because it is at a major support line. It could be trending up as I type this!
  • #3,464
  • Dec 5, 2018 1:31pm Dec 5, 2018 1:31pm
Quoting 9jatrader
{quote} 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...
Can't wait for more candle. Am already bullish on GBPAUD
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,465
  • Dec 5, 2018 1:32pm Dec 5, 2018 1:32pm
Quoting tryin2win
Ahh!! Okay NinjaTrader! I put the profit right before the support and now on the earlier time frames it is moving against me. I guess maybe I should just see what happens from here! It looks bearish... like extremely bearish on the daily and weekly time frames but as you said... it can’t go down much further because it is at a major support line. It could be trending up as I type this!
I wish good luck
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,466
  • Dec 5, 2018 7:34pm Dec 5, 2018 7:34pm
Ninja Trader,
Im using this strategy from now on and will never trade anything but a daily and weekly chart now. I’m in the United States and the market closes on Friday at 5pm as you know. So if I’m looking at a strong setup on the charts on a Thursday or Friday, would it be okay to trade over the weekend, or do you think it would be better to find my trades on Monday’s and let them run till Friday and close them?
  • #3,467
  • Dec 5, 2018 8:34pm Dec 5, 2018 8:34pm
Also.. I went long on Eur/Cad today which looks like the beginning of a huge daily and weekly trend to me! I’m a beginner but it is in the beginning stages of a uptrend that met all of the conditions on the Bollinger Bands on the default settings! As of this message I’m up like 25 pips! Check it out if you get the chance and see what you think!
  • #3,468
  • Dec 5, 2018 11:20pm Dec 5, 2018 11:20pm
Quoting tryin2win
Ninja Trader, Im using this strategy from now on and will never trade anything but a daily and weekly chart now. I’m in the United States and the market closes on Friday at 5pm as you know. So if I’m looking at a strong setup on the charts on a Thursday or Friday, would it be okay to trade over the weekend, or do you think it would be better to find my trades on Monday’s and let them run till Friday and close them?

I you trade the daily and longer time frames, there is no trading day you should not look for setup. Even when setup is made on Friday you can get in some minutes before market close. About closing of trades there is no particular day to close trades until there is a reversal signal that may threaten your earlier position.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,469
  • Dec 5, 2018 11:27pm Dec 5, 2018 11:27pm
Quoting tryin2win
Also.. I went long on Eur/Cad today which looks like the beginning of a huge daily and weekly trend to me! I’m a beginner but it is in the beginning stages of a uptrend that met all of the conditions on the Bollinger Bands on the default settings! As of this message I’m up like 25 pips! Check it out if you get the chance and see what you think!
Am also long in EURCAD and short in CADCHF. I lost in the earlier positions on EURCAD short and CADCHF long. Am on the opposite of their earlier entry
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,470
  • Dec 5, 2018 11:34pm Dec 5, 2018 11:34pm
I did not lost completely on my CADJPY short. Before the CAD interest rate I hedged ( by scalping )the position with USDCAD long. I lost 103 pips on CADJPY and gained 60 pips on USDCAD.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,471
  • Dec 6, 2018 12:26pm Dec 6, 2018 12:26pm
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
340 pips up for now. This is what happens when Bullish candle forms completely outside Bollinger Bands
Attached Image (click to enlarge)
Click to Enlarge Name: euraudr.png Size: 43 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,472
  • Dec 6, 2018 12:31pm Dec 6, 2018 12:31pm
As I have said earlier also when Bearish candle forms outside the bands during the uptrend the bulls have no option than to give in to the bears. You would see the current movement on AUDUSD short.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,473
  • Dec 6, 2018 12:37pm Dec 6, 2018 12:37pm
The pair on the radar is AUDNZD. Candle is currently being formed outside the band, though bearish candle. The good thing is that it's being formed around strong support, 1.05085. If I were to join the bulls I would use a "Buy Stop Order" little above the the high price of the current bearish candle

Am not in anyway advising the bears to close their positions- just analyzing market/price.

Alternatively, I would wait for one more candle ( Bullish candle ) inside the bands
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,474
  • Dec 6, 2018 12:50pm Dec 6, 2018 12:50pm
Quoting 9jatrader
As I have said earlier also when Bearish candle forms outside the bands during the uptrend the bulls have no option than to give in to the bears. You would see the current movement on AUDUSD short.
AUDUSD has not touch lower bb on d1 tf, so we wait until it touxh and how to know where to place sell stop?
lose, then you learn how to win.
  • #3,475
  • Dec 6, 2018 12:52pm Dec 6, 2018 12:52pm
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
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,476
  • Dec 6, 2018 12:54pm Dec 6, 2018 12:54pm
Quoting 9jatrader
The pair on the radar is AUDNZD. Candle is currently being formed outside the band, though bearish candle. The good thing is that it's being formed around strong support, 1.05085. If I were to join the bulls I would use a "Buy Stop Order" little above the the high price of the current bearish candle Am not in anyway advising the bears to close their positions- just analyzing market/price. Alternatively, I would wait for one more candle ( Bullish candle ) inside the bands
Join the bull because it touch strong resistance??
lose, then you learn how to win.
  • #3,477
  • Dec 6, 2018 12:54pm Dec 6, 2018 12:54pm
Quoting 9jatrader
GBPUSD on the radar. It has come to critical level, 1.26844 support. It would be a break or bend .
Bullish candle is being formed above it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,478
  • Dec 6, 2018 1:01pm Dec 6, 2018 1:01pm
Quoting 9jatrader
{quote} Can't wait for more candle. Am already bullish on GBPAUD
145 pips for now
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,479
  • Dec 6, 2018 1:11pm Dec 6, 2018 1:11pm
Another movement when bearish candle forms outside the bands.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyf.png Size: 50 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
  • #3,480
  • Dec 6, 2018 1:14pm Dec 6, 2018 1:14pm
140 pips for now. I think these charts uploaded today are enough, in case I don't upload on this strategy- candle forms outside the bands
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -47.8%
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