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Simple and profitable trading style

  • #3,721
  • Jan 4, 2019 7:46am Jan 4, 2019 7:46am
Quoting 9jatrader
Trying to map out scalping method on today's US NFP report. It has to do with Pending order From what we can see from out charts today, CAD and AUD have been having great day, whereas CHF is having bad day across the boards. In anticipation of weak report: "Sell Stop Orders below the low price on USDCAD or above the high price of AUDUSD. I would having "Buy Stop order" above the high price of USDCHF
OMG. Brokers would not allow this strategy to work. Bad strategy . I entered USDCHF long, and AUDUSD short so that whether weak or strong the USD and CAD I would reap. And so entered CADCHF long and AUDCAD short . Guess what happened. Price did not even get to USDCHF and CADCHF, the order already triggered and commission higher than normal.

PLEASE DON'T TRY THIS AT HOME
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,722
  • Jan 4, 2019 7:54am Jan 4, 2019 7:54am
Quoting 9jatrader
{quote} OMG. Brokers would not allow this strategy to work. Bad strategy . I entered USDCHF long, and AUDUSD short so that whether weak or strong the USD and CAD I would reap. And so entered CADCHF long and AUDCAD short . Guess what happened. Price did not even get to USDCHF and CADCHF, the order already triggered and commission higher than normal. PLEASE DON'T TRY THIS AT HOME
The duo, USDCHF long and CADCHF long working. The negative thing is the slippage. I would continue to practice it until I get it even with slippage.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,723
  • Jan 4, 2019 12:17pm Jan 4, 2019 12:17pm
Quoting 9jatrader
I wish to say again that reversal sometimes really difficult to trade. What I have observed and noticed is that trading continuation using SMA is so easier for me. So scared now in taking reversal signal.
Some pairs are retracing, waiting for SMA based signal on continuation. Stay tuned
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,724
  • Jan 4, 2019 1:04pm Jan 4, 2019 1:04pm
Quoting 9jatrader
{quote} The duo, USDCHF long and CADCHF long working. The negative thing is the slippage. I would continue to practice it until I get it even with slippage.
i beleive you own this stratey but from my understandin so far on your thread, i dont see reason why i will long usd.chf and cadchf,though have being short on usdchf since on the 31 of dec 2018 and am still holding out my position base on weekly and daily band..
  • #3,725
  • Jan 5, 2019 3:38am Jan 5, 2019 3:38am
Quoting dkarev
{quote} i beleive you own this stratey but from my understandin so far on your thread, i dont see reason why i will long usd.chf and cadchf,though have being short on usdchf since on the 31 of dec 2018 and am still holding out my position base on weekly and daily band..
Just used the to practice scalping news
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,726
  • Jan 5, 2019 7:05am Jan 5, 2019 7:05am
USDCAD had made strong weekly Bearish Engulfing Pattern. I would join the bears after daily bullish retracement. Happy weekend
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,727
  • Jan 6, 2019 9:06am Jan 6, 2019 9:06am
My AUDNZD long was a victim of this week's flash crash. After the sl was triggered it has made good setup both of the weekly and daily

On the daily, it was able to close above the SMA, middle band and also on daily middle band and 4hr upper band signal.

It was also able to close above the 1.050 resistance level
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,728
  • Jan 6, 2019 9:19am Jan 6, 2019 9:19am
NZDUSD remains also in focus based on the weekly- Hammer above SMA during first time after touching the upper band retracement.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,729
  • Jan 6, 2019 9:25am Jan 6, 2019 9:25am
Quoting 9jatrader
NZDUSD remains also in focus based on the weekly- Hammer above SMA during first time after touching the upper band retracement.
Just found that am already long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,730
  • Jan 6, 2019 8:34pm Jan 6, 2019 8:34pm
Quoting 9jatrader
{quote} Just found that am already long
Hi 9jatrader,

Thank you for you contribution to this interesting strategy. I really wanna try it out. Would you mind telling me that what is your monthly percentage return by using this bracket of strategies?

Thank you!

Neo
  • #3,731
  • Jan 7, 2019 12:37am Jan 7, 2019 12:37am
Quoting neothegreat
{quote} Hi 9jatrader, Thank you for you contribution to this interesting strategy. I really wanna try it out. Would you mind telling me that what is your monthly percentage return by using this bracket of strategies? Thank you! Neo
I was not taught to focus on monthly returns. But on strategy and good setup. Double or triple your account and then withdraw your initial capital and then continue to trade with your profit. That was all I was taught. Thank you for joining us here
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,732
  • Jan 7, 2019 12:53am Jan 7, 2019 12:53am
Quoting 9jatrader
{quote} I was not taught to focus on monthly returns. But on strategy and good setup. Double or triple your account and then withdraw your initial capital and then continue to trade with your profit. That was all I was taught. Thank you for joining us here
Thanks a lot! Wish you a lot of green pips!
  • #3,733
  • Jan 7, 2019 12:59pm Jan 7, 2019 12:59pm
Quoting neothegreat
{quote} Thanks a lot! Wish you a lot of green pips!
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,734
  • Jan 8, 2019 6:34am Jan 8, 2019 6:34am
USDCAD just escape from me. Am waiting for bullish retracement and SMA-based continuation setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,735
  • Jan 8, 2019 8:14am Jan 8, 2019 8:14am
Joined the NZDCHF continuation right below SMA, daily. Am late and so have to use sell stop order. This is the second position on the pair
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,736
  • Jan 8, 2019 8:19am Jan 8, 2019 8:19am
I caught the EURNZD above the SMA using buy stop order, but missed the GBPNZD above SMA
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,737
  • Jan 8, 2019 8:20am Jan 8, 2019 8:20am
Am watching the continuation on NZDUSD short on the daily.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,738
  • Jan 8, 2019 8:22am Jan 8, 2019 8:22am
As I have said before now, continuation is much easier to trade than reversal
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,739
  • Jan 8, 2019 10:10am Jan 8, 2019 10:10am
EURGBP consolidating. It's a pair worth waiting for. I hope to trap the movement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
  • #3,740
  • Jan 8, 2019 11:42am Jan 8, 2019 11:42am
Quoting 9jatrader
EURGBP consolidating. It's a pair worth waiting for. I hope to trap the movement
Strong Hammer is being formed right above broken resistance level, 0.89392, now acting as support and above Bollinger lower band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.1%
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