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Simple and profitable trading style

  • #3,861
  • Jan 16, 2019 6:00am Jan 16, 2019 6:00am
Quoting 9jatrader
{quote} Wow. 4hr, yes. It's a great setup with SMA
Here was the beginning and reason for entry after checking it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,862
  • Jan 16, 2019 6:14am Jan 16, 2019 6:14am
I wanted to hedge my NZDCAD long I got in not long ago. But checking the weekly Hammer right above the SMA made me to change my mind. NZDCAD going strongly against me for now, yet still valid on the weekly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,864
  • Jan 16, 2019 6:17am Jan 16, 2019 6:17am
The Hammer having bullish body increases the bullish bias, though nothing is certain in Forex. the only thing certain is Uncertainty
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,865
  • Jan 16, 2019 6:24am Jan 16, 2019 6:24am
Quoting rayeesdar
Hidden
Maybe Big Twee would transfer you to commercial member
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,866
  • Jan 16, 2019 11:40am Jan 16, 2019 11:40am
So far I understand to trade with a daily chart the SL is huge, about 100 pips! I wonder how people trade with such a huge SL!!
  • #3,867
  • Jan 16, 2019 11:50am Jan 16, 2019 11:50am
Quoting 9jatrader
I wanted to hedge my NZDCAD long I got in not long ago. But checking the weekly Hammer right above the SMA made me to change my mind. NZDCAD going strongly against me for now, yet still valid on the weekly
NZDCAD see monthly candle.
  • #3,868
  • Jan 16, 2019 11:59am Jan 16, 2019 11:59am
For God's sake never hedge. I have paid a high price for it. Even lost 1 months profit. Use stop loss for trading (that you can afford to lose). At any moment there can be a SL. Nobody knows it when!
  • #3,869
  • Jan 16, 2019 12:14pm Jan 16, 2019 12:14pm
Quoting ferojh
{quote} NZDCAD see monthly candle.
It takes long time for monthly to obey
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,870
  • Jan 16, 2019 2:05pm Jan 16, 2019 2:05pm
Quoting 9jatrader
{quote} Thanks again, @drsa. You made me to check the 4hr and still moving down. That's the importance of sharing. I used better lot size in catching
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #3,871
  • Jan 17, 2019 5:53am Jan 17, 2019 5:53am
Quoting salimc
For God's sake never hedge. I have paid a high price for it. Even lost 1 months profit. Use stop loss for trading (that you can afford to lose). At any moment there can be a SL. Nobody knows it when!
Hello 9jatrader,
How do you manage your SL in Daily TF ?
  • #3,872
  • Jan 17, 2019 9:21am Jan 17, 2019 9:21am
Quoting salimc
{quote} Hello 9jatrader, How do you manage your SL in Daily TF ?
Little below the last candle that formed the setup,for long position. Opposite the case for short position- little above the high price
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,873
  • Jan 17, 2019 9:23am Jan 17, 2019 9:23am
When the candlestick is too big for risk appetite, i would skip it and wait for continuation setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,874
  • Jan 17, 2019 10:11am Jan 17, 2019 10:11am
I caught the EURGBP short and GBPCHF long
https://www.forexfactory.com/news.ph...0#post11893849

Post #76
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,875
  • Jan 17, 2019 10:40am Jan 17, 2019 10:40am
Quoting 9jatrader
{quote} Caught CADCHF long 4hr closed bullish candle, following retracement. My second CADCHF long
Forming continuation right above SMA again. Not closed the previous yet
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,876
  • Jan 17, 2019 10:44am Jan 17, 2019 10:44am
Quoting 9jatrader
{quote} Caught CADCHF long 15 mins closed bullish candle, following retracement. My second CADCHF long
Forming continuation right above SMA again. Not closed the previous yet
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,877
  • Jan 17, 2019 11:09am Jan 17, 2019 11:09am
Quoting 9jatrader
{quote} Little below the last candle that formed the setup,for long position. Opposite the case for short position- little above the high price
min 80-90 pips, right?
  • #3,878
  • Jan 17, 2019 11:50am Jan 17, 2019 11:50am
Quoting salimc
{quote} min 80-90 pips, right?
It doesn't depend on me, but the size of the candle. I do not have specific amount of sl level. Candle size determines that. when the candle too big I skip it and wait for continuation after retracement.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,879
  • Edited 12:16pm Jan 17, 2019 11:59am | Edited 12:16pm
Quoting salimc
{quote} min 80-90 pips, right?
For short time frames we could get as low as that, even lower value
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,880
  • Jan 17, 2019 12:15pm Jan 17, 2019 12:15pm
Quoting 9jatrader
{quote} For shot time frames we could get as low as that, even lower value
Are you still in Demo?
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