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Simple and profitable trading style

  • #3,901
  • Jan 19, 2019 11:38am Jan 19, 2019 11:38am
Quoting CannonScout
You trade AUD/NZD right? Any idea what the large dip was about? Thanks, sorry to distract.
Date and Time frame
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,902
  • Jan 19, 2019 11:45am Jan 19, 2019 11:45am
Quoting 9jatrader
{quote} Live account post: https://www.forexfactory.com/showthr...17602&page=163
Thanx for posting the link
  • #3,903
  • Jan 19, 2019 1:49pm Jan 19, 2019 1:49pm
Quoting 9jatrader
{quote} Date and Time frame
3rd Jan. Daily.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,904
  • Jan 20, 2019 1:54am Jan 20, 2019 1:54am
Hi 9jatrader !
Are you already in for USDCHF W/D TF Buy position?
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #3,905
  • Jan 20, 2019 4:09am Jan 20, 2019 4:09am
Quoting CannonScout
{quote} 3rd Jan. Daily.

https://www.forexfactory.com/news.php?do=news&id=864822
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,906
  • Jan 20, 2019 4:20am Jan 20, 2019 4:20am
Quoting drsa1970
Hi 9jatrader ! Are you already in for USDCHF W/D TF Buy position?
No. I missed it. 15th Jan would have been great early entry on 4hr and 1hr while monitoring the daily middle band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,907
  • Jan 20, 2019 4:24am Jan 20, 2019 4:24am
Am trying now to trade lower TF like 4hr, 30mins and 15mins for early entry, as long they are in line with the longer time frames ( either the beginning of trend or joining the trend )
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,908
  • Jan 20, 2019 6:36am Jan 20, 2019 6:36am
Quoting 9jatrader
Am trying now to trade lower TF like 4hr, 30mins and 15mins for early entry, as long they are in line with the longer time frames ( either the beginning of trend or joining the trend )
But I've noticed that sometimes lower or higher bands of lower TF are crossed earlier than SMA of higher TF , or sometimes that happens together and make it a bit difficult to get your position on time.
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #3,909
  • Jan 20, 2019 7:57am Jan 20, 2019 7:57am
Quoting drsa1970
{quote} But I've noticed that sometimes lower or higher bands of lower TF are crossed earlier than SMA of higher TF , or sometimes that happens together and make it a bit difficult to get your position on time.
Lower TF sometimes move in the opposite direction with the longer TF. What am practicing now is that when strong setup is made on the daily and I feel that the stop loss level would be too much for my account. I wait for shorter time frames to move in the same direction, above the SMA for long positions and below SMA for short positions
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,910
  • Jan 20, 2019 8:00am Jan 20, 2019 8:00am
I foresee my trading improving with this strategy, specially using small stop loss to maximize profit. The pain there is that it's really difficult sometimes to track shorter times frame, since am not professional trader yet and still keep my business.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,911
  • Jan 20, 2019 8:07am Jan 20, 2019 8:07am
Yesterday I shared a chart on CADJPY long. The strategy is that there was already strong setup on the weekly, right. Trading weekly weekly would be too stop loss account. So I have to use the daily middle band and 30 mins SMA- bullish candle above the SMA during bearish retracement on the 18th Jan
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,912
  • Jan 20, 2019 8:23am Jan 20, 2019 8:23am
Though I have been in short position on USDCAD, 30 mins made strong bearish confirmation of the Shooting Star
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,913
  • Jan 20, 2019 8:31am Jan 20, 2019 8:31am
If I have been able to use this method before now I would have been using 45 pips stop loss to track over 100 pips now on USDCHF long. I see better days ahead
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,914
  • Jan 20, 2019 4:12pm Jan 20, 2019 4:12pm
Quoting 9jatrader
Though I have been in short position on USDCAD, 30 mins made strong bearish confirmation of the Shooting Star
I finally joined the USDCAD bears, 30 mins
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,915
  • Jan 20, 2019 4:38pm Jan 20, 2019 4:38pm
The interesting thing about the shorter TF is that they complete retracement earlier than the longer TF.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,916
  • Jan 20, 2019 4:41pm Jan 20, 2019 4:41pm
Quoting 9jatrader
The interesting thing about the shorter TF is that they complete retracement earlier than the longer TF.
On USDCAD 30 mins, while the daily making some bullish retracement following strong bearish move, shorter TF already made bearish setup

Market would finally prove me either right or wrong
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,917
  • Jan 20, 2019 4:45pm Jan 20, 2019 4:45pm
Any way, am enjoin shorter TF signals now just because of small loss and high % gains
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,918
  • Jan 20, 2019 4:49pm Jan 20, 2019 4:49pm
Quoting 9jatrader
{quote} https://www.forexfactory.com/news.php?do=news&id=864822
Thanks. Wondered about that. Trading EUR/USD now, clear range it seems to me.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,919
  • Jan 20, 2019 4:55pm Jan 20, 2019 4:55pm
Quoting CannonScout
{quote} Thanks. Wondered about that. Trading EUR/USD now, clear range it seems to me.
I love the last bearish engulfing below SMA, 4hr on EURUSD. The bulls trying to retrace. If I catch the move after retracement I might join the bears again. I already exited my short before now
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #3,920
  • Jan 20, 2019 5:03pm Jan 20, 2019 5:03pm
Quoting 9jatrader
{quote} I love the last bearish engulfing below SMA, 4hr on EURUSD. The bulls trying to retrace. If I catch the move after retracement I might join the bears again. I already exited my short before now
Which SMA?
Humans are naturally hardwired to avoid and detest uncertainty.
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