Simple and profitable trading style | Page 201 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

NZD/JPY, USD/JPY

Similar Threads

Trading Made Very Simple and Profitable instructions 33 replies

The right thinking of the profitable trading in 3 simple steps. 14 replies

Indonesian Trader style - make trading simple 1 reply

Your consistently profitable trading style 37 replies

Gio's simple profitable trading quest 6 replies

Attachments: Simple and profitable trading style
Exit Attachments

Simple and profitable trading style

  • #4,001
  • Jan 27, 2019 4:18pm Jan 27, 2019 4:18pm
USDCAD short trade setup now is as sexy as your new found love
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,002
  • Jan 27, 2019 4:33pm Jan 27, 2019 4:33pm
Quoting 9jatrader
{quote} I learned a bitter lesson for not waiting for the daily candle to close above the middle band with this strategy. It only closed above the SMA only on 22nd Jan. what happened next? Middle band intercepted it on 23rd and 24th and the last candle formed strong bearish engulfing right below both the SMA and Middle Band. I was ambushed on the long positions because of my impatience and also against the trend

Failure to allow the bullish candle to close above the daily middle band also gets me trapped on the CHFJPY long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,003
  • Jan 27, 2019 4:35pm Jan 27, 2019 4:35pm
That's the importance of having trade journal and reviewing your trades
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,004
  • Jan 27, 2019 4:57pm Jan 27, 2019 4:57pm
Quoting 9jatrader
USDCAD short trade setup now is as sexy as your new found love
I'm waiting for a test in the big volume (poc) and then short
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 124 KB
  • #4,005
  • Jan 27, 2019 5:19pm Jan 27, 2019 5:19pm
Quoting kette
{quote} I'm waiting for a test in the big volume (poc) and then short {image}
Am already ahead now. Entered short daily
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,006
  • Jan 27, 2019 5:29pm Jan 27, 2019 5:29pm
ok
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 152 KB
  • #4,007
  • Jan 27, 2019 5:47pm Jan 27, 2019 5:47pm
Quoting kette
audjpy am on your side {image}

I will be waiting on 1hr above the SMA
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,008
  • Jan 27, 2019 5:54pm Jan 27, 2019 5:54pm
Quoting 9jatrader
{quote} I will be waiting on 1hr above the SMA
if I may ask which sma you use
100,50,200,25
  • #4,009
  • Jan 27, 2019 6:03pm Jan 27, 2019 6:03pm
Quoting kette
{quote} if I may ask which sma you use 100,50,200,25
SMA, Period 14; shift: 0
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,010
  • Jan 27, 2019 6:09pm Jan 27, 2019 6:09pm
danke
  • #4,011
  • Jan 27, 2019 6:40pm Jan 27, 2019 6:40pm
Quoting kette
danke
danke gleichfalls
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,012
  • Jan 27, 2019 6:50pm Jan 27, 2019 6:50pm
Moved my GBP long positions sl before I sleep. Trapped some profits
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,013
  • Jan 27, 2019 6:59pm Jan 27, 2019 6:59pm
I hope I don't miss the( AUDJPY long, and EURJPY long) 1hr before I wake up
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,014
  • Jan 27, 2019 9:44pm Jan 27, 2019 9:44pm
Quoting 9jatrader
I hope I don't miss the( AUDJPY long, and EURJPY long) 1hr before I wake up
i miss this pairing this morning ...huhu
Know The Presence Of The Market
  • #4,015
  • Jan 27, 2019 11:30pm Jan 27, 2019 11:30pm
Quoting jesxrussel
{quote} i miss this pairing this morning ...huhu
Caught it though few pips late above the SMA
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,016
  • Jan 27, 2019 11:43pm Jan 27, 2019 11:43pm
No clear signal on EURJPY
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,017
  • Jan 28, 2019 1:37am Jan 28, 2019 1:37am
Quoting 9jatrader
{quote} I learned a bitter lesson for not waiting for the daily candle to close above the middle band with this strategy. It only closed above the SMA only on 22nd Jan. what happened next? Middle band intercepted it on 23rd and 24th and the last candle formed strong bearish engulfing right below both the SMA and Middle Band. I was ambushed in the long positions because of my impatience and also against the trend
In fact trading with Daily candle is not for everybody. It requires a different attitude. Anyway can you upload the chart that you are referring to (marking the exit and entry)?
  • #4,018
  • Jan 28, 2019 1:43am Jan 28, 2019 1:43am
Quoting kette
{quote} I'm waiting for a test in the big volume (poc) and then short {image}
At present, its momentum is exhausted.
  • #4,019
  • Jan 28, 2019 1:48am Jan 28, 2019 1:48am
Quoting salimc
{quote} In fact trading with Daily candle is not for everybody. It requires a different attitude. Anyway can you upload the chart that you are referring to (marking the exit and entry)?

Here is the chart where the middle band intercepted it and formed reverse strong signal

I was not only impatient and overconfidence, but was trying to scalp against the existing trend
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadff.png Size: 38 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,020
  • Jan 28, 2019 1:51am Jan 28, 2019 1:51am
Am already short now. Hope to ride down the trend.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
3 traders viewing now