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Simple and profitable trading style

  • #4,241
  • Mar 6, 2019 12:30am Mar 6, 2019 12:30am
Sideways movement informs us either to get out or move sl if it's in our favour. I close my long position yesterday
Make all mistakes in demo and rain in pips in live account
  • #4,242
  • Mar 6, 2019 12:32am Mar 6, 2019 12:32am
Quoting 9jatrader
USDJPY 4hr is moving sideways at the moment following uptrend
Watch out on the breakout
Make all mistakes in demo and rain in pips in live account
  • #4,243
  • Mar 6, 2019 4:37am Mar 6, 2019 4:37am
How many percent 3 methods were successful for traders?
  • #4,244
  • Mar 6, 2019 5:22am Mar 6, 2019 5:22am
The simple and profitable trading style is learning money management.İt won't be profitable without managing money properly.

First minimum risk taking is important for example if your balance is 1.000 you shouldn't open bigger positions than 0.10 lots.

Secondly analyze good the pair, cfd, etc whatever you are considering to invest.(you can read professional technical analysis)

Finally, you have to wait patiently till your positions hit the target.(do not stress,do not think how much money you loose just wait the target)

Remember what Warren Buffet says "The stock market is a device for transferring money from the impatient to the patient."
  • #4,245
  • Mar 6, 2019 9:00am Mar 6, 2019 9:00am
Quoting 9jatrader
When weekly is strongly closing/has closed above the Bollinger Middle Band and at the same time a bullish candle candles closes above Upper Band, then there is the opportunity to start bullish trade. Reverse is the case with bearish trading. For bearish trading, when candle closes/has closed below Middle band on the weekly and first candle that closes below Lower Band on the daily shows that bearish movement has started.
When the new week starts, you rely on the candle last Friday to enter the order on Monday or you wait for the end of Monday's candle, then enter the order on Tuesday?
  • #4,246
  • Mar 6, 2019 12:29pm Mar 6, 2019 12:29pm
Quoting Copltt
{quote} When the new week starts, you rely on the candle last Friday to enter the order on Monday or you wait for the end of Monday's candle, then enter the order on Tuesday?
If the daily closes on Friday I can get in before market close on Friday
Make all mistakes in demo and rain in pips in live account
  • #4,247
  • Mar 6, 2019 12:34pm Mar 6, 2019 12:34pm
Quoting 9jatrader
{quote} Still on the daily, CADJPY strong Shooting Star right below broken consolidation support, 84.676 which is acting now as resistance
CADJPY finally crossing the middle band and SMA daily
Make all mistakes in demo and rain in pips in live account
  • #4,248
  • Mar 6, 2019 1:07pm Mar 6, 2019 1:07pm
Quoting 9jatrader
EURNZD and EURAUD seem ready to breakout of ranging. Strongly bullish above both the SMA and Middle Band
EURCAD weekly middle band/SMA and daily upper band
Make all mistakes in demo and rain in pips in live account
  • #4,249
  • Mar 7, 2019 2:11am Mar 7, 2019 2:11am
CADCHF( 4hr )formed bullish outside Bollinger Bands during downtrend. This would draw in more bulls
Make all mistakes in demo and rain in pips in live account
  • #4,250
  • Mar 7, 2019 5:51am Mar 7, 2019 5:51am
Quoting 9jatrader
{quote} If the daily closes on Friday I can get in before market close on Friday
very smart. But the next week gap may not be in your favor. You can't be sure about that.
  • #4,251
  • Mar 8, 2019 3:57am Mar 8, 2019 3:57am
Quoting 9jatrader
{quote} If the daily closes on Friday I can get in before market close on Friday
Thank you. Where do you put stop loss and profit?
  • #4,252
  • Mar 8, 2019 5:40am Mar 8, 2019 5:40am
Quoting Copltt
{quote} Thank you. Where do you put stop loss and profit?
Depends on the account size. If the account has gone far and I can trade weekly chart, I place the sl little below the low price of the weekly candle that broke/breaking above the middle band ( for long trade ) and above the weekly high of the candle that broke/breaking below the middle band ( for short trade ). If the account is too small use the daily candle
Make all mistakes in demo and rain in pips in live account
  • #4,253
  • Mar 8, 2019 5:47am Mar 8, 2019 5:47am
Don't take this strategy or any other strategies to live account until you have done enough backtesting in demo account. This would enable you see the good and bad side of the strategy
Make all mistakes in demo and rain in pips in live account
  • #4,254
  • Mar 8, 2019 5:49am Mar 8, 2019 5:49am
Trading smaller TF has been wonderful. I was taught how to trade daily and weekly. But my account is too small and had receiving great injury trading daily.
Make all mistakes in demo and rain in pips in live account
  • #4,255
  • Mar 8, 2019 5:53am Mar 8, 2019 5:53am
But trading smaller Tf seems more stressful as I have to look at charts more often than when I trade the daily and weekly. This is because many a time price reverse before hitting my SL. And so have to be on ground in case of reversal and then close my positions
Make all mistakes in demo and rain in pips in live account
  • #4,256
  • Mar 8, 2019 5:54am Mar 8, 2019 5:54am
Quoting 9jatrader
{quote} Still on the daily, CADJPY strong Shooting Star right below broken consolidation support, 84.676 which is acting now as resistance
CADJPY doing more than great
Make all mistakes in demo and rain in pips in live account
  • #4,257
  • Mar 8, 2019 8:09am Mar 8, 2019 8:09am
Quoting 9jatrader
{quote} CADJPY doing more than great
Am out, 157 pips
Make all mistakes in demo and rain in pips in live account
  • #4,258
  • Mar 8, 2019 10:00am Mar 8, 2019 10:00am
I do like the bollinger bands as a tool to be used. When price tends to move away from the midline it always tends to find it's way back... daily, hourly,15m,5, etc...
the real interesting part about Bollinger bands is being able to catch the breakouts of them.
  • #4,259
  • Mar 9, 2019 5:01am Mar 9, 2019 5:01am
Quoting 9jatrader
First and fore most am not introducing any indicator or Holy Grail in trading. Am introducing a possible where and how you can catch a strong trend- for those who love trending market. Trending market is really easy to trade when you are able to catch the trend at the beginning. I have been backtesting this strategy for a quite a while now, with "Seven" platforms. This is to avoid overtrading by placing all the pairs that met the entry point on one platform. I skipped some also, though I have them in my journal as if I took them. Overtrading would...
Thaanks a lot! It helped a lot! Incredible excellent style!
  • #4,260
  • Mar 9, 2019 9:29am Mar 9, 2019 9:29am
Quoting CryptoMania
{quote} Thaanks a lot! It helped a lot! Incredible excellent style!
Make all mistakes in demo and rain in pips in live account
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