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Simple and profitable trading style

  • #4,341
  • Apr 19, 2019 6:28am Apr 19, 2019 6:28am
Quoting salimc
{quote} does 14 sma help you for a signal? 20 sma (mid bb ) is a much stronger signal. i see that you never go long from lower bb.
SMA 14 remains a great pointer. I can go from lower band when see Bullish Engulfing Pattern, Pin Bar and strong Hammer, having bullish body and supported by lower band breakout
Make all mistakes in demo and rain in pips in live account
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  • #4,342
  • Apr 19, 2019 6:41am Apr 19, 2019 6:41am
Joined the AUDCAD bears, 4hr
Make all mistakes in demo and rain in pips in live account
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  • #4,343
  • Apr 21, 2019 4:39am Apr 21, 2019 4:39am
Quoting 9jatrader
This is what happens after much/many retesting of SMA, specially when it forms continuous bearish signal below the SMA. The breakout could be explosive {image}
EURCHF cannot trend forever. It's currently around the resistance, 1.14137. And so was looking for early short entry. I just found the 30 mins bearish engulfing during sideways around the resistance
Attached Image (click to enlarge)
Click to Enlarge Name: eurchfa.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
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  • #4,344
  • Apr 25, 2019 4:19am Apr 25, 2019 4:19am
Strong Shooting Star on GBPAUD that may easily crash on 1hr
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudu.png Size: 35 KB
Make all mistakes in demo and rain in pips in live account
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  • #4,345
  • Apr 25, 2019 4:20am Apr 25, 2019 4:20am
Same thing with GBPNZD on 1hr
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -54.6%
  • #4,346
  • Apr 25, 2019 4:24am Apr 25, 2019 4:24am
Funny to see that in Forex one TF shows strong bullish signal, whereas the other TF shows bearish signal. On the daily there had been strong bullish signal
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -54.6%
  • #4,347
  • Apr 25, 2019 5:33am Apr 25, 2019 5:33am
Quoting 9jatrader
Funny to see that in Forex one TF shows strong bullish signal, whereas the other TF shows bearish signal. On the daily there had been strong bullish signal
it always happens. you will find a very rare occasion when all the TF agreed!
  • #4,348
  • Apr 26, 2019 12:36am Apr 26, 2019 12:36am
Quoting 9jatrader
Same thing with GBPNZD on 1hr

Am out. It crashed faster than its correlated pair, GBPNZD
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -54.6%
  • #4,349
  • Apr 26, 2019 12:54am Apr 26, 2019 12:54am
Quoting 9jatrader
{quote} Am out. It crashed faster than its correlated pair, GBPNZD
It is an unpredictable pair. Anybody can be out any time
  • #4,350
  • Edited 10:59am Apr 26, 2019 5:11am | Edited 10:59am
This is what Hammer can do
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf.png Size: 42 KB
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  • #4,351
  • Apr 26, 2019 5:14am Apr 26, 2019 5:14am
Quoting 9jatrader
This is what Hammer can do {image}

I have said in the past that emotion is stronger on the shorter TF. We could see how the Hammer was able to fly up the price even at the bottom of the strong downtrend.
Make all mistakes in demo and rain in pips in live account
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  • #4,352
  • Apr 26, 2019 5:16am Apr 26, 2019 5:16am
They say going against the trend- counter-trend trading is risky. But I would say not as much risky in the shorter TF because of strong emotion
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -54.6%
  • #4,353
  • Apr 26, 2019 5:19am Apr 26, 2019 5:19am
Quoting 9jatrader
Strong Shooting Star on GBPAUD that may easily crash on 1hr {image}
Still performing, slowly and steady
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -54.6%
  • #4,354
  • Apr 26, 2019 5:27am Apr 26, 2019 5:27am
Quoting 9jatrader
This is what Hammer can do {image}
I guess; for CHF trading pair you need to use much wider SL on trading by comparing others FX trading pair; isn’t?
  • #4,355
  • Apr 26, 2019 5:30am Apr 26, 2019 5:30am
When concern of something is very high the chance of failure is also very high so keep it simple as we know 80% is your psyche and 20% skill so dont get your self a very heavy system of indicators and when the market is not in smooth trend try patterns like gartley head and shoulder triangles and so on thats it at this phase of my knowledge in this image divergence was not like very satisfying so i waited for support and resistance to be made but aud usd had very clear divergence on h1
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 54 KB
  • #4,356
  • Apr 26, 2019 5:30am Apr 26, 2019 5:30am
I caught this Hammer also. The pending order was easily triggered
Attached Image (click to enlarge)
Click to Enlarge Name: audcadff.png Size: 44 KB
Make all mistakes in demo and rain in pips in live account
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  • #4,357
  • Apr 26, 2019 5:32am Apr 26, 2019 5:32am
It works best when the bears are getting and has been trending for so long and when price had been moving sideways for sometime
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -54.6%
  • #4,358
  • Apr 26, 2019 5:34am Apr 26, 2019 5:34am
Quoting NeilWagner
{quote} I guess; for CHF trading pair you need to use much wider SL on trading by comparing others FX trading pair; isn’t?
Where I have seen much greater SL are all GBP pairs, except the EURGBP
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -54.6%
  • #4,359
  • Apr 26, 2019 5:36am Apr 26, 2019 5:36am
Quoting NeilWagner
{quote} I guess; for CHF trading pair you need to use much wider SL on trading by comparing others FX trading pair; isn’t?
When Bollinger bands are really close we can have smaller SL when Hammer is made around the lower band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -54.6%
  • #4,360
  • Apr 26, 2019 10:09am Apr 26, 2019 10:09am
Quoting 9jatrader
{quote} Where I have seen much greater SL are all GBP pairs, except the EURGBP
But I am using my normal SL on GBP pairs including GBPJPY. No problem at all.
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