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Simple and profitable trading style

  • #4,721
  • Jul 22, 2021 8:57am Jul 22, 2021 8:57am
I have been away from EURCAD and CADCHF since yesterday night after closing their positions. As I type they are both making long and short positions respectively according to Stochastic Oscillator signal I have shared before now. Happy trading
Make all mistakes in demo and rain in pips in live account
  • #4,722
  • Jul 22, 2021 9:00am Jul 22, 2021 9:00am
The great interesting thing is that both have successfully closed above SMA/middle band- EURCAD and below SMA/middle band- CADCHF
Make all mistakes in demo and rain in pips in live account
  • #4,723
  • Jul 22, 2021 9:05am Jul 22, 2021 9:05am
Forex is interesting when they signal moves accordingly, but frustrating when moves in the opposite direction. It's so bad that some have given up on Forex trading. They don't want to hear about it any more
Make all mistakes in demo and rain in pips in live account
  • #4,724
  • Jul 22, 2021 9:08am Jul 22, 2021 9:08am
Joined the USDCAD bull and see how it goes. Great signal on both 1hr and 30 mins
Make all mistakes in demo and rain in pips in live account
  • #4,725
  • Jul 23, 2021 3:11am Jul 23, 2021 3:11am
How are you doing today. I just caught GBPAUD short on 30 mins with the new strategy I have started to post about
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m30.png Size: 49 KB
Make all mistakes in demo and rain in pips in live account
  • #4,726
  • Jul 23, 2021 3:13am Jul 23, 2021 3:13am
What I posted earlier was that when strong signal is made while the stochastic is on the overbought/oversold we just get in with peace of mind
Make all mistakes in demo and rain in pips in live account
  • #4,727
  • Jul 23, 2021 3:15am Jul 23, 2021 3:15am
In this case GBPAUD made strong Bearish Engulfing while Mr Stochastic Oscillator was on overbought.
Make all mistakes in demo and rain in pips in live account
  • #4,728
  • Jul 23, 2021 3:19am Jul 23, 2021 3:19am
As a reminder I said Bollinger Middle Band and SMA could be potential barrier to any setup and reverse the trade and hit SL. But in this case of GBPAUD 30 mins had closed below both of them
Make all mistakes in demo and rain in pips in live account
  • #4,729
  • Jul 23, 2021 3:29am Jul 23, 2021 3:29am
The reason why I took this EURJPY is the fact that while it was consolidating above Middle Band and SMA, Mr Stochastic was near oversold and had crossed each other
Make all mistakes in demo and rain in pips in live account
  • #4,730
  • Edited 5:30am Jul 23, 2021 3:30am | Edited 5:30am
My analyses now is like live match
Make all mistakes in demo and rain in pips in live account
  • #4,731
  • Jul 24, 2021 11:31am Jul 24, 2021 11:31am
Quoting 9jatrader
How are you doing today. I just caught GBPAUD short on 30 mins with the new strategy I have started to post about{image}
What I continue to learn from Bollinger Band Indicator is the fact the Middle band can intercept any strong setup- however strong it is.
Make all mistakes in demo and rain in pips in live account
  • #4,732
  • Jul 29, 2021 9:09am Jul 29, 2021 9:09am
Here is my latest catch. You could see that the Bearish Engulfing was formed while Mr Stochastic was on overbought
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-h1.png Size: 44 KB
Make all mistakes in demo and rain in pips in live account
  • #4,733
  • Jul 29, 2021 9:14am Jul 29, 2021 9:14am
Better chart now
Make all mistakes in demo and rain in pips in live account
  • #4,734
  • Jul 29, 2021 9:20am Jul 29, 2021 9:20am
As I said earlier Bollinger Middle Band and SMA could reverse the signal. But glad now that it has closed above them.
Make all mistakes in demo and rain in pips in live account
  • #4,735
  • Jul 29, 2021 9:22am Jul 29, 2021 9:22am
I always have a reasonable SL to give room for movement as you can see from the chart
Make all mistakes in demo and rain in pips in live account
  • #4,736
  • Jul 29, 2021 9:27am Jul 29, 2021 9:27am
I have the latest EURUSD move. It ( The Bullish Engulfing Pattern) was formed also while the Stochastic was barely on the oversold region. Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1.png Size: 46 KB
Make all mistakes in demo and rain in pips in live account
  • #4,737
  • Jul 29, 2021 9:30am Jul 29, 2021 9:30am
It works in both sides. But keep your trading at your risk level
Make all mistakes in demo and rain in pips in live account
  • #4,738
  • Jul 29, 2021 9:31am Jul 29, 2021 9:31am
It works in all time frames. But my time frames are 30 mins, 1hr and 4hr
Make all mistakes in demo and rain in pips in live account
  • #4,739
  • Jul 29, 2021 9:34am Jul 29, 2021 9:34am
I will be coming with another one when price is moving sideways below Middle band/SMA and above Middle band/SMA. So fantastic signal and entry point
Make all mistakes in demo and rain in pips in live account
  • #4,740
  • Jul 29, 2021 9:36am Jul 29, 2021 9:36am
See you later. Am going to be busy now with other things. Happy reading
Make all mistakes in demo and rain in pips in live account
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