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Simple and profitable trading style

  • #4,961
  • Oct 1, 2021 10:13am Oct 1, 2021 10:13am
Quoting fxrabbi
{quote} Greetings to my fellow citizen Happy Independence day Yomi
Same to you
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,962
  • Oct 1, 2021 10:56am Oct 1, 2021 10:56am
Quoting fxobi
Hi 9jatrader, I've just started to practice this strategy and I enjoyed reading the first 100+ pages of the thread. Still, a lot to learn. However, could you be so kind to review one of my first observations based on what I have learned so far? I saw this on CADJPY daily / rejection of weekly BB mid-line - then on H1 timeframe price broke the H4 middle line and went below the H1 lower line (also broke the support while stochastic was below 20. Daily picture: https://www.tradingview.com/x/ni1Ws76S/ H1 picture: https://www.tradingview.com/x/FX93LPZH/...
On the daily it had not been able to break the resistance, 88.321 while stochastic was on overbought. You could see that it's a ranging resistance
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,963
  • Oct 1, 2021 10:57am Oct 1, 2021 10:57am
I do not see any setup on 1hr
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,964
  • Oct 1, 2021 11:23am Oct 1, 2021 11:23am
Quoting 9jatrader
{quote} On the daily it had not been able to break the resistance, 88.321 while stochastic was on overbought. You could see that it's a ranging resistance
Thank you!
  • #4,965
  • Oct 1, 2021 1:53pm Oct 1, 2021 1:53pm
Good for me. Thank you.
  • #4,966
  • Oct 2, 2021 10:19am Oct 2, 2021 10:19am
Quoting 9jatrader
I said something about price moving sideways sometime ago. Sometimes when price gets to S/R it begins to move sideways. I wish to repeat that we just have to wait and be patient. Look at happened to EURAUD resistance{image}
The sideways movement is on the opposite of the movement that crashed it. This time it's moving sideways above strong support.

The correlated pair, AUDCHF is moving sideways below resistance on 30 mins
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,967
  • Oct 2, 2021 10:42pm Oct 2, 2021 10:42pm
Check this out
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 49 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,968
  • Oct 3, 2021 4:32am Oct 3, 2021 4:32am
Quoting 9jatrader
Check this out{image}
I would be using this signal to monitor GBPJPY short on the shorter time frames; price already moving sideways on 30 mins and 1hr around local resistance
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,969
  • Oct 3, 2021 5:14am Oct 3, 2021 5:14am
Quoting 9jatrader
I caught this one also with stochastic. Sometime it just obeys and continues toward the direction. At times it can be crazy and becomes fakeout. I trade breakout and fakeout. {image}
Was able to make 203 pips move before reverse signal

[quote=9jatrader;13730845]Check this out{image}[/quote

The reverse made on the daily
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,970
  • Oct 3, 2021 7:44pm Oct 3, 2021 7:44pm
How far will this go?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdx.png Size: 48 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,971
  • Oct 3, 2021 7:57pm Oct 3, 2021 7:57pm
Quoting 9jatrader
How far will this go?{image}
Stochastic has moved from oversold where the setup was made and it's right there on the overbought. If it can break the resistance while stochs remains on overbought I would hold on to the trade, otherwise I would close it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,972
  • Oct 4, 2021 12:26am Oct 4, 2021 12:26am
Quoting 9jatrader
How far will this go?{image}
I had to move my TP to breakeven. Already triggered
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,973
  • Oct 4, 2021 12:31am Oct 4, 2021 12:31am
We have to be wise and don't expect market to always obey us
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,974
  • Oct 4, 2021 8:05pm Oct 4, 2021 8:05pm
Where will this finally go?
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpye.png Size: 42 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,975
  • Oct 6, 2021 3:12am Oct 6, 2021 3:12am
Where will this one go?
Attached Image (click to enlarge)
Click to Enlarge Name: audusdtt.png Size: 43 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,976
  • Oct 9, 2021 2:52am Oct 9, 2021 2:52am
Quoting 9jatrader
Check this out{image}
Failing as it broke above the resistance. Am going to hedge it and move the TP to BE
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,977
  • Oct 9, 2021 3:42am Oct 9, 2021 3:42am
For daily TF traders, CADJPY had finally closed above the upper band after along time. When candle closes above the upper band after a long time we can be confident
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,978
  • Oct 9, 2021 6:12am Oct 9, 2021 6:12am
Quoting 9jatrader
Where will this one go?{image}
Well seen
  • #4,979
  • Oct 10, 2021 6:04pm Oct 10, 2021 6:04pm
Quoting 9jatrader
Check this out{image}
The is invalidated and have to hedge it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #4,980
  • Oct 12, 2021 1:48pm Oct 12, 2021 1:48pm
Great article, I guess it will be quite interesting for those traders who prefer such trading style. I am personally convinced that it doesn't matter which style you prefer, the matter is to crete a proper strategy which will be suitable for your style. Style is the very first thing which you choose when you're on your first steps in trading. The rest is for your strategy. Traders shouldn't think that strategy doesn't matter, it does actually and even more than thy might think. Of course, the foundation of trading are skills, knowledge and experience. However everything here is tightly connected among each other. Be attentive and do your best.
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