Simple and profitable trading style

See this

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Very strong Bearish Engulfing on USDJPY 30 mins

Happy trading day friends

The great is the setup is not against the strong down trend. It means a continuation after consolidation following the strong Bearish movement

The bears are not giving up yet. Still crashing.

Hello there!
Thank you for sharing your trading style and strategy with us. It's great to see you emphasizing the importance of catching trends at the beginning and minimizing the impact of retracements. Let's dive into your approach and the use of Bollinger Bands as an indicator.
Your method seems to work best on daily and longer time frames, as it helps filter out the noise present in shorter time frames. This longer-term perspective allows you to identify strong trends and potential breakouts, which can be beneficial for swing and position traders.

Bollinger Bands, a widely used indicator by professional traders, play a significant role in your strategy. Monitoring both the weekly and daily charts, you look for specific conditions to enter bullish or bearish trades. For bullish trades, you observe the weekly chart closing above the Bollinger Middle Band, while a bullish candle closes above the Upper Band on the daily chart. Conversely, for bearish trades, the weekly chart closing below the Middle Band, combined with the first candle closing below the Lower Band on the daily chart, indicates a potential bearish movement.

It's important to exercise patience and wait for the right conditions before entering a trade. Sometimes, the weekly chart may show strength above the Middle Band, but the daily chart has not yet closed above the Upper Band. In such cases, it's advisable to wait for confirmation and avoid premature entries.

While your strategy provides a framework for identifying trends and potential trades, it's crucial to remember that no strategy guarantees profits in trading. Always perform thorough backtesting and consider the individual characteristics of each currency pair before making any trading decisions.
Thank you for sharing your insights and experiences with the community. It's important to continually adapt and refine our cricket trading strategies, and your contribution adds value to the discussion. Best of luck with your trading endeavors!

Thanks

Check this friends

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Check this

The great thing is that it was formed downtrend

I haven't posted here ever, but I have been working on this deep value trading strategy for sometime now and here are the result. It's crazy I know, but I have done enough stress test and the results are still the same.

Back testing is an indication that the strategy MIGHT be profitable. You need to forward test to see the real results.

hello,how do i get indicators?

AUD coming with Employment change and unemployment rate early morning how will this pair respond

Waiting for only one bullish candle above the middle band band/SMA on 4hr chart

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Indicators are on your MT4

Strong signal had been formed and are not ready to give up and so attacking back. Middle band could pose a potential barriear

Am out

I have to skip this. Bearish candle broke below the middle band and SMA. Waiting for this above Middle band/SMA

Tomorrow is set for JPY