Simple and profitable trading style

I will really be glad if your question is made clear. Others can learn from your comments and question. During my learning to trade at the beginning I learned a lot from my mentor's followers' comments and questions.

i dont understand your trading style.

Ok. If you don't use bollinger bands it may be difficult. At the beginning I said those who use bollinger bands will find it easier.

WHEN STRONG SETUP IS FORMED AT THE WRONG PLACE: On Friday there was a strong bearish engulfing on CADJPY weekly. This is one of the pairs am following with my strategy. This is strong setup in itself. But it was formed at the wrong place and the wrong time. For five weeks the bulls have been in constant control. There has not been any exhaustion during the movement. Also the upper and the lower band are strongly separated, and the bollinger angle is strong. The movement may take it to the middle band on the weekly. I do not see any game changer here. And we're dealing with NZD here- acts so funny at times

new entry - EUR / AUD and USD / CAD, is it right?

What do you use Stoch? Why is there setting on 5,3,3 and 8,3,3 too?
Thx

Sorry am not following USDCAD right now. This is because I have been in short position on EURUSD. EURAUD yes, bullish trade.

Stochastic is used to follow trending market. When support is broken when stochastic is oversold region then you have short trade setup. When resistance is broken when stochastic is on overbought region then you can get in and join. Don't use to fight trending market. When stochastic is between 80 and 20 don't get in.

Stochs setting is 8,3,3. I do not know why.

Also when strong bearish candle is formed when stochs is oversold, opportunity to get in. When strong bullish candle is formed when stochs is oversold then you get into bullish trade.

USDJPY long while stochs was overbought is still running. I did not share stochs setup here, I shared it with some of my trading friends in a trading forum. It's over 800 pips now.

Don't use it to take reversal. It will not work. There is a misconception among the users. They believe that when price is on oversold region you can get in for bullish trade. Also when price is on overbought region you can get in for bullish trade. That's completely wrong. This is where stochs becomes money sucker.

This chart is better than the previous one I sent. I decided to zoom it out more to show the resistance.

when stochs is moving between 80 and 20 no one can determine the direction of the price movement. All we need at that time is to remain patient.

When you're wrong in a position it costs you so much. That's what am going through with AUDNZD long. It was based on different strategy- hammer with lower band breakout.

If it were based on the strategy am backtesting I wouldn't have entered because the weekly bullish candle was still trapped below the Middle Band.

While the other weekly candles closed above the middle band the daily did not close above the upper band. The two conditions that must be in place did not blend at the same time.

Thank you for your response.
I sell NZD / CAD, whereas a loss, what is your opinion on this pair?
Thx.

A very interesting strategy

. The title of the thread matches the strategy. You don't need too much analyses and over stressed up during analyses.