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Simple and profitable trading style

  • #181
  • Dec 28, 2016 5:47am Dec 28, 2016 5:47am
How I wish I could just close the AUDNZD. It's sucking me. It's not giving opportunity to leave at break even Am waiting for my SL to trigger so that I get out.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #182
  • Dec 28, 2016 6:00am Dec 28, 2016 6:00am
Very interesting system - maybe I will have a crack at this in the New Year when volatility returns.
  • #183
  • Dec 28, 2016 8:19am Dec 28, 2016 8:19am
Quoting dkrock
A stoch setting of 8/3/3 more or less mirrors a 10 SMA. You are measuring the 8 SMA, but have a slowing factor added to it. It is not exact, but close enough. So, when the line of your stoch crosses 50, then price should be crossing the 10 SMA. The stoch is not built to show the full range of motion of how far price moves from the 8/10 SMA, so that is why it gets stuck above 80 and below 20. 80 and 20 mean nothing really. Using a 3 for your crossover line isn't much help either. All in all I would not use this tool and those settings. But, of course,...
Thanks
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #184
  • Dec 28, 2016 11:06am Dec 28, 2016 11:06am
9J. Have u ever tried crude with a similar strategy ?
  • #185
  • Dec 28, 2016 11:26am Dec 28, 2016 11:26am
Quoting don555
9J. Have u ever tried crude with a similar strategy ?
As long as is bollinger band trading system, it will work on Crude, gold etc. I think I have shared Gold/USD chart here; and I said the SL would have been triggered when it was daily-based candle SL because of the US election. I said that no setup is safe with such volatility. I have Gold here again- weekly and the daily. I will find chance to check the Crude.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusd-w1-alparigg.png Size: 41 KB
Click to Enlarge Name: xauusd-d1-alparig2.png Size: 32 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #186
  • Dec 28, 2016 11:42am Dec 28, 2016 11:42am
Am currently following only Gold and not Crude because of my EURUSD short position. Crude could be used to trade USDCAD. Am not in USDCAD right now. About the EURUSD short, the weekly is making Stochastic-based setup. We can only judge that at the end of the trading week. I don't want to get into that now, until Friday when market has closed.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #187
  • Dec 28, 2016 4:00pm Dec 28, 2016 4:00pm
Quoting moonman
Thank you for your response. I sell NZD / CAD, whereas a loss, what is your opinion on this pair? Thx.
What time frames?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #188
  • Dec 28, 2016 4:11pm Dec 28, 2016 4:11pm
Hi Moonman, am sorry I did not see your post early. You got in too early if you used the strategy and was trading the daily and longer timeframes. There was no signal at all to go bearish yet. I have been bearish AUDCAD, they're correlated. It would be bearish but not now. When the 4th December candle closed below middle band there was no daily closed below lower band.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #189
  • Dec 28, 2016 4:11pm Dec 28, 2016 4:11pm
HI,
entry according to the rules - weekly/daily
Attached Image (click to enlarge)
Click to Enlarge Name: Snímka obrazovky 2016-12-28 o 23.04.30.png Size: 412 KB
  • #190
  • Dec 28, 2016 4:13pm Dec 28, 2016 4:13pm
Quoting moonman
HI, entry according to the rules - weekly/daily {image}
The daily did not close below lower band the time the first bearish candle closed below middle band on weekly.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #191
  • Dec 28, 2016 4:43pm Dec 28, 2016 4:43pm
Quoting 9jatrader
Am currently following only Gold and not Crude because of my EURUSD short position. Crude could be used to trade USDCAD. Am not in USDCAD right now. About the EURUSD short, the weekly is making Stochastic-based setup. We can only judge that at the end of the trading week. I don't want to get into that now, until Friday when market has closed.

9j. what do you mean by Crude could be used to trade USDCAD ?
  • #192
  • Dec 28, 2016 4:52pm Dec 28, 2016 4:52pm
For bearish trading, when candle closes/has closed below Middle band on the weekly and first candle that closes below Lower Band on the daily shows that bearish movement has started. If the weekly strongly closed above Middle Band and the daily has not been able to close above Upper Band,there is no need to get in yet. You have to be patient.
Attached Image (click to enlarge)
Click to Enlarge Name: Snímka obrazovky 2016-12-28 o 23.50.40.png Size: 411 KB
  • #193
  • Dec 28, 2016 5:08pm Dec 28, 2016 5:08pm
Quoting don555
{quote} 9j. what do you mean by Crude could be used to trade USDCAD ?
Oil chart
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #194
  • Dec 28, 2016 5:16pm Dec 28, 2016 5:16pm
Please switch to candlestick. You would observe that when 13th November was closing/closed no daily candle succeeded to close below lower band. You just need to stay away.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad-w1.png Size: 43 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #195
  • Dec 28, 2016 5:20pm Dec 28, 2016 5:20pm
You would see how the bulls attacked right around the middle band the next weekly candle. It was not surprised to me because the daily was not ready yet. Some of my friends also went short, but only informed them that if I were the one I would not go short, base on my entry point.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #196
  • Dec 28, 2016 5:23pm Dec 28, 2016 5:23pm
I have shared my current setup on EURAUD long. It's a great example. I will say more about the setup latter because I shared it the same day I got in.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #197
  • Dec 28, 2016 5:26pm Dec 28, 2016 5:26pm
You would observe that I have never shared NZDCAD. I shared AUDCAD
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #198
  • Dec 28, 2016 5:34pm Dec 28, 2016 5:34pm
Let me make it clearer again. When the weekly is closing/closed strongly below middle band and the daily closed below lower band, then opportunity to short. It must be the same week, otherwise it would be late. If the daily fails to close below lower band, just stay away
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #199
  • Dec 28, 2016 5:39pm Dec 28, 2016 5:39pm
Thanks for the added information
  • #200
  • Dec 28, 2016 5:41pm Dec 28, 2016 5:41pm
Quoting moonman
Thanks for the added information
Thanks. We would see more on EURAUD long when it works out latter.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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