Simple and profitable trading style

Another great thing about CADCHF is that no bullish candle has been able to close above the middle band since March 2013 on the monthly chart. I believe we have better days ahead and that were able to catch the trend at the beginning.

NZDJPY is getting trapped below broken support, now acting as a strong resistance. I have the charts of the broken support. I have shared them before. I have seen that it's a valid resistance now.

Monthly is too strong to be ignored. I do not see any game changer here for now. You must also know that it takes longer time for longer time frames setup to finally obey. For using monthly to hold our position requires a great deal of patience.

The reason for bringing monthly now is the fact that no bullish candle has been able to close above the middle band on the monthly. November bullish candle did and very strongly closed above the middle band.

I will continue to remind you that middle band always acts as potential support and resistance. It's like a breakout when candle closes above/below it

NZDJPY continues to draw my attention. Before the support ( now acting as a strong resistance ) got broken candles lined up along the support and bollinger band squeeze was formed. It's repeating itself now - forming BBSqueeze around the resistance.

Second sideways movement around the area again, then resistance

There are two important things about the EURAUD long trade.
1. We can see how middle can stop any advance movement by bears. As I have always said middle band acts as a potential support and resistance.
2. I have also said that the weekly candle SL, though wide, gives more room for fluctuation of price as far as the strategy is concern. Daily candle SL could have been triggered.

The pair worth monitoring with the strategy is AUDNZD. It's gradually moving.

Maybe next week this pair will meet the conditions of entry. For now no one knows how the daily upper band and the weekly middle band will behave.

I decided to check what the descending resistance was up to. I discovered that there was already a resistance breakout. How will the bears respond, no one knows. I used the closed price to draw my line.

The interesting thing about the breakout is the fact that your SL will be protected by 1. The broken resistance ( now acting as a support ). 2. Your SL will also be protected by the Bollinger Middle Band, now acting also as a support. That's for those who trade support and resistance breakout. But as far as the strategy here is concerned, it has not got to entry point.

Those who enter based on breakout will be ahead if the weekly and the daily finally closed above the middle band and upper band respectively.

I like the breakout because many candles really reacted to the resistance and were strongly stopped, until there was a breakout. There is a possibility of a very strong retesting of both the middle band and the broken resistance.

CADJPY and CHFJPY performing more than excellent

I believe AUDNZD has really closed well and the breakout is great

I have expressed how uncertain the GBP pairs are right now because of Brexit. GBPCAD is a failure

There are lots of trading strategies that you could try, but you need to remember that we should change it from time to time if you wanna become successful.

Thank you so much. As you already known successful traders have more than one strategy. If you have been following us you would know that in spite of backtesting the powerful strategy some of us have entered with another strategy I have shared. For example the running CADCHF long position. This was based on a very strong "Hammer" with bullish body and supported by Bollinger lower band breakout. I also said in that analyses that the monthly candlestick of November was a very strong bullish movement, supported my lower band shadow breakout. The running USDJPY long was based on the strategy here and Stochastic Oscillator trading- Stochastic was overbought when the resistance was broken and I analyzed here. The movement is still on in USDJPY. That's the reason I always tell people not to join us half way. Join the thread from the beginning.

When you have found the strategy that gives you higher returns and you enter market without stress, why bothering yourself with so many strategies