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Simple and profitable trading style

  • #321
  • Jan 8, 2017 8:50pm Jan 8, 2017 8:50pm
Just follow the AUDNZD and at the end if bullish you will get better understanding. I have two positions already, based on resistance breakout
Make all mistakes in demo and rain in pips in live account
  • #322
  • Jan 8, 2017 8:53pm Jan 8, 2017 8:53pm
Quoting 9jatrader
Sanbernadin, i will be updating the AUDNZD, even if the weekly has not closed.
Ok, this is clear to me now.
But in case this were your first trade with the pair, as a general rule, would you wait for the weekly candle to close or would you enter before this happened?
I am trying to get a proper understanding of the general rule. Thank you for your support, anyway.
  • #323
  • Jan 8, 2017 8:55pm Jan 8, 2017 8:55pm
Always remember your SL. No strategy is a fool-proof. As I have said in the past I choose weekly candle for SL, though wide. The daily may easily get triggered during retracement. And so I take a very small lot size because of my weekly SL
Make all mistakes in demo and rain in pips in live account
  • #324
  • Jan 8, 2017 8:58pm Jan 8, 2017 8:58pm
Quoting 9jatrader
Just follow the AUDNZD and at the end if bullish you will get better understanding. I have two positions already, based on resistance breakout
For your previous entries, did you use 4 hr BB and breakout? If so, was one entry around 1.043?
  • #325
  • Jan 8, 2017 8:59pm Jan 8, 2017 8:59pm
Quoting Sanbernardin
{quote} Ok, this is clear to me now. But in case this were your first trade with the pair, as a general rule, would you wait for the weekly candle to close or would you enter before this happened? I am trying to get a proper understanding of the general rule. Thank you for your support, anyway.
As a general rule we wait for weekly or monthly or whatever timeframes candle to close before taking position. But this strategy/setup are made by two time frames. That's the reason it's different. We combine the two.
Make all mistakes in demo and rain in pips in live account
  • #326
  • Jan 8, 2017 9:00pm Jan 8, 2017 9:00pm
Here are some other potential trades based off of weekly near mid BB line, daily near upper or lower BB:
eg long
gz short
ucad short
ga short
  • #327
  • Jan 8, 2017 9:02pm Jan 8, 2017 9:02pm
Quoting Sanbernardin
Do you think that this can be a promising set up? {image} {image}
With this strategy, not yet entry point
Make all mistakes in demo and rain in pips in live account
  • #328
  • Jan 8, 2017 9:03pm Jan 8, 2017 9:03pm
Quoting Oddbjorg
Thanks for sharing.
Thank you so much for joining us
Make all mistakes in demo and rain in pips in live account
  • #329
  • Jan 8, 2017 9:07pm Jan 8, 2017 9:07pm
Quoting Sanbernardin
{quote} But you will wait until the end of the week, entering the week after, or you will enter just before the week ends? That is, if you get both signals before the week ends, will you enter before the weekly bar closes?
I will get in before week end
Make all mistakes in demo and rain in pips in live account
  • #330
  • Jan 8, 2017 9:11pm Jan 8, 2017 9:11pm
Quoting Sanbernardin
{quote} Ok, let me understand. Today is Monday. The weekly chart shows the signal. If the daily chart will also show the signal,closing tomorrow above the upper bollinger band, you will enter the trade, even if the weekly bar is still running and could potentially cross the middle bollinger line in the opposite direction. It is worth taking this risk. Is it correct?
Yes I will enter the trade even if the weekly still running. Waiting for the weekly might be late to enter
Make all mistakes in demo and rain in pips in live account
  • #331
  • Jan 8, 2017 9:15pm Jan 8, 2017 9:15pm
Quoting Sanbernardin
{quote} Ok, this is clear to me now. But in case this were your first trade with the pair, as a general rule, would you wait for the weekly candle to close or would you enter before this happened? I am trying to get a proper understanding of the general rule. Thank you for your support, anyway.
But this is not my first trade. EURUSD, short; NZDJPY and all JPY pairs long followed same strategy
Make all mistakes in demo and rain in pips in live account
  • #332
  • Jan 8, 2017 9:19pm Jan 8, 2017 9:19pm
Quoting ezcurrency
{quote} For your previous entries, did you use 4 hr BB and breakout? If so, was one entry around 1.043?
No. I did not use 4hr; the one I mentioned 4hr is Bollinger Bands Squeeze trading. It's a different case
Make all mistakes in demo and rain in pips in live account
  • #333
  • Jan 8, 2017 9:23pm Jan 8, 2017 9:23pm
Quoting ezcurrency
Here are some other potential trades based off of weekly near mid BB line, daily near upper or lower BB: eg long gz short ucad short ga short
Did you take them?
Make all mistakes in demo and rain in pips in live account
  • #334
  • Jan 8, 2017 9:53pm Jan 8, 2017 9:53pm
I am in GA short, and the others are on the watch list.

EZ
  • #335
  • Jan 8, 2017 10:07pm Jan 8, 2017 10:07pm
Quoting 9jatrader
{quote} No. I did not use 4hr; the one I mentioned 4hr is Bollinger Bands Squeeze trading. It's a different case
So with the BB squeeze on AUDNZD on 4 hr charts, did you enter long on 4 hr TL breaks at about the blue boxes in the screenshot? I'm just trying to understand your system on shorter TF's and BB squeeze.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 175 KB
  • #336
  • Jan 9, 2017 12:16am Jan 9, 2017 12:16am
Quoting ezcurrency
I am in GA short, and the others are on the watch list. EZ
Ok. Am running far away from all GBP pairs for now. Maybe to return to GBP after the Prime Minister, Theresa May has invoked Article 50 of Lisbon Treaty in March.
Make all mistakes in demo and rain in pips in live account
  • #337
  • Jan 9, 2017 12:19am Jan 9, 2017 12:19am
Quoting ezcurrency
{quote} So with the BB squeeze on AUDNZD on 4 hr charts, did you enter long on 4 hr TL breaks at about the blue boxes in the screenshot? I'm just trying to understand your system on shorter TF's and BB squeeze. AUDNZDH4.png;2131007 {image}
AUDNZD is not on Bollinger Band Squeeze now. BBS is when the upper and the lower bands are so close like all JPY pairs now. I entered this position with another strategy- resistance breakout on the daily. I did not refer to 4hr for entry.
Make all mistakes in demo and rain in pips in live account
  • #338
  • Jan 9, 2017 12:27am Jan 9, 2017 12:27am
Please don't be confused here when I try to inform you about any trade setup base on another strategy. I have always indicated it.
Make all mistakes in demo and rain in pips in live account
  • #339
  • Jan 9, 2017 3:52am Jan 9, 2017 3:52am
Will this daily bullish candle close well at the end of the day? The weekly strongly rejected the lower band during retracement.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp-d1-alpari 111.png Size: 33 KB
Click to Enlarge Name: eurgbp-w1-alpari-222.png Size: 31 KB
Make all mistakes in demo and rain in pips in live account
  • #340
  • Jan 9, 2017 3:58am Jan 9, 2017 3:58am
I have to close my bullish trade on GBPNZD. Going bullish with GBP can be scary now.
Make all mistakes in demo and rain in pips in live account
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