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Simple and profitable trading style

  • #381
  • Jan 13, 2017 11:17pm Jan 13, 2017 11:17pm
You need to learn about the modification of strategies if you wanna become successful in Forex Trading.
  • #382
  • Jan 14, 2017 1:08am Jan 14, 2017 1:08am
USDCAD bullish attempt is of great interest to me now, base on Stochastic trading. Stochastic is the strategy am focusing and backtesting so strongly now. That's when the resistance and support are not broken when Stochastic is overbought and oversold respectively, it signal reversal and possibly small TP. You would observe that the support was not broken on this pair. This signals the bullish movement.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-d1-uu.png Size: 39 KB
Make all mistakes in demo and rain in pips in live account
  • #383
  • Jan 14, 2017 1:13am Jan 14, 2017 1:13am
USDCAD is already showing rejection of the lower band. I will not be taking the trade, but will be among the once am being using for backtesting.
Make all mistakes in demo and rain in pips in live account
  • #384
  • Jan 14, 2017 1:14am Jan 14, 2017 1:14am
My EURUSD is strongly retracing and so I don't want to increase the risk.
Make all mistakes in demo and rain in pips in live account
  • #385
  • Jan 14, 2017 1:18am Jan 14, 2017 1:18am
I said yesterday that EURAUD shows similar Stochastic trade setup gradually.
Make all mistakes in demo and rain in pips in live account
  • #386
  • Jan 14, 2017 1:27am Jan 14, 2017 1:27am
Am not distracted from the main strategy here. I hope will not either. I believe having other strategy can create for us many good and quality trade setups. That's what the great men in the business are doing. We can use other tools to follow positions or join.
Make all mistakes in demo and rain in pips in live account
  • #387
  • Jan 14, 2017 1:30am Jan 14, 2017 1:30am
Why am focusing now on Stochastic trading is the fact that we can get in sometimes, weak signal as long as the support/resistance refuse to be broken.
Make all mistakes in demo and rain in pips in live account
  • #388
  • Jan 15, 2017 5:40am Jan 15, 2017 5:40am
If the next candle can be bullish on USDCAD, it would be great
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-d1-global-prime gg.png Size: 39 KB
Make all mistakes in demo and rain in pips in live account
  • #389
  • Jan 15, 2017 5:47am Jan 15, 2017 5:47am
It the next candle/candles can close bearish, then opportunity to join them.
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf-d1-global-prime-ccb.png Size: 34 KB
Make all mistakes in demo and rain in pips in live account
  • #390
  • Jan 15, 2017 5:51am Jan 15, 2017 5:51am
They're based on Stochastic trading. On USDCAD bearish candles failed to break below the support level and Stochastic is already leaving oversold region. Opposite is the case with CADCHF. The resistance failed to be broken while Stochastic was overbought region.
Make all mistakes in demo and rain in pips in live account
  • #391
  • Jan 15, 2017 1:44pm Jan 15, 2017 1:44pm
Also USD is in an overall uptrend, and USD might get up to 3 interest rate hikes in the next year. That should be bullish for USD, so long UCAD makes fundamental sense.
  • #392
  • Jan 15, 2017 4:47pm Jan 15, 2017 4:47pm
Quoting ezcurrency
Also USD is in an overall uptrend, and USD might get up to 3 interest rate hikes in the next year. That should be bullish for USD, so long UCAD makes fundamental sense.
Thank you so much
Make all mistakes in demo and rain in pips in live account
  • #393
  • Jan 17, 2017 12:48am Jan 17, 2017 12:48am
A moment of indecision remains with EURAUD. The Stochastic is still right at the oversold region. Any refusal to break the support it shows more confirmation on the bullish move
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-d1-alpari-m.png Size: 39 KB
Make all mistakes in demo and rain in pips in live account
  • #394
  • Jan 17, 2017 12:51am Jan 17, 2017 12:51am
Whatever appears around the zone it creates opportunity- bullish or bearish. If it succeeds to break it, opportunity for bearish movement right away.
Make all mistakes in demo and rain in pips in live account
  • #395
  • Jan 17, 2017 12:58am Jan 17, 2017 12:58am
Quoting 9jatrader
Will this daily bullish candle close well at the end of the day? The weekly strongly rejected the lower band during retracement. {image} {image}
This pair shows no retracement yet. The setup was based on the strategy here. The weekly was closing above the middle band, while the daily strongly closed above the upper band. I did not take the position because of my EURUSD short.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-d1-alparib.png Size: 32 KB
Make all mistakes in demo and rain in pips in live account
  • #396
  • Jan 17, 2017 1:08am Jan 17, 2017 1:08am
The reason for using the weekly middle band rejection is that failure to reject middle band can cause bearish movement on the daily. It can cause a strong retracement on the daily, even though it has closed above the upper band. I have said that middle band acts as support/resistance.
Make all mistakes in demo and rain in pips in live account
  • #397
  • Jan 17, 2017 1:24am Jan 17, 2017 1:24am
I decided to check what the EURAUD correlated pair ( AUDCHF ) is doing. Just as EURAUD is on oversold region, AUDCHF is right on the overbought region. This is where correlation can be rewarding, it you trade correlated pairs- be careful
Attached Image (click to enlarge)
Click to Enlarge Name: audchf-d1-alpariv.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
  • #398
  • Jan 17, 2017 1:36am Jan 17, 2017 1:36am
The interesting about the pairs is that while one is rejecting the lower band, EURAUD, the other one is rejecting the upper band, AUDCHF. But there is no signal yet base on Stochastic trading system.
Make all mistakes in demo and rain in pips in live account
  • #399
  • Jan 17, 2017 4:14am Jan 17, 2017 4:14am
Current example on how middle band can cause obstruction. I have here CHFJPY. The monthly middle band has caused some bearish movement on both the daily and weekly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpy-mn1-alpari.png Size: 28 KB
Click to Enlarge Name: chfjpy-d1-alpari.png Size: 34 KB
Make all mistakes in demo and rain in pips in live account
  • #400
  • Jan 18, 2017 1:59am Jan 18, 2017 1:59am
Quoting 9jatrader
Current example on how middle band can cause obstruction. I have here CHFJPY. The monthly middle band has caused some bearish movement on both the daily and weekly. {image} {image}
thank you 9jatrader
do you use divergence?
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