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Simple and profitable trading style

  • #381
  • Jan 13, 2017 9:17pm Jan 13, 2017 9:17pm
You need to learn about the modification of strategies if you wanna become successful in Forex Trading.
  • #382
  • Jan 13, 2017 11:08pm Jan 13, 2017 11:08pm
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 13, 2017 11:13pm Jan 13, 2017 11:13pm
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 13, 2017 11:14pm Jan 13, 2017 11:14pm
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 13, 2017 11:18pm Jan 13, 2017 11:18pm
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 13, 2017 11:27pm Jan 13, 2017 11:27pm
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 13, 2017 11:30pm Jan 13, 2017 11:30pm
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 3:40am Jan 15, 2017 3:40am
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 3:47am Jan 15, 2017 3:47am
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 3:51am Jan 15, 2017 3:51am
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 11:44am Jan 15, 2017 11:44am
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 2:47pm Jan 15, 2017 2:47pm
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 16, 2017 10:48pm Jan 16, 2017 10:48pm
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 16, 2017 10:51pm Jan 16, 2017 10:51pm
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 16, 2017 10:58pm Jan 16, 2017 10:58pm
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 16, 2017 11:08pm Jan 16, 2017 11:08pm
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 16, 2017 11:24pm Jan 16, 2017 11:24pm
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 16, 2017 11:36pm Jan 16, 2017 11:36pm
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 2:14am Jan 17, 2017 2:14am
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 17, 2017 11:59pm Jan 17, 2017 11:59pm
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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