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NZD/JPY, USD/JPY

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Simple and profitable trading style

  • #581
  • Feb 28, 2017 11:29am Feb 28, 2017 11:29am
AUDUSD stochastic already crossing each other. We might see bearish movement soon
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #582
  • Feb 28, 2017 11:32am Feb 28, 2017 11:32am
Also AUDUSD had been forming Doji candle for three consecutive weeks. I see great movement on the way
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #583
  • Feb 28, 2017 11:36am Feb 28, 2017 11:36am
They both have near strong resistance.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #584
  • Mar 1, 2017 3:15am Mar 1, 2017 3:15am
AUDNZD bullish trade ended so well during Asian session. But still trapped below a strong resistance. Where will UK and US sessions take the trade to????
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-d1-fxopen-ltd.png Size: 47 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #585
  • Mar 1, 2017 3:18am Mar 1, 2017 3:18am
There is still a strong bullish bias- Bollinger Bands are all pointed upwards.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #586
  • Mar 1, 2017 3:26am Mar 1, 2017 3:26am
I decided to check what the weekly is doing. The weekly is stochastic is already on overbought region, the blue rectangular mark. Any breakout would be a great setup. Stochastic Oscillator helps to filter false breakout- I have said it over and over
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-w1-fxopen-bb.png Size: 47 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #587
  • Mar 1, 2017 11:03am Mar 1, 2017 11:03am
If there are those who trade 4hrs and shorter time frames here on this thread I have good news for you. This strategy works also on the shorter time frames.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #588
  • Mar 1, 2017 11:08am Mar 1, 2017 11:08am
I only back checked with 4hrs and 1hr. I have CHFJPY long,( though not uploaded yet ) on 4hrs in case there are 4hrs/1hr traders on the thread.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #589
  • Mar 1, 2017 11:11am Mar 1, 2017 11:11am
Since we are coming to lower time frames, we use the daily closing/closed above the middle band and the 4hr closed above the upper band for bullish trade
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #590
  • Mar 1, 2017 11:13am Mar 1, 2017 11:13am
Moving lower, we use the 4hr closing/closed above the middle band and 1hr closed above the upper band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #591
  • Mar 1, 2017 11:15am Mar 1, 2017 11:15am
The Sl should be below the longer time frames candle low price. Since I trade using the weekly and the daily, I use the below the low price of the weekly candle for SL
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #592
  • Mar 1, 2017 11:17am Mar 1, 2017 11:17am
I love the shorter time frames SL but I have no time to trade them
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #593
  • Mar 1, 2017 12:00pm Mar 1, 2017 12:00pm
Just found your thread; thank you for bringing this perspective to us. I've always had an affinity to the use of BB and recently gravitated to the longer TFs; although I do like the movement (quicker feedback) of the 4H...but no lower.

Being new to this strategy, allow me a first look to A/N. It appears both the middle band and upper band are starting to roll over (lose momentum) and I would be cautious of going long at this point. Drawing S/R lines is somewhat subjective, but I believe the price is getting close to a resistance area now.

I would appreciate any feedback to see where I might be missing something.
  • #594
  • Mar 1, 2017 10:04pm Mar 1, 2017 10:04pm
Quoting lctrader11
Just found your thread; thank you for bringing this perspective to us. I've always had an affinity to the use of BB and recently gravitated to the longer TFs; although I do like the movement (quicker feedback) of the 4H...but no lower. Being new to this strategy, allow me a first look to A/N. It appears both the middle band and upper band are starting to roll over (lose momentum) and I would be cautious of going long at this point. Drawing S/R lines is somewhat subjective, but I believe the price is getting close to a resistance area now. I would...
What pair are you referring to ? AUDNZD?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #595
  • Mar 2, 2017 11:31am Mar 2, 2017 11:31am
Quoting 9jatrader
There are some pairs that worth monitoring with Stochastic trading. I mean AUDCAD weekly and AUDUSD weekly. Stochastic is already on overbought region. I have the charts- weekly charts {image} {image}
AUDUSD weekly I was waiting for base on stochastic is taking shape. We still have less than two days to close. And yet the daily is closing below the lower band.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd-w1-alpari-international-limited 1.png Size: 47 KB
Click to Enlarge Name: audusd-d1-alpari-international-limited 2.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #596
  • Edited 12:27pm Mar 2, 2017 11:37am | Edited 12:27pm
Some of the interesting thing about the trade setup are:
1. The weekly is being formed below a strong resistance after three weeks of Doji candles
2. Stochastic main and the signal have already crossed have already crossed each other. It shows that it's not able to break the resistance while stochastic is on overbought region
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #597
  • Mar 3, 2017 2:47pm Mar 3, 2017 2:47pm
Quoting 9jatrader
AUDNZD bullish trade ended so well during Asian session. But still trapped below a strong resistance. Where will UK and US sessions take the trade to???? {image}
This pair is finally breaking the resistance I have pointed out
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-d1-fxopen mm.png Size: 44 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #598
  • Mar 3, 2017 2:49pm Mar 3, 2017 2:49pm
No mistake this time. I decided to set my target. Not setting my TP has always been my problem
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #599
  • Mar 3, 2017 2:51pm Mar 3, 2017 2:51pm
Over 600 pips- a lot of patience is needed from me.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #600
  • Mar 3, 2017 3:08pm Mar 3, 2017 3:08pm
I always wonder why the trade I lower lot size move more accordingly that the ones I increased lot size. A great trader once shared same thing- that the once he lowered lot size ends more in profit- funny business- Forex
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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