Simple and profitable trading style

http://www.forexfactory.com/showthre...632680#9622680. Share your thought with FCA

Reducing leverage would certainly affect micro account holders

The expected stochastic resistance breakout has happened on EURNZD. Second chance to be bullish

I missed the first setup, when the 2nd March candle closed above the upper band, while the weekly, 26th February was closing/closed above the middle band - our main strategy here. Over 300 pips now. I stayed away from it because of my EURUSD long. I have no option now than to be bullish with another platform

Bollinger bands strongly separated apart

I hope to have a separate thread on stochastic.

I see an explosive bullish move on the way in EURCAD, This pair bullish move had been stopped on the daily middle band. Stochastic showing bearish on the daily for now. This is as a result of middle band.

For the purpose of those who are new to this thread I share this chart. I never wanted to share it because we already know what I mean.

While the blue, weekly, was closing above the middle band , the red, daily, closed above the upper band- setup 1. Setup 2 was stochastic trading. The daily closed resistance while stochastic was on overbought region. I missed trade setup 1. I got in with setup 2. All we need is trade setup. Market decision whether we're right or wrong is final. We don't need to think about profit/loss. Instead trade setup. Wish you happy trading

I feel it's now the opportunity to share the daily and 4hr charts I promised, so that you see that it can be used on lower time frames. I was asked in the past at the beginning when I started the thread if could be use on lower time frames. My reply was that I have backcheck and backtest on the lower time frames, and that I could not trust lower time frames signal. The same method applies Just as using the weekly middle band and the daily upper band I have been sharing to get in. Moving now to lower timeframes, daily and 4hr, when 1st of March was closing above the middle bad on the daily, bullish candle closed above the upper band on 4hr, same daily. Over 300 pips now.

I just wish I can trade 4hr. You would have small SL and maximize profit

What an still backchecking is that while using the weekly and the daily to get in, the last high price on the weekly should be used for take profit. Then while using the daily and the 4hr to get in, the current previous high on daily should be used for take profit- for long positions. Opposite is the case with bearish trade. Whatever the backcheck I will be here to share. You would remember how greed made me to ignore the weekly resistance on my last NZDJPY. Am out as I said before. Generally it was a great movement.

Please check all the setups I have shared yourself. I may not be updating everyday with charts, except there are changes I wish to bring to notice

What I just found out it that we were to get in with 4hr, we could make more profit than the daily, because we get in earlier using the lower TF. The EURNZD I shared on both the weekly and daily and using the daily and 4hr, lower TF is over 400 pips, while the weekly and the daily setup is over 300 pips

You would remember that when I started sharing this strategy on using the weekly and the daily I said that we cannot use this strategy to fight strong trend. So it is with using the daily and 4hr. Don't use it to fight strong trend.

From the charts on EURNZD you would observe that the pair has been moving sideways

EURCAD forming stochastic- based setup. Stochastic is already on overbought region. Any resistance breakout while stochastic is still on the region, then we have long trade onEURCAD. Almost moving the same sideways with EURNZD

The 4hr on EURCAD is already about 300 pips

Still waiting for AUDCAD trade on weekly chart on stochastic-based setup

There are some USD pairs worth waiting for as we await NFP. They are all base on stochastic oscillator system. They are USDCAD, GBPUSD and NZDUSD. What ever the outcome of the NFP great movement is on the way