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Simple and profitable trading style

  • #701
  • Mar 14, 2017 1:58am Mar 14, 2017 1:58am
Quoting Erebus
{quote} Not totally convinced on this one, look what it did 5 or 6 weeks back on the Weekly candles, cross up and immediately down There are so many news events this week, might pay to be cautious
You're very correct with what you said. You would understand more when you see the chart am sending now. You would see a similar bullish move on the 29th January, 2017, the "Blue Mark". From the opening and closing of the weekly bullish candle, none of the daily was able to close above the upper band, the "Big Red Mark" on the daily chart. I checked ,as always, the previous similar weekly movement that did not move further. I might be wrong, but market is always right. Trade safe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-w1.png Size: 48 KB
Click to Enlarge Name: eurusd-d1 2.png Size: 39 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #702
  • Mar 14, 2017 2:00am Mar 14, 2017 2:00am
I mean that none of the five candles was able to close above the daily upper band.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #703
  • Mar 14, 2017 2:07am Mar 14, 2017 2:07am
Each time I see similar trade setup on the weekly that was trapped around the middle I check the movement on the daily
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #704
  • Mar 14, 2017 2:12am Mar 14, 2017 2:12am
I have already taken a " Buy Stop" order on the open price of yesterday candle in another platform. I don't add to loosing position, however strong the trade setup might be. As I have said, my previous EURUSD long is yet to trigger TP.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #705
  • Mar 14, 2017 2:32am Mar 14, 2017 2:32am
Check this DBHLC on NZDCHF - Daily

Direction is good on Weekly, will break last weeks low, expect NZD weakness to last

1 x ADR is good enough stop loss about 65 to 70 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-14_17-30-09.png Size: 288 KB
It takes a lot for me to IGNORE you, but you can try.
  • #706
  • Mar 14, 2017 2:42am Mar 14, 2017 2:42am
Quoting Erebus
Check this DBHLC on NZDCHF - Daily Direction is good on Weekly, will break last weeks low, expect NZD weakness to last 1 x ADR is good enough stop loss about 65 to 70 pips {image}
Very correct. More confirmation if it can break 0.69 comfortably
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #707
  • Mar 14, 2017 2:45am Mar 14, 2017 2:45am
I have been in AUDUSD short. It was based on stochastic on weekly. I reported it on the other "Twin" thread,
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #708
  • Mar 14, 2017 2:49am Mar 14, 2017 2:49am
As you may have already know AUD and NZD are twin brothers, same DNA
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #709
  • Mar 15, 2017 1:56pm Mar 15, 2017 1:56pm
AUDNZD continues to retest 1.09377 resistance after about 300 pips movement.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-d1m.png Size: 40 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #710
  • Mar 15, 2017 2:02pm Mar 15, 2017 2:02pm
Each time am trapped below resistance and above support I back check the trade setup that took it to the level in the past. The setup that took it to the level it's responding to now was not as strong as the current one.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #711
  • Mar 16, 2017 12:23pm Mar 16, 2017 12:23pm
Do we have have the beginning of bearish movement on USDCHF? Weekly closing below the middle band and the daily closing below the lower band. Know that it's negative correlated with EURUSD, because of the positive correlation of EURO and CHF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf-w1 b.png Size: 50 KB
Click to Enlarge Name: usdchf-d1 b.png Size: 47 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #712
  • Mar 16, 2017 12:24pm Mar 16, 2017 12:24pm
You would observe that the pair was not trending.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #713
  • Mar 16, 2017 12:28pm Mar 16, 2017 12:28pm
With the method of using the weekly previous low for TP, it's about 400 pips down.

It's all about trade setup and not profit/loss
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #714
  • Mar 16, 2017 3:02pm Mar 16, 2017 3:02pm
It appears it is in a range and that a day or two more, it will turn around; how much I'm uncertain.
  • #715
  • Mar 16, 2017 5:16pm Mar 16, 2017 5:16pm
Quoting lctrader11
It appears it is in a range and that a day or two more, it will turn around; how much I'm uncertain.
It's breaking out of ranging; EURUSD having flying wings now.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #716
  • Mar 16, 2017 5:19pm Mar 16, 2017 5:19pm
It's all about trade setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #717
  • Mar 17, 2017 1:49am Mar 17, 2017 1:49am
It's good to tweak/adjust decisions when necessary. My initial decision on EURUSD was about 130 pips, when the hammer was formed. Our strategy has formed another trade setup and so have to adjust my TP to over 400 pips. This is because the new setup may take it to that weekly resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd v.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #718
  • Mar 17, 2017 1:53am Mar 17, 2017 1:53am
My previous TP was 1.07, the daily resistance. As I have said earlier the strategy responds to the recent weekly support and resistance. My initial TP is about 21 pips away.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #719
  • Mar 17, 2017 2:08am Mar 17, 2017 2:08am
I believe that many have already known the strategy here
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
  • #720
  • Mar 18, 2017 4:00pm Mar 18, 2017 4:00pm
So far so good on the AUDNZD long over 330 pips. Still on the strategy here.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-d1bb.png Size: 37 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.3%
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