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Simple and profitable trading style

  • #721
  • Mar 18, 2017 2:02pm Mar 18, 2017 2:02pm
There was a resistance breakout on Thursday, the red mark. There is possibility of a strong retesting, now acting as support
Make all mistakes in demo and rain in pips in live account
  • #722
  • Mar 18, 2017 2:06pm Mar 18, 2017 2:06pm
When market trends strongly candlestick hardly cross bollinger middle band. We can see that the trend is really strong
Make all mistakes in demo and rain in pips in live account
  • #723
  • Mar 18, 2017 2:10pm Mar 18, 2017 2:10pm
Am half way into TP, using weekly previous resistance for TP
Make all mistakes in demo and rain in pips in live account
  • #724
  • Mar 18, 2017 2:45pm Mar 18, 2017 2:45pm
Quoting 9jatrader
So far so good on the AUDNZD long over 330 pips. Still on the strategy here.
That's all you need, one good winner will pay for 10 losers.

Also, you got in 100 pips earlier than the traders watching the Weekly Head & Shoulders, Neckline 1.0750, Target 1.1250

Good work, thanks for sharing
It takes a lot for me to IGNORE you, but you can try.
  • #725
  • Mar 18, 2017 3:09pm Mar 18, 2017 3:09pm
Quoting Erebus
{quote} That's all you need, one good winner will pay for 10 losers. Also, you got in 100 pips earlier than the traders watching the Weekly Head & Shoulders, Neckline 1.0750, Target 1.1250 Good work, thanks for sharing
You're right. Am happy to have you here.
Make all mistakes in demo and rain in pips in live account
  • #726
  • Mar 18, 2017 3:13pm Mar 18, 2017 3:13pm
My greed is steadily been reduced now. I used to add to positions when price has moved far- continuation trade setup. If an not bold enough to take two positions at the beginning, I should leave only one position to run
Make all mistakes in demo and rain in pips in live account
  • #727
  • Mar 18, 2017 3:17pm Mar 18, 2017 3:17pm
More often when I add positions to the running positions, the new ones are not able to stand retracement
Make all mistakes in demo and rain in pips in live account
  • #728
  • Mar 18, 2017 3:22pm Mar 18, 2017 3:22pm
I will gradually increase my R:R. Not overconfidence, but trust in the strategy. That's the reason I have so many platforms for trading. I observed that we can have many platform as we want from a particular/single broker
Make all mistakes in demo and rain in pips in live account
  • #729
  • Mar 18, 2017 3:31pm Mar 18, 2017 3:31pm
Good night
Make all mistakes in demo and rain in pips in live account
  • #730
  • Mar 19, 2017 2:22pm Mar 19, 2017 2:22pm
Hi 9ja, great strategy here. What I am wondering is how you calculate your lot size ? And do you consider about the rsi when you trade with this strategy ?
  • #731
  • Mar 19, 2017 4:14pm Mar 19, 2017 4:14pm
Quoting lyh9142739
Hi 9ja, great strategy here. What I am wondering is how you calculate your lot size ? And do you consider about the rsi when you trade with this strategy ?
Hi Lyh,
I do not calculate lot size. In micro account I use micro lot. What is rsi ? Relative Strength Index. I do not use it. I have never mentioned anything like that here.
Make all mistakes in demo and rain in pips in live account
  • #732
  • Mar 19, 2017 4:22pm Mar 19, 2017 4:22pm
We don't need to know the use of all indicators. Choose the ones you know that are working after bactesting
Make all mistakes in demo and rain in pips in live account
  • #733
  • Mar 19, 2017 7:54pm Mar 19, 2017 7:54pm
Quoting 9jatrader
We don't need to know the use of all indicators. Choose the ones you know that are working after bactesting
Are you using stoch at the same time ? And normally how many pips SLed ?
  • #734
  • Mar 19, 2017 9:23pm Mar 19, 2017 9:23pm
There are many types of trading styles that we could rely on and all we need to do is to find the one appropriate one which could help us to make some good money online.
  • #735
  • Mar 20, 2017 5:00am Mar 20, 2017 5:00am
Quoting lyh9142739
{quote} Are you using stoch at the same time ? And normally how many pips SLed ?
No. I use stochastic when it's needed. The strategy of using the weekly middle band and daily upper/lower band are totally different from stochastic trading. I have no fix value for SL. SL depends on the strategy, market volatility and the candlestick that formed the trade setup. With this strategy I use the below low price the weekly candle that combine to make setup- bullish position. Opposite is the case with bearish position. Am safer with it.
Make all mistakes in demo and rain in pips in live account
  • #736
  • Mar 20, 2017 3:06pm Mar 20, 2017 3:06pm
This has to be on your radar, closed below the BB on Weekly, below a Fractal level, and about to break last week's LOW



Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-21_8-03-45.png Size: 63 KB


PS - yesterday was Inside Day
It takes a lot for me to IGNORE you, but you can try.
  • #737
  • Mar 20, 2017 3:48pm Mar 20, 2017 3:48pm
Quoting Erebus
This has to be on your radar, closed below the BB on Weekly, below a Fractal level, and about to break last week's LOW {image} PS - yesterday was Inside Day
Thanks. It's ranging strongly on the daily
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy-d1v.png Size: 34 KB
Make all mistakes in demo and rain in pips in live account
  • #738
  • Mar 20, 2017 3:53pm Mar 20, 2017 3:53pm
No one is safe in trading ranging market. The pair is choppy now. Market is choppy when it makes series of highs and lows- no clear s/r
Make all mistakes in demo and rain in pips in live account
  • #739
  • Mar 20, 2017 3:57pm Mar 20, 2017 3:57pm
Good night
Make all mistakes in demo and rain in pips in live account
  • #740
  • Mar 20, 2017 6:33pm Mar 20, 2017 6:33pm
Trading CAD/JPY with your method on xm.com platform, selling price at 84.221
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