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Simple and profitable trading style

  • #881
  • Jun 7, 2017 3:05am Jun 7, 2017 3:05am
I have this one on my radar 9jatrader.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 25 KB



Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADWeekly.png Size: 28 KB


I am really enjoying trading both systems. I am enjoying the simplicity yet profitability that it achieves.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #882
  • Jun 7, 2017 9:54am Jun 7, 2017 9:54am
Quoting Ezzy
I have this one on my radar 9jatrader. {image} {image} I am really enjoying trading both systems. I am enjoying the simplicity yet profitability that it achieves. Cheers Ezzy
It's probably going to form the third trade setup. Am tired of this my position-bearish. Be careful going long. The weekly resistance 1.03096 had failed to be broke since 6th April, 2014.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #883
  • Jun 7, 2017 8:33pm Jun 7, 2017 8:33pm
There are many strategies and we need to select an appropriate strategy according to the Forex Market. You need to learn about which strategy to use in which Market Condition.
  • #884
  • Jun 12, 2017 7:19pm Jun 12, 2017 7:19pm
UCAD, GCAD is already a short after the news

AUDCAD is a tricky as last week is a long and now it pull back. Not a short yet.

Per as the GBP discussion, I just wonder where is your stop loss.

Thanks.

HC
  • #885
  • Jun 12, 2017 8:30pm Jun 12, 2017 8:30pm
Quick update on my trades, I had to close my ACAD manually, for a loss, as the weekly candle has reversed. Thats Ok with me, as there will be loses. UCAD on the other hand is / has formed a really nice looking signal.
What you do is a reflection of you....what I do is a reflection of me.
  • #886
  • Jun 13, 2017 10:28pm Jun 13, 2017 10:28pm
Quoting hhchenfx
UCAD, GCAD is already a short after the news AUDCAD is a tricky as last week is a long and now it pull back. Not a short yet. Per as the GBP discussion, I just wonder where is your stop loss. Thanks. HC
You are very correct Friend. But how long will the short trade move is the question. My mistake was to get in again in USDCAD long when my initial position SL was triggered.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #887
  • Jun 13, 2017 10:31pm Jun 13, 2017 10:31pm
Quoting Ezzy
Quick update on my trades, I had to close my ACAD manually, for a loss, as the weekly candle has reversed. Thats Ok with me, as there will be loses. UCAD on the other hand is / has formed a really nice looking signal.
USDCAD was really crazy and went wild. Mr Fibonacci failed woefully.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #888
  • Jun 13, 2017 10:34pm Jun 13, 2017 10:34pm
[quote=hhchenfx; Per as the GBP discussion, I just wonder where is your stop loss. Thanks. HC[/quote]

If you mean my EURGBP, my SL is above the high price of the bearish candle- yesterday's candle. I hope I answered the question
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #889
  • Jun 13, 2017 10:44pm Jun 13, 2017 10:44pm
If not so clear on EG short SL, the SL is above the six month resistance 0.88313
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #890
  • Jun 13, 2017 10:46pm Jun 13, 2017 10:46pm
What further informed my decision on EG short was the fact that it was formed around/below the resistance. I might be wrong, but market is always right
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #891
  • Jun 13, 2017 11:05pm Jun 13, 2017 11:05pm
AUDCAD continues trading in sideways. Two occasions it reverse after about 280 pips and my target is wider than that. It's retesting the support again from which it has retraced on twice. Am still leaving it open. Hope it finally breaks it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #892
  • Jun 14, 2017 2:58am Jun 14, 2017 2:58am
Hello great friends, USDCAD escape me. The weekly was closing below the middle bad while the daily closed below the lower band two days ago. It's doing well. So bad I missed it.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #893
  • Jun 14, 2017 2:58am Jun 14, 2017 2:58am
It's based on the main strategy here.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #894
  • Jun 14, 2017 8:26am Jun 14, 2017 8:26am
NZDCHF making setup based on the strategy here. Check the weekly and the daily. The interesting about this pair is the positive swap. I love positive swap.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #895
  • Jun 14, 2017 8:39am Jun 14, 2017 8:39am
This strategy is almost abandoned in the course of my looking for trades. My stochs almost took
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #896
  • Jun 16, 2017 1:53pm Jun 16, 2017 1:53pm
Nearly the close of this week.
AJ is a short now.
CADJPY is a long
  • #897
  • Jun 17, 2017 12:32pm Jun 17, 2017 12:32pm
Quoting hhchenfx
Nearly the close of this week. AJ is a short now. CADJPY is a long
Trading ranging market can be deadly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #898
  • Jun 18, 2017 7:42am Jun 18, 2017 7:42am
I dont think CADJPY is ranging anymore as it break 7 week range with quite decisive move.
  • #899
  • Jun 19, 2017 12:27am Jun 19, 2017 12:27am
Quoting hhchenfx
I dont think CADJPY is ranging anymore as it break 7 week range with quite decisive move.
How do we know when market trend? When market trends it candlestick hardly crossed bollinger middle band. Check the movement of the price before and immediately the US election. When we compare it we could see and judge. Good luck
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #900
  • Jun 19, 2017 10:54pm Jun 19, 2017 10:54pm
Yes, BB is one of the most popular default trading indicator! But I seem, it works mainly on rangy market! By the way, I seem moving average cross over trading strategy is the most effective trading strategy! This strategy works on all kind of market situation either its rangy or trendy market!
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