I have been asked on when to get out of the trade. There is no perfect exit point. Sometimes a reversal doesn't show any signal. What an so certain is that there will be exhaustion that the bears are reluctant to be bearish- consistent rejection of ...

Simple and profitable trading style

Am using another platform which I did not enter NZDJPY long, otherwise I will be buying and selling NZD at the same time; that's counterproductive.

Simple and profitable trading style

Both the daily and the weekly has really closed so well. This pair is about to test the strategy here again. I will be using the below the low price of the weekly candle for my SL. Though the SL will be big, the lot size will be small. Even if the ...

Simple and profitable trading style

The bulls have been scared of the upper band daily,while the weekly closes above middle band. This time the bulls are taking it up to the upper band. I hope the day closes well. I may not take because of NZDJPY bullish trade. But I will have in in ...

Simple and profitable trading style

For those who have been following us here, there is another trade on using thhe weekly middle band and the daily upper band on AUDNZD.

Simple and profitable trading style

Additional and positive point about the setup was the fact that it was formed on a strong uptrend.

Simple and profitable trading style

I got in yesterday NZDJPY when I found that it closed so well after market close. I used bigger lot size, because I will be getting out using the previous resistance.

Simple and profitable trading style

See you latter friends, in case there is any change am making- hope I remember to post again.

Simple and profitable trading style

If the pair closes so well I might jump in, using the resistance to get out, then leave the other four positions still open. I might increase lot size here since am getting out early- over 200 pips

Simple and profitable trading style

Even though I don't take position on 4hr, I decided to check what the hour is doing. There was already a bullish engulfing pattern formed. This was strongly supported by bollinger band lower breakout.

Simple and profitable trading style

Most often Dragonfly/Pinbar move accordingly. If it succeeds to close with bullish body, then we have more reliable bullish trade setup.

Simple and profitable trading style

Am not taking any position because I already have four positions running on the pair. I just hope that the Dragonfly closes well today. If it does it may end up breaking the strong resistance that had been proving stubborn.

Simple and profitable trading style

The more positive point is that it failed to break the 80.439 support level while stochastic was oversold.

Simple and profitable trading style

NZDJPY is forming a strong Dragonfly/Pinbar, which means a bullish continuation. It's strongly rejecting the lower band. How will today market close? No one knows.

Simple and profitable trading style

If EURAUD goes bullish after it triggered my SL, I will be baktesting with wider SL.

Simple and profitable trading style

The USDCAD that triggered my SL before bullish. It was returned by the middle band

Simple and profitable trading style

I will keep reporting the setup- success and failure

Simple and profitable trading style

Staying long with it I will be able to finally judge how reliable the strategy is. The strategy is that when stochastic is oversold and there is a strong support. Breaking is great setup. What am backtesting is the failure to break it. It has earned ...

Simple and profitable trading style

Am still staying with the strategy- stochastic oscillator

Simple and profitable trading style

We can see what middle band can do. It returned the bullish trade with stochastic I shared, triggered my SL and the went bullish. I have seen that the strategy requires big stop loss and small lot size.

Simple and profitable trading style