Good luck

Simple and profitable trading style

Don't feel too bad when your SL is triggered. Trust your system. Every system has it's good and bad times. Stick with it even in bad times. There was a successful trader that had 48 winning positions. Later he had 28 straight losses.

Simple and profitable trading style

When SL is based on the daily candlestick I increase lot size to either 0.02 and 0.03. My CADCHF SL was based on the daily candle. So I used 0.02 lot

Simple and profitable trading style

Is the same strategy. Sometimes the pair moves uninterrupted, like CHFJPY, CADJPY. Some retraced before moving again, like NZDJPY ( this triggered my first position and I got in again when the candles rejected the lower band and it's still running). ...

Simple and profitable trading style

The setup is trapped around the middle band. When setup gets to middle sometimes create problems and the pairs fools around it.

Simple and profitable trading style

If it's serious to go against me, it should trigger the weekly SL.

Simple and profitable trading style

Yea, am still on it. That's the reason I always take the weekly candle that combine to form the setup for my SL. Since the SL is based on the weekly candle I always take small lot size- 0.01. This is to minimize the risk when SL is triggered. Here ...

Simple and profitable trading style

After strong movement by JPY pairs they're are now moving sideways. Who knows what's next. Some use the opportunity to move SL. I do not move SL, because it can get triggered before moving toward your direction again.

Simple and profitable trading style

Thanks for reply. I will try yours. Am a swing trader. Market can trend for months, as you already known. If brokers can close demo where they don't benefit, what would happen when it's $$ where they can benefit? It means withdrawing profit will be ...

Which of these Australia or New Zealand brokers?

Global Prime Au remains the best broker. Axitrader can close even demo account after one month without notice. Pepperstone closes demo account after one month, though notice. Funny brokers

Which of these Australia or New Zealand brokers?

The last monthly candle was really strong

Simple and profitable trading style

The bulls have no strength to take over for now. Bollinger bands are already pointing down. It may end to sideways, before continuation trade setup forms again

Simple and profitable trading style

EURUSD is struggling to break below the weekly strong support

Simple and profitable trading style

We can see what happens when strong setup is formed at the wrong place. The bulls are still ready to fly. It has formed a consolidation around the middle band on the daily. Besides BOJ is happy with the weakness of Yen. They tried everything ...

Simple and profitable trading style

One of the characteristics of daily and longer times traders is the great virtue of patience. If you trade daily and longer time frames you must always experience a situation that market moves strongly against your setup even before the setup obeys. ...

Simple and profitable trading style

No setup on the AUDNZD for now. It failed to break the support and Stocks is leaving oversold region.

Simple and profitable trading style

If you have been following me you would know that I always wanted to get out of this position. The pair I entered with another strategy - Hammer with lower band breakout.

Simple and profitable trading style

I just lost out in AUDNZD long. Stochastic is already on oversold region for short trade setup. Also the pair was closing below lower band.

Simple and profitable trading style

Always check your position/pair before entry-whether live or demo. Am short on EURUSD and long on EURAUD. These are not placed in one platform, otherwise I will be buying EURO and at the same time selling EURO. That's counterproductive. While one is ...

Simple and profitable trading style