Yesterday I shared NZDJPY chart. In the chart I said the current price is reacting to the broken support ( now resistance ). This pair is really reacting to it and strongly retracing. It's not the point to close position yet.

Simple and profitable trading style

Those who were able to catch the AUDUSD short, it's over 370 pips so far. Maybe the current one, EURAUD long would be performing next week. Possibly there will be a retracement. That's the reason getting now on Friday is important.

Simple and profitable trading style

Why can't one open 500 dollar demo account?

FXOpen UK - true ECN/STP FCA-regulated broker

You would observe that the pair was not trending.

Simple and profitable trading style

For those who still have questions or have not been satisfied with answers I have given so far, the weekly and the daily have given us opportunity again on EURAUD long. While the weekly is now closing above the middle band the daily has successfully ...

Simple and profitable trading style

You would observe that the price movement was not trending before the trade setup.

Simple and profitable trading style

I will always continue to advocate us ing the weekly candle to set stop and then lower significantly your lot size. Let will also continue to say that the weekly SL is safer and can withstand a retracement/fluctuation. If you're too picky with SL ...

Simple and profitable trading style

You would observe that it was not only the last weekly bearish candle that has crossed the middle band. What's the difference now? All the others ( weekly bearish candles ) crossed the middle band, while the daily could not close below lower band. ...

Simple and profitable trading style

We are bound to miss some trade setups, however watchful we're. Though I already have some positions running. I miss to share the beginning of the trade of AUDCHF long position. Anyway it's only 4o pips missed. That may not be a problem if it ends ...

Simple and profitable trading style

Here is the chart again.

Simple and profitable trading style

It's unfortunate I used GBP pairs during this uncertainty period to backtest the strategy. GBPCAD long and GBPNZD long not moving accordingly.

Simple and profitable trading style

I now believe that we have a lot to benefit from ranging/ market. It's breakout with this strategy is trusted and reliable. The only virtue we need when ranging is "Patience".

Simple and profitable trading style

Using your chart to check when the daily closed below lower band while the weekly was closing, you would observe that we're over 340 pips. Also this pair was not trending when the setup formed.

Simple and profitable trading style

Yesterday I said Axitrader closed my demo account after one month. And that my AUDUSD short and AUDCAD short are in that platform. I will still be monitoring them. It's all about trade setup/backtest and not profit/loss.

Simple and profitable trading style

AUDUSD still going deep. I have shared the chart

Simple and profitable trading style

I have been in the position, AUDNZD long since to 10th November. This is one of the reasons Forex trainers/mentors discourage borrowing money to trade Forex.

Simple and profitable trading style

AUDNZD continues to be threat. It shows that the descending resistance is valid. It has formed channel.

Simple and profitable trading style

It's surprising to me that Broker would close demo account after a month. Another broker after Pepperstone again - Axitrader. Axitrader is more funny. It closed it without notice, unlike pepperstone. I just wonder if broker can just close demo, what ...

Simple and profitable trading style

Some traders do run away with their profits when price gets to a strong resistance and support. This happens when the retesting of the level persists for a long time. Before running away we have to consider the price movement that took the price ...

Simple and profitable trading style

Bollinger angle is steep and there is no sign of exhaustion yet.

Simple and profitable trading style