NZDJAPY is right below the strong broken support ( 81.584 ) 3rd February, 2014. This support sent the price up for over 1200 pips. It's now acting as a resistance. Can it be scary? The trend is still very strong at the current movement and has the ...

Simple and profitable trading style

The most unsuccessful positions I have with this strategy are the GBP pairs. Could Brexit be responsible for it? They're just milling around after entry.

Simple and profitable trading style

EURUSD is trading at the lowest ever since 2007 on the daily, from what I can see. Using the monthly, we still have about 2000 pips down the road before the lowest price on the monthly chart.

Simple and profitable trading style

Thanks

Simple and profitable trading style

I use the word "closing". Weekly candle closed only at the end of the trading week- Friday

Simple and profitable trading style

Two options 1. Assuming price has been ranging and you're waiting a breakout with this strategy. On Sunday market opens every week. Let's take this week for example. On Sunday 18th market opened. If within this week price has been trading- closing ...

Simple and profitable trading style

Great. You're getting use to it now gradually.

Simple and profitable trading style

EURUSD has broken the strong support since 2015 on the daily and weekly. Since there are still days before the monthly closed, the monthly also is closing below the strong support.

Simple and profitable trading style

Apart from the noise like the last US election, Grexit, Brexit referendums, the strategy is Ok. Be careful also about the Italian referendum ahead of us, next year.

Simple and profitable trading style

I wish to say here that it can be used to trade Gold and other commodity. Though I don't trade Gold I have Gold chart. I use it to monitor EURUSD, USDCHF, AUDUSD. In the weekly chart you would observe that there while the the 2nd October was closing ...

Simple and profitable trading style

I wish you good luck

Simple and profitable trading style

You can use small account to catch a trend and be profitable. That's the reason of the thread.

Simple and profitable trading style

Thanks for joining us here. 1. As far the strategy or any other trading strategy is concerned, it doesn't depend on the account size, but your money management and leverage. If you have good strategy and follow risk/money management you can trade ...

Simple and profitable trading style

If only AUDNZD long can give me chance to leave at break even. The only pair I did not enter with the strategy.

Simple and profitable trading style

Am already short on AUDCAD. They're correlated

Simple and profitable trading style

Sometimes we're too cautious/picky of our SL. Some try to put very tight SL. Using tight SL is like having no SL. You would be stopped out even if the direction and analyses is right. When you're stopped out because of tight SL finding another entry ...

Simple and profitable trading style

Hi Racsan, since my backtesting I have been stopped out on only one occasion. I may not have many charts to show. That's the reason I advice that we use the weekly candle to set our SL and then take a very small lot size.

Simple and profitable trading style

I have shared the screen shot of the charts where I was stopped out. It's the 8th chart on the first page of this thread- NZDJPY long. I got in where I have the red arrow. Days latter it strongly retraced and triggered my SL. You would see what I ...

Simple and profitable trading style

Do you mean the pairs? After a strong move there is bound to be a retracement. If it's the pairs, they're CADJPY long; CHFJPY long; NZDJPY long. They have been moving so strongly. It's good for Bank Of Japan. They tried everything possible to weaken ...

Simple and profitable trading style

I also use Fibonnaci to follow retracement. I long expected a strong retracement from all JPY pair. Their upward movement have so uninterrupted.

Simple and profitable trading style