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This topic contains 60 replies, has 4 voices, and was last updated by Boniface Akhuiwu Boniface Akhuiwu 3 weeks, 1 day ago.

Viewing 21 posts - 41 through 61 (of 61 total)
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  • #121250
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    NZDCHF and NZDJPY are positively correlated. NZDJPY strongly bullish. Also you would notice that the 3rd and 10th July could not bring the pair down. Any way some week setups can move. An yet I do not see it coming down. Also check another pair that’s correlated – EURNZD. The 3rd and 10th on the weekly could not bring it up.

    #121302
    James NM
    james NM
    Participant
    • Topics: 0
    • Replies: 37

    thanks for clear explanation boniface have you checked GBPAUD also

    #121305
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    thanks for clear explanation boniface have you checked GBPAUD also

    Same setup with GBPNZD both weekly and the daily. But the GBPNZD daily touched the upper band better

    #121307
    James NM
    james NM
    Participant
    • Topics: 0
    • Replies: 37

    that’s great but i wont go long for GBPNZD for am already short on NZDUSD

    #121312
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    that’s great but i wont go long for GBPNZD for am already short on NZDUSD

    I wish you good luck.

    #121644
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    Great setup in the making on the EURAUD long, base on my entry point. The weekly already closing above the middle band, while the daily is closing above the upper band.

    #122369
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    EAURAUD is yet to obey this strategy.

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    #122697
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    On Friday there was a resistance breakout. How valid this resistance only next market movement can tell. I believe this the first entry point for me. Then if the weekly closes above the middle band, while the daily closes successfully above the upper band then a second entry- based on the strategy I have been backtesting. What I admire about the breakout is the “Double Protection” of SL. The position will be protected by both the Middle Band and the broken resistance, now acting as the support.

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    #122705
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    So much uncertainty with GBP. GBPCAD failed while all the other pairs are still moving accordingly. Not regrettable using GBP to test the strategy during its uncertainty. It would be on record now for me that no setup is safe during high uncertainty.

    #124189
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    Stochastic supported breakout on AUDNZD. Also this pair has been moving sideways, and now is closing below the lower band, though less than two hours to the end of today market close. According to Chris if price has been moving sideways and finally closed below the lower band it means that bearish movement wants to continue.

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    #124191
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    Great thanks to Chris and all Luckscout team members on the teaching on Stochastic. According to Chris it helps to fitter out fake breakout. One of the interesting thing about stochastic trading when oversold/overbought region is that it makes setup in whatever direction the stochastic takes. What I mean would be explained more on my current EURAUD long. The point is that when it gets to oversold for example and there is a strong support line/level, closing below it is setup. Failure to break it and stochastic has crossed above 20 it makes setup also- EURAUD long.

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    #124193
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    Less than two hours the market closed with doji candle on AUDNZD. Not so funny.

    #125746
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    Finally am out NZDJPY long. It was really a great movement. Am focusing more now on better exit point. Am keeping greed away. No pair trends forever. I made mistake on the way while riding the pair. The mistake was that I failed to acknowledge the weekly resistance. I should have used it to exit after over 900 pips. Greed made me to add more position even when the pair has moved so much. I will be using the lesson I learned to maximize my profit on my running EURGBP long, AUDNZD long, AUDUSD short. I have have incorporated the mistake into my trading and journal

    #125748
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    I have incorporated Stochastic Oscillator into my trading. It’s fantastic. I never knew it works so well, until I went through the article by Chris again

    #125751
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    I have been away from posting on my journal just to work on better point and to work on Stochastic oscillator system. Am fully back again. It was as if I was on a spiritual retreat. I wish to point here again that I could be long and short on the same pair. This is because am using 11 ( eleven ) platforms. Currently I have been in long position in AUDNZD, and last week I went short on AUDUSD. They in different platform.

    #125917
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    EURJPY has given me signal to go long based on the strategy I use. The last weekly was on MB, while the daily closed above the upper band. I hope to share the chart later

    #125939
    James NM
    james NM
    Participant
    • Topics: 0
    • Replies: 37

    Good to hear your doing great Boniface this uplifts me

    #125940
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    Good to hear your doing great Boniface this uplifts me

    Thank you very much.

    #126733
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    Another trade, EURGBP that met the strategy here, using the weekly middle band and the daily lower band.

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    #126738
    James NM
    james NM
    Participant
    • Topics: 0
    • Replies: 37

    great job Boniface and how are you doing my friend

    #126754
    Boniface Akhuiwu
    Boniface Akhuiwu
    Participant
    • Topics: 1
    • Replies: 99

    great job Boniface and how are you doing my friend

    Am doing great, and you?

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