Here is a EURUSD taken this week that resulted in a breakeven trade.

Nelson7 Simple Trading

This trade was opened earlier in the week and turned out to be a very profitable trade. When I started to see weakness in the move I exited.

Nelson7 Simple Trading

Exited this trade earlier today with a profit of almost 6% I'll post a chart later along with another EUR/USD trade that broke even.

Nelson7 Simple Trading

Thank you lgtj for your kind words and congratulations on your success keep up the good work. Nelson7.

Nelson7 Simple Trading

Here is a trade I entered on the USD/JPY late last night which I am currently monitoring. Looking for weakness at important resistance to exit with profit or to move up my stoploss.

Nelson7 Simple Trading

Back from time off from trading. So far the first day back has not given any trades and most of the pairs I trade are not showing any signs of entries with the exception of the eur/usd but that remains to be seen.

Nelson7 Simple Trading

I would at the beginning use an ema (ex. 20 ema). If the candles are above and the market shows strength to the upside take the buy and if the candles are below and the market show strength to the downside take the sells. Yes I know you will have ...

Nelson7 Simple Trading

The weekly says up but the onthly is down. Only trade with the trend.

Nelson7 Simple Trading

Yes, that would be a good signal. The trend is down on the monthly and on my charts since I don't have Sunday candles it would be a three candle entry. You also have a small retracement off significant resistance. The only problem I would have with ...

Nelson7 Simple Trading

If you are asking as far as determining the trend I would recommend a smaller moving average such as the 20. Like I said earlier don't get to caught up with which moving average just stick to which ever one you choose. Trade the plan. There is no ...

Nelson7 Simple Trading

I have not looked at this strategy in detail on the smaller timeframes due to time constraints. I currently don't have the time to monitor the smaller timeframes like I should. Besides that you must take into consideration when trading the smaller ...

Nelson7 Simple Trading

I do take countertrend opportunities but that is another strategy all together. This strategy relys on going with the trend in order to be profitable.

Nelson7 Simple Trading

No, my broker does not have Sunday daily candles. So my daily candles are a combination of the Sunday and Monday information. Don't get to caught up with this, remember there is no holy grail. All brokers quote slightly different prices, so your ...

Nelson7 Simple Trading

Here are the patterns. As can see they are very profitable.

Nelson7 Simple Trading

I like to use what I call a 1, 2 or 3 candle formation at support or resistance as an entry with this style of trading. Each formation gives me the information that the retracement may be over and headed back onto the main trend. It does this by ...

Nelson7 Simple Trading

lgtj, all of my entries are entered upon the close of the candle that completed the 1, 2 or 3 candle formation described in the first post. The formation must consist of the last candle closing higher than the previous candles high for a buy and ...

Nelson7 Simple Trading

The last few weeks have provided some great trades and a few losses which are all part of trading. Remember there will always be losers, but keep in mind if your winners are larger than your losers ( at least with this strategy) then in the long run ...

Nelson7 Simple Trading

Here's a trade taken earlier this week. Pure price action.

Nelson7 Simple Trading

Thank you JuicyT. As of now this style of trading has provided me with a win/loss ratio of about 50/50 and that varies from month to month. This strategy also provides me with anywhere from 10-15% a month profit between all the pairs I trade. That ...

Nelson7 Simple Trading

Still in the previous AUD/USD daily trade and its finally turning around.

Nelson7 Simple Trading