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-   -   Monthly Profit - Daily Trading using SMA (https://www.forexfactory.com/showthread.php?t=600112)

Patdozie Aug 6, 2019 5:09am | Post# 11081

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On the GPBSGD Looks like a buy setup at the start of the next candle to me. Through the SMA, still well clear of the BB. {image}
GPBUSD
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itsDavid Aug 6, 2019 5:42am | Post# 11082

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{quote} So far, as you have suggested it is a buy on EURGBP (though the screenshot you have posted is that of EUR/USD). Both the EURUSD and EURGBP have more or less the same setup. Only thing is EURGBP has hit the BB upper band. Correct me if I am wrong. Hope you would point out such instances in the future too.
My apologies, I meant the EURUSD, EURGPB was a typo. Their charts looked very different to me. With nothing approaching a setup on EURGBP.
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itsDavid Aug 6, 2019 5:44am | Post# 11083

{quote} GPBUSD {image}
I assume you misread my post? I said GPBSGD but your post shows GPBUSD.

itsDavid Aug 6, 2019 6:02am | Post# 11084

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So I bought GPBSGD at 1.6844 last night and second guessed the system, moving the stop loss to around the center of the previous candle before I went to bed.

I woke up to a loss on that one, had I left the stop loss where it was I would have woken up to a small profit instead (1.6958) Lesson learned.
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Patdozie Aug 6, 2019 6:21am | Post# 11085

{quote} I assume you misread my post? I said GPBSGD but your post shows GPBUSD.
Actually I thought it was a typo. I don't have that pair in my bucket. But it looks like its going your way. Good luck

Oddbjorg Aug 6, 2019 6:30am | Post# 11086

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Hello
Gbpusd
I know that if I babysit my chart today, I can get a few pips. But...
It might be good to pause and see how it reacts on mid bb. Then it could be possible to see if it comes up out of flat and even more rather strong downtrend.
Take care.
Oddbjørg.
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itsDavid Aug 6, 2019 8:19am | Post# 11087

{quote} Actually I thought it was a typo. I don't have that pair in my bucket. But it looks like its going your way. Good luck
It would have gone my way if I hadn't second guessed the system and changed the SL setting See my post above.

Patdozie Aug 6, 2019 9:17am | Post# 11088

{quote} It would have gone my way if I hadn't second guessed the system and changed the SL setting See my post above.
Oh Seen - Sorry about the loss. We learn everyday. If I have to move SL from original place, it will have to be at breakeven. But it's not always easy. Emotions and psychology always at play

Patdozie Aug 6, 2019 9:22am | Post# 11089

Hello Gbpusd I know that if I babysit my chart today, I can get a few pips. But... It might be good to pause and see how it reacts on mid bb. Then it could be possible to see if it comes up out of flat and even more rather strong downtrend. Take care. Oddbjørg. {image}
Thanks. Am in its been a bit stagnant all day. Watching

mizi123 Aug 6, 2019 10:21am | Post# 11090

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Hi friends just look at chf/jpy what a masive rejection
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Patdozie Aug 6, 2019 1:37pm | Post# 11091

Any new potentials at candle close today?

mtacki Aug 6, 2019 3:14pm | Post# 11092

I don't see anything too promising so far

itsDavid Aug 6, 2019 3:16pm | Post# 11093

I'll be checking at about 11pm BST and seeing if there is anything.

Oddbjorg Aug 6, 2019 5:14pm | Post# 11094

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Hello
This looks like a start - but we must wait and see what it does at mid bb - if it comes that far.
See res at blue line.
All the best and take care.
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Patdozie Aug 6, 2019 6:06pm | Post# 11095

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NZDCAD
Please review and decide. All the best
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itsDavid Aug 6, 2019 6:12pm | Post# 11096

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Hello This looks like a start - but we must wait and see what it does at mid bb - if it comes that far. See res at blue line. All the best and take care. {image}
It looks to me like it won't make it, rather it could easily just bounce off the mid BB and continue on it's path downwards?
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itsDavid Aug 6, 2019 6:25pm | Post# 11097

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A couple of charts to consider. About 40 minutes until they close and nothing hugely exciting. Possibilities, but I might well not be opening anything on today's offerings.

GBPNZD looks OK, and the SMA is nicely up. But that top BB is so close and the trend is against us.

CHFJPY might not make it, and the SMA down when we want it up. I'm really liking the long tail on top though.

GBPUSD looks ok, but it's a small candle which isn't giving a clear direction. SMA is quite flat right now. Low RMI though, and BB lines are way above.
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Oddbjorg Aug 6, 2019 7:06pm | Post# 11098

NZDCAD Please review and decide. All the best {image}
Hello
Cad is extremly weak overall and NCD is somewhat in the middle strong weak for the diverse pair.
Better to decide next Tokyo open - see how it turns out for CAD and if the candle get larger and wicks smaller.
Just my grandma conservative opinion.
Take care.

Oddbjorg Aug 6, 2019 7:06pm | Post# 11099

{quote} It looks to me like it won't make it, rather it could easily just bounce off the mid BB and continue on it's path downwards? {image}
Agree

itsDavid Aug 6, 2019 7:16pm | Post# 11100

I didn't like the look of anything today. I'll check the 4hr in the morning.


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