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

Patdozie Aug 8, 2019 5:29pm | Post# 11121
1 Attachment(s)
Quoting Craven64
{image} I've been on this from today's candle. Maybe worth a look for tomorrow for others too!
Yea looked nice. New candle just shot up though. Noticed its same for most pairs with AUD at the end (GBPAUD, EURAUD). And there is no news at this time
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mtacki Aug 8, 2019 5:31pm | Post# 11122
exactly - this happened exactly at new daily candle for me... strange

Patdozie Aug 8, 2019 5:40pm | Post# 11123
1 Attachment(s)
Upcoming news today - GBP and AUD pairs maybe impacted. Take note
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itsDavid Aug 8, 2019 5:56pm | Post# 11124
Quoting Patdozie
{quote} Yea looked nice. New candle just shot up though. Noticed its same for most pairs with AUD at the end (GBPAUD, EURAUD). And there is no news at this time {image}
Almost everything I've opened to look at when the new candle starts in an hour has AUD in it here as well. If I take any of them I'll probably only take the best single AUD pair to cut down on the risk. Does that sound like good thinking?

itsDavid Aug 8, 2019 6:07pm | Post# 11125
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My concern with the AUD pairs at the moment is that they look full of indecision. The SMA line down, candle up, or vice versa. My newbie reading is that the signals are contradicting each other, and that I should not trade on them. Am I reading them correctly?

For example.
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Click to Enlarge Name: GBPAUD.jpg Size: 696 KB

Patdozie Aug 9, 2019 2:45am | Post# 11126
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Quoting itsDavid
My concern with the AUD pairs at the moment is that they look full of indecision. The SMA line down, candle up, or vice versa. My newbie reading is that the signals are contradicting each other, and that I should not trade on them. Am I reading them correctly? For example. {image} {image}
GA is heading down now. I believe that once you have any doubt on any trade, don't take it. More opportunities are underway
Click to Enlarge Name: GBPAUD-9aug.JPG Size: 81 KB

Filipo1 Aug 9, 2019 2:54am | Post# 11127
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AUDUSD on watch for setup confirmation according to BK8 strategy. Candlesticks wise it's a buy, even more considering how the reversal is placed on BB.
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Filipo1 Aug 9, 2019 3:23am | Post# 11128
3 Attachment(s)
GBPAUD seems ripe particularly when looking at the weekly.
I also like to check weekly pivots. Unfortunately not available on MT4/MT5. The platform used here has European closings therefore I had to adapt sma to 6 daily candles and BB m.a. at 22.
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Patdozie Aug 9, 2019 3:49am | Post# 11129
Quoting Filipo1
AUDUSD on watch for setup confirmation according to BK8 strategy. Candlesticks wise it's a buy, even more considering how the reversal is placed on BB. {image}
Thanks Filipo1. Setup looking good. From experience have you had good trades after entering on Fridays?

Filipo1 Aug 9, 2019 4:18am | Post# 11130
Quoting Patdozie
{quote} Thanks Filipo1. Setup looking good. From experience have you had good trades after entering on Fridays?
Hi Patdozie, recently I observed the following market moods: Monday mainly hesitant and contrarian (except market-moving developements over the weekend), Tuesday-Wednesday consolidation/direction build-up, Thursday-Friday take action time.

Patdozie Aug 9, 2019 5:42am | Post# 11131
Quoting Filipo1
{quote} Hi Patdozie, recently I observed the following market moods: Monday mainly hesitant and contrarian (except market-moving developements over the weekend), Tuesday-Wednesday consolidation/direction build-up, Thursday-Friday take action time.
Thanks for the insight

itsDavid Aug 9, 2019 6:22am | Post# 11132
Quoting Patdozie
{quote} GA is heading down now. I believe that once you have any doubt on any trade, don't take it. More opportunities are underway {image}
Thank you for your response. I'm going to take a look at that one on the 4hr chart and see if there are any trades to be made today.

mizi123 Aug 9, 2019 10:23am | Post# 11133
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Hi friends contra vs trend trade make comperation by your self
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Patdozie Aug 9, 2019 12:58pm | Post# 11134
Quoting mizi123
Hi friends contra vs trend trade make comperation by your self {image} {image}
Hi Mizi, what do you refer to as contra

mtacki Aug 9, 2019 1:05pm | Post# 11135
Quoting mizi123
Hi friends contra vs trend trade make comperation by your self {image} {image}
So true-

unfortunately- I was just aiming for the contra trade

mizi123 Aug 9, 2019 1:54pm | Post# 11136
Quoting Patdozie
{quote} Hi Mizi, what do you refer to as contra
Green, red and blue e(xponencial) ma-s showing the major trend (5 sma is entry signal) when you trade againest them you contra trade when 5 sma is in conjuction with 3 others pointed on the start is with the trend... aud/usd is contra gbp/cad is with trend.. i hope you have understod me...

mizi123 Aug 9, 2019 2:16pm | Post# 11137
1 Attachment(s)
Quoting mtacki
{quote} So true- unfortunately- I was just aiming for the contra trade
Don't woory bro we learn from mistakes just keep jorurnal about these issue take trades with trend and contra trend and see what wins, i like these quote...
Name: zz.png Views: 553 Size: 182 KB

Patdozie Aug 10, 2019 10:18am | Post# 11138
Last week wasn't positive for me. Many bags and swap costs

mtacki Aug 10, 2019 1:34pm | Post# 11139
Quoting Patdozie
Last week wasn't positive for me. Many bags and swap costs
Same here

FxDumm Aug 10, 2019 2:30pm | Post# 11140
Quoting Patdozie
Last week wasn't positive for me. Many bags and swap costs
I experienced the same, hopefully this will be a bit better


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