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

mizi123 Sep 30, 2019 2:53pm | Post# 11261

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Hi friends i hope all you do well 3 high propability setups in my point of wiev!? What do you think!?
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ugozone Sep 30, 2019 11:13pm | Post# 11262

[quote=mizi123;12532623]Hi friends i hope all you do well 3 high propability setups in my point of wiev!? What do you think!? {image} {image}


nice setups . the AUDNZD and CHFJPY are more trendy than the EURCHF if you respect the weekly and monthly trends in your decision. this strategy rocks with patience.

mizi123 Oct 2, 2019 3:01pm | Post# 11263

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Hi friends i hope all you do well 3 high propability setups in my point of wiev!? What do you think!? {image} {image} {image}
Dose these system works i can say yes with all power, i have win 2 daily candles on CHF/JPY and EUR/CHF and 2 other positions are running i have lost AUD/NZd was my fault because i have seen the bank of australia will cut rates and i know that in short term wil make sufer AUD anyway i'm happy
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mizi123 Oct 2, 2019 3:24pm | Post# 11264

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Now some from my finding pairs for tomorow, chose for you
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mizi123 Oct 3, 2019 10:42am | Post# 11265

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Now some from my finding pairs for tomorow, chose for you {image} {image} {image} {image} {image} {image}
Stop searching for better strategy
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mizi123 Oct 3, 2019 3:02pm | Post# 11266

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Don't forget t buy AUD/USD and NZU/USD tonight, have a good night
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ugozone Oct 3, 2019 3:28pm | Post# 11267

{quote} Stop searching for better strategy {image}
Its a party !

But let's remember the strategy has a slow/poor exit signal.
And it's greatly effected by correlated pairs. Noting is bullet proof

mizi123 Oct 3, 2019 3:41pm | Post# 11268

{quote} Its a party ! But let's remember the strategy has a slow/poor exit signal. And it's greatly effected by correlated pairs. Noting is bullet proof
For the sake of the truth i have my own EXIT rules, when i trade against major trend my TP is 50 SMA when i em with trend (major) i trail trades... i like to see more posts from you bro thanx

slowlyslowly Oct 3, 2019 3:43pm | Post# 11269

{quote} Its a party ! But let's remember the strategy has a slow/poor exit signal. And it's greatly effected by correlated pairs. Noting is bullet proof
Exactly... No system is going to win every time....If you think it will, that is just a road to ruin.

I notice that you have half the trades going against the long term trend. These can be risky. Make sure you have a clear exit plan / stoploss strategy as they can turn in an instant.

ugozone Oct 3, 2019 3:56pm | Post# 11270

{quote} Exactly... No system is going to win every time....If you think it will, that is just a road to ruin. I notice that you have half the trades going against the long term trend. These can be risky. Make sure you have a clear exit plan / stoploss strategy as they can turn in an instant.
that is the challenge to grapple with. we need more ideas on this system and how to fine-tune it.


Edit::::::: the Thread starter has a similar strategy but mainly for 1hour entries. you guys may look it up https://www.forexfactory.com/showthread.php?t=605254

ugozone Oct 3, 2019 4:06pm | Post# 11271

{quote} For the sake of the truth i have my own EXIT rules, when i trade against major trend my TP is 50 SMA when i em with trend (major) i trail trades... i like to see more posts from you bro thanx
i will like to backtest the countertrend TP, sounds like a good idea. but i have not been lucky with trailing stops, the choppy nature of recent markets isnt fail on trend trading, makes you envy the daytraders

@AbbasRizvi

mizi123 Oct 3, 2019 4:27pm | Post# 11272

{quote} i will like to backtest the countertrend TP, sounds like a good idea. but i have not been lucky with trailing stops, the choppy nature of recent markets isnt fail on trend trading, makes you envy the daytraders @AbbasRizvi
I refer to Steve Burns he use MA-s and point them as best trend indicator ever, when he speaks about them tells: 5SMA is first reversar sighn, 21 - SMA mid trend 50 SMA first deffence and so on when i will find the post i will attach it here good night from me for now

mizi123 Oct 4, 2019 10:35am | Post# 11273

{quote} I refer to Steve Burns he use MA-s and point them as best trend indicator ever, when he speaks about them tells: 5SMA is first reversar sighn, 21 - SMA mid trend 50 SMA first deffence and so on when i will find the post i will attach it here good night from me for now
Exellent week for me folks i hope same results you had

AbbasRizvi Oct 7, 2019 9:48am | Post# 11274

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{quote} I refer to Steve Burns he use MA-s and point them as best trend indicator ever, when he speaks about them tells: 5SMA is first reversar sighn, 21 - SMA mid trend 50 SMA first deffence and so on when i will find the post i will attach it here good night from me for now
Steve Burns is quite right and I think it is the best, no need of more than 50 MA
Good wishes
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AbbasRizvi Oct 7, 2019 10:40am | Post# 11275

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doax Oct 7, 2019 11:34am | Post# 11276

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I'm testing Oanda but still trading on Etoro.
With this strat if daily closes below 0,6690 I should go short on AC (on etoro) but not on Oanda, since 5sma isn't in the right direction.
Which one is THE true chart to play with?

The difference:
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mizi123 Oct 7, 2019 11:38am | Post# 11277

I'm testing Oanda but still trading on Etoro. With this strat if daily closes below 0,6690 I should go short on AC (on etoro) but not on Oanda, since 5sma isn't in the right direction. Which one is THE true chart to play with? The difference: oanda: {image} etoro: {image}
eur/nzd and nzd/chf look's better take a look!?

doax Oct 7, 2019 11:54am | Post# 11278

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Not realy :\
Guess I am missing something? Maybe daily candle open time?
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AbbasRizvi Oct 9, 2019 8:17am | Post# 11279

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GOLD STILL BEARISH
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Patdozie Oct 9, 2019 9:40am | Post# 11280

GOLD STILL BEARISH {image}
Yes- Head and shoulder structure forming (Bearish)


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