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Attachments: Monthly Profit - Daily Trading using SMA
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Monthly Profit - Daily Trading using SMA

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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exactly - this happened exactly at new daily candle for me... strange
Upcoming news today - GBP and AUD pairs maybe impacted. Take note
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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?
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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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
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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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I used to be indecisive but now I'm not so sure...
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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I used to be indecisive but now I'm not so sure...
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?
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.
I used to be indecisive but now I'm not so sure...
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
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.
Hi friends contra vs trend trade make comperation by your self
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Quoting mizi123
Hi friends contra vs trend trade make comperation by your self {image} {image}
Hi Mizi, what do you refer to as contra
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
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...
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...
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Last week wasn't positive for me. Many bags and swap costs
Quoting Patdozie
Last week wasn't positive for me. Many bags and swap costs
Same here
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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