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

Quoting Bsmile44
{quote} Why did you enter then? Didnt you enter that trade late?
Hi Bsmile44,

Yes I entered one day late but that's the price for a higher probability. I started losing less and then gradually improved my trading when I stopped trying to catch the highs and lows looking for safer trades.
I entered long because this thread's and my own additional criteria are met.
Bk8's original criteria: upward SMA5 crossed from below and stop-loss at min. 15 pips below the lowest point of the crossing candlestick.
My confirmations requests: MACD crossing the signal line in agreement with setup, and here on top of that price action breaking the Fibonacci level. Cherry on the cake: price action established over the Bollinger middle band. So all this looks solid right? It's not! Today (European time) we will have US CPI release so better take a small position first.
I used to be indecisive but now I'm not so sure...
Hi Filipo, do you have any resume of your trading strategy? Maybe a documentation? Sorry to bother u. I hope i may get more understanding about your long time frame trading. Thank you
Quoting Iniezta
Hi Filipo, do you have any resume of your trading strategy? Maybe a documentation? Sorry to bother u. I hope i may get more understanding about your long time frame trading. Thank you
Hi Iniezta, no unfotunately. But it's not that complicated.
First you have to learn and understand the candlestick patterns, there are many good resources available on the web. Then study Bollinger bands, trend lines, Fibonacci, main indicators etc. I personally learned nearly all of it from a person known as Chris Pottorff who wrote most of the excellent articles on the website Luckscout formerly named FxKeys and who deserves my gratitude for having shared so much for free. Then study ichimoku at least the basic principles. Some authors have an excellent reputation like Khalid El Bouzidi.
You see, this requires as for everything some work, dedication and at least for me, a few burned accounts...
Forza!

P.S. then starts the most delicate part: mastering greed and fear.
That will be my final contribution now that you know what to do... do it
I used to be indecisive but now I'm not so sure...
Hello .
Closing it all down, besides AJ
Has been going for a while. Even if it has crossed low bb.
See you monday evening.
Have a good weekend.
Thank you.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
Quoting Oddbjorg
{quote} Hello Ghostman Can I ask why or when you took that position? {image}
Hi,

I have closed it based on crossover on red daily candle, the one before two wicks and plus MACD was pointing down. Regardless it has fired back at me. I am getting kinda desperate
Quoting ghostman10
{quote} Hi, I have closed it based on crossover on red daily candle, the one before two wicks and plus MACD was pointing down. Regardless it has fired back at me. I am getting kinda desperate
Hey if you're having trouble post your ideas here and we'll try to help with our opinions on the view. Of course I'd never recommend only trading because someone else says so but if you believe its a good idea and setup, post it and lets discuss it.
Gentlemen always play by the rules, if they can't, they change them.
Morning guys. Ive been doing for about 6 months now. And havent found a system that works. I think im just bad at this but refuse to give up. I just dont know how to stay down. Anyways i have alot of indicators. I have the radar indicator which was awesome for me in the beginning but somewhere along the line it started losing. My one friend is doing awesome he draws monthly $4000 out like a business but i seem to have trouble growing as he does. Anyways gonna try the sma system for the next month or so. Wanna see how it works. Thanks so much for all the great advice u guys put down. Kind regards SP
Usdchf looks awesome for the week... so i think monday would be a great entry point for short on this pair.
Attached Image (click to enlarge)
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Quoting Filipo1
{quote} Hi Iniezta, no unfotunately. But it's not that complicated. First you have to learn and understand the candlestick patterns, there are many good resources available on the web. Then study Bollinger bands, trend lines, Fibonacci, main indicators etc. I personally learned nearly all of it from a person known as Chris Pottorff who wrote most of the excellent articles on the website Luckscout formerly named FxKeys and who deserves my gratitude for having shared so much for free. Then study ichimoku at least the basic principles. Some authors...
Hi, Filipo,
Thanks for your advice. Of course I will search your recommendations. Actually i've started some trades only with very small account. By using this system actually the result is still 50:50 for loss and win, hehe... I have to work harder to improve it.
Quoting ghostman10
{quote} Hi, I have closed it based on crossover on red daily candle, the one before two wicks and plus MACD was pointing down. Regardless it has fired back at me. I am getting kinda desperate
Sorry to hear about this, bro. I did short for EU pair too. But i was a little bit lucky by soon closing my trade before this pair went bullish. Wish u luck for next week trade.
Quoting Skadef
Morning guys. Ive been doing for about 6 months now. And havent found a system that works. I think im just bad at this but refuse to give up. I just dont know how to stay down. Anyways i have alot of indicators. I have the radar indicator which was awesome for me in the beginning but somewhere along the line it started losing. My one friend is doing awesome he draws monthly $4000 out like a business but i seem to have trouble growing as he does. Anyways gonna try the sma system for the next month or so. Wanna see how it works. Thanks so much for...
If your friend is doing that well. Go ask him to show you the way and see if you can trade the way he does.
Gentlemen always play by the rules, if they can't, they change them.
Quoting ghostman10
{quote} Hi, I have closed it based on crossover on red daily candle, the one before two wicks and plus MACD was pointing down. Regardless it has fired back at me. I am getting kinda desperate
Sorry about that Ghostman.
All the best.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
Quoting Bsmile44
{quote} If your friend is doing that well. Go ask him to show you the way and see if you can trade the way he does.
He is assisting me... but i would like to get there myself also u know. His just got way more experience then me so next year ill start to study this at college also.
EUR...
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I used to be indecisive but now I'm not so sure...
Quoting Filipo1
EUR... {image} {image}
New guy here... wasnt one of the points bk8 made that we shouldnt trade if its to close to the bb outer bands? Though i do see the trend u r pointing out...
There is no eur news this week and on both images it spells reversal to trend...
  • Post #8,917
  • Quote
  • Edited Aug 14, 2017 12:06am Aug 13, 2017 11:38pm | Edited Aug 14, 2017 12:06am
Quoting Skadef
{quote} New guy here... wasnt one of the points bk8 made that we shouldnt trade if its to close to the bb outer bands? Though i do see the trend u r pointing out...
Hi Skadef, yes you are right about Bk8's warning of avoiding setups too close from BB, mainly because BB are showing price action in extension from its equilibrium point in the trend on SMA20. However they are also widening and stretching in agreement with price action and not systematically a reversal signal. I guess in BK8's view it is essentially an optional tool to filter potential wrong setups. Personally I use BB for trend identification and I am more concerned with potential rejections from the SMA20 than outer bands. However external bands are interesting to identify potential strong reversal signals like pin bars breaking out of the bands when trend is in exhaustion.
I used to be indecisive but now I'm not so sure...
Quoting Filipo1
{quote} Hi Skadef, yes you are right about Bk8's warning of avoiding setups too close from BB, mainly because BB are showing price action in extension from its equilibrium point in the trend on SMA20. However they are also widening and stretching in agreement with price action and not systematically a reversal signal. I guess in BK8's view it is essentially an optional tool to filter potential wrong setups. Personally I use BB for trend identification and I am more concerned with potential rejections from the SMA20 than outer bands. However external...
Filipo.... dont u wanna look into this price action indicator for me...
Attached File(s)
File Type: rar radar signal trading system.rar   54 KB | 288 downloads
Lol... wont mind if it keeps on going in this direction...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-08-14-08-27-26.png Size: 90 KB
Quoting Skadef
{quote} Filipo.... dont u wanna look into this price action indicator for me... {file}
Sorry Skadef, I am on mobile platforms exclusively..
I used to be indecisive but now I'm not so sure...
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