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Monthly Profit - Daily Trading using SMA

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  • Post #11,701
  • Quote
  • Sep 21, 2020 11:28pm Sep 21, 2020 11:28pm
  •  michellepsfx
  • | Joined Sep 2020 | Status: Junior Member | 4 Posts
GBPCHF - No trade for today. Reason:
1. MA 5 still up
2. sideways pattern
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  • Post #11,702
  • Quote
  • Sep 22, 2020 2:49am Sep 22, 2020 2:49am
  •  Kodzhamanov
  • | Joined Jan 2017 | Status: Member | 27 Posts
Quoting Filipo1
Disliked
{quote} GBPJPY last Friday’s candlestick gave a nice one. {image}
Ignored

This pair still move very well south.
Dreams don't work unless you do
  • Post #11,703
  • Quote
  • Sep 22, 2020 2:52am Sep 22, 2020 2:52am
  •  Kodzhamanov
  • | Joined Jan 2017 | Status: Member | 27 Posts
Quoting michellepsfx
Disliked
GBPCHF - No trade for today. Reason: 1. MA 5 still up 2. sideways pattern {image}
Ignored
Hi, thanks for your suggestions.
One question :
What is the method(criteria) you use to decide which setup moving sideways and which one is trending ?
Dreams don't work unless you do
  • Post #11,704
  • Quote
  • Sep 22, 2020 3:05am Sep 22, 2020 3:05am
  •  michellepsfx
  • | Joined Sep 2020 | Status: Junior Member | 4 Posts
Quoting Kodzhamanov
Disliked
{quote} Hi, thanks for your suggestions. One question : What is the method(criteria) you use to decide which setup moving sideways and which one is trending ?
Ignored
Hi Kodzhamanov, please feel free to ask though I am still learning. I believe sharing & discussing will make me learn things faster.

For your questions about deciding which setup was sideways & trending, here it is my opinion. but i could be worng. cmiiw
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  • Post #11,705
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  • Sep 22, 2020 2:02pm Sep 22, 2020 2:02pm
  •  Kodzhamanov
  • | Joined Jan 2017 | Status: Member | 27 Posts
Hi, team !

Question:

How many pairs are you trade? Are you focus on 2-3 pairs so you can always aware of what it happens or you trade every pair which suits the rules of the strategy?
Dreams don't work unless you do
  • Post #11,706
  • Quote
  • Sep 24, 2020 1:44am Sep 24, 2020 1:44am
  •  ingo3344
  • | Joined Jan 2020 | Status: Member | 285 Posts
it looks like good
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  • Post #11,707
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  • Sep 24, 2020 7:31am Sep 24, 2020 7:31am
  •  Oddbjorg
  • Joined Aug 2016 | Status: Member | 1,615 Posts
Quoting Kodzhamanov
Disliked
Hi, team ! Question: How many pairs are you trade? Are you focus on 2-3 pairs so you can always aware of what it happens or you trade every pair which suits the rules of the strategy?
Ignored
Hello
Only 2 or 3 pairs at the time going.
For a time now NzdCad has been quite stabile to trade with.
All the best.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
1
  • Post #11,708
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  • Oct 1, 2020 3:14am Oct 1, 2020 3:14am
  •  Filipo1
  • Joined Nov 2013 | Status: Member | 827 Posts
AUDCHF looks good for upside continuation.
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I used to be indecisive but now I'm not so sure...
  • Post #11,709
  • Quote
  • Oct 1, 2020 12:09pm Oct 1, 2020 12:09pm
  •  Filipo1
  • Joined Nov 2013 | Status: Member | 827 Posts
USDCHF I might be wrong but I am not selling it despite the signal.
We had a strong rebound on the monthly chart with a bullish engulfing pattern bottoming up from a strong uptrend support line on the Dollar Index.
And daily RSI uptrend still in place above 50.
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I used to be indecisive but now I'm not so sure...
  • Post #11,710
  • Quote
  • Oct 4, 2020 1:20pm Oct 4, 2020 1:20pm
  •  RiskFighter
  • Joined Jun 2017 | Status: Robot coder | 167 Posts
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First chart is the weekly and second is the daily.
To me it looks like we could go north now. But it can as well continue south. Next week will tell and I am ready on the trigger.
Note I use a period of 100 on the BB so it doesn't look like yours.
Read post #1 !! Do it again 10 times before you ask.
1
  • Post #11,711
  • Quote
  • Oct 5, 2020 1:50pm Oct 5, 2020 1:50pm
  •  Kodzhamanov
  • | Joined Jan 2017 | Status: Member | 27 Posts
I am involved in 2 trades since Wednesday EUR/USD long and USD/CAD short. I plan to close half of my position after one day in profit and to let the profit goes.
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Dreams don't work unless you do
1
  • Post #11,712
  • Quote
  • Oct 8, 2020 10:03am Oct 8, 2020 10:03am
  •  Filipo1
  • Joined Nov 2013 | Status: Member | 827 Posts
NZDUSD seems ripe for a short.
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I used to be indecisive but now I'm not so sure...
2
  • Post #11,713
  • Quote
  • Oct 8, 2020 11:04am Oct 8, 2020 11:04am
  •  RiskFighter
  • Joined Jun 2017 | Status: Robot coder | 167 Posts
Agree. But will wait to se it go below the two previous LL. Then things can move fast.
Read post #1 !! Do it again 10 times before you ask.
  • Post #11,714
  • Quote
  • Oct 11, 2020 5:05pm Oct 11, 2020 5:05pm
  •  Kodzhamanov
  • | Joined Jan 2017 | Status: Member | 27 Posts
What is in on my radar for Monday. Which are the pairs you are plan to trade?
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Dreams don't work unless you do
  • Post #11,715
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  • Oct 16, 2020 2:38am Oct 16, 2020 2:38am
  •  Filipo1
  • Joined Nov 2013 | Status: Member | 827 Posts
EURUSD no comment needed I guess.
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I used to be indecisive but now I'm not so sure...
1
  • Post #11,716
  • Quote
  • Oct 16, 2020 3:19am Oct 16, 2020 3:19am
  •  Kodzhamanov
  • | Joined Jan 2017 | Status: Member | 27 Posts
Quoting Filipo1
Disliked
EURUSD no comment needed I guess. {image}
Ignored
I am also involved in this trade. One question: are you enter the trade on the next day after the SMA cross the candle or waiting one more day?
Dreams don't work unless you do
  • Post #11,717
  • Quote
  • Oct 16, 2020 3:23am Oct 16, 2020 3:23am
  •  Filipo1
  • Joined Nov 2013 | Status: Member | 827 Posts
Quoting Kodzhamanov
Disliked
{quote} I am also involved in this trade. One question: are you enter the trade on the next day after the SMA cross the candle or waiting one more day?
Ignored
Hi Kodzhamanov, I enter as soon as SMA5 is pointing up/down after a daily close.
I used to be indecisive but now I'm not so sure...
  • Post #11,718
  • Quote
  • Oct 16, 2020 3:24am Oct 16, 2020 3:24am
  •  Filipo1
  • Joined Nov 2013 | Status: Member | 827 Posts
NZDUSD Here we go...
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I used to be indecisive but now I'm not so sure...
  • Post #11,719
  • Quote
  • Oct 16, 2020 9:11am Oct 16, 2020 9:11am
  •  Forrrex
  • | Joined May 2020 | Status: Member | 8 Posts
Pretty good signal, I'm in also!
  • Post #11,720
  • Quote
  • Oct 21, 2020 4:08pm Oct 21, 2020 4:08pm
  •  Kodzhamanov
  • | Joined Jan 2017 | Status: Member | 27 Posts
A strong move in the market, changing direction. What is in your radar for tomorrow? I am monitoring a few pairs :

USD/CAD short (in the trade from yesterday, but still possible for entries)
CAD/JPY - short (was long the market hit the SL, now I am considering entering short)
EUR/GBP - short?
AUD/USD - long
NZD/JPY - long ( I am not sure about this one)

Still holding EUR/USD long. Anyone else in this trade?
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Dreams don't work unless you do
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