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Monthly Profit - Daily Trading using SMA

  • #8,801
  • Jul 22, 2017 11:52pm Jul 22, 2017 11:52pm
Coming back on the AUD pairs here are the confirmed signals:
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I used to be indecisive but now I'm not so sure...
  • #8,802
  • Jul 23, 2017 12:13am Jul 23, 2017 12:13am
Quoting Filipo1
And finally a pending stop buy order in USDZAR {image}
It seems the resistance remains valid and with the new clear bearish signal on SMA5 I now look to sell below 12.8650
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I used to be indecisive but now I'm not so sure...
  • #8,803
  • Jul 23, 2017 12:14am Jul 23, 2017 12:14am
And to close a few other signals on which I will take action

Good luck to all.
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I used to be indecisive but now I'm not so sure...
  • #8,804
  • Jul 23, 2017 3:33am Jul 23, 2017 3:33am
Quoting Filipo1
{quote} It seems the resistance remains valid and with the new clear bearish signal on SMA5 I now look to sell below 12.8650 {image}
Hi Filipo, I have noticed that you look at some of the not so popular pairs.
Is there any reason for this may I ask? How do you cope with the spreads?
  • #8,805
  • Edited 2:34pm Jul 23, 2017 5:51am | Edited 2:34pm
[quote=medIce;10112259]
Quoting jmtini
{quote} Im still in on GBPJPY Short. Looking it to hit 139.000 TP: Set at 139.100

Nice one indeed!

I think a lot of traders may not realise that it's not always too late to get in - for instance on Friday GJ was banging up against falling resistance (in this case the 100 EMA) and eventually of course it took the drop. Opening a trade anywhere just on or under the ema line would have produced a nice few pips. This is not "hindsight trading" because it's happening all the time every single day on different trading pairs.

I like this daily chart system but I for one would never open a trade on the daily chart - rather go down to the 30 min or 15 min - that way one can get away with a much smaller stop loss!
  • #8,806
  • Jul 23, 2017 6:39am Jul 23, 2017 6:39am
Quoting jmtini
Quoting medice
{quote} nice one indeed! I think a lot of traders may not realise that it's not always too late to get in - for instance on friday gj was banging up against falling resistance (in this case the 100 ema) and eventually of course it took the drop. Opening a trade anywhere just on or under the ema line would have produced a nice few pips. This is not "hindsight trading" because it's happening all the time every single day on different trading pairs. I like this daily chart system but i for one would never open a trade on the
...

i seriously doubt that it will go any further than 142.20....and then all the way up to 1.53
  • #8,807
  • Jul 23, 2017 8:46am Jul 23, 2017 8:46am
Quoting Burtsfolly
{quote} Hi Filipo, I have noticed that you look at some of the not so popular pairs. Is there any reason for this may I ask? How do you cope with the spreads?
Hi Burtsfolly,
These pairs are indeed volatile and a wrong trade can be costly and consequently the spreads are also wider.
I just adapt my trade size to the increased risk.
I used to be indecisive but now I'm not so sure...
  • #8,808
  • Jul 23, 2017 8:51am Jul 23, 2017 8:51am
Quoting stormtrader
{quote}{quote} i seriously doubt that it will go any further than 142.20....and then all the way up to 1.53

I trust my process, and my trading style. Also i know a many big players are targeting 139.000 ( Double Bottom)
  • #8,809
  • Jul 23, 2017 2:32pm Jul 23, 2017 2:32pm
Quoting stormtrader
{quote}{quote} i seriously doubt that it will go any further than 142.20....and then all the way up to 1.53
Who cares?

I close my trades at the end of the session so if it goes up next week, C'Est la Vie!
  • #8,810
  • Jul 23, 2017 2:43pm Jul 23, 2017 2:43pm
Quoting medIce
{quote} I trust my process, and my trading style. Also i know a many big players are targeting 139.000 ( Double Bottom)
Hi MedIce, like Stormtrader I would be inclined to expect a bullish breakout of this 9 months old ascending triangle after price action touches the support line now around 141.10 - 141.60. But maybe we have been programmed to think this way to make us more predictable and woolly sheeps...
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I used to be indecisive but now I'm not so sure...
  • #8,811
  • Jul 24, 2017 4:48am Jul 24, 2017 4:48am
Quoting Burtsfolly
{quote} Hi Filipo, I have noticed that you look at some of the not so popular pairs. Is there any reason for this may I ask? How do you cope with the spreads?
USDTRY just closed
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I used to be indecisive but now I'm not so sure...
  • #8,812
  • Jul 24, 2017 10:04am Jul 24, 2017 10:04am
Quoting Filipo1
{quote} Hi MedIce, like Stormtrader I would be inclined to expect a bullish breakout of this 9 months old ascending triangle after price action touches the support line now around 141.10 - 141.60. But maybe we have been programmed to think this way to make us more predictable and woolly sheeps... {image}
Hey Filipo1, Sure, i have that same TL drawn in my charts. And i will be closely looking when price hits TL, what is happening and then make my decision., But like you said about us to programmed. Wich one everyone sees? Trendline or Possible Double bottom? Probably the easier one will be first acting as support and then MMs break it. Thats how i think market. Not just in this situation.
  • #8,813
  • Jul 25, 2017 3:37pm Jul 25, 2017 3:37pm
Quoting Filipo1
{quote} Hi MedIce, like Stormtrader I would be inclined to expect a bullish breakout of this 9 months old ascending triangle after price action touches the support line now around 141.10 - 141.60. But maybe we have been programmed to think this way to make us more predictable and woolly sheeps... {image}
same exact formation was for all yen pairs...one by one broke above the resistance eventually.....
same formation on AU....just a matter of time
  • #8,814
  • Jul 25, 2017 5:13pm Jul 25, 2017 5:13pm
Hello.
I see and understand a little bit of what you say about the GY.
No trade for me.
All the best.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,815
  • Jul 25, 2017 8:31pm Jul 25, 2017 8:31pm
hi,
where can I find the link download SMA,5.0 and BB option ?
Could you give a link to download it ?
  • #8,816
  • Jul 25, 2017 10:58pm Jul 25, 2017 10:58pm
Quoting Mianlien
hi, where can I find the link download SMA,5.0 and BB option ? Could you give a link to download it ?
Hi Mianlien,

There is nothing to download. SMA is moving average and BB is bolinger bond. These are indicators available in your MT4. you can add them and do the settings.

Benz
  • #8,817
  • Jul 26, 2017 7:15pm Jul 26, 2017 7:15pm
AN
All the best to all of you. But don't follow me. I am a learner.
  • #8,818
  • Edited 3:26am Jul 27, 2017 2:48am | Edited 3:26am
We got a signal on CHFJPY
BB have been touched but in a squeeze formation so I do not take it in consideration, more important to me is positioning of the setup for a likely reversal and below Bollinger middle band.
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I used to be indecisive but now I'm not so sure...
  • #8,819
  • Jul 27, 2017 4:22am Jul 27, 2017 4:22am
NZDCAD also looks good.
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I used to be indecisive but now I'm not so sure...
  • #8,820
  • Jul 27, 2017 6:31am Jul 27, 2017 6:31am
Quoting Filipo1
We got a signal on CHFJPY BB have been touched but in a squeeze formation so I do not take it in consideration, more important to me is positioning of the setup for a likely reversal and below Bollinger middle band. {image}
Yes I like it.
...

And NC too
All the best to all of you. But don't follow me. I am a learner.
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