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Monthly Profit - Daily Trading using SMA

  • #8,861
  • Aug 6, 2017 10:03am Aug 6, 2017 10:03am
HI GUYZ WHAT YOU THINK OF THIS SETUP.......

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  • #8,862
  • Aug 6, 2017 11:46am Aug 6, 2017 11:46am
Quoting Iniezta
Hi all. I'm newbie on forex. It seems interesting strategy. Let me join and share my trading result for the next coming weeks. Good luck to all of you then.
Welcome
All the best to all of you. But don't follow me. I am a learner.
  • #8,863
  • Aug 6, 2017 11:47am Aug 6, 2017 11:47am
Quoting bvorabill
Interesting trading ideas Thanks a lot
Welcome
All the best to all of you. But don't follow me. I am a learner.
  • #8,864
  • Aug 6, 2017 12:22pm Aug 6, 2017 12:22pm
Quoting sanadsa
HI GUYZ WHAT YOU THINK OF THIS SETUP....... {image}
Hi Sanadsa, for me it is a good continuation pattern of the setup initiated on July 31st. Last Friday's retracement offered a good re-entry opportunity.
I used to be indecisive but now I'm not so sure...
  • #8,865
  • Aug 6, 2017 10:24pm Aug 6, 2017 10:24pm
Hi everybody,
I find this method very interesting and simple. I have a question what are the parameters for the BB?
  • #8,866
  • Aug 7, 2017 12:37am Aug 7, 2017 12:37am
Quoting Hansfatdwarf
Hi everybody, I find this method very interesting and simple. I have a question what are the parameters for the BB?
Hi Hansfatdwarf, just the regular ones : sma 20 (close) , 2 and 2 for deviations.
I used to be indecisive but now I'm not so sure...
  • #8,867
  • Aug 7, 2017 4:25pm Aug 7, 2017 4:25pm
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All the best to all of you. But don't follow me. I am a learner.
  • #8,868
  • Aug 8, 2017 1:47am Aug 8, 2017 1:47am
Hi I like this strategy and is trying out on my demo account.

I was wondering, is it absolutely necessary for SMA to point upwards/downwards?

I have seen set ups that have already crossed the SMA line (bearish) but the SMA is still pointing up and vice versa

Can I still get in if SMA doesn't yet point to the direction we want?
  • #8,869
  • Aug 8, 2017 3:34am Aug 8, 2017 3:34am
Quoting fated82
Hi I like this strategy and is trying out on my demo account. I was wondering, is it absolutely necessary for SMA to point upwards/downwards? I have seen set ups that have already crossed the SMA line (bearish) but the SMA is still pointing up and vice versa Can I still get in if SMA doesn't yet point to the direction we want?
Hi Fated82,

This is not a sect! Demo is a perfect place for experiments.
Thanks for letting us know if you observe a higher ratio of successful trades with or without taking in consideration the SMA orientation.
Personally for instance I prefer in most cases to add MACD confirmation unless the candlestick pattern is really strong.
There are always ways to improve our success rate but we should avoid to fall in the trap of considering this system or any other as a science and trade too mechanically I guess.
This is a statement I heard from Anton Kreil in one of his video of the serial "make me a trader" if I don't mistake and I can just humbly agree 100%.
I used to be indecisive but now I'm not so sure...
  • #8,870
  • Aug 8, 2017 2:46pm Aug 8, 2017 2:46pm
Hey anyone still using the daily cross script? I tried to use it but it won't work. Seems like Metatrader 4 was updated.
Gentlemen always play by the rules, if they can't, they change them.
  • #8,871
  • Aug 8, 2017 5:08pm Aug 8, 2017 5:08pm
Quoting Bsmile44
Hey anyone still using the daily cross script? I tried to use it but it won't work. Seems like Metatrader 4 was updated.
Hello
Sorry. I do not know a thing about scripts and so on. I use look at the resp. Charts and do or do not take a position.
All the best, and take care.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,872
  • Edited Aug 9, 2017 8:19am Aug 8, 2017 5:10pm | Edited Aug 9, 2017 8:19am
Quoting Oddbjorg
{image}
Closed trade 1 with ++, and do let 2 go on with sl

Otherwise no trade for me. Eu is always tempting, but I do not have the skill to profit out of that, as it is now.

All the best.

--

EDIT - 09 08 2017 16:18 gmt +1
Closed trade 1 some 40 pips trade 2 some 30

Thank you.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,873
  • Aug 8, 2017 11:36pm Aug 8, 2017 11:36pm
Short setup on EURJPY . I entered a bit late unfortunately.
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I used to be indecisive but now I'm not so sure...
  • #8,874
  • Aug 9, 2017 12:36am Aug 9, 2017 12:36am
EURUSD also looks good.
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I used to be indecisive but now I'm not so sure...
  • #8,875
  • Aug 9, 2017 1:03am Aug 9, 2017 1:03am
Quoting Filipo1
{quote} Hi Hansfatdwarf, just the regular ones : sma 20 (close) , 2 and 2 for deviations.
Thanks Filipo.
I entered two days ago my first trades using this method. Short GBP/JPY, shor USD/CHN, Short GBP/USD and long USD/SEK All look good so far.
Not sure about shorting EURUSD, the bull trend is quite strong
  • #8,876
  • Aug 9, 2017 2:16am Aug 9, 2017 2:16am
Quoting Hansfatdwarf
{quote} Thanks Filipo. I entered two days ago my first trades using this method. Short GBP/JPY, shor USD/CHN, Short GBP/USD and long USD/SEK All look good so far. Not sure about shorting EURUSD, the bull trend is quite strong
Hi Hansfatdwarf, I don't know if you are familiar with this indicator but what convinced me are the monthly and H4 ichimoku charts: rebound below the cloud on the monthly, bearish Tenkan/Kijun crossover on H4.
I used to be indecisive but now I'm not so sure...
  • #8,877
  • Aug 9, 2017 4:28am Aug 9, 2017 4:28am
Quoting Filipo1
{quote} Hi Hansfatdwarf, I don't know if you are familiar with this indicator but what convinced me are the monthly and H4 ichimoku charts: rebound below the cloud on the monthly, bearish Tenkan/Kijun crossover on H4.
Hi Filipo,
So you are also using ichimoku on H4 to ensure the eurusd trend has changed? Why H4 instead of H1 or other TF? thank you.
  • #8,878
  • Aug 9, 2017 4:44am Aug 9, 2017 4:44am
Quoting Filipo1
EURUSD also looks good. {image}
I am shorting this pair based on the strategy. So far after a few rounds of demos using this strategy, it works quite well.
  • #8,879
  • Aug 9, 2017 6:13am Aug 9, 2017 6:13am
Quoting Iniezta
{quote} Hi Filipo, So you are also using ichimoku on H4 to ensure the eurusd trend has changed? Why H4 instead of H1 or other TF? thank you.
Hi Iniezta,
Not systematically, again I am not trying to replicate an EA...
Now regarding timeframes I use daily to identify setups, weekly and monthly for trends. H4 is the smallest meaningful timeframe for my perception of a market means changes in the buyers/sellers proportion, the rest is meaningless for that purpose although lower TFs can be used for other purposes if you want to spend the day on your screen.
I used to be indecisive but now I'm not so sure...
  • #8,880
  • Aug 9, 2017 7:20am Aug 9, 2017 7:20am
Thanks Filipo. Some friends told me to use trending line, but some others suggest ichimoku to identify when the trend is changing. It confused me to decide OP new trade. For the time frame case, i think i need to do some forward test on high TF to get more understanding about your system. Thanks.
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