Monthly Profit - Daily Trading using SMA | Page 446 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #8,901
  • Aug 10, 2017 10:05pm Aug 10, 2017 10:05pm
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...
  • #8,902
  • Aug 11, 2017 1:01am Aug 11, 2017 1:01am
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
  • #8,903
  • Edited 2:18am Aug 11, 2017 1:26am | Edited 2:18am
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...
  • #8,904
  • Aug 11, 2017 7:08am Aug 11, 2017 7:08am
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.
  • #8,905
  • Aug 11, 2017 2:38pm Aug 11, 2017 2:38pm
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
  • #8,906
  • Aug 11, 2017 2:43pm Aug 11, 2017 2:43pm
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.
  • #8,907
  • Aug 12, 2017 2:53am Aug 12, 2017 2:53am
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
  • #8,908
  • Aug 12, 2017 3:27am Aug 12, 2017 3:27am
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)
Click to Enlarge Name: Screenshot_2017-08-12-10-21-33.png Size: 93 KB
  • #8,909
  • Aug 12, 2017 8:44am Aug 12, 2017 8:44am
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.
  • #8,910
  • Aug 12, 2017 8:50am Aug 12, 2017 8:50am
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.
  • #8,911
  • Aug 12, 2017 10:49am Aug 12, 2017 10:49am
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.
  • #8,912
  • Aug 12, 2017 11:41am Aug 12, 2017 11:41am
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.
  • #8,913
  • Aug 12, 2017 1:05pm Aug 12, 2017 1:05pm
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.
  • #8,914
  • Edited 11:46am Aug 13, 2017 10:00am | Edited 11:46am
EUR...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD 13AUG2017.png Size: 139 KB
Click to Enlarge Name: EURJPY 13AUG2017.png Size: 124 KB
Click to Enlarge Name: AUDJPY W. 13AUG2017.png Size: 134 KB
I used to be indecisive but now I'm not so sure...
  • #8,915
  • Aug 13, 2017 10:16am Aug 13, 2017 10:16am
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...
  • #8,916
  • Aug 13, 2017 10:19am Aug 13, 2017 10:19am
There is no eur news this week and on both images it spells reversal to trend...
  • #8,917
  • Edited 11:06pm Aug 13, 2017 10:38pm | Edited 11:06pm
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...
  • #8,918
  • Aug 14, 2017 12:26am Aug 14, 2017 12:26am
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 | 392 downloads
  • #8,919
  • Aug 14, 2017 1:29am Aug 14, 2017 1:29am
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
  • #8,920
  • Aug 14, 2017 3:20am Aug 14, 2017 3:20am
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...
8 traders viewing now