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Monthly Profit - Daily Trading using SMA

  • #9,181
  • Edited 10:46am Sep 28, 2017 10:33am | Edited 10:46am
Quoting Malu
I am really grateful that jmtini pointed my nose on that topic (SM). He convinced me, and now I am having another view on many charts. So please let’s discuss controversial but with respect. As I am still a learner in the FX market I am happy for any advice. We also should stick to the topic of this thread as I still believe that this approach could work.
Hi Malu

Thank you. Just click on "mw108" and press the ignore button. People like this are best ignored. They tear down but have absolutely nothing concrete or constructive to replace it with.

Would be surprised if the guy was one of those who got caught a couple of times in one of those MM traps we've been discussing. Seems to have a chip on his shoulder the size of an Oaktree!

Anyway thank goodness for the ignore button
  • #9,182
  • Edited 1:35pm Sep 28, 2017 12:06pm | Edited 1:35pm
Quoting jmtini
{quote} Hi Malu Thank you. Just click on "mw108" and press the ignore button. People like this are best ignored. They tear down but have absolutely nothing concrete or constructive to replace it with. Would be surprised if the guy was one of those who got caught a couple of times in one of those MM traps we've been discussing. Seems to have a chip on his shoulder the size of an Oaktree! Anyway thank goodness for the ignore button
Yes, simply ignore those who disagree with you, because they are all such negative nancys. And then do best to post it in the forums to show everyone else how butthurt you are and how you can't handle different opinions. People like you remind me of religious fanatics.

I pointed out why GBPCAD and GBPCHF didn't work, because they didn't comply with the rules for our setup. No need to blame evil banks for "liquidity hunting".
  • #9,183
  • Sep 28, 2017 5:08pm Sep 28, 2017 5:08pm
As far as I see there are no valid setups for today.
  • #9,184
  • Sep 28, 2017 7:11pm Sep 28, 2017 7:11pm
Hello all.
No trade for me.
Spending time on backtesting.
All the best and take care.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #9,185
  • Sep 28, 2017 7:16pm Sep 28, 2017 7:16pm
NZDUSD continues after the pull back yesterday?
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  • #9,186
  • Sep 28, 2017 7:45pm Sep 28, 2017 7:45pm
Quoting Oddbjorg
Hello all. No trade for me. Spending time on backtesting. All the best and take care. Oddbj.
Hi, How is the backtesting going?
  • #9,187
  • Sep 28, 2017 10:09pm Sep 28, 2017 10:09pm
Hi all,

I've been following this thread for few weeks now and I can say I'm so impressed. Thanks to all the contributors. Hope I can contribute also one day.
  • #9,188
  • Edited 11:21pm Sep 28, 2017 11:07pm | Edited 11:21pm
Copper sent a signal:
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I used to be indecisive but now I'm not so sure...
  • #9,189
  • Sep 29, 2017 4:48am Sep 29, 2017 4:48am
Quoting Le.mj
Hi all, I've been following this thread for few weeks now and I can say I'm so impressed. Thanks to all the contributors. Hope I can contribute also one day.
Hi Le.mj

Thank you. Do hesitate to contribute. No matter what, any constructive contribution is appreciated. I'm sure that all will agree with me!

Guys I see the present pullback on EU as a minor one and pretty sure that we'll continue down later today or tomorrow .

In the meantime I'm actually watching GU and GJ - Looks to me that GBPUSD is looking good for a fall back to 1.30 area ? On the other hand, could it just be a liquidity hunt? We'll see!
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  • #9,190
  • Sep 29, 2017 6:45am Sep 29, 2017 6:45am
Quoting Le.mj
Hi all, I've been following this thread for few weeks now and I can say I'm so impressed. Thanks to all the contributors. Hope I can contribute also one day.
join the discussion,please. I am also new here , but would really appreciate if the thread stays alive, and we could learn from each other.

Today no setup (regarding the rules) for me either, but I would also remain bearish for GBP today, after UK data this morning.
(Still in GBPCAD, will see what happens , after price dropped below 1,30).
  • #9,191
  • Sep 29, 2017 7:56am Sep 29, 2017 7:56am
Quoting Filipo1
Copper sent a signal: {image}
Hi Filipo1,

Any reason why you use MACD over other oscillators for divergence?
  • #9,192
  • Sep 29, 2017 8:19am Sep 29, 2017 8:19am
Quoting shimmering
{quote} Hi, How is the backtesting going?
Hello Shimmering.
Hope all is well.
Example ... Taking a printscreen, when seeing a possible set up, whether you take it or not. Make notes. Going back after some dayes, and see if the % chance you gave it was ok. And try to find out ... ... what was rigth and wrong ... with my look at it.
This is maybe not so prof backtesting, but I get some out of it.
All the best. Hope it goes well with you.
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All the best to all of you. But don't follow me. I am a learner.
  • #9,193
  • Sep 29, 2017 9:33am Sep 29, 2017 9:33am
Ladies and Gentlemen, this forum has had a wonderful run of it. Very glad to find you.

I have traded D1 with other settings with some success, but using the core strategy of S 5,0 appears better to me. You folks already know that!

The mere long tenure of "Monthly Profit" is proof of it long term success.

I hope to join with you and add something along the way.

Wonderful weekend to all.

F-S
  • #9,194
  • Sep 29, 2017 10:09am Sep 29, 2017 10:09am
By the way, I should have mentioned this before. You must admire the outstanding contributions of those such as jmtini, Filipo1 and Oddbjorg for both their long service and excellent additions and observations regularly shared here. THANK YOU. To those still on-board I may have missed, my apologies.

I read several dozens of pages at the beginning and re-entered the reading around post 9000 to catch up. Of course, there are modifications, but it is amazing how intact the original idea continues to be.

Bravo to all traders here. And Bk8, wherever you are, you deserve a crown for your beginning and long efforts with the forum. Every success, sir.

FS
  • #9,195
  • Sep 29, 2017 10:35am Sep 29, 2017 10:35am
Quoting Forest-Sea
By the way, I should have mentioned this before. You must admire the outstanding contributions of those such as jmtini, Filipo1 and Oddbjorg for both their long service and excellent additions and observations regularly shared here. THANK YOU. To those still on-board I may have missed, my apologies. I read several dozens of pages at the beginning and re-entered the reading around post 9000 to catch up. Of course, there are modifications, but it is amazing how intact the original idea continues to be. Bravo to all traders here. And Bk8, wherever...
Well said, true words. And welcome.
  • #9,196
  • Sep 29, 2017 11:36am Sep 29, 2017 11:36am
Quoting Forest-Sea
By the way, I should have mentioned this before. You must admire the outstanding contributions of those such as jmtini, Filipo1 and Oddbjorg for both their long service and excellent additions and observations regularly shared here. THANK YOU. To those still on-board I may have missed, my apologies. I read several dozens of pages at the beginning and re-entered the reading around post 9000 to catch up. Of course, there are modifications, but it is amazing how intact the original idea continues to be. Bravo to all traders here. And Bk8, wherever...
Hello and welcome.
Thanks for the nice words.
All the best.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #9,197
  • Sep 29, 2017 1:29pm Sep 29, 2017 1:29pm
Quoting Forest-Sea
By the way, I should have mentioned this before. You must admire the outstanding contributions of those such as jmtini, Filipo1 and Oddbjorg for both their long service and excellent additions and observations regularly shared here. THANK YOU. To those still on-board I may have missed, my apologies. I read several dozens of pages at the beginning and re-entered the reading around post 9000 to catch up. Of course, there are modifications, but it is amazing how intact the original idea continues to be. Bravo to all traders here. And Bk8, wherever...
Hi Forest-Sea

Thanks so much for your kind words. We try our best to isolate good set-ups and hopefully beat those sharks who are out to eat us. We do get a few bitter and twisted characters like "mw108" appearing now and and then but they soon submerge and hopefully wont resurface again for a long time!

Anyway, it seems the week could end on a good note - hoping for a resumption of the EU down trend on Monday

A good weekend to all
  • #9,198
  • Sep 29, 2017 5:20pm Sep 29, 2017 5:20pm
Something to consider...
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  • #9,199
  • Sep 29, 2017 10:46pm Sep 29, 2017 10:46pm
Quoting Le.mj
{quote} Hi Filipo1, Any reason why you use MACD over other oscillators for divergence?
Hi Le.mj, it is based on my experience after reading the articles in the links below. But as Oddbjorg I consider myself as a learner, and hopefully I will keep this beginner's mind (and some zen mind as well ) so I might discover some even more effective tool in the future.
I use it essentially as a filter. I observed a higher success probability when the MACD had already crossed the signal line in the direction of the setup.
And as for all oscillators divergence with price action provides additional confidence in the setup.

These articles will hopefully help you to use it adequately:
https://www.luckscout.com/how-to-use-macd/
https://www.luckscout.com/macd-divergence/

If you are using a platform providing the traditional MACD with histogram (not originally available on MT4 and MT5):
https://www.luckscout.com/macd-histogram/
I used to be indecisive but now I'm not so sure...
  • #9,200
  • Sep 29, 2017 10:47pm Sep 29, 2017 10:47pm
Quoting Forest-Sea
By the way, I should have mentioned this before. You must admire the outstanding contributions of those such as jmtini, Filipo1 and Oddbjorg for both their long service and excellent additions and observations regularly shared here. THANK YOU. To those still on-board I may have missed, my apologies. I read several dozens of pages at the beginning and re-entered the reading around post 9000 to catch up. Of course, there are modifications, but it is amazing how intact the original idea continues to be. Bravo to all traders here. And Bk8, wherever...
Hi Forest-Sea, thanks for the kind words and welcome.
I used to be indecisive but now I'm not so sure...
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