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Monthly Profit - Daily Trading using SMA

  • #9,321
  • Oct 11, 2017 4:40am Oct 11, 2017 4:40am
Quoting vAmZaI
Is it a good timing to enter LONG now? What do you think? {image}
Not having the complete view as I am traveling , but I would say yes.
I would try to find a good entry today using H1. Last few hours pretty weak.
  • #9,322
  • Oct 11, 2017 5:03am Oct 11, 2017 5:03am
Quoting Malu
{quote} Not having the complete view as I am traveling , but I would say yes. I would try to find a good entry today using H1. Last few hours pretty weak.
Thanks for the advice, I'll find a good entry
  • #9,323
  • Oct 11, 2017 10:31am Oct 11, 2017 10:31am
Quoting vAmZaI
Is it a good timing to enter LONG now? What do you think? {image}
Hi vAmZaI,

I looked at EUR/USD but didn't like the look of it see chart below.....

Not that my, or anyone else's, opinion should matter to you at the end of the day it's your money you are Trading.
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Oct 17 EUR:USD D1 Observations.png Size: 129 KB
  • #9,324
  • Oct 11, 2017 3:10pm Oct 11, 2017 3:10pm
Hi guys

If you really want to learn how to trade the daily chart watch this video. It's an eye-opener I promise you!

https://www.youtube.com/watch?v=2x6acQ9B-Pc
  • #9,325
  • Oct 11, 2017 4:08pm Oct 11, 2017 4:08pm
USD/CAD D1 Pending Limit Sell
Attached Image (click to enlarge)
Click to Enlarge Name: 11th oct 17 USD:CAD D1 Pending Limit Sel.png Size: 100 KB
  • #9,326
  • Oct 11, 2017 4:17pm Oct 11, 2017 4:17pm
Quoting stevepatt
{quote} Hi Malu, GBP/USD D1 Pending Limit Buy {image}
GBP/USD Buy Trade has Triggered

Moved second Pending Limit Buy up to 1.32000 RN
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Oct 17 GBP:USD H1 Observations.png Size: 127 KB
  • #9,327
  • Oct 11, 2017 4:22pm Oct 11, 2017 4:22pm
Quoting stevepatt
{quote} AUD/USD Buy Trade Update Yesterday AUD/USD failed to make a New Low. I have cancelled the Limit Sell at 0.78000. {image}
AUD/USD W1 Update
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Oct 17 AUD:USD W1 Update.png Size: 102 KB
  • #9,328
  • Edited 9:00pm Oct 11, 2017 8:43pm | Edited 9:00pm
USDZAR signal.
Due to long crossing candlestick entry on retracement around 13.5950 (23.6% Fibonacci) would be less risky.
Please remember trade size must adapt to S/L and not the opposite.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 55A4AB9D-5223-4681-B3FA-3D9B172D69C9.png Size: 361 KB
Click to Enlarge Name: C9DEAA0C-6236-4FF2-90CC-8CBF15C5D471.png Size: 372 KB
I used to be indecisive but now I'm not so sure...
  • #9,329
  • Oct 12, 2017 12:28am Oct 12, 2017 12:28am
Quoting stevepatt
{quote} GBP/AUD Long Trade Triggered {image}
GBP/AUD D1 Long Trade Result

+82.3 Pips Net +0.41% Net Return

AUD is strengthening
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 17 GBP:AUD D1 Long Trade Result.png Size: 115 KB
  • #9,330
  • Oct 12, 2017 1:41am Oct 12, 2017 1:41am
Quoting stevepatt
{quote} GBP/USD Buy Trade has Triggered Moved second Pending Limit Buy up to 1.32000 RN {image}
Great. I put my one just a few pips too low — 7 to be correct. Happens.
  • #9,331
  • Oct 12, 2017 2:01am Oct 12, 2017 2:01am
Quoting Malu
{quote} Great. I put my one just a few pips too low — 7 to be correct. Happens.
Hi Malu,

I place most of my Pending Limit Orders at Whole and Half Numbers Institutions use them a lot to build positions.

Sometimes they don't Trigger and I'm ok with that because plenty more do.

After we see Momentum in the Market Price often returns to the Origins of that Momentum because not all the Orders get filled at the first visit.

This is basically the reasoning behind my Entry Method

My Short Trade on USD/CHF fault to Trigger by 2.8 Pips yesterday, I've now pulled the Trade.
  • #9,332
  • Oct 12, 2017 5:15am Oct 12, 2017 5:15am
Quoting stevepatt
USD/CAD D1 Pending Limit Sell {image}
Hi steve, me too! Where do you placed the stop loss?
  • #9,333
  • Oct 12, 2017 12:24pm Oct 12, 2017 12:24pm
Quoting Joseph95
{quote} Hi steve, me too! Where do you placed the stop loss?

Hi Joseph,

My Stop Loss is +200 pips at 1.27000.

The Stop is used in case of an unexpected move my Bias will have changed to Bullish long before it is triggered.

The AUD/USD Trade illustrates this my Bias has gone from Bullish to Bearish and back to Bullish and my Stop has never been in danger.
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 17 AUD:USD D1 Observations.png Size: 121 KB
  • #9,334
  • Oct 12, 2017 12:51pm Oct 12, 2017 12:51pm
Quoting stevepatt
{quote} Hi Joseph, My Stop Loss is +200 pips at 1.27000. The Stop is used in case of an unexpected move my Bias will have changed to Bullish long before it is triggered. The AUD/USD Trade illustrates this my Bias has gone from Bullish to Bearish and back to Bullish and my Stop has never been in danger. {image}
May i ask was did you bias change as the daily candles formed in relation to the 5sma?

was watching cable today based on what I’ve read here was literally stopped to the pip before continuing lol my fault for tight stop
  • #9,335
  • Oct 12, 2017 2:10pm Oct 12, 2017 2:10pm
Quoting Philios13
{quote} May i ask was did you bias change as the daily candles formed in relation to the 5sma? was watching cable today based on what I’ve read here was literally stopped to the pip before continuing lol my fault for tight stop

Hi Philios,

Take a look at the chart below...

I consider it more important to stay in a Trade, with a wide Stop, than to have a large R:R Ratio.

Took me 7 years to figure that one out.
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 17 AUD:USD D1 Observations.png Size: 109 KB
  • #9,336
  • Oct 12, 2017 4:12pm Oct 12, 2017 4:12pm
EUR/AUD D1 Pending Limit Sell
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 17 EUR:AUD D1 Pending Limit Sell.png Size: 115 KB
  • #9,337
  • Oct 12, 2017 4:23pm Oct 12, 2017 4:23pm
Quoting stevepatt
{quote} Hi Philios, Take a look at the chart below... I consider it more important to stay in a Trade, with a wide Stop, than to have a large R:R Ratio. Took me 7 years to figure that one out. {image}
Thanks for taking the time to reply Steve really appreciate it.

im slowly coming around to that way of thinking myself steve. I learnt a lot from a trader who never used stops just traded tiny positions across 60 pairs I thought he was mad but a fantastic Trader.

if you want to catch the trend you have to put a big net in.

need to find a decent broker that will let me trade small lots

Can you recommend any decent posts / users that explain market structure / pa? I’m capable of using the search ( before someone comments) but just looking for recommendations
  • #9,338
  • Oct 12, 2017 4:45pm Oct 12, 2017 4:45pm
Hi Philios,

hope you dont mind the reply, i just noticed your question about structure etc. I have just watched the following video and found it to be immensely helpful. I have no connection whatsoever with the producers of the video but it answered so many questions. I hope that it works for you to.

Inserted Video
Just trying to put a kiss on the cheek of success
  • #9,339
  • Oct 12, 2017 4:53pm Oct 12, 2017 4:53pm
Quoting pet3250
Hi Philios, hope you dont mind the reply, i just noticed your question about structure etc. I have just watched the following video and found it to be immensely helpful. I have no connection whatsoever with the producers of the video but it answered so many questions. I hope that it works for you to. https://www.youtube.com/watch?v=2x6acQ9B-Pc
Cheers Pet3250 will give it a watch!
  • #9,340
  • Oct 12, 2017 5:04pm Oct 12, 2017 5:04pm
Hello
I was waiting for a good sign for long NzdJpy to nigth.

But it is almost there, but I am not so many % over 50 % sure.

So ... we will see.
Thank you and all the best.
All the best to all of you. But don't follow me. I am a learner.
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