Monthly Profit - Daily Trading using SMA

Quoting mikeh3855

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JMtini, Do you mind sharing your currency meter? It looks a little different than ones I've seen. And about it, is there any reliability with it on higher time frames? Mike

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Quoting jmtini

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{quote} Hi mikeh Of course. It's attached. Well I think it works the same on all time frames or at least it gives the same reading on all time frames. You can also use "csdash" which I believe is really good: https://www.forexfactory.com/showthr...0#post10623930 - but it requires one to set up a separate chart. {file}

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Quoting jmtini

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{quote} Hi mikeh Of course. It's attached. Well I think it works the same on all time frames or at least it gives the same reading on all time frames. You can also use "csdash" which I believe is really good: https://www.forexfactory.com/showthr...0#post10623930 - but it requires one to set up a separate chart. {file}

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Quoting netas369

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{quote} Can I ask you what is it?

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Quoting netas369

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Im still on aud/chf, in about +25, was a big retracement back, but I think its because of holidays, now london session pushing again it back to its place. Also eur.cad and eur.aud signals which we talked about previously, are going to right direction also. btw JMTINI, forex power indi. The higher the number, the stronger the currency are? Am I right ?

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Quoting Boudain

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You mean other than to be profitable in a consistent manner?

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Quoting netas369

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{quote} Just everyone knows, that behind every strategy there must be logic why it works, if it's consistent, then of course it has something behind, but every trader must know why that trade can work, you feel more confident.

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Quoting jmtini

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{quote} Sorry about your AUDCHF trade netas, but to answer your question I think it's really the old story. Look for places to buy in an uptrend and sell in a downtrend. Identify trading pairs that are in clear uptrend/downtrend and look for a good place to join the trend. Clearly the AUDCHF pair is in an uptrend so one would looking for significant area to buy. Yes I know - it sounds easy but not so easy in practice! That's why I prefer to take it day by day but that of course is not the BK8 strategy {image}

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Quoting jmtini

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Well guys the position has completely turned around today. What a difference a day makes in the the forex market! The only pair that has kept it's shape to any degree is XAUUSD which due to fundamental reasons will IMHO keep going up. As far as GBPUSD is concerned it did hit resistance at 1.3600 as expected but I suspect it's just a liquidty hunt and we'll get buying interest again around 1.34/1.3450 it's going up to 1.4000 and beyond - that's definite IMHO I wouldn't look to buy now - might go down a bit more yet {image}

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Quoting netas369

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{quote} What 3 Ma's are you using? Looks good combination

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Quoting jmtini

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{quote} Hi netas I have PM'd you the combination. Guys, well we have the Euro strength we were expected ages ago! EURJPY really nice today - could easily be tracked on 5 min chart!

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Quoting Oddbjorg

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Hello NCh

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