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Monthly Profit - Daily Trading using SMA

  • #9,901
  • Mar 10, 2018 4:12pm Mar 10, 2018 4:12pm
Hello and welcome.
For me the candle on the chart is to close to lower bb, ultra conservative as I am.
Well - I am sure some of the others onboard here will explain some more.
Hope this system will work well for you.
Take care.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #9,902
  • Mar 10, 2018 4:15pm Mar 10, 2018 4:15pm
Thanks for the feedback axecap! Good input on the MA and BB angle; will take that into consideration in the future. I have a phobia for weekend trades because I once held a few long JPY positions over a weekend when an event happened. Wound up losing $5000 on 3 standard lot positions; so yeah, you could say I'm a bit hesitant to hold weekend positions ever since. In time perhaps. Cheers!
  • #9,903
  • Mar 11, 2018 12:13am Mar 11, 2018 12:13am
Quoting Shangkay99
{quote} HI Filipo, Great post, keep the good work.
Hi Shangkay99, thanks for the kind words and glad if it can help.
All the best.
I used to be indecisive but now I'm not so sure...
  • #9,904
  • Mar 11, 2018 12:31am Mar 11, 2018 12:31am
Quoting ekjinvests
Thanks for the feedback axecap! Good input on the MA and BB angle; will take that into consideration in the future. I have a phobia for weekend trades because I once held a few long JPY positions over a weekend when an event happened. Wound up losing $5000 on 3 standard lot positions; so yeah, you could say I'm a bit hesitant to hold weekend positions ever since. In time perhaps. Cheers!
I'm not an expert on this method but I wouldn't have taken that trade because there is support under the entry candle. As axecap mention the correct entry should be 3 red candles earlier.
  • #9,905
  • Edited 1:13am Mar 11, 2018 12:44am | Edited 1:13am
Quoting ekjinvests
I'm new here, but not new to trading. To be honest, I've done just about everything wrong you could possibly do and have had very dark times. Trading led me down a wormhole that I'm trying to recover from. So yesterday I decided to pray that something would present itself that would work for my style and I happened upon this thread. Am impressed with the support and ongoing feedback you are all providing each other, so mega kudos to all of you for that! My feedback is that in backtesting charts, it is quite ingenious. I will have to train my eye...
Hi ekjinvests and welcome.
For me this red candle qualifies as a short setup according to the rules. Please remember that BB is optional for a more conservative approach. You can easily check on many charts that when a new trend starts BB will not limit the price action in anyway but mostly follow it... However beware of the middle band. This often plays support/resistance role. I gave it up for some time and re-introduced it recently because it just can't be ignored from my expericence.
In addition I would also have entered again on the next red candlestick which formed a typical continuation set-up. Remember: compounding on a trend is key to successful trading.
S/L: You must imperatively adapt the size of your trades to stop-loss distance and not the other way round or... Personally I gave up stop-loss because of... loss precisely. I use hedging stop orders in place. You can easily find some of my earlier posts where I explain it if you are interested.

Happy trading.


P.S. I am ususally sleeping at the time of daily opening so I refine my entries by checking H4 price action but always rely on the daily to identify setups of course.
I used to be indecisive but now I'm not so sure...
  • #9,906
  • Mar 11, 2018 7:57am Mar 11, 2018 7:57am
Quoting Oddbjorg
CCh 55% {image}
Hi Oddbjorg, you can proudly say you saw it first
https://www.dailyfx.com/forex/video/...ailyFXTVWidget

All the best.
I used to be indecisive but now I'm not so sure...
  • #9,907
  • Edited 11:56am Mar 11, 2018 8:26am | Edited 11:56am
Hi guys!
What's your take on this trade, considering the uptrend signal
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  • #9,908
  • Mar 11, 2018 1:06pm Mar 11, 2018 1:06pm
will it be right to go short on this trade...
analysis please
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  • #9,909
  • Mar 11, 2018 1:21pm Mar 11, 2018 1:21pm
Quoting Vcezeilo
Hi guys! What's your take on this trade, considering the uptrend signal {image}
Hi Vcezeilo,
I initially didn’t really pay enough attention to it but I like the divergence with MACD. Thanks for the call.
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I used to be indecisive but now I'm not so sure...
  • #9,910
  • Mar 11, 2018 1:33pm Mar 11, 2018 1:33pm
Quoting Vcezeilo
will it be right to go short on this trade... analysis please {image}
I also mentioned it yesterday, looks quite clear setup not much to add at the moment.
I used to be indecisive but now I'm not so sure...
  • #9,911
  • Mar 11, 2018 9:00pm Mar 11, 2018 9:00pm
Quoting anonymousey
{quote} here tis {image}
Hey there anonymousey...

Do you mind sharing the rules and principles of your system in a bit more detail?

Thanks in advance!
  • #9,912
  • Mar 11, 2018 11:16pm Mar 11, 2018 11:16pm
Hi everyone, AUDSGD sent a signal
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I used to be indecisive but now I'm not so sure...
  • #9,913
  • Mar 11, 2018 11:28pm Mar 11, 2018 11:28pm
Quoting zakhussain
{quote} Hey there anonymousey... Do you mind sharing the rules and principles of your system in a bit more detail? Thanks in advance!
You need Moving Average Color Bars not CCI

Attached File(s)
File Type: zip MA Bar Colors.zip   15 KB | 577 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #9,914
  • Mar 12, 2018 5:30am Mar 12, 2018 5:30am
Quoting Filipo1
Hi everyone, AUDSGD sent a signal {image}
So does AUDJPY
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I used to be indecisive but now I'm not so sure...
  • #9,915
  • Edited 3:35pm Mar 12, 2018 3:02pm | Edited 3:35pm
Hello friends.
AudCad long 55%
Of course there is the upper BB -so we will maybe later in this week be able to set a short position. Depends.
I am not able, at the moment, to lay out a copy of the chart. Sorry about that.
All the best.
Oddbjørg.
All the best to all of you. But don't follow me. I am a learner.
  • #9,916
  • Mar 12, 2018 11:16pm Mar 12, 2018 11:16pm
Quoting Oddbjorg
Hello friends. AudCad long 55% Of course there is the upper BB -so we will maybe later in this week be able to set a short position. Depends. I am not able, at the moment, to lay out a copy of the chart. Sorry about that. All the best. Oddbjørg.
Thanks Oddbjorg......I think there is potential for long but at these levels I'm going to wait for the short signal which I think could come anytime in the next 80 pips.
Good luck
Its all just one persons opinion
  • #9,917
  • Mar 12, 2018 11:28pm Mar 12, 2018 11:28pm
[quote=Oddbjorg;10865301]Hello friends. AudCad long 55%

Hi Oddbjorg please can you explain the reference to 55% in your post?

Thanks
Its all just one persons opinion
  • #9,918
  • Mar 12, 2018 11:51pm Mar 12, 2018 11:51pm
Quoting axecap
{quote} Thanks for your comments Filipo.....will see how it looks after the london open
Hi axecap, it seems the pair is finally coming your way after Friday’s continuation setup, well done. Additionally MACD is now showing a bullish crossover. It would be nice if today’s candlestick will close above Friday’s high and consequently above BB middle band.
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I used to be indecisive but now I'm not so sure...
  • #9,919
  • Mar 13, 2018 6:20am Mar 13, 2018 6:20am
[quote=axecap;10866195]
Quoting Oddbjorg
Hello friends. AudCad long 55% Hi Oddbjorg please can you explain the reference to 55% in your post? Thanks
Hello
% is how sure I am it will go my way..
I am more to the conservative side, and normally not do anything so close to upper bb, when going long, that is. But sma went through so with a small amount I am trying to teach myself more of Bk8 ish, and Fillipo1 ish way of thinking. We will see.Thank you.
All the best to all of you. But don't follow me. I am a learner.
  • #9,920
  • Mar 13, 2018 7:53am Mar 13, 2018 7:53am
Quoting Oddbjorg
Hello friends. AudCad long 55% Of course there is the upper BB -so we will maybe later in this week be able to set a short position. Depends. I am not able, at the moment, to lay out a copy of the chart. Sorry about that. All the best. Oddbjørg.
Took it.
No ice left in the stomach. 75 pips x 2
All the best.
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All the best to all of you. But don't follow me. I am a learner.
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