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Monthly Profit - Daily Trading using SMA

  • #9,921
  • Mar 13, 2018 10:57am Mar 13, 2018 10:57am
Quoting Oddbjorg
{quote} Took it. No ice left in the stomach. 75 pips x 2 All the best. {image}
Big Oddbjorg!
I used to be indecisive but now I'm not so sure...
  • #9,922
  • Mar 13, 2018 11:01am Mar 13, 2018 11:01am
Quoting Filipo1
{quote} Big Oddbjorg!
Thanks.
All the best to all of you. But don't follow me. I am a learner.
  • #9,923
  • Mar 13, 2018 2:43pm Mar 13, 2018 2:43pm
[quote=Oddbjorg;10867736]
Quoting axecap
{quote} 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.
Thanks and well done!
Its all just one persons opinion
  • #9,924
  • Edited 2:53am Mar 15, 2018 2:36am | Edited 2:53am
Hi everyone,
Nasdaq100 sent a signal for bearish setup.
(European close chart).
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I used to be indecisive but now I'm not so sure...
  • #9,925
  • Mar 15, 2018 4:17am Mar 15, 2018 4:17am
Quoting Filipo1
Hi everyone, Nasdaq100 sent a signal for bearish setup. (European close chart). {image}
What is your Rsi and Macs specification
  • #9,926
  • Mar 15, 2018 4:56am Mar 15, 2018 4:56am
Quoting Vcezeilo
{quote} What is your Rsi and Macs specification
Hi Vcezeilo, standard. I like to keep it simple and not stupid if possible.
I used to be indecisive but now I'm not so sure...
  • #9,927
  • Mar 15, 2018 6:48am Mar 15, 2018 6:48am
Quoting Filipo1
{quote} HI axecap, it looks good but yesterday's hanging man reminds us that price action is just stopped on an important S/R line. Let's see if it will break out. On the weekly I am worried that the rebound on trend line is not reflected in any way either on RSI remaining below 50 or MACD. Also to consider out from this strategy’s rules: -daily 200 sma standing close at 147.82 -JPY = Ichimoku check for me and daily price action still blocked right below Tenkan-sen. {image} {image}
But what about this trend line? (Clue: It starts in Oct 2 2016)

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Gone to a better place
  • #9,928
  • Mar 15, 2018 7:19am Mar 15, 2018 7:19am
Quoting smikester
{quote} But what about this trend line? (Clue: It starts in Oct 2 2016) {image}
Hi smikester, good catch with nice re-test pattern in progress seemingly (on my chart I saw it starting on 24Aug2017 low).
I used to be indecisive but now I'm not so sure...
  • #9,929
  • Mar 15, 2018 7:21am Mar 15, 2018 7:21am
Quoting Filipo1
{quote} Hi smikester, good catch with nice re-test pattern in progress seemingly (on my chart I saw it starting on 24Aug2017 low).
Just thought I would add to the confusion.
Gone to a better place
  • #9,930
  • Mar 15, 2018 8:59am Mar 15, 2018 8:59am
Quoting smikester
{quote} Just thought I would add to the confusion.
No confusion here...
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I used to be indecisive but now I'm not so sure...
  • #9,931
  • Edited 5:49pm Mar 15, 2018 4:59pm | Edited 5:49pm
Hello
AU/UC 60%

All the best.
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All the best to all of you. But don't follow me. I am a learner.
  • #9,932
  • Edited 8:15pm Mar 15, 2018 7:53pm | Edited 8:15pm
AUDJPY, NZDJPY
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  • #9,933
  • Edited 12:41am Mar 16, 2018 12:24am | Edited 12:41am
Hi everyone, AUDCHF, EURAUD and USDMXN also sent signals
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I used to be indecisive but now I'm not so sure...
  • #9,934
  • Mar 16, 2018 12:55am Mar 16, 2018 12:55am
Moment of truth approaching for the Dow
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I used to be indecisive but now I'm not so sure...
  • #9,935
  • Mar 16, 2018 12:39pm Mar 16, 2018 12:39pm
Just looking for some input on this. AUDUSD obviously worked out well today, which is awesome. But going back in time to 3/6-3/7, not so much. I am wondering if there anything that would have kept you out of taking that trade (a LONG position on 3/7)? Possibly other indicators that screamed no or maybe something to do with the middle Bollinger Band that would have kept you out? Maybe the fact the wick on the top is longer that the wick on the bottom? Not by much, but might be a new rule I implement. Just looking for valuable input I could use. THANK YOU MUCH!!!
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  • #9,936
  • Mar 16, 2018 12:44pm Mar 16, 2018 12:44pm
I'm also thinking of implementing a rule which only takes trades in the direction of the Weekly trend. Example: If weekly trend is short, then only take a Daily short signal. Has anyone else done this with much success? Thanks again!
  • #9,937
  • Mar 16, 2018 11:42pm Mar 16, 2018 11:42pm
Hi Ekjinvests
Here's something you might try..
I trade something similar to this, I find the 5sma too sensitive - try 8ema
Stay with the trade until you have a closure on the other side of the 8ema
When you get your exit signal, the next candle must confirm it, otherwise stay with the trade
Confirmation:
The lower timeframes build the next higher timeframe - so look for your confirmation there - try the h4 or h1 - you do not want to give too much of your profit back!
(Takes 6 h4 candles, or 24 h1 candles to build one daily candle
The above is basically what I do......
Sorry if I have cluttered up the thread... but maybe the above can be of help to you

Trade safely
  • #9,938
  • Mar 18, 2018 3:48pm Mar 18, 2018 3:48pm
Metals sent signals, is range finally over ahead of FOMC?
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I used to be indecisive but now I'm not so sure...
  • #9,939
  • Mar 18, 2018 4:07pm Mar 18, 2018 4:07pm
Quoting ekjinvests
I'm also thinking of implementing a rule which only takes trades in the direction of the Weekly trend. Example: If weekly trend is short, then only take a Daily short signal. Has anyone else done this with much success? Thanks again!
Hi ekjinvests, not sure I got it right but in this case you might well ignore a few profitable reversals.
Look at AUDUSD for instance: you would not have taken a long position on Dec13 because the week of Dec4-8 closed bearish.
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I used to be indecisive but now I'm not so sure...
  • #9,940
  • Mar 19, 2018 4:37am Mar 19, 2018 4:37am
Quoting Oddbjorg
Hello AU/UC 60% All the best. {image} {image}
Took UC - and will let AU run but with a good sl. (91 pips at the moment).
We will see next Tokyo open,
All the best to you this week.
Take care.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
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