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Monthly Profit - Daily Trading using SMA

  • #9,981
  • Edited 4:04pm Mar 25, 2018 1:51pm | Edited 4:04pm
Quoting Newt
Hi, I have followed the forums for some time now, but first created account today. I have been reading a ton of pages in this forum topic and just to clarify its SMA5, right? (Some wrote SMA5,3) and please look at my screenshot and let me know if entry + SL is correct? i know that the trade is not going my way and SL would be triggered, so anything that would have made you not take that trade? I have seen some write they want two green/red bars before they make an entry? Thanks and happy trading! /Newt {image}
Maybe it was best there if sma was pointing down.
All the best to all of you. But don't follow me. I am a learner.
  • #9,982
  • Mar 25, 2018 9:16pm Mar 25, 2018 9:16pm
NZDUSD gave a signal
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  • #9,983
  • Mar 26, 2018 2:44pm Mar 26, 2018 2:44pm
Even if Filipo has gone (good luck to you friend) we have to keep the thred alive, abundance of choices for tomorow
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  • #9,984
  • Edited 4:09pm Mar 26, 2018 3:57pm | Edited 4:09pm
https://i.Sorry English. Sure it should be observed longer, however if you want to take a look. I put a sma 5/0 as a rule (celeste) a ema 5 / 5high (white) and a ema 5/5 low (red) trying to make these moving averages interact: for example when the sma 5/0 is below the two others are sold with the regular 5/0 method and the opposite imgur.com/YKZxybS.pnghttps://i.imgur.com/ms4Czab.png https://i.imgur.com/3CcRAQe.png
  • #9,985
  • Mar 26, 2018 11:13pm Mar 26, 2018 11:13pm
Hello
Eu & Ny.
55%
All the best.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #9,986
  • Edited 8:48am Mar 27, 2018 3:06am | Edited 8:48am
Do people like this one? SMA is pointing upwards this time, but I guess the trade would be better if it was following the trend.
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  • #9,987
  • Mar 27, 2018 7:29am Mar 27, 2018 7:29am
Hi all!
I will give it a try. First of all, there is a lot to read.

Thanks to all for the good work!
  • #9,988
  • Mar 27, 2018 11:08am Mar 27, 2018 11:08am
Quoting Newt
Do people like this one? SMA is pointing upwards this time, but I guess the trade would be better if it was following the trend. {image}
Hello Newt.
The candles and wicks make it look a bit flat.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #9,989
  • Mar 27, 2018 11:16am Mar 27, 2018 11:16am
Quoting Oddbjorg
Hello Eu & Ny. 55% All the best. Oddbjørg
Hello all.
This did not really take off. Will wait a bit more to see if it doesn't.
Maybe sma was not pointing good enough north.
I will return and will report on gain or loss with charts.
Well. This is it this week. No more trading before checking tuesday next week.
Wish you all a blessed Easter.
Oddbjørg.
All the best to all of you. But don't follow me. I am a learner.
  • #9,990
  • Mar 27, 2018 11:28am Mar 27, 2018 11:28am
Quoting Oddbjorg
{quote} Hello Newt. The candles and wicks make it look a bit flat. All the best.
Thanks for answer, can you clarify what you mean by candles and wicks makes it look flat?

Blessed easter to you aswell :-)
  • #9,991
  • Edited 1:25pm Mar 27, 2018 11:53am | Edited 1:25pm
Quoting Newt
{quote} Thanks for answer, can you clarify what you mean by candles and wicks makes it look flat? Blessed easter to you aswell :-)
Hello
I am not the one to be so wise in hindsight.
I guess the profs would say something like this.
But if I am that clever - one could say why did I not answer quicker than this?

1.: If the candle was longer and had reached mid bb, which works as a resistance elastic,
2.: Maybe sma would point more upwards
3.: A candle with a long wick on the upper side tells us, that the bears are seriously at work

Hope it will go your way - later if you do not stop it.
All the best.
Oddbjørg.
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All the best to all of you. But don't follow me. I am a learner.
  • #9,992
  • Mar 27, 2018 1:50pm Mar 27, 2018 1:50pm
Quoting Oddbjorg
{quote} Hello I am not the one to be so wise in hindsight. I guess the profs would say something like this. But if I am that clever - one could say why did I not answer quicker than this? 1.: If the candle was longer and had reached mid bb, which works as a resistance elastic, 2.: Maybe sma would point more upwards 3.: A candle with a long wick on the upper side tells us, that the bears are seriously at work Hope it will go your way - later if you do not stop it. All the best. Oddbjørg. {image}
Obvious price action I should have noticed, i'll go back to the drawing board and study some more, thanks Oddbjorg!
  • #9,993
  • Mar 28, 2018 8:09am Mar 28, 2018 8:09am
Hello Friends,

I could not find ideal set up at all last night however
took one trade on US/JPN and this morning
I was able to harvest over 30 pips since that was my TP
amount I set. In my app I could not enter two trades and was not able to leave second one run without TP set up.
but I should be happy that the result was in my favor - you can see the candle day befor ended with only its wick crossing and not the body itself but I was gambling on the angle of the SMA. What a relief to find out the good result !!!
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  • #9,994
  • Mar 30, 2018 7:08am Mar 30, 2018 7:08am
Hello friends

Can you explain for me this " close the first setup after taking profit on same day ", please ?
=> When do I have to close the first set up ? I didn't understand about closing first setup.

Thank you
  • #9,995
  • Mar 30, 2018 2:39pm Mar 30, 2018 2:39pm
Quoting Respira
Hello friends Can you explain for me this " close the first setup after taking profit on same day ", please ? => When do I have to close the first set up ? I didn't understand about closing first setup. Thank you
Hello Respira

The system is:
- that you at Tokyo open - take two positions of the same setup.
I will call it position 1. and position 2. - 2 trades -

Within the next 24 hours you take the profit of position 1. Well, now position 1. is closed.

That is what BK8 called : close the first setup after taking profit on same day

Position 2. is yet open, and will go on - you moving the sl.

Remember - This is not my suggestion - But that is how I understand BK8 is doing.

Take care.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #9,996
  • Apr 1, 2018 5:17am Apr 1, 2018 5:17am
Quoting Oddbjorg
{quote} Hello Respira The system is: - that you at Tokyo open - take two positions of the same setup. I will call it position 1. and position 2. - 2 trades - Within the next 24 hours you take the profit of position 1. Well, now position 1. is closed. That is what BK8 called : close the first setup after taking profit on same day Position 2. is yet open, and will go on - you moving the sl. Remember - This is not my suggestion - But that is how I understand BK8 is doing. Take care. Oddbjørg
Thank you very much.
  • #9,997
  • Apr 1, 2018 3:42pm Apr 1, 2018 3:42pm
Hello
1) Looking like that even if sma was going through upper wick, it is not enough to get it from the ground. It more or less only was flat.

2) But now it goes through the body and we see sma pointing up. This could mean there are maybe some more green candles to come.
We could go in and keep an eye on it - or we can of course choose to wait and see how it reacts when it meets Mid bb. But then the steem
could have been ebbing out.

At least the result of this is a good set up for education - to have as an example for later use, when we meet a set up like this again.
This is not an advise - but for communification.
Take care and all the best.
Oddbjørg
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All the best to all of you. But don't follow me. I am a learner.
  • #9,998
  • Apr 2, 2018 3:25am Apr 2, 2018 3:25am
Thanks Oddbjorg!

Just out of curiosity, are there any people that can provide some kind of result from trading this system for 1+ year? (Pips + drawdown + number of trades etc.)
  • #9,999
  • Apr 3, 2018 5:34am Apr 3, 2018 5:34am
Do people like this trade?
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  • #10,000
  • Apr 3, 2018 8:38am Apr 3, 2018 8:38am
Quoting Newt
Do people like this trade? {image}
currency please?
All the best to all of you. But don't follow me. I am a learner.
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