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Monthly Profit - Daily Trading using SMA

  • #10,021
  • Edited 6:34pm Apr 17, 2018 6:04pm | Edited 6:34pm
HELLO
NU Short
Only 55 % because bulls are fighting. Look at 1H & 4H TF.
All the best.
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All the best to all of you. But don't follow me. I am a learner.
  • #10,022
  • Edited 8:13am Apr 19, 2018 7:27am | Edited 8:13am
Quoting Oddbjorg
HELLO NU Short Only 55 % because bulls are fighting. Look at 1H & 4H TF. All the best. {image}
Hello
NU short 3 candles, and that is when I normally go out. But it may pay to be in for a while more.
If only N was a bit more agresive, then it could be easier to decide.
Some of the prof will maybe come in and tell us.
Hope you all are fine.
Oddbjørg.
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All the best to all of you. But don't follow me. I am a learner.
  • #10,023
  • Apr 19, 2018 8:50am Apr 19, 2018 8:50am
Quoting Oddbjorg
{quote} Hello NU short 3 candles, and that is when I normally go out. But it may pay to be in for a while more. If only N was a bit more agresive, then it could be easier to decide. Some of the prof will maybe come in and tell us. Hope you all are fine. Oddbjørg. {image}
Nice call Oddbjorg, i got into that trade opening two positions. I take profit on the first position after the first candle closes and let the other run.
  • #10,024
  • Apr 19, 2018 5:57pm Apr 19, 2018 5:57pm
Hello friends.
NU - Our old friend BK8 said: - take 2 positions - take no 1 after one candle - and let the second one go on for ever - hehe -
There might be one or two more candles on these:
GU ?
EG 55%
Take care.
Oddbjørg
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All the best to all of you. But don't follow me. I am a learner.
  • #10,025
  • Apr 22, 2018 8:18am Apr 22, 2018 8:18am
Got into a nice trade in CADJPY, first profit from trade one is taken and second is just running "forever" +42 pips on first trade and second trade on +42 pips waiting for the market to race even further south ;-)
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  • #10,026
  • Apr 23, 2018 7:20pm Apr 23, 2018 7:20pm
Hello
Interresting pairs.
Thank you.
Oddbjørg
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All the best to all of you. But don't follow me. I am a learner.
  • #10,027
  • Apr 23, 2018 7:40pm Apr 23, 2018 7:40pm
Quoting Oddbjorg
Hello Interresting pairs. Thank you. Oddbjørg {image} {image} {image}
Hi Oddbj,

just curious, if you enter a short on these pairs now, will you consider it late?

How do you decide if prices are still going to drop and where will your SL be if you enter on these candles?
  • #10,028
  • Edited 8:06pm Apr 23, 2018 7:52pm | Edited 8:06pm
Quoting ryanngyk
{quote} Hi Oddbj, just curious, if you enter a short on these pairs now, will you consider it late? How do you decide if prices are still going to drop and where will your SL be if you enter on these candles?
Hello
Yes it is rather late and we must watch those not reaching to mid bb, ...might get resistance. But nch has gone through.
I thought it was special they were so simular.
Take care.
All the best to all of you. But don't follow me. I am a learner.
  • #10,029
  • Apr 23, 2018 8:37pm Apr 23, 2018 8:37pm
I entered EJ on the 2nd red candle closing below the sma and back then, the SMA was pointing down. In such a case what would Bk8 do? Should I close it?
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  • #10,030
  • Apr 23, 2018 9:58pm Apr 23, 2018 9:58pm
Quoting ryanngyk
I entered EJ on the 2nd red candle closing below the sma and back then, the SMA was pointing down. In such a case what would Bk8 do? Should I close it? {image}
You want the sma pointing down when the bar closes the sma was flat in this case.Just my take.
  • #10,031
  • Apr 23, 2018 10:05pm Apr 23, 2018 10:05pm
Quoting mallee
{quote} You want the sma pointing down when the bar closes the sma was flat in this case.Just my take.
Thanks for your input mallee. Notice the SMA we see today is already different because of the bullish candle formed yesterday. Before it was formed, when I entered, it looked like this. Any thoughts?
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  • #10,032
  • Apr 24, 2018 12:35am Apr 24, 2018 12:35am
Quoting ryanngyk
{quote} Thanks for your input mallee. Notice the SMA we see today is already different because of the bullish candle formed yesterday. Before it was formed, when I entered, it looked like this. Any thoughts? {image}
Hello
Could it be that when there are so long wicks, you should not have taken the position?
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,033
  • Apr 24, 2018 12:37am Apr 24, 2018 12:37am
Quoting Oddbjorg
{quote} Hello Could it be that when there are so long wicks, you should not have taken the position? Oddbjørg
I was looking for wicks below the candle as I thought wicks above indicated bear pressure. In your experience if there are wicks on either side is it better not to take the setup?
  • #10,034
  • Apr 24, 2018 1:15am Apr 24, 2018 1:15am
Quoting ryanngyk
{quote} I was looking for wicks below the candle as I thought wicks above indicated bear pressure. In your experience if there are wicks on either side is it better not to take the setup?
The whole week was kind of flat. Could that maybe tell us something..I shall not be clever in hindsight.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #10,035
  • Edited 1:33pm Apr 24, 2018 5:27am | Edited 1:33pm
Hello
We can see ACH and CCH are struggeling with mid bb, but it might be interresting.
And we see NCH is running our way.
I did not consider CHY last night, because it was only one candle, but it looks like sma has really got through - and we can look upon it as an interresting thing.
CH and N seem stronger - C and Y seem weaker. (For a part A)
So pairs with those currencies are worth studying.
But we have to be selective - and conservative and not jump with both legs in all of these diverse pairs only one or two - if at all.
We can not sit and babysit the charts all the time, and look for BK8ish charts. It is a once a day thing, for the most part. We can rather use this to study and get an overview.
Take care

Oddbjørg
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All the best to all of you. But don't follow me. I am a learner.
  • #10,036
  • Apr 25, 2018 2:37pm Apr 25, 2018 2:37pm
Hi Guys !

What do you think about this setup?

There is strong trend line, already two candles in same direction and SMA5 cross the last Candle.
Do you think that 20SMA from BB can be strong resistance ?

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  • #10,037
  • Edited 7:11pm Apr 25, 2018 7:00pm | Edited 7:11pm
Quoting Kodzhamanov
Hi Guys ! What do you think about this setup? There is strong trend line, already two candles in same direction and SMA5 cross the last Candle. Do you think that 20SMA from BB can be strong resistance ? {image} {image}
Hello
Yes, EG looks interresting, but I understand your thoughts on mid bb. GY also looks interresting.
Take care.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,038
  • Apr 26, 2018 8:17am Apr 26, 2018 8:17am
Because I did put so many charts on D all 28 pairs - I did not do that extreme thing to put them all on this thread.
But you find them here.

https://www.forexfactory.com/showthr...6#post11002406

Hello
Will stop NU for now. 250 pips.
The system works.
Have a nice weekend.
See you monday evening - expectingly.
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All the best to all of you. But don't follow me. I am a learner.
  • #10,039
  • Apr 30, 2018 6:48pm Apr 30, 2018 6:48pm
Hello
GC
If sma goes through tomorrow, Bk8 would take it as a sell signal, I think.
Keeping an eye on it.
All the best.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,040
  • May 1, 2018 6:36pm May 1, 2018 6:36pm
Quoting Oddbjorg
Hello GC If sma goes through tomorrow, Bk8 would take it as a sell signal, I think. Keeping an eye on it. All the best. Oddbjørg
Hello
GC has given 205 pips untill now.
All the best.
Oddbjørg.
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