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Monthly Profit - Daily Trading using SMA

  • #10,081
  • Edited 1:56pm May 15, 2018 1:45pm | Edited 1:56pm
Quoting mrgummo
Hello. I just started to read this thread. The first post has the EMA set at 5, with 0 shift. However, other posts have the EMA set at 5, shift 3. Did the EMA set-up change to using 0 for the shift? Thanks for replying!
Hello friend and welcome.
To start with, - the system does not use EMA - but SMA. - (In f.ex. Trading View just Moving Average)
In the beginning they used SMA 5,3 - but it was changed by BK8, who started the thread.
Hope this is clear, otherwise feel free to return.
All the best.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,082
  • May 15, 2018 7:42pm May 15, 2018 7:42pm
Quoting Oddbjorg
{quote} Hello friend and welcome. To start with, - the system does not use EMA - but SMA. - (In f.ex. Trading View just Moving Average) In the beginning they used SMA 5,3 - but it was changed by BK8, who started the thread. Hope this is clear, otherwise feel free to return. All the best. Oddbjørg
Oops, meant to write SMA (it's what I put on my template), but I've been using EMAs for so long, I guess it's just habit! lol Thank you very much for clearing this up--Five-O it is!

Wishing you much continued success!

Ron
  • #10,083
  • May 16, 2018 12:26am May 16, 2018 12:26am
Nice, glad it works for you.
Actually every single pattern and method is different, but so are we, that's why I believe we should foremost apply such methods to ourselves. Something works, something doesn't - I'm willing to try trading the way you do, seems like an interesting idea for sure, but no hard feelings if it doesn't work out for me either. Basically applying what others do is a process of learning in order to develop your own strategy, which mostly is a combination of all others you have tried in the past.

Bookmarked the topic and looking forward to seeing more ++ in your thread
  • #10,084
  • Edited 10:12am May 16, 2018 9:40am | Edited 10:12am
Waiting on this candle close. Is this a good setup?
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Also, looking for USDCHF.
  • #10,085
  • May 16, 2018 1:38pm May 16, 2018 1:38pm
Quoting andrern2000
Waiting on this candle close. Is this a good setup?{image} Also, looking for USDCHF.
Hello
It is maybe good to wait for one more green candle.
All the best to all of you. But don't follow me. I am a learner.
  • #10,086
  • May 17, 2018 6:53am May 17, 2018 6:53am
Quoting Oddbjorg
{quote} Hello It is maybe good to wait for one more green candle.
One more? Do you mean close on current candle or waiting for one more, so total 2, green candles?
  • #10,087
  • May 17, 2018 7:09am May 17, 2018 7:09am
@andrern2000
which SMA ar you using??


SMA 5 dont point upwards!?

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  • #10,088
  • May 17, 2018 7:12am May 17, 2018 7:12am
Quoting alexf82
@andrern2000 which SMA ar you using?? SMA 5 dont point upwards!? {image}
It points upwards in mine.
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  • #10,089
  • May 17, 2018 7:14am May 17, 2018 7:14am
funny

where are you from?
  • #10,090
  • May 17, 2018 7:20am May 17, 2018 7:20am
Quoting andrern2000
{quote} One more? Do you mean close on current candle or waiting for one more, so total 2, green candles?
Hello
Maybe it will look good to go long, if today's candle goes through MID BB, and sma is pointing up at Tokyo open, so it can get out of this flat situation
Attached Image
All the best to all of you. But don't follow me. I am a learner.
  • #10,091
  • May 17, 2018 7:45am May 17, 2018 7:45am
Quoting alexf82
funny where are you from?
I'm using Australian broker.

Quoting Oddbjorg
{quote} Hello Maybe it will look good to go long, if today's candle goes through MID BB, and sma is pointing up at Tokyo open, so it can get out of this flat situation {image}
Well let's see
  • #10,092
  • May 17, 2018 5:31pm May 17, 2018 5:31pm
Hello
AU did not work out to give a buy signal.
All the best.
Attached Image
All the best to all of you. But don't follow me. I am a learner.
  • #10,093
  • Edited 1:59pm May 18, 2018 1:11pm | Edited 1:59pm
Quoting Oddbjorg
Hello AU did not work out to give a buy signal. All the best. {image}
Weird, in my chart the SMA is pointing upward and price crosses the SMA

Btw I'm also watching GCAD, AUDCHF, and AUDCAD.
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  • #10,094
  • Edited 3:11pm May 18, 2018 2:29pm | Edited 3:11pm
Quoting andrern2000
{quote} Weird, in my chart the SMA is pointing upward and price crosses the SMA Btw I'm also watching GCAD, AUDCHF, and AUDCAD.{image} {image}
Hello. Thank you.
Yes, interresting. C is weak and Ch is strong. To come well through mid bb so there is power is always the hard thing to wait for. But in Aud Cad it is.
We'll see.
Have a nice weekend.
All the best to all of you. But don't follow me. I am a learner.
  • #10,095
  • May 21, 2018 6:07pm May 21, 2018 6:07pm
Quoting Oddbjorg
{quote} Hello. Thank you. Yes, interresting. C is weak and Ch is strong. To come well through mid bb so there is power is always the hard thing to wait for. But in Aud Cad it is. We'll see. Have a nice weekend.
Ac is ++ now.
Look at En and Uy. In Bk8's world those were sometimes ok to go for to him.
Well take care.
All the best to all of you. But don't follow me. I am a learner.
  • #10,096
  • May 21, 2018 6:25pm May 21, 2018 6:25pm
AUDCAD I'm in EURNZD I've been in since the break of 1.70 watching closely at current support level but is looking good.
USDJPY just closed for good profit since 109.50. Still in NZDJPY since the good signal at 76.116 could go all the way to 78.50

Cheers
Its all just one persons opinion
  • #10,097
  • May 22, 2018 1:57am May 22, 2018 1:57am
Just closed EURNZD at 1.690....
Its all just one persons opinion
  • #10,098
  • May 22, 2018 3:09am May 22, 2018 3:09am
Quoting axecap
Just closed EURNZD at 1.690....
Hi
Because of bullis wick? or Ema 200 ?
All the best to all of you. But don't follow me. I am a learner.
  • #10,099
  • May 22, 2018 3:57am May 22, 2018 3:57am
Hi, confluence of the round number , which I don't normally allow for, and the weekly trend line..... And maybe some nerves.....the TP activated while I wasn't watching.....in hindsight I'm glad it did....
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Its all just one persons opinion
  • #10,100
  • May 22, 2018 8:37am May 22, 2018 8:37am
Hi
Strong/Weak
Attached Image
All the best to all of you. But don't follow me. I am a learner.
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