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Monthly Profit - Daily Trading using SMA

  • #11,121
  • Aug 8, 2019 2:29pm Aug 8, 2019 2:29pm
Quoting Craven64
{image} I've been on this from today's candle. Maybe worth a look for tomorrow for others too!
Yea looked nice. New candle just shot up though. Noticed its same for most pairs with AUD at the end (GBPAUD, EURAUD). And there is no news at this time
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  • #11,122
  • Aug 8, 2019 2:31pm Aug 8, 2019 2:31pm
exactly - this happened exactly at new daily candle for me... strange
  • #11,123
  • Aug 8, 2019 2:40pm Aug 8, 2019 2:40pm
Upcoming news today - GBP and AUD pairs maybe impacted. Take note
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  • #11,124
  • Aug 8, 2019 2:56pm Aug 8, 2019 2:56pm
Quoting Patdozie
{quote} Yea looked nice. New candle just shot up though. Noticed its same for most pairs with AUD at the end (GBPAUD, EURAUD). And there is no news at this time {image}
Almost everything I've opened to look at when the new candle starts in an hour has AUD in it here as well. If I take any of them I'll probably only take the best single AUD pair to cut down on the risk. Does that sound like good thinking?
  • #11,125
  • Aug 8, 2019 3:07pm Aug 8, 2019 3:07pm
My concern with the AUD pairs at the moment is that they look full of indecision. The SMA line down, candle up, or vice versa. My newbie reading is that the signals are contradicting each other, and that I should not trade on them. Am I reading them correctly?

For example.
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  • #11,126
  • Aug 8, 2019 11:45pm Aug 8, 2019 11:45pm
Quoting itsDavid
My concern with the AUD pairs at the moment is that they look full of indecision. The SMA line down, candle up, or vice versa. My newbie reading is that the signals are contradicting each other, and that I should not trade on them. Am I reading them correctly? For example. {image} {image}
GA is heading down now. I believe that once you have any doubt on any trade, don't take it. More opportunities are underway
Attached Image (click to enlarge)
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  • #11,127
  • Aug 8, 2019 11:54pm Aug 8, 2019 11:54pm
AUDUSD on watch for setup confirmation according to BK8 strategy. Candlesticks wise it's a buy, even more considering how the reversal is placed on BB.
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I used to be indecisive but now I'm not so sure...
  • #11,128
  • Edited 12:40am Aug 9, 2019 12:23am | Edited 12:40am
GBPAUD seems ripe particularly when looking at the weekly.
I also like to check weekly pivots. Unfortunately not available on MT4/MT5. The platform used here has European closings therefore I had to adapt sma to 6 daily candles and BB m.a. at 22.
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I used to be indecisive but now I'm not so sure...
  • #11,129
  • Aug 9, 2019 12:49am Aug 9, 2019 12:49am
Quoting Filipo1
AUDUSD on watch for setup confirmation according to BK8 strategy. Candlesticks wise it's a buy, even more considering how the reversal is placed on BB. {image}
Thanks Filipo1. Setup looking good. From experience have you had good trades after entering on Fridays?
  • #11,130
  • Aug 9, 2019 1:18am Aug 9, 2019 1:18am
Quoting Patdozie
{quote} Thanks Filipo1. Setup looking good. From experience have you had good trades after entering on Fridays?
Hi Patdozie, recently I observed the following market moods: Monday mainly hesitant and contrarian (except market-moving developements over the weekend), Tuesday-Wednesday consolidation/direction build-up, Thursday-Friday take action time.
I used to be indecisive but now I'm not so sure...
  • #11,131
  • Aug 9, 2019 2:42am Aug 9, 2019 2:42am
Quoting Filipo1
{quote} Hi Patdozie, recently I observed the following market moods: Monday mainly hesitant and contrarian (except market-moving developements over the weekend), Tuesday-Wednesday consolidation/direction build-up, Thursday-Friday take action time.
Thanks for the insight
  • #11,132
  • Aug 9, 2019 3:22am Aug 9, 2019 3:22am
Quoting Patdozie
{quote} GA is heading down now. I believe that once you have any doubt on any trade, don't take it. More opportunities are underway {image}
Thank you for your response. I'm going to take a look at that one on the 4hr chart and see if there are any trades to be made today.
  • #11,133
  • Aug 9, 2019 7:23am Aug 9, 2019 7:23am
Hi friends contra vs trend trade make comperation by your self
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  • #11,134
  • Aug 9, 2019 9:58am Aug 9, 2019 9:58am
Quoting mizi123
Hi friends contra vs trend trade make comperation by your self {image} {image}
Hi Mizi, what do you refer to as contra
  • #11,135
  • Aug 9, 2019 10:05am Aug 9, 2019 10:05am
Quoting mizi123
Hi friends contra vs trend trade make comperation by your self {image} {image}
So true-

unfortunately- I was just aiming for the contra trade
  • #11,136
  • Aug 9, 2019 10:54am Aug 9, 2019 10:54am
Quoting Patdozie
{quote} Hi Mizi, what do you refer to as contra
Green, red and blue e(xponencial) ma-s showing the major trend (5 sma is entry signal) when you trade againest them you contra trade when 5 sma is in conjuction with 3 others pointed on the start is with the trend... aud/usd is contra gbp/cad is with trend.. i hope you have understod me...
  • #11,137
  • Aug 9, 2019 11:16am Aug 9, 2019 11:16am
Quoting mtacki
{quote} So true- unfortunately- I was just aiming for the contra trade
Don't woory bro we learn from mistakes just keep jorurnal about these issue take trades with trend and contra trend and see what wins, i like these quote...
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  • #11,138
  • Aug 10, 2019 7:18am Aug 10, 2019 7:18am
Last week wasn't positive for me. Many bags and swap costs
  • #11,139
  • Aug 10, 2019 10:34am Aug 10, 2019 10:34am
Quoting Patdozie
Last week wasn't positive for me. Many bags and swap costs
Same here
  • #11,140
  • Aug 10, 2019 11:30am Aug 10, 2019 11:30am
Quoting Patdozie
Last week wasn't positive for me. Many bags and swap costs
I experienced the same, hopefully this will be a bit better
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