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Monthly Profit - Daily Trading using SMA

  • #11,181
  • Aug 18, 2019 11:15am Aug 18, 2019 11:15am
Quoting sohail2006
{quote} You mentioned Just 15 minutes daily after D1 close when new candle starts. Avoid Lower timeframe charts, even H4 is not reliable. My question is Which time frame we should use to get benefit in 15 min , i think it willbe 15 min chart. If we have to see the last day candle as you explained above then it will be irrelevant to see 15 min chart. and ifwe use daily chart and waiting for full day to see whether it touches to BB or not ? may be my undertanding not correct, please advise Aamir
He was referring to 15 minutes chart.
He rather meant it will take you about 15 minutes everyday to scan for possible trades that meet the strategy.
  • #11,182
  • Aug 18, 2019 11:17am Aug 18, 2019 11:17am
Quoting Patdozie
{quote} He was referring to 15 minutes chart. He rather meant it will take you about 15 minutes everyday to scan for possible trades that meet the strategy.
I meant he was NOT referring to 15 minutes chart.
  • #11,183
  • Aug 18, 2019 11:19am Aug 18, 2019 11:19am
Possible trades for the week
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  • #11,184
  • Edited 12:36pm Aug 18, 2019 11:45am | Edited 12:36pm
Nice setup on the USDSGD coming up, assuming the opening price looks good. Can't see anything else that looks interesting on major pairs but hopefully this one will be worth some pips. The little tick-downs on the RSI and SMA look positive as well.
Attached Image (click to enlarge)
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  • #11,185
  • Edited 6:43pm Aug 18, 2019 6:32pm | Edited 6:43pm
Quoting Patdozie
Possible trades for the week {image} {image} {image} {image} {image} {image}
Hello
Interresting pairs. I did look at those too. I seldom get a gain out of trading the first day of the week.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #11,186
  • Aug 20, 2019 3:32am Aug 20, 2019 3:32am
Post #11167 Aug.14.
Quoting Filipo1
USDTRY seems ok. {image}
Target reached.
Attached Image(s) (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #11,187
  • Aug 21, 2019 11:31pm Aug 21, 2019 11:31pm
Its been quite in here guys/ladies. Let's keep the thread alive and help ourselves.

I couldn't get any good trade at end of candle closure yesterday.

Happy trading day.
  • #11,188
  • Aug 22, 2019 3:55am Aug 22, 2019 3:55am
Quoting Patdozie
Its been quite in here guys/ladies. Let's keep the thread alive and help ourselves. I couldn't get any good trade at end of candle closure yesterday. Happy trading day.

...AUM SHANTI AUM....

Breathe in...breathe out... and relax
I used to be indecisive but now I'm not so sure...
  • #11,189
  • Aug 22, 2019 4:35am Aug 22, 2019 4:35am
Actually what method are u all using now? Theres changes since the beginning of this thread.
  • #11,190
  • Aug 22, 2019 7:43am Aug 22, 2019 7:43am
Chopy market
  • #11,191
  • Aug 22, 2019 7:45am Aug 22, 2019 7:45am
I think usdzar have a good setup
  • #11,192
  • Aug 22, 2019 4:10pm Aug 22, 2019 4:10pm
GBP pairs took off today.
Have been in GBPUSD for days...

NZD pairs heading South
Attached Image (click to enlarge)
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  • #11,193
  • Aug 22, 2019 4:21pm Aug 22, 2019 4:21pm
Quoting Holypendant
Actually what method are u all using now? Theres changes since the beginning of this thread.
We are still trading the strategy as spelt out on page 1
  • #11,194
  • Aug 23, 2019 3:55am Aug 23, 2019 3:55am
Quoting Filipo1
I like OIL but beware of BB middle band. {image}
Post #11161 Aug.13

Oil is getting fishy, I am out.
Have a great weekend.
Attached Image (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #11,195
  • Aug 23, 2019 8:45am Aug 23, 2019 8:45am
great thread and very simplistic and probably profitable system. i just discovered it am following keenly. keep up the good works guys.
Be fearful when others are greedy
  • #11,196
  • Aug 23, 2019 4:58pm Aug 23, 2019 4:58pm
I love the concept and the simplicity. I've found that simple methods are almost always more profitable.

Question. It doesn't appear that any of the recent charts posted have a shift applied to the MA. It seemed like that was a bit of a key to the original method. Was there a change?
  • #11,197
  • Aug 24, 2019 11:34am Aug 24, 2019 11:34am
Quoting Barefoot
I love the concept and the simplicity. I've found that simple methods are almost always more profitable. Question. It doesn't appear that any of the recent charts posted have a shift applied to the MA. It seemed like that was a bit of a key to the original method. Was there a change?
No there us no change.

Indicators
SMA 5,0
BB (Optional)
Time Required - Just 15 minutes daily after D1 close when new candle starts.

Avoid
Lower timeframe charts, even H4 is not reliable.
Risk - Do not take positions more than 5% of account value and do not take multiple positions of same currency (Max 2), even setup is 100% correct
Sideways pattern, see below
(Updated on 17-Dec-2016)
Long - SMA line in upward direction
Short - SMA line in downward direction
Ignore - Flat SMA line

Entry
Long - When previous D1 bull candle's body has clearly crossed SMA and did not touch BB upper band.
Short - When previous D1 bear candle's body has clearly crossed SMA and did not touch BB lower band.
Please refer #4572 for some examples http://www.forexfactory.com/showthre...17#post9162217

Stop Loss
high(+15 Pips)/low(-15 Pips) of previous candle, if candle is too short then you may move to T-2 candle.
Take Profit/Exit
  • #11,198
  • Aug 24, 2019 11:36am Aug 24, 2019 11:36am
Quoting ugozone
great thread and very simplistic and probably profitable system. i just discovered it am following keenly. keep up the good works guys.
You are welcome You. The system works. Just be mindful of news impact.
  • #11,199
  • Aug 27, 2019 6:30am Aug 27, 2019 6:30am
Did anyone take this trade?
What do you think?
Attached Image (click to enlarge)
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Be fearful when others are greedy
  • #11,200
  • Aug 27, 2019 6:50am Aug 27, 2019 6:50am
Quoting ugozone
Did anyone take this trade? What do you think? {image}
It looks good really
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