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Monthly Profit - Daily Trading using SMA

  • #11,261
  • Sep 30, 2019 1:53pm Sep 30, 2019 1:53pm
Hi friends i hope all you do well 3 high propability setups in my point of wiev!? What do you think!?
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  • #11,262
  • Sep 30, 2019 10:13pm Sep 30, 2019 10:13pm
[quote=mizi123;12532623]Hi friends i hope all you do well 3 high propability setups in my point of wiev!? What do you think!? {image} {image}


nice setups . the AUDNZD and CHFJPY are more trendy than the EURCHF if you respect the weekly and monthly trends in your decision. this strategy rocks with patience.
Be fearful when others are greedy
  • #11,263
  • Oct 2, 2019 2:01pm Oct 2, 2019 2:01pm
Quoting mizi123
Hi friends i hope all you do well 3 high propability setups in my point of wiev!? What do you think!? {image} {image} {image}
Dose these system works i can say yes with all power, i have win 2 daily candles on CHF/JPY and EUR/CHF and 2 other positions are running i have lost AUD/NZd was my fault because i have seen the bank of australia will cut rates and i know that in short term wil make sufer AUD anyway i'm happy
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  • #11,264
  • Oct 2, 2019 2:24pm Oct 2, 2019 2:24pm
Now some from my finding pairs for tomorow, chose for you
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  • #11,265
  • Oct 3, 2019 9:42am Oct 3, 2019 9:42am
Quoting mizi123
Now some from my finding pairs for tomorow, chose for you {image} {image} {image} {image} {image} {image}
Stop searching for better strategy
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  • #11,266
  • Oct 3, 2019 2:02pm Oct 3, 2019 2:02pm
Don't forget t buy AUD/USD and NZU/USD tonight, have a good night
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  • #11,267
  • Oct 3, 2019 2:28pm Oct 3, 2019 2:28pm
Quoting mizi123
{quote} Stop searching for better strategy {image}
Its a party !

But let's remember the strategy has a slow/poor exit signal.
And it's greatly effected by correlated pairs. Noting is bullet proof
Be fearful when others are greedy
  • #11,268
  • Oct 3, 2019 2:41pm Oct 3, 2019 2:41pm
Quoting ugozone
{quote} Its a party ! But let's remember the strategy has a slow/poor exit signal. And it's greatly effected by correlated pairs. Noting is bullet proof
For the sake of the truth i have my own EXIT rules, when i trade against major trend my TP is 50 SMA when i em with trend (major) i trail trades... i like to see more posts from you bro thanx
  • #11,269
  • Oct 3, 2019 2:43pm Oct 3, 2019 2:43pm
Quoting ugozone
{quote} Its a party ! But let's remember the strategy has a slow/poor exit signal. And it's greatly effected by correlated pairs. Noting is bullet proof
Exactly... No system is going to win every time....If you think it will, that is just a road to ruin.

I notice that you have half the trades going against the long term trend. These can be risky. Make sure you have a clear exit plan / stoploss strategy as they can turn in an instant.
All opinions stated are purely opinions.. I may be wrong!
  • #11,270
  • Edited 3:27pm Oct 3, 2019 2:56pm | Edited 3:27pm
Quoting slowlyslowly
{quote} Exactly... No system is going to win every time....If you think it will, that is just a road to ruin. I notice that you have half the trades going against the long term trend. These can be risky. Make sure you have a clear exit plan / stoploss strategy as they can turn in an instant.
that is the challenge to grapple with. we need more ideas on this system and how to fine-tune it.


Edit::::::: the Thread starter has a similar strategy but mainly for 1hour entries. you guys may look it up https://www.forexfactory.com/showthread.php?t=605254
Be fearful when others are greedy
  • #11,271
  • Oct 3, 2019 3:06pm Oct 3, 2019 3:06pm
Quoting mizi123
{quote} For the sake of the truth i have my own EXIT rules, when i trade against major trend my TP is 50 SMA when i em with trend (major) i trail trades... i like to see more posts from you bro thanx
i will like to backtest the countertrend TP, sounds like a good idea. but i have not been lucky with trailing stops, the choppy nature of recent markets isnt fail on trend trading, makes you envy the daytraders

@AbbasRizvi
Be fearful when others are greedy
  • #11,272
  • Oct 3, 2019 3:27pm Oct 3, 2019 3:27pm
Quoting ugozone
{quote} i will like to backtest the countertrend TP, sounds like a good idea. but i have not been lucky with trailing stops, the choppy nature of recent markets isnt fail on trend trading, makes you envy the daytraders @AbbasRizvi
I refer to Steve Burns he use MA-s and point them as best trend indicator ever, when he speaks about them tells: 5SMA is first reversar sighn, 21 - SMA mid trend 50 SMA first deffence and so on when i will find the post i will attach it here good night from me for now
  • #11,273
  • Oct 4, 2019 9:35am Oct 4, 2019 9:35am
Quoting mizi123
{quote} I refer to Steve Burns he use MA-s and point them as best trend indicator ever, when he speaks about them tells: 5SMA is first reversar sighn, 21 - SMA mid trend 50 SMA first deffence and so on when i will find the post i will attach it here good night from me for now
Exellent week for me folks i hope same results you had
  • #11,274
  • Oct 7, 2019 8:48am Oct 7, 2019 8:48am
Quoting mizi123
{quote} I refer to Steve Burns he use MA-s and point them as best trend indicator ever, when he speaks about them tells: 5SMA is first reversar sighn, 21 - SMA mid trend 50 SMA first deffence and so on when i will find the post i will attach it here good night from me for now
Steve Burns is quite right and I think it is the best, no need of more than 50 MA
Good wishes
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  • #11,275
  • Oct 7, 2019 9:40am Oct 7, 2019 9:40am
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  • #11,276
  • Oct 7, 2019 10:34am Oct 7, 2019 10:34am
I'm testing Oanda but still trading on Etoro.
With this strat if daily closes below 0,6690 I should go short on AC (on etoro) but not on Oanda, since 5sma isn't in the right direction.
Which one is THE true chart to play with?

The difference:
oanda:
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  • #11,277
  • Oct 7, 2019 10:38am Oct 7, 2019 10:38am
Quoting doax
I'm testing Oanda but still trading on Etoro. With this strat if daily closes below 0,6690 I should go short on AC (on etoro) but not on Oanda, since 5sma isn't in the right direction. Which one is THE true chart to play with? The difference: oanda: {image} etoro: {image}
eur/nzd and nzd/chf look's better take a look!?
  • #11,278
  • Oct 7, 2019 10:54am Oct 7, 2019 10:54am
Not realy :\
Guess I am missing something? Maybe daily candle open time?
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  • #11,279
  • Oct 9, 2019 7:17am Oct 9, 2019 7:17am
GOLD STILL BEARISH
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  • #11,280
  • Oct 9, 2019 8:40am Oct 9, 2019 8:40am
Quoting AbbasRizvi
GOLD STILL BEARISH {image}
Yes- Head and shoulder structure forming (Bearish)
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