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Monthly Profit - Daily Trading using SMA

  • #11,701
  • Sep 21, 2020 10:28pm Sep 21, 2020 10:28pm
GBPCHF - No trade for today. Reason:
1. MA 5 still up
2. sideways pattern
Attached Image
  • #11,702
  • Sep 22, 2020 1:49am Sep 22, 2020 1:49am
Quoting Filipo1
{quote} GBPJPY last Friday’s candlestick gave a nice one. {image}

This pair still move very well south.
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #11,703
  • Sep 22, 2020 1:52am Sep 22, 2020 1:52am
Quoting michellepsfx
GBPCHF - No trade for today. Reason: 1. MA 5 still up 2. sideways pattern {image}
Hi, thanks for your suggestions.
One question :
What is the method(criteria) you use to decide which setup moving sideways and which one is trending ?
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #11,704
  • Sep 22, 2020 2:05am Sep 22, 2020 2:05am
Quoting Kodzhamanov
{quote} Hi, thanks for your suggestions. One question : What is the method(criteria) you use to decide which setup moving sideways and which one is trending ?
Hi Kodzhamanov, please feel free to ask though I am still learning. I believe sharing & discussing will make me learn things faster.

For your questions about deciding which setup was sideways & trending, here it is my opinion. but i could be worng. cmiiw
Attached Image
  • #11,705
  • Sep 22, 2020 1:02pm Sep 22, 2020 1:02pm
Hi, team !

Question:

How many pairs are you trade? Are you focus on 2-3 pairs so you can always aware of what it happens or you trade every pair which suits the rules of the strategy?
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #11,706
  • Sep 24, 2020 12:44am Sep 24, 2020 12:44am
it looks like good
Attached Image (click to enlarge)
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  • #11,707
  • Sep 24, 2020 6:31am Sep 24, 2020 6:31am
Quoting Kodzhamanov
Hi, team ! Question: How many pairs are you trade? Are you focus on 2-3 pairs so you can always aware of what it happens or you trade every pair which suits the rules of the strategy?
Hello
Only 2 or 3 pairs at the time going.
For a time now NzdCad has been quite stabile to trade with.
All the best.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #11,708
  • Oct 1, 2020 2:14am Oct 1, 2020 2:14am
AUDCHF looks good for upside continuation.
Attached Image (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #11,709
  • Oct 1, 2020 11:09am Oct 1, 2020 11:09am
USDCHF I might be wrong but I am not selling it despite the signal.
We had a strong rebound on the monthly chart with a bullish engulfing pattern bottoming up from a strong uptrend support line on the Dollar Index.
And daily RSI uptrend still in place above 50.
Attached Image(s) (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #11,710
  • Oct 4, 2020 12:20pm Oct 4, 2020 12:20pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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First chart is the weekly and second is the daily.
To me it looks like we could go north now. But it can as well continue south. Next week will tell and I am ready on the trigger.
Note I use a period of 100 on the BB so it doesn't look like yours.
MetaTrader 4 - so many advantages.
  • #11,711
  • Oct 5, 2020 12:50pm Oct 5, 2020 12:50pm
I am involved in 2 trades since Wednesday EUR/USD long and USD/CAD short. I plan to close half of my position after one day in profit and to let the profit goes.
Attached Image(s) (click to enlarge)
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Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #11,712
  • Oct 8, 2020 9:03am Oct 8, 2020 9:03am
NZDUSD seems ripe for a short.
Attached Image (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #11,713
  • Oct 8, 2020 10:04am Oct 8, 2020 10:04am
Agree. But will wait to se it go below the two previous LL. Then things can move fast.
MetaTrader 4 - so many advantages.
  • #11,714
  • Oct 11, 2020 4:05pm Oct 11, 2020 4:05pm
What is in on my radar for Monday. Which are the pairs you are plan to trade?
Attached Image (click to enlarge)
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Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #11,715
  • Oct 16, 2020 1:38am Oct 16, 2020 1:38am
EURUSD no comment needed I guess.
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I used to be indecisive but now I'm not so sure...
  • #11,716
  • Oct 16, 2020 2:19am Oct 16, 2020 2:19am
Quoting Filipo1
EURUSD no comment needed I guess. {image}
I am also involved in this trade. One question: are you enter the trade on the next day after the SMA cross the candle or waiting one more day?
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #11,717
  • Oct 16, 2020 2:23am Oct 16, 2020 2:23am
Quoting Kodzhamanov
{quote} I am also involved in this trade. One question: are you enter the trade on the next day after the SMA cross the candle or waiting one more day?
Hi Kodzhamanov, I enter as soon as SMA5 is pointing up/down after a daily close.
I used to be indecisive but now I'm not so sure...
  • #11,718
  • Oct 16, 2020 2:24am Oct 16, 2020 2:24am
NZDUSD Here we go...
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I used to be indecisive but now I'm not so sure...
  • #11,719
  • Oct 16, 2020 8:11am Oct 16, 2020 8:11am
Pretty good signal, I'm in also!
  • #11,720
  • Oct 21, 2020 3:08pm Oct 21, 2020 3:08pm
A strong move in the market, changing direction. What is in your radar for tomorrow? I am monitoring a few pairs :

USD/CAD short (in the trade from yesterday, but still possible for entries)
CAD/JPY - short (was long the market hit the SL, now I am considering entering short)
EUR/GBP - short?
AUD/USD - long
NZD/JPY - long ( I am not sure about this one)

Still holding EUR/USD long. Anyone else in this trade?
Attached Image (click to enlarge)
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Dreams don't work unless you do
RealDeal All Time Return: -73.9%
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