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Monthly Profit - Daily Trading using SMA

Quoting Filipo1
{quote} Not exactly, I use daily and weekly to check signals / hedging levels and monthly for targets.

Ah, yes, that makes good sense. Thank you.
Quoting Filipo1
{quote} Follow up post #11748. As shown on the weekly chart the bearish trend is intact. I re-entered short on Dec.30 2020 based on the signal given on the close of Dec.29 as shown on the attached daily chart: https://www.tradingview.com/x/cg1jW4hT/ I strongly recommend that you learn candlestcicks patterns and price action major support/resistance levels (Fibonacci) and trend lines. Much more reliable than SMA5 pointing up/down. P.S. I learned a lot from Justin Bennett at dailypriceaction.com https://youtu.be/vJvPburjU74 All...
Hello
Thank you so much.
Yes, I will try to learn this.
Thank you for the link to Justin Bennets material on the net.
All the best to you.
Oddbjørg.
All the best to all of you. But don't follow me. I am a learner.
Quoting Oddbjorg
{quote} Hello Thank you so much. Yes, I will try to learn this. Thank you for the link to Justin Bennets material on the net. All the best to you. Oddbjørg.
Hi Oddbjorg, glad if that can help. We all are eternal apprentices on the way.
I used to be indecisive but now I'm not so sure...
EURNZD
NZDUSD has reached an important resistance after a long rally. I would keep watching EURUSD which has been consolidating on similar resistance and could resume uptrend due to overall Dollar weakness.
I will take part of my profit here.
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I used to be indecisive but now I'm not so sure...
Quoting Filipo1
EURNZD NZDUSD has reached an important resistance after a long rally. I would keep watching EURUSD which has been consolidating on similar resistance and could resume uptrend due to overall Dollar weakness. I will take part of my profit here. {image} {image}
G'day,

I have read most of the pages but either missed or the SMA 5 setting are missing. Could anyone help? thanks.
Stay green!!!
gbpusd
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Quoting Filipo1
EURNZD NZDUSD has reached an important resistance after a long rally. I would keep watching EURUSD which has been consolidating on similar resistance and could resume uptrend due to overall Dollar weakness. I will take part of my profit here. {image} {image}
EURNZD
A possible pattern in formation to keep in mind:
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I used to be indecisive but now I'm not so sure...
Quoting Filipo1
EURNZD NZDUSD has reached an important resistance after a long rally. I would keep watching EURUSD which has been consolidating on similar resistance and could resume uptrend due to overall Dollar weakness. I will take part of my profit here. {image} {image}
After taking profits on part of my global position yesterday early morning based on the analysis above and the 24Feb candlestick closing way in breach of Bollinger lower band I am now re-entering short with tight hedge above R1, all in agreement with MACD and/or RSI.
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I used to be indecisive but now I'm not so sure...
Hi, Guys!

I am really glad to see that the thread is still alive.
Although the big candle, I plan to go short.

What do you think about EUR/USD?
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