Monthly Profit - Daily Trading using SMA

Post #11,761
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Feb 22, 2021 2:59pm Feb 22, 2021 2:59pm

Forest-Sea
| Joined Aug 2009 | Status: Member | 520 Posts

Quoting Filipo1

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

Ignored

Ah, yes, that makes good sense. Thank you.

Post #11,762
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Feb 23, 2021 10:43am Feb 23, 2021 10:43am

Oddbjorg
Joined Aug 2016 | Status: Member | 1,616 Posts

Quoting Filipo1

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{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...

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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.

Post #11,763
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Feb 24, 2021 3:33pm Feb 24, 2021 3:33pm

Filipo1
Joined Nov 2013 | Status: Member | 835 Posts

Quoting Oddbjorg

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{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.

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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...

Post #11,764
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Edited at 11:51pm Feb 24, 2021 11:39pm | Edited at 11:51pm

Filipo1
Joined Nov 2013 | Status: Member | 835 Posts

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...

Post #11,765
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Feb 25, 2021 5:34pm Feb 25, 2021 5:34pm

Froggy
Joined May 2018 | Status: Tadpole | 2,187 Posts

Quoting Filipo1

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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}

Ignored

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!!!

Post #11,766
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Feb 26, 2021 3:50am Feb 26, 2021 3:50am

samdan12k
| Joined Dec 2017 | Status: Junior Member | 1 Post

gbpusd

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Post #11,767
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Feb 26, 2021 5:49am Feb 26, 2021 5:49am

Filipo1
Joined Nov 2013 | Status: Member | 835 Posts

Quoting Filipo1

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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}

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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...

Post #11,768
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Feb 26, 2021 7:00am Feb 26, 2021 7:00am

Filipo1
Joined Nov 2013 | Status: Member | 835 Posts

Quoting Filipo1

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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}

Ignored

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...

Post #11,769
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Feb 28, 2021 4:09pm Feb 28, 2021 4:09pm

Kodzhamanov
| Joined Jan 2017 | Status: Member | 27 Posts

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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Dreams don't work unless you do

Post #11,770
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Mar 5, 2021 5:40pm Mar 5, 2021 5:40pm

leleitaly
| Joined Feb 2019 | Status: Member | 16 Posts

Quoting Filipo1

Disliked

{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...

Ignored

due respect for your opinion, but besides disagreeing, with SMA 5 you would have entered much earlier, it seems to me that your excellent trades are outside the rules of this post, also I want to make an appeal to keep this POST alive, has a huge potential even now ... I attach screenshots of the 2 small trades of today ... entry with EA, closing in manual.

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Post #11,771
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Edited at 11:30am Mar 6, 2021 11:05am | Edited at 11:30am

Filipo1
Joined Nov 2013 | Status: Member | 835 Posts

Quoting leleitaly

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{quote} due respect for your opinion, but besides disagreeing, with SMA 5 you would have entered much earlier, it seems to me that your excellent trades are outside the rules of this post, also I want to make an appeal to keep this POST alive, has a huge potential even now ... I attach screenshots of the 2 small trades of today ... entry with EA, closing in manual. {image}

Ignored

Hi leleitaly, just for your information this thread’s system has been evolving since the beginning. Initially its founder Bk8 used SMA5,0 coupled with SMA5,3 to enter only on crossovers of the first with the latter. Then it appeared from experience that SMA5,0 pointing up or down was a better indicator after quite a few lost trades due the lagging effect of the crossover. Initially he also had Parabolic SAR on his charts which he later decided to abandon for not being sufficiently reliable. So what is on post #1 is just the reflection of the state of evolution of his basic idea not long before he disappeared from this forum. It may however not necessarily become the object of some kind of cult. Nothing is written in stone here I am afraid. Apart from that I am only suggesting what I found to be more reliable from my experience but would never discourage you to follow this system stricto sensu if that makes you feel more comfortable.

All the best.

I used to be indecisive but now I'm not so sure...

Post #11,772
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Mar 6, 2021 11:57am Mar 6, 2021 11:57am

leleitaly
| Joined Feb 2019 | Status: Member | 16 Posts

Quoting Filipo1

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{quote} Hi leleitaly, just for your information this thread’s system has been evolving since the beginning. Initially its founder Bk8 used SMA5,0 coupled with SMA5,3 to enter only on crossovers of the first with the latter. Then it appeared from experience that SMA5,0 pointing up or down was a better indicator after quite a few lost trades due the lagging effect of the crossover. Initially he also had Parabolic SAR on his charts which he later decided to abandon for not being sufficiently reliable. So what is on post #1 is just the reflection of...

Ignored

Well mine was not a criticism of your trading, you are a very prepared, cultured person, and surely you will have excellent results, but if I read the first 100 pages and the last 50 pages, let me say that your dashboards are very different from that original, even your income is very good but they are based on intuitions that are different each time, and unfortunately DISCRETIONAL ...
Having said that everyone has the right to say his opinion, I'm only sorry that this thread has no more supporters, it's so simple, just a look at any graph to understand the potential.

Post #11,773
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Mar 7, 2021 11:02am Mar 7, 2021 11:02am

Filipo1
Joined Nov 2013 | Status: Member | 835 Posts

Quoting leleitaly

Disliked

{quote} Well mine was not a criticism of your trading, you are a very prepared, cultured person, and surely you will have excellent results, but if I read the first 100 pages and the last 50 pages, let me say that your dashboards are very different from that original, even your income is very good but they are based on intuitions that are different each time, and unfortunately DISCRETIONAL ... Having said that everyone has the right to say his opinion, I'm only sorry that this thread has no more supporters, it's so simple, just a look at any graph...

Ignored

Well noted, we are waiting for your regular contributions. This system is definitely simple and easy to apply . A strength but sooner or later a limitation too.

I used to be indecisive but now I'm not so sure...

Post #11,774
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Mar 9, 2021 4:05am Mar 9, 2021 4:05am

Filipo1
Joined Nov 2013 | Status: Member | 835 Posts

For those who would doubt the meaningfulness of Fibonacci and technical analysis overall.

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I used to be indecisive but now I'm not so sure...

Post #11,775
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Mar 10, 2021 12:46am Mar 10, 2021 12:46am

Filipo1
Joined Nov 2013 | Status: Member | 835 Posts

EURCHF sent a signal.
The pair is retracing after reaching an important support/resistance visible on the weekly chart. On the daily the pair is back from overbought territory with a bearish divergence on RSI.

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