Attachments: Monthly Profit - Daily Trading using SMA

Monthly Profit - Daily Trading using SMA

#12,081
Edited 5:56am Oct 25, 2021 5:43am | Edited 5:56am

Oddbjorg
Joined Aug 2016 | Status: Trader | 1,724 Posts

Hello
EU ranging - BB narrowing - Wait and see to night og tomorrow nights Tokyo open for a break either way.
I know this is not much help - but this is how I look at it.
All the best.
Oddbjørg.

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All the best to all of you. But don't follow me. I am a learner.

#12,082
Oct 26, 2021 2:02pm Oct 26, 2021 2:02pm

BataviaTrade
Joined Jul 2011 | Status: Trader | 839 Posts

EURJPY sl hit

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#12,083
Oct 26, 2021 2:05pm Oct 26, 2021 2:05pm

BataviaTrade
Joined Jul 2011 | Status: Trader | 839 Posts

Quoting BataviaTrade

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CADCHF short {image}

Ignored

CADCHF sl hit

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#12,084
Oct 26, 2021 2:08pm Oct 26, 2021 2:08pm

BataviaTrade
Joined Jul 2011 | Status: Trader | 839 Posts

Quoting Oddbjorg

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Hello EU ranging - BB narrowing - Wait and see to night og tomorrow nights Tokyo open for a break either way. I know this is not much help - but this is how I look at it. All the best. Oddbjørg. {image}

Ignored

Hi Oddbjorg, are you implying that a narrowing bb would indicate a new trading signal?

Best regards
BT

#12,085
Oct 27, 2021 5:10am Oct 27, 2021 5:10am

Oddbjorg
Joined Aug 2016 | Status: Trader | 1,724 Posts

Quoting BataviaTrade

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{quote} Hi Oddbjorg, are you implying that a narrowing bb would indicate a new trading signal? Best regards BT

Ignored

Hello Batavia Trade - nice having you.
For me it looks like that when the upper and lower BB are narrowing and the trend is somewhat slowing down, the currency pair goes in to a kind of charging mode for a new trend and then takes off and bb widens again.
Childlike explanation and maybe some of the profs could tell it better.
All the best.
Oddbjørg

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All the best to all of you. But don't follow me. I am a learner.

#12,086
Oct 27, 2021 7:07am Oct 27, 2021 7:07am

Oddbjorg
Joined Aug 2016 | Status: Trader | 1,724 Posts

EU
Still waiting - not bearish- even though sma points down - it is not enough - because candles have wicks - so we will see which way this will go.
Take care.
Oddbjørg.

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All the best to all of you. But don't follow me. I am a learner.

#12,087
Oct 27, 2021 9:58am Oct 27, 2021 9:58am

Calamity666
| Joined Jul 2016 | Status: Trader | 15 Posts

Quoting Oddbjorg

Disliked

EU Still waiting - not bearish- even though sma points down - it is not enough - because candles have wicks - so we will see which way this will go. Take care. Oddbjørg. {image}

Ignored

Usd is strong, it bring eur down further

#12,088
Oct 27, 2021 10:05am Oct 27, 2021 10:05am

Calamity666
| Joined Jul 2016 | Status: Trader | 15 Posts

Quoting leleitaly

Disliked

{quote} on BT tradingview 80%...in reality much less, I am not disciplined, I have no patience, I trade too many currencies at the same time .. I think that at the moment I am losing something

Ignored

I had my directions forecast 75% right and the actual results 20-38% right , so it give me negative cash….. I guess I don’t need leverages …..

#12,089
Oct 27, 2021 12:30pm Oct 27, 2021 12:30pm

BataviaTrade
Joined Jul 2011 | Status: Trader | 839 Posts

Quoting Oddbjorg

Disliked

{quote} Hello Batavia Trade - nice having you. For me it looks like that when the upper and lower BB are narrowing and the trend is somewhat slowing down, the currency pair goes in to a kind of charging mode for a new trend and then takes off and bb widens again. Childlike explanation and maybe some of the profs could tell it better. All the best. Oddbjørg {image} {image}

Ignored

Hi Oddbjorg, thank you for your response and your insights. I will take note when considering an entry to see if it stands. Let's hope for the best.

Happy trading
BT

#12,090
Edited 6:52pm Oct 27, 2021 6:40pm | Edited 6:52pm

Oddbjorg
Joined Aug 2016 | Status: Trader | 1,724 Posts

Quoting Oddbjorg

Disliked

EU Still waiting - not bearish- even though sma points down - it is not enough - because candles have wicks - so we will see which way this will go. Take care. Oddbjørg. {image}

Ignored

Want a bearish candle with no wicks to break down to red line 1 or 2 and ma 5 pointing down and BB widening a bit to go in and sell. We will see. All the best.
Oddbj.

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All the best to all of you. But don't follow me. I am a learner.

#12,091
Oct 27, 2021 10:18pm Oct 27, 2021 10:18pm

Bobcat2
| Joined Aug 2006 | Status: Trader | 1,024 Posts

What does the red line connote?

#12,092
Oct 27, 2021 11:59pm Oct 27, 2021 11:59pm

Oddbjorg
Joined Aug 2016 | Status: Trader | 1,724 Posts

Quoting Bobcat2

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What does the red line connote?

Ignored

Former sup and res

All the best to all of you. But don't follow me. I am a learner.

#12,093
Oct 28, 2021 4:09am Oct 28, 2021 4:09am

sam1967
| Joined Nov 2019 | Status: Trader | 123 Posts

Quoting Oddbjorg

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{quote} Former sup and res

Ignored

Dear oddbjorg..how do you manage your trade during the economic news with this method ....regards

#12,094
Oct 28, 2021 7:31am Oct 28, 2021 7:31am

Oddbjorg
Joined Aug 2016 | Status: Trader | 1,724 Posts

Quoting sam1967

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{quote} Dear oddbjorg..how do you manage your trade during the economic news with this method ....regards

Ignored

Hello
I have not yet learned to trade the news as some profs do.
This system is just mainly going through the charts at Tokyo open,
and go in or stay out ref. to rules.
Take care.
Oddbjørg

All the best to all of you. But don't follow me. I am a learner.

#12,095
Oct 29, 2021 2:46am Oct 29, 2021 2:46am

Filipo1
Joined Nov 2013 | Status: Trader | 1,192 Posts

We all know how important is the crossing of the Bollinger middle band SMA20. I like to filter it in conjunction with the cross of RSI 50 middle line.
Here we have two different upward crosses of the BMB. At the opening of the next candlestick after the first crossover the RSI was left below 50 line and price action pulled back. On the second crossover RSI line crossed over 50 and price action finally broke upside after ranging for a few days.
Happy Friday.

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

#12,096
Edited 3:46am Oct 29, 2021 3:31am | Edited 3:46am

Filipo1
Joined Nov 2013 | Status: Trader | 1,192 Posts

Quoting Filipo1

Disliked

We all know how important is the crossing of the Bollinger middle band SMA20. I like to filter it in conjunction with the cross of RSI 50 middle line. Here we have two different upward crosses of the BMB. At the opening of the next candlestick after the first crossover the RSI was left below 50 line and price action pulled back. On the second crossover RSI line crossed over 50 and price action finally broke upside after ranging for a few days. Happy Friday. {image} {image}

Ignored

For those familiar with Ichimoku it’s interesting to note how the Chikou Span (gold) has been rejected by the SMA20 (turquoise) on the monthly EURUSD. This shows it’s a strong support/resistance at play.

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