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Monthly Profit - Daily Trading using SMA

  • #12,241
  • Jun 16, 2022 2:44pm Jun 16, 2022 2:44pm
Buy signal on NZDCAD
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I used to be indecisive but now I'm not so sure...
  • #12,242
  • Jul 26, 2022 2:26am Jul 26, 2022 2:26am
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  • #12,243
  • Jul 30, 2022 1:27am Jul 30, 2022 1:27am
GJ Hit stop before dropping lower

EJ Running
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  • #12,244
  • Jul 30, 2022 2:26am Jul 30, 2022 2:26am
GJ is in an interesting triangle on 1D chart. Price is being slowly squeezed at the moment so waiting for the proper breakout.
  • #12,245
  • Jul 30, 2022 9:48am Jul 30, 2022 9:48am
Did we strongly considering
Quote

  1. Long - SMA line in upward direction
  2. Short - SMA line in downward direction

??
  • #12,246
  • Aug 1, 2022 6:11am Aug 1, 2022 6:11am
Closed EJ
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  • #12,247
  • Aug 6, 2022 2:55am Aug 6, 2022 2:55am
Hello all.

after a short strength in JPY I think weekness is coming back. Hence. XXXJPY pairs will go up again. Price action shows rejection on the weekly charts …
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  • #12,248
  • Aug 22, 2022 10:57am Aug 22, 2022 10:57am
One good EUR/USD short trade for me ( 200 pips) started on the 15th.
Still trying to find the best exit approach here. How do you prefer to exit your trades?
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Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #12,249
  • Aug 29, 2022 9:11pm Aug 29, 2022 9:11pm
Gold can be tricky… or not.
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I used to be indecisive but now I'm not so sure...
  • #12,250
  • Sep 1, 2022 8:36am Sep 1, 2022 8:36am
Quoting Filipo1
Gold can be tricky… or not. {image}

Almost there… Now the question is will support hold?
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I used to be indecisive but now I'm not so sure...
  • #12,251
  • Sep 2, 2022 2:32pm Sep 2, 2022 2:32pm
Hi, can someone explain to me clearly how do we place the stop loss and the take profit. I didn't really understand. It will be really nice from you. Thank you very much.
  • #12,252
  • Sep 3, 2022 1:00am Sep 3, 2022 1:00am
Quoting Kodzhamanov
One good EUR/USD short trade for me ( 200 pips) started on the 15th. Still trying to find the best exit approach here. How do you prefer to exit your trades? {image}
Post 1:

Take Profit/Exit

 

  1. Take 2 positions of same setup, and close the first setup after taking profit on same day and leave the another setup to run forever
  2. Keep moving SL for second setup as per S&R
  3. You may exit when candle touches/cross BB top/bottom line.
  4. You may exit from second position if you have minimum 3 candles profit as part of 1:3 strategy.
  5. Must Exit on breakeven if setup goes in opposite direction.

  • #12,253
  • Sep 3, 2022 1:01am Sep 3, 2022 1:01am
Quoting Djee75
Hi, can someone explain to me clearly how do we place the stop loss and the take profit. I didn't really understand. It will be really nice from you. Thank you very much.
Please read Post 1

Stop Loss

  1. high(+15 Pips)/low(-15 Pips) of previous candle, if candle is too short then you may move to T-2 candle.


Take Profit/Exit

 

  1. Take 2 positions of same setup, and close the first setup after taking profit on same day and leave the another setup to run forever
  2. Keep moving SL for second setup as per S&R
  3. You may exit when candle touches/cross BB top/bottom line.
  4. You may exit from second position if you have minimum 3 candles profit as part of 1:3 strategy.
  5. Must Exit on breakeven if setup goes in opposite direction.

  • #12,254
  • Sep 3, 2022 1:42pm Sep 3, 2022 1:42pm
I don't understand the high +15 pips/ low -15pips part.
  • #12,255
  • Sep 3, 2022 11:03pm Sep 3, 2022 11:03pm
Quoting Djee75
I don't understand the high +15 pips/ low -15pips part.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12,256
  • Sep 4, 2022 4:30am Sep 4, 2022 4:30am
Quoting emmanuel7788
{quote} {image}
Thank you very much emmanuel.
  • #12,257
  • Sep 5, 2022 12:22am Sep 5, 2022 12:22am
Quoting maxwell87
{quote} Post 1: Take Profit/Exit Take 2 positions of same setup, and close the first setup after taking profit on same day and leave the another setup to run forever Keep moving SL for second setup as per S&R You may exit when candle touches/cross BB top/bottom line. You may exit from second position if you have minimum 3 candles profit as part of 1:3 strategy. Must Exit on breakeven if setup goes in opposite direction.

Hey, thanks for your reply. I am aware of the strategy rules. I am just curious to hear about your experience and backtesting what results in you are achieving
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #12,258
  • Sep 8, 2022 8:43am Sep 8, 2022 8:43am
Small push up. Then back down?

macro long term is down.
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  • #12,259
  • Sep 8, 2022 8:47am Sep 8, 2022 8:47am
Quoting Kodzhamanov
{quote} Hey, thanks for your reply. I am aware of the strategy rules. I am just curious to hear about your experience and backtesting what results in you are achieving
this year at the moment 25% profit. But markets are easy to read at the moment due to crash incoming. Average yearly profit is 10-20% for me
  • #12,260
  • Edited 8:21pm Sep 9, 2022 1:19pm | Edited 8:21pm
just to be sure. it's simple moving average and not smoothed moving average right?
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