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Monthly Profit - Daily Trading using SMA

  • #12,321
  • Dec 24, 2022 2:00am Dec 24, 2022 2:00am
Quoting Filipo1
{quote} Hi Smokey7, I can’t tell from experience but when a strategy is coherent it should just be efficient on most types of assets. I have seen a few Ichimoku traders doing very well in stocks as in forex.
No problem I may test it out regardless, thank you for the great contribution!
  • #12,322
  • Mar 31, 2023 1:36pm Mar 31, 2023 1:36pm
I suppose this question is directed to Filipo1, Oddbjorg and Maxwell87 . . . but others are welcome to chime in. I am wondering if you see a qualified entry (I actually like the ema 5,3 best but I keep the BB and RSI 14 on the chart for some guidance and draw dynamic TLs if possible) on D1 do you drop down to a lower tf for your entry, maybe H1 or M15? Alternatively, it seems to make sense to me to enter as and if price exceeds the wick on the previous qualifying D1 candle. However, I know on many forums the call is to drop down tf and look for a qualification on the lower tf.

If you drop down to the M15 or less almost anything can happen in the short run. Coming in past the D1 wick gives up some pips but seems to add a layer of safety.

Any thoughts or guidance from your experience with this system assuming you are trading with the D1.

Many thanks. My best to you.

FS
  • #12,323
  • Edited 8:51am Apr 20, 2023 7:06am | Edited 8:51am
Quoting Forest-Sea
I suppose this question is directed to Filipo1, Oddbjorg and Maxwell87 . . . but others are welcome to chime in. I am wondering if you see a qualified entry (I actually like the ema 5,3 best but I keep the BB and RSI 14 on the chart for some guidance and draw dynamic TLs if possible) on D1 do you drop down to a lower tf for your entry, maybe H1 or M15? Alternatively, it seems to make sense to me to enter as and if price exceeds the wick on the previous qualifying D1 candle. However, I know on many forums the call is to drop down tf and look for...
Hi Forest-Sea,

Sorry for the late reply. I am no longer using this specific strategy and am no more active on this forum. I use essentially Ichimoku Kinko Hyo now, traditional Hosoda way with 5 lines, time cycles and forecast lines. If you are interested I strongly recommend watching the YouTube channel of Japanese Forex Trader Kei.
And to reply to your query, timeframes top-down analysis is essential whatever indicators/strategy you are using as it wil allow to limit your losses and opt for tighter stop-loss if you are are using them for your risk-management (the only real strategy…).
All the best.
I used to be indecisive but now I'm not so sure...
  • #12,324
  • Apr 24, 2023 2:55pm Apr 24, 2023 2:55pm
Thanks Filipo for your response. I generally have Ichimoku on my screen no matter what else is there. Trader Kei has truly shown much on his sites. Glad this is working well for you. My general concern with ICH is that one passes on possibly qualified entries waiting for everything to qualify with the 5 lines.

If I could ask one additional thing of you, I wonder what TF you are actively trading?

Wishing you every success.

FS
  • #12,325
  • Apr 30, 2023 9:43am Apr 30, 2023 9:43am
Quoting Forest-Sea
Thanks Filipo for your response. I generally have Ichimoku on my screen no matter what else is there. Trader Kei has truly shown much on his sites. Glad this is working well for you. My general concern with ICH is that one passes on possibly qualified entries waiting for everything to qualify with the 5 lines. If I could ask one additional thing of you, I wonder what TF you are actively trading? Wishing you every success. FS
i use the Spartan trading system....works awesome.
  • #12,326
  • May 1, 2023 4:27am May 1, 2023 4:27am
Quoting Forest-Sea
I suppose this question is directed to Filipo1, Oddbjorg and Maxwell87 . . . but others are welcome to chime in. I am wondering if you see a qualified entry (I actually like the ema 5,3 best but I keep the BB and RSI 14 on the chart for some guidance and draw dynamic TLs if possible) on D1 do you drop down to a lower tf for your entry, maybe H1 or M15? Alternatively, it seems to make sense to me to enter as and if price exceeds the wick on the previous qualifying D1 candle. However, I know on many forums the call is to drop down tf and look for...
Hello Forest Sea.
Thank you for the good old times, - but

- in the beginning of 2023 I withdrawed from forex a lot, as I think the USD started to behave strange. I just thought it could have something to do with crypto.
- and hence it is not good to express what I do in forex on the forum, as I am only 50/50 % sure in my takings.
It may be better again later.
Thank you for always being so kind on the forum.
All the best to you all.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #12,327
  • Jun 17, 2023 12:40pm Jun 17, 2023 12:40pm
Quoting Forest-Sea
Thanks Filipo for your response. I generally have Ichimoku on my screen no matter what else is there. Trader Kei has truly shown much on his sites. Glad this is working well for you. My general concern with ICH is that one passes on possibly qualified entries waiting for everything to qualify with the 5 lines. If I could ask one additional thing of you, I wonder what TF you are actively trading? Wishing you every success. FS
kei is a horrible trader and ichi doesnt work well in forex!!!!
  • #12,328
  • Jun 18, 2023 11:19pm Jun 18, 2023 11:19pm
Thanks for the system.
  • #12,329
  • Jun 19, 2023 2:48am Jun 19, 2023 2:48am
Quoting ninner
{quote} i use the Spartan trading system....works awesome.
Do you like Spartan better than Turtle?
MetaTrader 4 - so many advantages.
  • #12,330
  • Nov 8, 2023 3:21pm Nov 8, 2023 3:21pm
hello all

took some time off

some nice moves
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  • #12,331
  • Nov 10, 2023 1:43am Nov 10, 2023 1:43am
i added to winning positions

currently in profit but time will tell
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  • #12,332
  • Nov 12, 2023 7:27am Nov 12, 2023 7:27am
Quoting maxwell87
hello all took some time off some nice moves {image} {image} {image} {image} {image} {image} {image}
Hi maxwell87, are you getting better results with SMA10 vs. SMA5?
I used to be indecisive but now I'm not so sure...
  • #12,333
  • Nov 13, 2023 2:43am Nov 13, 2023 2:43am
Quoting Filipo1
{quote} Hi maxwell87, are you getting better results with SMA10 vs. SMA5?
i put it on sometimes, but it doesnt make a difference.

heres audcad with 5,3 and 10 sma
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  • #12,334
  • May 21, 2024 4:36am May 21, 2024 4:36am
Hi all,

I am new to this thread. I took a long trade on GBPNZD today as a big bull bar closed above the SMA.

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  • #12,335
  • May 22, 2024 7:58am May 22, 2024 7:58am
Let's see if this still works.
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I used to be indecisive but now I'm not so sure...
  • #12,336
  • May 22, 2024 8:00am May 22, 2024 8:00am
Quoting rchua
Hi all, I am new to this thread. I took a long trade on GBPNZD today as a big bull bar closed above the SMA. {image}
Welcome rchua.
I used to be indecisive but now I'm not so sure...
  • #12,337
  • May 22, 2024 5:32pm May 22, 2024 5:32pm
Hi Filipo1,

Have you had any success with this strategy? I have started using it again after 7 years. This time with more awareness of how markets moves, I see it working as longs as I am trading with the trend.

Thanks
KM
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  • #12,338
  • May 22, 2024 8:09pm May 22, 2024 8:09pm
Quoting Filipo1
{quote} Welcome rchua.

Thank you Filipo1
  • #12,339
  • May 22, 2024 8:13pm May 22, 2024 8:13pm
Quoting rchua
Hi all, I am new to this thread. I took a long trade on GBPNZD today as a big bull bar closed above the SMA. {image}
Got stopped out at BE but not after taking partial profits at +56 pips

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  • #12,340
  • May 23, 2024 7:53am May 23, 2024 7:53am
Quoting Km3
Hi Filipo1, Have you had any success with this strategy? I have started using it again after 7 years. This time with more awareness of how markets moves, I see it working as longs as I am trading with the trend. Thanks KM {image} {image} {image}
Hi Km3,

I had but as markets got more and more choppy I started to look for other systems.
Nevertheless I must confess I often miss the candid simplicity of it and keep it in my radar from time to time.
All the best.
I used to be indecisive but now I'm not so sure...
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