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Monthly Profit - Daily Trading using SMA

  • #12,401
  • Dec 7, 2024 3:16am Dec 7, 2024 3:16am
Quoting Filipo1
{quote} Hi Krameri, Yes I do have good results but as mentioned before with some personal adjustments. All in all I guess every strategy works but what is mostly impacting traders' P&L is RISK MANAGEMENT. When I started my trading journey I was reading, hearing this repeatedly but for certain people like myself it can take time to accept it and act accordingly. Most performing traders I have been in contact with have a winning/losing trades ratio of approximately 35% on average. Nevertheless they can show consistency in their performance due to...
My last compounding trades this week:
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I used to be indecisive but now I'm not so sure...
  • #12,402
  • Dec 7, 2024 3:40am Dec 7, 2024 3:40am
See you next time, and best wishes for a happy festive season!
I used to be indecisive but now I'm not so sure...
  • #12,403
  • Jan 10, 2025 2:55am Jan 10, 2025 2:55am
Hi all,

ive been following this group for a while and really liked the idea. I just didn’t have the patience until now to use it.

started using it last couple of days. The way I do it is put in the trade when I wake up for work. No fixed hour I guess between 5am and 7am gmt.

i close the trade at end of the day if the trade reaches the pips defined by the daily atr 10

todays trades
Sell- eurjpy, gbpjpy, gbpusd, nzdusd

trying this with my ftmo challenge. Seen more benefit using this strategy than my own.
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  • #12,404
  • Jan 10, 2025 10:04am Jan 10, 2025 10:04am
All closed hit sl or tp.

I could have got more in gbpjpy but I moved my sl very close to the atr 10 value so can’t complain.

for context I’ve been dabbling for 1 month and a half below initial balance. So well chuffed about today.
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  • #12,405
  • Jan 17, 2025 4:35am Jan 17, 2025 4:35am
how is this going? following thread
  • #12,406
  • Jan 21, 2025 7:36am Jan 21, 2025 7:36am
OIL sent a sell signal supported by the weekly pin bar outside the upper Bollinger band.
TP1 on middle Bollinger band.
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I used to be indecisive but now I'm not so sure...
  • #12,407
  • Jan 23, 2025 2:46pm Jan 23, 2025 2:46pm
Quoting Filipo1
OIL sent a sell signal supported by the weekly pin bar outside the upper Bollinger band. TP1 on middle Bollinger band. {image} {image}
TP1 reached.
TP2 possibly weekly Bollinger middle band.
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I used to be indecisive but now I'm not so sure...
  • #12,408
  • Jan 25, 2025 12:21am Jan 25, 2025 12:21am
Quoting Filipo1
{quote} TP1 reached. TP2 possibly weekly Bollinger middle band. {image}
TP2 at 72.00
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I used to be indecisive but now I'm not so sure...
  • #12,409
  • Jan 25, 2025 2:17am Jan 25, 2025 2:17am
The AUDUSD is set to continue its uptrend, confirmed by the Dollar Index's downtrend.
RSI crossing 50 is a good confirmation for both.
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I used to be indecisive but now I'm not so sure...
  • #12,410
  • Jan 25, 2025 2:33am Jan 25, 2025 2:33am
Quoting Filipo1
The AUDUSD is set to continue its uptrend, confirmed by the Dollar Index's downtrend. RSI crossing 50 is a good confirmation for both. {image} {image}
The same goes for GBPUSD.
By the way, all GBP pairs have performed well this week.
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I used to be indecisive but now I'm not so sure...
  • #12,411
  • Jan 25, 2025 2:39am Jan 25, 2025 2:39am
Gold uptrend also seems firm and set to continue.
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I used to be indecisive but now I'm not so sure...
  • #12,412
  • Jan 30, 2025 10:38am Jan 30, 2025 10:38am
Quoting Filipo1
{quote} My last compounding trades this week: {image} {image}
Quoting Filipo1
Gold uptrend also seems firm and set to continue. {image}
Hello @Filipo1 are you still using this strategy?
I'm doing some backtest and looks good, because if you are good with risk managing winners are bigger than the losses
Are you profitable?
Thank you
ps: @Bk8 are you still alive?
  • #12,413
  • Jan 31, 2025 7:33am Jan 31, 2025 7:33am
Quoting goodvibes
{quote} {quote} Hello @Filipo1 are you still using this strategy? I'm doing some backtest and looks good, because if you are good with risk managing winners are bigger than the losses Are you profitable? Thank you ps: @Bk8 are you still alive?
Hi, are you serious? Can't you just read? Sorry but this is typically the kind of question that makes me want becoming sarcastic...
I used to be indecisive but now I'm not so sure...
  • #12,414
  • Jan 31, 2025 5:55pm Jan 31, 2025 5:55pm
Greetings again Filipo. Been quite a while for me as I have been ill (reading this Jan 31). So good to see you are still active on this thread and unsurprisingly with continuing solid success.

I expect to get back to this likely next week and just seeing your work encourages me to do so.

With very best regards,

F-S
  • #12,415
  • Apr 22, 2025 10:15pm Apr 22, 2025 10:15pm
Thank you Bk8 and all who have contributed to this thread!

I have just one question for now, is it fine to use a broker that has a Sunday candle? This is bit of an issue for my since using GMT+2/+3 broker would not work for my timezone. Thank you in advance!
  • #12,416
  • May 4, 2025 3:19am May 4, 2025 3:19am
CADCHF upward retracement seems to have topped as shown by the last two daily dojis below the 50% Fibo. Could be signaling a new wave down in an overall downtrend from daily to monthly timeframes.To be monitored.
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I used to be indecisive but now I'm not so sure...
  • #12,417
  • May 4, 2025 3:43am May 4, 2025 3:43am
CHFJPY uptrend potential intact to me with last weekly candlestick crossing up the SMA5.
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I used to be indecisive but now I'm not so sure...
  • #12,418
  • May 11, 2025 11:02am May 11, 2025 11:02am
AUDJPY on watch for possible reversal.
So far the pair has been resisted by the descending trend line.
Divergence on RSI adding confluence.
To be monitored.
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I used to be indecisive but now I'm not so sure...
  • #12,419
  • May 11, 2025 1:31pm May 11, 2025 1:31pm
This means we can expect reversal
  • #12,420
  • May 11, 2025 2:03pm May 11, 2025 2:03pm
Quoting Alhrafas
This means we can expect reversal
how many strategies do you use???
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