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Daily Chart w/ 10sma

  • #161
  • Jan 8, 2012 2:41pm Jan 8, 2012 2:41pm
[quote=shane s;5276742]
Quoting bullbearies
I've been following this thread and found it very useful and user friendly. Here is one of the case i have.

From below xau chart, i found my entry to buy is not good

1. because SMA 200 and SMA 10 is not sync ( if sma 10 below sma 200 we should only sell) but the sma 10 suggest buy
2. the biggest reason for making it a bad trade is because the entry is tooo close S/R aprox : 50 pips
3. The close candle makes it a reversal sign ( inverted hammer ) and also possible double top pattern.
4. i was late to make the entry (...
Thank you for your reply shane, i was thinking if it breaks the SMA200 that's gonna be my TP and if it going well i'll continue to go to the the red arrow on top.

Thanks, Other opinions are most welcomed
Risk Less Gain More, Trade Less Make More
  • #162
  • Jan 8, 2012 3:14pm Jan 8, 2012 3:14pm
Quoting bullbearies
I've been following this thread and found it very useful and user friendly. Here is one of the case i have.

From below xau chart, i found my entry to buy is not good

1. because SMA 200 and SMA 10 is not sync ( if sma 10 below sma 200 we should only sell) but the sma 10 suggest buy
2. the biggest reason for making it a bad trade is because the entry is tooo close S/R aprox : 50 pips
3. The close candle makes it a reversal sign ( inverted hammer ) and also possible double top pattern.
4. i was late to make the entry ( i just found out about...
I would be looking to play shorts on this right now for sure.
Please ask questions and share your experiences with us all!
  • #163
  • Jan 8, 2012 3:18pm Jan 8, 2012 3:18pm
[quote=shane s;5276742]
Quoting bullbearies
I've been following this thread and found it very useful and user friendly. Here is one of the case i have.

From below xau chart, i found my entry to buy is not good

1. because SMA 200 and SMA 10 is not sync ( if sma 10 below sma 200 we should only sell) but the sma 10 suggest buy
2. the biggest reason for making it a bad trade is because the entry is tooo close S/R aprox : 50 pips
3. The close candle makes it a reversal sign ( inverted hammer ) and also possible double top pattern.
4. i was late to make the...
I will not let the 100 or 200 keep me from entering a trade as long as my entry is 100 pips or more away from the 100 or 200sma. I often use the 200sma as a place to take profit or at least move my s/l to +5 or whatever you like. Personally I do not use a 100sma only a 200sma.
Please ask questions and share your experiences with us all!
  • #164
  • Jan 8, 2012 3:20pm Jan 8, 2012 3:20pm
Hey bullbearies , How do I post my trades and highlight quotes with the blue boxes. Sorry I am new hear.
  • #165
  • Jan 8, 2012 3:28pm Jan 8, 2012 3:28pm
Quoting shane s
Hey bullbearies , How do I post my trades and highlight quotes with the blue boxes. Sorry I am new hear.
There's a little "quote sign" above the pages number. Use it. you'll see like this
Risk Less Gain More, Trade Less Make More
  • #166
  • Jan 8, 2012 3:32pm Jan 8, 2012 3:32pm
Quoting bkg102665
I would be looking to play shorts on this right now for sure.
Why short sir bkg? the sma 10 suggest otherwise.
If i want to play smaller time frame to H1 or H4 how do i adjust the value of your indicator?

Thank you sir
Risk Less Gain More, Trade Less Make More
  • #167
  • Jan 8, 2012 5:21pm Jan 8, 2012 5:21pm
I am now short nzd/jpy. See chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy010812.gif Size: 27 KB
Please ask questions and share your experiences with us all!
  • #168
  • Jan 8, 2012 5:25pm Jan 8, 2012 5:25pm
Quoting bullbearies
Why short sir bkg? the sma 10 suggest otherwise.
If i want to play smaller time frame to H1 or H4 how do i adjust the value of your indicator?

Thank you sir
My thought here is that the 200sma is close and it has been in a downtrend so I believe the risk reward would be in a short play. Be patient and wait for the short signal. I could be wrong but it looks like shorts would be a bigger reward at this particular time to me.
Please ask questions and share your experiences with us all!
  • #169
  • Jan 8, 2012 5:33pm Jan 8, 2012 5:33pm
Quoting bullbearies
Why short sir bkg? the sma 10 suggest otherwise.
If i want to play smaller time frame to H1 or H4 how do i adjust the value of your indicator?

Thank you sir
You should not have to change the indicator. Just drag it on a smaller timeframe chart w/ a 10sma and it will work the same.
Please ask questions and share your experiences with us all!
  • #170
  • Jan 8, 2012 6:06pm Jan 8, 2012 6:06pm
See chart below
Attached Image (click to enlarge)
Click to Enlarge Name: audusd010812.gif Size: 27 KB
Please ask questions and share your experiences with us all!
  • #171
  • Jan 8, 2012 8:24pm Jan 8, 2012 8:24pm
Quoting bkg102665
You should not have to change the indicator. Just drag it on a smaller timeframe chart w/ a 10sma and it will work the same.
So the SMA 10 indicator is MTF. That's great. Thank you sir
Risk Less Gain More, Trade Less Make More
  • #172
  • Jan 8, 2012 8:26pm Jan 8, 2012 8:26pm
Quoting bkg102665
My thought here is that the 200sma is close and it has been in a downtrend so I believe the risk reward would be in a short play. Be patient and wait for the short signal. I could be wrong but it looks like shorts would be a bigger reward at this particular time to me.

waiting mode on :. it's gonna sell on top!!!. Let's see. Thank you sir!!!
Risk Less Gain More, Trade Less Make More
  • #173
  • Jan 9, 2012 1:26am Jan 9, 2012 1:26am
Quoting dutchsignals
bkg102665 and other who are follow this thread.

This system works well , I trade this for several years, the way you trade is the agrissive way,
You can filter a lot of signals and that saves money.

1. put an ema 100/or 200 in the chart , above 200 only long and vice versa/
2. when price break sma or ema 10. put an limit order at the low of the signalcandle.
use stops and exits with fibonacchi or Atr.

see example where you can filter 2 false signals
Hollands Signaal goede job done.
Laat weten waar je zit.
If you heb meer plse share.We need it.
BKG Thanks for sharing your system.
As I lost my pension due to the Euro Crisis I depend on this toy now to recover.
Keep the good job up!!!!!
  • #174
  • Jan 9, 2012 3:36pm Jan 9, 2012 3:36pm
Hi bkg,

Thanks so much for sharing your system. I trade off the higher timeframes as well and will be hoping to chill with you guys here over the next year!

I was just wondering whether you are planning on closing out the AUD/USD trade or going to hold onto it.

Many thanks for sharing.

JPR.
  • #175
  • Jan 9, 2012 7:45pm Jan 9, 2012 7:45pm
Quoting Jpr
Hi bkg,

Thanks so much for sharing your system. I trade off the higher timeframes as well and will be hoping to chill with you guys here over the next year!

I was just wondering whether you are planning on closing out the AUD/USD trade or going to hold onto it.

Many thanks for sharing.

JPR.
I am still holding my trades at this point only because they did not close above resistance areas I have marked but they are not looking very good right now!!
Please ask questions and share your experiences with us all!
  • #176
  • Jan 11, 2012 12:30pm Jan 11, 2012 12:30pm
Here a trade in the Daily GBP/USD

with entry,stoploss, take profit levels.
Attached Image
  • #177
  • Edited 8:03pm Jan 11, 2012 3:30pm | Edited 8:03pm
Quoting dutchsignals
Here a trade in the Daily GBP/USD

with entry,stoploss, take profit levels.
As you can see I took the same trade TWICE!! I closed one out for over 100 pips where I thought we might find support. The second trade is still running and if we close below the blue line on my gbp/usd chart my next area of previous support is down around 1.48200 so hang on and lets see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: statement.gif Size: 75 KB
Please ask questions and share your experiences with us all!
  • #178
  • Jan 11, 2012 6:19pm Jan 11, 2012 6:19pm
good day to all,
1st...i would like to say thanks the thread owner. it is a very interesting strategy. simple and very effective.

1. Staring at chart once a day.
2. Look at the area of SnR (have to draw it manually)
3. Look if the price play is above or below the SMA (i believe the small sma ie 5 or 10 is good enough, not taking to much data for crossing requirement).
4. take the trades.

enjoy it guys. this strategy is working and its compliment to each other (filtering). SnR and SMA.

again. Thanks thread owner. You Rock!
i would like to become one of your best friend
  • #179
  • Jan 13, 2012 9:43am Jan 13, 2012 9:43am
Here a trade in the CAD/JPY

stoploss- entry- take profit levels.
risk 2% per trade,
take profit 1%, close 50% of postion
trailingstop from breakeven
Attached Image
  • #180
  • Jan 15, 2012 3:25pm Jan 15, 2012 3:25pm
Alright folks lets get ready for another week of good solid trading. Depending on where this opens my gbp/usd trade may get stopped out but it will still be for a few pips profit. Trade well!!
Please ask questions and share your experiences with us all!
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