Daily Chart w/ 10sma | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

10sma on Weekly Chart System 40 replies

Trading with a 10SMA 4 replies

What is the difference between an "interday" chart and "intraday" chart? 2 replies

1 bar in 1H chart = how many bar in 5min chart? 3 replies

gbpjpy tick chart difference with 5m chart 0 replies

Attachments: Daily Chart w/ 10sma
Exit Attachments

Daily Chart w/ 10sma

  • #361
  • Edited Feb 12, 2012 1:16am Feb 11, 2012 3:57am | Edited Feb 12, 2012 1:16am
Those pairs will gray back ground indicate daily alert.

Pick the best pair...

Attached Image (click to enlarge)
Click to Enlarge Name: 120212_10sma_daily_alert.png Size: 138 KB
  • #362
  • Feb 11, 2012 5:25pm Feb 11, 2012 5:25pm
"Those pairs will bitch back ground indicate daily alert.

Pick the best pair..."


what the heck does this mean?
  • #363
  • Feb 12, 2012 9:27am Feb 12, 2012 9:27am
Have anyone know or been able to generate an EA for this?

I am keen on the stats if the method is back-tested against historical trade.
  • #364
  • Feb 12, 2012 11:01am Feb 12, 2012 11:01am
Quoting sher
Those pairs with gray back ground indicate daily alert.

Pick the best pair...

Attachment
-----------------------------------------------------------------------

Sincere thanks for giving us all a great head-start.

Will go through the short list one more time at the close of the Sunday Daily candle and place the trades on pairs showing maximum potential.

Really appreciate your sharing the analysis.
  • #365
  • Edited Feb 13, 2012 8:36am Feb 12, 2012 11:09am | Edited Feb 13, 2012 8:36am
Hi,

From the snapshot, seems like GBP is going down.
From the graphy, price indicator touches 200 MAm and dropped

however alot analysis mentioned next week GBP very likely to touch 1.58.

Any comment ?
Attached Image (click to enlarge)
Click to Enlarge Name: New Picture (1).JPG Size: 56 KB
  • #366
  • Feb 12, 2012 4:33pm Feb 12, 2012 4:33pm
Quoting tuteee
Hi,

From the snapshot, seems like GBP is going down.
however alot analysis mentioned next week GBP very likely to touch 1.58.

Any comment ?
interesting!
care to share your sources to see what are the factors pushing to 1.58?

btw most pairs were opened in gap!

happy trading.
  • #367
  • Feb 13, 2012 9:06am Feb 13, 2012 9:06am
Quoting sniperfxmy
interesting!
care to share your sources to see what are the factors pushing to 1.58?

btw most pairs were opened in gap!

happy trading.
Check this
http://www.fxstreet.com/technical/cu...d&time=2012-41
  • #368
  • Feb 13, 2012 9:22am Feb 13, 2012 9:22am
I am new to this thread, but I took the short on GBP.
Friday closed below the 10 SMA and then retraced a bit. My entry on the 15 min chart 8 over 21 crossover. Now below the 55 SMA on 15.

Help me out if I'm off track.
THX
  • #369
  • Feb 13, 2012 9:25am Feb 13, 2012 9:25am
Here's my charts.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (15 Min) 2_13_2012.jpg Size: 44 KB
Attached Image
  • #370
  • Feb 13, 2012 9:54am Feb 13, 2012 9:54am
Attached Image (click to enlarge)
Click to Enlarge Name: 120212_au_sr.png Size: 79 KB
  • #371
  • Feb 13, 2012 11:36am Feb 13, 2012 11:36am
Quoting tuteee
Check this
http://www.fxstreet.com/technical/cu...d&time=2012-41
wow... (thx thou)

well... i would i stick to a simple trading plan like bkg to avoid confusion!
my 2 cents
  • #372
  • Feb 13, 2012 10:29pm Feb 13, 2012 10:29pm
sell on eu daily ?
  • #373
  • Feb 13, 2012 11:53pm Feb 13, 2012 11:53pm
Took these 5 trades last week.
Entered after price close above/below 10SMA.
But all in negative pips now.

Charts attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trade2.png Size: 43 KB
Click to Enlarge Name: Trade3.png Size: 41 KB
Click to Enlarge Name: Trade4.png Size: 47 KB
Click to Enlarge Name: Trade5.png Size: 42 KB
Click to Enlarge Name: Trade1.png Size: 48 KB
  • #374
  • Feb 14, 2012 12:52am Feb 14, 2012 12:52am
Hi Guys,

Made a trade yesterday with the close of the GBPUSD daily.

Reasoning:
- Bounce off resistance at around 1.59276
- Resistance and bounce off the 200 sma
- Shorting below the 200 sma
- Closure below the 10 sma
- Next support level approx 1.54410

currently:
- price is moving towards support.
- have moved the SL to +8.3 (covering spread)

screenshot attached.

anyone else on this one?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 22 KB
  • #375
  • Feb 14, 2012 2:42am Feb 14, 2012 2:42am
Based on bkg rules, after the breakout of 10sma on the closed of day, wait for retrace.

AUD has a good example.

Attached Image (click to enlarge)
Click to Enlarge Name: 120214_au_sr.png Size: 53 KB
  • #376
  • Feb 14, 2012 7:21am Feb 14, 2012 7:21am
Quoting miike
Hi Guys,

Made a trade yesterday with the close of the GBPUSD daily.



anyone else on this one?
Yes, Mike, I'm in GBP short.

Nice.
  • #377
  • Feb 14, 2012 10:04am Feb 14, 2012 10:04am
Quoting bimm
Took these 5 trades last week.
Entered after price close above/below 10SMA.
But all in negative pips now.

Charts attached.

What would be in a persons best interests to take only 1 trade and let it play out or to take 5 trades like bimm and see them all go into negative and just sweat it out and hope for the best.
All views would be appreciated.
  • #378
  • Feb 14, 2012 10:27am Feb 14, 2012 10:27am
Quoting don555
What would be in a persons best interests to take only 1 trade and let it play out or to take 5 trades like bimm and see them all go into negative and just sweat it out and hope for the best.
All views would be appreciated.
Sometimes I am not certain that BKG's rules are being followed as he stated. Most folk refer to the cross of the sma but few refer to support.
BKG said - take longs when price is at support and then closes above the 10smatake shorts when price is at resistance level and then closes below the 10sma

Hope this helps
  • #379
  • Feb 14, 2012 10:49am Feb 14, 2012 10:49am
heath it certainly helps it is easy to forget the rules when other posters just dont seem to be following them .
  • #380
  • Feb 14, 2012 1:49pm Feb 14, 2012 1:49pm
Hello All

This is my first post on this system and now following the system rule I enter short on EUR/USD @ 1.3137. My problem is how to put the SL. Now I put 100pips away from my enter price. Is ok?

Thanks

Best Regards
Danutz
Enter Signature
1 trader viewing now