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Attachments: 20 & 40 SMMA Daily Crossover
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20 & 40 SMMA Daily Crossover

  • #1
  • First Post: Edited Feb 14, 2012 3:43pm Feb 13, 2012 4:09pm | Edited Feb 14, 2012 3:43pm
I trade using a 20 and 40 day SSMA on a daily chart. I look for bounces off the ma's and the direction of the trend to enter my trades. I use support and resistance levels to determine my exits.

If you'll like to see my past trades please visit the website in my profile. I will being posting some of my trades in this thread...

Please note that my trades are not geared towards the day trader type of trader. Although I have some trades that have been executed in a matter of hours this is not the typical result. My trades are more geared towards the type of trade that understands the volatility of the FX markets and have to stomach to handle it. All trades are meant to say open anyways from several hours up to a week.

Good Luck...
  • #2
  • Feb 13, 2012 4:12pm Feb 13, 2012 4:12pm
new trade for February 13,2012

long on AUD/CHF @ .9832 with a target @ .9879. Stop in @ .9700.

Bullish engulfing candle and bounce off support.

http://www.ombletrader.com/archive/feb2012/audchf.jpg
  • #3
  • Feb 13, 2012 11:09pm Feb 13, 2012 11:09pm
So far so good. I like your charts. and your website. Looks like you have a sound system in place.

I look forward to following your journal..

Happy Trading

Jeremy
"More important than the quest for certainty is the quest for clarity"
  • #4
  • Feb 14, 2012 3:15am Feb 14, 2012 3:15am
Quoting JeremyMoore
So far so good. I like your charts. and your website. Looks like you have a sound system in place.

I look forward to following your journal..

Happy Trading

Jeremy
Thanks a lot Jeremy...I look forward to getting everyone input so we all can be profitable in the end.
  • #5
  • Edited Feb 15, 2012 3:05am Feb 14, 2012 3:15pm | Edited Feb 15, 2012 3:05am
new trade for February 14,2012

long on CAD/CHF @ 0.9204 with a target @ 0.9242 Stop in @ .9100.

2nd Bullish candle and bounce off support, and break in a short term down trend..

http://ombletrader.com/archive/feb2012/cadchf.jpy.jpg

good luck...

on a side note my short on GBP/CAD that I enter last Wednesday (2/8/2012) finally closed today for a 50+ pip gain.

happy trading and good luck....
  • #6
  • Feb 14, 2012 5:28pm Feb 14, 2012 5:28pm
Congrats ombletrader on the start of your new thread!

What is the time your daily bars open in GMT or EST? The attached is off my OANDA MT4, which renews daily bars at 00 GMT or 19 EST and as you can see the bars look different, hence my question. As you know brokers' server location or time are not universal.

My chart has three SMA's, red (10), yellow (20) and green (40). I am interested in how they look in your chart - perhaps you can zoom out your chart to show 20 & 40 SMA's.

Many green pips!

Akira
Attached Image (click to enlarge)
Click to Enlarge Name: Noname 2012_02_14_2.png Size: 18 KB
  • #7
  • Feb 14, 2012 7:09pm Feb 14, 2012 7:09pm
Quoting RisingSun
Congrats ombletrader on the start of your new thread!

What is the time your daily bars open in GMT or EST? The attached is off my OANDA MT4, which renews daily bars at 00 GMT or 19 EST and as you can see the bars look different, hence my question. As you know brokers' server location or time are not universal.

My chart has three SMA's, red (10), yellow (20) and green (40). I am interested in how they look in your chart - perhaps you can zoom out your chart to show 20 & 40 SMA's.

Many green pips!

Akira
thanks alot akira.

the time frame I use are daily charts at the 17 EST market close. I realize that a lot of other software use 19 or 20 est to make their daily close. But I have been using this time frame for some time now. Plus there is not a lot of action been 17-19 est after the U.S. markets have closed.

I have attached a zoomed out version of the chart...remember that I use Smoothed Moving Average which is a cross between SMA and EMA.

http://ombletrader.com/archive/feb2012/cadchf2.jpg

again thanks...
  • #8
  • Feb 14, 2012 7:32pm Feb 14, 2012 7:32pm
Thanks for your input.

Quoting ombletrader
thanks alot akira.

the time frame I use are daily charts at the 17 EST market close. .. .. Plus there is not a lot of action been 17-19 est after the U.S. markets have closed.

Thanks, that makes sense.

I have attached a zoomed out version of the chart...remember that I use Smoothed Moving Average which is a cross between SMA and EMA.

Oh I see. How is your set up related to the 20 and 40 smoothed MA's?


again thanks...
  • #9
  • Feb 15, 2012 3:49pm Feb 15, 2012 3:49pm
Hi guys...

My longs on AUD/CHF and CAD/CHF have both meet their targets, for a total of 87 pips.

I have enter a new long position in USD/DKK @ 5.6880 with a target @ 5.7020 for a pip gain of 140 and a stop @ 5.6000 .

http://www.ombletrader.com/archive/feb2012/usddkk.jpg


Good Luck and happy trading.
  • #10
  • Edited Feb 16, 2012 3:02pm Feb 15, 2012 8:26pm | Edited Feb 16, 2012 3:02pm
target meet on USD/DKK...pip count for the week 228....

If I don't post any trades tomorrow, have a great weekend and an extra long weekend to those in the US. See you on Tuesday.
  • #11
  • Feb 21, 2012 3:28pm Feb 21, 2012 3:28pm
Hey guys just open a new trader on CHF/SEK...

short at 7.2910 with a target at 7.2710...stop @ 7.3900 I know the stop is pretty huge but this pair can be very volatile and no use getting stop out when there is $$ to be made at the end.. good luck...

http://www.ombletrader.com/archive/feb2012/chfsek2.jpg
  • #12
  • Last Post: Mar 1, 2012 4:19pm Mar 1, 2012 4:19pm
Hey guys...sorry i've been out for the past week. Just been busy with the day job. Any who back now and time to get our trades on.

Long position in AUD/CAD @ 1.0663 w/target @ 1.0683... good luck...

http://www.ombletrader.com/archive/mar2012/audcad.jpg
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