Attachments: Daily Chart w/ 10sma

Daily Chart w/ 10sma

#801
Mar 6, 2012 7:21am Mar 6, 2012 7:21am

bkg102665
Joined Jun 2008 | Status: Trader | 1,318 Posts

I have locked in profit at +5 and will let this one run down to the 200sma hopefully.

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Please ask questions and share your experiences with us all!

#802
Mar 6, 2012 7:34am Mar 6, 2012 7:34am

miike
| Joined Aug 2007 | Status: Trader | 118 Posts

Hi All,

I'm amazed at how well everyone trades are going this week.

A big well done to everyone's analysis, persistence and willingness to share all their efforts with BKG's strategy.

I've analysed my charts for my trades and have now the following:

1.a NZDJPY, SELL 66.90, S/L 66.80, T/P 64.09, +92 pips
1.b NZDJPY, SELL 66.12, S/L 66.80, T/P 64.09, +14 pips
2. USDCAD, BUY 0.9954, S/L 0.9819, T/P 1.0045, +48 pips

Cheers,
Miike

#803
Mar 6, 2012 8:14am Mar 6, 2012 8:14am

cmmichaels
| Joined Jan 2012 | Status: Trader | 49 Posts

its just a good news day I just hit +398 pips on my AUD, NZD and CAD

#804
Mar 6, 2012 8:16am Mar 6, 2012 8:16am

cmmichaels
| Joined Jan 2012 | Status: Trader | 49 Posts

Can I ask where most people put their stops on this strat. at the moment mine are far too large I go above/below the daily bar or recent swing?

#805
Mar 6, 2012 8:29am Mar 6, 2012 8:29am

Olu
Joined Jun 2009 | Status: Trend Trader | 6,271 Posts | Online Now

Quoting cmmichaels

Disliked

Can I ask where most people put their stops on this strat. at the moment mine are far too large I go above/below the daily bar or recent swing?

Ignored

2 places for mine

2 pips behind the offending candle (at least initially)
behind any support /resistance nearby

Olu

If you think you can or cannot do it you are correct

#806
Mar 6, 2012 8:34am Mar 6, 2012 8:34am

miike
| Joined Aug 2007 | Status: Trader | 118 Posts

Hi Guys,

Looks like there is quite some resistance to be tested for the USDCAD trade coming up shortly.

1. Down trend resistance at around 1.0063
2. 200 SMA resistance at 1.0044
3. Resistance line at around 1.0049

I've moved my TP to just below 200SMA at 1.0040. Don't have time to monitor...sleep time!

Night all!

Cheers,
Miike

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#807
Mar 6, 2012 8:37am Mar 6, 2012 8:37am

miike
| Joined Aug 2007 | Status: Trader | 118 Posts

Quoting Olu

Disliked

2 places for mine

2 pips behind the offending candle (at least initially)
behind any support /resistance nearby

Olu

Ignored

I use S/R lines and trend lines as well.

I also use ATR(14) to monitor the volatility then decide to either use the S/R level or 2xATR, depending on the trade.

I do also move my stops in accordance with BKG's strategy, of BE+Spread when up 60-100 pips, depending on volatility and the trade.

Cheers,
Miike

#808
Mar 6, 2012 10:10am Mar 6, 2012 10:10am

Chicajudy
| Joined Jan 2010 | Status: Trader | 20 Posts

Yes, indeed, the trend is your very best friend using BKGs Day Chart w/10 SMA system. THANK YOU BKG!

How do I load and submit a chart on this platform? I entered AUD/JPY short at 86.65; it's now 85.26 bid. Double WOW!

Congratulations on everyone's success this week.

Judy

#809
Mar 6, 2012 10:44am Mar 6, 2012 10:44am

tomspin
| Joined Dec 2011 | Status: Trader | 2,927 Posts

Quoting Chicajudy

Disliked

Yes, indeed, the trend is your very best friend using BKGs Day Chart w/10 SMA system. THANK YOU BKG!

How do I load and submit a chart on this platform? I entered AUD/JPY short at 86.65; it's now 85.26 bid. Double WOW!

Congratulations on everyone's success this week.

Judy

Ignored

Had the same problem

if you use "insert image" you will have to upload your pic online somewhere like rapidshare - skip it. Click "attachments" and upload directly from your pc. However if you decided to preview your post, picture will not be visible
Hope I helped

swing it!

#810
Mar 6, 2012 2:31pm Mar 6, 2012 2:31pm

Erebus
Joined Jul 2011 | Status: Gold Again | 10,559 Posts

Quoting Chicajudy

Disliked

Yes, indeed, the trend is your very best friend using BKGs Day Chart w/10 SMA system. THANK YOU BKG!

How do I load and submit a chart on this platform? I entered AUD/JPY short at 86.65; it's now 85.26 bid. Double WOW!

Congratulations on everyone's success this week.

Judy

Ignored

Scroll down to bottom, click on User Guide

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It takes a lot for me to IGNORE you, but you can try.

#811
Mar 6, 2012 4:01pm Mar 6, 2012 4:01pm

jmpforex
| Joined Jan 2012 | Status: Trader | 29 Posts

A lot of the majors have crossed the 10ma, anyone stepping in with live position(s)?

#812
Mar 6, 2012 4:23pm Mar 6, 2012 4:23pm

tomspin
| Joined Dec 2011 | Status: Trader | 2,927 Posts

Hello everybody great day on the market still holding about 8 positions
my pairs for today are:

Buy EUR/AUD
Riding this train since 1,2314 nice set up coming

Sell AUD/CHF
Crossed res at 0,9705 almost under MA and I see a TP at 0,9558

Sell NZD/CHF
Very nice set up just under res and MA

Good luck

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swing it!

#813
Mar 6, 2012 5:18pm Mar 6, 2012 5:18pm

sniperfxmy
| Joined Dec 2011 | Status: Trader | 224 Posts

Quoting Chicajudy

Disliked

How do I load and submit a chart on this platform?

Judy

Ignored

hope below helps
> click attachments
> click choose file (to select your images)
> click upload (to load your images)
> click close the window (when loading done)

cheers

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#814
Mar 6, 2012 6:57pm Mar 6, 2012 6:57pm

don555
| Joined Apr 2010 | Status: Trader | 383 Posts

Quoting tomspin

Disliked

Hello everybody great day on the market still holding about 8 positions
my pairs for today are:

Buy EUR/AUD
Riding this train since 1,2314 nice set up coming

Sell AUD/CHF
Crossed res at 0,9705 almost under MA and I see a TP at 0,9558

Sell NZD/CHF
Very nice set up just under res and MA

Good luck

Ignored

Are the aud/chf and the nzd/chf correlated

#815
Mar 6, 2012 9:37pm Mar 6, 2012 9:37pm

Erebus
Joined Jul 2011 | Status: Gold Again | 10,559 Posts

Quoting don555

Disliked

Are the aud/chf and the nzd/chf correlated

Ignored

You trade the NZD-CHF?

You must know something about Forex then?

http://lmgtfy.com/?q=Are+the+aud%2Fc...correlated&l=1

It takes a lot for me to IGNORE you, but you can try.

#816
Mar 7, 2012 1:47am Mar 7, 2012 1:47am

miike
| Joined Aug 2007 | Status: Trader | 118 Posts

Hi Guys,

I'm only open in the NZDJPY trade, currently stuck in the retracement.

Spotted the USDJPY signal earlier today, didn't jump on it however considering the NZDJPY retracement.

Looks like a good size of pips opportunity.

Any get onto this one?

Screenshot attached.

Cheers,
Miike

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#817
Mar 7, 2012 2:55am Mar 7, 2012 2:55am

tomspin
| Joined Dec 2011 | Status: Trader | 2,927 Posts

Quoting don555

Disliked

Are the aud/chf and the nzd/chf correlated

Ignored

Hey Don

http://www.forexticket.us/en/tools/01-01-correlation

Check the other pairs. This tool is pretty good.
Some traders make their own spreadsheets in exel to calculate corelation but why try harder when you have such a nice online service.

Correlation is huge between these two, usually move in the same direction but today as I look at my charts NZD/CHF heading north and AUD/CHF is a little bit confused.

swing it!