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Monthly Profit - Daily Trading using SMA

  • #261
  • Aug 7, 2016 3:18am Aug 7, 2016 3:18am
Quoting Jakepuia
I think this EU set up is a perfect set up to short.
I agree this will be good short on Monday. Good luck all
  • #262
  • Aug 7, 2016 3:52am Aug 7, 2016 3:52am
E/U did cross the sma last Friday, but if you look at the candle then you`ll see that price was retreating quite a bit from the low of the day, forming a substantial wick.
that means that the momentum was lost.
who knows what happens, but I wont be trading this one.

I`m looking at E/CH and N/U.
  • #263
  • Aug 7, 2016 11:42am Aug 7, 2016 11:42am
Quoting shaan295
Hi BK8, check this out, it could be a nice opportunity, your comments please ... EUR/USD {image}
I agree, this should be a clean setup.
  • #264
  • Aug 7, 2016 11:45am Aug 7, 2016 11:45am
Quoting yonnie
E/U did cross the sma last Friday, but if you look at the candle then you`ll see that price was retreating quite a bit from the low of the day, forming a substantial wick. that means that the momentum was lost. who knows what happens, but I wont be trading this one. I`m looking at E/CH and N/U.
Good analysis yonnie but wick is not that much long also most people prefer to close their positions on friday so I think this setup should be fine.
  • #265
  • Aug 7, 2016 11:47am Aug 7, 2016 11:47am
Quoting empire177
please review my trade again.. My SL and entry are shown in the chart.. Correct me if I'm wrong.. Hope to learn from you guys {image}
My apologies, I was little busy on Friday so I missed your post.
  • #266
  • Edited 12:57pm Aug 7, 2016 12:41pm | Edited 12:57pm
Hey Bk8,

I've been reading through this whole thread now. Very interesting. Will try that strategy too. Thank you very much for sharing!

What do you think about this setup on NZDUSD? Looks like a short opportunity.

I'm using Heikin Ashi, so I hope this doesn't "invalidate" the output? But I don't think so.
Attached Image
  • #267
  • Aug 7, 2016 4:08pm Aug 7, 2016 4:08pm
Quoting mw108
Hey Bk8, I've been reading through this whole thread now. Very interesting. Will try that strategy too. Thank you very much for sharing! What do you think about this setup on NZDUSD? Looks like a short opportunity. I'm using Heikin Ashi, so I hope this doesn't "invalidate" the output? But I don't think so. {image}
NU looks good to me, only negative point is that previous candles are sideways.
  • #268
  • Aug 7, 2016 6:59pm Aug 7, 2016 6:59pm
Quoting Bk8
{quote} NU looks good to me, only negative point is that previous candles are sideways.
Good start
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  • #269
  • Aug 7, 2016 8:56pm Aug 7, 2016 8:56pm
Quoting shaan295
Hi BK8, check this out, it could be a nice opportunity, your comments please ... EUR/USD {image}
I would expect a retracement displayed on H4 and then go short
Humble & Kalcker CLO2 = Covid killer
  • #270
  • Aug 7, 2016 10:06pm Aug 7, 2016 10:06pm
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My trades this week. Sell NU
  • #271
  • Aug 7, 2016 10:40pm Aug 7, 2016 10:40pm
Quoting laikos
{image}My trades this week. Sell NU
Good luck!
  • #272
  • Aug 8, 2016 3:14am Aug 8, 2016 3:14am
Anyone jumped in eur/usd ?
  • #273
  • Aug 8, 2016 6:41am Aug 8, 2016 6:41am
Quoting shaan295
Anyone jumped in eur/usd ?
Yep, looks like BB middle line is not allowing to go down quickly
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  • #274
  • Aug 8, 2016 6:43am Aug 8, 2016 6:43am
Quoting Bk8
{quote} Yep, looks like BB middle line is not allowing to go down quickly {image}
i'm +15pips waiting for breakout ...
  • #275
  • Aug 8, 2016 7:27am Aug 8, 2016 7:27am
Quoting shaan295
{quote} i'm +15pips waiting for breakout ...
I love to monitor but normally I do not exit until new candles open or trigger StopLoss
e.g. GU
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  • #276
  • Aug 8, 2016 7:42am Aug 8, 2016 7:42am
Quoting Bk8
{quote} My apologies, I was little busy on Friday so I missed your post.
Any thoughts regarding my trades? Like the setup and SL set
  • #277
  • Aug 8, 2016 8:03am Aug 8, 2016 8:03am
Quoting shaan295
Anyone jumped in eur/usd ?
Yes, I'm short EURUSD and also took the NZDUSD opportunity.
  • #278
  • Edited 6:38pm Aug 8, 2016 8:35am | Edited 6:38pm
Is there any chance this setup is correct?
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  • #279
  • Aug 8, 2016 8:51am Aug 8, 2016 8:51am
Quoting andrern2000
Is there any chance this is to make the setup? {image}
I think its too late to enter now
  • #280
  • Aug 8, 2016 1:29pm Aug 8, 2016 1:29pm
Quoting Bk8
{quote} NU looks good to me, only negative point is that previous candles are sideways.
Agree. Those of you who got in that trade might have already secured some profits just 4 1/2h after the market opened as the price spiked to 0.70858 and bounced off. I was sleeping at that time and didn't put a TP yet. Since then it is moving slightly upwards but seems to hit resistances at 0.71437.

I'm still in and moved my Stop closer so that I get out in case it breaks through. Lets see what happens.

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