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Monthly Profit - Daily Trading using SMA

  • #401
  • Aug 17, 2016 7:40am Aug 17, 2016 7:40am
Examples of a mess in my opinion.
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  • #402
  • Aug 17, 2016 7:41am Aug 17, 2016 7:41am
http://www.forexfactory.com/attachme...1&d=1471436336


I take it you moved your previous SL in this picture?
  • #403
  • Aug 17, 2016 7:44am Aug 17, 2016 7:44am
I will be watching how this one closes today. I am hoping it closes a little lower based on structure to the left. We have fomc news today at 2pm est.
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  • #404
  • Aug 17, 2016 8:55am Aug 17, 2016 8:55am
Would this be a good buy signal, though late to the game?
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  • #405
  • Aug 17, 2016 9:35am Aug 17, 2016 9:35am
Quoting iuforex
Would this be a good buy signal, though late to the game? {image}
Idealy yes but since GBP news was not negative and candle is not moving in desired direction so you may ignore it.
  • #406
  • Aug 17, 2016 9:37am Aug 17, 2016 9:37am
Quoting iuforex
{image} I take it you moved your previous SL in this picture?
Thats correct, I keep moving my stoploss every day.
  • #407
  • Aug 17, 2016 9:39am Aug 17, 2016 9:39am
Quoting calderone
I will be watching how this one closes today. I am hoping it closes a little lower based on structure to the left. We have fomc news today at 2pm est. {image}
Also big news is coming for AUD tonight
  • #408
  • Aug 17, 2016 10:18am Aug 17, 2016 10:18am
Quoting Bk8
{quote} Idealy yes but since GBP news was not negative and candle is not moving in desired direction so you may ignore it.

Are you keeping fundamental tabs on all of the currencies, and basing your entry on PA and fund.
  • #409
  • Aug 17, 2016 10:23am Aug 17, 2016 10:23am
Quoting Bk8
{quote} Also big news is coming for AUD tonight
Thanks, missed that.
  • #410
  • Aug 17, 2016 2:47pm Aug 17, 2016 2:47pm
Looks like a nzdjpy short set up at EOD.
  • #411
  • Aug 17, 2016 2:54pm Aug 17, 2016 2:54pm
Also on audusd, gbpaud.
  • #412
  • Aug 17, 2016 4:31pm Aug 17, 2016 4:31pm
EurNzd
  • #413
  • Edited 4:53pm Aug 17, 2016 4:42pm | Edited 4:53pm
N/J is in consolidation area - no trade for me; A/U large wick - no trade; G/A yes; E/N consolidation - no trade.

watch for red news for AUD later.
  • #414
  • Aug 17, 2016 4:54pm Aug 17, 2016 4:54pm
Yes. This is the discretionary part. It seems to me, Bk8, you did not emphasize so much the thoughts on which ones to enter other than to say "avoid sideways". I like this method as an easy entry and it looks like there is profit opportunity but I know a hundred systems that would be fantastic if we could always "avoid sideways".
I understand your reasoning Yonnie on those pairs. I was considering the same things.

Bk8, how are you generally determining your sideways market?
  • #415
  • Aug 17, 2016 6:03pm Aug 17, 2016 6:03pm
Yonnie, regarding NZDJPY in looking at it further, I think it could go lower. Sellers and buyers rejected the highs and lows, but in the end it closed lower than its open. And closed below the 5 sma.
Im trying trading this from my phone. It's different but lends a certain perspective. The set up is very clean.
  • #416
  • Aug 17, 2016 10:06pm Aug 17, 2016 10:06pm
I just enter sell on Audusd. Is it correct setup?
  • #417
  • Aug 17, 2016 11:27pm Aug 17, 2016 11:27pm
Quoting mikeh3855
Yes. This is the discretionary part. It seems to me, Bk8, you did not emphasize so much the thoughts on which ones to enter other than to say "avoid sideways". I like this method as an easy entry and it looks like there is profit opportunity but I know a hundred systems that would be fantastic if we could always "avoid sideways". I understand your reasoning Yonnie on those pairs. I was considering the same things. Bk8, how are you generally determining your sideways market?
Here is one of the example of sideways, in simple words I look for stack of candles
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  • #418
  • Aug 17, 2016 11:29pm Aug 17, 2016 11:29pm
Quoting doshur
I just enter sell on Audusd. Is it correct setup?
I do not think it wae correct setup since pattern was sideways
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  • #419
  • Aug 17, 2016 11:35pm Aug 17, 2016 11:35pm
Quoting mikeh3855
Yonnie, regarding NZDJPY in looking at it further, I think it could go lower. Sellers and buyers rejected the highs and lows, but in the end it closed lower than its open. And closed below the 5 sma. Im trying trading this from my phone. It's different but lends a certain perspective. The set up is very clean.
Its easy to answer later but trust me I did not get chance to check this thread earlier
NJ has same sideways issues.. in simple words there should not be any parallel candle left to new candle.. kind of triangle shape..
However as you know no setup can be 100% guranteed and any setup can be loser. As long as we are even 1% ahead we can make enough money from forex.
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  • #420
  • Aug 17, 2016 11:35pm Aug 17, 2016 11:35pm
Quoting Bk8
{quote} I do not think it wae correct setup since pattern was sideways {image}
OK thanks. Will just watch my trade.
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