Monthly Profit - Daily Trading using SMA

Quoting making_money

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hi Bk8, thanks for sharing your idea with us. just curious, do you consider my examples below as a trade opportunity because the previous candle is in the opposite side of the SMA with the next candle? and what will you do if when you still have long position, then the candle cross down the SMA? close the long and switch it with short? or you take both of them, and wait which one will hit SL? thank you {image}

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Quoting Bk8

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Will close this position {image}

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Quoting ohakaba

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{quote} Not to sound pessimistic but I'll advice you exit your gbpusd buy order,you made a lot of pips and I think today would be for the bears which is the theam of this currency pair (sell) i i jui just sold at 3164 SL 3184 tp 3100 and below

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Quoting yonnie

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hello Bk8, obviously you are not waiting for your moving SL to take you out of a trade. the timing of the exit is of the utmost importance. today you closed out some of your trades; others you kept going. could you briefly explain for every position today why you made the decision to keep them or closed them out? thank you for that. trade today: G/N

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Quoting yonnie

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excellent result getting 800 pips Bk8...... the month of August is usually a quiet month in forex and you can see it in the declining daily ATR accross the board. understood your exits etc., but thought it important to flesh it out a bit for other contestants

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Quoting Bk8

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Will hold it {image}

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Quoting saranga

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Bk8 ur method best late entry ga more gn eurgbp entry today {image}

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Quoting saranga

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hey Bk8 gbbcad entry good setup now........

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