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Monthly Profit - Daily Trading using SMA

  • #1,021
  • Sep 1, 2016 1:16pm Sep 1, 2016 1:16pm
Quoting kingdavid15
{quote} Hello Shaan295, I went short around the area shaded red, who else took that trade? But price reversed a great deal...And if some persons didn't take it, Why? Really appreciate the efforts of the good people who keep this thread going strong. Fx Flux, thanks for the explanation. Really helped me a lot. {image}
I lost in that trade 185 pips,but its ok,still in profit ovreall,great system
  • #1,022
  • Sep 1, 2016 1:19pm Sep 1, 2016 1:19pm
Quoting shaan295
{quote} Bk8 can explain u in a better way, but if u ask me abt this trade then i will say I didn't take this short trade, yes it was nice down move last week yes SMA crossed day candle as well, now u would ask me why I didn't take this trade, the reason not taking this trade was BB indicator middle line was so close, i was waiting if 4hour candle close down BB middle line but it didn't happen then today we get long opportunity.... That was my view ... BK8 ur comment please.
I would not take that serious bolinger band midle line,its my opinion
  • #1,023
  • Sep 1, 2016 1:22pm Sep 1, 2016 1:22pm
Quoting FX-Flux
As you can see it still needs work haha fixing it opening multiple trades for the same signal {image}
Hi FX-Flux,
I realise you still have to work on the issue but that it seemed to work in a previous version.
Did you (is it possible) ever run this EA in the backtester?
Grtz
X
  • #1,024
  • Sep 1, 2016 1:41pm Sep 1, 2016 1:41pm
Guys, I lost track ... you guys were working on EA to show candles crossing our friend SMA5 ... Can you share with here?

Thanks!!
  • #1,025
  • Sep 1, 2016 1:56pm Sep 1, 2016 1:56pm
EURUSD seems poterntial trade long,only near major s/r zone,i mark it with red line price retraced many times of this zone in the past
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  • #1,026
  • Sep 1, 2016 2:21pm Sep 1, 2016 2:21pm
Hello Bk8,

Just retrieved this picture where u talked about the value of SL, but in a case like this after SL is hit, do you go long next...
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  • #1,027
  • Sep 1, 2016 2:25pm Sep 1, 2016 2:25pm
Quoting ficibald
EURUSD seems poterntial trade long,only near major s/r zone,i mark it with red line price retraced many times of this zone in the past {image}
Be carefull we could have much volatility on US pairs tomorow...NFP release. ...
Figures could be better than forecasted, so going long on EURUSD...
  • #1,028
  • Sep 1, 2016 2:30pm Sep 1, 2016 2:30pm
Quoting Bestof27
{quote} Be carefull we could have much volatility on US pairs tomorow...NFP release. ... Figures could be better than forecasted, so going long on EURUSD...
Agreed, take trades tonight with extreme caution if taking any at all. All current trades make sure they are locked in or BE at minimum if they are negative, re evaluate the situation and make an informed decision to shut down the trade and cut your losses or try and ride it out.

Most fundamentals I have seen about point to USD strength on good news tomorrow, but remember, nothing is every certain.
  • #1,029
  • Sep 1, 2016 2:51pm Sep 1, 2016 2:51pm
I'm long on EUR/USD. Perhaps SMA200 will give support on the downside. The pair ist rather stuck in a range and not really going anywhere lately, but RRR seems acceptable.
  • #1,030
  • Sep 1, 2016 2:54pm Sep 1, 2016 2:54pm
Quoting Xman43
{quote} Hi FX-Flux, I realise you still have to work on the issue but that it seemed to work in a previous version. Did you (is it possible) ever run this EA in the backtester? Grtz X
So the previous version worked for only the symbol on the chart you attached it to and this new version trades all symbols with low spread. The new version kinda works. The previous version is unchanged
So many in the Commercial section want to make me rich! :o
  • #1,031
  • Sep 1, 2016 4:08pm Sep 1, 2016 4:08pm
I'm in with USD/CHF and AUD/USD..there are some more opportunities but I am stick only with this two..you can check NZD/USD and EUR/USD . but like other guys said - be aware of tomorrow's news
Read 1st post , if you don't understand something , then , ask a question
  • #1,032
  • Sep 1, 2016 4:33pm Sep 1, 2016 4:33pm
daily candle closed 33 min ago.

buy A/C - sell C/CH
too many choices to sell USD, so I match the two strongest currencies, GBP and NZD.
buy G/U and N/U.
  • #1,033
  • Sep 1, 2016 4:36pm Sep 1, 2016 4:36pm
Quoting yonnie
daily candle closed 33 min ago. buy A/C - sell C/CH too many choices to sell USD, so I match the two strongest currencies, GBP and NZD. buy G/U and N/U.
I made the same trades plus bought eu
  • #1,034
  • Sep 1, 2016 4:42pm Sep 1, 2016 4:42pm
Quoting kingdavid15
Hello Bk8, Just retrieved this picture where u talked about the value of SL, but in a case like this after SL is hit, do you go long next... {image}
You should have exit on breakeven... now you do not havw choice ao better ro wait for SL.. you may be lucky and next candle can go in your favor.

I have started excluding these setups for peace of mind.
  • #1,035
  • Sep 1, 2016 4:47pm Sep 1, 2016 4:47pm
Just FYI - Earned 430 Pips this week

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  • #1,036
  • Sep 1, 2016 5:51pm Sep 1, 2016 5:51pm
Do we close GBPUSD now that it has touched the upper BB?
  • #1,037
  • Sep 1, 2016 7:03pm Sep 1, 2016 7:03pm
Quoting shaan295
{quote} well u can't go long , u have to wait for next day candle ...
Hello Shaun24.
Yes, you are right. This was not according the system. Thank you for correcting me.
And now it looks sideways doesn't it?
Oddbj.
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All the best to all of you. But don't follow me. I am a learner.
  • #1,038
  • Sep 1, 2016 7:10pm Sep 1, 2016 7:10pm
Hi Guys,

Been watching the thread from the start. I was wondering if anyone currently using the strategy has a TE they can link up?

Of even just a trade long to have a look at some past trades?

Cheers
  • #1,039
  • Sep 1, 2016 7:15pm Sep 1, 2016 7:15pm
Ok so I am new like others. SO MAYBE CAN SOMEBODY JUST SHOW ON PICTURES WHATS EXATCLY IS SIDEWAYS???
There are much who don't understand English very well like me.

Thank YOU
  • #1,040
  • Sep 1, 2016 7:51pm Sep 1, 2016 7:51pm
Quoting Sandeens22
Ok so I am new like others. SO MAYBE CAN SOMEBODY JUST SHOW ON PICTURES WHATS EXATCLY IS SIDEWAYS??? There are much who don't understand English very well like me. Thank YOU
Sideways is just defined as no real price direction either up or down.

Below example

Attached Image


I have also noticed that the bands will come in really close when in a sideways market.
How do you know your heading into a sideways market? Well I think if anyone can answer that, they have officially won forex trading.
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