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Monthly Profit - Daily Trading using SMA

  • #1,121
  • Sep 3, 2016 2:06pm Sep 3, 2016 2:06pm
Who else got stopped out on CADCHF?
  • #1,122
  • Sep 3, 2016 2:14pm Sep 3, 2016 2:14pm
Hi all. Thank you for being kind allthough I am new.
Can I ask what you think.
aud us long
Eur aud short
Eur nzd short
And there are
Eur chf short wait and see
Nzd jpy maybe to late
usd cad wait

Don't use your money on what I am doing. I am just learning.
Thank you.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #1,123
  • Sep 3, 2016 2:18pm Sep 3, 2016 2:18pm
Quoting SnoopyAKQJT
Setting up for Sunday night (Labor day eve), as per my understanding: Shorts: EUR/CHF and AUD/CAD: {image} {image}
aud cad ranging
  • #1,124
  • Sep 3, 2016 2:29pm Sep 3, 2016 2:29pm
my open trades
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 03-09-2016 22-26-55.png Size: 48 KB
Click to Enlarge Name: 03-09-2016 22-27-29.png Size: 41 KB
Click to Enlarge Name: nzdusd.png Size: 44 KB
  • #1,125
  • Sep 3, 2016 3:13pm Sep 3, 2016 3:13pm
I have EURGBP +119, NZDJPY +110, EURJPY +102, GBPJPY +329, AUDJPY +76. In late on all of these and all are still open....
  • #1,126
  • Sep 3, 2016 7:09pm Sep 3, 2016 7:09pm
Quoting ranger_lp
I have EURGBP +119, NZDJPY +110, EURJPY +102, GBPJPY +329, AUDJPY +76. In late on all of these and all are still open....
  • #1,127
  • Sep 3, 2016 8:51pm Sep 3, 2016 8:51pm
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.
Hi Yonnie, how about u position A/C and C/CH? my position hit S/L already.
  • #1,128
  • Sep 4, 2016 12:47am Sep 4, 2016 12:47am
Quoting Byooha
{quote} Hi Yonnie, how about u position A/C and C/CH? my position hit S/L already.
yeah, 2 losses - there was red news for CAD, but nothing life-changing - but there you go, better to be on the side line next time around.
in fact didn`t buy G/U and got out of N/U at a small profit because of the red news in USD.
  • #1,129
  • Sep 4, 2016 1:34am Sep 4, 2016 1:34am
Does anyone here use Trailing stop to lock in some profit in case price goes awry?
  • #1,130
  • Sep 4, 2016 3:13am Sep 4, 2016 3:13am
CAD seems to be the big winner from last Friday.
apart from A/C (sideways) and G/C (did not cross SMA) its all go against the other currencies.
Bk8: will you take C/CH, E/C, N/C and U/C?
  • #1,131
  • Edited 4:06am Sep 4, 2016 3:50am | Edited 4:06am
Bk8,

why dont you give an overview of your trade (trades you are holding, trades you are planning to take after candle forms, stop loss and take profit) everyday so that newbies like me can learn and follow closely?
  • #1,132
  • Sep 4, 2016 3:58am Sep 4, 2016 3:58am
Quoting backhere
Bk8, why dont you give an overview of your trade (trades you are holding, trades you are planning to take after candle formes, stop loss and take profit) everyday so that newbies like us can learn and follow closely?
And this is the point, that i never would act like a signal service. People must read and understand the basics and make trades based on it.
I have yesterday complete write down my scalping system and was short before to post it in public, but i closed the field.

If it is not possible to manage a thread, to delete (can we make this like EA?)... etc i waste not my time to say this over and over again, to see my work end up in a disaster.

My point of view.
Perfection is the enemy of good enough!
  • #1,133
  • Sep 4, 2016 4:00am Sep 4, 2016 4:00am
Quoting kingdavid15
Does anyone here use Trailing stop to lock in some profit in case price goes awry?
On occasions I use trailing stop but I think they are a good way to lose gains. You are locking yourself into a system that always sells you out below where the market reached. My main use for them is to lock in part of a trade after my first profit target has been reached and most of my position closed. once this point has been reached a second profit target is really some guesswork as the market is solidly moving in your direction so a trailing stop along with a high but realistic profit target may be a sound move but still limits profits.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h1-easy-forex.png Size: 42 KB
Lets go grab some PIPS
  • #1,134
  • Sep 4, 2016 7:38am Sep 4, 2016 7:38am
Bk8,

Thank you for posting such a simple system to follow. Looking at my charts, this appears to viable with pretty much everything as long as it is moving, even exotics. Based on your rules, looks like there were plenty of opportunities to enter at the end of the day Friday after the poor NFP numbers and the rise in oil prices. I love the idea of a simple, set and forget style of trading so that I don't have to sit in front of my computer all day.
  • #1,135
  • Sep 4, 2016 7:54am Sep 4, 2016 7:54am
Quoting kingdavid15
Does anyone here use Trailing stop to lock in some profit in case price goes awry?
yeah but not too tight. you have to let the winners run, that's what'll give you an edge. SMA 5 alone won't be profitable.
  • #1,136
  • Sep 4, 2016 8:23am Sep 4, 2016 8:23am
Quoting yonnie
CAD seems to be the big winner from last Friday. apart from A/C (sideways) and G/C (did not cross SMA) its all go against the other currencies. Bk8: will you take C/CH, E/C, N/C and U/C?
Yes yonnie, except C/CH, I will take all 3 i.e. E/C, N/C and U/C. C/CH seems 50:50 to me.
  • #1,137
  • Sep 4, 2016 8:34am Sep 4, 2016 8:34am
Quoting Oddbjorg
Hi all. Thank you for being kind allthough I am new. Can I ask what you think. aud us long Eur aud short Eur nzd short And there are Eur chf short wait and see Nzd jpy maybe to late usd cad wait Don't use your money on what I am doing. I am just learning. Thank you. Oddbj.
A/US is late entry
E/NzD is too late
E/AUD is sideways.... if there are no more options we would have thought to take risk
E/CHF looks good
N/JPY is too late
  • #1,138
  • Edited 10:11am Sep 4, 2016 9:19am | Edited 10:11am
Quoting Bk8
{quote} A/US is late entry E/NzD is too late E/AUD is sideways.... if there are no more options we would have thought to take risk E/CHF looks good N/JPY is too late
Thanks for taking the time to me. Does it seem like I am lagging one candle behind you in my supposed trades when I think ec ad nc is early.? Please don't misunderstand
Oddbj
All the best to all of you. But don't follow me. I am a learner.
  • #1,139
  • Sep 4, 2016 11:10am Sep 4, 2016 11:10am
Quoting Bk8
{quote} A/US is late entry E/NzD is too late E/AUD is sideways.... if there are no more options we would have thought to take risk E/CHF looks good N/JPY is too late
Bk8 these r my pairs for next week , what you say ?

AUDCAD
NZDCAD
EURCHF
EURAUD (NOT SURE)
USDCAD
  • #1,140
  • Sep 4, 2016 11:23am Sep 4, 2016 11:23am
Eur/Aud looking quite tasty..what do guys think?
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