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Monthly Profit - Daily Trading using SMA

  • #2,021
  • Sep 11, 2016 4:00pm Sep 11, 2016 4:00pm
Quoting Bk8
{quote} I love this excitement thats why I am still experimenting something for lower timeframe when I know lower timeframe will never give consistent profit. If you guys are interested , please participate in my H1 thread just for fun, I will try to spend more time this week.
Great will check the other thread
Read 1st post , if you don't understand something , then , ask a question
  • #2,022
  • Sep 11, 2016 4:00pm Sep 11, 2016 4:00pm
Quoting Bk8
{quote} All, Here are todays setups Long - GBP/CAD Short - NZD/CHF , NZD/USD, AUD/CHF, GOLD TP - Postion 1 - TP=SL Position 2 - No TP SL - High/Low of previous candle
New Traders...Just to remind. initially spreads will be very high so please do not takes position right away when market opens today.
  • #2,023
  • Sep 11, 2016 4:05pm Sep 11, 2016 4:05pm
Quoting Bk8
{quote} All, Here are todays setups Long - GBP/CAD Short - NZD/CHF , NZD/USD, AUD/CHF, GOLD TP - Postion 1 - TP=SL Position 2 - No TP SL - High/Low of previous candle
Why not AUDUSD?
  • #2,024
  • Sep 11, 2016 4:06pm Sep 11, 2016 4:06pm
Quoting Bk8
{quote} New Traders...Just to remind. initially spreads will be very high so please do not takes position right away when market opens today.
Thanks for advise 😊
Human beings are members of a whole, In creation of one essence and sol.
  • #2,025
  • Sep 11, 2016 4:07pm Sep 11, 2016 4:07pm
Do you think NZD USD is good for shorting? Check out the supports:

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily2.png Size: 38 KB
  • #2,026
  • Sep 11, 2016 4:09pm Sep 11, 2016 4:09pm
Quoting Ghibli
Ok....Release the kraken ! {image}
hehe take only nzdchf today
  • #2,027
  • Sep 11, 2016 4:11pm Sep 11, 2016 4:11pm
Quoting ficibald
{quote} hehe take only nzdchf today
I also have N/CH..seems to be a nice setup
Read 1st post , if you don't understand something , then , ask a question
  • #2,028
  • Sep 11, 2016 4:14pm Sep 11, 2016 4:14pm
Quoting coralsands
Do you think NZD USD is good for shorting? Check out the supports: {image}
Agree.. little weak setup..
  • #2,029
  • Sep 11, 2016 4:20pm Sep 11, 2016 4:20pm
Quoting kleybenny
{quote} Why not AUDUSD?
1. Long candle
2. Sideways pattern
  • #2,030
  • Sep 11, 2016 4:22pm Sep 11, 2016 4:22pm
Quoting Bk8
{quote} 1. Long candle 2. Sideways pattern
ok, but GBPCAD is more sideways than AUDUSD isnt it?
  • #2,031
  • Sep 11, 2016 4:22pm Sep 11, 2016 4:22pm
Dear bk8,Any comments on NJ?
  • #2,032
  • Sep 11, 2016 4:30pm Sep 11, 2016 4:30pm
Quoting kleybenny
{quote} ok, but GBPCAD is more sideways than AUDUSD isnt it?
Not exactly but like NZDUSD, GBPCAD is also a weak setup. NZDCHF is the only strong setup today.
We trust more on SMA unless there is no sideways... so you can take any position you if believe setup fulfill this rule.
  • #2,033
  • Sep 11, 2016 4:32pm Sep 11, 2016 4:32pm
I took the trades and have also some from last week still open. I am not sure if I should trade Gold, because of its price per point is pretty high (higher loss per trade).It's time to sleep and hope to woke up with even more pips .
  • #2,034
  • Sep 11, 2016 4:33pm Sep 11, 2016 4:33pm
Quoting jasam07
Dear bk8,Any comments on NJ?
Hi jasam07,

NJ has sideways too, so we ignored today...
  • #2,035
  • Sep 11, 2016 4:33pm Sep 11, 2016 4:33pm
Quoting Bk8
{quote} Not exactly but like NZDUSD, GBPCAD is also a weak setup. NZDCHF is the only strong setup today. We trust more on SMA unless there is no sideways... so you can take any position you if believe setup fulfill this rule.

Sell order at .715 for NZDCHF may be a wise option, relies on the pair bouncing however from the rocky friday it endured. Will you be opening market price or setting sell limit at a higher level @BK8?..
Success is going from failure to failure without loss of enthusiasm.
  • #2,036
  • Sep 11, 2016 4:36pm Sep 11, 2016 4:36pm
Quoting Bk8
{quote} Not exactly but like NZDUSD, GBPCAD is also a weak setup. NZDCHF is the only strong setup today. We trust more on SMA unless there is no sideways... so you can take any position you if believe setup fulfill this rule.
OK Thank you mate
  • #2,037
  • Sep 11, 2016 4:37pm Sep 11, 2016 4:37pm
Quoting natthapol.v
I took the trades and have also some from last week still open. I am not sure if I should trade Gold, because of its price per point is pretty high (higher loss per trade).It's time to sleep and hope to woke up with even more pips .
Who is your broker? I never traded Gold or Silver
  • #2,038
  • Sep 11, 2016 4:48pm Sep 11, 2016 4:48pm
Quoting ficibald
{quote} hehe take only nzdchf today
Hi ficibald,
Would you kindly explain why you have chosen nzdchf only?
Thanks,
kkb2k8
  • #2,039
  • Sep 11, 2016 5:13pm Sep 11, 2016 5:13pm
Quoting MichaelSch
{quote} Yes! Trade this with basics from post one and watch results. Results are not in that way you want it, change to another system. Make sure you are in harmony with the trading style you use, and do not take it to emergency room. All systems i know from, have good and bad times. Working on the mental side is the key.
Agree, no strategy can claim 100% chances so lets stick to our rules on post#1 .. S&R is just one way to filter sideways but if you think its too much then just ignore parallel candles and followup SMA, thats it.
  • #2,040
  • Sep 11, 2016 5:37pm Sep 11, 2016 5:37pm
selling gold, there are 3 lower high and one lower low before
Never say no to PIPS
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