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Monthly Profit - Daily Trading using SMA

  • #2,381
  • Sep 13, 2016 2:44pm Sep 13, 2016 2:44pm
Quoting umairsheikh2
{quote} SL is the good lesson and it will produce real trader.
Agree, whatever I learnet so far from losing only.

N/CHF looks temptaing but little late if you have not taken position on Sunday/Monday.
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  • #2,382
  • Sep 13, 2016 3:08pm Sep 13, 2016 3:08pm
BK8 and other top contributors, I have found these setup for today.

EURGBP
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NZDCAD
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USDJPY
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Please let me know guys what do you think?

Regards.
Umee
I Win, I Lose, It's my Job... And I Love it!
  • #2,383
  • Sep 13, 2016 3:11pm Sep 13, 2016 3:11pm
Quoting umairsheikh2
BK8 and other top contributors, I have found these setup for today. EURGBP {image} NZDCAD {image} USDJPY {image} Please let me know guys what do you think? Regards. Umee
Sideway. ...
  • #2,384
  • Sep 13, 2016 3:40pm Sep 13, 2016 3:40pm
Quoting umairsheikh2
BK8 and other top contributors, I have found these setup for today. EURGBP {image} NZDCAD {image} USDJPY {image} Please let me know guys what do you think? Regards. Umee
I confirm sideways on nzdcad and usdjpy
EURGBP looks just a bit better, but I'd consider thursday's Interest Rate announcement and stay out anyway.
  • #2,385
  • Edited 4:05pm Sep 13, 2016 3:50pm | Edited 4:05pm
Any confirm new setup for today?
I Win, I Lose, It's my Job... And I Love it!
  • #2,386
  • Sep 13, 2016 4:09pm Sep 13, 2016 4:09pm
Quoting ErikH
{quote} I confirm sideways on nzdcad and usdjpy EURGBP looks just a bit better, but I'd consider thursday's Interest Rate announcement and stay out anyway.
Please also keep in mind that, NZDCAD has reached its highest high since 2013-2014, so the potential of the next large swing-down is to be expected. Use SMA5 to enter the trade on this pair when possible. I entered yesterday and already made 50 pips from it. This will be the pair that i will let it run for months.
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  • #2,387
  • Sep 13, 2016 4:16pm Sep 13, 2016 4:16pm
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 (+-15) of previous candle
GOOD NEWS -We have all WINNERS, predicted on Sunday
BAD NEWS - Both EURGBP and EURCHF are losers predicted yesterday, E/G hit SL but E/CHF is still fighting
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  • #2,388
  • Sep 13, 2016 4:17pm Sep 13, 2016 4:17pm
Quoting natthapol.v
{quote} Please also keep in mind that, NZDCAD has reached its highest high since 2013-2014, so the potential of the next large swing-down is to be expected. Use SMA5 to enter the trade on this pair when possible. I entered yesterday and already made 50 pips from it. This will be the pair that i will let it run for months. {image} {image}
I may take that one
So many in the Commercial section want to make me rich! :o
  • #2,389
  • Sep 13, 2016 4:18pm Sep 13, 2016 4:18pm
Quoting natthapol.v
{quote} Please also keep in mind that, NZDCAD has reached its highest high since 2013-2014, so the potential of the next large swing-down is to be expected. Use SMA5 to enter the trade on this pair when possible. I entered yesterday and already made 50 pips from it. This will be the pair that i will let it run for months. {image} {image}
Yep. Very true. Part of a different strategy for me

Here's a monthly chart, just to get an idea of the price's level.
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  • #2,390
  • Sep 13, 2016 4:18pm Sep 13, 2016 4:18pm
Quoting natthapol.v
{quote} Please also keep in mind that, NZDCAD has reached its highest high since 2013-2014, so the potential of the next large swing-down is to be expected. Use SMA5 to enter the trade on this pair when possible. I entered yesterday and already made 50 pips from it. This will be the pair that i will let it run for months. {image} {image}
Good to see your results, Thanks for sharing!
  • #2,391
  • Sep 13, 2016 4:24pm Sep 13, 2016 4:24pm
Hi BK8,

What's the best setup for today? thanks.
  • #2,392
  • Sep 13, 2016 4:26pm Sep 13, 2016 4:26pm
All,
Going forward I will will spend max 30 minutes here so request you to respect this thread and help us to run it forever..
Everyone has tons of ideas but if we discuss everything at same time, we won't gain anything..

Lets focus on one thing at a time..if it does not work then move on, simple?

​Purpose of this thread is to share my own experience, if you want to try it, great...if you are not convinced..keep looking for something else.
If you want to share new ideas, please create a new thread..however I appreciate discussion/feedback as long as it aligns to the core discussion.
  • #2,393
  • Sep 13, 2016 4:33pm Sep 13, 2016 4:33pm
daily closed 33 min ago.
no trades for me today.
  • #2,394
  • Sep 13, 2016 4:34pm Sep 13, 2016 4:34pm
Quoting jereajali
{quote} If the candle that breaks SMA is a bull(buy) candle then we look to buy. if the candle that breaks SMA is a bear(sell) candle then we look to sell.
hi jerejali, thanks for the reply, Mean if conditions met, we follow previous day candle direction.

regards
  • #2,395
  • Sep 13, 2016 4:35pm Sep 13, 2016 4:35pm
Quoting yonnie
daily closed 33 min ago. no trades for me today.
Agree... No setup for today. Have fun.

You can try my H1 EA for fun between 5AM - 11 AM EST, if you can not live without forex trading
  • #2,396
  • Sep 13, 2016 4:54pm Sep 13, 2016 4:54pm
Quoting Bk8
{quote} Agree... No setup for today. Have fun. You can try my H1 EA for fun between 5AM - 11 AM EST, if you can not live without forex trading
no thanks, got enough grey hair as it is
  • #2,397
  • Sep 13, 2016 6:19pm Sep 13, 2016 6:19pm
Hello all,

I have been using this system for an month, and give me good pips, Thanks Bk8 and all contributors.

Someone here can tell me why Eur/Gbp is not good idea? i was just waiting EG making a good break the Round Number but now with these last posts maybe i dont.

Thanks.
  • #2,398
  • Sep 13, 2016 6:34pm Sep 13, 2016 6:34pm
Quoting Zirbes
Hello all, I have been using this system for an month, and give me good pips, Thanks Bk8 and all contributors. Someone here can tell me why Eur/Gbp is not good idea? i was just waiting EG making a good break the Round Number but now with these last posts maybe i dont. Thanks.
Others correct me if I am wrong but there is sideways pattern and a long wick...
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  • #2,399
  • Sep 13, 2016 6:54pm Sep 13, 2016 6:54pm
Quoting Zirbes
Hello all, I have been using this system for an month, and give me good pips, Thanks Bk8 and all contributors. Someone here can tell me why Eur/Gbp is not good idea? i was just waiting EG making a good break the Round Number but now with these last posts maybe i dont. Thanks.
E/G is now in the middle of a move up. if you wanted to trade this pair, it should have been on the 7th of this month.
  • #2,400
  • Sep 13, 2016 7:29pm Sep 13, 2016 7:29pm
Quoting DjPriz
{quote} Others correct me if I am wrong but there is sideways pattern and a long wick... {image}
I have both moving averages on the chart, to compare, it crossed up on both of them already, both sma 5,0 and 5,3 are still within trades.

BK8, it is a good idea to put both 5,0 and 5,3 on at the same time, so you can get a instant comparison, looking back when it crossed both on the same day has produced some excellent steam runner trades, maybe something to ponder Just look at the 4th August and 22nd August on this chart where it crossed both
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