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Monthly Profit - Daily Trading using SMA

  • #2,461
  • Sep 14, 2016 11:36am Sep 14, 2016 11:36am
Quoting Mathy
{quote} I haven't figured out how to post charts yet. However, if you look at the Daily Chart for AUDCAD, you'll see how the Bollinger Bands are becoming narrower in width and there's not a lot of variation in the size of the candles. Make sure you look at 3 or 4 months of daily data, it's quite obvious. By contrast, if you look at something like AUDUSD, you'll see there are significant waves and the Bollinger Bands are quite wide. If you want a great example of volatility, have a look at NZDJPY, which has a reputation of being a bit of a beast!...
Errr try not to rely so much on sma... i hav loss quite some money these 2weeks .. market is undecided.. try to position urself at lows and highs instead of just moving averages break outs.
  • #2,462
  • Sep 14, 2016 12:13pm Sep 14, 2016 12:13pm
Hello. Why does the word Ignored keep on coming in the comments?
Something wrong with my device?
thank you.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #2,463
  • Sep 14, 2016 1:02pm Sep 14, 2016 1:02pm
Hey danboy2.

Stick to the majors and leave the monors and exotics alone and this system will reward you. Another piece of advise, trade this system exactly as described by b8k and you will be OK, deviate and you will burn your ass/
  • #2,464
  • Sep 14, 2016 1:13pm Sep 14, 2016 1:13pm
Hello to all new traders and everyone following this thread. 
 
First, stop trying to add anything to this "style". If you want to add anything do it on your own time and own platform, test it out for a few months and if you see any serious increase in profitability or weeding out of false signals. Bring it up with the test results so you have an argument to add. Don't just ask a question like you found some magic trick and want a pat on the back for it. Lol
 
Second, stick the rules. A little discretion is needed for this style of trading. Knowing when not to take a trade is just as important as knowing when to take a trade. If you don't know how to interpret price action or don't know anything about S/R or know when a pair is trending or ranging. I suggest you read up on it and practice with this style until you can read the price action well. There is no system or style out here that will compensate your lack of basic knowledge in the markets in these areas.
It's like trying to take an exam for a class you know nothing about. Only study the prep tests and then complain about how you failed because all the answers weren't on the prep test you studied. Trading takes work and to be profitable it takes a lot of work.
 
I suggest you read YTC price action by Lance Beggs Volumes. Two and three. One of my favorite sets.
 
Enough of my rant haha. Many thanks to BK8 for posting this style which is great for its simplicity and profitability. Thanks!!
Gentlemen always play by the rules, if they can't, they change them.
  • #2,465
  • Sep 14, 2016 1:37pm Sep 14, 2016 1:37pm
Quoting Oddbjorg
Hello. Why does the word Ignored keep on coming in the comments? Something wrong with my device? thank you. Oddbj.
Where does it say that?
So many in the Commercial section want to make me rich! :o
  • #2,466
  • Sep 14, 2016 2:31pm Sep 14, 2016 2:31pm
Good afternoon all. Just confirming. I don't see any good setups for the candle close in ninety minutes. I didn't miss anything right?
  • #2,467
  • Sep 14, 2016 2:37pm Sep 14, 2016 2:37pm
Quoting BuffaloPat
Good afternoon all. Just confirming. I don't see any good setups for the candle close in ninety minutes. I didn't miss anything right?
No l can't find any good setup too
  • #2,468
  • Sep 14, 2016 3:02pm Sep 14, 2016 3:02pm
Quoting Bestof27
{quote} No l can't find any good setup too
Me neither...no good setups for the past few days it seems..
i guess we just have to be patient 😀
  • #2,469
  • Sep 14, 2016 3:16pm Sep 14, 2016 3:16pm
Check now .................

C/J ,
E/U
GBP/TRY
GBP/SGD
AUD/CAD
ZAR/JPY

Best of luck Everybody
Any broker, same result
  • #2,470
  • Sep 14, 2016 3:23pm Sep 14, 2016 3:23pm
Second day without a good setup..still waiting..maybe after tomorrows news price will find a path..
Read 1st post , if you don't understand something , then , ask a question
  • #2,471
  • Sep 14, 2016 3:26pm Sep 14, 2016 3:26pm
Quoting mjavedh
Check now ................. C/J , E/U GBP/TRY GBP/SGD AUD/CAD ZAR/JPY Best of luck Everybody
This is AUDCAD, how long have you been in this thread, i hope not for long, otherwise you really have not learnt much.

Attached Image
  • #2,472
  • Sep 14, 2016 3:34pm Sep 14, 2016 3:34pm
Anyone get new setup for today?
I Win, I Lose, It's my Job... And I Love it!
  • #2,473
  • Sep 14, 2016 3:41pm Sep 14, 2016 3:41pm
Quoting FX-Flux
{quote} You have three profitable candles and it is touching the bottom BB band, when are you going to exit?
Do you see something bullish? Please post a chart, maybe another 3 days looks to me before you answer your own question.

Some big AUD news today first, then USD, so if price action is correct, hang in there
It takes a lot for me to IGNORE you, but you can try.
  • #2,474
  • Sep 14, 2016 3:50pm Sep 14, 2016 3:50pm
I dont see today good setup

This week yet only sideways markets , perhaps tomorrow begin moving
  • #2,475
  • Sep 14, 2016 4:01pm Sep 14, 2016 4:01pm
Quoting Erebus
{quote} Do you see something bullish? Please post a chart, maybe another 3 days looks to me before you answer your own question. Some big AUD news today first, then USD, so if price action is correct, hang in there
They're his own rules on post 1....
So many in the Commercial section want to make me rich! :o
  • #2,476
  • Sep 14, 2016 4:05pm Sep 14, 2016 4:05pm
daily closed 5 min ago.
no trades for me today.
  • #2,477
  • Sep 14, 2016 4:06pm Sep 14, 2016 4:06pm
Quoting yonnie
daily closed 5 min ago. no trades for me today.
Opps again... do something yonnie
  • #2,478
  • Sep 14, 2016 4:10pm Sep 14, 2016 4:10pm
Quoting Bk8
{quote} Opps again... do something yonnie
mind your own business
  • #2,479
  • Sep 14, 2016 4:13pm Sep 14, 2016 4:13pm
Quoting FX-Flux
{quote} They're his own rules on post 1....
You're right, of course, but I think the "You may" lines 3, 4, & 5 are merely suggestions and not hard rules

Take Profit/Exit

  1. Take 2 positions of same setup, and close the first setup after taking profit and leave the another setup to run forever
  2. Keep moving SL for second setup as per S&R
  3. You may exit when candle touches/cross BB top/bottom line.
  4. You may exit if you have minimum 3 candles profit as part of 1:3 strategy.
  5. You may exist on break even if setup goes in opposite direction.

It takes a lot for me to IGNORE you, but you can try.
  • #2,480
  • Sep 14, 2016 4:14pm Sep 14, 2016 4:14pm
Quoting Bsmile44
Hello to all new traders and everyone following this thread. First, stop trying to add anything to this "style". If you want to add anything do it on your own time and own platform, test it out for a few months and if you see any serious increase in profitability or weeding out of false signals. Bring it up with the test results so you have an argument to add. Don't just ask a question like you found some magic trick and want a pat on the back for it. Lol Second, stick the rules. A little discretion is needed for this style of trading. Knowing...
take note everybody - exactly my opinion.........

but people cant help themselves - they always want to tinker with everything.

seriously, why not open a seperate thread for those people so they can vent all their "knowledge" and keep this thread clean???
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