Monthly Profit - Daily Trading using SMA | Page 133 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #2,641
  • Sep 15, 2016 9:47pm Sep 15, 2016 9:47pm
Take these trades this morning..
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Jakepuia
  • #2,642
  • Sep 15, 2016 10:04pm Sep 15, 2016 10:04pm
first of all, thank u Bk8 for sharing this simple and good method..
please give me some enlightment here, why gbpaud is not a sideways? i open a position though, following ur suggestion..
and why dont you think eur aud is a good setup?

many thanks before..
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  • #2,643
  • Sep 15, 2016 10:12pm Sep 15, 2016 10:12pm
Quoting notreally
I went long nzdusd and short gbpnzd.
How big is your SL?
  • #2,644
  • Sep 15, 2016 10:24pm Sep 15, 2016 10:24pm
Quoting Trendtradr83
{quote} Good trades. While both GBPNZD and GBPAUD shows signal, GBPNZD is a higher probability trade
You use SMA 5 shift 3?
  • #2,645
  • Sep 15, 2016 10:32pm Sep 15, 2016 10:32pm
Quoting chiche
{quote} How big is your SL?
All,

Please think about traders like @chiche who just joined but totally lost due to our directionless discussion.
Lets try to maintain this thread clean, easy to follow and aligned to our core subject.

Its better to have few posts meaningful rather than 100's of posts due to unnecessary discussion.
Going forward if you have suggestion please PM me or other top contributors.
Lets focus on our setups and feedback only, thats it.

I will reach out to FF admin and request them to clean some unwanted posts.

Thank you for your coperation!
  • #2,646
  • Sep 15, 2016 10:34pm Sep 15, 2016 10:34pm
Quoting chiche
{quote} You use SMA 5 shift 3?
@chiche - Please read just post#1 and you are good to use this strategy.
  • #2,647
  • Sep 15, 2016 10:45pm Sep 15, 2016 10:45pm
Quoting deankenny21
{quote} Not at all, I would be more suspicious if your spreads are not widened at that time, would indicate a MM (market maker) My live accounts are with Pepperstone and VantageFX, on vantage my spread on GBPAUD was 10 also at the time, and vantage are one of the most regulated trusted brokers in forex, along with pepperstone.
I believe the pair was A/U so 13 pips is way too much for that pair. Should be more 3 or 4 pips at most
  • #2,648
  • Sep 15, 2016 11:08pm Sep 15, 2016 11:08pm
Hello bk8,

Thanks for sharing your strategy here. For a newbie like me, I find your strategy easy to follow and use.
I have two questions:
1. I am wondering why is E/A not recommended to sell? It has already reached the upper BB and the new candle has fallen below the SMA line. (although it's looking like a doji now) Is it because the previous candle did not fulfil your rule of passing the SMA line as it just kissed it?
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2. And why is N/U recommended to buy? N/U seems sideway to me from the past 4 candles on the chart.
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I do personally agree with E/N to sell and A/U to buy.
  • #2,649
  • Edited 11:25pm Sep 15, 2016 11:14pm | Edited 11:25pm
Quoting Bk8
{quote} All, Please think about traders like @chiche who just joined but totally lost due to

= NOT EVEN BOTHERING TO READ POST 1.


I will reach out to FF admin and request them to clean some unwanted posts. Thank you for your coperation!
so you`re getting rid of all my posts
  • #2,650
  • Sep 15, 2016 11:33pm Sep 15, 2016 11:33pm
@ Beth/crimson

Bk8 explained his views on E/A and G/A in posts 2605 and 2620
  • #2,651
  • Sep 15, 2016 11:40pm Sep 15, 2016 11:40pm
Quoting yonnie
@ Beth/crimson Bk8 explained his views on E/A and G/A in posts 2605 and 2620
yes, i have read those posts.. but i still don't understand..
so in GA , it is not sideways?
in E/A, is it okay because it kiss the MA, but not cross it? and what does it mean "BB upper band is true for both though" ?
  • #2,652
  • Sep 15, 2016 11:42pm Sep 15, 2016 11:42pm
@ yonnie

Thanks yonnie! I missed post #2620 on the EA clarification. Any idea about N/U?
  • #2,653
  • Sep 16, 2016 12:00am Sep 16, 2016 12:00am
Quoting Bk8
{quote} @chiche - Please read just post#1 and you are good to use this strategy.
Thanks Bk8, I will...
  • #2,654
  • Sep 16, 2016 12:18am Sep 16, 2016 12:18am
Quoting yonnie
{quote} so you`re getting rid of all my posts
Ha ha... how come you are backbone of this thread and my lucky charm
  • #2,655
  • Sep 16, 2016 12:37am Sep 16, 2016 12:37am
bk8 what's think this pair i think good setup
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  • #2,656
  • Sep 16, 2016 1:30am Sep 16, 2016 1:30am
Quoting Beth25
first of all, thank u Bk8 for sharing this simple and good method.. please give me some enlightment here, why gbpaud is not a sideways? i open a position though, following ur suggestion.. and why dont you think eur aud is a good setup? many thanks before.. {image} {image}
@ 9:00am GMT+1 EUR Italian Trade Balance 3.67B 4.66B will influence GBP to gain a little strength which will increase its buying rate for just little period of time and later today starting from 1:30 PM GMT+1 the US data will be out which will drag the power of gbp down on charts.
  • #2,657
  • Sep 16, 2016 1:49am Sep 16, 2016 1:49am
Quoting Jakepuia
Take these trades this morning.. {image}
Same hope these work out
So many in the Commercial section want to make me rich! :o
  • #2,658
  • Sep 16, 2016 1:51am Sep 16, 2016 1:51am
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Opened positions
I Will Never Give Up
  • #2,659
  • Sep 16, 2016 2:01am Sep 16, 2016 2:01am
Quoting Gilliam
a/u n/u e/n g/a e/a I there a setting in mt4 to open a chart on Daily by default? Currently it opens a new chart on H1 by default ... Thanks in advance
You mean like the pictures that I posted earlier? I will send you something in the post
So many in the Commercial section want to make me rich! :o
  • #2,660
  • Sep 16, 2016 2:04am Sep 16, 2016 2:04am
Quoting Bk8
{quote} No setup is 100% sure but GA crossed clearly however EA has just kissed SMA. BB upper band is true for both though {image}
What I see is the first day out of BB, next day Inside Day, yesterday big stop hunt above first day, outside engulfing bearish bar with low close, so all week tried to go higher but was not able, lack of buyers? buyers turning into sellers?

time will tell
It takes a lot for me to IGNORE you, but you can try.
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