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Monthly Profit - Daily Trading using SMA

  • #2,661
  • Sep 16, 2016 2:30am Sep 16, 2016 2:30am
Quoting Beth25
{quote} 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" ?
in my book G/A is sideways.
Bk8 says if you have the BB`s up, you will see that G/A as well as E/A candles are coming down from the upper band.

the deciding factor for Bk8 is that G/A crossed the MA comfortably and E/A just closed on the MA.
that was due to the fact that G/A had 3 days of going nowhere at the top, so the MA could catch up more easily with the latest price action. not for E/A though.
  • #2,662
  • Sep 16, 2016 2:31am Sep 16, 2016 2:31am
@ Flux,
Oooh, I will appreciate, waking up at 12 midnight to check possible trades. Nearly had a big mistake this morning

Thanks much
  • #2,663
  • Sep 16, 2016 2:48am Sep 16, 2016 2:48am
Quoting crimson89
@ yonnie Thanks yonnie! I missed post #2620 on the EA clarification. Any idea about N/U?
on your chart the last 6 candles form a V-shape, so not sideways imo.
the last closed candle could have closed a little higher above the sma, so it is not an A1 trade I would say.
  • #2,664
  • Sep 16, 2016 3:21am Sep 16, 2016 3:21am
Hi, everyone.
So I am a trader-wanna be here. I read the post and I have two questions which seek for help to be clarified. Basically what the post said was placing 2 orders at the same time and keep one on running once the first order has token the profit, correct? If so, where should we set the TP for the first order?

The other question i wanna ask is whether we closed down the trade before weekend(on Friday) or do we just simply let it stay through the weekend.

Appreciate
  • #2,665
  • Sep 16, 2016 3:32am Sep 16, 2016 3:32am
Quoting kaiman
Hi, everyone. So I am a trader-wanna be here. I read the post and I have two questions which seek for help to be clarified. Basically what the post said was placing 2 orders at the same time and keep one on running once the first order has token the profit, correct? If so, where should we set the TP for the first order? The other question i wanna ask is whether we closed down the trade before weekend(on Friday) or do we just simply let it stay through the weekend. Appreciate
if your stop loss was -40 pips then your take profit will be +40 pips.

many of us took trades this morning, so trading Friday is not an issue.
So many in the Commercial section want to make me rich! :o
  • #2,666
  • Sep 16, 2016 3:44am Sep 16, 2016 3:44am
Quoting kaiman
Hi, everyone. So I am a trader-wanna be here. I read the post and I have two questions which seek for help to be clarified. Basically what the post said was placing 2 orders at the same time and keep one on running once the first order has token the profit, correct? If so, where should we set the TP for the first order? The other question i wanna ask is whether we closed down the trade before weekend(on Friday) or do we just simply let it stay through the weekend. Appreciate
With all respect to BK8:
We place the TP equal to SL, meaning first we place the Sl, above / below the previeus day candle than we MEASUR it and put the Tp. So Sl = Tp, this is for the first setup, and the second setup we let it run if we are in profit, we will keep it overnight or weekend.
hope this helps . Cheers Rees
Human beings are members of a whole, In creation of one essence and sol.
  • #2,667
  • Sep 16, 2016 4:18am Sep 16, 2016 4:18am
Quoting yonnie
{quote} on your chart the last 6 candles form a V-shape, so not sideways imo. the last closed candle could have closed a little higher above the sma, so it is not an A1 trade I would say.
I see.. got it. Thank you for the clarification yonnie
  • #2,668
  • Sep 16, 2016 4:56am Sep 16, 2016 4:56am
Thank you Flux and MrRijk
  • #2,669
  • Sep 16, 2016 5:01am Sep 16, 2016 5:01am
Hi all,

This morning i entered a short GA.
And also two pending orders: buy AU and sell EN.

Nothing much happened.. today it's exciting as watching paint dry as they say.
Just close the terminal and look again tonight, have a great day all!
Persistence will get it. Consistency will keep it.
  • #2,670
  • Sep 16, 2016 5:19am Sep 16, 2016 5:19am
NZD-CHF this may be the best picture for today
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  • #2,671
  • Sep 16, 2016 5:32am Sep 16, 2016 5:32am
The 30-yr bonds didn't set up last night, but it looks like it is setting up for Sunday Night for a long ...
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  • #2,672
  • Sep 16, 2016 5:33am Sep 16, 2016 5:33am
From what i have observe in the end of the week market is preparing him self for next week (i remeber USD/CAD on previous week and some other pairs). I nou i am a little beat late but i think im on the track. Someone once sayed: "Patience is virtue" egxactly about these system
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  • #2,673
  • Sep 16, 2016 6:13am Sep 16, 2016 6:13am
Quoting mizi123
From what i have observe in the end of the week market is preparing him self for next week (i remeber USD/CAD on previous week and some other pairs). I nou i am a little beat late but i think im on the track. Someone once sayed: "Patience is virtue" egxactly about these system {image}
Good Morning,

Thats right, I am still on
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  • #2,674
  • Sep 16, 2016 6:14am Sep 16, 2016 6:14am
guys, if you haven't heard already, trading view is a great place to demo your strategy, if it goes in profit, take it for real

good to see the YEN pairs breaking out, especially GBPJPY

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It takes a lot for me to IGNORE you, but you can try.
  • #2,675
  • Sep 16, 2016 6:16am Sep 16, 2016 6:16am
Whole week G/CHF is playing peek o boo
Still within + 100 pips
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  • #2,676
  • Sep 16, 2016 6:20am Sep 16, 2016 6:20am
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}
Hello
I took this advise last night. + 16 pips
Thank you.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #2,677
  • Sep 16, 2016 6:21am Sep 16, 2016 6:21am
Quoting Erebus
guys, if you haven't heard already, trading view is a great place to demo your strategy, if it goes in profit, take it for real good to see the YEN pairs breaking out, especially GBPJPY {image}
Yep, my 3rd experiment is in progress.. this is not right thread to discuss so will not talk in detail but look at tight SL.. will you belive I took poistion on 1M
and still survived all night
AJ 35 pips
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  • #2,678
  • Sep 16, 2016 6:23am Sep 16, 2016 6:23am
Quoting yonnie
daily closed 10 min ago. buy A/U N/U sell E/N edit: sell E/A as well
Hello
Yonnie. I think you are a good teacher as well.
Thank you.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #2,679
  • Sep 16, 2016 6:26am Sep 16, 2016 6:26am
Hello.
Can I ask you something?
Seems like, when I am looking at any pair nzd - it doesn't act like it is predictable.
Is there a special time after daily close you do a set up for a pai with nzd involved?.
Thank you.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #2,680
  • Sep 16, 2016 6:27am Sep 16, 2016 6:27am
Quoting Oddbjorg
{quote} Hello I took this advise last night. + 16 pips Thank you. Oddbj.
Thanks but why only 16 pips? did you take position late? mine is around +70 pips

Today is Friday so be please prepared for reversal
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