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Monthly Profit - Daily Trading using SMA

  • #2,881
  • Sep 18, 2016 12:20am Sep 18, 2016 12:20am
Quoting bobhowson
{quote} Thanks Bk8 I'm already in EURAUD from my old system still current. Ta !
Hi Bob
forgot to mention in my last post i am expecting a pullback on GBP CAD first before resuming down
good luck
M.
  • #2,882
  • Sep 18, 2016 12:20am Sep 18, 2016 12:20am
Quoting monaghan
{quote} Morning Bob in my humble opinion these two are ranging, NZ Y is trapped between the daily 200 SMA and Strong daily support, and AUS N between daily support and Resistance, good luck if you take them, also I hope I am not over analysing as things seem to be getting very touchy around here, M. {image} {image}
Ha ha.. please feel free to share your experince, we have very few experinced traders like you here who are still so humble, so you do not have to restrict yourself.
  • #2,883
  • Sep 18, 2016 12:26am Sep 18, 2016 12:26am
Quoting Bk8
{quote} Ha ha.. please feel free to share your experince, we have very few experinced traders like you here who are still so humble, so you do not have to restrict yourself.
Morning from Cape Town BK8
and thank you, i think in this day and age with all the troubles we have in the world wide it pays to be a bit humble, my trade for tomorrow morning will be CHF YEN sell any positive comments good or bad will be appreciated
  • #2,884
  • Sep 18, 2016 1:14am Sep 18, 2016 1:14am
Hi I hailed from a country call Singapore in South East Asia. I am just lucky to stumbled onto a thread which is alive and current till this moment where we can share set ups that is going to happen tomorrow. Most thread died a sudden death. I am blessed to be on a thread and follow what trades to enter the following day and greatly benefit from it.
So far I have been getting about 3 trades out of ten trades as a loser so it is about 70%. I trade live account with small position size as I sometimes have 5 or more positions opened. I just want to say keep it up and thanks for the pips.
  • #2,885
  • Edited 1:20pm Sep 18, 2016 3:00am | Edited 1:20pm
number of votes so far what to buy/sell at market open (counted up to post 2964)
buy A/CH 5 - A/N 6 - C/CH 3 - E/C 1 - N/CH 1 - NU 1 - U/CH 1
sell CH/J 1 - E/A 7 - E/C 9 - E/J 1 - E/N 4 - E/S 2 - E/U 1 - G/A 2 - G/C 7 - G/U 1 - N/J 1

the final score as I`m going out for a walk and a cappuccino........
so chief, you`ll have a big job ahead of you weeding out the baddies
  • #2,886
  • Edited 4:28am Sep 18, 2016 3:06am | Edited 4:28am
Hello all

My next trades are : buy AUDCHF , sell EURCAD ( half lot ) , sell GBPCAD ( half lot )


Best of luck
  • #2,887
  • Sep 18, 2016 3:34am Sep 18, 2016 3:34am
Quoting yonnie
number of votes so far what to buy/sell at market open: buy A/CH 2 - A/N 3 - C/CH 1 - E/C 1 - U/CH 1 sell CH/J 1 - E/A 2 - E/C 5 - E/J 1- E/N 1 - E/S 2 - E/U 1 - G/A 1 - G/C 3 - G/U 1 - N/J 1 so chief, you`ll have a big job ahead of you weeding out the baddies
I thought EG looks interesting too for a buy. Comments please
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  • #2,888
  • Sep 18, 2016 3:49am Sep 18, 2016 3:49am
@thor
you would be buying in the middle of a move up. your buy should have been on the 7th.
now we`re just waiting for E/G to go down again and pile in then.
  • #2,889
  • Sep 18, 2016 4:20am Sep 18, 2016 4:20am
As market open, i'll buy A/CH, sell G/C
  • #2,890
  • Sep 18, 2016 4:30am Sep 18, 2016 4:30am
Quoting bobhowson
G'day laikos, I think it's a great idea if you use the BB Bands as Bk8 suggested. I think your EU, GU & EJ the bands are narrow which suggests the trend is sideways. I'm pretty sure I'm right... What do you reckon gang ? Cheers !
Hi bobhowson,
Thanks for the feedback. Agree that EU & GU are on the band. Will skip those pairs. But EJ looks quite side ways but not on the band

Regards
Laikos
  • #2,891
  • Sep 18, 2016 5:41am Sep 18, 2016 5:41am
Quoting frx_trader
{quote} I like sell GBPCAD and sell EURSGD. But I might buy EURCAD.
Please re-examine EC chart = both Daily and Weekly. There's no way that's a buy
  • #2,892
  • Sep 18, 2016 5:57am Sep 18, 2016 5:57am
Quoting thor888
{quote} I thought EG looks interesting too for a buy. Comments please {image}
Hi Thor
i would wait for a positive pullback as it has far exceeded its daily range, also i don't think it is as per our rules here having crossed the SMA eight bars ago
good luck
M.
  • #2,893
  • Sep 18, 2016 6:35am Sep 18, 2016 6:35am
Quoting yonnie
number of votes so far what to buy/sell at market open: buy A/CH 2 - A/N 3 - C/CH 1 - E/C 1 - U/CH 1 sell CH/J 1 - E/A 2 - E/C 5 - E/J 1- E/N 1 - E/S 2 - E/U 1 - G/A 1 - G/C 3 - G/U 1 - N/J 1 so chief, you`ll have a big job ahead of you weeding out the baddies
Great job here. A/C looks great IMO...as well as a lot of pairs related GBP (G/CAD, G/CHF). I like to trade this SMA cross with BB 20 (2 and 3 Dev).
  • #2,894
  • Sep 18, 2016 6:39am Sep 18, 2016 6:39am
Quoting Mathy
{quote} Please re-examine EC chart = both Daily and Weekly. There's no way that's a buy
Yeap,I agree . it cannot be a buy. Be careful and don't enter wrong entry. The buy occurs on sept 8, 2016 and now is short come Monday.
thank you
  • #2,895
  • Sep 18, 2016 6:45am Sep 18, 2016 6:45am
My potential setups :

EURCAD Sell
AUDNZD Buy
AUDCHF Buy
CADCHF Buy
EURAUD Sell
GBPCAD Sell (but big candle)

I ll choose 3 of then due to MM
  • #2,896
  • Sep 18, 2016 7:28am Sep 18, 2016 7:28am
Quoting Bk8
I am sharing the simplest strategy for stress free day trading, I have ever seen anywhere else Indicators SMA 5,0 BB (Optional) Time Required - Just 15 minutes daily after D1 close when new candle starts. Avoid Lower timeframe charts, even H4 is not reliable. Risk - Do not take positions more than 5% of account value and do not take multiple positions on same pair, even setup is 100% correct Sideways pattern Entry When previous daily candle has clearly crossed SMA line Candle should not touch then upper BB line (Optional) Stop Loss high(+15 Pips)/low(-15...
Have you considered EMA(5)?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,897
  • Sep 18, 2016 7:37am Sep 18, 2016 7:37am
Quoting NotMe
{quote} I don't follow these two rules (in white) Avoid Lower timeframe charts, even H4 is not reliable. Risk - Do not take positions more than 5% of account value and do not take multiple positions on same pair, even setup is 100% correct Sideways pattern Edit: and I use EMA not SMA
Please, please, give me your rules, I am having trouble understanding, for example, does the candle have to have pierced the MA, or close on the other side?
  • #2,898
  • Edited 7:56am Sep 18, 2016 7:39am | Edited 7:56am
Some of opportunities today ...

EUR/AUD

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NZD/CHF

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AUD/CHF

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CAD/CHF

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AUD/NZD

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EUR/CAD

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GBP/CAD

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Read 1st post , if you don't understand something , then , ask a question
  • #2,899
  • Sep 18, 2016 7:39am Sep 18, 2016 7:39am
Quoting Bk8
{quote} Please read post#1, you will be good to start
Hi, I have read the first post, but I still have the question which I had asked you. Eg. does the candle have to only pierce the MA, or close beyond it?
  • #2,900
  • Sep 18, 2016 7:42am Sep 18, 2016 7:42am
[Quote = Monaghan; 9145954] {quote} Mañana Bob en mi humilde opinión, estos dos se van, NZ Y está atrapado entre la diaria media móvil de 200 y apoyo diario fuerte, y AUS N entre el apoyo diario y resistencia, buena suerte si se toman , también espero que no soy más que analizar las cosas parecen estar muy delicado por aquí, M. {image} {image} [/ quote]
Hello, Monaghan, I could share shadows indicator S & R? Thank you
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