Monthly Profit - Daily Trading using SMA | Page 154 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #3,061
  • Sep 18, 2016 11:50pm Sep 18, 2016 11:50pm
Hello all,

Last week I closed all my positions for a +1480 pips... Not bad for a system I just tried for a week
  • #3,062
  • Sep 19, 2016 12:01am Sep 19, 2016 12:01am
My last week closed setup
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  • #3,063
  • Sep 19, 2016 12:14am Sep 19, 2016 12:14am
Hi all,

can I know if I can still Long AUDUSD? or I should wait till it crosses SMA on top of SMA? I see people already long last friday. but did I get the strategy wrong?
Newbie Noob Trading
  • #3,064
  • Sep 19, 2016 12:20am Sep 19, 2016 12:20am
Hi BK8,

can help advise me your strategy again? I abit confused. But I like your Daily strategy.

If I didn't understand wrongly, you put 2 indicators.
1 - SMA 5 shift 3
2 - BB standard 20, 2

Go Long:
- If daily candle closes clearly above SMA line and next day is in long direction.
- SL = candle lowest +15 pips?
- TP = 3 x SL pips

Go Short:
- If daily candle closes clearly below SMA line and next day is in short direction.
- SL = candle highest +15 pips?
- TP = 3 x SL pips

Am I right?

if so, AUDUSD now should I long or not? on my chart is not crosses over SMA yet.

hope to learn more from you.

Cheers!
Newbie Noob Trading
  • #3,065
  • Sep 19, 2016 12:24am Sep 19, 2016 12:24am
Quoting Bk8
G/A from last week, 320 pips profit so far {image}
If Fed hike, probably more drop this week.
  • #3,066
  • Sep 19, 2016 12:37am Sep 19, 2016 12:37am
@ Smurfy,

Much better you post your chart first. Members can not see what you see to give advice.
  • #3,067
  • Sep 19, 2016 12:47am Sep 19, 2016 12:47am
Mr BKb
Take 2 positions of same setup,
would you please explain , how i take 2 positions of same setup
  • #3,068
  • Sep 19, 2016 12:51am Sep 19, 2016 12:51am
Hi Gilliam,

see the pict.
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Newbie Noob Trading
  • #3,069
  • Sep 19, 2016 12:57am Sep 19, 2016 12:57am
Quoting Smurfy
Hi BK8, can help advise me your strategy again? I abit confused. But I like your Daily strategy. If I didn't understand wrongly, you put 2 indicators. 1 - SMA 5 shift 3 2 - BB standard 20, 2 Go Long: - If daily candle closes clearly above SMA line and next day is in long direction. - SL = candle lowest +15 pips? - TP = 3 x SL pips Go Short: - If daily candle closes clearly below SMA line and next day is in short direction. - SL = candle highest +15 pips? - TP = 3 x SL pips Am I right? if so, AUDUSD now should I long or not? on my chart is not crosses...
I personally feel it is not advisable to long now. The signal to long was 3 candles ago (last friday). If late in an entry, it is best not to enter? For comments please (:
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  • #3,070
  • Sep 19, 2016 1:22am Sep 19, 2016 1:22am
Quoting Smurfy
Hi BK8, can help advise me your strategy again? I abit confused. But I like your Daily strategy. If I didn't understand wrongly, you put 2 indicators. 1 - SMA 5 shift 3 2 - BB standard 20, 2 Go Long: - If daily candle closes clearly above SMA line and next day is in long direction. - SL = candle lowest +15 pips? - TP = 3 x SL pips Go Short: - If daily candle closes clearly below SMA line and next day is in short direction. - SL = candle highest +15 pips? - TP = 3 x SL pips Am I right? if so, AUDUSD now should I long or not? on my chart is not crosses...
It's now SMA 5 shift 0.... shift 3 was the old system...it has been changed to sma 5 shift 0...pls correct that to have the same setup with the rest of the house.
The World As It Is Can Do With Your Positive Disposition
  • #3,071
  • Sep 19, 2016 1:43am Sep 19, 2016 1:43am
Quoting hammadshahir
Today's Setups: I am already LONG/SHORT following: CADCHF - LONG NZDUSD - SHORT <- WILL HOLD TILL INTEREST RATE HIKE DECISION AUDUSD - SHORT <- WILL HOLD TILL INTEREST RATE HIKE DECISION EURAUD - SHORT EURNZD - SHORT EURCAD - SHORT Looking to add: AUDCHF - NZDJPY - SHORT SCALP TILL INTEREST RATE HIKE GBPAUD - {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Thank you so much for these wonderfully presented charts!!!!!
  • #3,072
  • Sep 19, 2016 1:53am Sep 19, 2016 1:53am
Well, seems I am not the only one who does not know where on earth market opens Sundays 1,5 hrs before New York - nobody answered me. Apparently not important, but I have wondered how the gaps are traded during that time, and when the "official" market opens, trading seems to go on from the prices traded during this 1,5 hours. - Brokers that I know (2 Europeans) are not still open during that extra time - but who is trading??

Never mind - this simple and clean excellent system seems to work perfectly no matter when the markets open :-)) Thank you all!
I am quite a newbie in forex trading, so I cannot contribute much yet - but believe me I am learning here how to trade more than anywhere else, so maybe some day...

noux09
  • #3,073
  • Sep 19, 2016 2:11am Sep 19, 2016 2:11am
Hi all,
USD/CHF - I know it might have been a little sideways - but did anyone else take this pair?
  • #3,074
  • Sep 19, 2016 2:17am Sep 19, 2016 2:17am
Mostly blue this morning 😎 I entered all my trades a little late for the Sunday setups. I need sleep and the spreads are too big to wait around.
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So many in the Commercial section want to make me rich! :o
  • #3,075
  • Sep 19, 2016 2:24am Sep 19, 2016 2:24am
Quoting FX-Flux
Mostly blue this morning 😎 I entered all my trades a little late for the Sunday setups. I need sleep and the spreads are too big to wait around. {image}
The only red one is n/u and thats gonna go up anyway - well done!!!
  • #3,076
  • Sep 19, 2016 2:45am Sep 19, 2016 2:45am
Quoting yonnie
{quote} well A/CH has 2 candles on the 12th and 13th with high around the same price: could be a little hiccup if price gets there. C/CH candles are more flowing down and does not have those.
well no hiccup at all - price went through like a rocket.
bought A/CH as well as C/CH.
noticed the last 2 A/CH candles were stronger than the 2 C/CH candles.
A/CH up 1.32% from Thursday low to Friday close; C/CH up 0.84%.
A/CH also closed higher in Friday`s candle.

why am I saying all this?
I could not figure out why the chief chose A/CH over C/CH and who knows these details might be part of the equation.
I just try to become as good as him, `cos I cant always rely on him for the goodies
  • #3,077
  • Sep 19, 2016 2:47am Sep 19, 2016 2:47am
Hi, i need a confirmation here.. so we shouldn't close this position? And not even move the SL to BE? Just wait for tomorrow and do nothing?
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  • #3,078
  • Sep 19, 2016 3:07am Sep 19, 2016 3:07am
you exit your first lots @ SL = TP
if none triggered before tomorrow, move first and second lots`s SL to high/low of last closed candle +/- 10-15 pips.
you got to let your winners run to make the big profits.
  • #3,079
  • Sep 19, 2016 3:16am Sep 19, 2016 3:16am
Quoting yonnie
you exit your first lots @ SL = TP if none triggered before tomorrow, move first and second lots`s SL to high/low of last closed candle +/- 10-15 pips.
it still very far away from TP, but it already more than 20 percent profit..
well, okay i'm going to learn to be patient and stick to the rules.
thanks
  • #3,080
  • Sep 19, 2016 3:19am Sep 19, 2016 3:19am
Quoting yonnie
you exit your first lots @ SL = TP if none triggered before tomorrow, move first and second lots`s SL to high/low of last closed candle +/- 10-15 pips. you got to let your winners run to make the big profits.
I agree, I would have been up much more than I am now if I hadn't closed some of my earlier trades!
So many in the Commercial section want to make me rich! :o
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