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Monthly Profit - Daily Trading using SMA

  • #3,581
  • Sep 21, 2016 6:32am Sep 21, 2016 6:32am
Quoting Brian214
{quote} Thanks for the explanation and in your case you stick to rule 2. What is your policy on the amount of profit you take on the first part of your trade?
If your SL was 50 pips then your TP is 50 pips. That is what SL=TP means.
So many in the Commercial section want to make me rich! :o
  • #3,582
  • Sep 21, 2016 6:37am Sep 21, 2016 6:37am
Quoting FX-Flux
{quote} I feel like for these sorts of situations by holding onto these positions we are taking a gamble hoping that the trade will go our way. This kind of goes against our rule for no sideways entry. In theory anyone who didn't take the trade initially could have jumped in at any point during the last few days and still be in the same position we are for holding onto the initial trade. No?
Interesting point by FX-Flux, if an entry point was taken by others and you can buy in at a price that is advantageous to the original price (the price of the piercing signal candle) surely that would be ok? As all these types of trades count towards the mean overall pip count?
  • #3,583
  • Sep 21, 2016 6:39am Sep 21, 2016 6:39am
Im up to 700 pips!
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  • #3,584
  • Sep 21, 2016 6:40am Sep 21, 2016 6:40am
Quoting arielcorp
{quote} Last time I suggested that scenario a couple days ago I got my face slapped.
I struggle on mobile when I have to post long text... I hope #3673 helps..

Also I think everybody has right to express his views for a healthy doscussion, I am sorry if someone reacted little harsh.
  • #3,585
  • Sep 21, 2016 6:44am Sep 21, 2016 6:44am
Quoting mario777
Im up to 700 pips! {image}
Wow grats
  • #3,586
  • Sep 21, 2016 7:02am Sep 21, 2016 7:02am
Thanks Civitas, I think you have highlighted original point, Fx-Flux wanted to ask.

Answer is no, once we miss the setup we should wait for next signal. I think majority of traders are losing because they are not disciplined and consistent. we may gain quick pips or lucky for time being but that will destroy our long term startegy.

Quoting Civitas
{quote} Interesting point by FX-Flux, if an entry point was taken by others and you can buy in at a price that is advantageous to the original price (the price of the piercing signal candle) surely that would be ok? As all these types of trades count towards the mean overall pip count?
  • #3,587
  • Sep 21, 2016 7:03am Sep 21, 2016 7:03am
So tbe rules are exactly the same as post #1?

wow! Thats pretty neat!

Are people scanning for pairs or is there a alerts setup that notifies crossovers?
I love forex. One day it will love me back.
  • #3,588
  • Sep 21, 2016 7:09am Sep 21, 2016 7:09am
5sma close alet
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  • #3,589
  • Sep 21, 2016 7:12am Sep 21, 2016 7:12am
USDCAD Trade Idea

Currently, USDCAD price is crossing SMA5 and looks an appealing SHORT position. But I suggest you guys should avoid entry till news. Price will spike higher. If Fed doesn't hike rate (which seems more and more likely), you can place enter position on the spike or you can put limit orders and take a good entry.


All the best and happy trading.
  • #3,590
  • Sep 21, 2016 7:16am Sep 21, 2016 7:16am
Quote
USDCAD Trade Idea

Currently, USDCAD price is crossing SMA5 and looks an appealing SHORT position. But I suggest you guys should avoid entry till news. Price will spike higher. If Fed doesn't hike rate (which seems more and more likely), you can place enter position on the spike or you can put limit orders and take a good entry.


All the best and happy trading.
hey this close news before?
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  • #3,591
  • Sep 21, 2016 7:19am Sep 21, 2016 7:19am
Quoting saranga
5sma close alet {image}
Can you please share your alert indicator. Thanks
  • #3,592
  • Sep 21, 2016 7:19am Sep 21, 2016 7:19am
Quoting hammadshahir
USDCAD Trade Idea Currently, USDCAD price is crossing SMA5 and looks an appealing SHORT position. But I suggest you guys should avoid entry till news. Price will spike higher. If Fed doesn't hike rate (which seems more and more likely), you can place enter position on the spike or you can put limit orders and take a good entry. All the best and happy trading.
Hi H
are you suggesting to enter before the Daily Candle close, if you are then it is right on 131334 my daily support line Oanda, thats why you should not encourage anyone especially the new guys to take a trade until the new daily candle opens, if i am wrong please advise
  • #3,593
  • Sep 21, 2016 7:20am Sep 21, 2016 7:20am
Quoting saranga
{quote} hey this close news before? {image}
I am still long U/CAD
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  • #3,594
  • Sep 21, 2016 7:22am Sep 21, 2016 7:22am
Quote
I am still long U/CAD
thank bk8
  • #3,595
  • Sep 21, 2016 7:22am Sep 21, 2016 7:22am
Just hit my TP1 on E/C + 101..so I am in with two second positions E/C + 95 and E/N +200..so far so good..
Read 1st post , if you don't understand something , then , ask a question
  • #3,596
  • Sep 21, 2016 7:24am Sep 21, 2016 7:24am
Congrats to all! I've been reading through this thread and I really like the potential of this system. For those of you who have been trading this system for over a month, how many trade setups are you seeing on average per week?
  • #3,597
  • Sep 21, 2016 7:27am Sep 21, 2016 7:27am
Hi all

in profit AUD/USD +65 pips , AUD/CAD +105 pips, AUD/CHF + 120 pips NZD/USD +70 pips EUR/AUD +310 pips

Trend is your friend and the rules of this briilant system Big Thanks to BK8



Gl all
  • #3,598
  • Sep 21, 2016 7:28am Sep 21, 2016 7:28am
Quoting saranga
5sma close alet {image}
just to make it look more clear you should add BB, red arrows only if candle close is above middle line and green arrows only if candle close is below
  • #3,599
  • Sep 21, 2016 7:28am Sep 21, 2016 7:28am
Quoting wwfool
Congrats to all! I've been reading through this thread and I really like the potential of this system. For those of you who have been trading this system for over a month, how many trade setups are you seeing on average per week?
Wwfool enought is 1 postion (pair i mean) wich apeers without problem during the week and i that pair you open 2 position acordingly with your account and that is enought i think
  • #3,600
  • Sep 21, 2016 7:29am Sep 21, 2016 7:29am
CADJPY drop alot..Anyone knows the reason?
Thank you
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