Monthly Profit - Daily Trading using SMA | Page 181 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #3,601
  • Sep 21, 2016 7:31am Sep 21, 2016 7:31am
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?
These are from the start of the week arent they enought :

in profit AUD/USD +65 pips , AUD/CAD +105 pips, AUD/CHF + 120 pips NZD/USD +70 pips EUR/AUD +310 pips
  • #3,602
  • Sep 21, 2016 7:31am Sep 21, 2016 7:31am
Quoting monaghan
{quote} 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
I am saying, don't take this trade. Specially new ones.
  • #3,603
  • Sep 21, 2016 7:32am Sep 21, 2016 7:32am
Quoting Bk8
{quote} I am still long U/CAD {image}
BK8, you are really long term player
Let Market Tell You
  • #3,604
  • Sep 21, 2016 7:33am Sep 21, 2016 7:33am
Quote
I am saying, don't take this trade. Specially new ones.
  • #3,605
  • Sep 21, 2016 7:33am Sep 21, 2016 7:33am
Quoting Bk8
{quote} I am still long U/CAD {image}
Last chance to exit on Spike, Put a TP like 100 PIPS up

If news is in your favour, you can always cancel TP (if you get time).
  • #3,606
  • Sep 21, 2016 7:33am Sep 21, 2016 7:33am
Quoting Monokl
CADJPY drop alot..Anyone knows the reason? Thank you
Bank of Japan news this morning.
  • #3,607
  • Sep 21, 2016 7:35am Sep 21, 2016 7:35am
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?
Hi, it depends..sometimes you have many of opportunities on first day and then for two days there are no good setups..next week and you will have more or less this kind of situations..but if you are already in some trades ,then you don't have to open another one, unless you have some room on your account ,to do that
Read 1st post , if you don't understand something , then , ask a question
  • #3,608
  • Sep 21, 2016 7:36am Sep 21, 2016 7:36am
Quoting mizi123
{quote} These are from the start of the week arent they enought : in profit AUD/USD +65 pips , AUD/CAD +105 pips, AUD/CHF + 120 pips NZD/USD +70 pips EUR/AUD +310 pips
Awesome, thanks! I'm going to give this a go next week after doing my homework this weekend
  • #3,609
  • Sep 21, 2016 8:08am Sep 21, 2016 8:08am
hi all friends this indi alert 5sma close it's good alert on chart
bk8 advice want setting this indi
Attached Image (click to enlarge)
Click to Enlarge Name: Picture6.jpg Size: 40 KB
Attached File(s)
File Type: mq4 Price MA Breakout (1).mq4   3 KB | 442 downloads
File Type: mq4 Price MA Breakout.mq4   3 KB | 580 downloads
  • #3,610
  • Sep 21, 2016 8:09am Sep 21, 2016 8:09am
Quoting saranga
hi all friends this indi alert 5sma close it's good alert on chart bk8 advice want setting this indi {file} {file} {image}
Thanks bro!
  • #3,611
  • Sep 21, 2016 8:10am Sep 21, 2016 8:10am
As of now
Gbpaud roughly 500 pips on 2nd position- SL at 400 locked
Euraud 200 pips 2nd position- 110 locked
Audchf 70 pips no postions closed -SL at 20 locked

All Nzd trades closed yesterday with positive trades
  • #3,612
  • Sep 21, 2016 8:12am Sep 21, 2016 8:12am
Quoting FX-Flux
{quote} If your SL was 50 pips then your TP is 50 pips. That is what SL=TP means.
Thanks for your response. My problem with that calculation is that typically on daily candles your SL+15 pips will leave you with a minimum 80 pips and up to 250 pips so you would need a very strong move to get 1:1 on that for your first exit
  • #3,613
  • Sep 21, 2016 8:21am Sep 21, 2016 8:21am
Quoting Brian214
{quote} Thanks for your response. My problem with that calculation is that typically on daily candles your SL+15 pips will leave you with a minimum 80 pips and up to 250 pips so you would need a very strong move to get 1:1 on that for your first exit
If that is your concern, then you should adjust your lot size to what you are comfortable putting at risk on any trade. It really shouldn't matter in pips, it matters in dollars, or percentage you are willing to risk on any given trade.
  • #3,614
  • Sep 21, 2016 8:31am Sep 21, 2016 8:31am
Quoting saranga
hi all friends this indi alert 5sma close it's good alert on chart bk8 advice want setting this indi {file} {file} {image}
@ Saranga ; Many thanks
Human beings are members of a whole, In creation of one essence and sol.
  • #3,615
  • Sep 21, 2016 8:32am Sep 21, 2016 8:32am
Quoting saranga
hi all friends this indi alert 5sma close it's good alert on chart bk8 advice want setting this indi {file} {file} {image}
Thanc you saranga you are
  • #3,616
  • Sep 21, 2016 8:44am Sep 21, 2016 8:44am
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?
Hi Civtas,
If you want to know the response I got to exactly the same question check out post number #2841. Not very flatering.
  • #3,617
  • Sep 21, 2016 8:44am Sep 21, 2016 8:44am
if today's candle closes below sma, should i look to the exit the trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 6 KB
  • #3,618
  • Sep 21, 2016 8:45am Sep 21, 2016 8:45am
Quoting Heelfan23
As of now Gbpaud roughly 500 pips on 2nd position- SL at 400 locked Euraud 200 pips 2nd position- 110 locked Audchf 70 pips no postions closed -SL at 20 locked All Nzd trades closed yesterday with positive trades
I did basically the same with my orders, but GBPAUD already got the SL at 400 pips for me. I moved the SL to 400 after the daily candle close touching the lower BB.

I also have:

EURCAD: +44 pips | SL 5 pips (BE)
EURNZD: +122 pips | SL 21 pips
AUDUSD: +60 pips | SL 5 pips (BE)
  • #3,619
  • Sep 21, 2016 8:47am Sep 21, 2016 8:47am
Quoting saranga
5sma close alet {image}
Sorry Saranga, Here is another example why we should not take early or late entry... and we do not need real time alerts
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 109 KB
  • #3,620
  • Sep 21, 2016 8:49am Sep 21, 2016 8:49am
Quoting Bk8
{quote} I am still long U/CAD {image}
Hi Bk8,
I asked about this set up and response I got was not positive, reason being appeared sideways?
Your thoughts please.
Cheers
8 traders viewing now