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Monthly Profit - Daily Trading using SMA

  • #4,301
  • Edited 1:50am Sep 25, 2016 1:24am | Edited 1:50am
Quoting josephkee
{quote} Hi Personally I feel EURUSD has not much upside to go since it is reaching a weekly trend. I would think NZDUSD sell has more room. Just my opinion. thanks {image}
N/U: best would have been to enter on 9/9 with a lot of patience after that.
yes it might fly from here, but already got N/C from Friday.
could face resistance around 0.7205 from 22/8 and 30/8.
after that could go a long way.
maybe wait another day?
  • #4,302
  • Edited 1:49am Sep 25, 2016 1:33am | Edited 1:49am
Quoting rabhni
{quote}What do you think about AUD/CHF..I know it has some wicks.
A/CH has quite a long wick; it was losing momentum in the last 3 hours. if the close was near the low of the day I would be your partner in crime
  • #4,303
  • Sep 25, 2016 1:38am Sep 25, 2016 1:38am
thanks for sharing. i will try
  • #4,304
  • Sep 25, 2016 1:45am Sep 25, 2016 1:45am
Quoting rabhni
{quote} I am not very confident with NZD/CHF coz its already touching the BB line. I know it has another 100 pips to swing low still going to stay away. What do you think about AUD/CHF..I know it has some wicks.
Hi Rabhni
agree with Yonnie here, also on my chart AU CH is one candle to late, and AU CH closed back above the middle BB
  • #4,305
  • Sep 25, 2016 1:48am Sep 25, 2016 1:48am
Quoting monaghan
{quote} Hi Rabhni agree with Yonnie here, also on my chart AU CH is one candle to late, and AU CH closed back above the middle BB
Sorry
NZ CH is one candle to late
  • #4,306
  • Sep 25, 2016 1:48am Sep 25, 2016 1:48am
Quoting Erebus
{quote} Of course, why didn't he think of that ??? That's what he tells everyone in in his thread
I have been thru his threed over 3 weeks time and when i ask him is there any idea when is that end of the candle to up or down? He say noboudy nous that! Then how someone can claim that the system is easy when you have to wait behinde the screens like crazy when you have a idea for something!!!
Either here when we see at the end of the day chek all charts we can finde one chart at last in wich we can take a trade, we really wait but is worth we get 60 pips+ at last....
  • #4,307
  • Sep 25, 2016 1:53am Sep 25, 2016 1:53am
Quoting liberty71
{quote} We'd appreciate it if you could start a thread on your analysis. what this thread is all about is SMA 5,0. Pls let'e stick to that so as not to derail the thread and to avoid confusing newbies.
Point well taken. Thanks.
Mecrandie
  • #4,308
  • Sep 25, 2016 2:28am Sep 25, 2016 2:28am
Quoting yonnie
{quote} A/CH has quite a long wick; it was losing momentum in the last 3 hours. if the close was near the low of the day I would be your partner in crime
  • #4,309
  • Sep 25, 2016 2:31am Sep 25, 2016 2:31am
Quoting monaghan
{quote} Hi Rabhni agree with Yonnie here, also on my chart AU CH is one candle to late, and AU CH closed back above the middle BB
Thanks monaghan.
  • #4,310
  • Edited 2:54am Sep 25, 2016 2:43am | Edited 2:54am
CADCHF looks good to me except maybe too near lower BB
  • #4,311
  • Sep 25, 2016 3:16am Sep 25, 2016 3:16am
Quoting yonnie
got to plant my veggie garden tomorrow morning, so here goes what I see. candle closed last Friday. dont see any A1 trades, but the most promising: buy E/J - would prefer the close of the last candle to be above the high of the previous candle. plenty of space to go up and will see what the chief decides. buy E/U - last is a small candle, not reaching the high of the previous candle. only 100 pips to a possible resistance of the previous swing high @ 1.1327 sell N/CH - but already well into the swing and only 105 pips away from previous swing...
good work sir very nice
  • #4,312
  • Edited 4:09am Sep 25, 2016 3:56am | Edited 4:09am
Quoting yonnie
{quote} how can you have a lot of pending orders with your broker waiting to be triggered?? you say you dont know if it will even close above the 5sma.
eg: GBPUSD I have a BUY PENDING ORDER @ 1.31008 IF the market hits this level my trade will trigger if not no big deal.
This pair is Over Sold at the moment and I reckon it will head North back to the 1.34 area.

My Pending Orders Are:
GBPUSD BUY Stop @ 1.31008
GBPJPY BUY STOP @ 132.385
EURAUD BUY STOP @ 1.4745
AUDSGD SELL STOP @ 1.03375
AUDUSD SELL STOP @ 0.76032
  • #4,313
  • Sep 25, 2016 4:17am Sep 25, 2016 4:17am
Quoting bobhowson
{quote} eg: GBPUSD I have a BUY PENDING ORDER @ 1.31008 IF the market hits this level my trade will trigger if not no big deal. This pair is Over Sold at the moment and I reckon it will head North back to the 1.34 area. My Pending Orders Are: GBPUSD BUY Stop @ 1.31008 GBPJPY BUY STOP @ 132.385 EURAUD BUY STOP @ 1.4745 AUDSGD SELL STOP @ 1.03375 AUDUSD SELL STOP @ 0.76032
GBP/USD and GBP/JPY - Don't you think they are sideways trades if the orders kick in?
  • #4,314
  • Sep 25, 2016 4:22am Sep 25, 2016 4:22am
Quoting rabhni
{quote} GBP/USD and GBP/JPY - Don't you think they are sideways trades if the orders kick in?
Yeah they are but I'll keep a close eye on them...
  • #4,315
  • Sep 25, 2016 4:24am Sep 25, 2016 4:24am
Quoting bobhowson
{quote} Yeah they are but I'll keep a close eye on them...
Not sure if I missed out any thing. How do you know that SMA has cross just based on pending order. What happen if your order triggered but sma has not crossed?
Maybe I can learn from you.
thank you
  • #4,316
  • Sep 25, 2016 4:42am Sep 25, 2016 4:42am
Hi Bk8 and every one. I'm new here and I've been trying to follow the rule of this wonderful strategy.

According to the rule of BK8, I see several pairs that could be considered in my opinion:

1. EUR-JPY: buy
2. EUR - CAD: buy
3. EUR - NCD: buy
4. NZD - USD : Sell
5. Usd - CAD: buy
6.CAD-CHF: sell
7. CHF - JPY: buy

Do you guys have any ideas for these or something that I could pay more attention ? (I try to ignore some pairs having side-way.

Thank you.
  • #4,317
  • Sep 25, 2016 4:47am Sep 25, 2016 4:47am
Quoting bobhowson
Hi Everyone ! Well it's almost 9am here in Australia and the market closes here 7am Saturday morning. Just before they closed I placed a few trades ready for tomorrows open at 7am, this is what I have E/C is already in profit. A/C ... Sell E/C... Buy, E/J... Buy..., USDSGD.. I have a Buy trade... I have lots of Pending Orders waiting for the market to close above the 5 sma Good Luck Guys... Cheers !
hI Bob, why are you selling A/C and buying E/C? By the way, don't you read your PM's?
  • #4,318
  • Sep 25, 2016 4:51am Sep 25, 2016 4:51am
Quoting bobhowson
{quote} eg: GBPUSD I have a BUY PENDING ORDER @ 1.31008 IF the market hits this level my trade will trigger if not no big deal. This pair is Over Sold at the moment and I reckon it will head North back to the 1.34 area. My Pending Orders Are: GBPUSD BUY Stop @ 1.31008 GBPJPY BUY STOP @ 132.385 EURAUD BUY STOP @ 1.4745 AUDSGD SELL STOP @ 1.03375 AUDUSD SELL STOP @ 0.76032
Bob, what are your SL's?
  • #4,319
  • Sep 25, 2016 5:05am Sep 25, 2016 5:05am
Quoting josephkee
{quote} Not sure if I missed out any thing. How do you know that SMA has cross just based on pending order. What happen if your order triggered but sma has not crossed? Maybe I can learn from you. thank you
When I came across this system I was using my Pending Order system with the help of the Stochastic Indicator. I have combined them together but I don't want to go into it on this thread in respect of Bk8.
  • #4,320
  • Sep 25, 2016 5:08am Sep 25, 2016 5:08am
Quoting shimmering
{quote} Bob, what are your SL's?
Hi Shimmering
If you head over to my page you can see my trades and Pending Orders.
Cheers !
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