Monthly Profit - Daily Trading using SMA | Page 223 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #4,441
  • Edited 9:30pm Sep 25, 2016 9:18pm | Edited 9:30pm
Quoting FX-Flux
{quote} Lets hope we have some luck next week. Enjoy the wine over the weekend!
Did you try yellowtales Merlot ever? if not try it once .. you would love it
  • #4,442
  • Sep 25, 2016 9:19pm Sep 25, 2016 9:19pm
Quoting bolehbah69
{quote} ok thank you awesome system by the way :nerd:
Thank you Sir!
  • #4,443
  • Sep 25, 2016 9:28pm Sep 25, 2016 9:28pm
hi Bk8...for eurjpy the candle did close above sma....but the sma pointing dwnwards....should we ignore it and wait for the sma to point up?

thank you
  • #4,444
  • Sep 25, 2016 9:49pm Sep 25, 2016 9:49pm
Quoting Ct13
hi Bk8...for eurjpy the candle did close above sma....but the sma pointing dwnwards....should we ignore it and wait for the sma to point up? thank you
I never considered SMA downward and upwards... if you are interested for 99% setups only then should not consider this setup..I think its right time to get out or you may wait for breakeven.. setup is moving up now.
  • #4,445
  • Sep 25, 2016 10:05pm Sep 25, 2016 10:05pm
A/CH: price came back to pick me up.
am now with you all the way Bk8!
  • #4,446
  • Sep 25, 2016 10:12pm Sep 25, 2016 10:12pm
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...
Hi BK8
i read some pages but still dont understand for entry.
You said " Entry When previous daily candle has clearly crossed SMA line Candle" then we should go short or long or what?
its not clear at all.
plus when you say Clearly crossed SMA line candle,what does it mean?SMA crossed in middle of the body of daily candle or what?
can you please explain it more?
best regards
Fred
  • #4,447
  • Sep 25, 2016 10:15pm Sep 25, 2016 10:15pm
Quoting Bk8
{quote} I never considered SMA downward and upwards... if you are interested for 99% setups only then should not consider this setup..I think its right time to get out or you may wait for breakeven.. setup is moving up now.
We have to give time for the MKT to do its thing. I entered this trade this morning some 6 hours ago and I don't think I should close out the moment it goes into the red. The day is still young and I chose to believe in the strategy.
Thanks
  • #4,448
  • Sep 25, 2016 10:15pm Sep 25, 2016 10:15pm
Nice community here,good luck all! AUDCHF look fine for me. Five green candles,price reverse,red candle crossed 5sma line. We will see what will happen
Attached Image (click to enlarge)
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  • #4,449
  • Sep 25, 2016 10:16pm Sep 25, 2016 10:16pm
Wow.. you should try other threads who claim simple strategy too never mind... I simply meant when body of candle crossed SMA.. where is the confusion?
Quoting fredgold3434
{quote} Hi BK8 i read some pages but still dont understand for entry. You said " Entry When previous daily candle has clearly crossed SMA line Candle" then we should go short or long or what? its not clear at all. plus when you say Clearly crossed SMA line candle,what does it mean?SMA crossed in middle of the body of daily candle or what? can you please explain it more? best regards Fred
  • #4,450
  • Sep 25, 2016 10:19pm Sep 25, 2016 10:19pm
Quoting Bk8
{quote} Oops it should be 112.60... never mind you could be lucky if SL triggers 112.60 as well
E/J: close last Friday 113.41 - ATR 112 pips
considering its a small candle and no other reasonable candle is close, my SL is at close minus 1 ATR = 112.29 to give it enough room to move.
Bk8: why 112.60 and in your experience should a 81 pips SL be enough?
  • #4,451
  • Sep 25, 2016 10:24pm Sep 25, 2016 10:24pm
Quoting Bk8
Wow.. you should try other threads who claim simple strategy too never mind... I simply meant when body of candle crossed SMA.. where is the confusion? {quote}
Yea. Its as clear as it can get.
  • #4,452
  • Sep 25, 2016 10:26pm Sep 25, 2016 10:26pm
As per rule , it should be low of previous day minus 15 pips

Quoting yonnie
{quote} E/J: close last Friday 113.41 - ATR 112 pips considering its a small candle and no other reasonable candle is close, my SL is at close minus 1 ATR = 112.29 to give it enough room to move. Bk8: why 112.60 and in your experience should a 81 pips SL be enough?
  • #4,453
  • Sep 25, 2016 10:26pm Sep 25, 2016 10:26pm
Quoting Bk8
Wow.. you should try other threads who claim simple strategy too never mind... I simply meant when body of candle crossed SMA.. where is the confusion? {quote}
maybe you should change the entry requirement in post 1.
think it would be better to word it something like this: the candle crosses the 5sma and has to close for the day on the other side of the 5sma as well.
that the candle has to close on the other side is not mentioned.
  • #4,454
  • Sep 25, 2016 10:28pm Sep 25, 2016 10:28pm
Quoting Bk8
Wow.. you should try other threads who claim simple strategy too never mind... I simply meant when body of candle crossed SMA.. where is the confusion? {quote}
If you mean when body of daily previous candle crossed SMA, and that candle is short,then we go short ,i have seen lots of the time it went long instead.
otherwise if you mean something else.
regards
fred
  • #4,455
  • Sep 25, 2016 10:35pm Sep 25, 2016 10:35pm
Quoting Bk8
As per rule , it should be low of previous day minus 15 pips {quote}
up she comes
  • #4,456
  • Sep 25, 2016 10:44pm Sep 25, 2016 10:44pm
Quoting fredgold3434
{quote} If you mean when body of daily previous candle crossed SMA, and that candle is short,then we go short ,i have seen lots of the time it went long instead. otherwise if you mean something else. regards fred
If the candle cross from top to down snd closed and bearish it is a sell. If candle cross and closed from down to up and bullish candle you buy.
Thanks
  • #4,457
  • Sep 25, 2016 10:45pm Sep 25, 2016 10:45pm
Quote
yonnie

did you see that guys - I now got a little yellow diamond next to my name - and that after being a member for 8 years - am immensly proud of it

Well done ... congrats all the way
  • #4,458
  • Sep 25, 2016 11:14pm Sep 25, 2016 11:14pm
Yes you are Thor afterall.
  • #4,459
  • Sep 25, 2016 11:38pm Sep 25, 2016 11:38pm
Quoting josephkee
{quote} If the candle cross from top to down snd closed and bearish it is a sell. If candle cross and closed from down to up and bullish candle you buy. Thanks
Hi josephkee
thanks for the detail , can you please attach some charts example for buy and sell entry as you mentioned above?
best regards
Fred
  • #4,460
  • Sep 25, 2016 11:46pm Sep 25, 2016 11:46pm
Quoting Oddbjorg
{quote} Hi. Sl 113.333. Oddbj.
Was that your entry price ( did you have a buy stop order)?
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