Very odd day for me in last 3 weeks.. I used to check my positions all the time but today I tried to ignore my phone as much as possible.
Monthly Profit - Daily Trading using SMA
- #4,564
- Sep 26, 2016 4:06pm Sep 26, 2016 4:06pm
- Joined Jan 2015 | Status: Trader | 1,533 Posts
GBP/CAD
Thank you Sir!
- #4,566
- Sep 26, 2016 4:08pm Sep 26, 2016 4:08pm
- Joined May 2008 | Status: Trader | 1,158 Posts
daily closed 8 min ago.
buy G/C
congratulations everybody - reckon you guys are getting better at picking the right trades
E/CH probably not good enough. lets wait what the chief says.
buy G/C
congratulations everybody - reckon you guys are getting better at picking the right trades
E/CH probably not good enough. lets wait what the chief says.
- #4,569
- Sep 26, 2016 4:12pm Sep 26, 2016 4:12pm
- Joined Jan 2015 | Status: Trader | 1,533 Posts
daily closed 8 min ago. buy G/C congratulations everybody - reckon you guys are getting better at picking the right trades
- #4,572
- Sep 26, 2016 4:18pm Sep 26, 2016 4:18pm
Entry point it's not so easy task , because , there are many setups sometimes , but the key is to pick up the good one..how can we achive this ?..well, I noticed some issues with some setup oportunities..I will not take a trade ,when the candles are very small body candles, large body and momentum are good ..I will not take the trade if the candle is 20-30 pips, with big upper wick , because it may be only a little correction of the present trend . Next devil - the sideways..when I see that price is ranging from past few days and almost every candle is touching SMA ,I can consider this trade , only when I will se a momentum - much ,much bigger candle with larger body than the previous ones..but still..not a perfect setup,so while I am taking the entries I am looking at the wicks, body and size of the candle , sideways..that's why the entry setup rule is little flexible. While you want to go long , the candle should not have a long upper wick and vice versa, while you want to go short , the lower wick of the candle should not be large..
People are trying to be in the trade,every single day, so there are forcing the rules to pull the trigger with any of the setup, just to be in some kind of trade, engaging little fear ,that they can lose oportunity to make money..Sometimes ,no trade is also a trade.
And about the BB , I personally use them ,not for the TP timing , but for the entry setups. I like the situation, when the price was touching the lower/higher BB and after that the candle is making a momentum with crossed SMA..but only if the BB was NOT very tight ,wtih small distance between them. I hope it will help you , with making your choices .Below some pictures of sideways, momentum , wicks, etc
1. momentum , price bounced from lower BB , clearley crossed SMA - good setup
2. sideways,very "undecided" small candle - not a good setup
3. momentum , price pulled back after higher BB , clearly crossed the sma - good setup
4. sideways ,price crossed sma but previous canldes was ranging in sideways,not a momentum - bad setup
People are trying to be in the trade,every single day, so there are forcing the rules to pull the trigger with any of the setup, just to be in some kind of trade, engaging little fear ,that they can lose oportunity to make money..Sometimes ,no trade is also a trade.
And about the BB , I personally use them ,not for the TP timing , but for the entry setups. I like the situation, when the price was touching the lower/higher BB and after that the candle is making a momentum with crossed SMA..but only if the BB was NOT very tight ,wtih small distance between them. I hope it will help you , with making your choices .Below some pictures of sideways, momentum , wicks, etc
1. momentum , price bounced from lower BB , clearley crossed SMA - good setup
2. sideways,very "undecided" small candle - not a good setup
3. momentum , price pulled back after higher BB , clearly crossed the sma - good setup
4. sideways ,price crossed sma but previous canldes was ranging in sideways,not a momentum - bad setup
Read 1st post , if you don't understand something , then , ask a question
- #4,575
- Sep 26, 2016 4:23pm Sep 26, 2016 4:23pm
- Joined Jan 2015 | Status: Trader | 1,533 Posts
{quote} Performance Summary Setups from previous week G/A +600 Pips!!!!!! (Second Position) G/CHF + 360 Pips!!| (Second Position) A/U + 101 Pips! (Second Positon) EUR/CHF +10 Pips (Second Position Closed) Setups from Sunday A/CHF +42 Pips (Second Position Closed) E/CAD + 38 Pips (Second Position Closed) E/AUD +160 Pips! (Second Position) Setup from Wednesday USD/CAD ( 1st Position +60 Pips, 2nd Position Breakeven -15 pips Closed) Setups from Thursday GBP/NZD + 5 Pips (Reversed after 60 pips profit) NZD/CAD - 5 Pips (Revered after 78 pips profit...
Setups from previous week
- G/A +617 Pips!!!!!! (Second Position)
- G/CHF + 350 Pips!!| (Second Position)
- A/U + 117 Pips! (Second Positon)
- E/A + 150 Pips! (Second Position)
- G/N + 30 Pips (First Position)... -60 Pips (Second Position )
- N/CAD + 20 Pips (First Position) -80 Pips (Second Position)
Setups from Sunday
- A/CHF - 20 Pips
- E/J - 47 Pips
So far we have only one loser in last 3 weeks!!! ( We may add some more soon )
Today's Setups
Long GBP/CAD and EUR/CHF
Thank you very much for your support. Good Luck!
{quote} Performance Summary Setups from previous week G/A +617 Pips!!!!!! (Second Position) G/CHF + 350 Pips!!| (Second Position) A/U + 117 Pips! (Second Positon) G/N + 30 Pips (First Position)... -60 Pips (Second Position ) N/CAD + 20 Pips (First Position) -80 Pips (Second Position) Setups from Sunday A/CHF - 20 Pips E/J - 47 Pips So far we have only one loser in last 3 weeks!!! ( We may add some more soon
Thank you for the system.
- #4,579
- Sep 26, 2016 4:39pm Sep 26, 2016 4:39pm
- | Membership Revoked | Joined Mar 2016 | 1,615 Posts
Performance Summary
Setups from previous week
- G/A +617 Pips!!!!!! (Second Position)
- G/CHF + 350 Pips!!| (Second Position)
- A/U + 117 Pips! (Second Positon)
- E/A + 150 Pips! (Second Position)
- G/N
...
usdcad shot sl hit
