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Monthly Profit - Daily Trading using SMA

  • #4,581
  • Sep 26, 2016 4:41pm Sep 26, 2016 4:41pm
Hi,
I'm in for the EUR/CHF but GBP/CAD is not offered in my mini account. Cheers & thanks
  • #4,582
  • Sep 26, 2016 4:57pm Sep 26, 2016 4:57pm
Gov Peloz speaks in 1 hr which could affect the cad
  • #4,583
  • Sep 26, 2016 5:05pm Sep 26, 2016 5:05pm
Hello. GC. Long. No 1. 1,71609 Nr. 2. 1,71614 Thank you. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #4,584
  • Sep 26, 2016 5:06pm Sep 26, 2016 5:06pm
Today's Setups

XAGUSD Sell
NZDCAD Buy
GBPCAD Buy
EURCHF Buy
EURAUD Buy
  • #4,585
  • Sep 26, 2016 5:24pm Sep 26, 2016 5:24pm
Quoting Ghibli
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...
These should be in the top of the page thanc you Ghibri
  • #4,586
  • Sep 26, 2016 5:26pm Sep 26, 2016 5:26pm
Quoting stu
{quote} I can't remember if this breaks the rules but I don't think the long wicks as displayed in the GBP/CAD invalidate it. Previous candle a great reversal indicator plus the bulk of the wick of the current candle is at the bottom, so this is a good bearish candle.
What's all the talk about long wicks?

Did I miss something in Post #1?

I remember it said something about "Candle has clearly crossed"

What do you see?



Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-27_8-23-26.png Size: 90 KB
It takes a lot for me to IGNORE you, but you can try.
  • #4,587
  • Sep 26, 2016 5:27pm Sep 26, 2016 5:27pm
Quoting yonnie
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.
yonnie, how many trades do you take per week on average?
  • #4,588
  • Sep 26, 2016 5:29pm Sep 26, 2016 5:29pm
Quoting mizi123
{quote} These should be in the top of the page thanc you Ghibri
Thank you very much Mizi
Read 1st post , if you don't understand something , then , ask a question
  • #4,589
  • Sep 26, 2016 5:33pm Sep 26, 2016 5:33pm
I noticed that your two picks Bk8 were below the middle BB line. Showing that I'm paying attention :-)
  • #4,590
  • Sep 26, 2016 5:35pm Sep 26, 2016 5:35pm
Quoting laikos
Hi, I'm in for the EUR/CHF but GBP/CAD is not offered in my mini account. Cheers & thanks
try these .....
Attached Image (click to enlarge)
Click to Enlarge Name: bk.png Size: 29 KB
  • #4,591
  • Sep 26, 2016 5:38pm Sep 26, 2016 5:38pm
Quoting Erebus
{quote} What's all the talk about long wicks? Did I miss something in Post #1? I remember it said something about "Candle has clearly crossed" What do you see? {image}
Yes, you are right . This is a good setup for buy..the long wick in on the low of the candle ,so even better - bulls takes controll.. if the wick is on the top of the candle ( high of the candle ) then it could be , not a great setup for buy.
Read 1st post , if you don't understand something , then , ask a question
  • #4,592
  • Sep 26, 2016 5:39pm Sep 26, 2016 5:39pm
Quoting Pipglutton
My first effort Guys.
BUT , you haven't weaned yourself off those other indicators yet, but do we really need to see them?

TIP - Make a plain 5 SMA template to use only for posting charts to this thread, after, you can re-apply your own template for private viewing and trading purposes

It takes a lot for me to IGNORE you, but you can try.
  • #4,593
  • Sep 26, 2016 5:43pm Sep 26, 2016 5:43pm
Quoting Ghibli
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 opportunity to make money..Sometimes, no trade is also a trade.
Yes, that's a really good information post, good knowledge of Price Action

And the thing about wanting to be in a trade, we discussed that earlier - FOMO

Fear Of Missing Out
It takes a lot for me to IGNORE you, but you can try.
  • #4,594
  • Sep 26, 2016 5:46pm Sep 26, 2016 5:46pm
Quoting Erebus
{quote} What's all the talk about long wicks? Did I miss something in Post #1? I remember it said something about "Candle has clearly crossed" What do you see? {image}
The words pin bar off S/R and bullish engulfing come to mind
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,595
  • Sep 26, 2016 5:47pm Sep 26, 2016 5:47pm
Quoting Erebus
{quote} Yes, that's a really good information post, good knowledge of Price Action And the thing about wanting to be in a trade, we discussed that earlier - FOMO Fear Of Missing Out
Read 1st post , if you don't understand something , then , ask a question
  • #4,596
  • Sep 26, 2016 5:50pm Sep 26, 2016 5:50pm
Well, ran into an unexpected hiccup today. Apparently, I need a new broker. Even doing 5% risk on the SL and only being in EJ and AUDCHF, I didn't catch that the margin requirement was crazy high on a 50:1 leveraged account and was margined on my EJ trade. Pretty aggravating.
  • #4,597
  • Sep 26, 2016 6:06pm Sep 26, 2016 6:06pm
Quoting Ghibli
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...
Hi Ghibli,
From looking at dozens of charts I think your summation here of good setups particularly about the way you use the bollinger bands is spot on.Thanks for this analysis.
  • #4,598
  • Sep 26, 2016 6:06pm Sep 26, 2016 6:06pm
Quoting FX-Flux
Im going to upload a video shortly that demonstrates the importance of using the breakeven tactic, that is after 1 candle that proved not to be profitable. Because right now it appears to be quite random on how we decide how we move to breakeven. However, we do set a specific SL after all, and people do state to stick to that breakeven as part of the strategy.
Looking forward to watching, I can say for everyone that we appreciate you taking the time and effort!
  • #4,599
  • Sep 26, 2016 6:08pm Sep 26, 2016 6:08pm
Quoting Brian214
{quote} Hi Ghibli, From looking at dozens of charts I think your summation here of good setups particularly about the way you use the bollinger bands is spot on.Thanks for this analysis.
Thank you Brian

few minutes to red CAD news..
Read 1st post , if you don't understand something , then , ask a question
  • #4,600
  • Sep 26, 2016 7:12pm Sep 26, 2016 7:12pm
Eur/jpy sl triggered..
I Will Never Give Up
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