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Monthly Profit - Daily Trading using SMA

  • #4,601
  • Sep 26, 2016 7:21pm Sep 26, 2016 7:21pm
Quoting mizi123
{quote} try these ..... {image}
Hi mizi123,
Thanks for the suggestion but it is a disclosed limitation for fxcm mini account.
  • #4,602
  • Sep 26, 2016 7:31pm Sep 26, 2016 7:31pm
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...
this explanation should help to clear the air thank you
  • #4,603
  • Edited 8:23pm Sep 26, 2016 7:34pm | Edited 8:23pm
Quoting 7Keys
{quote} yonnie, how many trades do you take per week on average?
ah dont know really. too lazy to look it up.
am a swing trader with the trend in mind, so would have a larger SL than with this system.
when I first started out with this system, I took too many trades.
was not used to drilling down so much on the chart looking at every little candle, but am learning.
now I take about the same number of trades per week as Bk8 - what maybe 6-10?

bought U/SGD yesterday though, `cos my broker has it on the list.
have also some trades in equity index futures, but wont go into it.
its better to concentrate on forex first like most people here.
  • #4,604
  • Sep 26, 2016 8:00pm Sep 26, 2016 8:00pm
hi, sorry cant post any charts. is that a incoming short signal for chf/jpy and gbp/nzd?
  • #4,605
  • Sep 26, 2016 8:16pm Sep 26, 2016 8:16pm
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...
Great Stuff, Thanks very much Mr Filip... I have updated #1.
  • #4,606
  • Sep 26, 2016 8:24pm Sep 26, 2016 8:24pm
joining :<)
Holy grail, pls pm
  • #4,607
  • Sep 26, 2016 8:29pm Sep 26, 2016 8:29pm
Finally I closed G/CHF to compensate E/J loss. Still 150+ pips profit after compensating EJ pips.
  • #4,608
  • Sep 26, 2016 8:34pm Sep 26, 2016 8:34pm
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...
Thanks for sharing this
  • #4,609
  • Sep 26, 2016 8:36pm Sep 26, 2016 8:36pm
E/J lost 68 pips.
A/CHF close w 38 pips lost.
total lost - 106pips...
Newbie Noob Trading
  • #4,610
  • Sep 26, 2016 8:50pm Sep 26, 2016 8:50pm
Quoting Bk8
{quote} Great Stuff, Thanks very much Mr Filip... I have updated #1.
@ bolehbah69 , @sdatta - Thank you very much
@Bk8 - Wow , Thank you boss , now I have my little input to the thred

As for trades - Yesterday didn't took E/J and A/CH , but I have still fighting N/C , G/N , G/C - little cheating,because I am selling N/C and buying G/C..
End of past week has opened wider my "approach "eyes ,about picking good setups..Still learning patiently
Read 1st post , if you don't understand something , then , ask a question
  • #4,611
  • Sep 26, 2016 8:51pm Sep 26, 2016 8:51pm
Quoting Smurfy
E/J lost 68 pips. A/CHF close w 38 pips lost. total lost - 106pips...
Same here. Cut loss early for both.
Hi Bk8 how did you come out profit for euryen and Audchf?
Thanks
  • #4,612
  • Sep 26, 2016 9:02pm Sep 26, 2016 9:02pm
Quoting josephkee
{quote} Same here. Cut loss early for both. Hi Bk8 how did you come out profit for euryen and Audchf? Thanks
I don't think he came out with profit from EJ, his position from G/CHF a while ago that he has now closed compensated him for the loss.
  • #4,613
  • Sep 26, 2016 9:07pm Sep 26, 2016 9:07pm
EJ shot up after 0800 GMT +8. Réaction to some news perhaps?
  • #4,614
  • Sep 26, 2016 9:30pm Sep 26, 2016 9:30pm
Quoting PipThePanda
{quote} I don't think he came out with profit from EJ, his position from G/CHF a while ago that he has now closed compensated him for the loss.
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  • #4,615
  • Sep 26, 2016 9:35pm Sep 26, 2016 9:35pm
Quoting Smurfy
E/J lost 68 pips. A/CHF close w 38 pips lost. total lost - 106pips...
In terms of pip count, you should multiply them by 2 as profits from trades are counted as first position plus second position. You are trading two positions per trade.

Regards,
Blackeagle
  • #4,616
  • Sep 26, 2016 9:36pm Sep 26, 2016 9:36pm
I have kept my AUDCHF short still open. Also opening EARAUD long.
  • #4,617
  • Sep 26, 2016 9:48pm Sep 26, 2016 9:48pm
EJ - Stop loss hit.
  • #4,618
  • Sep 26, 2016 9:51pm Sep 26, 2016 9:51pm
This is the current view for GBPCAD for GMT -4 broker and still 75 minutes to go to close daily bar. Considering Ghibli's perfect analysis of price action entry setups, it is definitely a no go. But for other brokers, I agree that it is a good buy setup. Re. EURJPY and AUDCHF setups, EURJPY has been stopped out, but I believe AUDCHF should still be open until stopped out. When entering a trade, you need to define your risk by adjusting your trade size, and if a trade goes against you, you should stay in trade until it is stopped out as you accept what you are going to lose when opening the position.

Regards,
Blackeagle
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  • #4,619
  • Sep 26, 2016 9:57pm Sep 26, 2016 9:57pm
Quoting haemdoc
I have kept my AUDCHF short still open. Also opening EARAUD long.

good on ya mate, show us how it's done!!!

It takes a lot for me to IGNORE you, but you can try.
  • #4,620
  • Sep 26, 2016 9:58pm Sep 26, 2016 9:58pm
Quoting haemdoc
I have kept my AUDCHF short still open. Also opening EARAUD long.
By doing so, actually you are kind of doubling your position and doubling your risk, because EUR and CHF are generally moving in tandem (have a look at EURCHF weekly since August 2015, you'll see that the pair moves around 1.0900 +/- 100 (excluding some volatile times)).

Regards,
Blackeagle
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