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Monthly Profit - Daily Trading using SMA

  • #4,621
  • Sep 26, 2016 10:22pm Sep 26, 2016 10:22pm
A/U is back
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  • #4,622
  • Sep 26, 2016 10:23pm Sep 26, 2016 10:23pm
Quoting Bk8
A/U is back {image}
Oops I forgot to move SL... will do it now
  • #4,623
  • Sep 26, 2016 10:25pm Sep 26, 2016 10:25pm
And so G/A
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  • #4,624
  • Sep 26, 2016 10:29pm Sep 26, 2016 10:29pm
EJ not a good idea to short due to crossed lower bolinger band but the price reaction is immediately upward, if crossed bolinger band, but the price is following the direction, we should join the short..

im talking about the candle in red
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plus the original of price is not from other side of the SMA, it just retrace into it and go down back.

just my opinion, what do you all think?
  • #4,625
  • Sep 26, 2016 10:29pm Sep 26, 2016 10:29pm
AUD/CHF looks bad.. May be I started on a bad week..
  • #4,626
  • Sep 26, 2016 10:32pm Sep 26, 2016 10:32pm
Quoting sdatta
AUD/CHF looks bad.. May be I started on a bad week..
Agree.. reversed after 20 pips
We had 3 wonderful weeks... time to payback some.
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  • #4,627
  • Sep 26, 2016 10:35pm Sep 26, 2016 10:35pm
New Guys - Please stop using foreign language here and stick to pre- defined rules. All analysis should be around rules on #1 only.
  • #4,628
  • Sep 26, 2016 10:37pm Sep 26, 2016 10:37pm
Quoting Bk8
{quote} Agree.. reversed after 20 pips We had 3 wonderful weeks... time to payback some. {image}
I was little reluctant to take the AUDCHF given the wick on the signal candle...may I ask on a older trade .. why did EN not qualify for valid signal (few days back)
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  • #4,629
  • Sep 26, 2016 10:38pm Sep 26, 2016 10:38pm
Quoting Bk8
{quote} Agree.. reversed after 20 pips We had 3 wonderful weeks... time to payback some. {image}
There was similar pattern in Apr, so nothing is wrong with this setup
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  • #4,630
  • Sep 26, 2016 10:40pm Sep 26, 2016 10:40pm
Who is game for nzdcad. Going with weekly trend. Up.
Thanks
  • #4,631
  • Sep 26, 2016 10:42pm Sep 26, 2016 10:42pm
Quoting josephkee
Who is game for nzdcad. Going with weekly trend. Up. Thanks
I am still short... it may go sideways for next few days
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  • #4,632
  • Sep 26, 2016 10:45pm Sep 26, 2016 10:45pm
Quote
I am still short... it may go sideways for next few days
  • #4,633
  • Sep 26, 2016 10:49pm Sep 26, 2016 10:49pm
Quoting Bk8
{quote} I am still short... it may go sideways for next few days {image}
given GN long and GC long... NC should be short.. I entered with a better price...
  • #4,634
  • Sep 26, 2016 10:56pm Sep 26, 2016 10:56pm
Quoting Ghibli
{quote} Hi ,it should be 0
Thank you ghibli
  • #4,635
  • Sep 26, 2016 10:58pm Sep 26, 2016 10:58pm
Hi bk8,

following chart having sideway pattern ?
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  • #4,636
  • Sep 26, 2016 11:28pm Sep 26, 2016 11:28pm
Thanks Bk8 for this great thread. I am not trying to change anything, but trying to understand why it would not be a good idea to set the stop loss to the average candle size of a D1 candle(not the full size but, low to close or high to close)?

Is there because there is typically a support or resistance from the prev candle low or high?
  • #4,637
  • Sep 26, 2016 11:51pm Sep 26, 2016 11:51pm
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...
Well done & thanks for this Ghibli 👍
  • #4,638
  • Sep 27, 2016 12:12am Sep 27, 2016 12:12am
Quoting forexdave1
Thanks Bk8 for this great thread. I am not trying to change anything, but trying to understand why it would not be a good idea to set the stop loss to the average candle size of a D1 candle(not the full size but, low to close or high to close)? Is there because there is typically a support or resistance from the prev candle low or high?
Hi
What would be an average size of a daily candle. You mentioned low to close or high to close of previous candle?
  • #4,639
  • Sep 27, 2016 12:20am Sep 27, 2016 12:20am
Perfect position !
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  • #4,640
  • Sep 27, 2016 12:24am Sep 27, 2016 12:24am
Quoting Erebus
{quote} good on ya mate, show us how it's done!!!
I did not take EAUAUD long eventually. So only AUDCHF short open
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