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Monthly Profit - Daily Trading using SMA

  • #4,761
  • Sep 27, 2016 1:38pm Sep 27, 2016 1:38pm
Quoting rabhni
Possible setups for today EUR/AUD - Sell AUD/CHF - Buy Both are closer to the BB outer line Trades forming - GBP/USD, GBP/SGD, NZD/CHF, GBP/CHF - Buy
Hi rabhni , we are looking for outer line on BB , but not in this situation we want to go buy whenever price was touching or was close to the lower BB - if we want to BUY ,and vice versa..if the price was close to the upper BB , we are looking for short opportunity.. so sorry ,but your E/A and A/Ch are not good setups . On E/A the price is close to lower BB and you want to sell and on E/A price is close to upper BB and you want to buy..so it's not good..
Read 1st post , if you don't understand something , then , ask a question
  • #4,762
  • Sep 27, 2016 1:38pm Sep 27, 2016 1:38pm
Quoting Bk8
{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) 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!
HI, How can the two Sunday positions be with those results, unless you closed them early, and not let them run to SL?
  • #4,763
  • Sep 27, 2016 1:40pm Sep 27, 2016 1:40pm
Quoting Bk8
{quote} No we never close setups if not profitable...
If you did not close them early, then why were your SL's so close to the entry price?
  • #4,764
  • Sep 27, 2016 1:41pm Sep 27, 2016 1:41pm
Quoting Bk8
{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) 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!
Weren't AUDCHF and EURJPY losers ?
  • #4,765
  • Sep 27, 2016 1:47pm Sep 27, 2016 1:47pm
Quoting tomuks
{quote} When the trade goes wrong after first candle you put SL to breakeven, or i read it wrong?
in this case if you get to 50 pips profit you move to break even. I was just experimenting since some of us close when the trend doesn't pick up right away.
So many in the Commercial section want to make me rich! :o
  • #4,766
  • Sep 27, 2016 2:02pm Sep 27, 2016 2:02pm
Quoting shimmering
{quote} Weren't AUDCHF and EURJPY losers ?
They are losers for me + NZDCAD + GPBUSD (Friday)...Not a good week... Fortunately I was in GBPAUD ... So still profitable
  • #4,767
  • Sep 27, 2016 2:25pm Sep 27, 2016 2:25pm
Quoting dnl
{quote} i hope you are using MM. in daily candle trading we use bigger pips (SL and TP) just make sure you know how much risk you can take on a single trad dont just follow ppl trade. please understand the rulese position. if the real (last candle) size SL is to big for you to take, you can use manual stop loss once the $ DD is over than your MM risk. note: and risk first.. we cant win them all
Amazing how knowledgeable people are that have been registered on FF for an entire two months....WOW!
  • #4,768
  • Sep 27, 2016 2:37pm Sep 27, 2016 2:37pm
Quoting shimmering
{quote} HI, How can the two Sunday positions be with those results, unless you closed them early, and not let them run to SL?
Sundays setups hit SL last night, these will be included in todays performance summary... where is the confusion?
  • #4,769
  • Sep 27, 2016 2:38pm Sep 27, 2016 2:38pm
Quoting shimmering
{quote} Weren't AUDCHF and EURJPY losers ?
Validate your question yourself please
  • #4,770
  • Sep 27, 2016 2:55pm Sep 27, 2016 2:55pm
Maybe Today's upcoming valid trade .................... Need to wait more 1 hours .
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Any broker, same result
  • #4,771
  • Sep 27, 2016 2:55pm Sep 27, 2016 2:55pm
Don't forget about these guys
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  • #4,772
  • Sep 27, 2016 3:01pm Sep 27, 2016 3:01pm
lets regroup. a few losses is nothing. we all have them.
dont pay any attention to people, who so freely share their views post after post after a little mishap.
experienced traders wont do that. they might steer you in the right direction with a few words.
more impressed with what Larshw is saying, although we dont take the trend in account here.
thank you Bk8 and hope am still your lucky charm and your friend
  • #4,773
  • Sep 27, 2016 3:28pm Sep 27, 2016 3:28pm
Quoting mjavedh
Maybe Today's upcoming valid trade .................... Need to wait more 1 hours . {image}
EURNZD at the MA at my chart, no clear cross
However, NZDCHF looks like to cross MA

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  • #4,774
  • Sep 27, 2016 3:28pm Sep 27, 2016 3:28pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Look at these ones: eurmxn and usdmxn
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  • #4,775
  • Sep 27, 2016 3:29pm Sep 27, 2016 3:29pm
Quoting Larshw
Hello all I have been following this discussion for some time now, and thought I would give my input. I have been trading much in the same way for a few years now, and I would define myself as a swing trader. I trade on the daily charts, with S&R areas, Fibs and Stochastic as indicators. I strongly belive you are on the right path with this trading method, but I would like to suggest for most people to take "a step back" and look at the bigger picture for each trade in order to increase your win-rate per trade. Is the trigger candle heading into...
Thanks Larshw, Great post. After a couple of bad trades using this system (It happens with any system so not bothered in the slightest) I was thinking for myself personally looking at a larger TF to confirm trend will be a great way of validating the trades.
  • #4,776
  • Sep 27, 2016 3:31pm Sep 27, 2016 3:31pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
And perhaps gbpusd and nzdusd?
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  • #4,777
  • Sep 27, 2016 3:38pm Sep 27, 2016 3:38pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
The best ones right now, before the close: gbpchf, euraud and audchf.

Do you agree, mates?
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  • #4,778
  • Sep 27, 2016 3:39pm Sep 27, 2016 3:39pm
Quoting Larshw
Hello all I have been following this discussion for some time now, and thought I would give my input. I have been trading much in the same way for a few years now, and I would define myself as a swing trader. I trade on the daily charts, with S&R areas, Fibs and Stochastic as indicators. I strongly believe you are on the right path with this trading method, but I would like to suggest for most people to take "a step back" and look at the bigger picture for each trade in order to increase your win-rate per trade. Is the trigger candle heading into...
EURAUD a good example today, has been in a downtrend, a few days retracement, big down day, ready to break support, what do your charts say?
It takes a lot for me to IGNORE you, but you can try.
  • #4,779
  • Sep 27, 2016 3:39pm Sep 27, 2016 3:39pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting PipThePanda
{quote} Thanks Larshw, Great post. After a couple of bad trades using this system (It happens with any system so not bothered in the slightest) I was thinking for myself personally looking at a larger TF to confirm trend will be a great way of validating the trades.
Fully agree with you two and shum...
  • #4,780
  • Sep 27, 2016 3:40pm Sep 27, 2016 3:40pm
Quoting yonnie
lets regroup. a few losses is nothing. we all have them. dont pay any attention to people, who so freely share their views post after post after a little mishap. experienced traders wont do that. they might steer you in the right direction with a few words. more impressed with what Larshw is saying, although we dont take the trend in account here. thank you Bk8 and hope am still your lucky charm and your friend
Yes Sir you are Thanks very much for your support!

I must acknowledge that earlier I did not mind losing some setups but now I feel very bad when I saw others losing too...
Out of 3 losers + 2 negative (recovering) in last 4 weeks , I think I could have avoided 4 setups but last 3 week's performance made me little over confident, going forward it will always remind me how painful to lose especially when you know setups are weak.
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