Monthly Profit - Daily Trading using SMA | Page 270 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #5,381
  • Oct 2, 2016 10:05am Oct 2, 2016 10:05am
Quote
Lets ignore pessimists and keep moving towards our goal.

Oh yes...
  • #5,382
  • Edited 12:15pm Oct 2, 2016 11:50am | Edited 12:15pm
Quoting BataviaTrade
{quote} same goes for eur/chf ? except for long wick. Does this make it a sideways market? What do we do 2
morrow? {image}
if we want to go long, we are looking for momentum to the upside. bottom got a long wick, but that one is not important.
what is important is the top. no wick there and the close of the day is high in the candle.
larger than average candle = good. so a very nice candle to go long.
but: would prefer that candle to close above the sideways action.
but: not much room left to the resistance ahead; maybe only 1 candle.
no trade for me.
  • #5,383
  • Oct 2, 2016 11:59am Oct 2, 2016 11:59am
Quoting BataviaTrade
How would GBP/JPY qualify for a late entry? {image}
large wick on top of candle - lost momentum - no trade
  • #5,384
  • Oct 2, 2016 12:11pm Oct 2, 2016 12:11pm
What about NZDJPY ?
  • #5,385
  • Edited 3:33pm Oct 2, 2016 12:22pm | Edited 3:33pm
Quoting Bestof27
What about NZDJPY ?
nice candle with good momentum and small top wick.
but: higher previous candle.
not an A1 trade and would be hesitant to enter this one.
Bk8 might take this one though.
maybe wait 1 more day?
  • #5,386
  • Oct 2, 2016 12:30pm Oct 2, 2016 12:30pm
AUDNZD: Would I be found guilty of rules violation if I were to put in a Stop Entry order tonight ?
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  • #5,387
  • Oct 2, 2016 12:55pm Oct 2, 2016 12:55pm
Quoting SnoopyAKQJT
AUDNZD: Would I be found guilty of rules violation if I were to put in a Stop Entry order tonight ? {image}
The system does not use buy/sell stops. Entry is on the open after the signal bar but recommendations are given out by the gurus 15 minutes or so after the open to give more time to evaluate and to let spreads calm down. Though your with FXCM as I am and it can be an hour or more after 5:00 EST before spreads get back to normal.
  • #5,388
  • Oct 2, 2016 1:11pm Oct 2, 2016 1:11pm
Quoting temporal
{quote} The system does not use buy/sell stops. Entry is on the open after the signal bar but recommendations are given out by the gurus 15 minutes or so after the open to give more time to evaluate and to let spreads calm down. Though your with FXCM as I am and it can be an hour or more after 5:00 EST before spreads get back to normal.
Thank you beaucoup!!!
  • #5,389
  • Oct 2, 2016 1:20pm Oct 2, 2016 1:20pm
Quoting SnoopyAKQJT
{quote} Thank you beaucoup!!!
But alors you are French?
I used to be indecisive but now I'm not so sure...
  • #5,390
  • Oct 2, 2016 1:31pm Oct 2, 2016 1:31pm
helloo trader hi i think this candle with small body Upper and lower i think good signal with BK8 Strategy
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  • #5,391
  • Oct 2, 2016 1:33pm Oct 2, 2016 1:33pm
Dear Bk8, dear team,
I need your help to determine if AUDCAD is offering an interesting entry point after signal given on Thrusday's candlestick or if we should avoid it until clearer perspective.
Many thanks for your assistance.


https://www.tradingview.com/x/x5fcj7PU/
I used to be indecisive but now I'm not so sure...
  • #5,392
  • Oct 2, 2016 3:22pm Oct 2, 2016 3:22pm
Quoting Filipo1
{quote} But alors you are French?
Un petit peu seulement, et je ne parle pas courament.
  • #5,393
  • Oct 2, 2016 3:29pm Oct 2, 2016 3:29pm
Quoting Filipo1
Dear Bk8, dear team, I need your help to determine if AUDCAD is offering an interesting entry point after signal given on Thrusday's candlestick or if we should avoid it until clearer perspective. Many thanks for your assistance. https://www.tradingview.com/x/x5fcj7PU/
Filipo - late entries are not according to the rules, but you can do anything you want at home.
  • #5,394
  • Oct 2, 2016 3:31pm Oct 2, 2016 3:31pm
Quoting SnoopyAKQJT
{quote} Un petit peu seulement, et je ne parle pas courament.
Soyez rassuré, vous vous défendez tout à fait honorablement.
I used to be indecisive but now I'm not so sure...
  • #5,395
  • Oct 2, 2016 3:36pm Oct 2, 2016 3:36pm
Quoting Filipo1
{quote} Soyez rassur, vous vous dfendez tout fait honorablement.
Des Francais coll !!!
  • #5,396
  • Oct 2, 2016 3:40pm Oct 2, 2016 3:40pm
Quoting yonnie
{quote} Filipo - late entries are not according to the rules, but you can do anything you want at home.

No really, thank you so much! I am just joking of course
Thanks Yonnie for taking the time to reply. In fact I knew that according the rule you should be ready to enter as soon as the next candlestcks after the signal opens.
However I wonder if you missed the initial entry point if you could take opportunity of a retracement, after all stop-loss orders are here because such temporary moves can occur without necessarily putting the all setup into question, right?
I used to be indecisive but now I'm not so sure...
  • #5,397
  • Oct 2, 2016 3:42pm Oct 2, 2016 3:42pm
Hi all
btw daylight savings started in Australia clock forward 1 hr and its a public holiday today
Ray
  • #5,398
  • Oct 2, 2016 3:46pm Oct 2, 2016 3:46pm
if anybody wants to sell JPY, I would go with A/J as it is the only one which closed above congestion.
also AUD was no 2 in strength last Friday with NZD being the winner.
so if I had to buy something, A/J (preferred) or N/J.
please give me your opinion.
  • #5,399
  • Oct 2, 2016 3:48pm Oct 2, 2016 3:48pm
Quoting yonnie
{quote} if we want to go long, we are looking for momentum to the upside. bottom got a long wick, but that one is not important. what is important is the top. no wick there and the close of the day is high in the candle. larger than average candle = good. so a very nice candle to go long. but: would prefer that candle to close above the sideways action. but: not much room left to the resistance ahead; maybe only 1 candle. no trade for me.
Thanks Yonnie, that is a lot of wisdom here on page 270. Thanks for sharing, I learned a lot.
  • #5,400
  • Oct 2, 2016 3:50pm Oct 2, 2016 3:50pm
Quoting Filipo1
{quote} No really, thank you so much! I am just joking of course Thanks Yonnie for taking the time to reply. In fact I knew that according the rule you should be ready to enter as soon as the next candlestcks after the signal opens. However I wonder if you missed the initial entry point if you could take opportunity of a retracement, after all stop-loss orders are here because such temporary moves can occur without necessarily putting the all setup into question, right?
well it does in a way.
if you enter and that day the market decides against your position, then it just becomes a gamble to enter after.
you could lose small, win big as long as you don't place a higher lot size because of the smaller SL.
ofcourse your number of losers will increase significantly with a smaller SL.
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