Monthly Profit - Daily Trading using SMA | Page 273 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #5,441
  • Oct 3, 2016 11:35am Oct 3, 2016 11:35am
Quoting liberty71
{quote} But you never saw SMA 5 Shift 0 as a mistake all the while when it was delivering hundreds of green pips. because of a day or two loses, yo now think it was a mistake? Even your SMA 5 shif 3 would have it's red days...no strategy can escape the red days. 5 shift 0 is perfect as it is and as it continue to deliver its hundred and thousands of pips for us, we would also be more conscious and prepared to avoid the red days especially now that we have experienced it.
Ahh, Good Talk, that's the spirit. The kind we looking for in here.

Meanwhile I haven't taken any trades in a while now, bcos the markets are all choppy across the board.
Hope it will find its rhythm soon. Am itchy itchy!
  • #5,442
  • Oct 3, 2016 11:45am Oct 3, 2016 11:45am
Quoting liberty71
{quote} But you never saw SMA 5 Shift 0 as a mistake all the while when it was delivering hundreds of green pips. because of a day or two loses, yo now think it was a mistake? Even your SMA 5 shif 3 would have it's red days...no strategy can escape the red days. 5 shift 0 is perfect as it is and as it continue to deliver its hundred and thousands of pips for us, we would also be more conscious and prepared to avoid the red days especially now that we have experienced it.
The problem is not the system, is the MM...
  • #5,443
  • Oct 3, 2016 11:48am Oct 3, 2016 11:48am
Quoting mil19793
{quote} With sma5 shift3 no entry.I think it was a mistake to change the settings on sma5 just more false entry.
I must say that ....
Is not important what you think important is statistic...
Proof to us and yourself this making comparison with backtests for last year and show results ... this is what matters not what you think... sorry
  • #5,444
  • Oct 3, 2016 12:13pm Oct 3, 2016 12:13pm
Quoting chiche
{quote} The problem is not the system, is the MM...
It is true, any ideas? I prefer 2 position,first rrr 1 next rrr 2-3.
  • #5,445
  • Oct 3, 2016 12:38pm Oct 3, 2016 12:38pm
Quoting mil19793
{quote} With sma5 shift3 no entry.I think it was a mistake to change the settings on sma5 just more false entry.
i am 100% agree with u
  • #5,446
  • Oct 3, 2016 3:08pm Oct 3, 2016 3:08pm
I dont see any good setup today,all over big support and resistances
  • #5,447
  • Oct 3, 2016 3:11pm Oct 3, 2016 3:11pm
Quoting BlackNapkins
{quote} I must say that .... Is not important what you think important is statistic... Proof to us and yourself this making comparison with backtests for last year and show results ... this is what matters not what you think... sorry
I totally agree with you and maybe if someone would have the necessary time, means and kindness to do the research it would be a good idea to compare shift 0, 1 (the one I am tempted to adopt but confidentially of course ), 2 and 3 would be great, so we would all be fixed once for all.
I used to be indecisive but now I'm not so sure...
  • #5,448
  • Oct 3, 2016 3:21pm Oct 3, 2016 3:21pm
Quoting ficibald
I dont see any good setup today,all over big support and resistances
Me too, no trade today...
  • #5,449
  • Oct 3, 2016 3:43pm Oct 3, 2016 3:43pm
Quoting nwannao
Long USDCHF {image}
looking at your chart, I would never haven taken this trade.
the signal candle has a large wick, so the momentum is lost
sideways action
resistance ahead soon at around 0.9815.
good luck with your trade
  • #5,450
  • Oct 3, 2016 3:54pm Oct 3, 2016 3:54pm
Quoting BlackNapkins
{quote} I must say that .... Is not important what you think important is statistic... Proof to us and yourself this making comparison with backtests for last year and show results ... this is what matters not what you think... sorry
agree completely with the statistics.
this whole business is about the numbers.
if I enter here: what is the success rate in similar conditions
if I take profit here: is that at the best time on average considering the volatility
and my SL: is that in the right spot looking back at my past trades
it all comes down to writing down your trades in such away, that all those questions will be answered in the future.
only then will you be able to get sharper all the time and be at the top of your game.
but that's a journey you have to embrace for the next 5 years or so.
  • #5,451
  • Oct 3, 2016 3:59pm Oct 3, 2016 3:59pm
daily candle closing soon.
no trades for me today.
  • #5,452
  • Oct 3, 2016 4:01pm Oct 3, 2016 4:01pm
still,no trades for me..
Read 1st post , if you don't understand something , then , ask a question
  • #5,453
  • Oct 3, 2016 4:05pm Oct 3, 2016 4:05pm
I am noticed that now we are taking very few trades. No more good opportunity on daily basis.
I Win, I Lose, It's my Job... And I Love it!
  • #5,454
  • Oct 3, 2016 4:14pm Oct 3, 2016 4:14pm
I am reading this thread for more than a month now but I am seeing that none of the top posters including the owner of the thread is showing a TE to convince the others that he is really trading what he says and show his limits, stops and exit prices
  • #5,455
  • Oct 3, 2016 4:17pm Oct 3, 2016 4:17pm
I was ready to "pull the trigger" today after I've finished reading the whole thread, but unfortunatelly no proper setups for today (scanned 32 pairs, only 5 SMA crosses).
  • #5,456
  • Oct 3, 2016 4:20pm Oct 3, 2016 4:20pm
Quoting Bk8
{quote} Performance Summary (Open Positions as of 29-Sept-2016) Setups from previous week G/A +570 Pips!!!!! (Second Position Closed) G/N + 30 Pips (First Position)... -80 Pips (Second Position ) N/CAD + 20 Pips (First Position) -40 pips (Second Position) Setups from Monday G/C + 20 Pips (First Position) - 135 pips (second Position) E/CHF +5 Pips Setups from Tuesday GBP/CHF - 48 pips Setups from Wednesday USD/CAD - 24 pips Setups from Thursday EUR/AUD -37 pips So far we have 5 losers in last 4 weeks! We lost 4 setups this week...horrible week ...
Performance Summary (Open Positions as of 29-Sept-2016)

Setups from previous week

 

  1. G/N -160 Pips (SL Triggered)
  2. N/CAD -10 pips (Second Position)
  3. G/C - 225 pips (SL triggered)
  4. E/CHF +5 Pips
  5. GBP/CHF - 143 pips (SL Triggered)
  6. USD/CAD - 26 pips
  7. EUR/AUD -97 pips

So far we have 8 losers in last 4 weeks! We lost 7 setups last week...horrible week

Setup from Sunday

A/J +50 Pips

No Setups for Today.


Thank you very much for your support.

  • #5,457
  • Oct 3, 2016 4:21pm Oct 3, 2016 4:21pm
Quoting trader700
I am reading this thread for more than a month now but I am seeing that none of the top posters including the owner of the thread is showing a TE to convince the others that he is really trading what he says and show his limits, stops and exit prices
Yep, unfortunately it's dying slowly when it was going good everyone is shouting and raving, as soon as it starts to fail like it has recently, everybody runs away, typical.
  • #5,458
  • Oct 3, 2016 4:29pm Oct 3, 2016 4:29pm
Quoting deankenny21
{quote} Yep, unfortunately it's dying slowly when it was going good everyone is shouting and raving, as soon as it starts to fail like it has recently, everybody runs away, typical.
we hawe to be patient eveything will bee good
  • #5,459
  • Oct 3, 2016 4:29pm Oct 3, 2016 4:29pm
Quoting deankenny21
{quote} Yep, unfortunately it's dying slowly when it was going good everyone is shouting and raving, as soon as it starts to fail like it has recently, everybody runs away, typical.
For me , I never trade MA's In my opinion the MA is following the price not the opposite so 90% of trades based on MA any Ma are losing trades specially in sideways markets
  • #5,460
  • Oct 3, 2016 4:37pm Oct 3, 2016 4:37pm
Quoting deankenny21
{quote} Yep, unfortunately it's dying slowly when it was going good everyone is shouting and raving, as soon as it starts to fail like it has recently, everybody runs away, typical.
I don't think it's dying. There are no trades atm, so there is no reason for people to post here. They will come back as soon as good opportunities pop up.

Just stay disciplined and keep your powder dry. Nothing to worry about.
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