Monthly Profit - Daily Trading using SMA | Page 277 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #5,521
  • Oct 4, 2016 9:33am Oct 4, 2016 9:33am
Quoting Prax
Hi, I've been watching this thread with interest for a couple of weeks - looks like a good strategy so thx to BK8 and all the other positive contributors. I entered my first trade on the AUD/JPY, I took 50% profit after the first daily close and am now up around 95 pips on the 2nd part of the trade. It seems price is hitting the upper BB and also nearing a strong SR level so I'm looking to exit - anyone agree or disagree with this?
You've recognised a barrier and you're plus pips - my advice "A Bird In The Hand is Worth 2 in the Bush", cheers M
  • #5,522
  • Oct 4, 2016 9:58am Oct 4, 2016 9:58am
Quoting Mathy
{quote} You've recognised a barrier and you're plus pips - my advice "A Bird In The Hand is Worth 2 in the Bush", cheers M
I pushed my TP to 110 pips and just hit it, so 150 pips in total from my first attempt at this strategy. I normally trade PA so this "fits" very well with that - hope to post a bit more on here and contribute to the positive side
  • #5,523
  • Oct 4, 2016 3:11pm Oct 4, 2016 3:11pm
Hey guys, could some one explain the TP/SL technique to this strategy? I have been looking through page after page on this thread and following it since day one but still do not really understand it fully.

Great thread and thanks to everyone for contributing, especially BK8!
  • #5,524
  • Oct 4, 2016 3:16pm Oct 4, 2016 3:16pm
Quoting Gniraw
Hey guys, could some one explain the TP/SL technique to this strategy? I have been looking through page after page on this thread and following it since day one but still do not really understand it fully. Great thread and thanks to everyone for contributing, especially BK8!

U can set ur SL/TP using by B-Band (upper & lower Band ) one band is sl then another band is tp.
Any broker, same result
  • #5,525
  • Oct 4, 2016 3:19pm Oct 4, 2016 3:19pm
Quoting Gniraw
Hey guys, could some one explain the TP/SL technique to this strategy? I have been looking through page after page on this thread and following it since day one but still do not really understand it fully. Great thread and thanks to everyone for contributing, especially BK8!
It is on page 1, very clear.
  • #5,526
  • Oct 4, 2016 3:22pm Oct 4, 2016 3:22pm
Hello traders,

This info is for after the market closes.
Check out this video on UTUBE. "BILLION DOLLAR DAY", 1986 DOC.
This is who you are trading against!!!
  • #5,527
  • Oct 4, 2016 3:45pm Oct 4, 2016 3:45pm
Quoting yonnie
{quote} 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
Attached Image


I guess i was lucky
  • #5,528
  • Oct 4, 2016 3:47pm Oct 4, 2016 3:47pm
have to go out now, so will give my view early.
daily close in 13 min.
looked at A/U, C/J and E/A and liked C/J the best.
could have bought in earlier, but still has a lot of room to move towards the last swings high as it is coming off a low base.
buy C/J
  • #5,529
  • Oct 4, 2016 3:52pm Oct 4, 2016 3:52pm

  1. Take 2 positions of same setup, and close the first setup after taking profit on same day and leave the another setup to run forever - What if we are at a loss the first day? Do we keep both positions open still and until they hit the SL?
  2. Keep moving SL for second setup as per S&R - Were do we find the S&R from BB or PA?
  3. You may exit when candle touches/cross BB top/bottom line - Is this referring to the second position only?
  4. You may exit from second position if you have minimum 3 candles profit as part of 1:3 strategy. Understand this.
  5. You may exit on breakeven if setup goes in opposite direction. Understand this.

  • #5,530
  • Oct 4, 2016 3:59pm Oct 4, 2016 3:59pm
Short AUDUSD. You might as well wait for the candle close.
Attached Image
  • #5,531
  • Oct 4, 2016 4:01pm Oct 4, 2016 4:01pm
Quoting yonnie
have to go out now, so will give my view early. daily close in 13 min. looked at A/U, C/J and E/A and liked C/J the best. could have bought in earlier, but still has a lot of room to move towards the last swings high as it is coming off a low base. buy C/J
U buy CADJPY?? If so its way more than too late
  • #5,532
  • Oct 4, 2016 4:04pm Oct 4, 2016 4:04pm
Hello traders,

JUST A CHART TO PONDER ABOUT. All vertical YELLOW lines are NFP- FIRST FRIDAY OF NEW MONTH.
How did the 5-0, 5-5 CROSSES come out? Starts in MAY, could not fit any more in and be able to see clearly.
FOOD FOR THE MIND!
Attached Image (click to enlarge)
Click to Enlarge Name: FXCM MetaTrader 4.png Size: 115 KB
  • #5,533
  • Oct 4, 2016 4:04pm Oct 4, 2016 4:04pm
Quoting suirad0
{quote} U buy CADJPY?? If so its way more than too late
Yes that i was thinking
  • #5,534
  • Oct 4, 2016 4:14pm Oct 4, 2016 4:14pm
EUR/AUD long
USD/CAD long
NZD/USD short
  • #5,535
  • Oct 4, 2016 4:16pm Oct 4, 2016 4:16pm
NZDUSD short
  • #5,536
  • Oct 4, 2016 4:19pm Oct 4, 2016 4:19pm
Quoting nwannao
Short AUDUSD. You might as well wait for the candle close. {image}
AUD/USD is this one a trading a little sideways?
  • #5,537
  • Oct 4, 2016 4:21pm Oct 4, 2016 4:21pm
I can only trade 28 pairs because of my small account size. Of those that crossed only AUDUSD and XAGUSD look to be worth anything. The rest are either withing a Master Candle, going against the wider trend or near a good solid S/R. XAGUSD had a huge drop yesterday and has a great angle on the TDI. I will try this trade. The AUDUSD is in an uptrend, the breaks against the trend and not near any good resistance. If taken it wouldn't be an A++ setup.
Gentlemen always play by the rules, if they can't, they change them.
  • #5,538
  • Oct 4, 2016 4:28pm Oct 4, 2016 4:28pm
Quoting Bk8
{quote} Performance Summary (Open Positions as of 29-Sept-2016) Setups from previous week G/N -160 Pips (SL Triggered) N/CAD -10 pips (Second Position) G/C - 225 pips (SL triggered) E/CHF +5 Pips GBP/CHF - 143 pips (SL Triggered) USD/CAD - 26 pips 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.
Performance Summary (Open Positions as of 03-Oct-2016)

Setups from previous week

 

  1. N/CAD +37 pips (Second Position)
  2. E/CHF +60 Pips
  3. USD/CAD - 90 pips
  4. EUR/AUD Breakeven


Setup from Sunday

  1. A/J +72 Pips (Second Position)

No Setups for Today.

Thank you very much for your support.

  • #5,539
  • Oct 4, 2016 4:30pm Oct 4, 2016 4:30pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting Gniraw
Take 2 positions of same setup, and close the first setup after taking profit on same day and leave the another setup to run forever - What if we are at a loss the first day? Do we keep both positions open still and until they hit the SL? Keep moving SL for second setup as per S&R - Were do we find the S&R from BB or PA? You may exit when candle touches/cross BB top/bottom line - Is this referring to the second position only? You may exit from second position if you have minimum 3 candles profit as part of 1:3 strategy. Understand this. You may...
I understand this:

1.- Then you will close both positions after the SL has been touched in the first day

2.- S/R are sttong S/R that you find in the chart

3.- Yes, it only refers to the second position
  • #5,540
  • Oct 4, 2016 4:31pm Oct 4, 2016 4:31pm
Quoting Karemi-Trade
EUR/AUD long USD/CAD long NZD/USD short
E/A pick of the bunch - have gone Long.

USD/CAD - very very choppy - giving this a miss.
NZD/USD - hitting bottom BB - giving this a miss.

Cheers
8 traders viewing now