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Monthly Profit - Daily Trading using SMA

  • #5,561
  • Oct 5, 2016 2:22am Oct 5, 2016 2:22am
Quoting raito
GU on Support, ready for BUY
At the moment, GU has strong fundamentals around it -brexit and the aftermath- and a very strong downward bias.
Don't attempt to buy it now. It will be synonymous with holding a venomous serpent by the tail. Only scalpers can jump in and out to take small quick profits on the short retracements. Smart scalpers will not even attempt to go long on GU at the moment. My 2 cents.
  • #5,562
  • Oct 5, 2016 2:42am Oct 5, 2016 2:42am
Quoting ola08
{quote} At the moment, GU has strong fundamentals around it -brexit and the aftermath- and a very strong downward bias. Don't attempt to buy it now. It will be synonymous with holding a venomous serpent by the tail. Only scalpers can jump in and out to take small quick profits on the short retracements. Smart scalpers will not even attempt to go long on GU at the moment. My 2 cents.
Going long gbpusd now would be totally against our rule here as there is no sma cross. The price is right below the sma in fact. Don't be tempted by the double bottom to long now as fundamentally there are no reason to do so.
Thank you.
  • #5,563
  • Oct 5, 2016 3:09am Oct 5, 2016 3:09am
GU has done its corrective structure pass few day, now going to impulsive movement.. too bad i missed the train.. hope there is some pull back and proper SMA setup prior the NFP to short
  • #5,564
  • Oct 5, 2016 4:24am Oct 5, 2016 4:24am
Quoting yonnie
{quote} didn`t know you took E/CH on Sunday. I did not, `cos I thought it did not have much to run before hitting resistance.
@yonnie - I took A/J on Sunday, E/CHF is from 9/27
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  • #5,565
  • Oct 5, 2016 4:42am Oct 5, 2016 4:42am
Already bagged my pips from E/CH and JPY pairs, waiting for the next set up to rear its head.Got a feeling JPY is getting exhausted. Thx to all d contributors.
  • #5,566
  • Oct 5, 2016 5:38am Oct 5, 2016 5:38am
Hi everyone I just entered E/A
Any comment ?
I used to be indecisive but now I'm not so sure...
  • #5,567
  • Oct 5, 2016 6:07am Oct 5, 2016 6:07am
Quoting Filipo1
Hi everyone I just entered E/A Any comment ?
Not right.Trade is entered only at the close of the day.
  • #5,568
  • Oct 5, 2016 6:16am Oct 5, 2016 6:16am
Quoting Filipo1
Hi everyone I just entered E/A Any comment ?
Very good, according to your trading plan, good luck

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It takes a lot for me to IGNORE you, but you can try.
  • #5,569
  • Oct 5, 2016 6:27am Oct 5, 2016 6:27am
Thanks Erebus.

Aje6767 I agree but close/open falls at 11pm at my place in Switzerland so I was sleeping and was too busy this morning, better late than never the only thing is that it adds more distance to the S/L which is already huge.
I used to be indecisive but now I'm not so sure...
  • #5,570
  • Oct 5, 2016 6:30am Oct 5, 2016 6:30am
Quoting Filipo1
Thanks Erebus. Aje6767 I agree but close/open falls at 11pm at my place in Switzerland so I was sleeping and was too busy this morning, better late than never the only thing is that it adds more distance to the S/L which is already huge.
... so why to risky if is to late?
  • #5,571
  • Oct 5, 2016 6:40am Oct 5, 2016 6:40am
Because I was only 40 pips late
I used to be indecisive but now I'm not so sure...
  • #5,572
  • Oct 5, 2016 6:43am Oct 5, 2016 6:43am
Did anyone recommend it "on due time" ?
I used to be indecisive but now I'm not so sure...
  • #5,573
  • Oct 5, 2016 7:19am Oct 5, 2016 7:19am
And now just took my second position close to "regular" entry point
I used to be indecisive but now I'm not so sure...
  • #5,574
  • Oct 5, 2016 8:22am Oct 5, 2016 8:22am
Filipo you should enter the trade after the daily candle closes. There will be plenty of opportunities so there is no need to hurry.

Also it has a lot of sideways action.
  • #5,575
  • Oct 5, 2016 8:38am Oct 5, 2016 8:38am
Quoting Trucomallica
Filipo you should enter the trade after the daily candle closes. There will be plenty of opportunities so there is no need to hurry. Also it has a lot of sideways action.
Sure, that's exactly what I have done in the end , I entered at the price I would have got if entered at the opening so where is the point??? This is not kindergarten...
o
I used to be indecisive but now I'm not so sure...
  • #5,576
  • Oct 5, 2016 8:40am Oct 5, 2016 8:40am
Quoting Trucomallica
Filipo you should enter the trade after the daily candle closes. There will be plenty of opportunities so there is no need to hurry. Also it has a lot of sideways action.
And regarding sideway price action not more than AUD/JPY suggested by Yonnie and adopted by Bk8, so why would it be different here?
I used to be indecisive but now I'm not so sure...
  • #5,577
  • Oct 5, 2016 8:42am Oct 5, 2016 8:42am
Please check carefully: yesterday the pair closed higher than last 4 candlesticks.
I used to be indecisive but now I'm not so sure...
  • #5,578
  • Oct 5, 2016 8:48am Oct 5, 2016 8:48am
AJ closed above previous daily closes. Your trade still had closes inside the zone. You could say that it is somewhat subjective, but there is a reason why almost no one took the trade.
And going into it too late adds risk.

And if you took your second position, you had a big retracement, adding data that tells you that the possibilities of the price to go up are diminished.
  • #5,579
  • Edited 12:04pm Oct 5, 2016 9:02am | Edited 12:04pm
Once Upon Time:
Attached Image


And NOW:
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I Win, I Lose, It's my Job... And I Love it!
  • #5,580
  • Oct 5, 2016 9:06am Oct 5, 2016 9:06am
They are losers for me + AUDCAD + EURGBP (Tuesday)
Fortunately,
I was in GBPUSD.
It's still profitable
Risk comes from not knowing what you're doing.
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