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Monthly Profit - Daily Trading using SMA

  • #5,861
  • Oct 11, 2016 10:24am Oct 11, 2016 10:24am
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Click to Enlarge Name: eurjpy.jpg Size: 95 KB
  • #5,862
  • Oct 11, 2016 10:28am Oct 11, 2016 10:28am
Here's the screenshot for my 4 hour strategy. The fibo levels are calculated by my proprietary system for all pairs. Again if anyone took EUR/JPY on daily please post chart. I'm waiting for the daily close to add to my position. If the levels don't stop price. My target is a 61.8%, so I got to be careful.
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Click to Enlarge Name: eurjpy2.jpg Size: 246 KB
  • #5,863
  • Oct 11, 2016 10:30am Oct 11, 2016 10:30am
hi all
You can kick me out if you still think I am spouting nonsense.
If you remembered yesterday, many people in thus thread wanted to long nzdcad. It is by the rule because there was a bullish bar that cross sma 5,0. Fair enough.
Those who entered found that trade tanked when two bearish bars that followed took out their SL.
I did not enter because although the bullish bar cross the sma 5,0 the sma 5,0 did not cross with the sma 5,3 upwards whIch would have been a confirmation. That filter tells me not to enter. In fact the sma 5,0remains below the sma 5,3 throughout which only mean price remains down.
Btw, this idea is from a generous person in this thread. I do not stand to gain from anything but to help people from losing further. If you still think I am spouting nonsense so be it.
If you would be still and just listen and do not shut out..If you are interested pm me with yr email and my chart will show you clearly.I do not gain anything, bro.
Thank you
  • #5,864
  • Oct 11, 2016 10:42am Oct 11, 2016 10:42am
Quoting caillo
Well, I was stopped out yesterday on AUD/JPY, but took EUR/JPY this morning on my 4 hour strategy, I don't know if EUR/JPY was a trade for this strategy, if any one took EUR/JPY short, you better be dancing with joy!!!
look's greate to bee token from tomorow in D1
  • #5,865
  • Oct 11, 2016 11:26am Oct 11, 2016 11:26am
Quoting josephkee
hi all You can kick me out if you still think I am spouting nonsense. If you remembered yesterday, many people in thus thread wanted to long nzdcad. It is by the rule because there was a bullish bar that cross sma 5,0. Fair enough. Those who entered found that trade tanked when two bearish bars that followed took out their SL. I did not enter because although the bullish bar cross the sma 5,0 the sma 5,0 did not cross with the sma 5,3 upwards whIch would have been a confirmation. That filter tells me not to enter. In fact the sma 5,0remains below...
All that is asked is statistical proof this filter is working like you say it does.
One example is nothing, come back when you have a couple hundred...
Persistence will get it. Consistency will keep it.
  • #5,866
  • Oct 11, 2016 11:32am Oct 11, 2016 11:32am
Quoting mizi123
{quote} look's greate to bee token from tomorow in D1
Great, I am on the lookout for it. I will add to my position whenever this occurs.
  • #5,867
  • Oct 11, 2016 11:36am Oct 11, 2016 11:36am
Quoting Chake
{quote} All that is asked is statistical proof this filter is working like you say it does. One example is nothing, come back when you have a couple hundred...
I hope I do not offend anybody but please do not think you should be spoonfed. I am just voicing an opinion and I do not need to show you hundred to get you converted. You go ahead and do what you want and I wish you luck.Just remain humble and receptive.
  • #5,868
  • Oct 11, 2016 11:36am Oct 11, 2016 11:36am
Bit late with my weekly report excuse me..

Last week was bad again, lost 380 pips.

I have still running:

short 30-9 AUDUSD - took its time to move in right direction
short 10-10 CHFJPY - also great move today

untill now up 130 pips this week.
Persistence will get it. Consistency will keep it.
  • #5,869
  • Oct 11, 2016 11:52am Oct 11, 2016 11:52am
Quoting josephkee
{quote} I hope I do not offend anybody but please do not think you should be spoonfed. I am just voicing an opinion and I do not need to show you hundred to get you converted. You go ahead and do what you want and I wish you luck.Just remain humble and receptive.
Spoonfed???? don't make me laugh.
I don't want your spoonfeeding, i'm in this business long enough to know what i have to do to make things work.
copycatting is not one of them.

You don't have to convert anybody here, but when you want to introduce a filter the very least you can do is showing proof of it's viability.
Everybody can throw in filters to filter out some bad trades, but most forget we want to use this system for many years to come.
This system has an edge (or not..., we will find out) adding a filter is essentially making another system that also has to be tested, etc. etc.
Keep adding filters when you have a couple bad days and you are hopping from one sytem to another.
Persistence will get it. Consistency will keep it.
  • #5,870
  • Oct 11, 2016 12:03pm Oct 11, 2016 12:03pm
Still hanging in with

EUR/AUD
AUD/CHF
JPY/USD
  • #5,871
  • Oct 11, 2016 12:04pm Oct 11, 2016 12:04pm
Quoting Chake
{quote} Spoonfed???? don't make me laugh. I don't want your spoonfeeding, i'm in this business long enough to know what i have to do to make things work. copycatting is not one of them. You don't have to convert anybody here, but when you want to introduce a filter the very least you can do is showing proof of it's viability. Everybody can throw in filters to filter out some bad trades, but most forget we want to use this system for many years to come. This system has an edge (or not..., we will find out) adding a filter is essentially making another...
There is no need to get personal. Just think what do I gain?
Popularity? I am voicing an opinion hoping to make a better system. It is just a filter. The gist of the strategy is still intact.
Whether you want to listen or not it is up to you. You can trade another 100 trades and lose another 100 without getting around to understand why you lost. It does not matter how long you are in this business. Yoy can be in this for twenty years and not profitable for at least twenty one.
The whole forex phylosophy is to remain open to ideas even if you do not agree. Good luck and stick to your old ways
  • #5,872
  • Oct 11, 2016 12:09pm Oct 11, 2016 12:09pm
EUR.JPY came along nicely. Bagged some pips there.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY D1 (10-11-2016 1902).png Size: 90 KB
  • #5,873
  • Oct 11, 2016 12:24pm Oct 11, 2016 12:24pm
Quoting josephkee
{quote} There is no need to get personal. Just think what do I gain? Popularity? I am voicing an opinion hoping to make a better system. It is just a filter. The gist of the strategy is still intact. Whether you want to listen or not it is up to you. You can trade another 100 trades and lose another 100 without getting around to understand why you lost. It does not matter how long you are in this business. Yoy can be in this for twenty years and not profitable for at least twenty one. The whole forex phylosophy is to remain open to ideas even if...
Getting personal? i don't know where you are from, but it looks like you don't read my posts the way you should.

I don't give a rats ass what you will gain, that's not important at all. Only thing that matters is: what will this system gain.
If you can tell us what the system will gain from your filter maybe bk8 will decide to add it. It's that simple.
Providing statistical proof of added value is what you need before you add a filter.
That's the filosophy here, test your own filters untill you have proof of added value, and maybe others will test their own filters and come up with good one's too.
That is the power of many at work, i hope you get it now.

And please refrain from insulting comments.. you don't know me.
Persistence will get it. Consistency will keep it.
  • #5,874
  • Oct 11, 2016 12:25pm Oct 11, 2016 12:25pm
Quoting BataviaTrade
EUR.JPY came along nicely. Bagged some pips there. {image}
  • #5,875
  • Oct 11, 2016 12:44pm Oct 11, 2016 12:44pm
Quoting Gilliam
Still hanging in with EUR/AUD AUD/CHF JPY/USD
EUR/AUD crossed the EMA almost every day for the last week, why hanging in?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD D1 (10-11-2016 1944).png Size: 65 KB
  • #5,876
  • Oct 11, 2016 3:59pm Oct 11, 2016 3:59pm
What i think is the mistake for these system wich members dont understand is the entry point is not defined well (need's huge room to trade take this path to winers) and risk is very huge and in some point if it is not calculated well will throu you out for 1 trade.... in other hand what i see all traders are testing with micro account and wait to make money and these create these mish-mash in their hads that something dosen't work............ have good night i see some potencial in EUR/JPY...
  • #5,877
  • Edited 4:17pm Oct 11, 2016 4:06pm | Edited 4:17pm
EJ potential short. Ogtherwise no trade for me.
  • #5,878
  • Oct 11, 2016 4:08pm Oct 11, 2016 4:08pm
No trades for me
Read 1st post , if you don't understand something , then , ask a question
  • #5,879
  • Oct 11, 2016 4:09pm Oct 11, 2016 4:09pm
Quoting mizi123
What i think is the mistake for these system wich members dont understand is the entry point is not defined well (need's huge room to trade take this path to winers) and risk is very huge and in some point if it is not calculated well will throu you out for 1 trade.... in other hand what i see all traders are testing with micro account and wait to make money and these create these mish-mash in their hads that something dosen't work............ have good night i see some potencial in EUR/JPY...
yeah if you only trade 0.01 per trade then your risk per trade is always different. I know mine is! and that is partly why my account is negative at the moment. Im only trialing this strategy anyway.

No trades for me today. I've already got one with JPY and don't want to place too much faith in one currency.
So many in the Commercial section want to make me rich! :o
  • #5,880
  • Oct 11, 2016 4:18pm Oct 11, 2016 4:18pm
EUR/JPY short (a bit late I know)
Nasdaq short (my bread and butter strategy is telling me to stay flat. This causes cognitive dissonance in my head lol. But gotta stick to the rules to gather statistical evidence.)
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