Monthly Profit - Daily Trading using SMA | Page 299 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #5,961
  • Oct 13, 2016 3:28pm Oct 13, 2016 3:28pm
It's the only setup I spotted today.
The candle is barely kissing the SMA, but I'm taking the risk...
Attached Image (click to enlarge)
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  • #5,962
  • Oct 13, 2016 3:34pm Oct 13, 2016 3:34pm
Quoting 4xu2
Thank you Bk8 for this strategy. Very simular to one I have been following, but I use hieken ashi candles to cut out the noise. Wish they had hieken ashi for mobile. Would be easier at work.
I use too Heiken Ashi to check the charts. It shows clearly when the trend is weakening, and very often it draws a clear doji - NOT always - when the trend is turning.
  • #5,963
  • Oct 13, 2016 3:50pm Oct 13, 2016 3:50pm
No trades today
So many in the Commercial section want to make me rich! :o
  • #5,964
  • Oct 13, 2016 4:10pm Oct 13, 2016 4:10pm
No trades for me.. U/C looks interesting ,but still...
Read 1st post , if you don't understand something , then , ask a question
  • #5,965
  • Oct 13, 2016 4:13pm Oct 13, 2016 4:13pm
Quoting noux09
{quote} I use too Heiken Ashi to check the charts. It shows clearly when the trend is weakening, and very often it draws a clear doji - NOT always - when the trend is turning.
Yeah I don't have a lot of time to check out the charts at candle close. Hieken ashi gives me a clear direction fast. I used to use P. A.  but makes me second guess myself. 
Trade what "Is", not what "If".
  • #5,966
  • Oct 13, 2016 4:16pm Oct 13, 2016 4:16pm
Quoting Pretoriano
I've just finished reading all 298 pages of this interesting method. I'm ready to help other traders posting my chart and to give my contribution. ps: Give me welcome
Welcome Pretoriano!! Good to read all posts... but stick to #1 only
  • #5,967
  • Oct 13, 2016 4:21pm Oct 13, 2016 4:21pm
Quoting Erebus
{quote} Too bad really, it was perfect Price Action, old support become new resistance, lower lows and lower highs, all that stuff The good entry was post 5892 ---> http://www.forexfactory.com/showthre...43#post9192543 And it still qualified as 5 SMA so followers surely to be confused now {image}
Please see the screenshot below.. this is not a conincidence.. I have noticed that most of our loser setus gave us fair chance to get out but we waited forever.. so I have updated exit rule on breakeven from optional to mandatory.
Attached Image (click to enlarge)
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  • #5,968
  • Oct 13, 2016 4:26pm Oct 13, 2016 4:26pm
helloo i think this pair ready
Attached Image (click to enlarge)
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  • #5,969
  • Oct 13, 2016 4:29pm Oct 13, 2016 4:29pm
No Setups for today
  • #5,970
  • Oct 13, 2016 4:31pm Oct 13, 2016 4:31pm
Quoting uaehawx
helloo i think this pair ready {image}
I'm not too keen on trading the pound these days, but it's a nice setup indeed.
  • #5,971
  • Oct 13, 2016 4:33pm Oct 13, 2016 4:33pm
No trades today
Trade what "Is", not what "If".
  • #5,972
  • Oct 13, 2016 4:36pm Oct 13, 2016 4:36pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting uaehawx
helloo i think this pair ready {image}
Agree!
  • #5,973
  • Oct 13, 2016 4:55pm Oct 13, 2016 4:55pm
Quoting Bk8
No Setups for today
No one wants to toy with AUD/CAD?

I have taken this trade
  • #5,974
  • Oct 13, 2016 4:55pm Oct 13, 2016 4:55pm
Quoting Bk8
{quote} Welcome Pretoriano!! Good to read all posts... but stick to #1 only
Hi Bk8,congratulations for this method. Do not worry about it,keep it simple and,with the right use of money management,your smart strategy will be profitable on the long time.
Why there are so many indicators? It's simple,because broker and big boys want that small retailer lost their money. Idem for small timeframe.
Never change rules on stock exchange,remember it.
KISS and money management are the success keys
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #5,975
  • Oct 13, 2016 5:00pm Oct 13, 2016 5:00pm
Quoting uaehawx
helloo i think this pair ready {image}
I don't like that big wick on Gbp/Sek. It shows indecision and that pair has unstable movements. Not all forex pair are profitable
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #5,976
  • Edited 5:27pm Oct 13, 2016 5:12pm | Edited 5:27pm
Quoting Shaun24
{quote} No one wants to toy with AUD/CAD? I have taken this trade
Mhhhh I do not think so... look what happen las time, and look uptrend.
SOORRY GUYS WRONG PIC, BUT THE IDEA IS RIGHT
Attached Image (click to enlarge)
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  • #5,977
  • Oct 13, 2016 5:15pm Oct 13, 2016 5:15pm
Quoting chiche
{quote} Mhhhh I do not think so... look what happen las time, and look uptrend. {image}
Definitly 5sma is not enough... I would love to share some ideas but I do not whant to change the main idea of Bk8.
  • #5,978
  • Oct 13, 2016 5:22pm Oct 13, 2016 5:22pm
Quoting Gilliam
Participation.... positive participation I guess newbies have a fear to be shat on for contributing ... So by no active participation doesn't mean spoon fed ... One still have freedom of choice
Yes - as a newbie I HAVE been shat on twice by a certain member who seems to have a real bad attitude to newbie questions and those sort of contributors need to be reminded that common courtesy is a virtue.
Cheers
  • #5,979
  • Oct 13, 2016 5:24pm Oct 13, 2016 5:24pm
Quoting chiche
{quote} Mhhhh I do not think so... look what happen las time, and look uptrend. {image}
I can see a down trend though! lol

Attached Image
  • #5,980
  • Oct 13, 2016 5:30pm Oct 13, 2016 5:30pm
Quoting Bk8
{quote} Please see the screenshot below.. this is not a coincidence.. I have noticed that most of our loser setus gave us fair chance to get out but we waited forever.. so I have updated exit rule on break even from optional to mandatory.
Very good plan, I got out with small profit, but darn, very tough price action there, no one can dispute that
It takes a lot for me to IGNORE you, but you can try.
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