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Monthly Profit - Daily Trading using SMA

  • #6,221
  • Oct 19, 2016 6:40am Oct 19, 2016 6:40am
Quoting mizi123
{quote} But is nowere acording to strategy on these threed, or he has pased away...
l just want give this special alert because of its importance. I couldn't pass this one. excuse me but it's better take a look on it.
  • #6,222
  • Oct 19, 2016 6:46am Oct 19, 2016 6:46am
Quoting eltd
{quote} l just want give this special alert because of its importance. I couldn't pass this one. excuse me but it's better take a look on it.
I now brother but it is against the rules of these threed no problem ..... take 5 position if you want for your self

Avoid

  1. Lower timeframe charts, even H4 is not reliable.
  2. Risk - Do not take positions more than 5% of account value and do not take multiple positions of same currency (Max 2), even setup is 100% correct
  3. Sideways pattern


Entry

  1. Long - When previous D1 bull candle's body has clearly crossed SMA and did not touch BB upper band.
  2. Short - When previous D1 bear candle's body has clearly crossed SMA and did not touch BB lower band.


Please refer #4572 for some examples http://www.forexfactory.com/showthre...17#post9162217

Stop Loss

  1. high(+15 Pips)/low(-15 Pips) of previous candle, if candle is too short then you may move to T-2 candle.


Take Profit/Exit

 

  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
  2. Keep moving SL for second setup as per S&R
  3. You may exit when candle touches/cross BB top/bottom line.
  4. You may exit from second position if you have minimum 3 candles profit as part of 1:3 strategy.
  5. Must Exit on breakeven if setup goes in opposite direction.

  • #6,223
  • Oct 19, 2016 6:52am Oct 19, 2016 6:52am
Quoting Bk8
{quote} I used demo account for 1 day when I started forex and never used after that in last 2.5 years. Demo account is for the kids
I use demo only for testing, i trade real since 2006, I really don't agree with your comment that demo is for kids.
  • #6,224
  • Oct 19, 2016 6:54am Oct 19, 2016 6:54am
Quoting pipmunks
{quote} WOW, you have gone too far with you opinion . So, many of demo traders here you consider as "kids". You don't have a right to said that while you still trading with 0.01 lot & treat trading as your hobby. Sorry Bk8, you lost my respect.
I don't understand what Bk8 problem is, I was just trying to add, reliable information.
  • #6,225
  • Oct 19, 2016 6:57am Oct 19, 2016 6:57am
For you ho want a such discution is an thread on that topic:
Difference between demo and real trading.....
http://www.forexfactory.com/showthread.php?t=208142
  • #6,226
  • Oct 19, 2016 7:04am Oct 19, 2016 7:04am
Quoting Filipo1
{quote} It could end well Newbies beware! This chart does NOT fits this thread''s strategy, I use it only to show another perspective of mine's. {image}
Nice.. I got slammed for the same thing. I really like your analysis you bring to this thread.
  • #6,227
  • Oct 19, 2016 7:07am Oct 19, 2016 7:07am
Inserted Video
  • #6,228
  • Oct 19, 2016 7:13am Oct 19, 2016 7:13am
Quoting caillo
{quote} Nice.. I got slammed for the same thing. I really like your analysis you bring to this thread.
Thanks I am glad if it can help someone, we have so much to learn from each other in the art of trading.
I used to be indecisive but now I'm not so sure...
  • #6,229
  • Oct 19, 2016 7:14am Oct 19, 2016 7:14am
Anybody still in eur/jpy?
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  • #6,230
  • Oct 19, 2016 7:15am Oct 19, 2016 7:15am
Quoting caillo
{quote} I don't understand what Bk8 problem is, I was just trying to add, reliable information.
With 0.01 lot, you can take 5 trades in a row with 2 positions for each trade. I cannot afford that.
So now I see, this strategy only fit for small lots.
Thank you
  • #6,231
  • Oct 19, 2016 7:24am Oct 19, 2016 7:24am
Quoting mizi123
{quote} How to make difference beetwen good from bad setup is here http://www.forexfactory.com/showthre...17#post9162217
Great!
Thank you so much
Let Market Tell You
  • #6,232
  • Oct 19, 2016 7:29am Oct 19, 2016 7:29am
Quoting josephkee
{quote} With 0.01 lot, you can take 5 trades in a row with 2 positions for each trade. I cannot afford that. So now I see, this strategy only fit for small lots. Thank you
Maybe i em dumb but more strees free strategy i don't have seen before......
  • #6,233
  • Oct 19, 2016 7:30am Oct 19, 2016 7:30am
its correct? 5,3?
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  • #6,234
  • Oct 19, 2016 7:36am Oct 19, 2016 7:36am
Quoting marketir
its correct? 5,3? {image}
Simple rather than smoothed I guess.
I used to be indecisive but now I'm not so sure...
  • #6,235
  • Oct 19, 2016 7:40am Oct 19, 2016 7:40am
More reasons to stay and hope from NZD/USD trade.....
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  • #6,236
  • Oct 19, 2016 7:42am Oct 19, 2016 7:42am
Quoting marketir
its correct? 5,3? {image}
http://www.forexfactory.com/showthread.php?t=600112

Don't believe any answers, read it for yourself
It takes a lot for me to IGNORE you, but you can try.
  • #6,237
  • Oct 19, 2016 7:47am Oct 19, 2016 7:47am
Quoting Erebus
{quote} http://www.forexfactory.com/showthread.php?t=600112 Don't believe any answers, read it for yourself
Sure except when there is neither any mention of the MA type: simple, smoothed, exponential etc...nor of the type of price reference: close, HL/2, typical (HLC/3) etc...
I used to be indecisive but now I'm not so sure...
  • #6,238
  • Oct 19, 2016 7:50am Oct 19, 2016 7:50am
Quoting Filipo1
{quote} Sure except when there is neither any mention of the MA type: simple, smoothed, exponential etc...nor of the type of price reference: close, HL/2, typical (HLC/3) etc...

Really? what is the S in SMA - tell me
It takes a lot for me to IGNORE you, but you can try.
  • #6,239
  • Oct 19, 2016 7:55am Oct 19, 2016 7:55am
Quoting Erebus
{quote} Really? what is the S in SMA - tell me
Well simple if I may say: smothed ans simple both start with an S.
I used to be indecisive but now I'm not so sure...
  • #6,240
  • Oct 19, 2016 7:58am Oct 19, 2016 7:58am
Quoting Erebus
{quote} Really? what is the S in SMA - tell me
You need to be more involved here #Erebus hahah S-tupid, MA
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