Monthly Profit - Daily Trading using SMA | Page 318 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #6,341
  • Oct 20, 2016 12:30pm Oct 20, 2016 12:30pm
Quoting Skurgent
Do you guys wait till the candle closes or do you just enter when the bar crosses the SMA

See Page #1, Post #1
Time Required - Just 15 minutes daily after D1 close when new candle starts.
  • #6,342
  • Oct 20, 2016 12:34pm Oct 20, 2016 12:34pm
Quoting monaghan
Afternoon all just for info, i would have missed this trade if i had my SMA shift at 5 3, now have 60 pips in the bank, closed half and let the rest run good luck all {image}
Good Info - Thanks
  • #6,343
  • Oct 20, 2016 2:01pm Oct 20, 2016 2:01pm
Quoting BataviaTrade
{quote} Hi Chiche, this posting should give you a few pointers. regards
Thanks batavia
  • #6,344
  • Oct 20, 2016 2:06pm Oct 20, 2016 2:06pm
With about an hour to go before daily close I'm looking at 4 pairs - would be like to hear others opinions on these: AUD/JPY short, AUD/USD short, GBP/AUDlong & USD/CAD long. I'm aware that 3 of these are reliant on a falling AUD - so what do you guys think?
  • #6,345
  • Oct 20, 2016 2:26pm Oct 20, 2016 2:26pm
Quoting Prax
With about an hour to go before daily close I'm looking at 4 pairs - would be like to hear others opinions on these: AUD/JPY short, AUD/USD short, GBP/AUDlong & USD/CAD long. I'm aware that 3 of these are reliant on a falling AUD - so what do you guys think?
I'm watching AUD/JPY closely. But my chart don't close till 11:00pm CST.
  • #6,346
  • Oct 20, 2016 3:25pm Oct 20, 2016 3:25pm
Quoting ola08
Both UJ and CadJ are good for short, irrespective of wick. Would go for CadJ as UJ has a negative correlation with GU. Shorted CadJ at 78.80.
CadJ struggling. Went to +40 pips and now down to +18pips. Trade still open.
  • #6,347
  • Oct 20, 2016 3:40pm Oct 20, 2016 3:40pm
Quoting ola08
{quote} Au and acad touched upper BB, both (2nd trades) closed. Au-+116pips; Acad-+97pips. Ncad still pending- now at +110 pips, locked in +50 pips profit. All within 2days!
Still in Ncad. It's now at +152pips. It will hopefully touch the upper BB tomorrow for final take profit on 2nd position. Moved TSL to +60pips to lock in more profit.
  • #6,348
  • Oct 20, 2016 3:44pm Oct 20, 2016 3:44pm
Quoting Prax
With about an hour to go before daily close I'm looking at 4 pairs - would be like to hear others opinions on these: AUD/JPY short, AUD/USD short, GBP/AUDlong & USD/CAD long. I'm aware that 3 of these are reliant on a falling AUD - so what do you guys think?
A/J looks good to me, I have a confirmation with a bearish harmonic pattern on daily right now.
  • #6,349
  • Edited 4:08pm Oct 20, 2016 3:51pm | Edited 4:08pm
A/J looks sideways to me, although the two candles before the present one closed higher each time.
a better option would be A/N and A/U imo.
any interest in G/C?

daily candle closed 7 min ago.
sell A/N and A/U
buy G/C
  • #6,350
  • Oct 20, 2016 4:19pm Oct 20, 2016 4:19pm
Today only A/U SHORT ..
Read 1st post , if you don't understand something , then , ask a question
  • #6,351
  • Oct 20, 2016 4:21pm Oct 20, 2016 4:21pm
Hello. 20.10.-22:18 our time. AN short. 1.06065. Thank you. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #6,352
  • Oct 20, 2016 4:28pm Oct 20, 2016 4:28pm
Quoting Ghibli
Today only A/U SHORT ..
Hi can I ask. Is it because of the size of the body? Thanks Ghibli. I appreciate your time. I have learned a lot from you. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #6,353
  • Oct 20, 2016 4:53pm Oct 20, 2016 4:53pm
Quoting pipmunks
{quote} I personally appreciate all of the Bk8 effort & time spent into this thread & his willingness to share this method. But if he really want to teach newbies, isn't he supposed to recommend newbies trade on demo first, instead underestimate demo trader as kids? Trading is my main source of income for living, but I still use demo for testing purpose till now. There's no need to feel embarrassed using demo account. Unless you're super rich & don't need money, but why trading at first if you don't need money? It's Bk8 right to have his own opinion,...
I don't think he went too far, just maybe expressed it poorly. I also trade .01 acct as a hobby. I discovered early on that a demo acct for me is useless since unless real money is at play, I quickly lose interest.
When he said demo acct is for kids, I think he just meant it is rather useless for most people, although if it works for some, no harm in using it.
More Indicators = Less Profit
  • #6,354
  • Oct 20, 2016 4:59pm Oct 20, 2016 4:59pm
Quoting pipmunks
{quote} Let's not blame demo account for being not able to disciplined enough to execute the trade. Have you ever heard knife being accused for a murder? It is only a tool. We are human behind the tool responsible of our action. If somebody can't discipline in demo account, I doubt he can discipline in real account no matter how small/big the account. I've been through that. However, I do agree psychology is a critical factor in trading. Discipline comes from confidence in the system/method. Confidence comes from proven statistical fact, gathered...
My problem always was I would make tons of money in demo because zero fear.
So I had to learn to trade with real money & learn to control/channel the fear.
.01 acct works fine, just enough to hold interest but not enough to cause real fear
As skill progresses, fear gets under control.
More Indicators = Less Profit
  • #6,355
  • Oct 20, 2016 5:04pm Oct 20, 2016 5:04pm
Quoting Oddbjorg
{quote} Hi can I ask. Is it because of the size of the body? Thanks Ghibli. I appreciate your time. I have learned a lot from you. Oddbj.
Hello Oddbjorg , always pleasure to help you There are some oportunities Today , but I will take only this one ..Yes, good observation, I like the full , large body of the candle . But just like Yonnie said - A/N and G/C looks fine also .. For me entering the A/N it's just a little too late, but that's just me.. Have a good evening
Read 1st post , if you don't understand something , then , ask a question
  • #6,356
  • Oct 20, 2016 5:18pm Oct 20, 2016 5:18pm
Quoting Ghibli
{quote} Hello Oddbjorg , always pleasure to help you There are some oportunities Today , but I will take only this one ..Yes, good observation, I like the full , large body of the candle . But just like Yonnie said - A/N and G/C looks fine also .. For me entering the A/N it's just a little too late, but that's just me.. Have a good evening
Thank you so much. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #6,357
  • Oct 20, 2016 5:51pm Oct 20, 2016 5:51pm
USD/CAD look's good for me even tomorow are to much news about cad...... to much noise pffffffffff
  • #6,358
  • Oct 20, 2016 6:07pm Oct 20, 2016 6:07pm
AN, GC and AU are all tradeable candidates but shorted only AU.
  • #6,359
  • Edited 6:31pm Oct 20, 2016 6:18pm | Edited 6:31pm
Quoting mizi123
USD/CAD look's good for me even tomorow are to much news about cad...... to much noise pffffffffff
U/C has a nice candle, but possible resistance @ around 1.3300 coming up - only 70 pips away.

where is Bk8? hope he didn't burn down his new home while setting up his fireplace
  • #6,360
  • Oct 20, 2016 6:53pm Oct 20, 2016 6:53pm
I'm in for AJ, EG and GA. Not sure why never see people taking those trade. Anyone can explain your opinion on this?

AJ Sell
EG Sell
GA Buy
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