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Monthly Profit - Daily Trading using SMA

  • #6,381
  • Oct 21, 2016 1:25am Oct 21, 2016 1:25am
@ readpiple: we need more level headed people like you here, so please contribute when you can
  • #6,382
  • Oct 21, 2016 1:38am Oct 21, 2016 1:38am
Quoting readpiple
{quote} Also, kindly ask your electrician to fix your phone charge....
Hahaha
So many in the Commercial section want to make me rich! :o
  • #6,383
  • Oct 21, 2016 1:38am Oct 21, 2016 1:38am
EG my best runner so far
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So many in the Commercial section want to make me rich! :o
  • #6,384
  • Oct 21, 2016 2:22am Oct 21, 2016 2:22am
Quoting fxenthusiast
{quote} I'm in for AJ since yesterday, for EG I'm also in but my TP is 80 pips. For GA, I will enter if it closed above the daily trendline, or I may place a buy stop order above the daily trendline.
Is there any other pairs you are holding currently?
  • #6,385
  • Oct 21, 2016 2:24am Oct 21, 2016 2:24am
Quoting Fadhl
{quote} Sell AJ should be very good because of change in the trend from up to down following the fundamental data from Aussie which was very negative (undershoot). Sell EG and GA is not good in my view because GBP (extremely weak), AUD (very weak; game changer) and EUR (weak). But if I have to play these ones, I will buy them when they meet the criteria. This said, this is just my view. Due diligence is required!
Thank you for your insight! I'm trading this sytem purely base on what the rules are. The rules does not include news therefore I did not consider news for taking the trade.

PS: I do agree GBP is extremely weak due to the major stuffs happening this year too!
  • #6,386
  • Oct 21, 2016 2:25am Oct 21, 2016 2:25am
Quoting thewindow
{quote} You will never make long term profits from using MA's and B/Bs. Keep going, will see this thread disappear like the others eventually. Learn Price Action and Support/ Resistance, simples.
Do you mind sharing your trade explorer? Thank you.
  • #6,387
  • Oct 21, 2016 2:29am Oct 21, 2016 2:29am
Quoting NightStar
{quote} I'm with you on E/G sell. At worst one can make a tight stop. AJ has not made the cross yet & trading the aussie makes me nervous so I prefer to wait until the signs are really really evident. GA....I prefer GU. The cross is present...and I think pound will eventually come roaring back with a vengeance. But...maybe not yet so that is what stops are for. Stops can be fairly tight here as well.
Nice analysis on it!

It seems that even 1 system have many different positions opened for everyone. Therefore why do people claimed "This system will not work." instead of claiming "You can't trade this sytem?". Different systems works in different way for different traders, we are suppose to find/create one that suits our personality and work it out like a slave.

Above statement is just my opinion, no offence to anybody.
  • #6,388
  • Oct 21, 2016 2:32am Oct 21, 2016 2:32am
Quoting ola08
{quote} Hi Monaghan, Thanks for your little explanation re sma 5 0 and 5 3. As I mentioned earlier, both strategies have their pros and cons. 5 3 is a conservative and more risk averse approach. It is designed to filter out bad trades and enhance the quality as well as the accuracy of our entries. Traders have different personalities, trading styles and personal preferences. The 5 0 trader would be a momentum trader who likes to take the trade quickly, not blindly though, as soon as the market signals. They like to catch on the initial move/ burst...
Very nicely put, i respect your veiw
  • #6,389
  • Oct 21, 2016 2:48am Oct 21, 2016 2:48am
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  • #6,390
  • Oct 21, 2016 2:52am Oct 21, 2016 2:52am
Quoting monaghan
{quote} Very nicely put, i respect your veiw
Monaghan thanks so much for your invaluable contributions to this thread so far. I've learnt so much from you and looking forward to learning more. Happy that you are back.
  • #6,391
  • Oct 21, 2016 3:03am Oct 21, 2016 3:03am
EURGBP right up my lane
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  • #6,392
  • Oct 21, 2016 3:07am Oct 21, 2016 3:07am
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  • #6,393
  • Oct 21, 2016 3:10am Oct 21, 2016 3:10am
Quoting allworldas
Now enter USD/JPY usd/cad {image} {image}
(USDJPY ) Several attempts. But it failed to pass out of Moving Average 150
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  • #6,394
  • Oct 21, 2016 4:11am Oct 21, 2016 4:11am
Quoting thewindow
{quote} You will never make long term profits from using MA's and B/Bs. Keep going, will see this thread disappear like the others eventually. Learn Price Action and Support/ Resistance, simples.
Hi thewindow,
I can definitely tell that you are not a prophet of doom. If you think that people just jump into the trade at mere sight of the candle closing inside the BB and above the SMA, I'd conclude that you are just a passer-by on this thread.
If you painstakingly read through this thread, which is the wise thing to do before making any negative assertion, you will notice that buy and sell decisions are not based on the SMA and BB alone.
Bk8, the initiator of this thread, has reiterated several times, and unequivocally,that we also take price action into consideration in making our entry decisions. Other experienced contributors like Monaghan, Yonnie, FX-Flux,to mention but a few, have also emphasised the importance of taking such things as price action, support and resistance, ranging/trending market,among others,into cognisance before pulling the trigger. People that are still learning this strategy have been asking questions and are being rightly guided by BK8 and other experienced traders and contributors on this thread.
If you are here to help in making this strategy work better for all of us, your positive contributions will be gladly welcomed. Thanks
  • #6,395
  • Oct 21, 2016 4:21am Oct 21, 2016 4:21am
Quoting ola08
{quote} CadJ struggling. Went to +40 pips and now down to +18pips. Trade still open.
CadJ making progress. Now at +55pips.
  • #6,396
  • Oct 21, 2016 4:22am Oct 21, 2016 4:22am
Quoting ola08
{quote} Hi thewindow, I can definitely tell that you are not a prophet of doom. If you think that people just jump into the trade at mere sight of the candle closing inside the BB and above the SMA, I'd conclude that you are just a passer-by on this thread. If you painstakingly read through this thread, which is the wise thing to do before making any negative assertion, you will notice that buy and sell decisions are not based on the SMA and BB alone. Bk8, the initiator of this thread, has reiterated several times, and unequivocally,that we also...
It is really honest advice. Really need to learn a lot. thank you ola08.
Let Market Tell You
  • #6,397
  • Oct 21, 2016 4:46am Oct 21, 2016 4:46am
Folks. Please add the name of the pair to the text commenting your pictures. Sometimes it is difficult to see what pair the chart presents, and needs to click a bigger picture. To avoid that give the pair's name.
  • #6,398
  • Oct 21, 2016 5:02am Oct 21, 2016 5:02am
Quoting ola08
{quote} Monaghan thanks so much for your invaluable contributions to this thread so far. I've learnt so much from you and looking forward to learning more. Happy that you are back.
You are very welcome Ola08
i also wanted to add to your previous post, 6359 that candle patterns play a big part in my decision making, take care and good luck
  • #6,399
  • Oct 21, 2016 5:07am Oct 21, 2016 5:07am
Quoting allworldas
Now enter USD/JPY usd/cad {image} {image}
Hi Allworldas
if you look at my chart which you responded to yesterday you will see that i entered 100 pips before you on the USD CAD, also USD JPY you are very close to weekly resistance, i hope they still run for you
good luck
  • #6,400
  • Oct 21, 2016 5:12am Oct 21, 2016 5:12am
Quoting monaghan
{quote} You are very welcome Ola08 i also wanted to add to your previous post, 6359 that candle patterns play a big part in my decision making, take care and good luck
Many thanks Monaghan
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