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Monthly Profit - Daily Trading using SMA

  • #6,401
  • Oct 21, 2016 5:19am Oct 21, 2016 5:19am
Quoting yonnie
@ readpiple: we need more level headed people like you here, so please contribute when you can
  • #6,402
  • Oct 21, 2016 6:13am Oct 21, 2016 6:13am
Quoting NightStar
{quote} 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.
You have to lose money... That's the basic qualification needed to trade... to learn how worthless money is and how important the focus on the game is... Get a live account soon, lose enough money to feel worthless yet, a reason to trade one more time just for the SAKE OF TRADING... This is my personal experience and i am sure i challenge any senior contributor here to prove me wrong.... (apologies).... I dont fear loss or profit... i fear not being true to the rules of the game...RULES....
  • #6,403
  • Oct 21, 2016 6:59am Oct 21, 2016 6:59am
Quoting monaghan
{quote} 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
I like your views. This is exactly how I think before entering a trade. Like you said in post 6,400, this analysis gave you an early entrance in usd/cad.. I did the same thing with E/G I entered @0.8990 and posted here in post 5,996.. hopefully someone other than me entered when I gave the signal.
  • #6,404
  • Oct 21, 2016 7:22am Oct 21, 2016 7:22am
Quoting caillo
{quote} I like your views. This is exactly how I think before entering a trade. Like you said in post 6,400, this analysis gave you an early entrance in usd/cad.. I did the same thing with E/G I entered @0.8990 and posted here in post 5,996.. hopefully someone other than me entered when I gave the signal.
Good luck with it Caillo,
the only reason i was earlier is that i am on GMT -5, the majority here are GMT +2 i think, i try to swing between the two as Oanda has that facility when you log in
i have now closed with a nice profit as Oanda spreads are huge over the weekend, does your head in when you are trading at 5 dollars + per pip
all the best,
M.
  • #6,405
  • Oct 21, 2016 7:29am Oct 21, 2016 7:29am
EURCAD Sell
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  • #6,406
  • Oct 21, 2016 7:44am Oct 21, 2016 7:44am
Quoting ahhamidz
EURCAD Sell {image}
well, that changed quick

It takes a lot for me to IGNORE you, but you can try.
  • #6,407
  • Oct 21, 2016 7:46am Oct 21, 2016 7:46am
Quoting ahhamidz
EURCAD Sell {image}
Your daily chart looks very odd
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So many in the Commercial section want to make me rich! :o
  • #6,408
  • Oct 21, 2016 7:51am Oct 21, 2016 7:51am
Quoting FX-Flux
{quote} Your daily chart looks very odd {image}
He took that before the CAD news, check out the 15 minutes chart to see how it moved

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It takes a lot for me to IGNORE you, but you can try.
  • #6,409
  • Oct 21, 2016 7:54am Oct 21, 2016 7:54am
EURCAD i think buy
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  • #6,410
  • Oct 21, 2016 7:55am Oct 21, 2016 7:55am
Quoting monaghan
{quote} Good luck with it Caillo, the only reason i was earlier is that i am on GMT -5, the majority here are GMT +2 i think, i try to swing between the two as Oanda has that facility when you log in i have now closed with a nice profit as Oanda spreads are huge over the weekend, does your head in when you are trading at 5 dollars + per pip all the best, M.
Yeah, i determine my position size depending on my stop loss, it's a way of protecting my capital now. When I open a position from $5 to $10 a pip is the higher I gone, it start messing your head up.. hahaha! I am in central time anyways, I use Oanda also. But I entered earlier on E/G was because of my personal tweak to the system, and of course like you said the timing of different brokers.
  • #6,411
  • Oct 21, 2016 7:56am Oct 21, 2016 7:56am
Quoting ola08
{quote} CadJ struggling. Went to +40 pips and now down to +18pips. Trade still open.
CadJ now at +120pips.
Closed one position@+120pips and moved SL to BE+2. 2nd position will be exited at lower BB.
  • #6,412
  • Oct 21, 2016 8:38am Oct 21, 2016 8:38am
Quoting Erebus
{quote} He took that before the CAD news, check out the 15 minutes chart to see how it moved {image}
Is there a technique to trading the news? Apart from straddle trading
So many in the Commercial section want to make me rich! :o
  • #6,413
  • Oct 21, 2016 8:54am Oct 21, 2016 8:54am
Quoting FX-Flux
{quote} Is there a technique to trading the news? Apart from straddle trading
Yes, watch it on 1 minute chart, then 5 minutes as time goes on, look for a 50% pullback to enter in the direction of the move, it's as old as the hills

But sometimes, the initial move is wrong or fake out, have tight stops
It takes a lot for me to IGNORE you, but you can try.
  • #6,414
  • Oct 21, 2016 9:05am Oct 21, 2016 9:05am
Quoting Erebus
{quote} Yes, watch it on 1 minute chart, then 5 minutes as time goes on, look for a 50% pullback to enter in the direction of the move, it's as old as the hills But sometimes, the initial move is wrong or fake out, have tight stops
this is really good advice.
is this means multi time frame for confirmation entry?
50% pullback is based on what time frame? is Daily TF?
Thank you
Let Market Tell You
  • #6,415
  • Oct 21, 2016 9:11am Oct 21, 2016 9:11am
Quoting Monokl
{quote} this is really good advice. is this means multi time frame for confirmation entry? 50% pullback is based on what time frame? is Daily TF? Thank you
50% of the move caused by the news

you will see that price is flat before the news, just choose the nearest low point, then wait for the move, pick the highest point after about 15 minutes or so

with this latest CAD news, not enough retracement to act on this time
It takes a lot for me to IGNORE you, but you can try.
  • #6,416
  • Oct 21, 2016 10:05am Oct 21, 2016 10:05am
USDCAD ( again) Open - close
All CAD Sell close . Demo
These strategies improve my system. Thanks
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  • #6,417
  • Oct 21, 2016 10:23am Oct 21, 2016 10:23am
This week has been good, too bad for GU trade, but hey.. you can't win them all.

Closed trades:

GU - 100
AU + 41
NU + 63
EN + 277
total: + 281

Open trades:

GC + 131
EG + 10
AN + 55

Overall since i started trading this system i'm a little in the positive teritory, this is all still to see if it works for me, still some testing weeks to go.
So far still positive!
Persistence will get it. Consistency will keep it.
  • #6,418
  • Oct 21, 2016 10:25am Oct 21, 2016 10:25am
Eur Open Close
last photo
Thanks BK8 Thanks
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  • #6,419
  • Oct 21, 2016 11:16am Oct 21, 2016 11:16am
This week has been good to me too.

E/J +161 reached target at 82% level @113.06--- alone brought 38.5% equity growth to my account
A/U +42 closed early, was supposed to close at 77.00 but hesitated with china GDP news

Total: 203

So far this month I have 222 pips in green!
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  • #6,420
  • Oct 21, 2016 11:27am Oct 21, 2016 11:27am
GBPAUD
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