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Monthly Profit - Daily Trading using SMA

  • #6,561
  • Oct 25, 2016 11:11am Oct 25, 2016 11:11am
Quoting martyhype
{quote} Hi Oddbjorg All the best with your trade, looks like it is working out for you which is fantastic. I can see why yonnie has questioned it though. Please see the attachment. For myself the candle hasnt closed yet. I still have to wait another 10 hours. Take care and all the best Marty {image}
Hello. Thanks. All the best. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #6,562
  • Oct 25, 2016 11:16am Oct 25, 2016 11:16am
Quoting yonnie
{quote} yeah, you`re right that the sma went through the last candle, BUT on my chart the day closed under the sma. we only go long when the candle closed above the sma.
Dear Ghibli and Yonnie.
Then there is something wrong with my charts. Hopefully it is ok Ghibli, that I use a copy of your example for a good trade.
I thought these were pretty alike.
Thanks for your help.
Oddbj.
Attached Image (click to enlarge)
Click to Enlarge Name: 24 10 2016.png Size: 72 KB
All the best to all of you. But don't follow me. I am a learner.
  • #6,563
  • Oct 25, 2016 12:08pm Oct 25, 2016 12:08pm
I've been following usd/chf and have posted before about it. I lost some pips to it recently don't remember, you can check it in my explorer if you want. But, it finally hit the resistance I was looking at. I entered early thinking it was going to be rejected at the 100% level, well today price was pushed to the 1.382% (my level) and rejected strongly. This level tends to do this. Of course I entered short again. It has not crossed down the 5 sma yet, so be on the lookout. Here's a pic
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 226 KB
  • #6,564
  • Oct 25, 2016 12:29pm Oct 25, 2016 12:29pm
Quoting Oddbjorg
{quote} Dear Ghibli and Yonnie. Then there is something wrong with my charts. Hopefully it is ok Ghibli, that I use a copy of your example for a good trade. I thought these were pretty alike. Thanks for your help. Oddbj. {image}
Hello Oddbjorg ..weird , because on my charts ( on E/J ) the price didn't closed above 5 sma but under..please look below ,I have different candles..who is your broker ?
ps. even very good looking setups , can be wrong..
Attached Image
Read 1st post , if you don't understand something , then , ask a question
  • #6,565
  • Oct 25, 2016 12:58pm Oct 25, 2016 12:58pm
Quoting Ghibli
{quote} Hello Oddbjorg ..weird , because on my charts ( on E/J ) the price didn't closed above 5 sma but under..please look below ,I have different candles..who is your broker ? ps. even very good looking setups , can be wrong.. {image}
Hi. I use Oanda. Thank you. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #6,566
  • Oct 25, 2016 1:29pm Oct 25, 2016 1:29pm
Quoting Oddbjorg
{quote} Hi. I use Oanda. Thank you. Oddbj.
Hmm.. don't know why , but you write that this is 24.10.2016 but it's not it's 9 September..even on your platform there is a note that this is September..look at the picture below . On 9th of September the price was close to upper BB, so maybe to risky , even if the move was good and crossed the SMA. If that situation would be on 24.10.2016 - like you said , with this candle pattern it would be a good valid setup..but still ..the resistance..
Attached Image
Read 1st post , if you don't understand something , then , ask a question
  • #6,567
  • Oct 25, 2016 2:11pm Oct 25, 2016 2:11pm
Quoting Ghibli
{quote} Hmm.. don't know why , but you write that this is 24.10.2016 but it's not it's 9 September..even on your platform there is a note that this is September..look at the picture below . On 9th of September the price was close to upper BB, so maybe to risky , even if the move was good and crossed the SMA. If that situation would be on 24.10.2016 - like you said , with this candle pattern it would be a good valid setup..but still ..the resistance.. {image}
Hello.
It was cut and moved to the place where the currency is on the chart, because I should have your chart beside it. Sorry.
But here is the real picture in print screen. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: ey.png Size: 251 KB
All the best to all of you. But don't follow me. I am a learner.
  • #6,568
  • Oct 25, 2016 2:20pm Oct 25, 2016 2:20pm
Quoting Oddbjorg
{quote} Hello. It was cut and moved to the place where the currency is on the chart, because I should have your chart beside it. Sorry. But here is the real picture in print screen. Thank you. {image}
Oh, now I see Thank you . Well this situation is often with Market Maker broker, they have a different candles , they manipulate the price , that's why the candles are sometimes different. Also I think you have weekend candles, that's why you have more of them , than me.
Read 1st post , if you don't understand something , then , ask a question
  • #6,569
  • Oct 25, 2016 2:24pm Oct 25, 2016 2:24pm
Quoting Ghibli
{quote} Hello Oddbjorg ..weird , because on my charts ( on E/J ) the price didn't closed above 5 sma but under..please look below ,I have different candles..who is your broker ? ps. even very good looking setups , can be wrong.. {image}

Hi again. This is from my phone. Kind of the same. But don't bother with this anymore. I don't want to disturb you with this any more.
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 1.4 MB
All the best to all of you. But don't follow me. I am a learner.
  • #6,570
  • Oct 25, 2016 3:36pm Oct 25, 2016 3:36pm
hello everybody,
am going to take a step back from posting here, because am too busy with other things.
my thanks to Bk8 for teaching me and other contributers like monaghan, Ghibli, FX-Flux etc etc for keeping the thread alive and on topic.
wish you all every success.
  • #6,571
  • Oct 25, 2016 3:47pm Oct 25, 2016 3:47pm
Quoting yonnie
hello everybody, am going to take a step back from posting here, because am too busy with other things. my thanks to Bk8 for teaching me and other contributers like monaghan, Ghibli, FX-Flux etc etc for keeping the thread alive and on topic. wish you all every success.
Yonnie we will miss you
  • #6,572
  • Oct 25, 2016 3:59pm Oct 25, 2016 3:59pm
Quoting yonnie
hello everybody, am going to take a step back from posting here, because am too busy with other things. my thanks to Bk8 for teaching me and other contributers like monaghan, Ghibli, FX-Flux etc etc for keeping the thread alive and on topic. wish you all every success.
We will be patiently waiting for your return Thank you for your good job , right here
Read 1st post , if you don't understand something , then , ask a question
  • #6,573
  • Oct 25, 2016 4:00pm Oct 25, 2016 4:00pm
Quoting yonnie
hello everybody, am going to take a step back from posting here, because am too busy with other things. my thanks to Bk8 for teaching me and other contributers like monaghan, Ghibli, FX-Flux etc etc for keeping the thread alive and on topic. wish you all every success.
Hi Yonnie. It has always been nice and learning to read what you have to say. Thank you and all the best. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #6,574
  • Oct 25, 2016 4:03pm Oct 25, 2016 4:03pm
No trades for me Today ..But you can check A/U as a buy setup ..don't see anything else to consider Today..
Read 1st post , if you don't understand something , then , ask a question
  • #6,575
  • Oct 25, 2016 4:07pm Oct 25, 2016 4:07pm
Quoting yonnie
hello everybody, am going to take a step back from posting here, because am too busy with other things. my thanks to Bk8 for teaching me and other contributers like monaghan, Ghibli, FX-Flux etc etc for keeping the thread alive and on topic. wish you all every success.
Not good for me, will miss you. All the best Yonnie!
  • #6,576
  • Oct 25, 2016 4:09pm Oct 25, 2016 4:09pm
Quoting Ghibli
No trades for me Today ..But you can check A/U as a buy setup ..don't see anything else to consider Today..
I think it may go sideways for next few days.
  • #6,577
  • Oct 25, 2016 4:11pm Oct 25, 2016 4:11pm
Quoting Bk8
{quote} I think it may go sideways for next few days.
Yeah, few days ago ,there was a sell setup..that's why I am not taking Today any trades..but , still..someone may have a different opinion
Read 1st post , if you don't understand something , then , ask a question
  • #6,578
  • Oct 25, 2016 4:14pm Oct 25, 2016 4:14pm
No trades for me.

A few closed a break even today and A/N + N/C sitting at a loss for now.
So many in the Commercial section want to make me rich! :o
  • #6,579
  • Oct 25, 2016 4:23pm Oct 25, 2016 4:23pm
All,

fancy giving us an update on profit/loss? As you can see I always keep my trade explorer up so you can see the good and the bad.
So many in the Commercial section want to make me rich! :o
  • #6,580
  • Oct 25, 2016 4:35pm Oct 25, 2016 4:35pm
Quoting FX-Flux
All, fancy giving us an update on profit/loss? As you can see I always keep my trade explorer up so you can see the good and the bad.
Thank you for being so honest, I have a feeling that some people only show their good trades.

Any drawdown bigger than 20% is unacceptable for me when building a new strategy. At what point do you say enough is enough?
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