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Monthly Profit - Daily Trading using SMA

  • #7,081
  • Nov 23, 2016 6:29pm Nov 23, 2016 6:29pm
Quoting Rashaud210
If down on a position and it comes back to breakeven is that the point of exit?
Thats right
  • #7,082
  • Nov 23, 2016 6:49pm Nov 23, 2016 6:49pm
Quoting ficibald
{quote} Oddbjorg you still profitable.if not secret?
24 nov 00:46 Hello. No, there is no secret. I tell my trades - pair when I take it, and then how status is on it the next evening for 1) and 2).
What I have to share to night is uc 1)+ pips 2) - pips. Nu both stopped with loss. - Trade now: AudCad.
I am glad if someone can improve my way of sharing results etc. Thank you.
All the best to all of you. But don't follow me. I am a learner.
  • #7,083
  • Nov 23, 2016 8:36pm Nov 23, 2016 8:36pm
Quoting PipThePanda
{quote} If it breaks the support level it is currently sitting at it will be . If it fails to break then it will bounce back up. Its had a bullish trend since June. Valid set-up for SMA cross, Good Luck .
I don't see how this U/C trade is still on? Or even close to positive. It is heading in the wrong direction quite bullishly now!
  • #7,084
  • Nov 23, 2016 9:45pm Nov 23, 2016 9:45pm
Quoting PipThePanda
{quote} I don't see how this U/C trade is still on? Or even close to positive. It is heading in the wrong direction quite bullishly now!
I took long positions on 11/18
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  • #7,085
  • Nov 23, 2016 11:15pm Nov 23, 2016 11:15pm
Quoting Bk8
{quote} I took long positions on 11/18 {image}

Hi Bk8 do you sometimes place your stop-loss lower than the standard rule?
I am asking because if I had bought on 11/18 according to the rule I would have set my S/L at 11/17 low - 15pips means depending on brokers more or less at 1.34 - 15 pips = 1.3385. But then I would have been stopped by 11/23 low at 1.3377.
I used to be indecisive but now I'm not so sure...
  • #7,086
  • Nov 23, 2016 11:33pm Nov 23, 2016 11:33pm
Quoting Oddbjorg
{quote} 24 nov 00:46 Hello. No, there is no secret. I tell my trades - pair when I take it, and then how status is on it the next evening for 1) and 2). What I have to share to night is uc 1)+ pips 2) - pips. Nu both stopped with loss. - Trade now: AudCad. I am glad if someone can improve my way of sharing results etc. Thank you.
Thats good.you can share by making trade explorer there in ff
  • #7,087
  • Nov 24, 2016 1:18am Nov 24, 2016 1:18am
Quoting Filipo1
{quote} Hi Bk8 do you sometimes place your stop-loss lower than the standard rule? I am asking because if I had bought on 11/18 according to the rule I would have set my S/L at 11/17 low - 15pips means depending on brokers more or less at 1.34 - 15 pips = 1.3385. But then I would have been stopped by 11/23 low at 1.3377.
Sory for typo, please read: ...by 11/22 low.
I used to be indecisive but now I'm not so sure...
  • #7,088
  • Nov 24, 2016 1:58am Nov 24, 2016 1:58am
Quoting Filipo1
{quote} Hi Bk8 do you sometimes place your stop-loss lower than the standard rule? I am asking because if I had bought on 11/18 according to the rule I would have set my S/L at 11/17 low - 15pips means depending on brokers more or less at 1.34 - 15 pips = 1.3385. But then I would have been stopped by 11/23 low at 1.3377.
yes Filipo1 sometimes if I find many bounces within 5-10 pips. In this case I should have SL 1.3385 but adding 7-10 pips covered candle from 11/10 too.
  • #7,089
  • Nov 24, 2016 2:07am Nov 24, 2016 2:07am
Quoting Bk8
{quote} Thats right
Sorry BK8, I like that trade, but don't see how this would comply to the rules here. That shoul've been a SOLD instead. The buy was 12 candles ago...

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  • #7,090
  • Nov 24, 2016 2:53am Nov 24, 2016 2:53am
I want work without sl but i take low risk position from now
  • #7,091
  • Nov 24, 2016 3:11am Nov 24, 2016 3:11am
Quoting Filipo1
{quote} Hi Bk8 do you sometimes place your stop-loss lower than the standard rule? I am asking because if I had bought on 11/18 according to the rule I would have set my S/L at 11/17 low - 15pips means depending on brokers more or less at 1.34 - 15 pips = 1.3385. But then I would have been stopped by 11/23 low at 1.3377.
Yes, I have the same question.
  • #7,092
  • Nov 24, 2016 3:18am Nov 24, 2016 3:18am
Quoting Bk8
{quote} yes Filipo1 sometimes if I find many bounces within 5-10 pips. In this case I should have SL 1.3385 but adding 7-10 pips covered candle from 11/10 too.
Understand. This is not a system if you don't follow your own rules!
On 11/18 you had bearish candle and on 11/19 you had SELL signal. You also had SELL signal on 11/15. Looks like you have many accounts and open many trades. Then you post your winning trades here to tell us how good this "system" is.
And opening BUY on 11/18 was breaking the rule of avoiding sideways pattern.
This is not system, this is something all trades must avoid!
  • #7,093
  • Nov 24, 2016 3:23am Nov 24, 2016 3:23am
You should also bought E/U and N/U on 11/22 regarding to this system and guess what, they both hit SL.
  • #7,094
  • Nov 24, 2016 6:36am Nov 24, 2016 6:36am
[quote=Bk8;9282045]{quote} I took long positions on 11/18 {image}[/q
Please tell us how you are using the MACD.
  • #7,095
  • Nov 24, 2016 8:02am Nov 24, 2016 8:02am
Quoting Jure86
You should also bought E/U and N/U on 11/22 regarding to this system and guess what, they both hit SL.
Sideways move on both. SMART traders would have passed these on to the lesser smart traders.
  • #7,096
  • Nov 24, 2016 8:32am Nov 24, 2016 8:32am
Quoting tomthepoppop
{quote} Sideways move on both. SMART traders would have passed these on to the lesser smart traders.
What is sideways? Left or right? If LEFT tell me why. This is not profitable system if following rules! Of course you can always find excuses for loss trades, like in this case, it is sideways, sometimes SL is just a litlle lower then +/-15pips,...
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  • #7,097
  • Nov 24, 2016 8:39am Nov 24, 2016 8:39am
Quoting Jure86
{quote} What is sideways? Left or right? If LEFT tell me why. This is not profitable system if following rules! Of course you can allways find excuses for loss trades, like in this case, it is sideways... bla bla bla {image}
It seems to me the only reason this system is not profitable for some is the TRADER. It is profitable for some and that also is due to the TRADER. Its all in how you look at charts and perceive what you are looking at. If your chart is GMT2 instead of GMT-5 then that could be a difference and so on and so on. But just because it is not profitable for you is no reason to come BLABBERING on this thread about how ineffective a TRADER you might be. Make some changes that suit you or just move on to another thread.
  • #7,098
  • Nov 24, 2016 8:49am Nov 24, 2016 8:49am
Quoting tomthepoppop
{quote} It seems to me the only reason this system is not profitable for some is the TRADER. It is profitable for some and that also is due to the TRADER. Its all in how you look at charts and perceive what you are looking at. If your chart is GMT2 instead of GMT-5 then that could be a difference and so on and so on. But just because it is not profitable for you is no reason to come BLABBERING on this thread about how ineffective a TRADER you might be. Make some changes that suit you or just move on to another thread.
And again diplomatic answer...
Quoting tomthepoppop
Sideways move on both. SMART traders would have passed these on to the lesser smart traders.
Quoting Jure86
What is sideways? Left or right? If LEFT tell me why. This is not profitable system if following rules! Of course you can always find excuses for loss trades, like in this case, it is sideways, sometimes SL is just a litlle lower then +/-15pips,...
Why don't you answer my SIMPLE question from lesser smart trader as you calling me? For a SMART trader as you are this should be easy...
  • #7,099
  • Nov 24, 2016 8:54am Nov 24, 2016 8:54am
Hello. Prompt, what currency pairs to trade is better to take on this system a novice?
  • #7,100
  • Nov 24, 2016 9:04am Nov 24, 2016 9:04am
Quoting w0lfcub
Hello. Prompt, what currency pairs to trade is better to take on this system a novice?
Some of us "less smart trades" think that the best is to stay away from this system.
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