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Monthly Profit - Daily Trading using SMA

  • #7,161
  • Nov 27, 2016 4:36pm Nov 27, 2016 4:36pm
Any entry for today guys?
  • #7,162
  • Nov 27, 2016 4:47pm Nov 27, 2016 4:47pm
Hi all it's clear that most of traders say , EUR/USD goes down but before going down it goes up , first try to break 1.062 and then 1.063 if it breaks this level with high volume i am sure it goes toward 1.6590 and after ranging between this level and higher 1.070 it goes toward dominant trend and bounce back toward 1.055. Draghi speaking will be very important for today trend (for short time)
Wish you best
  • #7,163
  • Nov 27, 2016 4:53pm Nov 27, 2016 4:53pm
NZD/USD
  • #7,164
  • Nov 27, 2016 6:42pm Nov 27, 2016 6:42pm
Quoting JustUncleL
{quote} I have just joined this forum, I find this simple strategy quite easy to follow. The strategy can be traded with the raw rules or it can be easily customised with your own trading techniques and style, for example adding a confirming indicator or adding Support and Resistance lines. Caillo can you tell me what you base your Fibo levels on? From what I see in the charts, the set ups I see for Monday would be AU, NU, EC, NC and maybe Silver, is this correct?
My fibo levels are based on weekly, but are my proprietary system. Meaning the way I plot them and what I use them in terms of price differs VERY much from the regular fibonacci indicators the charts have Most everybody that learn forex from babypips (which I did too in the beginning) or books, or any other way other than professionally learn to just take a swing high and a swing low and plot the fibonacci. I don't use 76.4% for example, i use 82.0%.. market tends to retrace better on this number. I also use 1.382% and 1.8200% as extension of fibonacci for extreme price movements.

For aud/usd the cross of SMA occured 11/22 and the order flow of the market for aud/usd is down at moment. See pic. What I would do if I trade this pair?
I would wait for it to reach the 38.2% and look for a break of the prev low to enter.. or if the market is feeling to go with the trend I will enter short on the break of 74.00

For nzd/usd I would enter with caution, because order flow is down, I will put a tight stop loss, and target 82% @0.7101 or 61.8% @0.7175

Eur/CAD looks beautiful.. I actually enter long myself.. hahaha! I put a stop loss @ 1.41870 even though it's too far away, I planned to move it after candle closes 11:00 CST (my time). I put a TP for 1.4602 but will be monitoring the price action because the order flow for this is also down. I will look for any chance of retracement to go short around 1.4380 or 1.4450 which is 21 EMA (my prefer moving average)

And finally NZD/CAD looks good on my chart, crossed sma friday close, so it's a go. Just be careful, because I couldn't measure my fibonacci points, price reach it's highest point and don't have points of reference to measure them, for my like! so follow the strategy in the thread to take profit.

Hopefully this helped you!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: nzdusd.jpg Size: 162 KB
  • #7,165
  • Nov 27, 2016 7:44pm Nov 27, 2016 7:44pm
Quoting caillo
{quote} My fibo levels are based on weekly, but are my proprietary system. Meaning the way I plot them and what I use them in terms of price differs VERY much from the regular fibonacci indicators the charts have Most everybody that learn forex from babypips (which I did too in the beginning) or books, or any other way other than professionally learn to just take a swing high and a swing low and plot the fibonacci. I don't use 76.4% for example, i use 82.0%.. market tends to retrace better on this number. I also use 1.382% and 1.8200% as extension...
Thank you for your detailed explanation of your analysis, this gives great incite into how you evaluate your trades.
  • #7,166
  • Nov 27, 2016 8:00pm Nov 27, 2016 8:00pm
Quoting JustUncleL
{quote} Thank you for your detailed explanation of your analysis, this gives great incite into how you evaluate your trades.
No prob. Hopefully I was able to help.
  • #7,167
  • Nov 28, 2016 2:14am Nov 28, 2016 2:14am
Quoting ErikH
NZD/USD
Good one. Move to break even + a few pips. I found that during my testing it's always better to do this in case it quickly turns around. You don't want to be in a position where you're just hoping it turns around.
So many in the Commercial section want to make me rich! :o
  • #7,168
  • Nov 28, 2016 2:25am Nov 28, 2016 2:25am
My current open trades. Just took it during Asia opening.

So so far so good.
Attached Image(s) (click to enlarge)
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  • #7,169
  • Nov 28, 2016 4:10am Nov 28, 2016 4:10am
Quoting Jure86
{quote} This is why I said price and MA crossing is nothing new and I'm sure system is not profitable with rules in 1st post... As with every system there is trader who makes difference...
I might sound like I'm making excuses to why i didn't make money with this system, but i know i was inconsistent with lot size and closing early ect. I might try it again once i test on a few more pairs, as I've already found that some pairs are too choppy for this MA method.
So many in the Commercial section want to make me rich! :o
  • #7,170
  • Nov 28, 2016 4:57am Nov 28, 2016 4:57am
Hii Guys I am a new trader trading since past 6 months.
Lost few accounts.
Now again i started with a new Live account and lost 20% of my account within 2 weeks.

I was looking for a proper system and i landed on this post.
I see its really easy and people have positive view on this system.
So i decided to work on this trading system.

I would share my feedback about it once i get some results.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY(SMA D1, BB, RSI System).png Size: 42 KB
  • #7,171
  • Nov 28, 2016 6:24am Nov 28, 2016 6:24am
I made a mistake and did not check the calendar for nees today.. Those that have open positionsin Euro pairs and Canadian pairs beware of the speeches today.
  • #7,172
  • Nov 28, 2016 7:02am Nov 28, 2016 7:02am
Quoting FX-Flux
{quote} ... as I've already found that some pairs are too choppy for this MA method.
You found some pairs are to avoid? Which ones?
  • #7,173
  • Nov 28, 2016 7:11am Nov 28, 2016 7:11am
I hate Mondays, the retracement is killing me! Hopefully the speech will give me some greens or I will be stopped out.
  • #7,174
  • Nov 28, 2016 7:23am Nov 28, 2016 7:23am
Quoting caillo
I made a mistake and did not check the calendar for nees today.. Those that have open positionsin Euro pairs and Canadian pairs beware of the speeches today.
Yup, EURCAD and NZDCAD hit stoploss. I am out for today.
  • #7,175
  • Nov 28, 2016 7:32am Nov 28, 2016 7:32am
Stopped on CADCHF, just the continuation of trials and errors process.
I used to be indecisive but now I'm not so sure...
  • #7,176
  • Nov 28, 2016 7:49am Nov 28, 2016 7:49am
Quoting Filipo1
Stopped on CADCHF, just the continuation of trials and errors process.
I got stopped out in EUR/CAD, and reversed my position, now I'm short, looking for a hit of my 1.382% level @ 1.37617
looking at my chart, price did hit the 82% level @1.4380 as mentioned in the analysis post. MAN THIS LEVELS DON'T LIE.. haha! and retrace and kept going with the trend (order flow) which is down.

Still have my usd/chf short open, and now short eur/cad.. PLEASE! PLEASE! Draghi say something stupid!
  • #7,177
  • Nov 28, 2016 7:52am Nov 28, 2016 7:52am
Quoting Filipo1
Stopped on CADCHF, just the continuation of trials and errors process.
Here is a possible lead to a better setups filtering
I used to be indecisive but now I'm not so sure...
  • #7,178
  • Nov 28, 2016 7:53am Nov 28, 2016 7:53am
Quoting Filipo1
{quote} Here is a possible lead to a better setups filtering
Here
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-11-28-14-47-58.png Size: 157 KB
I used to be indecisive but now I'm not so sure...
  • #7,179
  • Nov 28, 2016 7:55am Nov 28, 2016 7:55am
Maybe better wait for Stochastic 20,5,5 cross.
I used to be indecisive but now I'm not so sure...
  • #7,180
  • Nov 28, 2016 8:25am Nov 28, 2016 8:25am
Opec meeting on Wednesday 30th November may rock CAD. Beware.
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