Monthly Profit - Daily Trading using SMA | Page 364 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #7,261
  • Nov 30, 2016 4:58pm Nov 30, 2016 4:58pm
Quoting huguet2004
is EURAUD a entry for today?
for me yes:
Entry

  1. Long - When previous D1 bull candle's body has clearly crossed SMA and did not touch BB upper band.

  • #7,262
  • Nov 30, 2016 4:59pm Nov 30, 2016 4:59pm
Quoting Bk8
{quote} NZD/CHF 50 pips profit (1st Position closed) EURAUD 45 pips loss, will close on breakeven. Todays Setup Short AUD/NZD
NZD/CHF still running with green pips
EUR/AUD hit SL
AUD/NZD got 80+ pips profit, will close first position today

Todays Setups

Short AUD/CAD
Long USD/JPY
  • #7,263
  • Nov 30, 2016 5:23pm Nov 30, 2016 5:23pm
Quoting Bk8
{quote} NZD/CHF still running with green pips EUR/AUD hit SL AUD/NZD got 80+ pips profit, will close first position today Todays Setups Short AUD/CAD Long USD/JPY
Thanks.
All the best to all of you. But don't follow me. I am a learner.
  • #7,264
  • Nov 30, 2016 5:25pm Nov 30, 2016 5:25pm
Quoting Bk8
{quote} NZD/CHF still running with green pips EUR/AUD hit SL AUD/NZD got 80+ pips profit, will close first position today Todays Setups Short AUD/CAD Long USD/JPY
USD/JPY is up against major resistance level. Won't be playing with that one today!
  • #7,265
  • Nov 30, 2016 5:28pm Nov 30, 2016 5:28pm
Quoting PipThePanda
{quote} USD/JPY is up against major resistance level. Won't be playing with that one today!
It does look very bullish however
  • #7,266
  • Nov 30, 2016 6:07pm Nov 30, 2016 6:07pm
Quoting Bk8
{quote} NZD/CHF still running with green pips EUR/AUD hit SL AUD/NZD got 80+ pips profit, will close first position today Todays Setups Short AUD/CAD Long USD/JPY

Can you give SL and TP in order to understand better your strategy?
  • #7,267
  • Nov 30, 2016 6:30pm Nov 30, 2016 6:30pm
What about buying USd Sgd?
  • #7,268
  • Nov 30, 2016 7:31pm Nov 30, 2016 7:31pm
Quoting FX-Flux
{quote}Using an EA?
Bang bang shut dad everybody's going mad all i wana say is EA start to shut piiiiim
Attached Image (click to enlarge)
Click to Enlarge Name: fll.png Size: 3 KB
  • #7,269
  • Nov 30, 2016 11:26pm Nov 30, 2016 11:26pm
Quoting PipThePanda
{quote} It does look very bullish however
Hi PipThePanda, indeed looking at the monthly we face a challenging situation with current level on cumulated resistance of both Bollinger middle band and 61.8 Fibonacci retracement.
On the oscillators RSI passed the test well above 50 let's see if MACD will cross over.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-12-01-06-21-34.png Size: 266 KB
I used to be indecisive but now I'm not so sure...
  • #7,270
  • Dec 1, 2016 12:28am Dec 1, 2016 12:28am
G/U looks strong up for today. I keep USD index (DXY) open on the screen all time. It tells a lot about the market.
  • #7,271
  • Dec 1, 2016 2:27am Dec 1, 2016 2:27am
Quoting Sanbernardin
{quote} Can you give SL and TP in order to understand better your strategy?
It's all in post #1 of this thread, read it! Normally you can set SL below the previous day's low, but in these choppy end of year markets you can set the SL somewhat lower - according to your position size. With a smaller opening position you can use wider SL - it's up to you. Most important of course is a good initial setup, read the charts!
TP is more difficult to set- depends on the strength of the momentum of the pair. I set a modest TP- 20-30 pips - for the first position, and if reached I set the 2nd position SL to break even, and let it run or close out. You can of course manage the second position too if you have time to watch it.

Don't be too greedy - better take small profits than nothing at all. That's what I have learned - in my choppy career of forex trading.
  • #7,272
  • Dec 1, 2016 3:04am Dec 1, 2016 3:04am
Quoting mizi123
{quote} Bang bang shut dad everybody's going mad all i wana say is EA start to shut piiiiim {image}
Haha I don't mind them!!! But which one are you using? is it related to this strat?
So many in the Commercial section want to make me rich! :o
  • #7,273
  • Dec 1, 2016 5:49am Dec 1, 2016 5:49am
Quoting FX-Flux
{quote} Haha I don't mind them!!! But which one are you using? is it related to this strat?
The 1st that you have send me on skype for H4
  • #7,274
  • Dec 1, 2016 12:40pm Dec 1, 2016 12:40pm
Quoting noux09
{quote} It's all in post #1 of this thread, read it! Normally you can set SL below the previous day's low, but in these choppy end of year markets you can set the SL somewhat lower - according to your position size. With a smaller opening position you can use wider SL - it's up to you. Most important of course is a good initial setup, read the charts! TP is more difficult to set- dependson the strength of the momentum of the pair. I seta modest TP- 20-30 pips - for the first position, and if
reached I set the 2nd position SL to break even, and...
Thanks for your reply. I read the first post but what it is left unclear, in my opinion, is the problem of the profit/loss ratio. Sometimes, when the previous daily candle is very long, you have a SL of many pips, which can affect the profit/loss ratio and bring you to the decision of not opening the trade. Is there a suggested profit/loss ratio?
  • #7,275
  • Dec 1, 2016 2:29pm Dec 1, 2016 2:29pm
Quoting Sanbernardin
{quote} Thanks for your reply. I read the first post but what it is left unclear, in my opinion, is the problem of the profit/loss ratio. Sometimes, when the previous daily candle is very long, you have a SL of many pips, which can affect the profit/loss ratio and bring you to the decision of not opening the trade. Is there a suggested profit/loss ratio?
Take a look for example Babypips.com school, where they explain risk management. It is not a clear and easy question. Experience has shown me I cannot use a fixed risk/reward ratio, but I adjust it in various situations, e.g if you open a buy at a very strong support you can use a bigger r/r ratio.
As to the big previous day's candle, use a smaller position to set the S/L lower if you want to take the trade. If the trade goes your way you can rise the S/L and open another trade (if your account can bear it).
  • #7,276
  • Dec 1, 2016 4:06pm Dec 1, 2016 4:06pm
Quoting noux09
{quote} Take a look for example Babypips.com school, where they explain risk management. It is not a clear and easy question. Experience has shown me I cannot use a fixed risk/reward ratio, but I adjust it in various situations, e.g if you open a buy at a very strong support you can use a bigger r/r ratio. As to the big previous day's candle, use a smaller position to set the S/L lower if you want to take the trade. If the trade goes your way you can rise the S/L and open another trade (if your account can bear it).
Thanks, very helpful and clear
  • #7,277
  • Dec 1, 2016 4:09pm Dec 1, 2016 4:09pm
what trades ae recommended today?
  • #7,278
  • Dec 1, 2016 4:18pm Dec 1, 2016 4:18pm
I am with + 25 pips with selling audcad, - 49 pips with buying Usdjpy and + 45 pips with selling eurcad from yesterday
  • #7,279
  • Dec 1, 2016 4:23pm Dec 1, 2016 4:23pm
Quoting Bk8
{quote} NZD/CHF still running with green pips EUR/AUD hit SL AUD/NZD got 80+ pips profit, will close first position today Todays Setups Short AUD/CAD Long USD/JPY
2nd Setup NZD/CHF and AUD/NZD stopped on breakeven

AUD/CAD and USD/JPY both were green but USD/JPY reversed later

I closed both of them with few pips profit.

No Setups for today.
  • #7,280
  • Dec 1, 2016 4:24pm Dec 1, 2016 4:24pm
I am looking at long E/N and short N/CHF-
9 traders viewing now