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Monthly Profit - Daily Trading using SMA

  • #7,301
  • Dec 5, 2016 1:38pm Dec 5, 2016 1:38pm
And buying EurCad?
  • #7,302
  • Dec 5, 2016 2:29pm Dec 5, 2016 2:29pm
Quoting Sanbernardin
And buying EurCad?
EC look's good to me
Attached Image (click to enlarge)
Click to Enlarge Name: ec.png Size: 30 KB
  • #7,303
  • Dec 5, 2016 4:04pm Dec 5, 2016 4:04pm
I sold my USD/JPY today with a measly profit. It shows a doji on HA chart now, and it usually means change of direction.
I keep my 2nd GBP/USD running, with a 50 pips SL now.. It is in good profit 220 pips.
  • #7,304
  • Dec 5, 2016 4:10pm Dec 5, 2016 4:10pm
I sold usdchf and bought eurcad, just a few minutes ago
  • #7,305
  • Dec 5, 2016 4:16pm Dec 5, 2016 4:16pm
Quoting Sanbernardin
I sold usdchf and bought eurcad, just a few minutes ago
There is regular berish divergence on EC i have to wait......
Attached Image (click to enlarge)
Click to Enlarge Name: bb.png Size: 28 KB
  • #7,306
  • Dec 5, 2016 4:19pm Dec 5, 2016 4:19pm
Quoting mizi123
{quote} There is regular berish divergence on EC i have to wait...... {image}
Usually some retracement during Asian market hours. Enter later.....I don't think you really need to look for divergence just look at the daily candles and the 4hr candles of previous days. Best of luck to you.
  • #7,307
  • Dec 5, 2016 4:29pm Dec 5, 2016 4:29pm
Quoting calderone
{quote} Usually some retracement during Asian market hours. Enter later.....I don't think you really need to look for divergence just look at the daily candles and the 4hr candles of previous days. Best of luck to you.
Yes Calderone thanc you for the advice and you are totally right , but i have question: wich part is best to enter in your point of wiev in such cases!? Thanc you.
  • #7,308
  • Dec 5, 2016 4:34pm Dec 5, 2016 4:34pm
Quoting mizi123
{quote} Yes Calderone thanc you for the advice and you are totally right , but i have question: wich part is best to enter in your point of wiev in such cases!? Thanc you.

I will usually wait to make sure the asian market moves opposite the signal I want and place a stop order above the high of the daily candle(for a buy). This ensures I only get in if the high is broken and it may sometimes saves you from a bad trade if you entered on a retrace of say 50% or whatever....That's just what I do, do whatever you are comfortable with.

The downside is sometimes the market continues right away and you may miss out.
  • #7,309
  • Dec 5, 2016 4:44pm Dec 5, 2016 4:44pm
Quoting calderone
{quote} I will usually wait to make sure the asian market moves opposite the signal I want and place a stop order above the high of the daily candle(for a buy). This ensures I only get in if the high is broken and it may sometimes saves you from a bad trade if you entered on a retrace of say 50% or whatever....That's just what I do, do whatever you are comfortable with. The downside is sometimes the market continues right away and you may miss out.
Thanc you buddy same here God blees you
  • #7,310
  • Dec 5, 2016 4:54pm Dec 5, 2016 4:54pm
Quoting Bk8
{quote} SMA cross and overall downtrend, why is the confusion {image}
I must have missed the change in the rules. Sorry. Time to read post 1 again.
  • #7,311
  • Dec 5, 2016 5:32pm Dec 5, 2016 5:32pm
For all friends who are strugling with calculations of position sizing 1 good example hou things need's to look like and need to be calculated...
Attached File(s)
File Type: xlsx Magic-of-Money-Management.xlsx   72 KB | 407 downloads
  • #7,312
  • Dec 5, 2016 7:08pm Dec 5, 2016 7:08pm
Hello. No trade for me. Thanks for all your teachings for us learners.
All the best to all of you. But don't follow me. I am a learner.
  • #7,313
  • Dec 5, 2016 10:05pm Dec 5, 2016 10:05pm
Quoting thor888
{quote} I must have missed the change in the rules. Sorry. Time to read post 1 again.
No you should be fine, Sundays candle might have confused but anyway it reversed after 30 pips so you must be happy person
  • #7,314
  • Edited 11:45pm Dec 5, 2016 10:06pm | Edited 11:45pm
Quoting Oddbjorg
Hello. No trade for me. Thanks for all your teachings for us learners.
Thanks for your continued support.

No setups for me today either.
  • #7,315
  • Dec 5, 2016 11:32pm Dec 5, 2016 11:32pm
Quoting Bk8
{quote} Thanks for continued support. No setups for me today either.

Can you explain why no selling usdchf and buying eurcad? Thanks
  • #7,316
  • Dec 6, 2016 12:49am Dec 6, 2016 12:49am
I am currently opening 1 selling position for USDCHF.I believe Bk8 avoided this setup due to the previous consolidation signs right? @Bk8
  • #7,317
  • Dec 6, 2016 3:13am Dec 6, 2016 3:13am
Tribute to Fibonacci.

Hello traders, without ruling out the downward channel in place since May 3rd, did you realize that most of the main recent S/R levels on the daily derive directly from the 24Jun2016 candlestick Fibonacci levels?

https://www.tradingview.com/x/JWNKQd38/
I used to be indecisive but now I'm not so sure...
  • #7,318
  • Dec 6, 2016 3:13am Dec 6, 2016 3:13am
Quoting Filipo1
Tribute to Fibonacci. Hello traders, without ruling out the downward channel in place since May 3rd, did you realize that most of the main recent S/R levels on the daily derive directly from the 24Jun2016 candlestick Fibonacci levels? https://www.tradingview.com/x/JWNKQd38/
P.S. on EURUSD
I used to be indecisive but now I'm not so sure...
  • #7,319
  • Dec 6, 2016 11:25am Dec 6, 2016 11:25am
Quoting Bk8
{quote} No you should be fine, Sundays candle might have confused but anyway it reversed after 30 pips so you must be happy person
Finally N/CAD is green and I am out as per our rule.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_9535.PNG Size: 106 KB
  • #7,320
  • Dec 6, 2016 2:16pm Dec 6, 2016 2:16pm
I cannot find any set up for tomorrow, wednesday 7 December
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