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Monthly Profit - Daily Trading using SMA

  • #7,481
  • Dec 19, 2016 3:24pm Dec 19, 2016 3:24pm
Quoting mizi123
Here it is arabier down if you like to indi look's like mine here are the settings {file} {image}

Thanx mate. This is great
  • #7,482
  • Dec 19, 2016 3:27pm Dec 19, 2016 3:27pm
Quoting huguet2004
Any setup today guys?
I am looking at CADJPY

Also waiting for the boss and his opinion
  • #7,483
  • Dec 19, 2016 3:32pm Dec 19, 2016 3:32pm
Quoting huguet2004
Any setup today guys?
Mu sugestion is to try to learn to read by yourself charts (acording to rules of these thread), anyway best setups in my opinion are EUR/JPY, GBP/JPY, AUD/JPY and NZD/JPY but because tonight is Japan interest decision conferenc is i a litle beat risky to trade these pairs will be volitality there so take care! All the best
  • #7,484
  • Dec 19, 2016 3:38pm Dec 19, 2016 3:38pm
Quoting Arabier
{quote} I am looking at CADJPY Also waiting for the boss and his opinion
CADJPY is a sell, correct?
  • #7,485
  • Dec 19, 2016 3:52pm Dec 19, 2016 3:52pm
Quoting huguet2004
{quote} CADJPY is a sell, correct?

Yes. But as mizi123 pointed out - all JPY pairs are on a sell, but within 7 hours from now, there will be
a red news announcement and then the market will be very volatile. Either you make good money, or
you loose all your good money

Please be careful
  • #7,486
  • Dec 19, 2016 3:53pm Dec 19, 2016 3:53pm
Quoting mizi123
Hi BK8 and friends. The "mistake" if i can nominate like these (wich for me isn't) of the system from what i see and read from post is big SL, wich makes members to stay away from the system. Me as a dedicated member of the thread after many readings and testing i have reduced these risk to 20 maximum in attempt to entry per trade. As it is the minimum risk is with 50 pips SL per every trade. My idea is these: After we have picked a pair on D1 we step down in H1 and wait for that 1 hour candle match with D1 candel. After these criteria has meet...
Hi, it is okay when you take previous d1 candle for signal, but there is a problem when you take the same hour m15 as a signal, i.e. 4am and 6am, that means that you take 4:15am but 4am candle is not closed yet and it may be green at 5am

i hope i make it clear to understand
  • #7,487
  • Dec 19, 2016 4:10pm Dec 19, 2016 4:10pm
Quoting mizi123
Hi BK8 and friends. The "mistake" if i can nominate like these (wich for me isn't) of the system from what i see and read from post is big SL, wich makes members to stay away from the system. Me as a dedicated member of the thread after many readings and testing i have reduced these risk to 20 maximum in attempt to entry per trade. As it is the minimum risk is with 50 pips SL per every trade. My idea is these: After we have picked a pair on D1 we step down in H1 and wait for that 1 hour candle match with D1 candel. After these criteria has meet...
Great Idea...even I tried to reduce SL but no luck so far. Lets test this system for some time and then we can take a call.
Thanks very much mizi123 for your support!
  • #7,488
  • Dec 19, 2016 4:12pm Dec 19, 2016 4:12pm
Any set up for today?
  • #7,489
  • Dec 19, 2016 4:13pm Dec 19, 2016 4:13pm
Quoting suirad0
{quote} Hi, it is okay when you take previous d1 candle for signal, but there is a problem when you take the same hour m15 as a signal, i.e. 4am and 6am, that means that you take 4:15am but 4am candle is not closed yet and it may be green at 5am i hope i make it clear to understand
For me these what i em talking about is OK Why? Because im based in europe time when london open there are all asian time behinde and i have some clue were things are heading. So everyone need to position him self acording to his timezone and start of the market,,,,,
  • #7,490
  • Dec 19, 2016 4:16pm Dec 19, 2016 4:16pm
Quoting Bk8
{quote} U/C 60 pips profit N/U 135 pips profit Today's Setups Long E/A or E/N (Take only one setup plz) Short A/J or N/J
U/C 120 pips profit
N/U 180 pips profit

E/N 12 pips profit
A/J 90 pips profit
E/A 15 pips profit
N/J 80 pips profit

There are so many JPY setups except CHF/JPY but as mizi123 mentioned that it could be risky due to tonight's red news.
We can try some if market goes in same direction after red news.
  • #7,491
  • Dec 19, 2016 4:17pm Dec 19, 2016 4:17pm
Quoting Bk8
{quote} Great Idea...even I tried to reduce SL but no luck so far. Lets test this system for some time and then we can take a call. Thanks very much mizi123 for your support!
It's my plasure to bee in you side master
  • #7,492
  • Dec 19, 2016 4:23pm Dec 19, 2016 4:23pm
Quoting Bk8
{quote} U/C 120 pips profit N/U 180 pips profit E/N 12 pips profit A/J 90 pips profit E/A 15 pips profit N/J 80 pips profit There are so many JPY setups except CHF/JPY but as mizi123 mentioned that it could be risky due to tonight's red news. We can try some if market goes in same direction after red news.
Just FYI I closed N/U today.
  • #7,493
  • Dec 19, 2016 4:26pm Dec 19, 2016 4:26pm
Hi! Why SMA parameter equals 5? I used Briar Navigator and saw that there is a better parameter. In my opinion SMA parameter requires additional configuration...
  • #7,494
  • Dec 19, 2016 4:48pm Dec 19, 2016 4:48pm
Quoting Bk8
{quote}There are so many JPY setups except CHF/JPY but as mizi123 mentioned that it could be risky due to tonight's red news. We can try some if market goes in same direction after red news.
Indeed. Pity I had to close my CAD/JPY and AUD/JPY shorts, but volatility could have taken away those good profits.
As you say, I'll jump back in if the market keeps same direction (as it should).
  • #7,495
  • Dec 19, 2016 5:03pm Dec 19, 2016 5:03pm
Quoting Bk8
{quote} Great Idea...even I tried to reduce SL but no luck so far. Lets test this system for some time and then we can take a call. Thanks very much mizi123 for your support!
Good idea. What do you mean by 1h candle match with d1 candle?. Do you mean that the price comes back to day open price?.
  • #7,496
  • Dec 19, 2016 7:26pm Dec 19, 2016 7:26pm
Hey fellow traders, are any of you from the USA? I trade with FXCM. They have been good to me so far but theyre going to start charging 10 dollars a month to hold my money. Are there any brokers you guys recommend??
Gentlemen always play by the rules, if they can't, they change them.
  • #7,497
  • Dec 19, 2016 7:51pm Dec 19, 2016 7:51pm
Quoting Bsmile44
Hey fellow traders, are any of you from the USA? I trade with FXCM. They have been good to me so far but theyre going to start charging 10 dollars a month to hold my money. Are there any brokers you guys recommend??
Really, can you please send me any link?
I have 3 fxcm accounts. Thanks for sharing this info.
  • #7,498
  • Dec 19, 2016 8:08pm Dec 19, 2016 8:08pm
Quoting mizi123
Hi BK8 and friends. The "mistake" if i can nominate like these (wich for me isn't) of the system from what i see and read from post is big SL, wich makes members to stay away from the system. Me as a dedicated member of the thread after many readings and testing i have reduced these risk to 20 maximum in attempt to entry per trade. As it is the minimum risk is with 50 pips SL per every trade. My idea is these: After we have picked a pair on D1 we step down in H1 and wait for that 1 hour candle match with D1 candel. After these criteria has meet...
I like this good idea, I will definitely give it a try. Anything that can improve success rate and decreases the risk/reward rate, will make an already successful strategy better.
  • #7,499
  • Dec 20, 2016 12:10am Dec 20, 2016 12:10am
Quoting Bk8
{quote} Just FYI I closed N/U today.
About NZDUSD.
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  • #7,500
  • Dec 20, 2016 1:23am Dec 20, 2016 1:23am
Quoting mizi123
{quote} For me these what i em talking about is OK Why? Because im based in europe time when london open there are all asian time behinde and i have some clue were things are heading. So everyone need to position him self acording to his timezone and start of the market,,,,,
you didn't understand me, it was not about Asian time
in your charts, you take previous D1 candle, then you say step down to H1, but you take M15 on the same hour, i.e. 12:00 H1 candle is not closed and it may be green but you take M15 at 12:00 also
or you do not consider to wait for H1 candle close?
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