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Monthly Profit - Daily Trading using SMA

  • #7,761
  • Feb 1, 2017 11:30am Feb 1, 2017 11:30am
I think this strategy has legs, not all strategies are consistent. However I like this strategy as running a business it's hard to find the time to study charts.

I also use a stoch oscillator (15,5,5) and basic PA and Fib Retracment to filter good and bad trades.

Quality over Quantity
  • #7,762
  • Feb 1, 2017 11:49am Feb 1, 2017 11:49am
Nzd/Usd or Nzd/Jpy?
  • #7,763
  • Feb 1, 2017 12:51pm Feb 1, 2017 12:51pm
Quoting RieseP
Nzd/Usd or Nzd/Jpy?
Let's see what happens after the red news in 10 minutes time...
  • #7,764
  • Feb 1, 2017 2:24pm Feb 1, 2017 2:24pm
Not sure how to share image link but I'll give it a go.

https://www.tradingview.com/x/wBogxNtJ/
G/A: might go long if closes above 1.67

https://www.tradingview.com/x/Gi21pzIi/
G/C: long, nice sharp ema5

https://www.tradingview.com/x/PKX4m4a9/
G/J: I dont trade, price is close to trendline

https://www.tradingview.com/x/xBqvlsYN/
G/N: looks good.


G/C and G/N are both on my hotlist.
  • #7,765
  • Feb 1, 2017 4:24pm Feb 1, 2017 4:24pm
Hi
My trades today are: AUDNZD & GBPNZD

Fingers crossed.
  • #7,766
  • Feb 1, 2017 4:35pm Feb 1, 2017 4:35pm
Quoting onarticus
Hi My trades today are: AUDNZD & GBPNZD Fingers crossed.
Gbpnzd has a negative correlation of 58% on daily chart with eurusd. It means that if eurusd will go up, gbpnzd will go down.
  • #7,767
  • Feb 1, 2017 5:49pm Feb 1, 2017 5:49pm
Hello.
Trying AN. Don't follow me. I'm a learner.
All the best to all of you. But don't follow me. I am a learner.
  • #7,768
  • Feb 1, 2017 5:53pm Feb 1, 2017 5:53pm
Quoting DjPriz
{quote} Oddjborg, your resilience with using this strategy over the past 6 months has really motivated me to get involved with this thread again. I'm not expert but I will continue to post my trades... Thank you
Hello. Thanks for the positive words. Firstly-don't follow me. I am a learner.
Yes, in the first tread Bk8 asked us tell of our trades, that's why have my boldness to do so. And I like as well to see what the others are doing around this strategy. Best of luck.
All the best to all of you. But don't follow me. I am a learner.
  • #7,769
  • Feb 1, 2017 5:58pm Feb 1, 2017 5:58pm
Aud/Nzd has hit the 50% Fib level, this is not to say there more scope to the upside on this pair.

However look at Nzd/Usd with that pinbar.

  • #7,770
  • Feb 1, 2017 5:59pm Feb 1, 2017 5:59pm
Quoting Sanbernardin
{quote} Gbpnzd has a negative correlation of 58% on daily chart with eurusd. It means that if eurusd will go up, gbpnzd will go down.
Thanks. I'm invested heavily in the NZD weakness but unclear how the correlation of EURUSD would affect my two positions choices?
  • #7,771
  • Feb 2, 2017 3:45am Feb 2, 2017 3:45am
Quoting Oddbjorg
Hello. Trying AN. Don't follow me. I'm a learner.
02 02 2017 09:41 gmt
Trade 1)+2) 50 + pips each.
It is running up with upper bb, but there are wicks. So I wil close 1) and 2) I will put sl on 15 pips.
Have a nice day and good luck.
All the best to all of you. But don't follow me. I am a learner.
  • #7,772
  • Feb 2, 2017 4:41am Feb 2, 2017 4:41am
Aud/Nzd found resistance at the 89 and 200 ema. I have closed my positions on this with 52 pips each.

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  • #7,773
  • Edited 5:47am Feb 2, 2017 5:26am | Edited 5:47am
Quoting Oddbjorg
{quote} Hello. Thanks for the positive words. Firstly-don't follow me. I am a learner. Yes, in the first tread Bk8 asked us tell of our trades, that's why have my boldness to do so. And I like as well to see what the others are doing around this strategy. Best of luck.
You are my inspiration too - since you have hung on to this strategy and you seem to have mastered the knack of amassing big pips...

I am aware that you have used both D & H1 Tfs Bk8 strategy - what was your experience between these, does H1 give as much pips as D? If you can, could you please provide pro vs cons?

Wish this thread were more active..
  • #7,774
  • Feb 2, 2017 8:41am Feb 2, 2017 8:41am
Quoting kski
{quote} You are my inspiration too - since you have hung on to this strategy and you seem to have mastered the knack of amassing big pips... I am aware that you have used both D & H1 Tfs Bk8 strategy - what was your experience between these, does H1 give as much pips as D? If you can, could you please provide pro vs cons? Wish this thread were more active..
Hello
I think they are both good in their own way
All the best to all of you. But don't follow me. I am a learner.
  • #7,775
  • Feb 2, 2017 1:25pm Feb 2, 2017 1:25pm
Quoting Oddbjorg
{quote} 02 02 2017 09:41 gmt Trade 1)+2) 50 + pips each. It is running up with upper bb, but there are wicks. So I wil close 1) and 2) I will put sl on 15 pips. Have a nice day and good luck.
2-2-2017 19 20 gmt.
Both AN from yesterday now are closed 110 pips all together. It seems like there will be some set ups to nigth, but I think the pairs are so tired in the direction they have. Several short candels in a roll and vica versa.
So I better not be greedy and be content about this day, and hold my peace. Don't follow me. I am a learner. Good luck.
Thank you.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #7,776
  • Feb 2, 2017 1:40pm Feb 2, 2017 1:40pm
Hi
2 Feb 2017: Closed AN for 89 pips and second still running currently 91 pips. I will move SL to 20 pips just like Onbjorb.

My problem is GN which is - minus 190 pips. What does BK8 advise. Do I move my TP to breakeven and let it run to SL? I only took one position as it wasn't a great set up anyway.

Lesson: only take solid looking entries.

Thanks
  • #7,777
  • Feb 2, 2017 2:57pm Feb 2, 2017 2:57pm
Quoting onarticus
Hi 2 Feb 2017: Closed AN for 89 pips and second still running currently 91 pips. I will move SL to 20 pips just like Onbjorb. My problem is GN which is - minus 190 pips. What does BK8 advise. Do I move my TP to breakeven and let it run to SL? I only took one position as it wasn't a great set up anyway. Lesson: only take solid looking entries. Thanks
Sorry for you. When did you take it?
All the best to all of you. But don't follow me. I am a learner.
  • #7,778
  • Feb 2, 2017 4:33pm Feb 2, 2017 4:33pm
Quoting Oddbjorg
{quote} Sorry for you. When did you take it?
Thanks - I took it last night - hopefully it will recover. Happy about AN tho! 170 pips!
  • #7,779
  • Feb 2, 2017 4:34pm Feb 2, 2017 4:34pm
No set-ups today.
GN long still running. TP to BE.
  • #7,780
  • Feb 2, 2017 5:10pm Feb 2, 2017 5:10pm
Quoting onarticus
No set-ups today. GN long still running. TP to BE.
I think we will see more movement on the downside on G/N it found resistance on 89ema and the E/N found resistance on the E/N. Close it with profit if you can
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