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Attachments: Monthly Profit - Daily Trading using SMA
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Monthly Profit - Daily Trading using SMA

Quoting DjPriz
{quote} Lost more than I made, but I'm a beginner. What keeps me here is fine tuning trade selection, as I have made more pips with this strategy then any other method.
Thanks for answering! When I first came on here and tried this method out I didn't know much about technical analysis so I jumped into any trade that somewhat met the rules and I lost a lot. Now that I know more I'm sure I can filter out the trades. With everyone loving this strategy I believe I can be profitable if I add some tweaks.
Still in this .
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2 nd trade
Looking ok safe now.
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Quoting Peter81
My trade for today -'usdcad long
Thank you - I missed this one and I entered late last night.
Currently 113 pips positive.
Quoting onarticus
{quote} Thank you - I missed this one and I entered late last night. Currently 113 pips positive.
+100 pips myself
Quoting DjPriz
{quote} +100 pips myself
Cool.
As per BK8's rules, it states "close the first setup after taking profit on same day ". What do people tend to do? What time or what criteria on the same day? Wonder if BK8 meant when you revisit at the start of the new daily candle again - ie., during your next 15 min analysis of the charts?

Hope someone can answer.

Thanks
Quoting Oddbjorg
Small amount audchf. Concerned about wick.
Hi Oddbjorg,
Do you have the same chart as me? I didn't get an entry?

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Quoting onarticus
{quote} Cool. As per BK8's rules, it states "close the first setup after taking profit on same day ". What do people tend to do? What time or what criteria on the same day? Wonder if BK8 meant when you revisit at the start of the new daily candle again - ie., during your next 15 min analysis of the charts? Hope someone can answer. Thanks
I belive he left closing the first setup to you and just leaving the second one running...
Quoting DjPriz
{quote} I belive he left closing the first setup to you and just leaving the second one running...
Thank you. I noticed there is a Trendline about to be hit on USDCAD. Are you considering closing it then? As the ADR has been hit already too.

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I normally wait wait for the close of the candle


Quoting onarticus
{quote} Cool. As per BK8's rules, it states "close the first setup after taking profit on same day ". What do people tend to do? What time or what criteria on the same day? Wonder if BK8 meant when you revisit at the start of the new daily candle again - ie., during your next 15 min analysis of the charts? Hope someone can answer. Thanks
Quoting onarticus
{quote} Thank you. I noticed there is a Trendline about to be hit on USDCAD. Are you considering closing it then? As the ADR has been hit already too. Screenshot2.png;2176183 {image}
I closed for 112 pips. I only had one position though.
stopped out of GB /AUD for + 30 pips
Quoting orid
stopped out of GB /AUD for + 30 pips
USDCHF maybe a candidate for tonight.
Quoting onarticus
{quote} USDCHF maybe a candidate for tonight.
I'm still a newbie but Usd/chf looks really good to me...
Quoting onarticus
{quote} USDCHF maybe a candidate for tonight.
Jumped into this one early. A bit of a wick but its moving it the right direction so far .

I also still have both positions of USDCAD open. Will see how the next few hours go.
EURUSD is starting to look like a sell. I took the UsdCad trade also, good call! +120 for me.
Gbpcad long is looking good for today. I am skipping this as i am already shorting cad through usdcad positions. Looks like a good opportunity for anyone who mossed usdcad yesterday
Quoting Peter81
Gbpcad long is looking good for today. I am skipping this as i am already shorting cad through usdcad positions. Looks like a good opportunity for anyone who mossed usdcad yesterday
Its a nice strong cross but for me its a bit too sideways. And it is close to price range that it was stuck in during December.

I like the look of EUR/USD, might be a good short for a day or two.
Tues 7th Feb. Took USDCHF - 2 positions. Looks good I think.
AUDUSD looks tempting too but 5 ema not pointing down.
GBPCAD is only on the middle BB, not for me.

Fingers crossed and good luck to all.

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I also placed an USD/CHF order
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