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Monthly Profit - Daily Trading using SMA

  • #7,801
  • Feb 6, 2017 9:11pm Feb 6, 2017 9:11pm
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.
  • #7,802
  • Feb 6, 2017 10:14pm Feb 6, 2017 10:14pm
Still in this .
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2 nd trade
  • #7,803
  • Feb 7, 2017 3:18am Feb 7, 2017 3:18am
Looking ok safe now.
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  • #7,804
  • Feb 7, 2017 4:46am Feb 7, 2017 4:46am
Quoting Peter81
My trade for today -'usdcad long
Thank you - I missed this one and I entered late last night.
Currently 113 pips positive.
  • #7,805
  • Feb 7, 2017 5:06am Feb 7, 2017 5:06am
Quoting onarticus
{quote} Thank you - I missed this one and I entered late last night. Currently 113 pips positive.
+100 pips myself
  • #7,806
  • Feb 7, 2017 5:16am Feb 7, 2017 5:16am
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
  • #7,807
  • Feb 7, 2017 5:19am Feb 7, 2017 5:19am
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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  • #7,808
  • Feb 7, 2017 5:19am Feb 7, 2017 5:19am
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...
  • #7,809
  • Feb 7, 2017 5:23am Feb 7, 2017 5:23am
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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  • #7,810
  • Feb 7, 2017 5:24am Feb 7, 2017 5:24am
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
  • #7,811
  • Feb 7, 2017 8:13am Feb 7, 2017 8:13am
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.
  • #7,812
  • Feb 7, 2017 8:34am Feb 7, 2017 8:34am
stopped out of GB /AUD for + 30 pips
  • #7,813
  • Feb 7, 2017 10:07am Feb 7, 2017 10:07am
Quoting orid
stopped out of GB /AUD for + 30 pips
USDCHF maybe a candidate for tonight.
  • #7,814
  • Feb 7, 2017 1:30pm Feb 7, 2017 1:30pm
Quoting onarticus
{quote} USDCHF maybe a candidate for tonight.
I'm still a newbie but Usd/chf looks really good to me...
  • #7,815
  • Feb 7, 2017 3:04pm Feb 7, 2017 3:04pm
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.
  • #7,816
  • Feb 7, 2017 3:11pm Feb 7, 2017 3:11pm
EURUSD is starting to look like a sell. I took the UsdCad trade also, good call! +120 for me.
  • #7,817
  • Feb 7, 2017 3:28pm Feb 7, 2017 3:28pm
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
  • #7,818
  • Feb 7, 2017 3:35pm Feb 7, 2017 3:35pm
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.
  • #7,819
  • Feb 7, 2017 3:54pm Feb 7, 2017 3:54pm
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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  • #7,820
  • Feb 7, 2017 4:32pm Feb 7, 2017 4:32pm
I also placed an USD/CHF order
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