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Monthly Profit - Daily Trading using SMA

  • #7,841
  • Feb 12, 2017 1:17pm Feb 12, 2017 1:17pm
Sunday 12 Feb 17 - No set ups today
  • #7,842
  • Feb 12, 2017 3:58pm Feb 12, 2017 3:58pm
Quoting onarticus
Sunday 12 Feb 17 - No set ups today
Hello. No trade for me either. Thank you. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #7,843
  • Feb 12, 2017 4:14pm Feb 12, 2017 4:14pm
No trade for me, this is my previous 2 trade.
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  • #7,844
  • Feb 12, 2017 4:51pm Feb 12, 2017 4:51pm
This looks an interesting thread will do some back and forward testing with this. where is BK8 hope everything is ok.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #7,845
  • Feb 12, 2017 8:14pm Feb 12, 2017 8:14pm
How about GBPCAD? Do we take this trade?
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  • #7,846
  • Feb 12, 2017 8:48pm Feb 12, 2017 8:48pm
Quoting andrern2000
How about GBPCAD? Do we take this trade? {image}
Hello. I did not take because of wicks and looses power.
Don't follow me, I am a learner. Good luck.
All the best to all of you. But don't follow me. I am a learner.
  • #7,847
  • Feb 12, 2017 9:22pm Feb 12, 2017 9:22pm
Hello. Been following quite a while here. The pair crosses the SMA many times before settles in the middle of the Bband.Ranging?
  • #7,848
  • Feb 12, 2017 10:14pm Feb 12, 2017 10:14pm
Hello to all here,

I just follow this thread a week and tested from last week until now, so far only got 1 trade loss. Of cause i using a demo to test out this simple strategy 1st to see whether is works or not only will go to love. Just want to share my trade here today as picture below.

I will try keep testing on this for this week, if show a good data, will start with live on next week.
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  • #7,849
  • Feb 12, 2017 10:36pm Feb 12, 2017 10:36pm
Wait, the SMA has to be upward direction (for long)? Would that mean that beside the SMA is crossed, the SMA HAS to point upward as well? (for long)
  • #7,850
  • Feb 12, 2017 11:08pm Feb 12, 2017 11:08pm
Quoting andrern2000
Wait, the SMA has to be upward direction (for long)? Would that mean that beside the SMA is crossed, the SMA HAS to point upward as well? (for long)
Yes, i have 3 point when is clearly show up i only will entry. just same as the 1st thread info.
Long(buy)
1st - when the previous D1 bull candle's body has clearly crossed SMA upper
2nd - SMA 5 has show upward direction only
3rd - candle do not touch on the top of BB, even 1st and 2nd point is very clear but candle was reach top of BB i still not to entry

Short(sell)
1st - when the previous D1 bear candle's body has clearly crossed SMA below
2nd - SMA 5 has show downward direction only
3rd - candle do not touch on the bottom of BB, even 1st and 2nd point is very clear but candle was reach bottom of BB i still not to entry

and i have notice that with this strategy is better don't hold too long, so i just TP up to 17pips only. After 2 hours just look back and see is hit the TP or not, if not hit and i don't care is profit or loss floating i still will close it. this is casting the morning trend after the new candle open and try avoid any news impact to influence my profit.

all info is same as 1st thread, you want to know more details of sample can click the refer link and see.
Please refer #4572 for some examples http://www.forexfactory.com/showthre...17#post9162217
  • #7,851
  • Feb 13, 2017 1:52am Feb 13, 2017 1:52am
Quoting AlexYap
{quote} Yes, i have 3 point when is clearly show up i only will entry. just same as the 1st thread info. Long(buy) 1st - when the previous D1 bull candle's body has clearly crossed SMA upper 2nd - SMA 5 has show upward direction only 3rd - candle do not touch on the top of BB, even 1st and 2nd point is very clear but candle was reach top of BB i still not to entry Short(sell) 1st - when the previous D1 bear candle's body has clearly crossed SMA below 2nd - SMA 5 has show downward direction only 3rd - candle do not touch on the bottom of BB, even...
TP 17 pips only on a D chart does not make sense to me. Sounds like intradaytrading on a daychart, where as I assume day charts are used for swing trading. What is your SL? RR-ratio?
  • #7,852
  • Feb 13, 2017 4:34am Feb 13, 2017 4:34am
Quoting BataviaTrade
{quote} TP 17 pips only on a D chart does not make sense to me. Sounds like intradaytrading on a daychart, where as I assume day charts are used for swing trading. What is your SL? RR-ratio?
actually TP need set to how many is up to you, i set it low is because don't want take the risk to swing and hold it long until 1day, because in a day is too many things will happend (espicially news impact) and make the market up side down but i will try test it go in 2 entry at the same time one set TP to 20pips 1 will just let it run full swing a day and see.
SL setting will be same as the 1st thread say
Stop Loss

  1. high(+15 Pips)/low(-15 Pips) of previous candle, if candle is too short then you may move to T-2 candle.

  • #7,853
  • Feb 13, 2017 6:16am Feb 13, 2017 6:16am
Quoting AlexYap
Hello to all here, I just follow this thread a week and tested from last week until now, so far only got 1 trade loss. Of cause i using a demo to test out this simple strategy 1st to see whether is works or not only will go to love. Just want to share my trade here today as picture below. I will try keep testing on this for this week, if show a good data, will start with live on next week. {image} {image} {image}
How many trades have you taken so far? With what balance did you start with? Will you be able to post your setups, I am also new to this strategy.

Wow - you trade with standard lots? In a live a/c how much balance do you need to start with to trade standard lots?

Best of Luck
  • #7,854
  • Feb 13, 2017 7:16am Feb 13, 2017 7:16am
Quoting kski
{quote} How many trades have you taken so far? With what balance did you start with? Will you be able to post your setups, I am also new to this strategy. Wow - you trade with standard lots? In a live a/c how much balance do you need to start with to trade standard lots? Best of Luck
so far i have done 10 trade from last week (need depends on the market, just see as many as possible pair you can)

i trade with Demo account to test this strategy, i am also new in this strategy. but i test out 3 days is seen like works so i decide to share and discuss together with other, hope can get more improvement.

i starting with demo account 5k to test, maybe i need more longer time to test and see the consistent of this strategy only decide to use real money.

if you want to know details of set up please see the 1st thread is clear explanation. if you want see more sample how to set up click this refer link
Please refer #4572 for some examples http://www.forexfactory.com/showthre...17#post9162217
  • #7,855
  • Feb 13, 2017 7:55am Feb 13, 2017 7:55am
Quoting andrern2000
How about GBPCAD? Do we take this trade? {image}
Hi
Looks a good set up had it not been for where the price is:

a) 3:1 ratio to the bottom bollinger - not much space to the bottom bb
b) not coming off top or bottom bollinger (bb)
c) SMA not pointing down
d) Also looks sideways

When the setups come, they come, when they don't its no trade.
  • #7,856
  • Feb 13, 2017 11:08am Feb 13, 2017 11:08am
Quoting AlexYap
{quote} so far i have done 10 trade from last week (need depends on the market, just see as many as possible pair you can) i trade with Demo account to test this strategy, i am also new in this strategy. but i test out 3 days is seen like works so i decide to share and discuss together with other, hope can get more improvement. i starting with demo account 5k to test, maybe i need more longer time to test and see the consistent of this strategy only decide to use real money. if you want to know details of set up please see the 1st thread is clear...
Its good to share ideas. As SL can be over 100 pips (previous candle) do you still keep a TP of 17 pips?
  • #7,857
  • Feb 13, 2017 1:54pm Feb 13, 2017 1:54pm
13 Feb 2017

First trade of the week:
AUD/CAD SELL 2 Positions
GOLD: SELL 1 position

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  • #7,858
  • Feb 13, 2017 3:22pm Feb 13, 2017 3:22pm
Short G/U?
  • #7,859
  • Feb 13, 2017 3:23pm Feb 13, 2017 3:23pm
I meant Long G/U?
  • #7,860
  • Feb 13, 2017 4:22pm Feb 13, 2017 4:22pm
Quoting RieseP
I meant Long G/U?
Hi. GU is ranging or sideways as BK8 calls it. It's also not near top or bottom BB and also the SMA is flat.

I did take GA long 1 position. Slightly risky but I think Aussie will fall.
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