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Monthly Profit - Daily Trading using SMA

  • #8,041
  • Mar 16, 2017 8:35am Mar 16, 2017 8:35am
Quoting kski
{quote} Oddbjorg and other seasoned experts in this strategy - Is beginning of 3 a valid entry point? If 5 opens in upward direction - would that still be valid long position? shg - nice?. Answers from experts should give better insight
Hello
Ups - now I don't hope I have made a profile of my self being a prof.
The only thing I am - is a learner, and then dare to put a record of my trades good and bad. BK8 asked us to.
I have learned by reading BK8's and Ghibli's charts and posts https://www.forexfactory.com/ghibli over and over again.
And of birning my fingers - having luck with ice - too.

My challenge is to return to the charts,

- see what looked good for a trade that I took, and it really was good for trade no. x)
- see what I was thinking looked good for a trade that I took, but was not right and was a bad setup for making trade no. y)

Maybe it would be good to do here on the thread, and see if we could share and learn.

Sorry for being longwinded. Hope someone has a really good answer to you.
If I come to a chart where I can see something good about sma 3 and sma 5 together, I'll let you know.

Good luck
All the best to all of you. But don't follow me. I am a learner.
  • #8,042
  • Mar 16, 2017 10:28am Mar 16, 2017 10:28am
Quoting kski
{quote} Oddbjorg and other seasoned experts in this strategy - Is beginning of 3 a valid entry point? If 5 opens in upward direction - would that still be valid long position? shg - nice?. Answers from experts should give better insight
Hi Shg and Kski,

I am not sure I got your question right but Bk8 mentioned on several occasions that you can re-enter in trend continuation each time the initial criteria are met, means each time a candlestick crosses the SMA5 in the same direction of the moving average.
Here is an illustration with AUDNZD:

https://www.tradingview.com/x/YWV8yAyt/
I used to be indecisive but now I'm not so sure...
  • #8,043
  • Mar 16, 2017 4:32pm Mar 16, 2017 4:32pm
The catch of the day... hopefully.
Attached Image(s) (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #8,044
  • Mar 16, 2017 5:09pm Mar 16, 2017 5:09pm
Quoting Filipo1
{quote} Hi Shg and Kski, I am not sure I got your question right but Bk8 mentioned on several occasions that you can re-enter in trend continuation each time the initial criteria are met, means each time a candlestick crosses the SMA5 in the same direction of the moving average. Here is an illustration with AUDNZD: https://www.tradingview.com/x/YWV8yAyt/
Thanks Filipo...

best regards
  • #8,045
  • Mar 16, 2017 5:16pm Mar 16, 2017 5:16pm
I am in GU...this is my first trade...i used sma3 as well(as suggested by Oddbjorg) to have a clear picture...it seems like it should go north...Clear cross and bollinger middle band which is MA20 should support...NOt sure if i am wrong but will learn slowly...

Attached Image (click to enlarge)
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  • #8,046
  • Edited 7:50pm Mar 16, 2017 7:16pm | Edited 7:50pm
Quoting Arabier
{quote} Oddbjorg, please give me details please. Would like to have template Thank you
Hello.
Sorry I did not see your request like this untill now.
I have tried to make two charts examples from yesterday, which I have running. One good and one not so good. And then some more things.

It is in posts 379 to 381.
It is on this link.
https://www.forexfactory.com/showthr...605254&page=19
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,047
  • Edited 9:11pm Mar 16, 2017 7:26pm | Edited 9:11pm
Quoting Filipo1
The catch of the day... hopefully. {image} {image} {image} {image}
In your EURCAD, shouldn't MA 5 be pointing upwards for it to be a valid setup? Do you have a shift for SMA 5?

Also EURGBP looks like it is going sideways on mt4 desktop, however in mobile app that chart matches with yours. Is it just me or does smaller screen on mobile help with trend clarity better than on wide screen?

TIA
Attached Image (click to enlarge)
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  • #8,048
  • Mar 16, 2017 7:29pm Mar 16, 2017 7:29pm
Hi, are there a EA that check if any pairs's cross above/below SMA?
Or we just check by ourselves one by one?
  • #8,049
  • Mar 16, 2017 8:12pm Mar 16, 2017 8:12pm
Quoting shg
I am in GU...this is my first trade...i used sma3 as well(as suggested by Oddbjorg) to have a clear picture...it seems like it should go north...Clear cross and bollinger middle band which is MA20 should support...NOt sure if i am wrong but will learn slowly... {image}
Hello
This looks good for you. Are you in your third day in this trade since sma 3 & 5 crossed?

In the old days it was a must to have sma 3 & 5 crossing. But Bk8 changed it again to only use 5 sma alone.
Sometimes I just have a look how that goes as well together with the real strategy.
All the best and take care.
All the best to all of you. But don't follow me. I am a learner.
  • #8,050
  • Mar 16, 2017 10:22pm Mar 16, 2017 10:22pm
Quoting Oddbjorg
{quote} Hello This looks good for you. Are you in your third day in this trade since sma 3 & 5 crossed? In the old days it was a must to have sma 3 & 5 crossing. But Bk8 changed it again to only use 5 sma alone. Sometimes I just have a look how that goes as well together with the real strategy. All the best and take care.
today is the first day...i just learned about this system

thanks
  • #8,051
  • Mar 16, 2017 11:18pm Mar 16, 2017 11:18pm
Quoting brian661
Hi, are there a EA that check if any pairs's cross above/below SMA? Or we just check by ourselves one by one?
Currently checking manually one by one...

thanks
  • #8,052
  • Mar 16, 2017 11:59pm Mar 16, 2017 11:59pm
Quoting kski
{quote} In your EURCAD, shouldn't MA 5 be pointing upwards for it to be a valid setup? Do you have a shift for SMA 5? Also EURGBP looks like it is going sideways on mt4 desktop, however in mobile app that chart matches with yours. Is it just me or does smaller screen on mobile help with trend clarity better than on wide screen? TIA {image}
Hi Kski, on EURCAD I must confess I entered slightly before closing and did not see this change in SMA direction and for EURGBP it is indeed due to vertical / horizontal view but you are right it is borderline with sideways.
I used to be indecisive but now I'm not so sure...
  • #8,053
  • Mar 17, 2017 12:04am Mar 17, 2017 12:04am
Quoting Oddbjorg
{quote} Hello This looks good for you. Are you in your third day in this trade since sma 3 & 5 crossed? In the old days it was a must to have sma 3 & 5 crossing. But Bk8 changed it again to only use 5 sma alone. Sometimes I just have a look how that goes as well together with the real strategy. All the best and take care.
Hi Oddbjorg and Shg, just to clarify it was never mentioned by Bk8 to use SMA3 but SMA5,0 (regular) crossing SMA5,3 means 5 shift 3 for confirmation, which was finally changed to keep only SMA5 without shift.
Hope this helps.
I used to be indecisive but now I'm not so sure...
  • #8,054
  • Edited 12:23am Mar 17, 2017 12:11am | Edited 12:23am
Just trailed S/L on NZDJPY and EURGBP as both trades retrace against initial setup.
This is not orthodox to this strategy however but it seems we are stuck in hourly rather than daily trends so far...
Attached Image(s) (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #8,055
  • Mar 17, 2017 1:51am Mar 17, 2017 1:51am
Quoting brian661
Hi, are there a EA that check if any pairs's cross above/below SMA? Or we just check by ourselves one by one?
Look in attachments. Daily cross v.7 by FX-Flux
  • #8,056
  • Mar 17, 2017 2:46am Mar 17, 2017 2:46am
Quoting Filipo1
{quote} Hi Oddbjorg and Shg, just to clarify it was never mentioned by Bk8 to use SMA3 but SMA5,0 (regular) crossing SMA5,3 means 5 shift 3 for confirmation, which was finally changed to keep only SMA5 without shift. Hope this helps.
Hello
Yes it does. It was good I was corrected on that.
Thank you.
All the best to all of you. But don't follow me. I am a learner.
  • #8,057
  • Mar 17, 2017 2:48am Mar 17, 2017 2:48am
Quoting shg
{quote} today is the first day...i just learned about this system thanks
Hello.
Did you see Filippo helping us clarifying concerning sma 5 and 3 ?

Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,058
  • Mar 17, 2017 4:54am Mar 17, 2017 4:54am
Quoting Oddbjorg
{quote} Hello. Did you see Filippo helping us clarifying concerning sma 5 and 3 ? Oddbj.
Wich moving evarage im using? And what settings?
  • #8,059
  • Mar 17, 2017 5:33am Mar 17, 2017 5:33am
Quoting Filipo1
{quote} Hi Kski, on EURCAD I must confess I entered slightly before closing and did not see this change in SMA direction and for EURGBP it is indeed due to vertical / horizontal view but you are right it is borderline with sideways.
Thank you Filipo1.

Best Regards
  • #8,060
  • Mar 17, 2017 5:39am Mar 17, 2017 5:39am
Quoting Oddbjorg
{quote} Hello. Did you see Filippo helping us clarifying concerning sma 5 and 3 ? Oddbj.
No i just read....will try that out...i just closed all my trades...i took other trades as well and i made roughly $75. Reason for closing is because of friday...i do not wanted to keep the trades open...i may trade on demo from monday to make myself use to it. I wanted to manage my risk as well so i have to make myself familiar. So far i have traded H4 so this will be my first experience in daily chart...

Good Luck to everyone...

green pips
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