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Monthly Profit - Daily Trading using SMA

  • #8,081
  • Mar 21, 2017 8:16am Mar 21, 2017 8:16am
Quoting kski
{quote} All my cj trades have been wrong. Mid bb seems to have been the resistance. Since TDi also seems to indicate short as also bk8 d1 set up, I thought it would be correct. Was the set up valid yesterday? I am trying to fig out if I am seeing it incorrectly? Any light will help... Should I have waited for it to cross mid bb, before jumping in? TIA {image}
The yellow candle = +++
All the best to all of you. But don't follow me. I am a learner.
  • #8,082
  • Mar 21, 2017 9:02am Mar 21, 2017 9:02am
Quoting Oddbjorg
{quote} The yellow candle = +++
When I entered into it, it was blue. During the day it has become yellow.
  • #8,083
  • Mar 21, 2017 10:34am Mar 21, 2017 10:34am
Quoting kski
{quote} When I entered into it, it was blue. During the day it has become yellow.
--
As I understand it you went long earlier today. But since the price has gone down.

Was it a good setup - or was it a bit weakly convincing?

Was sm5 crossing and pointing upwards?
Were there wicks?
Was the candle small?

If it doesn't really travel well up and well down, we can not get anything out of it, because the price doesn't change so much.

BK8 advices to make the trade at start of a new trading day. For me it is 21.00 gmt --- or in 6 hours.
So it is the sign of how a whole day looks, we will use for setting the new trade.

But since yesterdays candle was so small and had wicks, so it would maybe be better not looking at it as a good set up.

Well - please write again if you do not understand anything of what I just said.
All the best to all of you. But don't follow me. I am a learner.
  • #8,084
  • Mar 21, 2017 1:52pm Mar 21, 2017 1:52pm
Quoting Oddbjorg
{quote} -- As I understand it you went long earlier today. But since the price has gone down. Was it a good setup - or was it a bit weakly convincing? Was sm5 crossing and pointing upwards? Were there wicks? Was the candle small? If it doesn't really travel well up and well down, we can not get anything out of it, because the price doesn't change so much. BK8 advices to make the trade at start of a new trading day. For me it is 21.00 gmt --- or in 6 hours. So it is the sign of how a whole day looks, we will use for setting the new trade. But since...
I entered into this trade around 5 p.m EST when the new candle starts.

Yes it clearly crossed SMA 5 and pointing downwards. My trade was short. This morning when I checked, SL was hit.

The previous day's wick was too long when compared to the candle(looking from mobile after the fact - must make it a habit to check in mobile before taking trade), but, if you look at the screen shot I attached, wicks do not stand out. Forget that I said I got stopped out, by simply looking at the attachment, would you consider that a valid setup? If you don't think it is valid set up, could you be provide your reasoning?

TIA
  • #8,085
  • Mar 21, 2017 2:46pm Mar 21, 2017 2:46pm
Maybe something for you all to try so that you better your risk reward...

look for your usual setup

draw a fibonacci from high/low

set your sell/buy at the 50% or 61% re-tracement.

Move SL to low/high +/- 15 pips if the candle moved in your favour.
Attached Image (click to enlarge)
Click to Enlarge Name: HhSIePnf.png Size: 118 KB
So many in the Commercial section want to make me rich! :o
  • #8,086
  • Mar 21, 2017 5:23pm Mar 21, 2017 5:23pm
Hello
Looking at AudNzd
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1333.PNG Size: 1.0 MB
All the best to all of you. But don't follow me. I am a learner.
  • #8,087
  • Mar 21, 2017 6:24pm Mar 21, 2017 6:24pm
Quoting Oddbjorg
Hello Looking at AudNzd {image}
Yup I also took this.
And NU long. Is this a valid set up?
  • #8,088
  • Mar 21, 2017 6:28pm Mar 21, 2017 6:28pm
Aud/Usd Short? Also Aud/Nzd short but I prefer set up on 1st pair -
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3558.PNG Size: 98 KB
  • #8,089
  • Mar 21, 2017 7:12pm Mar 21, 2017 7:12pm
Quoting kski
{quote} Yup I also took this. And NU long. Is this a valid set up?
Maybe. But the candle is red and small ... sideways.... ...so maybe there comes a short sign tomorrownigth
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1334.PNG Size: 236 KB
All the best to all of you. But don't follow me. I am a learner.
  • #8,090
  • Edited 7:34pm Mar 21, 2017 7:19pm | Edited 7:34pm
Quoting RieseP
Aud/Usd Short? Also Aud/Nzd short but I prefer set up on 1st pair - {image}
Hello
Yes it looks like it..
All the best to all of you. But don't follow me. I am a learner.
  • #8,091
  • Mar 22, 2017 5:56pm Mar 22, 2017 5:56pm
Usd/Cad Short?
  • #8,092
  • Mar 22, 2017 6:27pm Mar 22, 2017 6:27pm
USD/CAD seems to be there, bothered by the long wick though..
How about AUD/CAD short? It seems to be bouncing off mid BB. I guess this is not valid set up..
  • #8,093
  • Mar 22, 2017 8:19pm Mar 22, 2017 8:19pm
I am not really sure about any trade to nigth. So just...good nigth
All the best to all of you. But don't follow me. I am a learner.
  • #8,094
  • Mar 23, 2017 7:05pm Mar 23, 2017 7:05pm
No trade
All the best to all of you. But don't follow me. I am a learner.
  • #8,095
  • Mar 26, 2017 6:42pm Mar 26, 2017 6:42pm
No trade but in H1 bk8 system.
Thank you.
All the best to all of you. But don't follow me. I am a learner.
  • #8,096
  • Mar 27, 2017 12:49pm Mar 27, 2017 12:49pm
Hello
I am just ......having....
A little thougth of the note bk8 had about, that after 3 candles, you better look out and see if you shall close the trade, because the trend and power could be finish. I think he used the expression tired. I don't know. Do you others see what I mean?
Thank you.
Oddbj.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: IMG_1362.PNG Size: 238 KB
All the best to all of you. But don't follow me. I am a learner.
  • #8,097
  • Mar 27, 2017 5:56pm Mar 27, 2017 5:56pm
But this pair just keeps on.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1371.PNG Size: 250 KB
All the best to all of you. But don't follow me. I am a learner.
  • #8,098
  • Mar 27, 2017 9:47pm Mar 27, 2017 9:47pm
My analysis for 28-March

Daily TF
GBPCHF - Check for Down
NZDUSD - Check for down
AUDCAD - turn up on D1 support lvl?
AUDCHF - can move down to montly support lvl (0.75167 ~ 0.74332)
AUDJPY - stuck on Daily support lvl - check turn up
CADCHF - On Daily support lvl. (0.73652) - On break through, it can move to 0.72224 - Strong down trend!!

I can be wrong!!
  • #8,099
  • Mar 28, 2017 12:39am Mar 28, 2017 12:39am
All,

For long time didn't check this tread,
Does anyone can help me, is there any EA reminder/alert if the candle break SMA 5 ?

thanks
  • #8,100
  • Mar 28, 2017 1:10am Mar 28, 2017 1:10am
Quoting Shangkay99
All, For long time didn't check this tread, Does anyone can help me, is there any EA reminder/alert if the candle break SMA 5 ? thanks
No EA or push notification. You need to look physically at all the charts, unless you use 2 MA Crossover with alerts. If you find something very use full, please share
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