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Monthly Profit - Daily Trading using SMA

  • #8,321
  • May 24, 2017 9:12pm May 24, 2017 9:12pm
Hi guys,
I am trying out this system as well..

Would this be a good buy signal?
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  • #8,322
  • May 24, 2017 9:17pm May 24, 2017 9:17pm
Quoting Doppiomalto
I used this bar. But our sma line are different. I'm using a 5 simple moving average, and you. Thank you for help me {image}
I can see our charts are kind of different, and I do not have the skill to tell why. Maybe some of the profs can tell. Timesetting or something.

I was thinking..is this maybe a bit sideways?. Line 3 on the chart.....selling buying selling buying for the same price all the time.. no profit if it does not move in between.

It is good to wait untill sma 5 has gone throughly through and is pointing upwards(if you consider going long. F.ex.), or there are two of the same coloured candles, like in 1&2 which I put on the chart. Then it seems more certain which way the price is moving.

Maybe you should keep an eye on the way the pair goes or put a good sl on.

Nice communicating with you. Let me know if something I say is unclear. Just remember I am a learner...so don't follow me.
Take care.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,323
  • May 24, 2017 9:38pm May 24, 2017 9:38pm
Quoting gyfu
Hi guys, I am trying out this system as well.. Would this be a good buy signal? {image}
Hello.
Yes, I can see sma 5 pointing up. But I just recognized ..there are only 4 long candles a couple of candles back in each of the long trends.
Also the last candles are small. So it seems a bit neutral.

Hope some of the prof can tell you.
Good luck and take care.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,324
  • May 25, 2017 2:44am May 25, 2017 2:44am
Quoting Doppiomalto
{quote} The purple line is the 5 sma line and price crossed it in upward direction yesterday. I read nothing about 5 ema and 20 sma crossing in the first post. What do you mean?

Yes it's not too clear, it's mentions main BB line which is the 20 sma. This is clearer: https://www.forexfactory.com/showthread.php?t=605254
  • #8,325
  • May 25, 2017 3:32am May 25, 2017 3:32am
Quoting Oddbjorg
{quote} Hello. Yes, I can see sma 5 pointing up. But I just recognized ..there are only 4 long candles a couple of candles back in each of the long trends. Also the last candles are small. So it seems a bit neutral. Hope some of the prof can tell you. Good luck and take care. {image}
Hi and thank you for the help

Well, my setting are standard BB (20,2) and 5 SMA (without any shift). Are they right?

For the timesetting I'm Italian, we have daylight saving time and now it's GMT+2. And you?

The line 1&2 were a good explanation Now it's more clear. Thanks
  • #8,326
  • May 25, 2017 4:13am May 25, 2017 4:13am
Quoting jmtini
{quote} Yes it's not too clear, it's mentions main BB line which is the 20 sma. This is clearer: https://www.forexfactory.com/showthread.php?t=605254
But this is the link for h1 strategy, I'm using the D1 chart and I'm following this link https://www.forexfactory.com/showthread.php?t=600112

I'm a dong Maybe I'm wrong...
  • #8,327
  • May 25, 2017 4:27am May 25, 2017 4:27am
Quoting Doppiomalto
I used this bar. But our sma line are different. I'm using a 5 simple moving average, and you. Thank you for help me {image}
Looks like it is headed sideways b4 it will go in your favor..
  • #8,328
  • May 25, 2017 5:00am May 25, 2017 5:00am
Quoting kski
{quote} Looks like it is headed sideways b4 it will go in your favor..
I bought a very small position, but I hope it

Just a question, with B4 you mean the tomorrow bar?
  • #8,329
  • Edited 7:54am May 25, 2017 6:15am | Edited 7:54am
Quoting Doppiomalto
{quote} But this is the link for h1 strategy, I'm using the D1 chart and I'm following this link https://www.forexfactory.com/showthread.php?t=600112 I'm a dong Maybe I'm wrong...

Same strategy - doesn't matter if it's 1 min, hourly, daily, weekly, monthly, yearly!

One works on one time frame is obviously going to work on the other.

It's better to trade on or near the cross. That way you have a good chance of winning. Taking it later on is difficult to estimate reversal/retracement
  • #8,330
  • May 25, 2017 11:31am May 25, 2017 11:31am
Quoting jmtini
{quote} Same strategy - doesn't matter if it's 1 min, hourly, daily, weekly, monthly, yearly! One works on one time frame is obviously going to work on the other. It's better to trade on or near the cross. That way you have a good chance of winning. Taking it later on is difficult to estimate reversal/retracement
Ok, Now I got it

Thanks
  • #8,331
  • May 25, 2017 11:45pm May 25, 2017 11:45pm
Quoting b3ndyx
Dear Bk8, For months I have been follow this thread, and your monthly profit trading system using SMA5 is really simple and powerful. I have a proposal for your system, I had created telegram channel to maximize the system. The telegram will send us every signal of pairs which are crossing SMA5 in daily timeframe. Below are the todays signal. I hope you could contact me at my email { email address deleted by staff } to discuss more about the proposal because I couldnt find a way to contact you unless replying this thread. Thank you so much and I'm...
Unluckily BK8 was disappeared =[
It is possible to automatically post here so everyone still following this thread can discuss together?
  • #8,332
  • May 26, 2017 7:28am May 26, 2017 7:28am
AUDUSD on retracement
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I used to be indecisive but now I'm not so sure...
  • #8,333
  • May 26, 2017 8:13am May 26, 2017 8:13am
Quoting Filipo1
AUDUSD on retracement {image}
Do you think it's a good idea trade with this system on friday night (sunday)?
  • #8,334
  • May 26, 2017 9:08am May 26, 2017 9:08am
Quoting Doppiomalto
{quote} Do you think it's a good idea trade with this system on friday night (sunday)?
Probably not although last week I had a sell trade open on GBPJPY and the gap was 90 pips! Nice trade but rare and dangerous of course. I tried to trade a recovery on GJ today and got nicely stopped out!
  • #8,335
  • May 26, 2017 9:16am May 26, 2017 9:16am
Quoting b3ndyx
Dear Bk8, For months I have been follow this thread, and your monthly profit trading system using SMA5 is really simple and powerful. I have a proposal for your system, I had created telegram channel to maximize the system. The telegram will send us every signal of pairs which are crossing SMA5 in daily timeframe. Below are the todays signal. I hope you could contact me at my email { email address deleted by staff } to discuss more about the proposal because I couldnt find a way to contact you unless replying this thread. Thank you so much and I'm...
Hi, How can i join the telegram?
  • #8,336
  • May 26, 2017 10:09am May 26, 2017 10:09am
Quoting Filipo1
AUDUSD on retracement {image}

Absolutely perfect and I think an excellent idea to trade retracement on the hourly chart. Hope Oddbjorg agrees!
  • #8,337
  • May 26, 2017 11:03am May 26, 2017 11:03am
Quoting Doppiomalto
{quote} Do you think it's a good idea trade with this system on friday night (sunday)?
Hi Doppiomalto,
Yes and no...
Yes because I consider myself a swing trader, a proclamation helping me to cultivate patience so if there is an attractive setup I enter.
No because of the risk of gap over the weekend (which in this case seems limited) remains an issue.
Solution: avoid oversized trades on an undercapitalized account.
I used to be indecisive but now I'm not so sure...
  • #8,338
  • May 26, 2017 11:23am May 26, 2017 11:23am
It's a great system and works on the higher time frames down to the hourly chart really well. Would be great to have an alert set up! Of course if one has a VPS then one can use a couple of indi's which are available free to download on FF which send email/push alert on ema or sma cross.
  • #8,339
  • May 26, 2017 11:34am May 26, 2017 11:34am
Quoting jmtini
It's a great system and works on the higher time frames down to the hourly chart really well. Would be great to have an alert set up! Of course if one has a VPS then one can use a couple of indi's which are available free to download on FF which send email/push alert on ema or sma cross.
Did you check Alertfx ? It might do the job.
I used to be indecisive but now I'm not so sure...
  • #8,340
  • May 26, 2017 11:38am May 26, 2017 11:38am
Quoting Filipo1
{quote} Did you check Alertfx ? It might do the job.
Thanks! Never heard of it but looks really good.
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