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Monthly Profit - Daily Trading using SMA

  • #8,341
  • May 27, 2017 3:28am May 27, 2017 3:28am
USDTRY spicy trading: beware trade size due to huge spreads and volatility.
In addition upward move potentially limited by weekly resistance line.
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I used to be indecisive but now I'm not so sure...
  • #8,342
  • May 27, 2017 4:15am May 27, 2017 4:15am
EURUSD - What do you think about this analysis? I think this trade should be in profit if at opening the market will not change...
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  • #8,343
  • May 27, 2017 4:24am May 27, 2017 4:24am
Quoting Filipo1
USDTRY spicy trading: beware trade size due to huge spreads and volatility. In addition upward move potentially limited by weekly resistance line. {image} {image}
Sorry I wouldn't touch that pair with a barge pole! Nor USDCHF nor USDCAD - all subject to choppy, volatile movement. Too dangerous
  • #8,344
  • Edited 11:12am May 27, 2017 4:37am | Edited 11:12am
Quoting jmtini
{quote} Sorry I wouldn't touch that pair with a barge pole! Nor USDCHF nor USDCAD - all subject to choppy, volatile movement. Too dangerous
Which pairs do you trade?
  • #8,345
  • Edited 2:07am May 28, 2017 1:51am | Edited 2:07am
Quoting Doppiomalto
EURUSD - What do you think about this analysis? I think this trade should be in profit if at opening the market will not change... {image}
Agreed Doppiomalto but as the pair has been a bit range trading recently with Friday's low matching Monday's low I would sell below 1.1160 with TP1 in the 1.1065 - 1.1080 range (encompassing daily Bollinger middle band and weekly Ichimoku upper cloud limit). Ideally we should open two positions simultaneously and let the second one run until inverse signal.
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I used to be indecisive but now I'm not so sure...
  • #8,346
  • May 28, 2017 4:58am May 28, 2017 4:58am
[quote=Doppiomalto;9916201]{quote} Which pairs do you trade?[/quote

GA, EC, GC, GJ, EJ sometimes GU, GZ
  • #8,347
  • Edited 1:17pm May 28, 2017 11:18am | Edited 1:17pm
Quoting Filipo1
{quote} Agreed Doppiomalto but as the pair has been a bit range trading recently with Friday's low matching Monday's low I would sell below 1.1160 with TP1 in the 1.1065 - 1.1080 range (encompassing daily Bollinger middle band and weekly Ichimoku upper cloud limit). Ideally we should open two positions simultaneously and let the second one run until inverse signal. {image} {image}
Well, now there's another question. For you it's better waiting next daily bar or setting a pending order 15 pips below 1.1160?
  • #8,348
  • May 28, 2017 1:03pm May 28, 2017 1:03pm
EUR/USD SHORT

[IMG]file:///C:/Users/cp/AppData/Local/Temp/enhtmlclip/live.trader.bg.jpg[/IMG]

EUR/JPY SHORT

[IMG]file:///C:/Users/cp/AppData/Local/Temp/enhtmlclip/live.trader.bg(1).jpg[/IMG]

CHF/JPY SHORT

[IMG]file:///C:/Users/cp/AppData/Local/Temp/enhtmlclip/live.trader.bg(2).jpg[/IMG]

AUD/JPY SHORT

[IMG]file:///C:/Users/cp/AppData/Local/Temp/enhtmlclip/live.trader.bg(3).jpg[/IMG]
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Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #8,349
  • May 28, 2017 2:48pm May 28, 2017 2:48pm
Hello
No trade.
Good luck to you all this week.
All the best to all of you. But don't follow me. I am a learner.
  • #8,350
  • May 28, 2017 3:17pm May 28, 2017 3:17pm
Quoting Doppiomalto
{quote} Well, now there's another question. For you it's better waiting next daily bar or setting a pending order 15 pips below 1.1160?
Why 15 pips below 1.1160? Considering Bk8's recommendation to set stop-loss at +/- 15 pips of the signal candlestick's high/low and a TP1 say at 1.1070 a trade with an entry point as you suggested at 1.1145 is not really worth with a R/R ratio below 1. Even at 1.1158 entry we hardly reach it...
I used to be indecisive but now I'm not so sure...
  • #8,351
  • May 28, 2017 3:43pm May 28, 2017 3:43pm
Quoting Filipo1
{quote} Why 15 pips below 1.1160? Considering Bk8's recommendation to set stop-loss at +/- 15 pips of the signal candlestick's high/low and a TP1 say at 1.1070 a trade with an entry point as you suggested at 1.1145 is not really worth with a R/R ratio below 1. Even at 1.1158 entry we hardly reach it...
I was wrong. I meant 1,5 pip cause with my broker I have to trade with decimal. So I meant 1.11585, but as you said it would be very hard reach a good R/R. But waiting another candle I think it won't reach a good R/R too. Maybe we should just see this trade or risk and sell tonight
I don't know

And then, tomorrow USA and China market should be closed. I think I'll do no trade tonight.
  • #8,352
  • May 28, 2017 6:02pm May 28, 2017 6:02pm
Quoting b3ndyx
{quote} Finally I Find the way to share the telegram with you all... please take a look at my profile... but makesure you have the telegram... and next search my username there... Here are another setup {image} {image}
Would you able to specify Daily timeframe? What you have shared is 5 minute TF?

TIA
  • #8,353
  • May 29, 2017 4:06pm May 29, 2017 4:06pm
Quoting b3ndyx
{quote} Finally I Find the way to share the telegram with you all... please take a look at my profile... but makesure you have the telegram... and next search my username there... Here are another setup {image} {image}

Can't fault your analysis. I see you're posting D1 and M5 side by side. However why not D1 and H1? Anyway just my thoughts.
  • #8,354
  • May 30, 2017 11:37am May 30, 2017 11:37am
Quoting b3ndyx
{quote} Hi Kski... as you can see in my screenshot there only D1 TF analysis... becaused i want to concentrate in stress free trading using my mobile device.
Sorry I must have been blind when I posted that.. not sure why I thought it was M5 TF..

Thank you b3ndyx
  • #8,355
  • May 30, 2017 3:10pm May 30, 2017 3:10pm
Quoting kski
{quote} Sorry I must have been blind when I posted that.. not sure why I thought it was M5 TF.. Thank you b3ndyx
That makes two of us! Sorry
  • #8,356
  • May 30, 2017 6:03pm May 30, 2017 6:03pm
Any one see potential in these set-ups?
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  • #8,357
  • Edited 7:21pm May 30, 2017 7:10pm | Edited 7:21pm
Not so convinced of any trade to night.
cjpy may run south a bit more. But I don't have that from the start, so I would not start now.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #8,358
  • May 31, 2017 12:56am May 31, 2017 12:56am
Yesterday I didn't trade cause I did not see any good setup...
  • #8,359
  • May 31, 2017 1:33am May 31, 2017 1:33am
GBPCHF. Continuation signal on yesterday's candle, will the support line hold?
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I used to be indecisive but now I'm not so sure...
  • #8,360
  • Edited 4:30am May 31, 2017 4:03am | Edited 4:30am
Quoting Filipo1
GBPCHF. Continuation signal on yesterday's candle, will the support line hold? {image} {image}
I do not think it will hold based on Ichimoku daily chart.
Basically we have a breakout under the cloud followed by a re-test retracement and now back to the South , same with Chikou Span breaking below historic closes, Tenkan Sen, Kijun Sen, re-testing Kijun sen and back down.

Additionally on the weekly BB chart last candlestick was strong and closed well below the sma20 which increases the chance for downtrend continuation.
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I used to be indecisive but now I'm not so sure...
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