If your long term win ratio is above 50% (even 40%), you are on the right track. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

Or you can use swing low +/- 15 pips for SL to give more room if you can adjust your trade size accordingly to keep the risk same. In this case, 112.075 - 15 pips, and you would have been keeping your long EJ position. By doing so, you may increase ...

Monthly Profit - Daily Trading using SMA

By doing so, actually you are kind of doubling your position and doubling your risk, because EUR and CHF are generally moving in tandem (have a look at EURCHF weekly since August 2015, you'll see that the pair moves around 1.0900 +/- 100 (excluding ...

Monthly Profit - Daily Trading using SMA

This is the current view for GBPCAD for GMT -4 broker and still 75 minutes to go to close daily bar. Considering Ghibli's perfect analysis of price action entry setups, it is definitely a no go. But for other brokers, I agree that it is a good buy ...

Monthly Profit - Daily Trading using SMA

In terms of pip count, you should multiply them by 2 as profits from trades are counted as first position plus second position. You are trading two positions per trade. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

Do not trust Semaphor to find tops and bottoms as it works like ZigZag and repaints. If price goes below 112.075, current bottom Semaphor will disappear and you'll see a new Semaphor on the bar. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

Considering today's AUDCHF Sell signal and EURJPY Buy signal, please compare the two line charts and try to see the difference. AUDCHF has a perfect V shape reversal when crossing SMA while EURJPY shows indecision (sideways). Therefore AUDCHF signal ...

Monthly Profit - Daily Trading using SMA

If you are going to be so happy, I am happy to transfer my orange one to you, believe me it is just useless (sorry if I ruined the party). The fact is there are many red traders on FF still trying to be a good trader. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

I don't think this is a good setup as last three bars are all inside bars (avoid sideways rule) to Wednesday's huge bearish bar apart from the facts that the pair is still in downtrend, broke symmetrical triangle downside, tested it and getting ...

Monthly Profit - Daily Trading using SMA

This is the best explanation re. what to take and not. Thanks. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

So far, today, I had 4 trades and all stopped out. I didn't take EURCAD trade but it was stopped out, too. Only AUDNZD trade (I didn't take this one either) is open now and moving around entry price. Most of these trades were turning point trades. ...

Al System

Yes, there was also EURCAD M5 buy trade. Regards, Blackeagle

Al System

And this is the long trade on EURJPY M15. Regards, Blackeagle ps. Bought @ 113.95, stopped out @ 113.87 when zigzag extended.

Al System

Thanks for the replies. I opened another short on AUDUSD M5. Regards, Blackeagle

Al System

Re. above situation, now a second pink dot appeared. If we are long after the first pink dot with green HA, what do we do now? Please advise. Regards, Blackeagle

Al System

Al, I have a question for you. Attached is USDCHF M5. After the green dot, I sold at the first red HA. Then another pink dot appeared without zigzag changing. After this pink dot, do we suppose to exit our short and go long at the first green HA? ...

Al System

Post zigzag - Depth 18, others 1 StochZZmismatch - 18,1,1,18,1,1 (default values) Regards, Blackeagle

Al System

Hi Hepsibah, thanks for your contribution to the thread. Following explanation is for you as well as others who try to get hang of it. As you can see from EURCAD H1 chart I attached, zigzag is up, therefore we are looking for a long trade. Red ...

Al System

EURCAD, H1 Chart, Bought 8 bars ago @1.4694 + buffer, still running in profit and trailing. Regards, Blackeagle

Al System

I asked Al a question and you gave me an answer which was not related what I asked. Who is moron now? I don't care how you trade, or how you see USDCHF, why bother then? Regards, Blackeagle

Al System