I am afraid it’s too early to validate it as we need to wait for today’s close to check if SMA5 is pointing down.

Monthly Profit - Daily Trading using SMA

Agreed. Its counterpart USDCHF sent a clear signal in agreement with the weekly chart. Let’a see the reaction to the triangle…

Monthly Profit - Daily Trading using SMA

Hi Ppin12, please read carefully post #1 where the author of this thread’s strategy made a clear summary of updated rules.

Monthly Profit - Daily Trading using SMA

You could start following the YouTube channel of Trader Kei: url

4x communication

Hi Oddbjorg, For a potential trend reversal analysis I would concentrate on daily and weekly charts. I tend to use Ichimoku Kinko Hyo for verification and this is what I see. On the daily we have a bullish Tenkan/Kijun cross (arrow on the right) but ...

4x communication

Congratulations . On my end I am square for the long weekend. I proudly consider myself more and more as a trader and no longer as the gambler I used to be even if I needed some time to admit it. All the best.

Monthly Profit - Daily Trading using SMA

Hi there, the reason I was mentioning « continuation » is because the primary signal wasn’t 100% related to this thread’s strategy but more to candlesticks patterns and BB. When you see a reversal pattern like the one shown below in the oval and ...

Monthly Profit - Daily Trading using SMA

Sell continuation on GBPAUD

Monthly Profit - Daily Trading using SMA

Looks promising!

Monthly Profit - Daily Trading using SMA

I just discovered an interesting video showing a close approach to mine about hedging. I hope it can help. For those trading with MT5 hedging is an even more interesting alternative to stop-loss as only the excess of offsetting trades is considered ...

Monthly Profit - Daily Trading using SMA

Nice short entry with tight hedge/stop-loss.

EURUSD

Please also note that on the daily chart Bollinger middle band, Ichimoku Kijun-sen and Fibonacci 76.4 level all stand around 1.1780. Same for weekly pivots R1. Quite a nice confluence of resistances. Also worth mentioning that despite recent ...

Monthly Profit - Daily Trading using SMA

Hi Oddborg, It remains a sell for me and I see the recent retracement as an interesting short entry point with close hedge over the Kijun/trend line cross. Let’s wait for Jackson Hole deliberations. All the best.

Monthly Profit - Daily Trading using SMA

In fact not really a sell signal for that reason: Short - When previous D1 bear candle's body has clearly crossed SMA and did not touch BB lower band. This is from post nr.1. It’s really important to consider when you have to deal with a ranging ...

Monthly Profit - Daily Trading using SMA

Hi Str3s5, Strictly speaking yes BUT: 1. The pair has been essentially ranging recently so I would prefer to sell once price action closes below the daily range. 2. The weekly chart isn’t encouraging with a long wick below current candlestick. We ...

Monthly Profit - Daily Trading using SMA

Well done, especially for the first three.

Monthly Profit - Daily Trading using SMA

Great setup Oddbjorg! For me based on the weekly Ichimoku chart below: TP1 at 1.2805 (19Jul2021 high and weekly SSA flat) TP2 at 1.2870 (alignment of former Kijun and SSB flats). All the best

Monthly Profit - Daily Trading using SMA

I am afraid it will not manage to break through this tough resistance of SSB aligned with 50 Fibonacci retracement. Additionally OIL is facing a similar resistance and JPY is strengthening.

Monthly Profit - Daily Trading using SMA

Sell signal sent by GBPJPY.

Monthly Profit - Daily Trading using SMA

Buy signal on CADJPY.

Monthly Profit - Daily Trading using SMA