USDTRY so long Major Tom!

Monthly Profit - Daily Trading using SMA

Hi Oddbjorg, sure and even better, a trader's dream! All the JPY pairs (except CHFJPY now) are more or less in the same configuration but this one is doing the splits between RBNZ' speech and geopolitical tensions in the Pacific.

Monthly Profit - Daily Trading using SMA

Hi MedIce, it looks your process and infos on GBPJPY were correct. The pair is now breaking below the support line of the ascending triangle which happens to match SMA200 at 142 and which could trigger a few stop loss orders... I would be glad to ...

Monthly Profit - Daily Trading using SMA

USDJPY weekly 2 On a broader scale lower support line around 105 now.

Monthly Profit - Daily Trading using SMA

Hi Fated82, looking from a weekly perspective we are in a descending triangle with a first support in the 108.80-109.00 range.

Monthly Profit - Daily Trading using SMA

No worry Jmtini, there are new opportunities nearly everey day, no need to hurry really. This reminds me of an informal meeting with Dr. Richard Olsen (co-founder of Oanda) at a forex seminar organized by FxStreet in 2012 in Barcelona. I asked him ...

Monthly Profit - Daily Trading using SMA

You are welcome Iniezta, hope this helps. But just to clarify things this thread's strategy is not mine, the merit fully goes to its author Bk8. I made it my central setup identifying system with some personal adjustments that's all.

Monthly Profit - Daily Trading using SMA

Hi Iniezta, Not systematically, again I am not trying to replicate an EA... Now regarding timeframes I use daily to identify setups, weekly and monthly for trends. H4 is the smallest meaningful timeframe for my perception of a market means changes ...

Monthly Profit - Daily Trading using SMA

Hi Hansfatdwarf, I don't know if you are familiar with this indicator but what convinced me are the monthly and H4 ichimoku charts: rebound below the cloud on the monthly, bearish Tenkan/Kijun crossover on H4.

Monthly Profit - Daily Trading using SMA

EURUSD also looks good.

Monthly Profit - Daily Trading using SMA

Short setup on EURJPY . I entered a bit late unfortunately.

Monthly Profit - Daily Trading using SMA

Hi Fated82, This is not a sect! Demo is a perfect place for experiments. Thanks for letting us know if you observe a higher ratio of successful trades with or without taking in consideration the SMA orientation. Personally for instance I ...

Monthly Profit - Daily Trading using SMA

Hi Hansfatdwarf, just the regular ones : sma 20 (close) , 2 and 2 for deviations.

Monthly Profit - Daily Trading using SMA

Hi Sanadsa, for me it is a good continuation pattern of the setup initiated on July 31st. Last Friday's retracement offered a good re-entry opportunity.

Monthly Profit - Daily Trading using SMA

Comparing the weekly charts I largely prefer shorting XAGUSD

Monthly Profit - Daily Trading using SMA

Hi Iniezta, Not yet, it closed on an important old support/resistance line leaving a long wick below the candlestick and well above the Bollinger middle band. In addition and I mean it since it is a personal consideration and not part of BK8's ...

Monthly Profit - Daily Trading using SMA

Welcome to the newcomers. Here is my (corrected) roadmap for this week. Happy trading to all.

Monthly Profit - Daily Trading using SMA

Hi Bsmile44, My stop loss is where it should be means at 147. Now if the number of pips (here 266 over the close) is large, all you need to do is to adapt the size of your trade consequently to ensure some decent risk management. Stop loss and ...

Monthly Profit - Daily Trading using SMA

USDNOK I will keep an eye on this one. Let's see what comes out from the OPEP meeting this weekend (apparently not enough).

Monthly Profit - Daily Trading using SMA

GBPJPY is sending signal for a short setup. BOE and NFP are behind us, "let's make some money" as a famous trader and coach named Anton use to say... Here again it's worth mentioning the fact that the pair looks to get out of a Bollinger bands ...

Monthly Profit - Daily Trading using SMA