UC currently unable to break monthly 50% Fibonacci resistance :

Monthly Profit - Daily Trading using SMA

Agreed except on SL which should be set at least at 96.81 according to the rule of post #1

Monthly Profit - Daily Trading using SMA

GBPJPY looks nice for sure but the question is how far can the pound weaken faster than JPY vs. USD...

Monthly Profit - Daily Trading using SMA

Hi Bk8, after checking some of my earlier missed trades it looks like the point is not necessarily to enter on a flat sma (some setups on flat sma turned favorably) but to avoid mostly entering a trade against the trend shown by sma5.

Monthly Profit - Daily Trading using SMA

Ya ni panimayu, pa englisky pajalusta

Hidden divergence

Hi everyone, so please correct me if I am wrong, basically we would apply top-down analysis from D1 to H1 and even lower . This reminds me of a system named "Ribbon system" that was introduced by a certain Raj on another forum and then re-appearing ...

Monthly Profit - Daily Trading using SMA

Hi everyone, what about this one EG weekly: image

Hidden divergence

There must be something wrong here, just look at that: url Registered in Cyprus, up to 888% leverage , special year end trading bonus of 100% etc... and this is only one example among many others.

CySEC bans trading bonuses, sets max default leverage to 1:50

Let's wait for BOJ's clearance of current temporary resistance, then price action should keep on his way UP. url

USD/JPY Discussion

Excellent, we get a step closer to our goal now. Many thanks for your efforts and support.

Monthly Profit - Daily Trading using SMA

Hi everyone, just a quick view on the weekly AUDUSD. url Happy trading.

Monthly Profit - Daily Trading using SMA

Hi Cesar8, not so good in fact if you consider the previous days forming a sideways price action.

Monthly Profit - Daily Trading using SMA

Just closed it, bad signal, and thanks Bk8 for UJ !

Monthly Profit - Daily Trading using SMA

Hi everyone, NU is my preferred pair to start this week. Happy trading.

Monthly Profit - Daily Trading using SMA

Hi Bk8, I know you mentioned in post #1 that Bollinger Bands are optional and I wonder if they are in fact of any use with this strategy.

Monthly Profit - Daily Trading using SMA

USDNOK a bit late but looks good with H4 flag.

Monthly Profit - Daily Trading using SMA

P.S. on EURUSD

Monthly Profit - Daily Trading using SMA

Tribute to Fibonacci. Hello traders, without ruling out the downward channel in place since May 3rd, did you realize that most of the main recent S/R levels on the daily derive directly from the 24Jun2016 candlestick Fibonacci levels? url

Monthly Profit - Daily Trading using SMA

Here again Fibonacci helps a lot.

Monthly Profit - Daily Trading using SMA

Sell equals to unrealized loss. If you respect rules your stop-loss should be set at 0.7515 at least. W nowe have a buy signal after fFriday's close but I would beware of it due to the overall downtrend and possible rejection on the Bollinger middle ...

Monthly Profit - Daily Trading using SMA