Regarding the recent discussions on the attempts to refine the current strategy , among which the test currently running of sma5,0/sma5,3 cross, maybe could we also consider the addition of SAR parabolic that Bk8 showed in his initial screenshots. ...

Monthly Profit - Daily Trading using SMA

Just went short on EURNZD and will do so at the opening on UK100:

Monthly Profit - Daily Trading using SMA

To avoid having to wait for a hundred trades to be closed maybe?

Monthly Profit - Daily Trading using SMA

Totally agree on the testing (/back testing?) proposal.

Monthly Profit - Daily Trading using SMA

Hi MrRijk, is that SMA 4,0/4,1 ? Reminded me immediately of a certain Raj Ribbon system on another forum using SMA 6,0/6,1 (typical price not close). Not exactly what this thread is about however.

Monthly Profit - Daily Trading using SMA

Sure, back to basics: the language of plain candlesticks

Monthly Profit - Daily Trading using SMA

Arghhh! Bloody tiny keyboard... please read: ...and not the last one.

Monthly Profit - Daily Trading using SMA

Just two charts of last two signals on NZDCAD, see how the first was confirmed by Stochastic 10,5,5 and the last one:

Monthly Profit - Daily Trading using SMA

Actually the 10,5,5 looks more apropriate after a quick look.

Monthly Profit - Daily Trading using SMA

Thanks eltd and uaehawx, I will check the Sto. 5,3,3 filter over the next few days.

Monthly Profit - Daily Trading using SMA

Which parameters please? 5,3,3 or 10,5,5?

Monthly Profit - Daily Trading using SMA

Wow, then it means this strategy is even better than I thought if it gets attacked...

Monthly Profit - Daily Trading using SMA

Never put all your eggs in the same basket... Sounds familiar? Despite my deep conviction that this strategy is higly valuable I also use another one for shorter TFs which allowed me to cash some gains today to at least partially compensate these ...

Monthly Profit - Daily Trading using SMA

Hi Bk8, For USD/JPY dd you get a clear cross of the SMA on Frida's close because I didn't?

Monthly Profit - Daily Trading using SMA

Thanks Jmmn, same for you. In the end it is not important who is right or wrong as long as we can keep on learning from each other.

Monthly Profit - Daily Trading using SMA

It makes sense but this the famous dilema of half-full vs half-empty glass. I view these dojis rather as price action coming back up after having failed on their way down.

Monthly Profit - Daily Trading using SMA

Agree check post #5,567.

Monthly Profit - Daily Trading using SMA

Sorry but all I can see on my charts are weekly and monthly dojis and the ultimate monthly resistance stands a bit higher so again we could very well collect some 200-250 pips.

Monthly Profit - Daily Trading using SMA

Sorry forgot the chart

Monthly Profit - Daily Trading using SMA

P.S. pushing the analysis a bit further we can observe that the doüble top happened right on the 50% Fibonacci retracement of June 23 Brexit price action. Breaking the 61.8% S/R level where we closed would confirm the short entry.

Monthly Profit - Daily Trading using SMA