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- richnam replied Apr 16, 2019
Oddbjorg what a fantastic call on EUR/CHF. Take a bow!!
Monthly Profit - Daily Trading using SMA
- richnam replied Apr 4, 2019
Like I said i use indicators only for confirmation bias. The rsi with divergence. But PA at the top is the key. If the PA is right, I am good irrespective of what the indicators are doing.
Monthly Profit - Daily Trading using SMA
- richnam replied Apr 4, 2019
Finally to add, I use to wait for trends in forex. But this market hardly trend and when it does, you have to wait for the right moment (a pull back). Sometimes a pull back may be a reversal. The forex market ranges more than it trends. So there are ...
Monthly Profit - Daily Trading using SMA
- richnam replied Apr 4, 2019
The system is a top and bottom entry system. So I pay attention to PA at the top and bottom. I am interested in positions at the top or bottom that are kind to my account. Positions that allow me risk 2% with a potential reward of 4% at least. but i ...
Monthly Profit - Daily Trading using SMA
- richnam replied Apr 4, 2019
Guys its the system on page1. The BB is optional. so i don't use it as it distracts me. I do not pay attention to the MAs that much. the EMAs are 10 and 20. Maybe my next post will come without indicators. The system is purely bottom and top ...
Monthly Profit - Daily Trading using SMA
- richnam replied Apr 3, 2019
Buy EUR/USD image Buy EUR/AUD image Short AUD/JPY image
Monthly Profit - Daily Trading using SMA
- richnam replied Apr 2, 2019
I am out of the GBP pairs at BE. Thanks to UK house of commons.
Monthly Profit - Daily Trading using SMA
- richnam replied Apr 1, 2019
The dollar Index is at a resistance potentially to form head and shoulder formation. Therefore, USD may loose value against other major currencies as per technicals. Consider that USD/CAD is at a top, EUR/USD is at a bottom. However the market has a ...
Monthly Profit - Daily Trading using SMA
- richnam replied Apr 1, 2019
Yea I waiting to see the interest rate decision on the Aussie to send it down. fingers crossed.
Monthly Profit - Daily Trading using SMA
- richnam replied Apr 1, 2019
Buy GBP/CHF image Buy GBP/USD image
Monthly Profit - Daily Trading using SMA
- richnam replied Mar 28, 2019
Sell Limit Order AUD/CAD - 0.95210, SL 0.95719, TP 0.93984 image some trades I am already in GBP/CAD Sell image EUR/CAD Sell image
Monthly Profit - Daily Trading using SMA
- richnam replied Mar 27, 2019
Concept of Buy low Sell high. I enter positions where there is high possibility of getting a risk to reward ratio of 1/3. I still risk about 2% but taking positions at the extreme gives you opportunity to increase lot sizes without compromising the ...
Monthly Profit - Daily Trading using SMA