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-   -   Monthly Profit - Daily Trading using SMA (https://www.forexfactory.com/showthread.php?t=600112)

Filipo1 Oct 23, 2019 2:54am | Post# 11301

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Letís see if a cocoa-coffee swap will work.
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Patdozie Oct 23, 2019 3:48am | Post# 11302

GN and GA look's good for shorting, i know is contra trend but there is a plenty of room to prevous resisitance wich will be next support...!? {image}
Please check CJ and EJ too

Filipo1 Oct 23, 2019 5:13am | Post# 11303

{quote} Please check CJ and EJ too
None of these have SMA5 pointing down yet. It could be fine but according to this strategy we should wait for the close.

mizi123 Oct 23, 2019 11:11am | Post# 11304

{quote} Please check CJ and EJ too
Not yet....

mizi123 Oct 23, 2019 12:03pm | Post# 11305

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If AUD/CAD ends up these way look's awsome for shorting ...
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fated82 Oct 24, 2019 4:32am | Post# 11306

Hi all, I have been studying this strategy and it seems to look pretty good. But I have a question. In the system, the author said that we should avoid the trade if the price touches the Bolinger Band.

What if the price is bullish but is at the support level, have crossed the 5 SMA but also touches the bottom of the BB?

Do you trade that?

Filipo1 Oct 24, 2019 8:27am | Post# 11307

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Hi all, I have been studying this strategy and it seems to look pretty good. But I have a question. In the system, the author said that we should avoid the trade if the price touches the Bolinger Band. What if the price is bullish but is at the support level, have crossed the 5 SMA but also touches the bottom of the BB? Do you trade that?
Not sure I understood correctly but this rarely occurs as in case of reversal you need at least one/two candlesticks until you get SMA5 pointing up/down as shown below.

P.S. be careful with this pair. It’s just re-testing and sitting on daily EMA200.
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mizi123 Oct 24, 2019 10:23am | Post# 11308

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If AUD/CAD ends up these way look's awsome for shorting ... {image}

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mizi123 Oct 24, 2019 10:27am | Post# 11309

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And these ..
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mizi123 Oct 24, 2019 10:47am | Post# 11310

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If these 2 setups end up these way can produce pips AUD/USD and GOLD
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Filipo1 Oct 25, 2019 2:43am | Post# 11311

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EURUSD on reversal mode.
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Filipo1 Oct 25, 2019 3:05am | Post# 11312

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Signal on GBPJPY with lower h/l in reversal at 61.8 Fibonacci.
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mizi123 Oct 25, 2019 10:12am | Post# 11313

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Hi friends only AUD/USD has not worked other 2 have made huge nr of pips GOLD + NZD/CAD
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mizi123 Oct 25, 2019 10:15am | Post# 11314

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stop serching for better trend trading system than these thanc you BK8 werever you are!
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mizi123 Oct 25, 2019 10:51am | Post# 11315

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Great setup wich need's to be on our watch list from Monday... AUD/NZD
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harold1 Oct 25, 2019 10:53am | Post# 11316

stop serching for better trend trading system than these thanc you BK8 werever you are! {image}
great results.... how long are you trading this system?

mizi123 Oct 25, 2019 10:58am | Post# 11317

{quote} great results.... how long are you trading this system?
Very very long i em around from his start i rember ineteraction with Bk8 when he was around we have tryed to find several solutions what works what not but after some time he has lived the thred for his reasons.... is my opinion with these system to make some profit need account above 10K..

slowlyslowly Oct 25, 2019 5:09pm | Post# 11318

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stop serching for better trend trading system than these thanc you BK8 werever you are! {image}
I completely agree. Thank-you BK8

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mizi123 Oct 26, 2019 1:02pm | Post# 11319

{quote} I completely agree. Thank-you BK8 {image}
I em interesed about some insights on the way you trade these system, you have very healthy curve of results - chek your inbox

slowlyslowly Oct 26, 2019 5:54pm | Post# 11320

Hi Mizi and everyone else.

For information I don't trade exactly as BK8 describes in his first post. I did to start with but seemed to have too many losses due to counter trends, so I added a few tweaks of my own. I have been trading on and off for about 15 years and this is the first time I have been profitable, although the equity curve above is only for the last 2 months and will need much longer to show that I can do it consistently. It seems to work well when you hit a trend, but not lose too much if the trend stalls and we get false signals in a ranging market.

My tweaks...

1. I will only trade in the direction of the long term trend
2. When we have a pullback, wait for the price to cross back over the 5SMA
3. When this happens I look at the price action to try and determine if there is a clear reversal (pin bars, engulfing etc)
4. When I trade I put my stop behind the previous high/low
5. I open 2 trades, one with R:R 1:1 and the other with the same SL but no TP
6. If my TP is hit then move the other to BE and trail as it continues moving in the right direction.
7. I set and forget (a bit). Once I have set a position I do not cancel early... patience is a virtue. It gets left until SL or TP is hit.

I have quite a small account so started with 5% risk per position (split into 2 trades) This will gradually reduce as my capital increases. However, this is my absolute maximum, and is often less as due to the large stop loss I am usually only trading 0.1 lots for each trade. Again, this may change as my capital increases.

Like I said this is very early days but looks promising. I hope this helps anyone looking to replicate these results.


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