Hi Ekjinvests Here's something you might try.. I trade something similar to this, I find the 5sma too sensitive - try 8ema Stay with the trade until you have a closure on the other side of the 8ema When you get your exit signal, the next candle must ...

The use of the RSI - Try setting it's period to 3, ie RSI(3) I think you will find its pretty good at detecting price/indicator divergence in trends

The reason you are not making a profit: Your strategy does not work! It should have a positive expectancy

Understanding Multiple Time Frame Analysis (MTFA) will help you understand Market structure and therefore help your trading decisions The higher timeframes govern the lower timeframes, and the lower timeframes build the higher timeframes The higher ...

Hi, Looks like Bk8 has abandoned this thread, so I don't think he will mind, it may be ok to offer a minor suggestion that may help you with your entry/exits The system is basically trading a reversal.....so why not use the hi of the last three ...

Hi Oddbjorg, One final post.... I think BK8 system is very worth while trading If you trade a simple robust system such as this - it is easy to improve the R:R (and the accuracy) eg by using multiple timeframe analysis etc - but that is defeating ...

Hi Oddbjorg, In a congestion situation - sometimes the line diagram can give an early indicationof the direction of the price breakout - but not in this occasion, so far Big red candle - there was a big green candle 5 candles back which led to ...

Hi Oddbjorg Yes my post was in regard to USDCAD

Hi Oddbjorg, I think you may have entered the trade a bit early - you have entered during a period of price congestion (indecision) - price could break either up or down. The Bol Bands are converging to form a throat! - this is where the price ...

Hi Profit Daily, Nice thread. It must be late at night here - I seem to be "missing something" What does 72% gain refer to? - your trading capital?

Hi Graviton "The weekly and monthly charts move so slowly, you need a very fast trend definition for it to be of any use" - agree The MACD is very good for defining the start and end of a trend The slope of the trace defines the direction of the ...

Hi Graviton, Thank you for your logical reply Not much happening just now so to pass the time here's something that may be helpful to someone (if they agree with my logic) This is my logic for taking trades based on Multiple Timeframe Analysis ...

Don't believe that's how Graviton operates?

Ref post 330 Hi mk5, There are many ways to determine trend direction on any timeframe, whichever one you use - just be consistent (don't chop and change) no method is correct all the time Probably as good as any is using a simple SMA10 moving ...

Hi Graviton, I recently re-discovered this thread, I thought it had run its course when you stopped posting (when you were moving house) I take it you expect your trades to last for days, so you look for entries on the H1 chart, and you manage your ...

Hi Davidee and friends, Breakouts are associated with consolidation in price. Its quite simple to identify when a price is in consolidation - just convert your chart to a line diagram display - higher highs and higher lows or lower highs and lower ...

Great thread 60 min GJ looks good for long term trades in the "near future" The daily has been ranging the last few months resulting in the weekly price action forming a triangular pattern - price being near the apex - so it is probably near ...

GBP/AUD may be worth putting on your watch list The downtrend on the lower timeframes has worked it way up thro each higher time frame and now looks to be influencing the uptrend on the monthly chart It may be worth looking for a short trend ...

Hi Graviton, I think everyone is waiting for you to have a 10 position trade, to see typically the $ potential return for the initial risk taken. Why not just show us your last 10 position trade and your management for it? That should get some ...

Hi Graviton I have a couple of questions for you and would appreciate your reply I am having a little difficulty in understanding your trade management Not your entry/exit signals or adding to an existing position but your handling of lots resulting ...