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Attachments: Jake Bernstein 10 SMA high 8 SMA low trading system
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Jake Bernstein 10 SMA high 8 SMA low trading system

  • Post #1
  • Quote
  • First Post: Edited Jan 25, 2021 7:36pm Jun 13, 2020 10:06pm | Edited Jan 25, 2021 7:36pm
=========================
Manually trading any time frame
Indicators:
Williams Accumulation/Distribution and add to it the 57period SMA.
add 10 SMA high + 8 SMA low and any other indicator to make your own template.

=========================
This is part trading idea based in Jake Bernstein system 8 sma low and 10 sma channel , but you can add any indicator to filter some signal .

The rules are as follows

Buy IF 2 full bars above the 10 SMA of the high and Williams Accumulation/Distribution above it's 57period SMA

Short IF 2 full bars below the 8 SMA and Williams Accumulation/Distribution below 57period SMA.

Fine if you can add more filters or less filters to improve it.
it does not cost me anything to share my knowledges
  • Post #2
  • Quote
  • Edited Jun 14, 2020 9:21pm Jun 13, 2020 11:48pm | Edited Jun 14, 2020 9:21pm
big trend we just need a dashboard to alert from the #1 rule when 2 bars are not touching the band low for sell or band high for buy to identify the trend. up to the trader to enter or wait for pullback
Attached Image (click to enlarge)
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it does not cost me anything to share my knowledges
Subscribed. Thanks and
Regards
IS it Low Risk Syestem ?
Thanks for that simple but nice method! Is this working on the FX market,too? Because i think it was desigend for the stock market.


Greets,
Klausi
take profit,..????,.....stop lose,..??????
What is the logic behind making the upper bound 10SMA and the lower 8?
It is logical for me to make both 8 or 10.
  • Post #9
  • Quote
  • Edited at 10:52am Jun 14, 2020 9:49am | Edited at 10:52am
Quoting maptoprofit
What is the logic behind making the upper bound 10SMA and the lower 8? It is logical for me to make both 8 or 10.
Price take the stair to go up and the elevator to go down.
So the 8 sma is faster to signal a sell.
Place sell stop order at 2 pips below the lower low of the 2 consecutive bars that did not touched the 8 SMA low.
Attached Image (click to enlarge)
Click to Enlarge Name: 51.png Size: 38 KB
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Quoting Toto69
This trading idea is based in Jake Bernstein system, but you can add any indicator to filter some signal or trade without filter. Daily chart 8 SMA LOW 10 SMA HIGH. Reason to go long:
A=2 bars's low above channel's high without touching the 10 SMA high.
B=Place sell stop order at 2 pips above the higher high of the 2 consecutive bars that did not touched the 10 SMA lhigh .
Toto69,

Did you mean "B=Place buy stop order at 2 pips above the higher high of the 2 consecutive bars that did not touched the 10 SMA lhigh ."
Swing trader for over 10 years
  • Post #11
  • Quote
  • Edited at 9:22pm Jun 14, 2020 1:59pm | Edited at 9:22pm
Quoting Empiric1
{quote} Toto69, Did you mean "B=Place buy stop order at 2 pips above the higher high of the 2 consecutive bars that did not touched the 10 SMA lhigh ."
For a buy set up:If you count the 2 bars that did not touch the 10 SMA high,you find wich of those 2 bars printed a higher high.
Or buy call options with 3 months to expire
Attached Image (click to enlarge)
Click to Enlarge Name: 8 long.png Size: 30 KB
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im short USDJPY From daily chart
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Quoting Toto69
{quote} Price take the stair to go up and the elevator to go down. So the 8 sma is faster to signal a sell. Place sell stop order at 2 pips below the lower low of the 2 consecutive bars that did not touched the 8 SMA low. {image}
This principle of "Stairs/Elevator"; do you see that it is applicable for all pairs?
Quoting Toto69
im short USDJPY From daily chart {image}
++++++++++++++++++

Why? There has been no break of 2nd bar below 8 Low. Educate me please.
  • Post #16
  • Quote
  • Edited Jun 18, 2020 5:55am Jun 17, 2020 7:18am | Edited Jun 18, 2020 5:55am
Quoting diamonddbw
{quote} ++++++++++++++++++ Why? There has been no break of 2nd bar below 8 Low. Educate me please.
I used to wait for the low of bar #2 to be broken to the downside to enter ,but Now I trade more aggressive.
I enter short the next opening bar after I found 2 high below the 8 SMA LOW.

You need to make your own rules,and you can add any other indi for confirmation you decide if you wait for a pullback or if you go long the next bar after 2 high are above the 10 SMA.
I hope that help.
This is one of the ways that I used it:I go long the next bar after 2 high are above the 10 SMA HIGH
Attached Image (click to enlarge)
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Quoting Toto69
{quote} You need to make your own rules,and you can add any other indi for confirmation you decide if you wait for a pullback or if you go long the next bar after 2 high are above the 10 SMA. I hope that help. This is one of the ways that I used it:I go long the next bar after 2 high are above the 10 SMA HIGH {image}

dear in my observation this method not properly work in lower time F. even 1 h ? what do you think ?
  • Post #18
  • Quote
  • Edited at 5:54am Jun 18, 2020 4:58am | Edited at 5:54am
Quoting sam1967
{quote} dear in my observation this method not properly work in lower time F. even 1 h ? what do you think ?
What rules are you using to enter exit and take profits?are you using any other indicator for confirmation?That is the only way for me to know if it work for you?I just gave you an example of one of the ways that i use this indicator but you have to find your own style.
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Quoting Toto69
{quote} What rules are you using to enter exit and take profits?are you using any other indicator for confirmation?That is the only way for me to know if it work for you?I just gave you an example of one of the ways that i use this indicator but you have to find your own style. {image}
i never using any indicators. all are manual using sma 8//10 for trend filter
  • Post #20
  • Quote
  • Edited at 8:53am Jun 19, 2020 8:30am | Edited at 8:53am
BBY
I have sell alert
it will be better to buy the single put or to buy a put spread?
let's see
I have about 6 months for my option to expire
Attached Images (click to enlarge)
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