Monthly Profit - Daily Trading using SMA | Page 351 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #7,001
  • Nov 17, 2016 5:03pm Nov 17, 2016 5:03pm
Quoting Bk8
{quote} Closed AUD/NZD, 20+ Pips and N/CHF on break-even. Today's Setup Long USD/CAD (Not enough space from Upper BB so, weak setup, Chances 60%)
I think this should be a good trade. I think opportunity for a better entry will be in a couple of hours after a slight retrace before testing previous high set 4 days ago.
Not in the trade yet

Time will tell .
  • #7,002
  • Nov 17, 2016 5:24pm Nov 17, 2016 5:24pm
Quoting Bk8
{quote} Closed AUD/NZD, 20+ Pips and N/CHF on break-even. Today's Setup Long USD/CAD (Not enough space from Upper BB so, weak setup, Chances 60%)
Newbie here. May I know the reason for Closing Aud/nzd. I don't think that was part of your stated strategy?
  • #7,003
  • Nov 17, 2016 5:56pm Nov 17, 2016 5:56pm
Quoting Peter81
{quote} Newbie here. May I know the reason for Closing Aud/nzd. I don't think that was part of your stated strategy?
Thats correct Peter, Normally we close first position and leave second position to run forever but problem was that it did not move much today and hence there was no enough room for stoploss.
  • #7,004
  • Nov 17, 2016 6:10pm Nov 17, 2016 6:10pm
Quoting Bk8
{quote} Thats correct Peter, Normally we close first position and leave second position to run forever but problem was that it did not move much today and hence there was no enough room for stoploss.
Thanks for the clarification. How much of movement are you looking for?. Equal to the size of the signal candle body?
  • #7,005
  • Nov 17, 2016 6:47pm Nov 17, 2016 6:47pm
Quoting Oddbjorg
Hello. 16.11.2016.23:48. Trade from last night : Gbp/Cad 1)2) closed with + pips.New trade Aud/Nzd short. Trying a small amount Usd/Cad short. See if the bull can rest a while. Thank you. All the best. Oddbj.
.....
Hello.
18.nov.2016 00:41 From last night Aud/Nzd 1)2) + pips. Usd/Cad 1) + 2) BE. Now - no trade. Thank you. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #7,006
  • Nov 18, 2016 2:16am Nov 18, 2016 2:16am
Can you confirm the BB setting: is it 2 standard deviations based on a 5 period MA ? - New to FX so not fully understanding all that's being discussed.

Regards
awm.
  • #7,007
  • Nov 18, 2016 4:17am Nov 18, 2016 4:17am
BK8

A suggestion, please see underlined. It would be helpful to specify 'how much' in the rules in page 1, peter81 missed it so others may too. Personally, I just thought 15 pips above 17 November bar and I'm out.

Quote
Thats correct Peter, Normally we close first position and leave second position to run forever but problem was that it did not move much today and hence there was no enough room for stop loss.

I'm all for refining the hell out of page 1 so that it is idiot proof (including me)

That way we just keep referring (more obvious) questions back to page one instead of padding the thread out with unnecessary dialog. Result, less confusion and a cleaner thread.
'in less than half an hour he made over 100 ticks'
  • #7,008
  • Nov 18, 2016 4:36am Nov 18, 2016 4:36am
Quoting Bk8
{quote} Thats correct Peter, Normally we close first position and leave second position to run forever but problem was that it did not move much today and hence there was no enough room for stoploss.
Why not move to break even? You would have been in the money again today. Personally I couldn't get this strategy to work for me, and I didn't see anyone posting consistent profit from one account or a trade explorer.
So many in the Commercial section want to make me rich! :o
  • #7,009
  • Nov 18, 2016 5:03am Nov 18, 2016 5:03am
Quoting awm
Can you confirm the BB setting: is it 2 standard deviations based on a 5 period MA ? - New to FX so not fully understanding all that's being discussed. Regards awm.
Very remiss of Bk8 not to update Post # 1 with this FAQ

http://www.forexfactory.com/showthre...79#post9053779

Attached Image
It takes a lot for me to IGNORE you, but you can try.
  • #7,010
  • Nov 18, 2016 8:11am Nov 18, 2016 8:11am
in continuation of my last shared AUDNZD chart.
Attached Image (click to enlarge)
Click to Enlarge Name: AudNzd.PNG Size: 40 KB
  • #7,011
  • Nov 18, 2016 9:10am Nov 18, 2016 9:10am
Quoting Erebus
{quote} Very remiss of Bk8 not to update Post # 1 with this FAQ http://www.forexfactory.com/showthre...79#post9053779 {image}
Sorry for the typo, I meant exit
  • #7,012
  • Edited 9:27am Nov 18, 2016 9:16am | Edited 9:27am
Quote
in continuation of my last shared AUDNZD chart

If any noobs want a near perfect set up, that was it.

Red on 1 week chart, Red on 1 day chart under 200 MA, failed at 50% retrace (weekly).

Under
Failed
Red
Red
... D o w n

And after a retest, I reckon its gonna run all the way down to 1.02315ish if you have the balls (but don't quote me on that).

Run Forest, run...
'in less than half an hour he made over 100 ticks'
  • #7,013
  • Nov 18, 2016 12:41pm Nov 18, 2016 12:41pm
Quoting FX-Flux
{quote} Why not move to break even? You would have been in the money again today. Personally I couldn't get this strategy to work for me, and I didn't see anyone posting consistent profit from one account or a trade explorer.
This strategy is similar if not the same as dreamliners 34ssma 4hr strategy which you can find here. I'm not sure if anyone has mentioned this yet? There are a few people who are profitable from his strategy but the thread is now dead.
  • #7,014
  • Nov 18, 2016 3:34pm Nov 18, 2016 3:34pm
All users are disappeared from this thread,why?
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #7,015
  • Nov 18, 2016 4:13pm Nov 18, 2016 4:13pm
Quoting Pretoriano
All users are disappeared from this thread,why?
We are too busy counting our winnings.
  • #7,016
  • Nov 19, 2016 12:13am Nov 19, 2016 12:13am
Bk8 strategy is the best strategy
It's simple and tension free and it's 80% accurate
Thanks Mr. Bk8
  • #7,017
  • Nov 19, 2016 1:59am Nov 19, 2016 1:59am
Quoting tomthepoppop
{quote} We are too busy counting our winnings.
I made a loss
So many in the Commercial section want to make me rich! :o
  • #7,018
  • Nov 19, 2016 2:04am Nov 19, 2016 2:04am
Quoting tomthepoppop
{quote} We are too busy counting our winnings.

Don't feed the troll
  • #7,019
  • Nov 19, 2016 11:01am Nov 19, 2016 11:01am
I have been a shady lurker on this thread since the MA setting was 5.8(glad you fixed that ) I've seen how good it works and how much it has developed I'm now going to move in(permanently)
Capital preservation, live to trade another day
  • #7,020
  • Nov 20, 2016 11:26am Nov 20, 2016 11:26am
Quoting FX-Flux
{quote} I made a loss
you got flogged but at least you took it like a champ. others only show off their winners.
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