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Quoting Doppiomalto
{quote} Well, I've adapted this strategy to my way of trading. - as rules say I take 2 positions and I put sl like BK8 saysn - as soon as the price touch a resistance, a 50 sma or 200 sma in lower timeframe or a weekly pivot point or I gained 30 pips I close a position and set a tighter stop loss (generally at same pip of the first gain. In this way I protect the capital) - for the second position I leave it run move the stop loss like BK8 said as soon as possible.; - I take profit when:sl touch, 200 pip gained, price touch 3rd resistance or support...
Ladies and Gentlemen: First I would like to say "Thank You" to individuals such as Oddbjorg for taking the reins and continued to move forward after BK8 chose to back away after providing his methodology but, at the same time I would like to say "Thank You" to BK8 for offering the method to start. I've had my share of ups and downs as I have continued to gain both insight and experience with the expectation of increased profits after the new year starts.

While like others whom have incorporated their beliefs into the basic formula, I too use additional modified indicators to assist me in choosing entry points but am not at liberty to discuss them until I can complete a minimum of 6 months of consistent profits first. Lets face it: its not worth the trouble to offer something if its clearly not been tested both in past performance and real time. Once again, thank you to all that have provided ongoing input.

Doppiomalto: on your statement regarding taking the first profits/moving your stop losses surrounding the 50/200 SMA in lower time frames, I am curious to know just what time frame you are viewing? I wish that you all will be surrounded by friends and family during the Christmas Season and next year is a very profitable year for all of us in both monetary value and gaining ongoing trading relationships. Bobby Boudain
Quoting Boudain
{quote} Doppiomalto: on your statement regarding taking the first profits/moving your stop losses surrounding the 50/200 SMA in lower time frames, I am curious to know just what time frame you are viewing?
Ok, you are righ. I forgot an element. I very often wait the moment that the price touch the middle BB middle line (sma 20). In that moment there is alaways a retracement. If the price continues the initial trend I'll take position. In lower timefrime (h4 and h1) the price has gone against the D1 trend and so the price is under or over 50 or 200 line. When the price touch another once ones one of the line (obiovusly it depends by the pips) I close a position.

At the end, I use BK8 to find the D1 trend and /or retracement with 5 SMA and BB. In d1 I use 50 and 200 sma to confirm the trend and choose if take a position against the major trend is a good idea (sometime there are 20-30 pips). I use 5 sma and middle BB line the decide the entry moment and lower timeframe, pivot points and S&R to take profit and close position.

There is a problem. It's really difficult have many trades with high gains (80-200 pips). Many times the second positin touch the sl and so the profit is very low (10-20 pips).
Bk8 system with my take profit adjustment has a loss ratio of 15-20% but the loss are very small (5-10 pips). Only 5% of trade are big loss (100 pips).

Merry Christmas to all
Quoting Doppiomalto
{quote} Ok, you are righ. I forgot an element. I very often wait the moment that the price touch the middle BB middle line (sma 20). In that moment there is alaways a retracement. If the price continues the initial trend I'll take position. In lower timefrime (h4 and h1) the price has gone against the D1 trend and so the price is under or over 50 or 200 line. When the price touch another once ones one of the line (obiovusly it depends by the pips) I close a position. At the end, I use BK8 to find the D1 trend and /or retracement with 5 SMA and BB....
Hi Doppiomalto

Sounds good strategy but if you can give us an example of a trade that you took using it? Thank you
Never say die
Quoting Oddbjorg
{quote} Hello For me: - have a bit tigther sl than BK8 was teaching us. - take the profit after it has gone 3 og 4 candles my way. - if 2 trades, - take no. 1 like above, and let no. 2 run - - - and tigthen sl. - only set sl and set the exit as BK8 was teaching us, when very sure of taking the position. All the best op
i have question for you the SMA is not 5 period 3 shift?
Quoting jmtini
{quote} Hi Doppiomalto Sounds good strategy but if you can give us an example of a trade that you took using it? Thank you
Hey, we'll discuss a case in live. But I'd not waste this trhead with my strategy (really close to BK8 strategy).

If you want we can discuss in pvt
Quoting joycometh
{quote} i have question for you the SMA is not 5 period 3 shift?
Hello
Bk8 changed it to 5 only
All the best.
Op
All the best to all of you. But don't follow me. I am a learner.
Quoting Doppiomalto
{quote} Hey, we'll discuss a case in live. But I'd not waste this trhead with my strategy (really close to BK8 strategy). If you want we can discuss in pvt
Well, I tried to send a pvt msg but I cannot add image so I will give an example here.
In D1 for audcad we met the strategy rules (but I do not love long shadow) and a trendline seems to reject the price.

After in h4 I looked for a target, ana I think the 200 sma souns good. So I'll set 1st take profit at the first resistance 97.630 and second at 200 sma.
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Quoting Boudain
{quote} Ladies and Gentlemen: First I would like to say "Thank You" to individuals such as Oddbjorg for taking the reins and continued to move forward after BK8 chose to back away after providing his methodology but, at the same time I would like to say "Thank You" to BK8 for offering the method to start. I've had my share of ups and downs as I have continued to gain both insight and experience with the expectation of increased profits after the new year starts. While like others whom have incorporated their beliefs into the basic formula, I too...
Thank you.
All the best to all of you. But don't follow me. I am a learner.
Something from me....
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Quoting mizi123
Something from me.... {image}
A couple of nice trades there mizi but I would be a little careful on GCAD right now as it's hit a stong support area. We might see some form of recovery around 1.6930/50 (see chart)
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Never say die
Aud.Chf, Cad.Chf. Today's opportunity's.
Chf getting weaker against all pairs. Also on both pairs weekly pin bar is forming. I think it's a good opportunity to enter.
Also both pairs are on bollinger bands upper side, so both pairs have some space to move down, after chf get's weaker
Hello
Keeping an eye on ChY 55% and Uch 60%
Thank you.
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All the best to all of you. But don't follow me. I am a learner.
Quoting Oddbjorg
Hello Keeping an eye on ChY 55% and Uch 60% Thank you. {image} {image}
You are in those two ?
By the way reading the thread from the start, I want to say that you are real good that you stayed with the same strategy so long.
And by the way why BK8 left? Reading this thread is like reading novele, lol
Quoting netas369
{quote} You are in those two ? By the way reading the thread from the start, I want to say that you are real good that you stayed with the same strategy so long. And by the way why BK8 left? Reading this thread is like reading novele, lol
Hello and thanks for the nice words.
Reason for still being here is - it works.
But it also tells - that I do not know how to gain enough using other strategies.
Should have learned that after this long time in Forex I admit.
Don't know why Bk8 has not been around for a long time. But I am grateful for him teaching us, and I hope he is well.
All the best.
All the best to all of you. But don't follow me. I am a learner.
Chf's retraced back, well need to watch the pairs before candle close : )
By the way oddbjorg, what was happen that BK changed the strategy to MA5,0 with MA5,3 cross, lol ? And what's the situation now, trading original rules?
Quoting netas369
By the way oddbjorg, what was happen that BK changed the strategy to MA5,0 with MA5,3 cross, lol ? And what's the situation now, trading original rules?
Hello
Try to look at post 677, Bk8 explains a bit there about the shift in the strategy.
All the best to all of you. But don't follow me. I am a learner.
Quoting Oddbjorg
{quote} Hello Try to look at post 677, Bk8 explains a bit there about the shift in the strategy.
Yes I read that post, but the question is, why did he changed the strategy rules after 300 pages of it? It was huge drawdown or what ? And now better use original strategy?
Quoting jmtini
{quote} A couple of nice trades there mizi but I would be a little careful on GCAD right now as it's hit a stong support area. We might see some form of recovery around 1.6930/50 (see chart) {image}
Even if i exited has gone very well today
Took aud/chf, not feeling good about it but will see.
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