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Monthly Profit - Daily Trading using SMA

  • #8,741
  • Jul 4, 2017 5:14pm Jul 4, 2017 5:14pm
Quoting Oddbjorg
Hello No trade. Looking forward to see the route gu and eu and which speed. All the best. Oddbj.
Gu eu +++
But now it is 3 candles, and I will stop it here.
All the best to all of you. But don't follow me. I am a learner.
  • #8,742
  • Jul 5, 2017 3:42am Jul 5, 2017 3:42am
Hello BK8 Thank you for this simple system. Could you clarify for me what you mean by the slope of the 5 sma. Using a buy as a example. If the sma is sloping upwards below the last closed candle but has turned and is sloping down 3 candles to the right, would that be a buy trade?
  • #8,743
  • Jul 5, 2017 4:44am Jul 5, 2017 4:44am
Quoting digf
Hello BK8 Thank you for this simple system. Could you clarify for me what you mean by the slope of the 5 sma. Using a buy as a example. If the sma is sloping upwards below the last closed candle but has turned and is sloping down 3 candles to the right, would that be a buy trade?
Hi Digf, just want to let you know that Bk8 has not replied for quite some time now and I hope he is fine anyway.
I used to be indecisive but now I'm not so sure...
  • #8,744
  • Jul 5, 2017 4:50am Jul 5, 2017 4:50am
AUDSGD already trailed my s/l to break even due to large size (for me)
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I used to be indecisive but now I'm not so sure...
  • #8,745
  • Jul 5, 2017 5:12am Jul 5, 2017 5:12am
Quoting Filipo1
AUDSGD already trailed my s/l to break even due to large size (for me) {image}

Filipo that's really good. Well done! Credit where credit''s due. If that's a live account that's a few bucks in the bank!
  • #8,746
  • Jul 5, 2017 5:21am Jul 5, 2017 5:21am
Quoting digf
Hello BK8 Thank you for this simple system. Could you clarify for me what you mean by the slope of the 5 sma. Using a buy as a example. If the sma is sloping upwards below the last closed candle but has turned and is sloping down 3 candles to the right, would that be a buy trade?
Hello and welcome amongst us.
The best thing you can do is to stick to studying charts on the thread.
Best wishes - and remember to take care.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,747
  • Jul 5, 2017 5:35am Jul 5, 2017 5:35am
Quoting Filipo1
{quote} Hi Digf, just want to let you know that Bk8 has not replied for quite some time now and I hope he is fine anyway.
Hello Filipo1 Thanks for letting me know. I have only just found this thread and to date I have read up to page 9. I can see now that Bk8 hasn't posted since January.
Looks like a promising strategy.
  • #8,748
  • Jul 5, 2017 6:24am Jul 5, 2017 6:24am
Quoting jmtini
{quote} Filipo that's really good. Well done! Credit where credit''s due. If that's a live account that's a few bucks in the bank!
Thanks Jmtini for your kind words.
I used to be indecisive but now I'm not so sure...
  • #8,749
  • Jul 5, 2017 11:43am Jul 5, 2017 11:43am
Quoting Oddbjorg
{quote} Hello and welcome amongst us. The best thing you can do is to stick to studying charts on the thread. Best wishes - and remember to take care. Oddbj.
Oddbjorg Thanks for your welcome
  • #8,750
  • Jul 5, 2017 12:46pm Jul 5, 2017 12:46pm
Quoting Filipo1
AUDSGD already trailed my s/l to break even due to large size (for me) {image}
Hi Filipo1,
If you dont mind. As I know AUDSGD has a big spread, Would we apply to any pairs, or just choose a small spread to keep the account in safe?

Thank you Filipo1.
  • #8,751
  • Jul 5, 2017 3:38pm Jul 5, 2017 3:38pm
Quoting seria06
{quote} Hi Filipo1, If you dont mind. As I know AUDSGD has a big spread, Would we apply to any pairs, or just choose a small spread to keep the account in safe? Thank you Filipo1.
Hi Seria06,
Not sure I got you correctly : do you mean in addition to the +/- 15 pips above/below sma crossing candlestick?
Theoretically yes but practically this should be enough otherwise where is the limit?
I used to be indecisive but now I'm not so sure...
  • #8,752
  • Jul 5, 2017 5:13pm Jul 5, 2017 5:13pm
EG is short.
  • #8,753
  • Jul 5, 2017 8:33pm Jul 5, 2017 8:33pm
Sell audusd.
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  • #8,754
  • Jul 5, 2017 8:34pm Jul 5, 2017 8:34pm
Quoting Filipo1
{quote} Hi Seria06, Not sure I got you correctly : do you mean in addition to the +/- 15 pips above/below sma crossing candlestick? Theoretically yes but practically this should be enough otherwise where is the limit?
Hi filipo.

Srr when i make u confuse.
The pic is what i mean
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  • #8,755
  • Edited 10:32pm Jul 5, 2017 10:17pm | Edited 10:32pm
Ech. We may get one more red candle.
All the best today.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,756
  • Edited 2:58am Jul 6, 2017 1:45am | Edited 2:58am
Quoting seria06
{quote} Hi filipo. Srr when i make u confuse. The pic is what i mean {image}
Personally I do not care about spreads, way more important is patience to wait for a good setup and this is what I still have to carefully work on.
I used to be indecisive but now I'm not so sure...
  • #8,757
  • Jul 6, 2017 1:51am Jul 6, 2017 1:51am
Quoting seria06
Sell audusd. {image}
Agreed.
By the way if you check post 1 you will see that Bk8 gave up using sma 5,3 keeping exclusively sma 5,0 and also stopped using parabolic sar.
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I used to be indecisive but now I'm not so sure...
  • #8,758
  • Jul 6, 2017 9:17am Jul 6, 2017 9:17am
Hello everyone.

It took me 4 days to read everypost on thread. Didint want to just read 1 post and jump on last page. Started to watch chart and see how this strategy is working. I have been running test on this strategy and added my own filters too. But not gonna talk about them to not step on OPs toes. But i noticed that SHUM was talking about going to direction of current weekly candle is very good filter to take out loosing trades. Heres the post: https://www.forexfactory.com/showthr...16#post9163016

Many of here took AUDUSD short, and i took it too when new candle started to form.

But anyways what i saw. DO NOT ENTRY when you see BB squeeze even candle will cross 5SMA. in Squeezes you never know where price will go. SQUEEZES are Money Makers playground and you dont want to open position other direction where they will trade.
Second notice was, if theres way too big candle crossing 5SMA better to wait retracement for better entry (if retracement candle holds same side of 5SMA where candle crossed. And if CROSS is caused of major news. There usually will be retracement.

ALL THE GREEN PIPS TO EVERYONE.

Bk8! Subscribed.! Nice Thread!
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  • #8,759
  • Jul 6, 2017 10:24am Jul 6, 2017 10:24am
NZDJPY is forming short setup. Depends how daily close.
Weekly chart is rejected from BB upperband
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  • #8,760
  • Edited Jul 7, 2017 12:43am Jul 6, 2017 9:37pm | Edited Jul 7, 2017 12:43am
Quoting medIce
Hello everyone. It took me 4 days to read everypost on thread. Didint want to just read 1 post and jump on last page. Started to watch chart and see how this strategy is working. I have been running test on this strategy and added my own filters too. But not gonna talk about them to not step on OPs toes. But i noticed that SHUM was talking about going to direction of current weekly candle is very good filter to take out loosing trades. Heres the post: https://www.forexfactory.com/showthr...16#post9163016 Many of here took...
Hi MedIce, thanks for your interesting observations and welcome in this thread.
I used to be indecisive but now I'm not so sure...
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