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Monthly Profit - Daily Trading using SMA

  • #8,781
  • Jul 17, 2017 4:40pm Jul 17, 2017 4:40pm
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All the best to all of you. But don't follow me. I am a learner.
  • #8,782
  • Jul 18, 2017 3:27am Jul 18, 2017 3:27am
Quoting Oddbjorg
{image}
Hello Oddbjorg I haven't taken any trades using this strategy as I have never taken any interest in Bollinger Bands before. Having now watched a video of them has stirred my interest in using them.
I have a question. Using your screenshot as a example. If todays candles is a short and closes below the 20 sma middle band but isn't touching the outer band would you trade it short? Providing of course that the 5 sma is pointing down.
Another example from your screenshot would be the 4th candle back, green which has closed just above the 5 sma. Would you have traded it long?
  • #8,783
  • Edited 6:52am Jul 18, 2017 5:57am | Edited 6:52am
Quoting digf
{quote} Hello Oddbjorg I haven't taken any trades using this strategy as I have never taken any interest in Bollinger Bands before. Having now watched a video of them has stirred my interest in using them. I have a question. Using your screenshot as a example. If todays candles is a short and closes below the 20 sma middle band but isn't touching the outer band would you trade it short? Providing of course that the 5 sma is pointing down. Another example from your screenshot would be the 4th candle back, green which has closed just above the 5 sma....
Hello Digf.
1.... Propably.

2.... Propably not. I would have thought of it as sideways. So - I was wrong again.

Try in demo first. Both this Bk8 system and the other Bk8 system in 1H thread https://www.forexfactory.com/showthread.php?t=605254 which is a bit simular.

If you go to my last post on that thread, then you can see, that it told us to go short some hours ago. I am not posting the chart here because this thread is on the 1 D system.

All the best and take care.
Thank you
Oddbj.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,784
  • Jul 18, 2017 6:28am Jul 18, 2017 6:28am
Quoting brian661
any though on USDJPY? Did not sell yesterday but look like a nice entrancement {image}

I took it on retrace and still running nicely. 120 pips profit so far with risk of 50pips
  • #8,785
  • Jul 18, 2017 9:51pm Jul 18, 2017 9:51pm
Hello.
19/07-2017
Just pondering...
1. Sideways...but it went up - 2. Wick ...but it went up - 3. Little bittle green candle .and is no 3 candle .it went up
4. Now a good green candle but ?? Mid bb ?? 4rt candle in the role ...?
.....??... maybe there are some more green pips ... and this is a downtrend I honestly don't know. Will go in with a small amount and good sl
See you later.......
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All the best to all of you. But don't follow me. I am a learner.
  • #8,786
  • Jul 19, 2017 1:46am Jul 19, 2017 1:46am
Quoting Oddbjorg
{quote} Hello Digf. 1.... Propably. 2.... Propably not. I would have thought of it as sideways. So - I was wrong again. Try in demo first. Both this Bk8 system and the other Bk8 system in 1H thread https://www.forexfactory.com/showthread.php?t=605254 which is a bit simular. If you go to my last post on that thread, then you can see, that it told us to go short some hours ago. I am not posting the chart here because this thread is on the 1 D system. All the best and take care. Thank you Oddbj. {image}
Hello Oddbjorg Thanks for your reply
  • #8,787
  • Jul 19, 2017 3:29am Jul 19, 2017 3:29am
Stuck in there for a day or two. I entered on the big white candle whom crossed with the sma.
Any thoughts
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  • #8,788
  • Jul 19, 2017 6:36am Jul 19, 2017 6:36am
Quoting archishard
Stuck in there for a day or two. I entered on the big white candle whom crossed with the sma. Any thoughts {image}
Are you happy entering long when the 5 sma is flat combined with general trend being down? I am a beginner at this strategy so don't think I am criticising.I just want to learn.
  • #8,789
  • Jul 19, 2017 6:40am Jul 19, 2017 6:40am
Quoting archishard
Stuck in there for a day or two. I entered on the big white candle whom crossed with the sma. Any thoughts {image}
Unfortunally I think it will go sideways at its best.
All the best to all of you. But don't follow me. I am a learner.
  • #8,790
  • Edited 5:10pm Jul 19, 2017 10:03am | Edited 5:10pm
GBPJPY and USDJPY Trades im still in.

EDIT: Closed UJ with +152pips. Risk was 52 pips.
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  • #8,791
  • Jul 20, 2017 4:35pm Jul 20, 2017 4:35pm
Quoting medIce
GBPJPY and USDJPY Trades im still in. EDIT: Closed UJ with +152pips. Risk was 52 pips. {image} {image}

You still in GJ? Nice one!

  • #8,792
  • Jul 20, 2017 10:56pm Jul 20, 2017 10:56pm
Hi everyone, CHFJPY & EURJPY 2 correlated pairs rebounding from Bollinger middle band.
Otherwise all AUD pairs on watch for potential setups formation
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I used to be indecisive but now I'm not so sure...
  • #8,793
  • Jul 20, 2017 11:46pm Jul 20, 2017 11:46pm
And finally a pending stop buy order in USDZAR
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I used to be indecisive but now I'm not so sure...
  • #8,794
  • Jul 21, 2017 3:05am Jul 21, 2017 3:05am
[quote=Filipo1;10107599]And finally a pending stop buy order in USDZAR {image}[/quote

What about EURAUD and even GBPUSD (although I'm not sure how valid the sell setup is on GU as I think it's in an uptrend)
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  • #8,795
  • Jul 21, 2017 4:38am Jul 21, 2017 4:38am
[quote=jmtini;10108241]
Quoting Filipo1
And finally a pending stop buy order in USDZAR {image}[/quote What about EURAUD and even GBPUSD (although I'm not sure how valid the sell setup is on GU as I think it's in an uptrend) {image} {image}
Hello Jmtini,

For EURAUD as for any other pair involving the Aussie we have to wait for today's close to be sure of the signal.
Regarding GBPUSD I would be cautious about the rebound from the Bollinger middle band..
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I used to be indecisive but now I'm not so sure...
  • #8,796
  • Jul 21, 2017 5:10am Jul 21, 2017 5:10am
[quote=Filipo1;10108554]
Quoting jmtini
{quote} Hello Jmtini, For EURAUD as for any other pair involving the Aussie we have to wait for today's close to be sure of the signal. Regarding GBPUSD I would be cautious about the rebound from the Bollinger middle band.. {image}

GBPCAD and GBPAUD over the next couple of days - going up? GBPJPY going down (look for a good place to enter sell)
  • #8,797
  • Jul 21, 2017 6:11am Jul 21, 2017 6:11am
Quoting jmtini
{quote} You still in GJ? Nice one!

Yes i am. Took profits on UJ too early. And missed GBPCHF few days ago :/
  • #8,798
  • Jul 21, 2017 8:11am Jul 21, 2017 8:11am
[quote=jmtini;10108241]
Quoting Filipo1
And finally a pending stop buy order in USDZAR {image}[/quote What about EURAUD and even GBPUSD (although I'm not sure how valid the sell setup is on GU as I think it's in an uptrend) {image} {image}
Hello jmti. Nice to see your posts.
EA - Did I think of like a chance. so I took a small trade. But then..the E is so strange ...60% sure of profit.
Gu - when there are 3 or more red/green candles after each other I pause. Usually the price is getting tired, and wants to get the other way again.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #8,799
  • Jul 21, 2017 8:46am Jul 21, 2017 8:46am
[quote=Oddbjorg;10109476]
Quoting jmtini
{quote} Hello jmti. Nice to see your posts. EA - Did I think of like a chance. so I took a small trade. But then..the E is so strange ...60% sure of profit. Gu - when there are 3 or more red/green candles after each other I pause. Usually the price is getting tired, and wants to get the other way again. All the best.
Great. Yes I think with the strong Euro it's pretty safe trade

Anyone get going with GBPJPY? I said it was a nice selling opportunity!
  • #8,800
  • Jul 22, 2017 11:55am Jul 22, 2017 11:55am
[quote=jmtini;10109645]
Quoting Oddbjorg
{quote} Great. Yes I think with the strong Euro it's pretty safe trade Anyone get going with GBPJPY? I said it was a nice selling opportunity!

Im still in on GBPJPY Short. Looking it to hit 139.000 TP: Set at 139.100
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