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Monthly Profit - Daily Trading using SMA

  • #8,941
  • Aug 16, 2017 2:31pm Aug 16, 2017 2:31pm
Looks like fun....
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  • #8,942
  • Edited 6:59pm Aug 16, 2017 6:19pm | Edited 6:59pm
Hello
55-65% sure of these.

Take care.
Oddbj.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,943
  • Aug 16, 2017 9:15pm Aug 16, 2017 9:15pm
Quoting Filipo1
{quote} Hi Fated82, your moving average looks a bit strange here is how it looked on my chart (before FOMC minutes). Just in case this strategy's m.a. parameters are Simple Moving Average 5 periods shift 0. All the best {image}
Hi thanks!

I read somewhere in this thread that the MA is 5 and shift is 3....

But thanks, i will use the 5,0 set up now.

The FOMC report really killed the momentum....It nose dive an hour after the release....

Any idea it if it will go back up?
  • #8,944
  • Edited Aug 17, 2017 1:58am Aug 16, 2017 11:46pm | Edited Aug 17, 2017 1:58am
Quoting fated82
{quote} Hi thanks! I read somewhere in this thread that the MA is 5 and shift is 3.... But thanks, i will use the 5,0 set up now. The FOMC report really killed the momentum....It nose dive an hour after the release.... Any idea it if it will go back up?
Hi Fated82, from my perception just an epidermic and short lived reaction. S/L was out of reach so far and it could in fact have already bottomed out. Looking on the ichimoku (always a plus as far as JPY is involved) it seems bottom was close to Tenkan sen on the daily and Kijun sen on H4.

For illustration only the pair rebounded on S/L line better visible on H4.
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I used to be indecisive but now I'm not so sure...
  • #8,945
  • Aug 17, 2017 2:08am Aug 17, 2017 2:08am
Hello guys, I've been trading this system for a couple of weeks and the results are really good, I've tested many systems with no comparison to this one.

Rules are very simple, just stick to them and you will see constant profit.

Thank you!
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  • #8,946
  • Aug 17, 2017 3:17am Aug 17, 2017 3:17am
Quoting zatara503
Hello guys, I've been trading this system for a couple of weeks and the results are really good, I've tested many systems with no comparison to this one. Rules are very simple, just stick to them and you will see constant profit. Thank you! {image}
Hello
Welcome
Glad to hear that you have got good results.
All the best.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,947
  • Aug 17, 2017 5:21am Aug 17, 2017 5:21am
Quoting Oddbjorg
Hello 55-65% sure of these. Take care. Oddbj. {image} {image} {image}
Hi Oddbjorg,

I have entered the three setups you have posted and all of them are positive so far! EC is going the best. Thanks for sharing signal in timely manner here.
  • #8,948
  • Aug 17, 2017 7:13am Aug 17, 2017 7:13am
Quoting Filipo1
{quote} Agreed, just got short now, thanks for the call Skadef. {image}
Hello Filippo.
A have a question about your chart.
The orange candles are bull right?
If so that candle closed above SMA.
Why you shorted instead of buying?
Thanks
  • #8,949
  • Aug 17, 2017 8:08am Aug 17, 2017 8:08am
Quoting ghostman10
{quote} Hi Oddbjorg, I have entered the three setups you have posted and all of them are positive so far! EC is going the best. Thanks for sharing signal in timely manner here.
Thanks for being positive.
All the best to all of you. But don't follow me. I am a learner.
  • #8,950
  • Aug 17, 2017 9:12am Aug 17, 2017 9:12am
Quoting Merka
{quote} Hello Filippo. A have a question about your chart. The orange candles are bull right? If so that candle closed above SMA. Why you shorted instead of buying? Thanks
Helle Merka,
Look at the orientation of the SMA, up or down?
I entered short because the retracement of this orange bull candle allowed an attractive entry level in agreement with the short setup signalled by the big violet candlestick 3 days earlier.
I used to be indecisive but now I'm not so sure...
  • #8,951
  • Aug 17, 2017 9:39am Aug 17, 2017 9:39am
Quoting Filipo1
{quote} Helle Merka, Look at the orientation of the SMA, up or down? I entered short because the retracement of this orange bull candle allowed an attractive entry level in agreement with the short setup signalled by the big violet candlestick 3 days earlier.
Understood.
Thanks
  • #8,952
  • Edited 10:32am Aug 17, 2017 9:50am | Edited 10:32am
Quoting Filipo1
{quote} Helle Merka, Look at the orientation of the SMA, up or down? I entered short because the retracement of this orange bull candle allowed an attractive entry level in agreement with the short setup signalled by the big violet candlestick 3 days earlier.
Nevertheless I was stopped yesterday. Another personal adjustment I will include in my trading system is to place my stop-loss orders on the previous fractal before the signal candlestick (the one actually crossing SMA5) +/- 10 pips.
I used to be indecisive but now I'm not so sure...
  • #8,953
  • Aug 17, 2017 11:23am Aug 17, 2017 11:23am
Quoting Filipo1
{quote} Helle Merka, Look at the orientation of the SMA, up or down? I entered short because the retracement of this orange bull candle allowed an attractive entry level in agreement with the short setup signalled by the big violet candlestick 3 days earlier.
Thx for keeping this thread active with charts (u, Skadef, Oddbjorg)

How abt pending orders to factor in retracements - I know that is not per bk8's strategy..

After cashing in on retracement, do you place order per this strategy's signal - in this case sell?

Thank you
  • #8,954
  • Aug 17, 2017 2:49pm Aug 17, 2017 2:49pm
Hi!

Just wondering if you guys (those who are profitable with this system) are using any kind of indicator as confirmation?

For example I'm using rsi with 7 period and only a 50 line as confirmation. I think it works pretty well but what are your thoughts?
  • #8,955
  • Aug 17, 2017 2:54pm Aug 17, 2017 2:54pm
Quoting kski
{quote} Thx for keeping this thread active with charts (u, Skadef, Oddbjorg) How abt pending orders to factor in retracements - I know that is not per bk8's strategy.. After cashing in on retracement, do you place order per this strategy's signal - in this case sell? Thank you
Hello Kski, pending orders maybe but based on what, Fibonacci levels? Not so sure I see what you have in mind.
As mentioned above in case of a retracement after a signal and provided of course that the stop-loss level has not been reached, I would enter or even possibly re-enter in the same direction of the setup with same stop-loss much less distant obviously.
I used to be indecisive but now I'm not so sure...
  • #8,956
  • Aug 17, 2017 6:42pm Aug 17, 2017 6:42pm
Hello
There is space down to low bb...so... 65% sure.
Thank you.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,957
  • Aug 17, 2017 6:59pm Aug 17, 2017 6:59pm
Quoting Smek
Hi! Just wondering if you guys (those who are profitable with this system) are using any kind of indicator as confirmation? For example I'm using rsi with 7 period and only a 50 line as confirmation. I think it works pretty well but what are your thoughts?
Hello.
Going through old D charts, .. f.x. AudCad or GbpChf.
Put the sma and bb on. Then slide back back back... and see how the candles, bb, sma behave.
That's what I do. Others can maybe tell you about a good indicator.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #8,958
  • Aug 18, 2017 8:49am Aug 18, 2017 8:49am
Timber! well hopefully
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I used to be indecisive but now I'm not so sure...
  • #8,959
  • Aug 18, 2017 9:22am Aug 18, 2017 9:22am
Quoting Filipo1
Timber! well hopefully {image}
yes yes yes
Thank you
Have a nice weekend
Will maybe see you all Monday evening
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,960
  • Aug 18, 2017 11:33am Aug 18, 2017 11:33am
Quoting Smek
Hi! Just wondering if you guys (those who are profitable with this system) are using any kind of indicator as confirmation? For example I'm using rsi with 7 period and only a 50 line as confirmation. I think it works pretty well but what are your thoughts?
Hey Smek, I don't know about others on this thread but I don't use this as a primary type of strategy. I'm a range/breakout trader that focuses on Wave Theory, Harmonics along with key S/R areas. I use this primarily around such areas, I don't use the BB but I do look for divergence with the RSI and candle formations to confirm the cross only in key areas. Hope this helps.
Gentlemen always play by the rules, if they can't, they change them.
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