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Monthly Profit - Daily Trading using SMA

  • #10,001
  • Apr 3, 2018 8:52am Apr 3, 2018 8:52am
Quoting Oddbjorg
{quote} currency please?
AUDUSD, I did not add that on purpose, and removed the today candle, which didn't go my way. But just wanted to know people's thoughts about the trade with the information I had available on the current time I took the trade.
  • #10,002
  • Apr 3, 2018 9:20am Apr 3, 2018 9:20am
My thoughts are, by the original information you gave us is:
1. The greatest part of the opportunity has passed from several bars previous.
2. It appears PA may move further down, but not by much based on the size of the candles and the slope of the move from the original crossing of the BBMB.
3. The current slope of the SMA is down, but you can see that it has been oscillating for several periods, so not a strong decisive direction.
4. Looking left, there is not much information provided to know if there is a S/R zone to key off of.
5. I would let it pass and find another opportunity.
  • #10,003
  • Apr 3, 2018 10:59am Apr 3, 2018 10:59am
Hello Oddbjorg.
Could you explain for me about stop loss for trade 2 ?
When I close trade 1 , do I have to move stop loss trade 2 to BE ?
Thank you.
  • #10,004
  • Apr 3, 2018 1:10pm Apr 3, 2018 1:10pm
Quoting lctrader11
My thoughts are, by the original information you gave us is: 1. The greatest part of the opportunity has passed from several bars previous. 2. It appears PA may move further down, but not by much based on the size of the candles and the slope of the move from the original crossing of the BBMB. 3. The current slope of the SMA is down, but you can see that it has been oscillating for several periods, so not a strong decisive direction. 4. Looking left, there is not much information provided to know if there is a S/R zone to key off of. 5. I would...
Good points and thanks for your thoughts, they all help me get better trading this strategy :-)
  • #10,005
  • Apr 3, 2018 1:27pm Apr 3, 2018 1:27pm
Quoting Respira
Hello Oddbjorg. Could you explain for me about stop loss for trade 2 ? When I close trade 1 , do I have to move stop loss trade 2 to BE ? Thank you.
Hello
Sorry, I am not finish learning how to handle the second trades.
I am at the stage of barely dipping my toe in to taking the second trade after BK8's strategy.

Some of the profs here can help you, I hope.

All the best.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,006
  • Edited 4:06pm Apr 3, 2018 3:50pm | Edited 4:06pm
Hello.
These are interresting pairs.
I know some of them have reached upper BB, and we shall consider that. BK8 though he
did often go on after upper or lower BB if it went his way and sma was pointing up/down.
I am just communicating - not giving signals to take trades after.
It is best not to take to many trades with same currencies in the pairs.
Take care.
Oddbjørg.
Attached Image(s) (click to enlarge)
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All the best to all of you. But don't follow me. I am a learner.
  • #10,007
  • Apr 5, 2018 2:54am Apr 5, 2018 2:54am
If I had taken all of oddbjorg's signals I would be in good profit by now. I only took USDJPY for learning purposes. I am liking this simple system very much.
  • #10,008
  • Edited 9:05pm Apr 5, 2018 8:55pm | Edited 9:05pm
Quoting Oddbjorg
Hello. These are interresting pairs. I know some of them have reached upper BB, and we shall consider that. BK8 though he did often go on after upper or lower BB if it went his way and sma was pointing up/down. I am just communicating - not giving signals to take trades after. It is best not to take to many trades with same currencies in the pairs. Take care. Oddbjørg. {image} {image} {image} {image} {image}
Hello.
Have closed those I was into down.
+++ pips
We will see if there are good positions to take monday Tokyo open.
Untill then - All the best.
Oddbjørg.
All the best to all of you. But don't follow me. I am a learner.
  • #10,009
  • Apr 9, 2018 6:54am Apr 9, 2018 6:54am
I think USDMXN is a good setup to begin this week, i think it has potential.

Attached Image (click to enlarge)
Click to Enlarge Name: USDMXN.jpg Size: 187 KB
  • #10,010
  • Edited 6:24pm Apr 9, 2018 1:42pm | Edited 6:24pm
No new trade for me.
I had GU - did close it.
All the best.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,011
  • Apr 10, 2018 7:28pm Apr 10, 2018 7:28pm
Hello
Interresting pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: EU AU 10 04 2018 D.JPG Size: 67 KB
All the best to all of you. But don't follow me. I am a learner.
  • #10,012
  • Apr 10, 2018 8:01pm Apr 10, 2018 8:01pm
It should be long trade, right - Oddbjorg?
  • #10,013
  • Apr 10, 2018 8:35pm Apr 10, 2018 8:35pm
Quoting PatientCalm
It should be long trade, right - Oddbjorg?
Yes.
All the best to all of you. But don't follow me. I am a learner.
  • #10,014
  • Edited Apr 17, 2018 4:15am Apr 16, 2018 8:56pm | Edited Apr 17, 2018 4:15am
Hello
Funny times for us BK8ers.
Usd Jpy 60%
All the best. Oddbjørg.
All the best to all of you. But don't follow me. I am a learner.
  • #10,015
  • Apr 16, 2018 10:54pm Apr 16, 2018 10:54pm
Hello
how bout Eur/Usd?
  • #10,016
  • Apr 17, 2018 5:23am Apr 17, 2018 5:23am
Quoting denno
Hello how bout Eur/Usd?
Hello Denno.
Sorry I have not come to answer before now.
My app on the phone 7 hours ago did show the price closer to upper bb.
But now the chart from Tradingview it does not show that.
-

Take care.
Attached Image
All the best to all of you. But don't follow me. I am a learner.
  • #10,017
  • Apr 17, 2018 5:52am Apr 17, 2018 5:52am
Hello oddbjorg.
Thanks for replying, that means there is still room for upwards motion? But is the ma too weak for goin long
  • #10,018
  • Apr 17, 2018 6:02am Apr 17, 2018 6:02am
Quoting denno
Hello oddbjorg. Thanks for replying, that means there is still room for upwards motion? But is the ma too weak for goin long
In case of doubt i would not take that trade, it is preferable to look for better setups. EURUSD is stuck in a range at this moment, i would wait for a breakout either to the upside or to the downside.
  • #10,019
  • Apr 17, 2018 6:27am Apr 17, 2018 6:27am
Quoting Coy0te
{quote} In case of doubt i would not take that trade, it is preferable to look for better setups. EURUSD is stuck in a range at this moment, i would wait for a breakout either to the upside or to the downside.
Yea guess your right, sometimes when u wait too long for a good setup, u tend to take any setup that comes
  • #10,020
  • Apr 17, 2018 8:05am Apr 17, 2018 8:05am
Hello friends.
I have made all the currency - pairs charts. D for today.
You can see BK8 D system WORKS!!
With respect - I am not going to bombarde BK8's thread with 28 images.
But it is nice to look at, and see if you think some of the pairs are more obvious -
f. ex. more relaxed - or explosive.
Well, we will see if we can use this to anything.
All the best.
Oddbjørg.

Feel free to visit my thread. The last page.

https://www.forexfactory.com/showthr...6#post10972656
All the best to all of you. But don't follow me. I am a learner.
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