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Monthly Profit - Daily Trading using SMA

  • #10,261
  • Jul 24, 2018 6:16pm Jul 24, 2018 6:16pm
Quoting RisingSun
Thanks T4Trade and Inpettos. As a powerful entry setup reading chart, attached is a chart to check the BB Band Walk setup. Band Walk setup is defined as the candle closed outside the Bollinger Band Dev 1 (white), 7 to 9 times (candles) before current candle has closed crossing the Dev1. Entry will be at the open of the next D1 Candle. Anticipated TP would be 50 pips or more (the grid is 50 pips). Notice the BK8 sma5 signal (yellow dotted line) comes earlier than this Band Walk setup. Hope this will be of interest to those who want to make big pips...
Thank you, RisingSun.
All the best to all of you. But don't follow me. I am a learner.
  • #10,262
  • Edited 4:38am Jul 25, 2018 3:39am | Edited 4:38am
THANKS ALOT ,SO NICE OF YOU.

can you please teach me how do you interpret ATR indicator.
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  • #10,263
  • Jul 25, 2018 3:02pm Jul 25, 2018 3:02pm
https://www.forexfactory.com/attachm...1&d=1496361701
please can someone tell me what is this horizontal red box with red horizontal candle in it? and secondly what is the significance of mid BB line?
  • #10,264
  • Jul 25, 2018 3:21pm Jul 25, 2018 3:21pm
GBP/JPY with nice support bounce ?
Attached Image
  • #10,265
  • Edited 9:12pm Jul 25, 2018 5:06pm | Edited 9:12pm
Quoting T4Trade
{image} please can someone tell me what is this horizontal red box with red horizontal candle in it? and secondly what is the significance of mid BB line?
Hello
I think it is from one of mine posts.
It shows my chart in Oanda, f. ex. here sell,
But I have covered the seize of the amount with a small red line..
Please return if it is not clear.
All the best to all of you. But don't follow me. I am a learner.
  • #10,266
  • Edited Jul 26, 2018 3:44pm Jul 25, 2018 6:08pm | Edited Jul 26, 2018 3:44pm
My take this morning (here); long Gold.

Perfect Band Walk + Bk8 sma5 setup. TP @center line.

Let's see how it goes.

Cheers,
RS
Attached Image (click to enlarge)
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Edit 7/27: SL hit. Be reminded my posts are for info purposes only. Neither a trade suggestion nor an advice.
  • #10,267
  • Jul 30, 2018 9:56pm Jul 30, 2018 9:56pm
Hello
Am in on EU. No chart right now.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #10,268
  • Edited 6:33pm Aug 1, 2018 10:04am | Edited 6:33pm
Hello
Interresting pairs
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All the best to all of you. But don't follow me. I am a learner.
  • #10,269
  • Aug 2, 2018 4:42am Aug 2, 2018 4:42am
Hi there, I just passed for a glimpse. Hope you are doing fine.
i can’t resist reminding how important it is to check weekly ichimoku charts before entering on a trade where JPY is involved. For CHFJPY and CADJPY resistance is quite obvious.

All the best.
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I used to be indecisive but now I'm not so sure...
  • #10,270
  • Aug 2, 2018 7:11am Aug 2, 2018 7:11am
And for USDJPY monthly gives the best perspective from my point of view :
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I used to be indecisive but now I'm not so sure...
  • #10,271
  • Aug 2, 2018 9:49am Aug 2, 2018 9:49am
Quoting Filipo1
Hi there, I just passed for a glimpse. Hope you are doing fine. i can’t resist reminding how important it is to check weekly ichimoku charts before entering on a trade where JPY is involved. For CHFJPY and CADJPY resistance is quite obvious. All the best. {image} {image}
Hello
Thank you so much, Filipo1.
Oddbjørg.
All the best to all of you. But don't follow me. I am a learner.
  • #10,272
  • Edited 4:45am Aug 3, 2018 4:24am | Edited 4:45am
somene using this thread and EA actively? since most of the pairs are on reversals,This EA took 4 trades for me,is anyone here with me?

please open a telegram channel of this thread ,so we can communicate well,thanks

I can see that this strategy is also in commercial lobby and there also inactive,does that mean that this EA doesn't work?

can we hide the take profit levels from broker? because my broker manupulates my tp levels.
  • #10,273
  • Aug 4, 2018 1:31pm Aug 4, 2018 1:31pm
Hi all,

How are you profiting with the Bk8 method?

In order to increase the rate of successful trades, add a pivot indicator to your daily chart.

The pivot concept is explained by Neil0163 in his thread Weekly Pivot trading with TDI. It's an easy read and his explanations are of 1st class.

You chart would look like this. The Bk8 sma5 line is in purple color.

Many more green pips
RS
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 Pivot_Voty.mq4   35 KB | 274 downloads
Attached File(s)
File Type: ex4 Pivot_Voty.ex4   72 KB | 247 downloads
  • #10,274
  • Aug 4, 2018 6:39pm Aug 4, 2018 6:39pm
Quoting RisingSun
In order to increase the rate of successful trades, add a pivot indicator to your daily chart.{image}{file}{file}
I hope you can back up your claim with more successful trades in the last 6 months than without the indicator, but I dont hold my breath.
  • #10,275
  • Aug 9, 2018 8:31pm Aug 9, 2018 8:31pm
I am a newbie! I read a day's post, please see if my settings are correct? There is another question, how to see if the trend is horizontal, thank you!
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  • #10,276
  • Aug 9, 2018 10:05pm Aug 9, 2018 10:05pm
[quote = Bk8; 9090605] {quote}我认为横向识别起来并不难，例如我在3-4天后就占据了这个位置，但它失去了趋势..所以你今晚可以忽略这个设置，即使它跨过SMA {image} [ /引用]
Can anyone help explain how to see that there is no trend? Thank you
  • #10,277
  • Aug 9, 2018 10:11pm Aug 9, 2018 10:11pm
Can anyone help explain how to see that there is no trend? Thank you
  • #10,278
  • Aug 10, 2018 1:55am Aug 10, 2018 1:55am
Quoting cnnn
Can anyone help explain how to see that there is no trend? Thank you
See what the trend is doing on all timeframes.
understand market cycle models
technical tools: moving averages angles, adx, macd
understand consolidation (use search engine on this term, as well as trend trading articles) etc...

unable to teach it here without you doing work
We err, and err, and err again, but less.
  • #10,279
  • Edited Aug 12, 2018 12:08pm Aug 11, 2018 3:28pm | Edited Aug 12, 2018 12:08pm
Quoting cnnn
Can anyone help explain how to see that there is no trend? Thank you
Hello
No trend ....sideways...flat...
Are you thinking on those things in connection with the Bk8's system.
Please return.
All the best to all of you. But don't follow me. I am a learner.
  • #10,280
  • Aug 14, 2018 10:15pm Aug 14, 2018 10:15pm
The two are today, and I think they should be good. Do you have any suggestions?
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