Monthly Profit - Daily Trading using SMA

I buy GBP/JPY

Hello
There are wicks - last candle not large - struggling around mid bb - - -
I'll hold my peace.
Take care.
Oddbjørg

In Range

I am also in the trade. I think the Eur/Usd Market is in a range in general. I expect a big move in the next months.
About the last signal, I think the candle is not in range, because we have higher high, higher close.

Wish luck to everyone

Hi Oddbjorg and Filipo (and all your other followers) ...

I have some magnetic tie to this forum sometimes very closely and some less so . . . but it draws you.

I understand the rules and guidance posted over time, but I do wonder about your both posting your success rates at no more than 60% and even less for Filipo, I believe.

My limited experience in trading with the SMA 5 is a bit better, BUT I may be doing something different. I got here from low time frame trading, and from that if I catch myself in profit with the SMA 5 I am likely to close (probably) earlier than either of you would. This likely leads to smaller successes but possibly at a slightly higher rate. I don't think of myself as scalping with this but it is something less than Bk8 had in mind.

When we enter with the SMA turned in the direction of entry + passing on sideways movement + being wary of a large wick in the direction of your possible entry and looking for some evidence of momentum . . . this should be a net winner strategy.

But I am saying all that on much less actual data than you two have accumulated.

Are you exiting based on Bk8's original rules especially letting a second entry run . . . that is where I get nervous. I know it is where the big runs are possible.

My other concern is that trading from North America, as I do, I don't generally see much of the London opening and morning activity which can be quite significant, of course. Sleeping while the markets may be blasting away makes me pretty unsettled where hours of unseen activity can result in dozens of pips against you.

If you have any hard earned thoughts on your exits, I would love to hear them.

Continued good success to you!

All the best, FS

Hello
I was wrong on this one.
Some 40 + 50 pips.
In my always easy clever hindsight - I should have taken it more positive, that it had pricked in to mid bb.
Oddbjørg! Just admit it - at go on!
Have a nice week end everybody.
Oddbjørg.

Hello Forest Sea.
I am still soft going. 1) for the most part go in after the second candle 2) exit after two of three more candles. 3) not going in with the second trade without being very sure.
I know this is a to slow temperament for the profs on this thread - but it works, that is the goal for me - while I am studying forex.
All the best.
Oddbjørg

This makes sense to me. I see from your many postings that you have always traded this system cautiously.

Your best phrase here is "but it works."

Congratulations Oddbjorg and a pleasant weekend to you.

FS

Hi everyone still active there.
Can someone define the entry logic? (I sow many screens about different entry point and i'm bit confused).
If someone can help me i could create a good EA almost for testing in long period this system.

Regards

This pair is always interesting to trade.

Hi everyone, I am on this one today.
Have an excellent week.

Good morning everyone. Sell stop NZDCAD

Quoting BeaterTrader

Disliked

Hi everyone still active there. Can someone define the entry logic? (I sow many screens about different entry point and i'm bit confused). If someone can help me i could create a good EA almost for testing in long period this system. Regards

Ignored

Hello BeaterTrader

Look at this post with charts :

https://www.forexfactory.com/showthr...17#post9162217

together with post 1,
and you pretty much have it all cleared up.

I am not the best teacher around here, because I go in late in and out early, and seldom take two trades.
It works, and that's the important part for me, untill I am can be more educated in forex.
I hope the profs around here with the insight, send you an answer also.
F.x. to decide about sideways is a pain for me.

I have written some small notes. But because I am so longwinded, I just did put in some seperate files.
There are repetitions - but you can scan-run through it and see if it something for you.

Be in Demo first - print charts out - make your notes lines etc on it - and return to in the next week.
Then you can maybe see something, you should have been able to see, before you took a position.
I know it sounds like I am from the 60'ies - but for me files and copies of them on the computer etc. with printscreens, can not match these printed charts.
It's hand on, and you make lines circles and write with different pens and markers on them in seconds.


Take care and all the best.

Oddbjørg.

Short Nzd/Cad @ 90532
stop 0.91279

Short Gbp/Chf @ 1.29696
stop 1.31313

Short Gbp/Jpy @ 142.554
stop 144.758

Short Xag/Usd @ 15.853
stop 16.138

How do you guys post charts?

I am watching Usd/Sgd

Price was rejected mid bb line at 1.3600level. Will wait for either a higher swing or double bottom @ 1.34500

Hello
I use tradingview for charts.
Minimize it approx 1/3 of screen.
Use the cut tool - you have it?
Save it - in my case png file.
Then you upload the file in a new post.
Hope it helps - or else, you are welcome to return.
Oddbjorg

thanks i will try this

Gbp/Jpy

Nzd/Cad

Gbp/Chf