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Monthly Profit - Daily Trading using SMA

  • #11,421
  • Jan 21, 2020 10:21pm Jan 21, 2020 10:21pm
Hey guys, new to the thread. Here are a few I am looking at.
However I just noticed a couple of them have a flat SMA so I might have jumped in too early.
Am I on the right track with these? Or something I am missing?
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  • #11,422
  • Jan 24, 2020 4:16am Jan 24, 2020 4:16am
Quoting Oddbjorg
Hello All the best. {image} {image} {image}
++
Have a nice weekend all.
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All the best to all of you. But don't follow me. I am a learner.
  • #11,423
  • Jan 25, 2020 8:28am Jan 25, 2020 8:28am
Monthly Profit - Daily Trading using SMA
Long - When previous D1 bull candle's body has clearly crossed SMA
Daily Profit - H1 Trading using SMA:
Long - When previous H1 bull candle has clearly crossed BB main line and SMA is above BB main line

Have not found description of this deference
Just an opinion. Based on research
  • #11,424
  • Jan 25, 2020 10:04am Jan 25, 2020 10:04am
Quoting since80808
Monthly Profit - Daily Trading using SMA Long - When previous D1 bull candle's body has clearly crossed SMA Daily Profit - H1 Trading using SMA: Long - When previous H1 bull candle has clearly crossed BB main line and SMA is above BB main line Have not found description of this deference
Correct. H is maybe more sensetive and it is better with more confirmation.
All the best to all of you. But don't follow me. I am a learner.
  • #11,425
  • Jan 30, 2020 5:58pm Jan 30, 2020 5:58pm
Hello
Keeping an eye on EurUsd for some north-going.
It is on the rim of decision. We will see. Take care.
All the best.
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All the best to all of you. But don't follow me. I am a learner.
  • #11,426
  • Edited 9:15pm Jan 31, 2020 9:02pm | Edited 9:15pm
Quoting Oddbjorg
Hello Keeping an eye on EurUsd for some north-going. It is on the rim of decision. We will see. Take care. All the best. {image}
Have a nice weekend all.
May not all be system.. But situations that are actual in east and Europe.
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All the best to all of you. But don't follow me. I am a learner.
  • #11,427
  • Feb 1, 2020 4:35pm Feb 1, 2020 4:35pm
Hello Oddbjorg,

You seem to know this system pretty well. I just stumbled upon it myself. Looks promising.

Just wanted to ask you a few questions:

1. Does the daily candle have to cross and close above/below both the 5 sma and 20 ma of BB,

or just the 5 sma.

2. How many trades do you take in a week, shouldn't be too many I'm guessing.

3. Is it profitable for you, do you trade live or demo.

Thanks.
  • #11,428
  • Feb 1, 2020 9:19pm Feb 1, 2020 9:19pm
Quoting PipsRUs99
Hello Oddbjorg, You seem to know this system pretty well. I just stumbled upon it myself. Looks promising. Just wanted to ask you a few questions: 1. Does the daily candle have to cross and close above/below both the 5 sma and 20 ma of BB, or just the 5 sma. 2. How many trades do you take in a week, shouldn't be too many I'm guessing. 3. Is it profitable for you, do you trade live or demo. Thanks.
Hello.
Still learning and overcareful and the system works. Demo and live in a team.
Bk8 does not say that the candle has to cross mid bb, I think, but I know some wait to see if it fx in long is a roof and in short is a floor.
I often wait for a second confirming candle.
Well maybe some of the profs can explain better. And it is always magnum to go through post 1 and study Ghibli's charts.
Huff this was long. Sorry guys.
Take care and demo first please.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #11,429
  • Feb 1, 2020 9:48pm Feb 1, 2020 9:48pm
Quoting Oddbjorg
{quote} Hello. Still learning and overcareful and the system works. Demo and live in a team. Bk8 does not say that the candle has to cross mid bb, I think, but I know some wait to see if it fx in long is a roof and in short is a floor. I often wait for a second confirming candle. Well maybe some of the profs can explain better. And it is always magnum to go through post 1 and study Ghibli's charts. Huff this was long. Sorry guys. Take care and demo first please. Oddbjørg
Got it, thanks Oddbjork.

I will start demo this week.
  • #11,430
  • Feb 2, 2020 5:31pm Feb 2, 2020 5:31pm
Quoting Oddbjorg
{quote} Hello. Still learning and overcareful and the system works. Demo and live in a team. Bk8 does not say that the candle has to cross mid bb, I think, but I know some wait to see if it fx in long is a roof and in short is a floor. I often wait for a second confirming candle. Well maybe some of the profs can explain better. And it is always magnum to go through post 1 and study Ghibli's charts. Huff this was long. Sorry guys. Take care and demo first please. Oddbjørg
Hi,
Do you use both systems - the daily and hourly together? And what is the thread for the hourly SMA? please.
  • #11,431
  • Feb 2, 2020 5:45pm Feb 2, 2020 5:45pm
Quoting sagi
{quote} Hi, Do you use both systems - the daily and hourly together? And what is the thread for the hourly SMA? please.
Hello. This is the thread on Bk8 H system.
All the best.

https://www.forexfactory.com/showthread.php?t=605254
All the best to all of you. But don't follow me. I am a learner.
  • #11,432
  • Feb 2, 2020 11:05pm Feb 2, 2020 11:05pm
Good day everyone.
Just discovered this wonderful strategy and would like to give a try. The good thing about the strategy its explains where to one can set a SL and TP which is one of the biggest issues I'm facing. Hope I will be guided?

Thanks jeedy
  • #11,433
  • Feb 3, 2020 3:18am Feb 3, 2020 3:18am
Watching this pair
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  • #11,434
  • Feb 3, 2020 3:24am Feb 3, 2020 3:24am
I'm I the only one who use sma 5 and 0 shift?
  • #11,435
  • Feb 3, 2020 4:17am Feb 3, 2020 4:17am
Quoting jeedy
I'm I the only one who use sma 5 and 0 shift?
no. We all use 5, 0 shift and standard Bollinger
  • #11,436
  • Feb 4, 2020 2:48am Feb 4, 2020 2:48am
Today's trade TP hit.
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  • #11,437
  • Feb 4, 2020 3:31am Feb 4, 2020 3:31am
Quoting kudafoolhu
Today's trade TP hit. {image}
Kudos
  • #11,438
  • Feb 4, 2020 7:26am Feb 4, 2020 7:26am
Hello
Interresting pairs.

A bit early to say - keeping an eye on it.
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All the best to all of you. But don't follow me. I am a learner.
  • #11,439
  • Edited 5:47am Feb 5, 2020 3:59am | Edited 5:47am
First time demo trading this strategy. Works like a charm. Entered these trades just this morning my local time. I can close them now.

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I'll post charts of these trades when I get home. I may have closed the trades too early. High impact news are due for most of the pairs I traded. AUD, USD. Better be safe than sorry.
Patience and Discipline, these are the Holy Grail.
  • #11,440
  • Feb 5, 2020 11:51pm Feb 5, 2020 11:51pm
Hello Traders,

Is it a late or correct entry? Thanks.

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