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Attachments: Monthly Profit - Daily Trading using SMA
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Monthly Profit - Daily Trading using SMA

Quoting pipspipspips
shorted eur/cad. It might hit support at around 1.5280, that's still a 200 pip move, hopefully more. {image}
Closed first position for a 135 pip profit. Nice.
Just bought GBPCAD.

Strong bullish bar which has broken out of the inside bar down trend. Price closed in the top 25% of the daily range.

Recent trend has been up (if that counts for anything nowadays)

Lets see if the momentum continues!
All opinions stated are purely opinions.. I may be wrong!
Quoting slowlyslowly
Just bought GBPCAD. Strong bullish bar which has broken out of the inside bar down trend. Price closed in the top 25% of the daily range. Recent trend has been up (if that counts for anything nowadays) Lets see if the momentum continues!
Good luck. I don't like the consolidation area it is approaching.
I took a chance on aud/usd, hopefully it breaks the high of 3/20 candle and goes on, there is nothing in it's way.
Quoting Bk8
I am sharing the simplest strategy for stress free day trading, I have ever seen anywhere else Indicators SMA 5,0 BB (Optional) Time Required - Just 15 minutes daily after D1 close when new candle starts. Avoid Lower timeframe charts, even H4 is not reliable. Risk - Do not take positions more than 5% of account value and do not take multiple positions of same currency (Max 2), even setup is 100% correct Sideways pattern, see below (Updated on 17-Dec-2016) Long - SMA line in upward direction Short - SMA line in downward direction Ignore - Flat SMA...

Thanks for sharing Sir
Kindly start to use this analysis for my trading scheme
I already use dailly Divergence before, this technique will complete my setup


Many thanks
Quoting superbprofit
{quote} Thanks for sharing Sir Kindly start to use this analysis for my trading scheme I already use dailly Divergence before, this technique will complete my setup Many thanks
Yes Sir....I love you full
Quoting Iniezta
{quote} Yes Sir....I love you full
Already got profit Sir?
Good luck with your trade ..
sold usd/cad, pretty large bearish candle closed today. Let's see how it goes.
still have aud/usd long open, indecisive candle today, maybe tomorrow will get a direction?
Quoting pipspipspips
sold usd/cad, pretty large bearish candle closed today. Let's see how it goes. still have aud/usd long open, indecisive candle today, maybe tomorrow will get a direction?
Nice Sir
USACAD already dropped many pips
Congrats! Actually I open sell limit but it didn't hit
For AUDUSD I don't know but it seems the price go down again for today
I also have a long position since yesterday morning
USDJPY.... been waiting for that sell candle for over a week... jumping in
All opinions stated are purely opinions.. I may be wrong!
Quoting superbprofit
{quote} Already got profit Sir? Good luck with your trade ..
Yes little litte but enough. How about yours? Dont too big lot lah...
Quoting slowlyslowly
USDJPY.... been waiting for that sell candle for over a week... jumping in
Had a good run, nowhere near my TP but taking the money and running.. No way I'm keeping anything over the weekend nowadays !
All opinions stated are purely opinions.. I may be wrong!
Hi All, Thanks for this Bk8,
I like the low maintenance, low stress method. One question though...are these trades normally counter to the larger trend like they have been the last few days? Or is there generally good opportunities to hop in after a consolidation within a trend? Thanks in advance
Quoting nsscott
Hi All, Thanks for this Bk8, I like the low maintenance, low stress method. One question though...are these trades normally counter to the larger trend like they have been the last few days? Or is there generally good opportunities to hop in after a consolidation within a trend? Thanks in advance
Yes they often are counter trend. I found that following the rules steadfastly often resulted in hitting the first TP but the the 'runner' would often end up back at BE. Personally I now only place trades in the direction of the longer term trend and it has helped improve my win rate. I also don't use two positions, just 1 position with TP at 1:1 R:R. Seems to be working OK so far.
All opinions stated are purely opinions.. I may be wrong!
Attached Image (click to enlarge)
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Just want to say thank you to BK8 for sharing this simple system, and it really don't takes much of my time to trade it. But instead of using SMA 5,0 or SMA 5,3, I using Hull moving average as my open position signal, because I found it to give signal earlier then SMA 5.
Quoting slowlyslowly
{quote} Yes they often are counter trend. I found that following the rules steadfastly often resulted in hitting the first TP but the the 'runner' would often end up back at BE. Personally I now only place trades in the direction of the longer term trend and it has helped improve my win rate. I also don't use two positions, just 1 position with TP at 1:1 R:R. Seems to be working OK so far.
Thanks Slowly! I much prefer longer term trend. Noce to know there are opportunities there as well.
Quoting Josiong
{image} Just want to say thank you to BK8 for sharing this simple system, and it really don't takes much of my time to trade it. But instead of using SMA 5,0 or SMA 5,3, I using Hull moving average as my open position signal, because I found it to give signal earlier then SMA 5.
Hull MA? Is that the color change indi at the bottom of your chart? If not, what is that?
Also, what do u use to have your 5 MA change color?
Quoting Josiong
{image} Just want to say thank you to BK8 for sharing this simple system, and it really don't takes much of my time to trade it. But instead of using SMA 5,0 or SMA 5,3, I using Hull moving average as my open position signal, because I found it to give signal earlier then SMA 5.
would you mind to share the settings of the hull ma?
Quoting nsscott
{quote} Hull MA? Is that the color change indi at the bottom of your chart? If not, what is that? Also, what do u use to have your 5 MA change color?
No, The Hull MA is the one that you think is 5 MA with color change. The color change indi at the bottom is Heiken Ashi but shown as that bar instead of covering my candlestick. So I know the heiken ashi candle and the original candle.

I used Hull moving average with 12 periode, when the color change and the daily candle close then I enter the market. Other then that I use EMA 50 and 100 for showing the big trend and as dynamic support and resistance.

Here are the indicator that I used,
1. HMA Dynamic Color is the one I used to replace SMA 5 (you can attach it to your chart along with SMA 5 and see the difference)
2. Double HMA MTF for MT4 Light - it is just the same like Hull moving average, but this is the MTF version, so you can show the higher timeframe HMA in lower timeframe, eg. you can see the Weekly HMA periode 12 in the daily timeframe
3. Symbol changer profit display v3 - this is an indicator to switch between pair and timeframe, with the ability showing us which pair we trade (green color means we trade that pair with floating profit, and the red color means we trade the pair with floating lost)
4. #MTF Moving average - just usual moving average but this is the MTF (Multi timeframe version) which can show us higher time frame moving average line in the lower timeframe. (see in the picture for more clearly)
5. Heiken ashi tape - just an ordinary heiken ashi, the difference is instead of covering our candlestick with heiken ashi candle, it shows the heiken ashi candle as green and reed bar in the bottom of our chart.
Attached Image (click to enlarge)
Click to Enlarge Name: SharedScreenshot.jpg Size: 893 KB
Attached Files
File Type: ex4 HMA Dynamic Color.ex4   18 KB | 175 downloads
File Type: ex4 Symbol changer profit display v3.ex4   33 KB | 133 downloads
File Type: mq4 #MTF Moving Average.mq4   5 KB | 140 downloads
File Type: mq4 Heiken Ashi-Tape.mq4   3 KB | 162 downloads
File Type: ex4 Double HMA MTF for MT4 Light.ex4   38 KB | 142 downloads
Long on EU till at least 1,15 with a potential extension till 1,18?
Attached Image (click to enlarge)
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Selling CADJPY.

Recent downtrend which has pulled back. Hanging man followed by a down bar which closed below the low of the hanging man. Crossing the 5SMA as it went. Plenty of room to breathe below it too. Lets see if it has any steam?
All opinions stated are purely opinions.. I may be wrong!
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