Jake Bernstein 10 SMA high 8 SMA low trading system | Forex Factory

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Attachments: Jake Bernstein 10 SMA high 8 SMA low trading system
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Jake Bernstein 10 SMA high 8 SMA low trading system

  • #1
  • First Post: Edited Apr 11, 2021 8:02am Jun 13, 2020 9:06pm | Edited Apr 11, 2021 8:02am
RULES AND TEMPLATE PLEASE GO TO POST 75
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  • #2
  • Edited Jun 14, 2020 8:21pm Jun 13, 2020 10:48pm | Edited Jun 14, 2020 8:21pm
big trend we just need a dashboard to alert from the #1 rule when 2 bars are not touching the band low for sell or band high for buy to identify the trend. up to the trader to enter or wait for pullback
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  • #3
  • Jun 13, 2020 11:27pm Jun 13, 2020 11:27pm
Subscribed. Thanks and
Regards
  • #5
  • Jun 14, 2020 4:32am Jun 14, 2020 4:32am
IS it Low Risk Syestem ?
  • #6
  • Jun 14, 2020 6:26am Jun 14, 2020 6:26am
Thanks for that simple but nice method! Is this working on the FX market,too? Because i think it was desigend for the stock market.


Greets,
Klausi
Stick to the plan!
  • #7
  • Jun 14, 2020 7:04am Jun 14, 2020 7:04am
take profit,..????,.....stop lose,..??????
  • #8
  • Jun 14, 2020 8:23am Jun 14, 2020 8:23am
What is the logic behind making the upper bound 10SMA and the lower 8?
It is logical for me to make both 8 or 10.
  • #9
  • Edited 9:52am Jun 14, 2020 8:49am | Edited 9:52am
Quoting maptoprofit
What is the logic behind making the upper bound 10SMA and the lower 8? It is logical for me to make both 8 or 10.
Price take the stair to go up and the elevator to go down.
So the 8 sma is faster to signal a sell.
Place sell stop order at 2 pips below the lower low of the 2 consecutive bars that did not touched the 8 SMA low.
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  • #10
  • Jun 14, 2020 12:50pm Jun 14, 2020 12:50pm
Quoting Toto69
This trading idea is based in Jake Bernstein system, but you can add any indicator to filter some signal or trade without filter. Daily chart 8 SMA LOW 10 SMA HIGH. Reason to go long:
A=2 bars's low above channel's high without touching the 10 SMA high.
B=Place sell stop order at 2 pips above the higher high of the 2 consecutive bars that did not touched the 10 SMA lhigh .
Toto69,

Did you mean "B=Place buy stop order at 2 pips above the higher high of the 2 consecutive bars that did not touched the 10 SMA lhigh ."
Swing trader for over 10 years
  • #11
  • Edited 8:22pm Jun 14, 2020 12:59pm | Edited 8:22pm
Quoting Empiric1
{quote} Toto69, Did you mean "B=Place buy stop order at 2 pips above the higher high of the 2 consecutive bars that did not touched the 10 SMA lhigh ."
For a buy set up:If you count the 2 bars that did not touch the 10 SMA high,you find wich of those 2 bars printed a higher high.
Or buy call options with 3 months to expire
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  • #12
  • Jun 15, 2020 4:11am Jun 15, 2020 4:11am
im short USDJPY From daily chart
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  • #13
  • Jun 16, 2020 7:15am Jun 16, 2020 7:15am
Quoting Toto69
{quote} Price take the stair to go up and the elevator to go down. So the 8 sma is faster to signal a sell. Place sell stop order at 2 pips below the lower low of the 2 consecutive bars that did not touched the 8 SMA low. {image}
This principle of "Stairs/Elevator"; do you see that it is applicable for all pairs?
  • #14
  • Jun 16, 2020 8:28am Jun 16, 2020 8:28am
Quoting Toto69
im short USDJPY From daily chart {image}
++++++++++++++++++

Why? There has been no break of 2nd bar below 8 Low. Educate me please.
  • #16
  • Edited Jun 18, 2020 4:55am Jun 17, 2020 6:18am | Edited Jun 18, 2020 4:55am
Quoting diamonddbw
{quote} ++++++++++++++++++ Why? There has been no break of 2nd bar below 8 Low. Educate me please.
I used to wait for the low of bar #2 to be broken to the downside to enter ,but Now I trade more aggressive.
I enter short the next opening bar after I found 2 high below the 8 SMA LOW.

You need to make your own rules,and you can add any other indi for confirmation you decide if you wait for a pullback or if you go long the next bar after 2 high are above the 10 SMA.
I hope that help.
This is one of the ways that I used it:I go long the next bar after 2 high are above the 10 SMA HIGH
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  • #17
  • Jun 18, 2020 12:03am Jun 18, 2020 12:03am
Quoting Toto69
{quote} You need to make your own rules,and you can add any other indi for confirmation you decide if you wait for a pullback or if you go long the next bar after 2 high are above the 10 SMA. I hope that help. This is one of the ways that I used it:I go long the next bar after 2 high are above the 10 SMA HIGH {image}

dear in my observation this method not properly work in lower time F. even 1 h ? what do you think ?
  • #18
  • Edited 4:54am Jun 18, 2020 3:58am | Edited 4:54am
Quoting sam1967
{quote} dear in my observation this method not properly work in lower time F. even 1 h ? what do you think ?
What rules are you using to enter exit and take profits?are you using any other indicator for confirmation?That is the only way for me to know if it work for you?I just gave you an example of one of the ways that i use this indicator but you have to find your own style.
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  • #19
  • Jun 18, 2020 4:55am Jun 18, 2020 4:55am
Quoting Toto69
{quote} What rules are you using to enter exit and take profits?are you using any other indicator for confirmation?That is the only way for me to know if it work for you?I just gave you an example of one of the ways that i use this indicator but you have to find your own style. {image}
i never using any indicators. all are manual using sma 8//10 for trend filter
  • #20
  • Edited 7:53am Jun 19, 2020 7:30am | Edited 7:53am
BBY
I have sell alert
it will be better to buy the single put or to buy a put spread?
let's see
I have about 6 months for my option to expire
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