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Jake Bernstein 10 SMA high 8 SMA low trading system

  • #21
  • Jun 19, 2020 8:59am Jun 19, 2020 8:59am
time to close all my call and reverse im long puts spy
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  • #22
  • Jun 19, 2020 11:23am Jun 19, 2020 11:23am
Quoting Toto69
time to close all my call and reverse im long puts spy {image} {image}
Great move to the downside.My put is in the money with 100% + gain
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  • #23
  • Jun 19, 2020 11:44am Jun 19, 2020 11:44am
Quoting sam1967
{quote} i never using any indicators. all are manual using sma 8//10 for trend filter
maybe you are changing too many trading ideas or do you think that all your trades will make money.
This 5 m chart sell alert worked this time .
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  • #25
  • Jun 19, 2020 1:37pm Jun 19, 2020 1:37pm
Quoting Toto69
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 {image} {image} {image} {image} {image}
BBY follow up
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  • #26
  • Jun 20, 2020 12:07pm Jun 20, 2020 12:07pm
the system is easy and profitable , but need some thing more to confirm the entry point as major trend or any other way ..............
  • #27
  • Jun 22, 2020 1:36pm Jun 22, 2020 1:36pm
usd/mexican peso about to get strong but the spread is too high
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  • #28
  • Jun 22, 2020 1:43pm Jun 22, 2020 1:43pm
Quoting Toto69
usd/mexican peso about to get strong but the spread is too high {image}
No doubt, my broker has the spread almost right at the range it is playing in.
I can't get in a trade :-/
  • #29
  • Jun 25, 2020 4:47pm Jun 25, 2020 4:47pm
im short 1
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  • #30
  • Jun 25, 2020 5:42pm Jun 25, 2020 5:42pm
Whats your take profit area tojo? thank you in advance
  • #31
  • Jun 26, 2020 2:05am Jun 26, 2020 2:05am
The rules are as follows

Buy 2 full bars above the 10 SMA of the high and Williams Accumulation/Distribution above it's 57period SMA

Short 2 full bars below the 8 SMA and Williams Accumulation/Distribution below 57period SMA

TP and SL are 2X the difference between the 10 & 8 SMA

Those are the basics of the system, originally developed on daily charts for the stock market.

There is an option to close part of the position at the TP move SP to BE and trail a stop by measuring the distance between the Open price and the High of the bar the TP occured by 75%.

This is a trend following system and if attempting to scalp or use shorter time frames lower then an hour I would suggest using the Williams A/D on a higher time frame and trade in that direction.
  • #32
  • Edited 3:07pm Jun 26, 2020 2:48am | Edited 3:07pm
Quoting nozzer
Whats your take profit area tojo? thank you in advance
I use 2% Risk of my capital .Exit if im wrong y 2% of my money. no take profits let the trend go as far as possible when im right
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  • #33
  • Edited 6:07am Jun 26, 2020 4:05am | Edited 6:07am
Quoting OnTheEdge
The rules are as follows Buy 2 full bars above the 10 SMA of the high and Williams Accumulation/Distribution above it's 57period SMA Short 2 full bars below the 8 SMA and Williams Accumulation/Distribution below 57period SMA TP and SL are 2X the difference between the 10 & 8 SMA Those are the basics of the system, originally developed on daily charts for the stock market. There is an option to close part of the position at the TP move SP to BE and trail a stop by measuring the distance between the Open price and the High of the bar the TP occured...
Great rules ,but try to see how you can make it better if posible, change the filters to enter.
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  • #34
  • Edited 3:07pm Jun 26, 2020 7:14am | Edited 3:07pm
safer wait wait for price action to retrace back to retest the MA to avoid some of the whipsaw
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  • #35
  • Jun 26, 2020 9:44am Jun 26, 2020 9:44am
Quoting Toto69
{quote} Great rules ,but try to see how you can make it better if posible, change the filters to enter.
I posted those for those that don't know the system. Those are the rules Jake Bernstein gives in one of his last trading courses for this system.
  • #36
  • Edited 12:33pm Jul 3, 2020 3:51am | Edited 12:33pm
Eurjpy is still in
sell alert
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  • #37
  • Edited 5:04am Jul 20, 2020 4:51am | Edited 5:04am
Quoting Toto69
Eurjpy is still in sell alert {image} {image}
1
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  • #38
  • Jul 20, 2020 10:38am Jul 20, 2020 10:38am
Iwant this indicater anybody using kindly send me are where get details also send me
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  • #39
  • Jul 20, 2020 5:03pm Jul 20, 2020 5:03pm
2
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  • #40
  • Aug 9, 2020 11:18pm Aug 9, 2020 11:18pm
Looks good,

Thank You
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