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Monthly Profit - Daily Trading using SMA

  • #11,661
  • Sep 8, 2020 4:55am Sep 8, 2020 4:55am
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  • #11,662
  • Edited 7:24am Sep 8, 2020 6:37am | Edited 7:24am
Hello
These are interresting pairs.
It is a good thing to recognize sup & res areas - f. ex. with GU -
All the best.
Oddbjørg
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All the best to all of you. But don't follow me. I am a learner.
  • #11,663
  • Sep 8, 2020 10:19am Sep 8, 2020 10:19am
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these are my trades for today using the strategy. I have to say that all of them are green. The ones in the red are entirely my error.
  • #11,664
  • Sep 8, 2020 10:59am Sep 8, 2020 10:59am
go for a long for example, only from the lower bollinger or can then also be above the bollinger ,
  • #11,665
  • Sep 8, 2020 5:14pm Sep 8, 2020 5:14pm
Quoting ingo3344
go for a long for example, only from the lower bollinger or can then also be above the bollinger ,
Hello
EurGbp today was ok to take around mid bb.
All the best to all of you. But don't follow me. I am a learner.
  • #11,666
  • Sep 9, 2020 2:59am Sep 9, 2020 2:59am
Took AUDUSD (SELL), EURAUD (BUY), EURCAD (BUY), and USDJPY (SELL).

Anyone here experienced in this system verify if I am seeing the right thing? lol
Trade Different
Multi 3000 All Time Pips: 23,606
  • #11,667
  • Sep 9, 2020 5:02am Sep 9, 2020 5:02am
Quoting TidalSurf
Took AUDUSD (SELL), EURAUD (BUY), EURCAD (BUY), and USDJPY (SELL). Anyone here experienced in this system verify if I am seeing the right thing? lol
Hello
I think some of these would be best to wait for getting a new start. It is to choppy when there is red green red green almost same size and place.
It is best to not have to many wicks.
For some pairs it is good if candle has really got a hold on mid bb - which for some pairs is a kind of sup/res.
Try to look at that and return if you please - and we can communicate on this.
But I take no positions to day, as I am still in some of yesterday's trades.
All the best.
Take care.
Oddbjørg.
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All the best to all of you. But don't follow me. I am a learner.
  • #11,668
  • Sep 9, 2020 6:21am Sep 9, 2020 6:21am
Hammer
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  • #11,669
  • Sep 9, 2020 12:31pm Sep 9, 2020 12:31pm
Quoting ingo3344
go for a long for example, only from the lower bollinger or can then also be above the bollinger ,
Thanks I shall try this as well.
  • #11,670
  • Sep 9, 2020 12:50pm Sep 9, 2020 12:50pm
@Oddbjorg
Hello firstly I would like to say thank you for you contributions in this thread. I'm new to this system and have been reading through this thread, I've seen that you have started trading this system back in 2016 so I'm assuming that you have traded it since then. I have a few questions about the average Risk to Reward (RRR) of this system with your four years of experience as well as position management, with what I've gathered is that we should open two positions spliting the risk on a single trade and close the first position at 1:1 RRR then move the stop loss on the second position to break even and trail the stop loss do you manage your positions the same way or what's your approach to position management. Also I'm adding one trade that I've found today just to double check the entry if this is a valid trade

Thanks
with regards
Geeze
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  • #11,671
  • Sep 9, 2020 5:52pm Sep 9, 2020 5:52pm
Quoting Geeze
@Oddbjorg Hello firstly I would like to say thank you for you contributions in this thread. I'm new to this system and have been reading through this thread, I've seen that you have started trading this system back in 2016 so I'm assuming that you have traded it since then. I have a few questions about the average Risk to Reward (RRR) of this system with your four years of experience as well as position management, with what I've gathered is that we should open two positions spliting the risk on a single trade and close the first position at 1:1...
Hello and welcome amongst us.
1 Not so easy to explain as I do it in my light version. Entry after 2 Bk8 ish cndls. Exit when dated. Not perfect yet but it works for me.
2 There may be to many wicks on that pair. We will see.
All the best.
Oddbjorg
All the best to all of you. But don't follow me. I am a learner.
  • #11,672
  • Sep 13, 2020 9:46am Sep 13, 2020 9:46am
Hi, Guys!

What do you think about this setup EUR/JPY?
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Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #11,673
  • Sep 13, 2020 1:22pm Sep 13, 2020 1:22pm
Quoting Kodzhamanov
Hi, Guys! What do you think about this setup EUR/JPY? {image}
SMA is pointing down. While I suppose you want to go Long. Refer to post #1. Also, current price is near previous high.
  • #11,674
  • Sep 13, 2020 2:22pm Sep 13, 2020 2:22pm
good evening, would you enter the following exchange or does it turn out to be too late?
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  • #11,675
  • Sep 13, 2020 6:59pm Sep 13, 2020 6:59pm
Quoting Kodzhamanov
Hi, Guys! What do you think about this setup EUR/JPY? {image}
Be extra a ware when there are wicks and as Bataviatrade says.. the point on sma
All the best
All the best to all of you. But don't follow me. I am a learner.
  • #11,676
  • Sep 13, 2020 7:05pm Sep 13, 2020 7:05pm
Quoting andry89
good evening, would you enter the following exchange or does it turn out to be too late? {image}
Looks interresting, but I am not sure in this one. Be ware of wicks.
Many have commented through the time of this thread, that it is maybe best not to take positions Mondays with this system.
Take care.
All the best to all of you. But don't follow me. I am a learner.
  • #11,677
  • Sep 14, 2020 5:42am Sep 14, 2020 5:42am
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  • #11,678
  • Sep 15, 2020 12:56am Sep 15, 2020 12:56am
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  • #11,679
  • Edited 4:37am Sep 15, 2020 4:27am | Edited 4:37am
Quoting Geeze
@Oddbjorg Hello firstly I would like to say thank you for you contributions in this thread. I'm new to this system and have been reading through this thread, I've seen that you have started trading this system back in 2016 so I'm assuming that you have traded it since then. I have a few questions about the average Risk to Reward (RRR) of this system with your four years of experience as well as position management, with what I've gathered is that we should open two positions spliting the risk on a single trade and close the first position at 1:1...
Hi Geeze, just one quick remark: it seems you’re using SMA5,3 but BK8 changed it to SMA5,0 quite early after launching the system. Please have a look on page 34 posts 677, 678 and 679.
All the best.
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I used to be indecisive but now I'm not so sure...
  • #11,680
  • Sep 15, 2020 7:37am Sep 15, 2020 7:37am
resisted, but when it is broken
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