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Monthly Profit - Daily Trading using SMA

  • #12,101
  • Nov 3, 2021 3:10am Nov 3, 2021 3:10am
Quoting Filipo1
EURNZD sell / short compounding signal with great continuation potential. This pair looks great on daily, weekly, monthly. {image} {image} {image}
The pair is checking our nerves… Stop-loss /hedging level was triggered according to this strategy and yesterday’s candlestick makes SMA5 pointing up. Still yesterday’s move remained below RSI 50 and I keep my bearish bias unless today’s close confirms the reversal.
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I used to be indecisive but now I'm not so sure...
  • #12,102
  • Nov 3, 2021 3:14am Nov 3, 2021 3:14am
Quoting Oddbjorg
Hello NY and AY are interresting pairs. EU is really letting us left waiting. All the best. Oddbjørg {image} {image} {image}
Hi Oddbjorg, all ranging for me, possibly until FOMC statement later today.
All the best.
I used to be indecisive but now I'm not so sure...
  • #12,103
  • Edited 8:57am Nov 3, 2021 4:24am | Edited 8:57am
Quoting Filipo1
{quote} Hi Oddbjorg, all ranging for me, possibly until FOMC statement later today. All the best.
Agree -
On the AY and NY - charts I wrote "GO" at where I beleive the price has to come to for taking a position.
Thanks - and all the best.

Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #12,104
  • Nov 3, 2021 12:48pm Nov 3, 2021 12:48pm
Hello

nice moves:

https://www.tradingview.com/x/XWBgGCNo/
https://www.tradingview.com/x/ei59oWyf/
https://www.tradingview.com/x/3EPFbbvf/
https://www.tradingview.com/x/bHhoxgY3/
  • #12,105
  • Nov 10, 2021 4:22am Nov 10, 2021 4:22am
Quoting Filipo1
{quote} The pair is checking our nerves… Stop-loss /hedging level was triggered according to this strategy and yesterday’s candlestick makes SMA5 pointing up. Still yesterday’s move remained below RSI 50 and I keep my bearish bias unless today’s close confirms the reversal. {image}
Stationary situation as the pair is till now unable to break and close over the long term support/resistance line.
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I used to be indecisive but now I'm not so sure...
  • #12,106
  • Nov 10, 2021 9:18am Nov 10, 2021 9:18am
Interesting Moves...
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  • #12,107
  • Nov 11, 2021 3:09am Nov 11, 2021 3:09am
Quoting Filipo1
“The trend is my friend”. Do you agree? {image}
Post #12063.
Did you hold it?
Celebration time if you did .
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I used to be indecisive but now I'm not so sure...
  • #12,108
  • Nov 13, 2021 4:50am Nov 13, 2021 4:50am
Hello,

nice moves:
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  • #12,109
  • Nov 14, 2021 11:47pm Nov 14, 2021 11:47pm
Hi all,

I am interested in using this system but realize that this thread was created in 2016.

Was wondering how did it perform since then? Is it still a viable system?
  • #12,110
  • Nov 15, 2021 4:20am Nov 15, 2021 4:20am
Quoting maxwell87
Hello, nice moves: {image} {image} {image} {image}

dear maxwell..thanks a lot for your message with moving currencies. because that is very helpful to us get knowledge about the method..so but i have a small problem to resolve with you .as per the main rules we have to consider the sma line direction is to get the trade. but my observation aud/cad ,eur/aud until last candle its direct to the opposite direction (aud /cad down side// eur/aud up side). extremely sorry its my seen, because i am newly for this method. so can you explain how can you justify properly the next candle way. please reply when you have a free time .kind regards
  • #12,111
  • Nov 15, 2021 5:25am Nov 15, 2021 5:25am
@sam1967

that is absolutely correct! we want sma to show direction of candle. when you have moves like these, sma will turn to candle direction 1-2 days after.

entry criteria for me is, price moved along BB and CLEARLY CROSSED sma 5. this can be little edge you need and then proper risk reward...

@fated82:

system works with a few tweeks, proper sl, tp (up to you) and experience. it took me a long time to practice...
  • #12,112
  • Nov 15, 2021 9:17am Nov 15, 2021 9:17am
Quoting fated82
Hi all, I am interested in using this system but realize that this thread was created in 2016. Was wondering how did it perform since then? Is it still a viable system?
Hello.
Yes, the system works if you take care, and are willing to wait till things are BK8'ish - that is - after the strategi BK8 describes in post 1.
Look at BK8 and and Ghibli's charts and you are well on the going.
All the best.
Oddbjørg.
All the best to all of you. But don't follow me. I am a learner.
  • #12,113
  • Nov 15, 2021 10:40am Nov 15, 2021 10:40am
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  • #12,114
  • Nov 15, 2021 11:29am Nov 15, 2021 11:29am
Quoting maxwell87
@sam1967 that is absolutely correct! we want sma to show direction of candle. when you have moves like these, sma will turn to candle direction 1-2 days after. entry criteria for me is, price moved along BB and CLEARLY CROSSED sma 5. this can be little edge you need and then proper risk reward... @fated82: system works with a few tweeks, proper sl, tp (up to you) and experience. it took me a long time to practice...

thanks dear for your cooperation
  • #12,115
  • Nov 15, 2021 7:54pm Nov 15, 2021 7:54pm
Quoting sam1967
{quote} thanks dear for your cooperation
Bro! can you list the currency pairs are trading using this strategy? Sorry my english not good.
  • #12,116
  • Nov 16, 2021 5:28am Nov 16, 2021 5:28am
Quoting nguyenoni
{quote} Bro! can you list the currency pairs are trading using this strategy? Sorry my english not good.

dear i am also newly for this method
  • #12,117
  • Nov 16, 2021 5:44am Nov 16, 2021 5:44am
Quoting maxwell87
{image} {image}

dear maxwell , i have a another question clarify with you. according to the bk8 trading rules we are unable to enter a new trade when the candle touches/cross BB top/bottom line. but most of the time i have observe when the candle touches top bottom line but sma line cross the candle its further going to the same direction. so dear how can you manage with this situation, reply with you free time .regards
  • #12,118
  • Nov 16, 2021 12:23pm Nov 16, 2021 12:23pm
Quoting sam1967
{quote} dear maxwell , i have a another question clarify with you. according to the bk8 trading rules we are unable to enter a new trade when the candle touches/cross BB top/bottom line. but most of the time i have observe when the candle touches top bottom line but sma line cross the candle its further going to the same direction. so dear how can you manage with this situation, reply with you free time .regards
sorry,

i dont understand the question...
  • #12,119
  • Nov 16, 2021 1:31pm Nov 16, 2021 1:31pm
Quoting maxwell87
{quote} sorry, i dont understand the question...
in this bk8 rules when candle touches/cross BB top/bottom line ,we have to exit the trade. according to that rule can we enter the new trade during the candle cross top bottom line .
  • #12,120
  • Nov 17, 2021 1:01am Nov 17, 2021 1:01am
Quoting sam1967
{quote} in this bk8 rules when candle touches/cross BB top/bottom line ,we have to exit the trade. according to that rule can we enter the new trade during the candle cross top bottom line .
yes. Correct.
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