Monthly Profit - Daily Trading using SMA

Quoting Bk8

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{quote} Yes Shaan!

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Quoting Bk8

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{quote} Sorry to disappoint you, it does not looke like clean setup up for me..try to ingore sideways..pattern should clearly indicate that new curve can be formed... e.g. see below {image}

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Quoting alfa99

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{quote} Bk8, Could you please further explain: shaan295 asked you "did you check this one ? is it perfect setup ?" and you answered "Sorry to disappoint you, it does not look like clean setup up for me.try to ingore sideways.pattern should clearly indicate that new curve can be formed" but as soon as the bull candle crosses sma towards up I would assume that I have a good setup for taking a buy position according the rules because I don't know yet that a sideways pattern will be formed after that?{image}

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Quoting Finsia

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This system looks good when you get into a trend, but I had a look at some ranging periods (which you wouldn't know were ranging until after the event) and you would lose a decent amount. For example EURUSD in July. The only way then is that you put the trade to break even on the next candle but then you would miss out on when times were good in a lot of places. {image}

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Quoting RisingSun

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{quote} was thinking about gann, so interesting to know of your comparison. most concern is thd DD of this method. it won't be always like Bk8's example. will be following with forward demoing and will upload results as they occur ... RisingSun

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Quoting RisingSun

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Good morning. Have made a conservative entry following a signal of xpMA indicator posted earlier here. I like a fixed TP and for this method it is 50 pips or $500 per 1.0 lot as taken. For EurChf, TP might have to be reduced to half or so. Let's see how it goes. RisingSun {image}

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Quoting Bk8

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{quote} If you do not mind, I would suggest you to create a seprate thread for your system.... If we talk about multiple systems on this thread that may confuse traders who just want to try SMA based system.

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Quoting Bk8

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{quote} Thats correct, We need to use this system when there is trend and ignore sideways

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Quoting RisingSun

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{quote} Hi Bk8, xpMA entry is almost identical, only that it does not have the shift paramater. So it is still your system. But I have deleted that post. I still love your method. RisingSun

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Quoting Haryanto

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Hi Bk, Let me share for Finsia to learn together in forex "wild forest (read un-predicted market)".....I love sideways that using BB and MA, S/R... pls plot your MT with setting as my posting at post. 111, p.6...as my "guru" sideways market (80% market) can be more predicted than trending market. pls explore.... Hope it can help. Bk pls explore it and hope it can be sharpening your method.

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Quoting Bk8

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{quote} Thanks Haryanto.. but to be honest you.. I think you can easily guess sideways once second candle reverses.. I like to stay away from sideways

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Quoting cjtylor

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{quote} hi, Bk8, thanks for the new trading method. how is the progress on the EA :-)

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Quoting Bk8

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I love moring surprises {image} {image}

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Quoting goldieboy

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{quote} hi bk8, how bout USD CAD ? does it show a clean set up ?

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