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Monthly Profit - Daily Trading using SMA

  • #481
  • Aug 21, 2016 2:38pm Aug 21, 2016 2:38pm
@Bk8, possible entries for today's open candle. Thoughts? I think AU and GC would be counter trend and SH and UC breakout trades.

edit: sorry had to post them on 4 different posts because I had issues uploading all screenshots from my phone onto 1 post.
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  • #482
  • Aug 21, 2016 2:41pm Aug 21, 2016 2:41pm
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  • #483
  • Aug 21, 2016 2:42pm Aug 21, 2016 2:42pm
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  • #484
  • Aug 21, 2016 2:42pm Aug 21, 2016 2:42pm
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  • #485
  • Aug 21, 2016 4:26pm Aug 21, 2016 4:26pm
Hei Bk8,just wondering witch is the last indicators for this strategy?
  • #486
  • Aug 21, 2016 4:42pm Aug 21, 2016 4:42pm
@ marinecorps: Bk8 doesnt care about trend or counter-trend - he takes them both whenever the candle pops above the 5 sma.
feel free to trade how you want to, but to avoid confusion please dont mention trend/counter-trend to keep the thread how Bk8 intends it to be.

as for your choices: I will trade A/U and E/C.
G/C: the last candle is an inside candle and price never was above the previous candle, so I`ll pass on that one.
ofcourse could still be the trade of the century
  • #487
  • Edited 8:00pm Aug 21, 2016 5:58pm | Edited 8:00pm
Quoting Sandeens22
Hei Bk8,just wondering witch is the last indicators for this strategy?
Hi Sandeens22,

We are still experimenting SMA (5,3) however you may refer mw108's posts for the test results and custom indicator. http://www.forexfactory.com/showthre...47#post9082247
  • #488
  • Aug 21, 2016 11:10pm Aug 21, 2016 11:10pm
New setups for today

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  • #489
  • Aug 22, 2016 12:32am Aug 22, 2016 12:32am
It strongly depends on what broker you are using. The opening time of each candlestick is different. My usdjpy is different with bk8.
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  • #490
  • Aug 22, 2016 12:54am Aug 22, 2016 12:54am
Bk8 is trading the Sunday candle.
  • #491
  • Aug 22, 2016 4:26am Aug 22, 2016 4:26am
EVEN WITH SUNDAY CANDLE usdjpy has not cross above sma5. so it depend on broker just follow what you have on your charts and trade what you see .
  • #492
  • Aug 22, 2016 5:49am Aug 22, 2016 5:49am
one more
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  • #493
  • Aug 22, 2016 5:52am Aug 22, 2016 5:52am
Quoting lecoon2003
EVEN WITH SUNDAY CANDLE usdjpy has not cross above sma5. so it depend on broker just follow what you have on your charts and trade what you see .
Thats correct, yonnie has highlighted good point though wwhether sunday candle adds same value like others
  • #494
  • Aug 22, 2016 6:38am Aug 22, 2016 6:38am
GN is back
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  • #495
  • Aug 22, 2016 6:39am Aug 22, 2016 6:39am
Hi Bk8,
thank you for sharing your trading strategy.
Can you please tell me your broker server time?
Thank you
  • #496
  • Aug 22, 2016 6:39am Aug 22, 2016 6:39am
Quoting Bk8
{quote} Thats correct, yonnie has highlighted good point though wwhether sunday candle adds same value like others
You're using the metatrader 5 app, is there a way to include the sunday candle? as this will change how people interpret the chart.
So many in the Commercial section want to make me rich! :o
  • #497
  • Aug 22, 2016 7:15am Aug 22, 2016 7:15am
Here's one I took on the open yesterday. The fill sucked due to a 20 pip spread since there is no liquidity in the early Sunday opening. My daily charts are 5 bars and close/open is 5 pm est.

ignore the shaded area. That is not part of this system. It's an area that I'm watching for a target zone for price to potentially slow down or reverse. I'm still following the TP rules of this system, but am keeping an eye on this zone.
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  • #498
  • Aug 22, 2016 8:10am Aug 22, 2016 8:10am
NU is a loser... lets see how other performs
  • #499
  • Aug 22, 2016 8:19am Aug 22, 2016 8:19am
Yes. My AU is going the wrong direction too!

Quoting Bk8
NU is a loser... lets see how other performs
  • #500
  • Aug 22, 2016 8:29am Aug 22, 2016 8:29am
Quoting marinecorps
Yes. My AU is going the wrong direction too! {quote}
Best part of this startegy is that even if some setup go in wrong direction.. we say wow 😀
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