Monthly Profit - Daily Trading using SMA | Page 33 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #641
  • Aug 26, 2016 12:54pm Aug 26, 2016 12:54pm
Quoting FX-Flux
I thought i would take every trade the script recommended: {image}
A quick glance confirms to me not to trade the alien crosses.
I stick to a few majors, and focus on reasons not to take the trade...
Persistence will get it. Consistency will keep it.
  • #642
  • Aug 26, 2016 1:09pm Aug 26, 2016 1:09pm
What are your settings parabolick SAR?
  • #643
  • Aug 26, 2016 1:28pm Aug 26, 2016 1:28pm
Daily Chart. USDJPY

Any comments?
Attached Image (click to enlarge)
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  • #644
  • Aug 26, 2016 1:43pm Aug 26, 2016 1:43pm
Quoting hammadshahir
Daily Chart. USDJPY Any comments? {image}
I have already took this . But it was a risk trade. because before this candle all 4 or 5 stack candle.
It even did not touch the lower BB before crossing the MA line.
Attached Image (click to enlarge)
Click to Enlarge Name: tmp_24901-Screenshot_2016-08-26-20-43-05-2024753967.png Size: 265 KB
  • #645
  • Aug 26, 2016 1:49pm Aug 26, 2016 1:49pm
Quoting hammadshahir
Daily Chart. USDJPY Any comments? {image}
already in, took previous D1 as a signal
closed 2/3 for +30 and +140, left 1/3 for trailing

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 76 KB
  • #646
  • Aug 26, 2016 2:51pm Aug 26, 2016 2:51pm
Quoting suirad0
{quote} already in, took previous D1 as a signal closed 2/3 for +30 and +140, left 1/3 for trailing {image}
Thanks suriad! Keep it up!!
  • #647
  • Aug 26, 2016 2:53pm Aug 26, 2016 2:53pm
Wow, 110+ Pips profit so far
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 96 KB
  • #648
  • Aug 26, 2016 2:56pm Aug 26, 2016 2:56pm
Quoting jelloooo1
{quote} I have already took this . But it was a risk trade. because before this candle all 4 or 5 stack candle. It even did not touch the lower BB before crossing the MA line. {image}
Its good to check Lower BB that will exclude so many setups so MA is good enough unless there is no sideways.. thanks for sharing.. looks awesome
  • #649
  • Aug 26, 2016 2:57pm Aug 26, 2016 2:57pm
Quoting Trucker410
What are your settings parabolick SAR?
Default one but we do not use as such
  • #650
  • Aug 26, 2016 3:05pm Aug 26, 2016 3:05pm
Screenshot of the day
Attached Image (click to enlarge)
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  • #651
  • Aug 26, 2016 3:24pm Aug 26, 2016 3:24pm
Lessons of the day, I will keep in mind going forward

Scenario 1 - If setup goes in wrong direction on Day 1 and recovers next day then better to get out on break even

Scenario 2 - If setup goes in right direction on day 1 and reverses next day ...wait untill it triggers SL
  • #652
  • Aug 26, 2016 3:27pm Aug 26, 2016 3:27pm
Bk8 after hit my SL EURUSD , USDCHF i Jumped in Again, now check out the results ...
All positions are opened...
Attached Image (click to enlarge)
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  • #653
  • Aug 26, 2016 3:36pm Aug 26, 2016 3:36pm
Quoting shaan295
Bk8 after hit my SL EURUSD , USDCHF i Jumped in Again, now check out the results ... All positions are opened... {image}
Great... God bless you!!
  • #654
  • Aug 26, 2016 4:46pm Aug 26, 2016 4:46pm
Quoting Bk8
{quote} Thats correct, I like to hold as long as it triggers stoploss itself.. since I keep shifting SL everyday. I do close some setups when I have to compensate loss from setups or any red news can wipe off my profit. e.g. my setup for EU triggered SL and I lost 40 pips so I will close one of profit making setups to compensate {image}
so you entered EU, day 1 is against your position and day 2 is against it as well and hits your SL.
how come your loss is only 40 pips when there was no day in your favour to shift your SL?
  • #655
  • Aug 26, 2016 5:14pm Aug 26, 2016 5:14pm
Quoting yonnie
{quote} so you entered EU, day 1 is against your position and day 2 is against it as well and hits your SL. how come your loss is only 40 pips when there was no day in your favour to shift your SL?
Sorry it should be 45 pips..Please see screenshot, entry - 1.1269, SL - 1.1315
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 88 KB
  • #656
  • Aug 26, 2016 5:23pm Aug 26, 2016 5:23pm
thank you Bk8 for your reply.

I entered @ 1.1265 and the high of the candle was 1.1311 and I added 15 pips = SL 1.1326
my loss 61 pips.....

had a very good day though.
  • #657
  • Aug 26, 2016 5:24pm Aug 26, 2016 5:24pm
Hey guys, I haven't yet started this system yet. Will be at the start of next week. I will be using the SMA 5 -3 shift, the TDI indicator with Stochastics oscillator. I like the TDI because it has RSI, Bollinger bands and a MA cross all in one and is clear to see. I believe if I wait for the right signal on the TDI with your cross it will show good results. Looking forward to THIS!!
Gentlemen always play by the rules, if they can't, they change them.
  • #658
  • Aug 26, 2016 5:30pm Aug 26, 2016 5:30pm
Quoting Bsmile44
Hey guys, I haven't yet started this system yet. Will be at the start of next week. I will be using the SMA 5 -3 shift, the TDI indicator with Stochastics oscillator. I like the TDI because it has RSI, Bollinger bands and a MA cross all in one and is clear to see. I believe if I wait for the right signal on the TDI with your cross it will show good results. Looking forward to THIS!!
Good luck... I tried TDI but did not work for me. Lets focus on SMA only for next 6 months.. so that others traders can follow this thread without any confusion and distractions.
  • #659
  • Aug 26, 2016 5:31pm Aug 26, 2016 5:31pm
Quoting yonnie
thank you Bk8 for your reply. I entered @ 1.1265 and the high of the candle was 1.1311 and I added 15 pips = SL 1.1326 my loss 61 pips..... had a very good day though.
Oh ok, please share your profits too
  • #660
  • Aug 26, 2016 5:57pm Aug 26, 2016 5:57pm
Quoting Bsmile44
Hey guys, I haven't yet started this system yet. Will be at the start of next week. I will be using the SMA 5 -3 shift, the TDI indicator with Stochastics oscillator. I like the TDI because it has RSI, Bollinger bands and a MA cross all in one and is clear to see. I believe if I wait for the right signal on the TDI with your cross it will show good results. Looking forward to THIS!!
This exactly what I mentioned couple pages back, as a profitable trader now after 8 hard gruelling learning years I have learnt to scrap RSI, macd and all that other garbage you mentioned. My turnaround from losing money to being proftiable was cleaning my charts right up and only applying my supply and demand zones that was it. I commended BK8 for a simple daily strategy with a clean chart, and was afraid users would start coming in and messing it up with all these lagging indicators. For example RSI is turning up, well duh, we can see that in the price already it has turned up and crossed it's ma, I don't need a bloody RSI to tell me this. By all means try it yourself but I encourage other users not to. I can see users already having success with these extremely simple clean chart method, and most important of all on the daily chart avoiding the noise and market makers sly moves.
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