Monthly Profit - Daily Trading using SMA | Page 54 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #1,061
  • Sep 2, 2016 1:56am Sep 2, 2016 1:56am
Quoting kingdavid15
Hello Fx Flux Pls do you have a template that uses SMA 5,0 as against 5,3?
You open the template, modify the MA settings and then save it.
So many in the Commercial section want to make me rich! :o
  • #1,062
  • Sep 2, 2016 3:43am Sep 2, 2016 3:43am
Quoting yonnie
just closed my U/J trade ahead of the big news for 317 pips profit. a fine example of following Bk8`s advice to let the profits run amok if you`re afraid of losses and place the stop too close, you will NOT succeed in the longer term. just put on a smaller position, so you can sleep at night. after all this is just a learning period at the moment - not to make heaps of money. just my opinion and good luck to all.
  • #1,063
  • Sep 2, 2016 4:02am Sep 2, 2016 4:02am
Hi BK8,
Thanks for this wonderful thread.
Just want to know if you place your Entry pending order at the CLOSE or HIGH/LOW of daily candle that closed above/below SMA5. Thanks
  • #1,064
  • Sep 2, 2016 4:17am Sep 2, 2016 4:17am
Quoting ola08
Hi BK8, Thanks for this wonderful thread. Just want to know if you place your Entry pending order at the CLOSE or HIGH/LOW of daily candle that closed above/below SMA5. Thanks
Thanks for your feedback ola08, we take postions after daily candle close only.. however we may consider pending order if SR does not confirm the setup
  • #1,065
  • Sep 2, 2016 4:20am Sep 2, 2016 4:20am
Looks like EUR/CHF is setting up, just traded below yesterday's low and crossed SMA(5,0). Today is NFP day. As I understand what BK8 propounds/proposes, on Monday we might have a short trade if it closes today below the SMA today. Hope I got it right.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 63 KB
  • #1,066
  • Sep 2, 2016 4:21am Sep 2, 2016 4:21am
Quoting Bk8
{quote} Thanks for your feedback ola08, we take postions after daily candle close only.. however we may consider pending order if SR does not confirm the setup
Many thanks for the explanation BK8
  • #1,067
  • Sep 2, 2016 4:39am Sep 2, 2016 4:39am
Hi Bk8.

The dots that you have following the candles, which indicator is that?

Thanks.
  • #1,068
  • Sep 2, 2016 4:48am Sep 2, 2016 4:48am
Quoting johnvr
Hi Bk8. The dots that you have following the candles, which indicator is that? Thanks.
That was SAR, please ignore we never used that
  • #1,069
  • Sep 2, 2016 5:07am Sep 2, 2016 5:07am
Do we close positions once price hits end of Bollinger bands, or are there any parameters we consider to maximise profits....Maybe more experienced traders can help us out.
  • #1,070
  • Sep 2, 2016 5:12am Sep 2, 2016 5:12am
Quoting kingdavid15
Do we close positions once price hits end of Bollinger bands, or are there any parameters we consider to maximise profits....Maybe more experienced traders can help us out.
Myself i dont trade after BB. I have a look what price is making at S&R.
Perfection is the enemy of good enough!
  • #1,071
  • Sep 2, 2016 5:14am Sep 2, 2016 5:14am
Hi dear BK8, i just saw your thread, really very impressive, i have a question here or might you can say request as well i.e. if you are continuously using this strategy then why don't you update it on daily basis, Suppose as EUR/CHF is trading below the yesterdays low and it's also below the MA if it closes below today then 80% chances to go short on Monday EUR/CHF, so my request is to please put an update of Long or short positions for all currencies whichever you are trading and which is coming in this indicator for sell and buy so there will be a whole day to trade approximately safer up to 80% for people like me who mostly lose their money... Thanks
  • #1,072
  • Sep 2, 2016 5:15am Sep 2, 2016 5:15am
Quoting kingdavid15
Do we close positions once price hits end of Bollinger bands, or are there any parameters we consider to maximise profits....Maybe more experienced traders can help us out.
I tested BB's in the past.
Statistically price continues or reverses more or less 50%-50% after touching a BB band.
  • #1,073
  • Sep 2, 2016 5:23am Sep 2, 2016 5:23am
added GBP/JPY to my watchlist for next week. Overall picture suggesting that there could be another down swing ahead.
  • #1,074
  • Sep 2, 2016 5:23am Sep 2, 2016 5:23am
Could you please upload a snapshot of settings of this indicator, i will be very thankful to you...
Bk8
  • #1,075
  • Sep 2, 2016 5:43am Sep 2, 2016 5:43am
Quoting Ghibli
I'm in with USD/CHF and AUD/USD..there are some more opportunities but I am stick only with this two..you can check NZD/USD and EUR/USD . but like other guys said - be aware of tomorrow's news
Just closed those trades.. USD/CHF + 55 and AUD/USD + 50..Will not risk, that price will return,today everything can happen No more trades for today, waiting for next week . No trade is also a trade . Bk8 , Thank you one more time
Read 1st post , if you don't understand something , then , ask a question
  • #1,076
  • Sep 2, 2016 5:46am Sep 2, 2016 5:46am
Quoting Daaimali1512
Could you please upload a snapshot of settings of this indicator, i will be very thankful to you... Bk8
Read through the thread from page 1, you'll find everything you need to start including the settings.
  • #1,077
  • Sep 2, 2016 5:51am Sep 2, 2016 5:51am
nzdusd 40+ pips
audusd 50+ pips
eurusd still in trade but maybe it would hit BE ..
  • #1,078
  • Sep 2, 2016 5:53am Sep 2, 2016 5:53am
Thank you Bk8 for your marvellous teaching.
this method really cut a lot of noise.
it is work well with SR.
Let Market Tell You
  • #1,079
  • Sep 2, 2016 5:54am Sep 2, 2016 5:54am
im in aud/cad. after the news release I was making about 30 pips. now im losing about 10. Should I close my position?
  • #1,080
  • Sep 2, 2016 5:58am Sep 2, 2016 5:58am
Now that NFP new is out, I suspect that the AUD/CAD pair fits BK8's criteria for a long trade ...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
12 traders viewing now