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Monthly Profit - Daily Trading using SMA

  • #1,161
  • Sep 5, 2016 2:21am Sep 5, 2016 2:21am
Quoting Dennis1468
{quote} i BEEN TRADING PIVOTS AND ROLLING PIVOTS FOR 10 YEARS OUT OF MY 16 YEARS IN TRADING YOU WILL MAKE IT THEY WORK THEY WORK
Hi
Share your strategy with others .if u like
  • #1,162
  • Sep 5, 2016 4:49am Sep 5, 2016 4:49am
I have tried Trading Made Simple, and ended up losing 80% of the trade. This one is totally something else, 80% ended up in winning.
This is by far, the best strategy for D1 chart for me.

I enter with news too, but always with stoploss. If the news goes in your trading direction, then you're in for easy pips. If not then your stoploss will limit your losses. I limit my loss on D1 trading to around 1-2% of account balance.

Tip: look at D1 for crosses, and confirm that entry with W1.

Thank you Bk8 for the strategy that required basically max 3min to look per symbol.
  • #1,163
  • Sep 5, 2016 6:00am Sep 5, 2016 6:00am
Quoting Bk8
{quote} Wow I missed these To be honest with you.. we should ignore these setups even if these work in favor of you in some cases {image} {image}
Hi BK8,
May I know why these setups should be ignored?
  • #1,164
  • Sep 5, 2016 6:28am Sep 5, 2016 6:28am
Thanks very much natthapol for your feedback!

Quoting natthapol.v
I have tried Trading Made Simple, and ended up losing 80% of the trade. This one is totally something else, 80% ended up in winning. This is by far, the best strategy for D1 chart for me. I enter with news too, but always with stoploss. If the news goes in your trading direction, then you're in for easy pips. If not then your stoploss will limit your losses. I limit my loss on D1 trading to around 1-2% of account balance. Tip: look at D1 for crosses, and confirm that entry with W1. Thank you Bk8 for the strategy that required basically max 3min...
  • #1,165
  • Sep 5, 2016 6:36am Sep 5, 2016 6:36am
Good Morning
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  • #1,166
  • Sep 5, 2016 6:39am Sep 5, 2016 6:39am
Quoting blueskykt14
Hi BK8 Thanks he he {image}
  • #1,167
  • Sep 5, 2016 6:45am Sep 5, 2016 6:45am
Hi bk8,

Did you also take long EU last Friday?
If not, why not?
Persistence will get it. Consistency will keep it.
  • #1,168
  • Sep 5, 2016 6:53am Sep 5, 2016 6:53am
Quoting Chake
Hi bk8, Did you also take long EU last Friday? If not, why not?
Remember, we discussed that .. NFP can start a new pattern so lets ignore US pairs?
  • #1,169
  • Sep 5, 2016 7:29am Sep 5, 2016 7:29am
Quoting Bk8
{quote} Remember, we discussed that .. NFP can start a new pattern so lets ignore US pairs?
Yeah that's right, i didn't take notice, my bad.
Persistence will get it. Consistency will keep it.
  • #1,170
  • Sep 5, 2016 7:49am Sep 5, 2016 7:49am
I'm in with C/CH and Gold Long , N/C and U/C short ..
Read 1st post , if you don't understand something , then , ask a question
  • #1,171
  • Sep 5, 2016 7:53am Sep 5, 2016 7:53am
I have EC and AU right now....
  • #1,172
  • Sep 5, 2016 7:53am Sep 5, 2016 7:53am
Quoting Chake
{quote} Yeah that's right, i didn't take notice, my bad.
np... lets try to play safe as much as we can.
We need to understand that even if we are able to survive in forex maket is itself a achivement
  • #1,173
  • Sep 5, 2016 7:57am Sep 5, 2016 7:57am
Be careful entering any AUD pairs at close today. There is potential trade on A/N but AUD rate decision news comes out tonight. U/J looks to have some short potential. Got another 11 hours before end of day with my broker.
  • #1,174
  • Sep 5, 2016 8:20am Sep 5, 2016 8:20am
So far ,so good.. ( Live account in Pounds )
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Read 1st post , if you don't understand something , then , ask a question
  • #1,175
  • Sep 5, 2016 8:32am Sep 5, 2016 8:32am
Just to post in terms of pips

Trying to resist meddling with the trade and let the next daily candle form out

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  • #1,176
  • Sep 5, 2016 8:40am Sep 5, 2016 8:40am
Bk8 thats my opened positions

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Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,177
  • Sep 5, 2016 8:55am Sep 5, 2016 8:55am
Quoting keep4x
Bk8 thats my opened positions {image}
Keep4x,

you do have +ve pips.
would you mind to share so guidance?
thank you in advance
Let Market Tell You
  • #1,178
  • Sep 5, 2016 9:06am Sep 5, 2016 9:06am
Quoting keep4x
Bk8 thats my opened positions {image}
Thanks for sharing keep4fx
  • #1,179
  • Sep 5, 2016 9:07am Sep 5, 2016 9:07am
Quoting shakyspoon
Just to post in terms of pips Trying to resist meddling with the trade and let the next daily candle form out {image}
  • #1,180
  • Sep 5, 2016 9:12am Sep 5, 2016 9:12am
Quoting Javforex
{quote} Hi BK8, May I know why these setups should be ignored?
As @yonnie mentioned that previous candle had long wick that makes setup unstable.

Also, we should take position when first candle opens right after candle setup on Day 1 since first candle has better probability i.e. 80% chances that put you in steam train (@Dean's beautiful explanation so that if next candle goes against you, nothing to lose and we will end up with breakeven.
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