Monthly Profit - Daily Trading using SMA

Quoting nozzer

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@ Bk8,whats the best way of taking profit? taking the 3 candles profit, orto tough it out and wait for the candle to hit the outer band? Best Regards Nozzer

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Quoting Oddbjorg

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{quote} Hello Could it be it is better to wait till sma line is pointing downwards and a red candle then crosses the line?

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Quoting arham97

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{quote} that what I'm gonna do it next time. Got stopped out at 99 pips 😥😥

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Quoting Bk8

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{quote} D1 trading has made me very lazy so I like to stay until setups kick me out howver I do close manually when I have to compenesate loss from other setups. Yoy may start with 3 candles profit or BB line but later you would reliaze that if even one setup trend goes on in our favor for 1-2 months then we complesate all losers setups(all pairs) for whole year! So its better to have patience and run profit as much as you can... See once setup turns green so nothing to lose so better to keep sifting SL as per S&R.

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Quoting bubincka

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Hi arham97 & marinecorps, I could be wrong, but considering an entry short on GBPCAD @ 1.7194 that is today open for the pair and being SL the high of previous candle plus 15 pips @ 1.7438 level, how can you have been stopped out ? Maybe Bk8 can shed some light on this. Best regards, Bubincka

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Quoting mjavedh

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Hear is new update after big news ................... {image} {image}

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Quoting keep4x

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{image} My opened trades and one pending order with GC

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Quoting saranga

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thank for u bk8 gold fire on {image}

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Quoting marinecorps

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{quote} i entered on yesterday's candle that broke the 5 SMA shift 0. Actually I let it retrace some and shorted at 1.7205 with SL at 1.7305. Price touched 1.7296 on my broker at the news event and they increased the spread from 4 to 9 pips which stopped me out. Price is back to 1.7325 now. Also, my broker uses 5pm est close e candles.

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Quoting Bk8

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{quote} Finally moving in desired direction but it may change again so its right time to get out on break even if anybody does not want to take risk .. (new traders) To be hoest with you... I enjoy some loss as well since I learn a lot from losing setups {image}

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Quoting Bk8

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I have to struggle some time to use FF on my iphone, I wish they can develop app soon Anyway..now we have +50 pips.. please share your action for this setup if you exit with negative pips or break even due to fear {quote} {image}

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Quoting learn2fly

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{image} Still running Thanks bk8 for this method

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Quoting marinecorps

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{quote} Still in for now and potential target area is 113.50 range, but of course will follow your rules and watch the BB areas as well. {image}

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