Monthly Profit - Daily Trading using SMA

Quoting notreally

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Looks like a lot of nice trades here lately. This GBPCAD did not do well. Was I wrong to take this? {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 keep4x

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{quote} There u go Bk8 {image}

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Quoting Alamhakim

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{quote} There is 7 pips spread for this pair with my broker, IMO you need to add on top of the 15 pips space.

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Quoting Alamhakim

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Hi BK8, Is this correct understanding of trailing the stop loss after entry? {image}

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Quoting notreally

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Looks like a lot of nice trades here lately. This GBPCAD did not do well. Was I wrong to take this? {image}

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Quoting Bk8

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{quote} Setup was good.. but as Alam mentioned..please add 15 pips on top of previous high. Also, just to remind again, this system does not claim 100%..if you follow all rules only then system may return 80% and so.. you could have saved 50 pips by now

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Quoting BuffaloPat

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Bk8, This worked like a charm on my EURNOK trade. I have two questions/suggestions. I'm definitely not trying to fix anything that isn't broken. Have you considered using limit orders for your entries? For instance, the GBPCAD trade is a prime example. First, I need there to be a recent touch of one of the BB lines, then a reversal across the 5 SMA. Second, with the entry, why not place a limit order just above/below the 5 SMA line and wait for an intraday pullback. It seems that this would weed out some of the false entries and give you a better...

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Quoting Bk8

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{quote} @BuffaloPat, Valid point but main purpose of this thread was to try very very simple strategy for the stress free forex trading based on my past experience. Although I have created a separate thread for intraday trading(In progress) however I still recommend day trading only. I believe sooner or later every one has to ditch intraday and adopt daily trading for the consistent profit without any stress also it will take hardly 15 minutes per day.

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Quoting BuffaloPat

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{quote} Thanks for the response BK8. You can still adopt a set and forget type of trade by placing a limit order. The only thing is that if you have multiple pending orders, you would probably want to receive some sort of alert when one is filled, so you can cancel the others.

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Quoting mjavedh

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Hear is my running trade , red marking area trade is for today signal , which till now valid ....................... best of luck to all. {image}

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