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Monthly Profit - Daily Trading using SMA

  • #1,361
  • Sep 7, 2016 2:46am Sep 7, 2016 2:46am
Quoting keep4x
{quote} @Karmeni-Trade bro if u r not happy or u dont like this system thn why dont u unsubscribe this thread, stay away and stay happy
Na mate, just because I'm pointing out the importance of correlations in a portfolio doesn't mean I don't like the thread. Different opinions can be usefull.
  • #1,362
  • Sep 7, 2016 3:18am Sep 7, 2016 3:18am
By far, the hottest thread on FF....
+600 pips at the moment

BK8...Cult hero.
Thnx for ur benevolence...
  • #1,363
  • Sep 7, 2016 3:22am Sep 7, 2016 3:22am
I appreciate
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  • #1,364
  • Edited 4:11am Sep 7, 2016 3:51am | Edited 4:11am
900 pips
  • #1,365
  • Sep 7, 2016 4:08am Sep 7, 2016 4:08am
http://www.forexfactory.com/webkit-f...9D016/imagepng
  • #1,366
  • Edited 4:32am Sep 7, 2016 4:20am | Edited 4:32am
Quoting Karemi-Trade
{quote} portfolio not well balanced imho. correlations can be nasty if things don't go your way.
the portfolio cannot be balanced, because we take the signals as they come.

however we have to be careful with position sizing.
say you normally take a 0.1 lot position.
now you have 5 different yen pairs to enter: in this case position size should be 0.02 lot per pair.
  • #1,367
  • Sep 7, 2016 4:39am Sep 7, 2016 4:39am
Quoting yonnie
{quote} the portfolio cannot be balanced, because we take the signals as they come. however we have to be careful with position sizing. say you normally take a 0.1 lot position. now you have 5 different yen pairs to enter: in this case position size should be 0.02 lot per pair.
that's a good way to manage risk of course.

However, not many will follow your advice.
  • #1,368
  • Sep 7, 2016 4:52am Sep 7, 2016 4:52am
Quoting Karemi-Trade
{quote} portfolio not well balanced imho. correlations can be nasty if things don't go your way.
Could you advise on how to balance the portfolio? Does it mean not taking double positions on a base currency in view of risk?

In fact, with the huge amount of set ups available across the permutations of the currencies each position can be scaled down.

Not sure how such diversification may/may not improve portfolio performance though
  • #1,369
  • Sep 7, 2016 5:03am Sep 7, 2016 5:03am
Anyone placed trades for:

NZD/JPY short
GBP/CHF short

Not sure if my set up was right, so i picked those out of all the pairs i looked at. NJ is down 60 at the moment and GBP is up 50. SL for NJ is 15 pips from yesterday's high.
  • #1,370
  • Sep 7, 2016 5:04am Sep 7, 2016 5:04am
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  • #1,371
  • Sep 7, 2016 5:14am Sep 7, 2016 5:14am
well, how many losses can one take before he ends up an emotional wreck? I believe that everybody has to find the answer for himself. Sooner or later we'll all be confronted with that question.......
  • #1,372
  • Sep 7, 2016 5:34am Sep 7, 2016 5:34am
Quoting hunter101
Anyone placed trades for: NZD/JPY short GBP/CHF short Not sure if my set up was right, so i picked those out of all the pairs i looked at. NJ is down 60 at the moment and GBP is up 50. SL for NJ is 15 pips from yesterday's high.
I think that you should have waited another candle for NJ to verify that the price moved in the right direction away from 5SMA. Can certainly understand you wanting to get in early to make pips, but with this system, you have to be patient and sacrifice some pips for improved odds of winning the trade.
  • #1,373
  • Sep 7, 2016 5:37am Sep 7, 2016 5:37am
Bk8 and other friends thats my open trades.

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Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,374
  • Sep 7, 2016 6:07am Sep 7, 2016 6:07am
Quoting isaacyip007
{quote} Bk8 ignore these people.Your thread is getting hotter and bigger so a lot more ppl will come and say shit about your plan.Ask for proof and backtest etc or else just follow your own.
Thanks.. we should not wate energy.
  • #1,375
  • Sep 7, 2016 6:07am Sep 7, 2016 6:07am
Quoting yonnie
{quote} maybe I`m your good luck charm, so keep talking to me just hope the move continues - go yen go!
Sure thing,thats true yonnie
  • #1,376
  • Sep 7, 2016 6:08am Sep 7, 2016 6:08am
Quoting keep4x
{image}
Sure thing... this is awsome, thanks a lot kee4x!
  • #1,377
  • Sep 7, 2016 6:10am Sep 7, 2016 6:10am
Quoting Gilliam
Started with real account... kind of puts me in the moment to stay responsible Never argue with fools, onlookers might not know the difference ... Thanks for the awesome strategy and all other positive inputs from everyone else
Agree Thanks very much!
  • #1,378
  • Sep 7, 2016 6:11am Sep 7, 2016 6:11am
Quoting shum
not bad for the last 8 hours, 400 pips from the last signals {image}
Great, thanks for sharing! please be prepared for reversal too.. you may shift SL but thats optional
  • #1,379
  • Sep 7, 2016 6:13am Sep 7, 2016 6:13am
Ive been mooching about on FF for a couple of years now,and all I can say is a big thank you Bk8 for a brilliant simply system,you don't need to have a million and one crappy lagging indicators on your charts to win,the best system ive seen so far on FF by far ! :-]
  • #1,380
  • Sep 7, 2016 6:15am Sep 7, 2016 6:15am
Quoting demosh
BK8 Thank you so much for making forex less stresful
Thanks for your feedback demosh! I just highlighted old indicator.. and get rid of painful indicators.
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