Monthly Profit - Daily Trading using SMA
@ Bk8 just to avoid confusion in post 1. avoid risk no 2 -do not take multiple positions on same pair- do you mean by that not to trade too many pairs with a common currency, like buy A/C A/CH A/N A/U to avoid risk? if so maybe it should read something like: do not take multiple positions on pairs with the same common currency or lower the position size for each pair. just a thought
Also ,we will see how SR levels will behave with this system
{quote} Hi bk8 when do we take profit with first position ? after 3 candles or BB touch
Ok, here is some stuff for you guys ,with SR levels etc , specially for "new" traders , maybe it wille help you ,to make a better choice with picking the pairs for your entries .Green pips to all
Ok, here is some stuff for you guys ,with SR levels etc , specially for "new" traders , maybe it wille help you ,to make a better choice with picking the pairs for your entries .Green pips to all
I have some issue with using 5,0 over 5,3, using 5 is producing up and down trades left right and centre and non stop, this is SMA is way too close to price action, I am still adament BK8's original 5,3 setting was just right and should not have been edited. Jusy my 2 cents. As for TP and trying to find a system for that, well there is no right answer, we will be here all day, upper/lower bollinger band, support/resistance, 3 positive candles, fibbonacci etc, there are so many different ways to take profit, that one can argue all day with each other...
