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Monthly Profit - Daily Trading using SMA

  • #2,681
  • Sep 16, 2016 6:40am Sep 16, 2016 6:40am
Hello Bk8 & all other traders here.

For the clarity of this thread (so newcomers don't confused learning with many chit-chat along within this thread), I propose that we have a thread dedicated for a chat room. Any question/chat can be done on this chat room. While the original thread will be reserved for posting trade rules(if there's any new change), trade head-up & result.
How do you guys think?
  • #2,682
  • Sep 16, 2016 6:46am Sep 16, 2016 6:46am
Thats a great idea but not sure how we will manage that..

Quoting pipmunks
Hello Bk8 & all other traders here. For the clarity of this thread (so newcomers don't confused learning with many chit-chat along within this thread), I propose that we have a thread dedicated for a chat room. Any question/chat can be done on this chat room. While the original thread will be reserved for posting trade rules(if there's any new change), trade head-up & result. How do you guys think?
  • #2,683
  • Sep 16, 2016 6:54am Sep 16, 2016 6:54am
Quoting Bk8
{quote} Thanks but why only 16 pips? did you take position late? mine is around +70 pips Today is Friday so be please prepared for reversal {image}
Hello.
Thanks for replying.
I am always one and a half hour after the daily close.
Should it be rigth after?
Thank you
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #2,684
  • Sep 16, 2016 6:57am Sep 16, 2016 6:57am
Quoting Bk8
Thats a great idea but not sure how we will manage that.. {quote}
start a Telegram group, that would be very interesting I'm sure
It takes a lot for me to IGNORE you, but you can try.
  • #2,685
  • Sep 16, 2016 7:25am Sep 16, 2016 7:25am
Quoting Erebus
{quote} start a Telegram group, that would be very interesting I'm sure
I believe forum is still the best way. Any post will be easy to link to & update/edit if necessary. Chat application lack of this feature. Besides, post will stay until it's deleted, while chat usually keep for some period of time. So any newcomer will be difficult to follow past discussion.
  • #2,686
  • Sep 16, 2016 7:28am Sep 16, 2016 7:28am
Quoting Bk8
{quote} Yep, my 3rd experiment is in progress.. this is not right thread to discuss so will not talk in detail but look at tight SL.. will you belive I took poistion on 1M and still survived all night AJ 35 pips {image}
Very nice indeed
Human beings are members of a whole, In creation of one essence and sol.
  • #2,687
  • Sep 16, 2016 7:29am Sep 16, 2016 7:29am
My open positions
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Human beings are members of a whole, In creation of one essence and sol.
  • #2,688
  • Sep 16, 2016 7:29am Sep 16, 2016 7:29am
Quoting Bk8
Thats a great idea but not sure how we will manage that.. {quote}
Simple. Create the new chat thread ( you decide the name ) & give us the link here, so we can move there & start discussion/chat there.
After that, you can clean up this thread by delete unnecessary post from this thread (I believe this is what you want earlier).
  • #2,689
  • Sep 16, 2016 7:43am Sep 16, 2016 7:43am
Quoting Bk8
Thats a great idea but not sure how we will manage that.. {quote}
This is exactly what I was trying to do. We can setup a skype room. I can start it if you like Bk8. Let me know.
  • #2,690
  • Sep 16, 2016 7:49am Sep 16, 2016 7:49am
Quoting TrueStoryfx
{quote} This is exactly what I was trying to do. We can setup a skype room. I can start it if you like Bk8. Let me know.
I think telegram room will be enough!

Easy to remove cache and unwanted log etc...
I Win, I Lose, It's my Job... And I Love it!
  • #2,691
  • Sep 16, 2016 7:55am Sep 16, 2016 7:55am
Quoting TrueStoryfx
{quote} This is exactly what I was trying to do. We can setup a skype room. I can start it if you like Bk8. Let me know.
Guys if make a such a thing don't forget to anounce your skype ID im your aleat (friend)
  • #2,692
  • Sep 16, 2016 8:03am Sep 16, 2016 8:03am
A/U not looking to good now after some good US news
  • #2,693
  • Sep 16, 2016 8:10am Sep 16, 2016 8:10am
Nzdusd hit the stop loss..
Well, still learning here. Should i put the stop loss farther? I put it at previous candle as bk8 said. What does the lesson here? Please some advise. Thanks
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  • #2,694
  • Sep 16, 2016 8:11am Sep 16, 2016 8:11am
Quoting cesar8
NZD-CHF this may be the best picture for today {image}
Nice Ceser8 , Would you please guide me whole system ?
I shall be very thankful to you
  • #2,695
  • Sep 16, 2016 8:15am Sep 16, 2016 8:15am
Quoting fekko
A/U not looking to good now after some good US news
FekKo we have seen to trade GBP/AUD not AUD/USD
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  • #2,696
  • Sep 16, 2016 8:16am Sep 16, 2016 8:16am
Quoting umairsheikh2
{quote} I think telegram room will be enough! Easy to remove cache and unwanted log etc...
Lets see if Bk8 wants to move forward on this.
  • #2,697
  • Sep 16, 2016 8:22am Sep 16, 2016 8:22am
I do not want to take away from this great system, I think its great as is. Only playing devils advocate to see the what if scenarios.

Price action tells us there were 3 sells that this system would give us, all failed 3x in a row. (red arrow)

Has anyone considered a trend indicator or the direction of BB? (green arrow)

Not sure if there is a way around it. Parabolic SAR would avoid all 3 situations, but would filter out decent trades as well.

I always say that losses are the cost of doing business.
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  • #2,698
  • Sep 16, 2016 8:24am Sep 16, 2016 8:24am
Hi All, just my few cents worth of words...

I must say that I did and still learn a lot from the chat, questions and critic given. If someone does not understand Post#1, clearly something else is wrong and not the rest of posts in the threat.
  • #2,699
  • Sep 16, 2016 8:33am Sep 16, 2016 8:33am
Hello Bk8!

I have a question, and please don't take as negative, but I'm trying to get more information on the system. Are entries taken no matter where the pair is as far as S/R levels? I see that A/U might be a viable setup, as far as the rules. But it is sitting right the monthly open, which generally will provide a descent form of resistance. At the same time it has recently bounced from the bottom of the BB, which is a nice entry for long, at least to the mid-point of the BB. Same with N/U, it was at a very strong resistance level, that held price for over a month.

Thank you in advance for helping me clarify

Sorry, I posted this yesterday and got no replies. I added a little more form my original post
  • #2,700
  • Sep 16, 2016 8:38am Sep 16, 2016 8:38am
update
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