Monthly Profit - Daily Trading using SMA | Page 152 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #3,021
  • Sep 18, 2016 7:29pm Sep 18, 2016 7:29pm
Quoting yonnie
{quote} hey Bk8, you really make me look very closely at every set-up for any possible hiccups. will be trialling for another few months and will ditch my old swing trading system if yours comes out on top. am used to doubling my account every year, but your system might be the better one. your system has a lot higher trade frequency and that might kill off my old one thank you for all your help. that being said, cant get your G/A trade from last week out of my mind. it was clearly sideways and now I`m all confused about the rules...
Thanks very much yonnie for your feedback.
As I mentioned earlier, G/A was little sideways if we look at Tuseday's candle but overall it was more like inverted V shape and also last candle reversed after piercing BB upper band... and hence I gave little more weight to G/A.
  • #3,022
  • Sep 18, 2016 7:31pm Sep 18, 2016 7:31pm
Just wanted to join the party.

My trades for this week:
AUD CHF --Long (currently running +15 pips)
EUR CAD --Short (currently running -6 pips)

GBPJPY -- Short (Pending Sell Stop)
EURAUD --Short (Pending Sell Stop)

Last week was a great week, let's make this one another winning week.
Good luck and thanks to all.
  • #3,023
  • Sep 18, 2016 7:35pm Sep 18, 2016 7:35pm
Hi All,

First time using the strategy after watching since the birth of the thread.
After a good start like today, Do you consider moving stop losses to break even?
  • #3,024
  • Sep 18, 2016 7:57pm Sep 18, 2016 7:57pm
Quoting Bk8
{quote} ​That's correct, Please see below setup was formed on 26th July, I always open or close positions when candle opens or closes {image}
I follow sideway this thread but with interest.
for those who want to see from another perspective the daily setup, here I share how easy I find out with MACD-SMA, help me especially since I have vision problems
Attached Image (click to enlarge)
Click to Enlarge Name: BK8 MACDSMA view pic.png Size: 24 KB
Attached File(s)
File Type: tpl BK8 MACDSMA view.tpl   1 KB | 476 downloads
File Type: mq4 MACD-SMA.mq4   2 KB | 530 downloads
Humble & Kalcker CLO2 = Covid killer
  • #3,025
  • Sep 18, 2016 7:57pm Sep 18, 2016 7:57pm
Quoting Bk8
{quote} Thanks for sharing, why you did not take G/A on Thursday? G/A earned 275 pips on Friday!!
I miss GA but I took GN Last week n it hit tp btm of line.Good enough for me.
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  • #3,026
  • Sep 18, 2016 8:12pm Sep 18, 2016 8:12pm
Quoting Bk8
{quote} Thanks very much yonnie for your feedback. As I mentioned earlier, G/A was little sideways if we look at Tuseday's candle but overall it was more like inverted V shape and also last candle reversed after piercing BB upper band... and hence I gave little more weight to G/A.
unfortunately, I didnt take GA last week, but looking back at it, it was a great set-up.

Inverted head and shoulders pattern with confluence at the upper BB and previous resistance area. Possible target at the bottom of shoulder around 1.71 area.
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  • #3,027
  • Sep 18, 2016 8:14pm Sep 18, 2016 8:14pm
Quoting Ghibli
{quote} Hi , that's way I am posting the S/R levels etc ,for traders right here, to choose what they would like the best..the S/R levels are not the main rule..it's only for overview the situation ,on the pairs..check this post - http://www.forexfactory.com/showthre...04#post9146104
Hi all, I am not sure why SR was left out of the analysis in the first post. But I reckon it also makes this strategy a clean, clear methods and take out any subjectivity
which SR can presents. What I do, (not to be taken that I have deviate from original strategy)is to draw trendline on the weekly chart and then goes down to daily chart to see with our setups would be in line with the weekly trendline. Only then do I normally enter.

Please do not over react to my suggestion. It is purely for discussion sake to make this strategy a viable one.
  • #3,028
  • Edited 9:06pm Sep 18, 2016 8:33pm | Edited 9:06pm
Quoting josephkee
{quote} Hi all, I am not sure why SR was left out of the analysis in the first post. But I reckon it also makes this strategy a clean, clear methods and take out any subjectivity which SR can presents. What I do, (not to be taken that I have deviate from original strategy)is to draw trendline on the weekly chart and then goes down to daily chart to see with our setups would be in line with the weekly trendline. Only then do I normally enter. Please do not over react to my suggestion. It is purely for discussion sake to make this strategy a viable...
Sure, very simple answer. Just find any issue with our setup, let group know how S&R can help.

There were multiple instances when big fan of S&R did not recommend some of our setups as per rules on #1 but setups were still successful.

I am not against S&R but my concern is that if we give too much importance to S&R then we may have to give up so many valid setups.
S&R can be used to filter sideways, but it can not be the only way to filter.. we may find many other ways.
  • #3,029
  • Sep 18, 2016 9:04pm Sep 18, 2016 9:04pm
Update on last week's setups - A/U is green, N/U is moving towards green, added 30 pips

E/N has also added pips, around 50 pips profit
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  • #3,030
  • Edited 10:58pm Sep 18, 2016 9:14pm | Edited 10:58pm
Quoting Bk8
Almost all setups are moving in right direction but as per my recent experince I would be more happy if setups go in opposite direction in first 12 hours {image} {image}
Hi Bk8,
I didn't see TP in your trade. Will you check if 1st position has TP=SL then close manually or TP was set when you open order?
Another question is: do you trail SL for 2 positions while 1st position still doesn't hit TP?
  • #3,031
  • Sep 18, 2016 9:16pm Sep 18, 2016 9:16pm
Quoting Ghibli
{quote} Yeah..sometimes it's going in the one side at Tokyo session,only to goes in the oposite direction ,when the UK or NY kicks in
I am really worried now
E/A has already earned 75 pips profit!!!
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  • #3,032
  • Sep 18, 2016 9:17pm Sep 18, 2016 9:17pm
Quoting Bk8
Update on last week's setups - A/U is green, N/U is moving towards green, added 30 pips E/N has also added pips, around 50 pips profit {image}
I'm still also with E/N ..two positions of course on same pair
Attached Image
Read 1st post , if you don't understand something , then , ask a question
  • #3,033
  • Sep 18, 2016 9:18pm Sep 18, 2016 9:18pm
Quoting Ghibli
{quote} I'm still also with E/N ..two positions of course on same pair{image}
  • #3,034
  • Sep 18, 2016 9:19pm Sep 18, 2016 9:19pm
Quoting Bk8
{quote} I am really worried now E/A has already earned 75 pips profit!!! {image}
Absolutely awesome results! Great job, again!
  • #3,035
  • Sep 18, 2016 9:20pm Sep 18, 2016 9:20pm
Quoting Bk8
{quote} I am really worried now E/A has already earned 75 pips profit!!! {image}
It can now do a little bounce off Due to the MM I don't took this trade..also it hits middle BB
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Read 1st post , if you don't understand something , then , ask a question
  • #3,036
  • Sep 18, 2016 9:23pm Sep 18, 2016 9:23pm
Quoting Bk8
{quote}
E/C also is doing pretty good
Attached Image
Read 1st post , if you don't understand something , then , ask a question
  • #3,037
  • Sep 18, 2016 9:30pm Sep 18, 2016 9:30pm
Quoting Ghibli
{quote} It can now do a little bounce off Due to the MM I don't took this trade..also it hits middle BB{image}
Please stop using all these rocket scince methods for some time otherwise you wont get anything from this startegy
  • #3,038
  • Sep 18, 2016 9:33pm Sep 18, 2016 9:33pm
Quoting Bk8
{quote} Please stop using all these rocket scince methods for some time otherwise you wont get anything from this startegy
haha OK I am going to bed,it's 3:30 Am , "see" you tomorrow dear traders ,specially the boss
Read 1st post , if you don't understand something , then , ask a question
  • #3,039
  • Sep 18, 2016 9:36pm Sep 18, 2016 9:36pm
Quoting Ghibli
{quote} haha OK I am going to bed,it's 3:30 Am , "see" you tomorrow dear traders ,specially the boss
Sure, Good night Sir/Mam... am not sure
  • #3,040
  • Sep 18, 2016 9:36pm Sep 18, 2016 9:36pm
Quoting Ghibli
{quote} E/C also is doing pretty good {image}
yeah... 50 pips profit so far on E/C
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