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Monthly Profit - Daily Trading using SMA

  • #3,041
  • Sep 18, 2016 7:38pm Sep 18, 2016 7:38pm
Quoting Bk8
{quote} Sure, Good night Sir/Mam... am not sure
My name is Filip,so ..you can call me mate
Read 1st post , if you don't understand something , then , ask a question
  • #3,042
  • Sep 18, 2016 7:38pm Sep 18, 2016 7:38pm
Quoting Bk8
{quote} 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.
Great thread and strategy Bk8! Just goes to show that entrenched wisdom such as that so popular with support and resistance demagoguery is not all that.
This method is working. Why?
1. Momentum.
2. Money management.

Rock on Bk8!
  • #3,043
  • Sep 18, 2016 7:41pm Sep 18, 2016 7:41pm
Just FYI - I spoke to Oanda CC today to discuss on how to change the candle start time. I was not sure but very surprised to know that we can simply switch Oanda GMT - 5 to GMT + 2 if you want candles on Oanda Mt4 chart to start at 5 PM EST!!!
  • #3,044
  • Sep 18, 2016 7:42pm Sep 18, 2016 7:42pm
Quoting Ghibli
{quote} My name is Filip,so ..you can call me mate
Great, Thank you very much Filip Sir!
  • #3,045
  • Sep 18, 2016 7:44pm Sep 18, 2016 7:44pm
Quoting Winston Reed
{quote} Great thread and strategy Bk8! Just goes to show that entrenched wisdom such as that so popular with support and resistance demagoguery is not all that. This method is working. Why? 1. Momentum. 2. Money management. Rock on Bk8!
Its really great to hear feedback from experienced tarders like you, thank you very much Winston!!
  • #3,046
  • Sep 18, 2016 7:49pm Sep 18, 2016 7:49pm
Thankfully AU goes the right direction again. This is the position I opened at Friday.
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  • #3,047
  • Sep 18, 2016 8:05pm Sep 18, 2016 8:05pm
Quoting Beth25
Thankfully AU goes the right direction again. This is the position I opened at Friday. {image}
hopefully NU does the same. i had AU and NU opened together on friday. good job keeping the chart clean and self explanatory! this method is great
  • #3,048
  • Sep 18, 2016 8:12pm Sep 18, 2016 8:12pm
Im still trailing my GA trade from last friday.Profit of $20 and on counting from a 0.01 lot.LOL
Thanks Bk8.Couldn't have made it without ur idea and strategy.

PS:I have a small account and not so high leverage thus the 0.01 lot.But still profit.Best of luck Bk8
  • #3,049
  • Sep 18, 2016 8:13pm Sep 18, 2016 8:13pm
G/A from last week, 320 pips profit so far
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  • #3,050
  • Sep 18, 2016 8:13pm Sep 18, 2016 8:13pm
Quoting callmejack
{quote} hopefully NU does the same. i had AU and NU opened together on friday. good job keeping the chart clean and self explanatory! this method is great
my NU hit the stoploss at friday, apparently my SL was too close, and it didn't meet BK8's rules. my mistake.
  • #3,051
  • Sep 18, 2016 8:17pm Sep 18, 2016 8:17pm
Haha i just accidentally closed mu G/A trades off
Was trying to close out half the position but was not concentrating and closed off both.

Oh well cant complain about 10% in one trade
  • #3,052
  • Sep 18, 2016 8:21pm Sep 18, 2016 8:21pm
Quoting Beth25
{quote} my NU hit the stoploss at friday, apparently my SL was too close, and it didn't meet BK8's rules. my mistake.
Oops NU is just 10 pips behind...never mind
  • #3,053
  • Sep 18, 2016 8:27pm Sep 18, 2016 8:27pm
Quoting Beth25
{quote} my NU hit the stoploss at friday, apparently my SL was too close, and it didn't meet BK8's rules. my mistake.
yea i was nervous when Friday was a bad day for that trade. but bk8 expressed clearly a SL would be +/1 15pips of previous candle, so i just leave it on even it went like -50pips at one point.. glad it turned back today.
  • #3,054
  • Sep 18, 2016 8:31pm Sep 18, 2016 8:31pm
close all trad 451pip thank for u bk8
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  • #3,055
  • Sep 18, 2016 8:37pm Sep 18, 2016 8:37pm
bk8
  • #3,056
  • Sep 18, 2016 8:54pm Sep 18, 2016 8:54pm
Quoting chinchano
bk8
Ha ha thank you very much for your feedback!
Credit goes to whole group of our traders!
  • #3,057
  • Sep 18, 2016 8:59pm Sep 18, 2016 8:59pm
Quoting saranga
close all trad 451pip thank for u bk8 {image}
Great job... My no one "must learn" how you learned not to closed earlier your +position from bk8.. 😁
  • #3,058
  • Sep 18, 2016 9:08pm Sep 18, 2016 9:08pm
Quote
Great job... My no one "must learn" how you learned not to closed earlier your +position from bk8.. 😁
no need to more pip want me this week have big news i think not storng moving today and tommorow
total 550pip
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  • #3,059
  • Sep 18, 2016 9:48pm Sep 18, 2016 9:48pm
Thank you BK8
Human beings are members of a whole, In creation of one essence and sol.
  • #3,060
  • Sep 18, 2016 9:49pm Sep 18, 2016 9:49pm
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Human beings are members of a whole, In creation of one essence and sol.
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