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Monthly Profit - Daily Trading using SMA

  • #3,261
  • Sep 19, 2016 6:14pm Sep 19, 2016 6:14pm
Quoting shimmering
{quote} Thanks for clarity! I see that in the case of E/C the BE would have been hit too? I am terrible with sticking to rules. I need your help!
Try to think about it like that - do you want to make money in the long run ? do you want be consistent in your trading ? Well we both know the answer ,so you have to be very,very patience ,disciplined and sharp ,confident with your main rules ,that you have to stick with..set a plan ,write on a paper and leave it at the desk in front of you..for next 3-4 weeks , no matter what happens,you will be sticking to this rules .No matter what..don't look at charts with thinking - oh my god, I have to close now , I think it's going to reverse etc because it makes no sense..the simplicity of this system is the key and if we will bring our emotions to this ,like fear,greed , it will be very bad for our trading..think about yourself as a robot ,that has programmed algorythm . Once a big man Cassius Clay said - I hate every hour and day of training..but I was talking to myself - dedictae yourself to this now and be the king for the rest of your life..sorry if something is not clear ,it's because of my english
Read 1st post , if you don't understand something , then , ask a question
  • #3,262
  • Sep 19, 2016 6:27pm Sep 19, 2016 6:27pm
Quoting Ghibli
{quote} Try to think about it like that - do you want to make money in the long run ? do you want be consistent in your trading ? Well we both know the answer ,so you have to be very,very patience ,disciplined and sharp ,confident with your main rules ,that you have to stick with..set a plan ,write on a paper and leave it at the desk in front of you..for next 3-4 weeks , no matter what happens,you will be sticking to this rules .No matter what..don't look at charts with thinking - oh my god, I have to close now , I think it's going to reverse etc...
Yes!
  • #3,263
  • Sep 19, 2016 7:16pm Sep 19, 2016 7:16pm
I am trying to reduce the number of posts.. so please do not mind if I do not reply to each individuals.

Thank you very much for sharing your result, please keep sharing your results...that will help new traders to take decision and also same time you will save them if they are going to be trapped like some other strategies
  • #3,264
  • Sep 19, 2016 7:18pm Sep 19, 2016 7:18pm
Quoting Bsmile44
{quote} Thanks for sharing! Why don't you think A/J or N/U are good setups?
Both are sideways
  • #3,265
  • Sep 19, 2016 7:26pm Sep 19, 2016 7:26pm
I'm still in E/N and E/C .. + 88.5 pips for now overall . have still two positions each pair..going to bed , Good night /day everyone

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Read 1st post , if you don't understand something , then , ask a question
  • #3,266
  • Sep 19, 2016 7:29pm Sep 19, 2016 7:29pm
Quoting Ghibli
I'm still in E/N and E/C .. + 88.5 pips for now overall . have still two positions each pair..going to bed , Good night /day everyone {image}{image}
Good Night Mr Philip, thank you very much for your contribution. You are inspiring so many traders including me.
  • #3,267
  • Sep 19, 2016 7:31pm Sep 19, 2016 7:31pm
Quoting Bk8
{quote} Good Night Mr Philip, thank you very much for your contribution. You are inspiring so many traders including me.
Thank you very much boss ! I really appreciate that . Good night ..and stay green
Read 1st post , if you don't understand something , then , ask a question
  • #3,268
  • Sep 19, 2016 7:33pm Sep 19, 2016 7:33pm
Hello bk8
I didn't see anything to trade today.
Feel free not to reply to me. I don' t get offended.
I am happy just to read what you write in general.
Thank you.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #3,269
  • Sep 19, 2016 7:49pm Sep 19, 2016 7:49pm
As a matter of interest.

I have noticed many people post screenshots of their open positions.

Now as I see it, the rules state to open 2 positions on each trade. One is closed if TP = 1:1 and let 2nd ride to SL which is moved to BE or continued as a trailing SL.

However, when I look at people's screenshots I only see 1 trade open.
When I place 2 trades I see 2 trades on mine.

Am I missing something?
  • #3,270
  • Sep 19, 2016 7:53pm Sep 19, 2016 7:53pm
Quoting Oddbjorg
Hello bk8 I didn't see anything to trade today. Feel free not to reply to me. I don' t get offended. I am happy just to read what you write in general. Thank you. Oddbj.
How come...please feel free to ask me questions as many as you want

Thats correct, we do not have any setups for today.
  • #3,271
  • Sep 19, 2016 8:29pm Sep 19, 2016 8:29pm
Quoting arielcorp
As a matter of interest. I have noticed many people post screenshots of their open positions. Now as I see it, the rules state to open 2 positions on each trade. One is closed if TP = 1:1 and let 2nd ride to SL which is moved to BE or continued as a trailing SL. However, when I look at people's screenshots I only see 1 trade open. When I place 2 trades I see 2 trades on mine. Am I missing something?
When you are opening two positions at the same time ( almost the same sec ) ,set the Sl the same for two trades and one TP only - for one position ,and then you zoom out the whole picture,you don't see two different positions..there are blending which each other ..look at my positions below and my charts above in previous posts
Attached Image (click to enlarge)
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Read 1st post , if you don't understand something , then , ask a question
  • #3,272
  • Sep 19, 2016 9:13pm Sep 19, 2016 9:13pm
No Setups, No Problems . Let's play Golf!
  • #3,273
  • Sep 19, 2016 9:17pm Sep 19, 2016 9:17pm
Hi guys,

sorry I rather abit confused on this strategy.

Q: For long position, do we see based on daily TF the candle closes above the 5SMA only and open position? Or do we wait till entire full candle is above the 5SMA?

Why this is confusing is for your sunday, I see people open long for Audusd. But my chart wasnt fully above 5SMA.

One possibility is the server time that we have different close timing.

I tried message to BK but no reply yet...... Oh please help out on this.

thanks all!!
Newbie Noob Trading
  • #3,274
  • Sep 19, 2016 9:30pm Sep 19, 2016 9:30pm
Quoting Ghibli
{quote} When you are opening two positions at the same time ( almost the same sec ) ,set the Sl the same for two trades and one TP only - for one position ,and then you zoom out the whole picture,you don't see two different positions..there are blending which each other ..look at my positions below and my charts above in previous posts{image}
  • #3,275
  • Sep 19, 2016 9:53pm Sep 19, 2016 9:53pm
Quoting Smurfy
Hi guys, sorry I rather abit confused on this strategy. Q: For long position, do we see based on daily TF the candle closes above the 5SMA only and open position? Or do we wait till entire full candle is above the 5SMA? Why this is confusing is for your sunday, I see people open long for Audusd. But my chart wasnt fully above 5SMA. One possibility is the server time that we have different close timing. I tried message to BK but no reply yet...... Oh please help out on this. thanks all!!
Hi SMurfy,

open position after daily candle close above/below SMA. can you post your AUDUSD chart?
Believe and Hardwork will make great result
  • #3,276
  • Sep 19, 2016 9:54pm Sep 19, 2016 9:54pm
good day
what you mean clearly cross previous candle, plz explain
best regards
gh
  • #3,277
  • Sep 19, 2016 10:03pm Sep 19, 2016 10:03pm
Quoting febrianda
{quote} Hi SMurfy, open position after daily candle close above/below SMA. can you post your AUDUSD chart?
Hi Febrianda,

Thanks!!! As u can see the green arrow in the pict, that wasnt above SMA and I didnt took a long position like you bros and sis do. So I missed out. The next day it boom up.. Lolx.

today the 3rd day Im aiming if there's retracement till 0.752xx level i long again. Reason also I trade w PA and news at times that I learnt. And BK strategy works!!!

disclaimer: not 100% work, but close to 80%-85%!! If put in what BK mentioned avoid sideways, and risk reward ratio, it should be profitable from my first study.

but I havnt try yet and Im very eager to try!!!

if any of the bros or sis have any entry kindly post the soonest as Im watching this thread and join in..
Attached Image (click to enlarge)
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Newbie Noob Trading
  • #3,278
  • Sep 19, 2016 10:06pm Sep 19, 2016 10:06pm
I interpret clearly cross as close above or below sma 5.

On a Sunday night all markets should be closed already unless maybe if you are in West Coast USA and NZ may have already open for Monday


Quoting Smurfy
Hi guys, sorry I rather abit confused on this strategy. Q: For long position, do we see based on daily TF the candle closes above the 5SMA only and open position? Or do we wait till entire full candle is above the 5SMA? Why this is confusing is for your sunday, I see people open long for Audusd. But my chart wasnt fully above 5SMA. One possibility is the server time that we have different close timing. I tried message to BK but no reply yet...... Oh please help out on this. thanks all!!
  • #3,279
  • Sep 19, 2016 10:08pm Sep 19, 2016 10:08pm
Quoting Smurfy
{quote} Hi Febrianda, Thanks!!! As u can see the green arrow in the pict, that wasnt above SMA and I didnt took a long position like you bros and sis do. So I missed out. The next day it boom up.. Lolx. today the 3rd day Im aiming if there's retracement till 0.752xx level i long again. Reason also I trade w PA and news at times that I learnt. And BK strategy works!!! disclaimer: not 100% work, but close to 80%-85%!! If put in what BK mentioned avoid sideways, and risk reward ratio, it should be profitable from my first study. but I havnt try yet...
Hi Smurfy, please use SMA setting to 5,0. it should look like this. without Sunday candle

Attached Image
Believe and Hardwork will make great result
  • #3,280
  • Sep 19, 2016 10:12pm Sep 19, 2016 10:12pm
Quoting febrianda
{quote} Hi Smurfy, please use SMA setting to 5,0. it should look like this {image}
Hi Febrianda,

Yes, changed it..
lets monitor for the fomc news. In theory, USD should weaken..
Newbie Noob Trading
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