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Monthly Profit - Daily Trading using SMA

  • #3,501
  • Sep 20, 2016 6:27pm Sep 20, 2016 6:27pm
Is this considered sideways?
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  • #3,502
  • Sep 20, 2016 6:28pm Sep 20, 2016 6:28pm
Quoting Ghibli
{quote} Hi, according to the rules ,this is not a good setup because of the tight range of candles - sideways ..but of course the choice is always yours {image}
Thanks Ghibli,
What would be a general rule of thumb for sideways.
Cheers
  • #3,503
  • Sep 20, 2016 6:38pm Sep 20, 2016 6:38pm
Quoting arielcorp
{quote} Thanks Ghibli, What would be a general rule of thumb for sideways. Cheers
Well in the simplest terms , I think it's a few "undecided candles " each after each ..below few examples of sideways that we want avoid

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Read 1st post , if you don't understand something , then , ask a question
  • #3,504
  • Sep 20, 2016 6:40pm Sep 20, 2016 6:40pm
Don't know why 3 pics at the same time are uploaded but can't delete this..
Read 1st post , if you don't understand something , then , ask a question
  • #3,505
  • Sep 20, 2016 6:51pm Sep 20, 2016 6:51pm
Yesterday i opened GBP/CAD , EUR/USD , CAD/CHF , AUD/JPY and AUD/USD

Today I opened EUR/CHF , EUR/CAD and NZD/USD .

That's my first trades and all trades are going well.
Good Luck to All

And thanks for such a simple and profitable system Bk8 .
  • #3,506
  • Sep 20, 2016 6:58pm Sep 20, 2016 6:58pm
My live account is up 18.5% for the month of September to date. Anticipating the volatility of
the news announcements coming up I have closed all of my open trades at the moment. BK8
this is good stuff.

Alan
  • #3,507
  • Sep 20, 2016 7:12pm Sep 20, 2016 7:12pm
Quoting monaghan
{quote} Sometimes its nice to be right
Yeah, spot on!
  • #3,508
  • Sep 20, 2016 7:49pm Sep 20, 2016 7:49pm
Quoting UzairWada
Yesterday i opened GBP/CAD , EUR/USD , CAD/CHF , AUD/JPY and AUD/USD Today I opened EUR/CHF , EUR/CAD and NZD/USD . That's my first trades and all trades are going well. Good Luck to All And thanks for such a simple and profitable system Bk8 .
Hi
I think EC is a better bet than ECHF as I can see it is ranging. This pair is famous for ranging. Just my one cents worth.
thanks
  • #3,509
  • Sep 20, 2016 8:09pm Sep 20, 2016 8:09pm
Its it correct to buy gold now? 
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Forex for life
  • #3,510
  • Sep 20, 2016 8:26pm Sep 20, 2016 8:26pm
The only setup today that I found worth to take :
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  • #3,511
  • Sep 20, 2016 8:37pm Sep 20, 2016 8:37pm
Quoting pipmunks
The only setup today that I found worth to take : {image}
Hi May I know what currency pair is that?
  • #3,512
  • Sep 20, 2016 8:47pm Sep 20, 2016 8:47pm
Quoting onarticus
{quote} Hiya GoldGirl and others. Am at a bit of a loss here, please see the attached pic. A lot of people are saying they are still in EC, can't figure out how that can be and also where the 1.4882 came from. Could it be timezone? My new candle starts at 10pm (to sync with 5pmEST BK8's timing. Both my EC's stopped out. They almost hit the first TP but didn't quite make it. Hope someone can advise. Much thanks {image}
1.4882 SL is the price approximately +15 pips above the peak candle on D1 chart prior to the downside move. On the peak candle, the close hasn't cross SMA 5. However, when second candle come, it crossed and closed below SMA 5. Hence, on third day, we place short entry on the point of 3rd candle touched the SMA 5 when it retraced.

It is as that simple. My D1 chart start time is 5.00 am Singapore time. Which is 5pm for BK. It is when the NY market close and prior to the start of Japan session.

Please calculate your capital and don't invest more than 5%. If not, you will get burn with your margin call.
  • #3,513
  • Sep 20, 2016 8:50pm Sep 20, 2016 8:50pm
Quoting josephkee
{quote} Hi May I know what currency pair is that?
It is not currency pair. It is Oil.
Check your own broker if they provide oil trading.
  • #3,514
  • Sep 20, 2016 8:51pm Sep 20, 2016 8:51pm
Quoting goldgirl
{quote} 1.4882 SL is the price approximately +15 pips above the peak candle on D1 chart prior to the downside move. On the peak candle, the close hasn't cross SMA 5. However, when second candle come, it crossed and closed below SMA 5. Hence, on third day, we place short entry on the point of 3rd candle touched the SMA 5 when it retraced. It is as that simple. My D1 chart start time is 5.00 am Singapore time. Which is 5pm for BK. It is when the NY market close and prior to the start of Japan session.
I guess EC is a little late but in any case I enter a buy this morning Singapore time
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  • #3,515
  • Sep 20, 2016 8:51pm Sep 20, 2016 8:51pm
Sorry It should be sell for EC.
  • #3,516
  • Sep 20, 2016 9:13pm Sep 20, 2016 9:13pm
Quoting pipmunks
The only setup today that I found worth to take : {image}
this is one volatile beast if you day trade. D1 looks quite ok. Agree it looks good to me.
  • #3,517
  • Sep 20, 2016 9:20pm Sep 20, 2016 9:20pm
Quoting pipmunks
{quote} It is not currency pair. It is Oil. Check your own broker if they provide oil trading.
Oil up means CAD up. UC down and EC down. good!
  • #3,518
  • Sep 20, 2016 9:25pm Sep 20, 2016 9:25pm
My GC has 80+ pips so far and EC has 100+ pips so far
  • #3,519
  • Sep 20, 2016 9:29pm Sep 20, 2016 9:29pm
Quoting josephkee
{quote} I guess EC is a little late but in any case I enter a buy this morning Singapore time {image}
Doesn't really matter. According to BK system, I did my calculation. First exit point should be at 1.4643 and second TP should be at 1.4382.

Green pips to you!
  • #3,520
  • Sep 20, 2016 9:30pm Sep 20, 2016 9:30pm
Quoting onarticus
{quote} Hiya GoldGirl and others. Am at a bit of a loss here, please see the attached pic. A lot of people are saying they are still in EC, can't figure out how that can be and also where the 1.4882 came from. Could it be timezone? My new candle starts at 10pm (to sync with 5pmEST BK8's timing. Both my EC's stopped out. They almost hit the first TP but didn't quite make it. Hope someone can advise. Much thanks {image}
Should you go for 5% investment. Your stoploss can be as far as 200-300 pips away for a leverage of 1:200
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