Monthly Profit - Daily Trading using SMA | Page 179 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #3,561
  • Sep 21, 2016 4:54am Sep 21, 2016 4:54am
Hi, BK and others what do you think about the same signal on weeklies. I had a very good one on GJ in the last few days.
  • #3,562
  • Sep 21, 2016 5:09am Sep 21, 2016 5:09am
Quoting Brian214
Hi, BK and others what do you think about the same signal on weeklies. I had a very good one on GJ in the last few days.
Can you please show us your chart, I am a bit puzzled as to where your signal was.
  • #3,563
  • Sep 21, 2016 5:11am Sep 21, 2016 5:11am
Good Morning,

Finaly green after 6 canfles
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  • #3,564
  • Sep 21, 2016 5:11am Sep 21, 2016 5:11am
EUR / AUD is doing great since Sunday
Human beings are members of a whole, In creation of one essence and sol.
  • #3,565
  • Sep 21, 2016 5:12am Sep 21, 2016 5:12am
Quoting Brian214
Hi, BK and others what do you think about the same signal on weeklies. I had a very good one on GJ in the last few days.
This strategy is meant for Daily charts only, we do not recommend anywhere else
  • #3,566
  • Sep 21, 2016 5:14am Sep 21, 2016 5:14am
Quoting MrRijk
EUR / AUD is doing great since Sunday
Yeah 330 pips profit so far
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  • #3,567
  • Sep 21, 2016 5:22am Sep 21, 2016 5:22am
Quoting Bk8
Good Morning, Finaly green after 6 canfles {image}
I feel like for these sorts of situations by holding onto these positions we are taking a gamble hoping that the trade will go our way.

This kind of goes against our rule for no sideways entry. In theory anyone who didn't take the trade initially could have jumped in at any point during the last few days and still be in the same position we are for holding onto the initial trade. No?
So many in the Commercial section want to make me rich! :o
  • #3,568
  • Sep 21, 2016 5:23am Sep 21, 2016 5:23am
Quoting Bk8
Good Morning, Finaly green after 6 canfles {image}
Nice one for how long will you let it ride? Why not put stop loss on previous candle?
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  • #3,569
  • Sep 21, 2016 5:24am Sep 21, 2016 5:24am
Quoting Bk8
{quote} Yeah 330 pips profit so far {image}
Fantastic, i am very greatfull , thank you
Human beings are members of a whole, In creation of one essence and sol.
  • #3,570
  • Sep 21, 2016 5:25am Sep 21, 2016 5:25am
Good Morning bk8
i am risk trade paste but now risk free
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  • #3,571
  • Sep 21, 2016 5:27am Sep 21, 2016 5:27am
Quoting MrRijk
{quote} Fantastic, i am very greatfull , thank you
Me too Thanx God that we have you
  • #3,572
  • Sep 21, 2016 5:34am Sep 21, 2016 5:34am
GBP AUD +505
  • #3,573
  • Sep 21, 2016 5:36am Sep 21, 2016 5:36am
Nope, There are 2 scenarios

1.exit on breakeven if setup goes agsinst you and reverse
2. wait until SL triggers

I use rule#2

#1.Most people follow patience while taking profit impatient for loss..
#2.Some follow, once you decide Profit and SL, stick to it.

I like to follow best of above 2 i.e. once you decide SL and Tp, stick to it and be patient for taking profit on second position of your stategy. Simple?







Quoting FX-Flux
{quote} I feel like for these sorts of situations by holding onto these positions we are taking a gamble hoping that the trade will go our way. This kind of goes against our rule for no sideways entry. In theory anyone who didn't take the trade initially could have jumped in at any point during the last few days and still be in the same position we are for holding onto the initial trade. No?
  • #3,574
  • Sep 21, 2016 5:43am Sep 21, 2016 5:43am
E/C - closer to TP1 now , E/N doing good..
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Read 1st post , if you don't understand something , then , ask a question
  • #3,575
  • Sep 21, 2016 5:44am Sep 21, 2016 5:44am
EA is a very nice beautiful trade! I closed out both positions. The 2nd position has moved 3 candles if you count today's candle that is still open. Also, price has hit TL and S/D area and we have red news out today so I decided to close the trade.

Yes, per BK8's rules, we could hold forever until SL hit, but okay to get out after 3 strong candle moves too! Price has hit the exact zone that I was looking at when I opened the trade. No need to give back pips!
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  • #3,576
  • Sep 21, 2016 5:44am Sep 21, 2016 5:44am
Quote
E/C - closer to TP1 now , E/N doing good..
nice
  • #3,577
  • Sep 21, 2016 5:45am Sep 21, 2016 5:45am
Quoting Bk8
{quote} This strategy is meant for Daily charts only, we do not recommend anywhere else
That's OK I just wondered if they would be even stronger on weeklies. Not to worry we will stick to dailies
  • #3,578
  • Sep 21, 2016 5:53am Sep 21, 2016 5:53am
Quoting Gilliam
GBP AUD +505
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  • #3,579
  • Sep 21, 2016 6:26am Sep 21, 2016 6:26am
Quoting Bk8
Nope, There are 2 scenarios 1.exit on breakeven if setup goes agsinst you and reverse 2. wait until SL triggers I use rule#2 #1.Most people follow patience while taking profit impatient for loss.. #2.Some follow, once you decide Profit and SL, stick to it. I like to follow best of above 2 i.e. once you decide SL and Tp, stick to it and be patient for taking profit on second position of your stategy. Simple? {quote}
Thanks for the explanation and in your case you stick to rule 2.
What is your policy on the amount of profit you take on the first part of your trade?
  • #3,580
  • Sep 21, 2016 6:26am Sep 21, 2016 6:26am
Quoting FX-Flux
{quote} I feel like for these sorts of situations by holding onto these positions we are taking a gamble hoping that the trade will go our way. This kind of goes against our rule for no sideways entry. In theory anyone who didn't take the trade initially could have jumped in at any point during the last few days and still be in the same position we are for holding onto the initial trade. No?
Last time I suggested that scenario a couple days ago I got my face slapped.
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