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Monthly Profit - Daily Trading using SMA

  • #3,641
  • Sep 21, 2016 11:36am Sep 21, 2016 11:36am
Quoting stu
{quote} I get both sides of the discussion here, and have reconciled it to myself in this way. When we enter according to the rules Bk8 has established, that is the edge - if the market then subsequently moves sideways, after x candles the advantage given by the edge ultimately reduces to the point where the outcome becomes almost random (as random as markets are) - every sideways candle subsequent to the signal dilutes the weight of that original signal. If I am in the trade from the signal, then I have a definite reason for entering and part of...
stu, that answer right there is the one that I'll take away. Thanks very much for taking the time to read the question.
  • #3,642
  • Sep 21, 2016 11:46am Sep 21, 2016 11:46am
Quoting stu
{quote} I get both sides of the discussion here, and have reconciled it to myself in this way. When we enter according to the rules Bk8 has established, that is the edge - if the market then subsequently moves sideways, after x candles the advantage given by the edge ultimately reduces to the point where the outcome becomes almost random (as random as markets are) - every sideways candle subsequent to the signal dilutes the weight of that original signal. If I am in the trade from the signal, then I have a definite reason for entering and part of...
Hi Stu
from my perspective you only have to measure the previous swings to see the average amount of pips produced to see why BK8 gets the results he gets, money management suggested is easily achieved, try it, i also look for the signals at the bottom or top of the swing, as close as i think it is anyway
  • #3,643
  • Sep 21, 2016 12:01pm Sep 21, 2016 12:01pm
I have taken half off the remaining open positions I have, due to FMOC. I will let the rest run, or hit SL. I will continue to trail, if they are not taken out by the upcoming volitiliy.
Happy trading!
  • #3,644
  • Sep 21, 2016 12:16pm Sep 21, 2016 12:16pm
Quoting Ghibli
To many thoughts , solutions and willingness to fix something ,that in my opinion is already working..I am in this system for about a month and day after day I feel with it , " like in home " . I think Bk8 knows this stuff better than we . This thread ,from the beginning ,was kindly given to us , to try it for ourself for a couple of months..I think we should stick to the rules for that time , then we can make a value opinion about it, any thoughts,conclusions , profit/loss statements etc . Don't get me wrong , for me,personally there is something...

This is very true. No needs to change or invent anything here. Probably the ego is playing its role here
  • #3,645
  • Sep 21, 2016 12:23pm Sep 21, 2016 12:23pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
An easy and possibly stupid question: At what time do you all see the new day candle?

Here it is now 19:22 and the new day candle will open at 23:00

Is that the same time for all of you?

Thanks!
  • #3,646
  • Sep 21, 2016 12:30pm Sep 21, 2016 12:30pm
jmm. Here the time is now 20.23 (GMT+3) and thus the new candle will open at 00.00hrs.
  • #3,647
  • Sep 21, 2016 12:31pm Sep 21, 2016 12:31pm
Quoting jmmn
An easy and possibly stupid question: At what time do you all see the new day candle? Here it is now 19:22 and the new day candle will open at 23:00 Is that the same time for all of you? Thanks!
the Brokers starts a New D1 candle/ bar/day at 5PM NY time. You are from Spain so 23.
  • #3,648
  • Sep 21, 2016 12:33pm Sep 21, 2016 12:33pm
Quoting jmmn
An easy and possibly stupid question: At what time do you all see the new day candle? Here it is now 19:22 and the new day candle will open at 23:00 Is that the same time for all of you? Thanks!
Correct.
So many in the Commercial section want to make me rich! :o
  • #3,649
  • Sep 21, 2016 12:57pm Sep 21, 2016 12:57pm
Quoting Brian214
{quote} Thanks for your reply. I will put as simply as I can. In your experience with the system have you found a 1:1 RR is achievable for the first exit??? Maybe I am being too careful and taking pips too soon and too small. Thanks again for your system it is working very well for me except as I say maybe I am stepping out too soon
Mr Brian,

Thanks very much for your feedback. I would suggest you to use this strategy for some time, find any real issue and then share your thoughts.
As Ghibli mentioned, this strategy is working for all of us...even I am surprised
I have sleepless night for last 1 month due to my experiment to replicate similar success for H1 but no luck so far.

So lets enjoy this strategy as it is, unless we find any issue.
we have only one loser in last 3 weeks, I have not seen similar strategy ever in my life..I started forex very late in 2014 but I have been trading for last 10 years.

Forgot to mention that yes, 1:1 RR is easily achievable, My some positions are 3X and 4X. So either I am missing anything or you are not able to express your concern due to lack for actual facts.
  • #3,650
  • Sep 21, 2016 1:09pm Sep 21, 2016 1:09pm
I`ve been trading since 1998 and can see a winning system when I see one.
thank you Bk8!
  • #3,651
  • Sep 21, 2016 1:09pm Sep 21, 2016 1:09pm
Quoting Bk8
{quote} Mr Brian, Thanks very much for your feedback. I would suggest you to use this strategy for some time, find any real issue and then share your thoughts. As Ghibli mentioned, this strategy is working for all of us...even I am surprised I have sleepless night for last 1 month due to my experiment to replicate similar success for H1 but no luck so far. So lets enjoy this strategy as it is, unless we find any issue. we have only one loser in last 3 weeks, I have not seen similar strategy ever in my life..I started forex very late in 2014 but...
Bk, the H1 is harder to trade with this strategy, I tried a lot too in the last days, because I really like the shorter terms, but better to stick to D1 for now. Strangely while testing my own BB squeeze/breakout on D1 I came across similarity with you 5sma. They are showing almost the same entries. The difference is that your way is a bit faster in entry. Sorry for the OT.
  • #3,652
  • Sep 21, 2016 1:09pm Sep 21, 2016 1:09pm
Ive just calculated that i would be -155pips if all of my positions hit their SL :/ try it yourself
Attached File(s)
File Type: ex4 MaxExposure.ex4   6 KB | 327 downloads
So many in the Commercial section want to make me rich! :o
  • #3,653
  • Sep 21, 2016 1:17pm Sep 21, 2016 1:17pm
i did also closed all my position befor the news.
Human beings are members of a whole, In creation of one essence and sol.
  • #3,654
  • Sep 21, 2016 1:18pm Sep 21, 2016 1:18pm
Still in E/N and E/C..first TP already taken

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Read 1st post , if you don't understand something , then , ask a question
  • #3,655
  • Sep 21, 2016 1:21pm Sep 21, 2016 1:21pm
Bk8
tommorow good setup have?
  • #3,656
  • Sep 21, 2016 1:23pm Sep 21, 2016 1:23pm
pls check end day gold usdcad......
  • #3,657
  • Sep 21, 2016 1:24pm Sep 21, 2016 1:24pm
Hello all

Sticking to the rules

My running trades : + 975 pips + first positions taken profits
Move stop loss every day till hit SL

Again, many thanks to BK8 for sharing
  • #3,658
  • Sep 21, 2016 1:26pm Sep 21, 2016 1:26pm
Pretty anticlimactic move from the FOMC news. RBNZ has their rate decision in 2.5 hours, we shall see if that gets NU moving.
  • #3,659
  • Sep 21, 2016 1:29pm Sep 21, 2016 1:29pm
Agree, thats why I used other filter...

Quoting knullasomfan
{quote} Bk, the H1 is harder to trade with this strategy, I tried a lot too in the last days, because I really like the shorter terms, but better to stick to D1 for now. Strangely while testing my own BB squeeze/breakout on D1 I came across similarity with you 5sma. They are showing almost the same entries. The difference is that your way is a bit faster in entry. Sorry for the OT.
  • #3,660
  • Sep 21, 2016 1:33pm Sep 21, 2016 1:33pm
Quoting Bestof27
Hello all Sticking to the rules My running trades : + 975 pips + first positions taken profits Move stop loss every day till hit SL Again, many thanks to BK8 for sharing
Thanks for sharing, Bestof27!!

G/CHF, second position is running since 8 Sept
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