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Monthly Profit - Daily Trading using SMA

  • #3,741
  • Sep 21, 2016 4:19pm Sep 21, 2016 4:19pm
I have taken (a bit earlier) these two positions only - my TP and SL is shown on charts.

Everything else is in range. I hate range. You must also hate range.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 34 KB
Click to Enlarge Name: Gold.png Size: 22 KB
  • #3,742
  • Sep 21, 2016 4:21pm Sep 21, 2016 4:21pm
Quoting yonnie
{quote} we only look at the current swing and we dont care about trends. we just go with the flow
well let c yonnie, there is big worh of support and resistance and trend in market, and i using bks system with it and i had no loser entry yet.
best of luck yonnie
  • #3,743
  • Sep 21, 2016 4:23pm Sep 21, 2016 4:23pm
I have just now added short USDCAD to my trades.

Other trades i entered monday are:
Short GBPCAD
Short EURCAD
Long CADCHF

So i'm very bullish towards CAD. The trades from monday took a while to start making a profit for me, but now the're off.
Persistence will get it. Consistency will keep it.
  • #3,744
  • Sep 21, 2016 4:24pm Sep 21, 2016 4:24pm
Quoting Bk8
{quote} All, Setups from last week (Still Profitable) G/A +435 Pips G/CHF + 200 Pips U/CAD + 250 Pips A/U + 38 Pips E/N + 127 Pips Setups from Sunday A/CHF +50 Pips E/CAD is profitable again + 30 Pips E/AUD +135 Pips No Setups for Today So far we have only one loser in last 3 weeks!!! Thank you very much for your support. Enjoy your profits and keep running second positions since you are not going to lose anything from these setups.
All,

Setups from last week (Still Profitable)

 

  1. G/A +535 Pips!!!
  2. G/CHF + 230 Pips!!
  3. U/CAD + 170 Pips (Closed)
  4. A/U + 115 Pips
  5. E/N + 135 Pips
  6. N/U + 30 Pips (Profitable now)
  7. EUR/CHF +20 Pips (Finally!!)


Setups from Sunday

  1. A/CHF +90 Pips
  2. E/CAD + 90 Pips
  3. E/AUD +235 Pips!!


Todays Setup (chances 70%)

Short USD/CAD

So far we have only one loser in last 3 weeks!!!

Thank you very much for your support. Enjoy your profits and keep running second positions since you are not going to lose anything from these setups.

  • #3,745
  • Sep 21, 2016 4:26pm Sep 21, 2016 4:26pm
Quoting aszain02
{quote} well let c yonnie, there is big worh of support and resistance and trend in market, and i using bks system with it and i had no loser entry yet. best of luck yonnie
to be honest I dont see any resistance, but we all look at charts differently.
and you know what??? I just follow the rules and dont need no luck
  • #3,746
  • Sep 21, 2016 4:28pm Sep 21, 2016 4:28pm
Quoting Bk8
{quote} Short USD/CAD So far we have only one loser in last 3 weeks!!! Thank you very much for your support. Enjoy your profits and keep running second positions since you are not going to lose anything from these setups.
Whats the rule on shorting UC today? It closed below SMA yesterday where it looked sideways.
  • #3,747
  • Sep 21, 2016 4:31pm Sep 21, 2016 4:31pm
No trades for me today, and about still running positions - E/N survived the news and still + 156 ,while E/C + 102
Read 1st post , if you don't understand something , then , ask a question
  • #3,748
  • Sep 21, 2016 4:34pm Sep 21, 2016 4:34pm
Quoting aszain02
{quote} bk8, do u think is this a clean setup, against the trend
Not 100% confident...but looks fine. I do not like to copy same text again and again that we do not have any loser for last 3 weeks
  • #3,749
  • Sep 21, 2016 4:35pm Sep 21, 2016 4:35pm
Quoting temporal
{quote} Whats the rule on shorting UC today? It closed below SMA yesterday where it looked sideways.
The reason why I sold uc is:
Sma5 clearly gone through the closed candle. Close to upper bb, so there is space to run short.
But just wait. This is why I took it. The teachers are around, so they will come with a real explanation.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #3,750
  • Sep 21, 2016 4:35pm Sep 21, 2016 4:35pm
Buy-EU, Sell-UCd and Uchf. Thanks
  • #3,751
  • Sep 21, 2016 4:38pm Sep 21, 2016 4:38pm
made my first trade with the system USD/CAD sold @ 1.30876 two positions as per rules. I hope its' not loosing one
  • #3,752
  • Sep 21, 2016 4:38pm Sep 21, 2016 4:38pm
Quoting sitetalker
Hello Bk8, Please look into EurUsd Daily Closing Above 5 SMA and AudJpy Closing is Below SMA 5. Is this a correct setup to enter the trades in these two pairs ? EurUsd Buy and AudJpy Sell ? Please Explain
hello sitetalket,

EU is sideways, we could've taken risk if reversed from breaking lower BB. AJ is totally mess, so nothing to consider at all.
  • #3,753
  • Sep 21, 2016 4:40pm Sep 21, 2016 4:40pm
Quoting tomuks
made my first trade with the system USD/CAD sold @ 1.30876 two positions as per rules. I hope its' not loosing one
you did, now I am nervous
  • #3,754
  • Sep 21, 2016 4:40pm Sep 21, 2016 4:40pm
Today i opened USD/CHF and USD/CAD Short Positions ,

Previously Opened positions are running in good profit.
and im using demo account not live.

Thanks again Bk8 for the fantastic system
  • #3,755
  • Sep 21, 2016 4:44pm Sep 21, 2016 4:44pm
Quoting tomuks
made my first trade with the system USD/CAD sold @ 1.30876 two positions as per rules. I hope its' not loosing one
It'll be fine bra don't worry, hope you're using good money management.
  • #3,756
  • Sep 21, 2016 4:45pm Sep 21, 2016 4:45pm
Quoting Bk8
{quote} hello sitetalket, EU is sideways, we could've taken risk if reversed from breaking lower BB. AJ is totally mess, so nothing to consider at all.
There is a support on EU. Is still sideways, cant understand?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.Daily.png Size: 76 KB


Yesterday EURCHF totally messed setup, it was a sideways & become profitable.
I Win, I Lose, It's my Job... And I Love it!
  • #3,757
  • Sep 21, 2016 4:46pm Sep 21, 2016 4:46pm
75% in a month... Trading conservatively. The key thus far has been the large amount of pips ... Even though lots are low
  • #3,758
  • Sep 21, 2016 4:47pm Sep 21, 2016 4:47pm
Quoting hammadshahir
{quote} That's true. But we tend to avoid these entries which are already late. For example, tonight, USDCAD is late to enter now. Although some of our experienced traders enter trades early by judging PA. But at this thread, for newbies, we keep things simple and strictly ask them to follow the rules. Every night, we also share charts and discuss with each other. We eliminate weak setups. We trade in quality, not in quantity. Purpose of this thread is to give confidence to new FX traders to initiate a position regardless of emotions and hold positions...
  • #3,759
  • Sep 21, 2016 4:48pm Sep 21, 2016 4:48pm
Quoting Bk8
{quote} hello sitetalket, EU is sideways, we could've taken risk if reversed from breaking lower BB. AJ is totally mess, so nothing to consider at all.
please explain how we can determine weather the pair is in sideways ?
  • #3,760
  • Sep 21, 2016 4:52pm Sep 21, 2016 4:52pm
Quoting aszain02
{quote} well there is strong resistance after 30 pips, and usdcad is in up trend, well be careful going against the trend. Best of luck
zoomed out U/C on my chart......imo its not in a trend. its more sideways than an uptrend.
before the 2nd of May, that`s what I call a trend, not after.
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