Monthly Profit - Daily Trading using SMA | Page 191 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #3,801
  • Sep 21, 2016 5:30pm Sep 21, 2016 5:30pm
Awsome, Thanks very much for your feedback Kenzz!

Quoting kenzz
Bk8, This is quite an impressive method so far and I have looked a quite a few over the years. I'm sharing a list of my open trades to encourage others. I have about 1800 or so pips in open positions, with nothing underwater. All trades shown are your system. I'm not taking profits. I'm trying to let winners run by trailing stops. Thanks for your method and your continuing effort to help others.{image}
  • #3,802
  • Sep 21, 2016 5:36pm Sep 21, 2016 5:36pm
Quoting saranga
Bk8 dr ur not use strong S\L leval look uc good stong rest i told 3.547 post i am not hold yestaday focm news but ur method confim signal why u usdcad long bye think? {image}
I already took profit from first position of U/C and second position was running since 9/9 so I did not have anything to lose.
I prefer S&R for filtering good setups only, later I tend to forget everything once I take positions.. either setup will trigger stop loss or I will keep making pips until setup get tired and reverses.
  • #3,803
  • Sep 21, 2016 5:37pm Sep 21, 2016 5:37pm
Quoting josephkee
{quote} Master, Reason why I got out is I got some 300 piP's from this pair. A mistaKe here because after I got out, I realise there is alot more room upstairs. I could have let the profit run or could have trail my stops. I trade live and that is quite a lump sum for me. I am quite sure many of us do not wait for TP if we have profit enough pips. Thanks
I misunderstood, sorry about that.
  • #3,804
  • Sep 21, 2016 5:39pm Sep 21, 2016 5:39pm
Quote
I already took profit from first position of U/C and second position was running since 9/9 so I did not have anything to lose.
I prefer S&R for filtering good setups only, later I tend to forget everything once I take positions.. either setup will trigger stop loss or I will keep making pips until setup get tired and reverses.

good ur uc bye trad missing 120pip i am right?
  • #3,805
  • Sep 21, 2016 5:39pm Sep 21, 2016 5:39pm
Well said Heelfan23! thanks very much for your support!!
Quoting Heelfan23
The bottom line is, on any given trade you can probably find 10 reasons to take a trade, also 10 reasons to trade the other direction. Either you will follow the system the way it is intended, or you won't. We all trade at our own risk. The so called questionable trades, some will work, some won't, the same is so with the preferred trades. The ones that go in the direction that is wanted, we will here the I told you so, the trades that don't, we won't ever hear about again. One persons consolidation, the other could say it's about to break. One...
  • #3,806
  • Sep 21, 2016 5:45pm Sep 21, 2016 5:45pm
Quoting saranga
{quote} good ur uc bye trad missing 120pip i am right?
yes saranga earlier I could have made 325 pips but today end up with 200 pips profit. I prefer to have a hen to lay an golden egg everyday rather than kill hen for all eggs
  • #3,807
  • Sep 21, 2016 5:46pm Sep 21, 2016 5:46pm
Quoting arielcorp
{quote} Hi Josehkee, This whole strategy is based on daily TF only. Not only because it works but also requires only minutes a day to find and execute set ups. The rest of the day go fishing or golfing!! Cheers
I understand. That was told to us on the first post. But I stumbled on a thread that advocates 1 hr time frame with sma 5 crossover. I saw some of our active contributors in there. Not one But many. Not I was shock. Its not what we have been doing. Please go google on 1 hour daily profitable (some thing like that).?
Can Bk8 please comment saw your name there. Thank you
  • #3,808
  • Sep 21, 2016 5:49pm Sep 21, 2016 5:49pm
Hi
go google 'daily profit - 1 Hr trading using sma @forex factory".

Please everyone should do that now.

thanks
  • #3,809
  • Sep 21, 2016 5:52pm Sep 21, 2016 5:52pm
Hi josephkee,

As other contributors mentioned, I do not recommend lower timeframe less than D1
I created h1 just for fun who can not live without trading

I am still testing, it works during 5-11 Am EST only.. on average 60-70% chances..
I will ask FF admin to delete that thread if I do not find expected result in next 1-2 weeks

Quoting josephkee
{quote} I understand. That was told to us on the first post. But I stumbled on a thread that advocates 1 hr time frame with sma 5 crossover. I saw some of our active contributors in there. Not one But many. Not I was shock. Its not what we have been doing. Please go google on 1 hour daily profitable (some thing like that).? Can Bk8 please comment saw your name there. Thank you
  • #3,810
  • Sep 21, 2016 5:53pm Sep 21, 2016 5:53pm
Good morning everybody,

I see there's some argument whether EU is a good setup or not.
From SR & Fib view, here's what I'm looking at :
Attached Image (click to enlarge)
Click to Enlarge Name: 20160922 EURUSD D1 #SR.png Size: 20 KB

Price respected the SR Zone several times in the past & also on 50% Fib. Today candle closed as Bullish Engulfing.


(Bk8, if you not OK with this, tell me. I will delete this post)
  • #3,811
  • Sep 21, 2016 5:53pm Sep 21, 2016 5:53pm
Quoting Bk8
Well said Heelfan23! thanks very much for your support!! {quote}
No, thank you for such a wonderful gift! I am very lucky to have found your system, it makes my day much easier. It is difficult to go against what you have learned in the past. Just test it for yourselves, in demo of course. You will be pleasantly surprised!
  • #3,812
  • Sep 21, 2016 5:54pm Sep 21, 2016 5:54pm
Bk8 thanks for your reply.
Joseph
  • #3,813
  • Sep 21, 2016 5:55pm Sep 21, 2016 5:55pm
onarticus,

I set my initial stop basically per the rules then once the trade goes into profit I look to bring the stop down over a recent high (for shorts) where the price action went my way a decent amount. So it is subjective based on how the chart looks, not an automatic trail. I want to give the trade room to develop but also get my stop to near breakeven at a good time and then let her run the best i can manage by trailing at logical points. Depending on price action I may not move the stop for a few days. If the trade looks like it is stalling out after it is in profit I may tighten up the stop a bit hoping not to give back too much. If the trade does not go in my favor I wait, so I will either get stopped out at my initial stop or I will have an opportunity to move the stop if the market moves enough.

I just started trading multiples so I will try taking profits on 1/2 the total position and see how that goes.

This is a real easy system to trade, very low stress and low time requirement, thanks again Bk8.
  • #3,814
  • Sep 21, 2016 6:04pm Sep 21, 2016 6:04pm
Quoting Ghibli
No trades for me today, and about still running positions - E/N survived the news and still + 156 ,while E/C + 102
Mr Filip,

I understand why you did not take this position but for sake of helping other traders.. please push little bit using your magic to cross BB middle line
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 102 KB
  • #3,815
  • Sep 21, 2016 6:10pm Sep 21, 2016 6:10pm
Quoting Bk8
{quote} I already took profit from first position of U/C and second position was running since 9/9 so I did not have anything to lose. I prefer S&R for filtering good setups only, later I tend to forget everything once I take positions.. either setup will trigger stop loss or I will keep making pips until setup get tired and reverses.
good job. I should put a wrong take profit level... Was too tired yesterday... But a small gain thats all..
Newbie Noob Trading
  • #3,816
  • Sep 21, 2016 6:17pm Sep 21, 2016 6:17pm
usdindex

good sell
Attached Image (click to enlarge)
Click to Enlarge Name: Picture4.jpg Size: 174 KB
  • #3,817
  • Sep 21, 2016 6:22pm Sep 21, 2016 6:22pm
Quoting Bk8
{quote} Mr Filip, I understand why you did not take this position but for sake of helping other traders.. please push little bit using your magic to cross BB middle line {image}
haha Of course boss ! I will do my best to push the price down..actually we sale in the same boat , because I am also selling Cad the reaseon why I don't took this trade is below ,but I think it will go in your favour , just like after a while E/A did , so everything is gooood I have S/R just for viewing the situation, I like when I know that the price may bounce a little from some kinf of level.and thats it, but I am not opening positions and not opening because of S/R level only ..and with U/C and other pairs I am just waitnig for better signal in my opinion, besides still have runing quite well 2 positions

U/C
Attached Image (click to enlarge)
Click to Enlarge Name: uc.png Size: 40 KB


E/C
Attached Image (click to enlarge)
Click to Enlarge Name: ec.png Size: 30 KB


E/N
Attached Image
Read 1st post , if you don't understand something , then , ask a question
  • #3,818
  • Sep 21, 2016 6:28pm Sep 21, 2016 6:28pm
One week ago I think ,or so , I draw this S line and the price after few days just drop there and bounced ..so sometimes I would like to know where are these "devil " levels ..But the chart is clear and very transparent. From this I knew that at least 1st TP will do fine

NZD/CHF

Attached Image (click to enlarge)
Click to Enlarge Name: nch.png Size: 38 KB
Read 1st post , if you don't understand something , then , ask a question
  • #3,819
  • Sep 21, 2016 6:46pm Sep 21, 2016 6:46pm
Quoting Ghibli
{quote} haha Of course boss ! I will do my best to push the price down..actually we sale in the same boat , because I am also selling Cad the reaseon why I don't took this trade is below ,but I think it will go in your favour , just like after a while E/A did , so everything is gooood I have S/R just for viewing the situation, I like when I know that the price may bounce a little from some kinf of level.and thats it, but I am not opening positions and not opening because of S/R level only ..and with U/C and other pairs I am just...
Thank you Sir, I wanted to know your thoughts on these setups.
  • #3,820
  • Sep 21, 2016 6:55pm Sep 21, 2016 6:55pm
Quoting Bk8
{quote} Thank you Sir, I wanted to know your thoughts on these setups.
The pleasure is on my side, you have a genius mind . Good night to you boss and other traders
Read 1st post , if you don't understand something , then , ask a question
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