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Monthly Profit - Daily Trading using SMA

  • #3,881
  • Sep 22, 2016 7:04am Sep 22, 2016 7:04am
Quoting umairsheikh2
{quote} Thanks for the advice, I have keep eyes on setups! But just want to learn for breakeven rule. When we will set breakeven when candle close or reaching after few pips? Regards. Umee
As per experince from last 3 weeks, it seems we will never lose so worst case would trigger SL.. so let it do.. we will be profitable end of the month.. thats our goal.
  • #3,882
  • Sep 22, 2016 7:06am Sep 22, 2016 7:06am
Quoting lucariga
{quote} Sorry for my bad english, I meant, why we have entered today on USDCAD? Shouldn't we entered yesterday? {image}
It was a bit sideways during interest rate decision and after rate decision, price dropped.

Purely technical point of view, candle didn't close yesterday night below SMA5. So setup was weak.

I entered my self early but again, we are here to give you stress-free system.
  • #3,883
  • Sep 22, 2016 7:07am Sep 22, 2016 7:07am
Quoting Bk8
{quote} As per experince from last 3 weeks, it seems we will never lose so worst case would trigger SL.. so let it do.. we will be profitable end of the month.. thats our goal.
Good job boss
Newbie Noob Trading
  • #3,884
  • Sep 22, 2016 7:09am Sep 22, 2016 7:09am
Quoting hammadshahir
{quote} Yes, it's a late entry. About to hit our first profit target and many have booked first profit target.
Yes, I've seen the trade is going very well, but I just want to clarify if I'm understanding the rules.
As per the rules USDCAD of today is a LATE ENTRY and we shouldn't take it. Am I right?
  • #3,885
  • Sep 22, 2016 7:10am Sep 22, 2016 7:10am
Quoting lucariga
{quote} Sorry for my bad english, I meant, why we have entered today on USDCAD? Shouldn't we entered yesterday? {image}
luca - it could have been the day before that and the day before that BUT in all cases there was not a clear cross and close below the 5sma -- but in reality because of the time differences and how we mostly see charts differently you could have entered or not. Yesterday was a clear cross and close below the 5 sma. Just my observation.
  • #3,886
  • Sep 22, 2016 7:13am Sep 22, 2016 7:13am
Quoting tomthepoppop
{quote} luca - it could have been the day before that and the day before that BUT in all cases there was not a clear cross and close below the 5sma -- but in reality because of the time differences and how we mostly see charts differently you could have entered or not. Yesterday was a clear cross and close below the 5 sma. Just my observation.
Thanks a lot. But LATE ENTRY aren't allowed for the rules. Am I right? Just to make sure to have understanded the rules.

I mean, if the cross is not good, or the candle barely crosses the SMA, should we wait the next candle to enter or we have to avoid the trade?
  • #3,887
  • Sep 22, 2016 7:23am Sep 22, 2016 7:23am
cad/jpy
eur/usd
gbp/usd

crossed sma 5. anyone watching this? anyone already taken a position?
  • #3,888
  • Sep 22, 2016 7:24am Sep 22, 2016 7:24am
Setups for today.My charts are based on Oanda GMT -5.So I based my setup based on my charts.My opinion is that setup your orders based on what you see on the chart and just refer posts by reputated members on this thread like Bk8 fxflux and a few more if you did read this thread whole.
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  • #3,889
  • Sep 22, 2016 7:25am Sep 22, 2016 7:25am
hey bk8 i follow now 1month trading start now 2 week thi's best method 95% entry take our.........
thank u share method now is now tension this method
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  • #3,890
  • Sep 22, 2016 7:28am Sep 22, 2016 7:28am
Quoting agiluz31
cad/jpy eur/usd gbp/usd crossed sma 5. anyone watching this? anyone already taken a position?
I think we need to enter after the candle close.
  • #3,891
  • Sep 22, 2016 7:36am Sep 22, 2016 7:36am
Quoting isaacyip007
Setups for today.My charts are based on Oanda GMT -5.So I based my setup based on my charts.My opinion is that setup your orders based on what you see on the chart and just refer posts by reputated members on this thread like Bk8 fxflux and a few more if you did read this thread whole. {image}
Hi Isaac
my charts are the same as yours, i posted the entry early this morning, NZ CAD, did you not spot that entry, if i may suggest to all, please post as soon as you enter if possible so that others can take advantage if they want to
  • #3,892
  • Sep 22, 2016 7:37am Sep 22, 2016 7:37am
Update position from yesterday trade :

EURUSD +43.

WTI +132, SL already moved below yesterday's low. (Anyboday catch this one too?)

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  • #3,893
  • Sep 22, 2016 7:40am Sep 22, 2016 7:40am
Quoting mario777
{quote} I think we need to enter after the candle close.
It is my understanding that EVERTHING is based on candle close. BK might want to clarify the rules on page 1 since there seems to be some confusion. That said, not all brokers are on the same candle close time. BK uses candle close at 5EST (NY Closing). No doubt entries can be slightly different depending on when your brokers daily candle closes.
  • #3,894
  • Sep 22, 2016 7:42am Sep 22, 2016 7:42am
Quoting mario777
{quote} I think we need to enter after the candle close.
yeah you're correct. plus e/u and g/u looks sideways..
  • #3,895
  • Sep 22, 2016 7:47am Sep 22, 2016 7:47am
A/J interesting for the end of the day
  • #3,896
  • Sep 22, 2016 7:53am Sep 22, 2016 7:53am
Quoting ranger_lp
I whipped up a dashboard that shows the close price distance in pips from SMA5 over the last 4 days. Nice to look at for a quick glance...handles symbols with suffixes also.

thank you sir for sharing this dashboard.
  • #3,897
  • Sep 22, 2016 8:04am Sep 22, 2016 8:04am
Quoting agiluz31
cad/jpy eur/usd gbp/usd crossed sma 5. anyone watching this? anyone already taken a position?
Hi !
I'm in the EURUSD Buy trade with 40 pips profit so far...
  • #3,898
  • Sep 22, 2016 8:05am Sep 22, 2016 8:05am
I CAME couple of days ago to this thread, I SAW the potential in the strategy shared by BK8 and so far I CONQUERED 100+ pips .... BK8 and all the others are contributing well here... seems like forex charity work... and a load of volunteers sharing profits....
  • #3,899
  • Sep 22, 2016 8:07am Sep 22, 2016 8:07am
Quoting iuforex
{quote} It is my understanding that EVERTHING is based on candle close. BK might want to clarify the rules on page 1 since there seems to be some confusion. That said, not all brokers are on the same candle close time. BK uses candle close at 5EST (NY Closing). No doubt entries can be slightly different depending on when your brokers daily candle closes.
The Rules on page 1 are very clear, if someone does not understand this system i hope they are not trading live, if anyone has a problem start from page 1 and read the whole thread, really in all my years i have never come across anything so simple, yet we keep getting bombarded with the same questions, come on guys, put some effort in, BK8 has done enough
  • #3,900
  • Sep 22, 2016 8:08am Sep 22, 2016 8:08am
This is my first post on FF and this thread too. I just want say thank you BK8, you and other are so kind to share your knowledge and experiences here. I open the first trading with your system right after I finish reading whole the thread. My 2 EURCAD from Monday did so well and my first TP with +115 pip and the second one still running with +130pip. sorry if I mess the thread but just want to thank you a lot.
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