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Monthly Profit - Daily Trading using SMA

  • #3,901
  • Sep 22, 2016 8:08am Sep 22, 2016 8:08am
Quoting agiluz31
cad/jpy eur/usd gbp/usd crossed sma 5. anyone watching this? anyone already taken a position?
waiting for the candle to close above SMA5 but itchy hands and the weekend are tempting me to take positions....
  • #3,902
  • Sep 22, 2016 8:11am Sep 22, 2016 8:11am
So , the E/N went up Today +175 and hit the BE , the second one E/C is still in date and has +120..
Read 1st post , if you don't understand something , then , ask a question
  • #3,903
  • Sep 22, 2016 8:17am Sep 22, 2016 8:17am
Quoting MhafizFX
Hi , I'm newbie here and interested in the way you trade , may I know if you put the minimum and maximum stop loss for each entry ? or depends on last high low candle?
Click me and read along.
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  • #3,904
  • Sep 22, 2016 8:37am Sep 22, 2016 8:37am
Monoghan...

I agree....over and over and over same questions!!! Enough!!
  • #3,905
  • Sep 22, 2016 8:57am Sep 22, 2016 8:57am
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. {image} {file}
Ranger, could you please code and option into the indicator which will allow us to choose the different corners on the chart.
Sitting to the left as you have it, it is obscured mostly.

Thank you in advance.
Hercs
  • #3,906
  • Sep 22, 2016 9:03am Sep 22, 2016 9:03am
Quoting agiluz31
cad/jpy eur/usd gbp/usd crossed sma 5. anyone watching this? anyone already taken a position?
Better and safer to wait till close of market-10pm UK time, for clearer picture to unfold. Anything can still happen between now and 10pm. For others that are watching these instruments, please do remember- patience is a virtue.
  • #3,907
  • Edited 9:49am Sep 22, 2016 9:15am | Edited 9:49am
[quote=bobhowson;9155421]{quote} Hi ! I'm in the EURUSD Buy trade with 40 pips profit so far...[?

I see what you mean, you entered quite a while ago, when I did, but I closed mine, to my peril!
  • #3,908
  • Sep 22, 2016 9:20am Sep 22, 2016 9:20am
Quoting bobhowson
{quote} Hi ! I'm in the EURUSD Buy trade with 40 pips profit so far...
I am also in...

I have closed my first position!
I Win, I Lose, It's my Job... And I Love it!
  • #3,909
  • Sep 22, 2016 9:33am Sep 22, 2016 9:33am
Quoting monaghan
{quote} 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
Let Market Tell You
  • #3,910
  • Edited 10:02am Sep 22, 2016 9:38am | Edited 10:02am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting Bk8
{quote} Candle body, any part is fine
OK, thanks. That is an important precision: ANY PART OF THE BODY and not the WICK must cross the SMA 5
  • #3,911
  • Sep 22, 2016 9:41am Sep 22, 2016 9:41am
Hi All,
With all respect for everybody specially BK8, i have to say that we dont need any indicator at all .! Why in God's name would you change a simple and profitable strategy to a complicated one?! Why can't you deal with it , keep it simple and do some effort and study and by the end you will be profitable .
again i dont wanna insult or hurt someone, just keep it simple, thank you all.
Human beings are members of a whole, In creation of one essence and sol.
  • #3,912
  • Sep 22, 2016 9:50am Sep 22, 2016 9:50am
Quoting MrRijk
Hi All, With all respect for everybody specially BK8, i have to say that we dont need any indicator at all .! Why in God's name would you change a simple and profitable strategy to a complicated one?! Why can't you deal with it , keep it simple and do some effort and study and by the end you will be profitable . again i dont wanna insult or hurt someone, just keep it simple, thank you all.
Well technically, SMA is an indicator. We need just that one indicator
  • #3,913
  • Sep 22, 2016 9:53am Sep 22, 2016 9:53am
Quoting MrRijk
Hi All, With all respect for everybody specially BK8, i have to say that we dont need any indicator at all .! Why in God's name would you change a simple and profitable strategy to a complicated one?! Why can't you deal with it , keep it simple and do some effort and study and by the end you will be profitable . again i dont wanna insult or hurt someone, just keep it simple, thank you all.
  • #3,914
  • Sep 22, 2016 9:54am Sep 22, 2016 9:54am
Quoting Javforex
{quote} Well technically, SMA is an indicator. We need just that one indicator
Ah.. , You know what i mean.! Right
Human beings are members of a whole, In creation of one essence and sol.
  • #3,915
  • Sep 22, 2016 9:56am Sep 22, 2016 9:56am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
[quote=hammadshahir;9155276]{quote} 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.

Hi, hammadshahir, why do you say that the usdcad candle did not close yesterday below SMA 5? My chart clearly says that it did.
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  • #3,916
  • Sep 22, 2016 10:14am Sep 22, 2016 10:14am
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...
Well said, sir.
  • #3,917
  • Sep 22, 2016 10:17am Sep 22, 2016 10:17am
Quoting monaghan
Morning All Long GBP Short NZ CAD {image} {image}
GBP from Entry is + 50 and NZ CAD +78 so far, its the entry's i would like the new guys to look at and candle patterns, which is just a bonus
  • #3,918
  • Sep 22, 2016 10:27am Sep 22, 2016 10:27am
Quoting monaghan
{quote} GBP from Entry is + 50 and NZ CAD +78 so far, its the entry's i would like the new guys to look at and candle patterns, which is just a bonus
Please tell me what time zone are you in and what time did you enter ?
  • #3,919
  • Sep 22, 2016 10:30am Sep 22, 2016 10:30am
Quoting monaghan
{quote} 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
Hahahaa I didn't enter all the setup as my account can only take 5 0.01 lots.Its a micro and small account plus Im a newb~.But so far my track record is in positives thanks to Bk8 strategy.I can even post my growth on this account starting from learning how to trade using live account to using Bk8 strategy improvement.Good luck to green pips!
  • #3,920
  • Edited 10:45am Sep 22, 2016 10:33am | Edited 10:45am
Quoting Hercs
{quote} Ranger, could you please code and option into the indicator which will allow us to choose the different corners on the chart. Sitting to the left as you have it, it is obscured mostly. Thank you in advance.
Hi Hercs....I'll take a look at that...but what I do is create a chart with a blank template and put the indicator on there.

Edit: here's a version with corner (0-3). Did this in a hurry....I think it works ok....

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