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Monthly Profit - Daily Trading using SMA

  • #4,061
  • Sep 22, 2016 9:12pm Sep 22, 2016 9:12pm
New to this strategy. Testing with live account so far so good
  • #4,062
  • Sep 22, 2016 9:14pm Sep 22, 2016 9:14pm
Hello Bk8 and all the contributors here, you guys have been of great help to my trading this year, thank you for sharing this system. Started watching and trading this thread's system for 3 weeks now and have already recovered from my losses of 2 months and now in over 11% profit (over 1000 pips in two weeks to my greatest surprise, something I only dream of). Your style of teaching is also inspiring too, always patient, calm, kind and welcoming questions, both from old and very new traders. Such patience is rear in other trading threads. Here everyone is willing to help others thanks men!
Not made a losing trade yet since I started trading this system and the two losers I have(on the 14th & 15th) were not even from trading this method, can't help but stick around, now I'm excited with trading. So thank you and God bless you.
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  • #4,063
  • Sep 22, 2016 9:27pm Sep 22, 2016 9:27pm
Quoting Holy pips
Hello Bk8 and all the contributors here, you guys have been of great help to my trading this year, thank you for sharing this system. Started watching and trading this thread's system for 3 weeks now and have already recovered from my losses of 2 months and now in over 11% profit (over 1000 pips in two weeks to my greatest surprise, something I only dream of). Your style of teaching is also inspiring too, always patient, calm, kind and welcoming questions, both from old and very new traders. Such patience is rear in other trading threads....
Wow... thanks very much for sharing, it will certainly inspire new traders. God bless you!
  • #4,064
  • Sep 22, 2016 9:29pm Sep 22, 2016 9:29pm
Quoting Bk8
{quote} You are right BP... something went wrong, Actually my H1 EA also takes position and keeps modifying SL every hour so that could be the reason all others, please ignore this post {image}
Thanks for the clarification BK8. Was just making sure I didn't miss some kind of change.
  • #4,065
  • Sep 22, 2016 9:34pm Sep 22, 2016 9:34pm
Quoting BuffaloPat
{quote} Thanks for the clarification BK8. Was just making sure I didn't miss some kind of change.
Sure, your post helped me to get rid of my annoying H1 EA
  • #4,066
  • Sep 22, 2016 9:35pm Sep 22, 2016 9:35pm
Quoting Shaun24
{quote} My explanation. correct me if i am wrong please Enter on purple SMA cross {image} Day 2 we move SL to 15 under previous candle.. Day 3 candles tail stops out the trade. {image}
@Shuan & Others:
1. Stop Loss is +/- 10/15 pips below/above previous candle (buy/sell)

2. Move SL below/above next PROFIT candle +/- 10/15 pips: BUT if next profit candle is small, do not move SL,wait till the next profit candle before you move SL accoringly.

I have read it in this thread, mentioned by BK8 himself, also I study every chart he posts and understand what he does through the explanation he has given to people who asked why he did what.

I advice everyone who has not done so to READ the entire thread taking note of questions asked by people and answers given by BK8, Yonnie, and the remaining major contributors. This trading style is too simple to get people confused but because we don't like to read we get stuck.

So that long wick on the A/N trade wouldn't have threatened your SL talk less of hitting you out.
Happy Trading.

Kudos once again to our Inventor, BK8.
Thank you Sir.
  • #4,067
  • Sep 22, 2016 9:36pm Sep 22, 2016 9:36pm
Quoting Holy pips
Hello Bk8 and all the contributors here, you guys have been of great help to my trading this year, thank you for sharing this system. Started watching and trading this thread's system for 3 weeks now and have already recovered from my losses of 2 months and now in over 11% profit (over 1000 pips in two weeks to my greatest surprise, something I only dream of). Your style of teaching is also inspiring too, always patient, calm, kind and welcoming questions, both from old and very new traders. Such patience is rear in other trading threads....
I'll second Bk8's comment.
I was almost at the point of giving up. It seemed that all the "systems" with their conglomeration of indicators and rules just seemed to be confusing and in a lot of cases contradictory.
Now - just a little thought and application of some easy rules applied to an extremely easy method, I AM EXCITED!

Cannot thank you enough Bk8 (fellow Aussie perhaps) and also the other experienced traders who have help me and other new traders.
Thank you.
  • #4,068
  • Sep 22, 2016 9:48pm Sep 22, 2016 9:48pm
Hello Everyone: I just discovered this thread and thanks to Bk8 and All!
What do you think of Selling USDTRY based on the rules? is it good one? The reason is to be sure that I understand very well the strategy.
  • #4,069
  • Sep 22, 2016 10:01pm Sep 22, 2016 10:01pm
Quoting Fadhl
Hello Everyone: I just discovered this thread and thanks to Bk8 and All! What do you think of Selling USDTRY based on the rules? is it good one? The reason is to be sure that I understand very well the strategy.
Hi Fadhl,
Entry now would be a day late. Watch it - see how it pans out.
I would leave it be - there are always more trades ahead.
Cheers
  • #4,070
  • Sep 22, 2016 10:23pm Sep 22, 2016 10:23pm
Hi, I just started following this thread/strategy. Great stuff! One question: Is the MA 5,3(shift of 3) or 5,0 because I've noticed that some people's entries are based on 5,0 and I thought it was supposed to be 5,3.
  • #4,071
  • Sep 22, 2016 10:49pm Sep 22, 2016 10:49pm
My entries are as follow :
Long GBPJPY , GBPNZD, GBPAUD, GBPUSD, CADJPY, USDJPY
Short Silver, Gold, USDCAD, GBPCAD, EURCAD, EURGBP, EURUSD
  • #4,072
  • Sep 22, 2016 10:51pm Sep 22, 2016 10:51pm
goldgirl
Quote
My entries are as follow :
Long GBPJPY , GBPNZD, GBPAUD, GBPUSD, CADJPY, USDJPY
Short Silver, Gold, USDCAD, GBPCAD, EURCAD, EURGBP, EURUSD
what't enytry pair only post bye sell?
  • #4,073
  • Sep 22, 2016 10:55pm Sep 22, 2016 10:55pm
Quoting SilverLurker
Hi, I just started following this thread/strategy. Great stuff! One question: Is the MA 5,3(shift of 3) or 5,0 because I've noticed that some people's entries are based on 5,0 and I thought it was supposed to be 5,3.
Did you start from Post #1? Because if you did, you would discover that it's SMA5, Shift 0. Please go and read that post, carefully.
  • #4,074
  • Sep 22, 2016 11:10pm Sep 22, 2016 11:10pm
Quoting Bk8
{quote} Todays Setup Long GBP/NZD
Hi Bk8 and All: I don't know why I couldn't see this setup (long GBPNZD) with SMA (5,3) but I could see it with SMA (5,-3)? Any explanation?
  • #4,075
  • Sep 22, 2016 11:10pm Sep 22, 2016 11:10pm
Quoting Heelfan23
{quote} I too took this trade yesterday, coming off the highest high that the pair has made since 2014, but didn't hold price. This created a shooting star, that had a little follow through yesterday. I added these reasons to the divergence on the daily, and weekly TF. I then added those factors to the Bk8 system, gave me great confidence in shorting this pair. When everything lines up, we must trade!!! Result as of now, +65 pips.
Just to add Heelfan it was at monthly resistance, now at + 100,
  • #4,076
  • Sep 22, 2016 11:15pm Sep 22, 2016 11:15pm
Quoting Fadhl
{quote} Hi Bk8 and All: I don't know why I couldn't see this setup (long GBPNZD) with SMA (5,3) but I could see it with SMA (5,-3)? Any explanation?
The explanation is - you could just about set the SMA to any shift value to show what you want it to show.
The fact is we use shift 0 in the strategy. That's it.
Cheers
  • #4,077
  • Sep 22, 2016 11:44pm Sep 22, 2016 11:44pm
Quoting saranga
goldgirl {quote} what't enytry pair only post bye sell?
My entry is according to Bk system. Most pair entries are at SMA 5 candle crossing point.
  • #4,078
  • Sep 22, 2016 11:48pm Sep 22, 2016 11:48pm
Dear bk8
With your strategy. I have reached 100% live account with 100 usd. Thanks bk8 so much... Love BK8 strategy ha ha
  • #4,079
  • Sep 23, 2016 12:22am Sep 23, 2016 12:22am
Quoting goldgirl
My entries are as follow : Long GBPJPY , GBPNZD, GBPAUD, GBPUSD, CADJPY, USDJPY Short Silver, Gold, USDCAD, GBPCAD, EURCAD, EURGBP, EURUSD
Are they all new entries?
  • #4,080
  • Sep 23, 2016 12:23am Sep 23, 2016 12:23am
Dear all,

should we have 2 threads? One is clearly post strategy and results. Other is all newbies to post any questions and this and that?
When anyone reply this, i will remove this post to keep e post lesser...
Newbie Noob Trading
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