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Monthly Profit - Daily Trading using SMA

  • #4,081
  • Sep 23, 2016 1:32am Sep 23, 2016 1:32am
Quoting Smurfy
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...
This idea already suggested before. Maybe Bk8 forget about it, because there's no follow through.
Anyway, I support it. +1 from me.
  • #4,082
  • Sep 23, 2016 1:35am Sep 23, 2016 1:35am
Quoting goldgirl
My entries are as follow : Long GBPJPY , GBPNZD, GBPAUD, GBPUSD, CADJPY, USDJPY Short Silver, Gold, USDCAD, GBPCAD, EURCAD, EURGBP, EURUSD

Weird. According to my chart, u shld be LONG Gold for e.g. Silver as well and some others.
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  • #4,083
  • Sep 23, 2016 1:36am Sep 23, 2016 1:36am
Quoting goldgirl
My entries are as follow : Long GBPJPY , GBPNZD, GBPAUD, GBPUSD, CADJPY, USDJPY Short Silver, Gold, USDCAD, GBPCAD, EURCAD, EURGBP, EURUSD
how come you entry long for those all JPY pairs? would you mind give screenshot one of your entry on JPY?
Every success took years of patience
  • #4,084
  • Sep 23, 2016 2:07am Sep 23, 2016 2:07am
Quoting goldgirl
My entries are as follow : Long GBPJPY , GBPNZD, GBPAUD, GBPUSD, CADJPY, USDJPY Short Silver, Gold, USDCAD, GBPCAD, EURCAD, EURGBP, EURUSD
Indeed, Goldgirl, interesting (confusing) entries
GBPJPY no cross on my chart
GBPAUD long when?? no cross
USDJPY no cross

Silver and Gold, short when?
​EURUSD short when?
  • #4,085
  • Sep 23, 2016 2:34am Sep 23, 2016 2:34am
Quoting RapzyFX
{quote} @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...
Thank you Rapzy,

I did interrupt the SL move as the trade being in profit, move SL. The correct way seems to be the SL needs to be in profit.
Will try this next week and see how i go.
I have been stopped out a few times due to moving stops
  • #4,086
  • Sep 23, 2016 2:51am Sep 23, 2016 2:51am
Quoting suirad0
{quote} Indeed, Goldgirl, interesting (confusing) entries GBPJPY no cross on my chart GBPAUD long when?? no cross USDJPY no cross Silver and Gold, short when? ​EURUSD short when?
Guys and Girl's
Gold Girl may be on a different Broker time zone from you, really i would not personally worry or be concerned with other peoples entry's other than BK8, Ghibli, Yonnie, and a few others who have been around from the beginning, if you stick to BK8'S rules on page 1 thats all you need, BK8 once again all your good work is truly appreciated
  • #4,087
  • Sep 23, 2016 2:53am Sep 23, 2016 2:53am
Hey BK8, can you share how you pick your trades if you don't mind. For example, why didn't you take EUR/GBP yesterday or CAD/JPY?
  • #4,088
  • Sep 23, 2016 3:19am Sep 23, 2016 3:19am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts | Online Now
Curiosity: Has anybody tried to apply this same strategy to any stock or index in particular?

I have seen oil and gold but nos stocks.

Thanks!
  • #4,089
  • Sep 23, 2016 3:29am Sep 23, 2016 3:29am
Quoting jmmn
Curiosity: Has anybody tried to apply this same strategy to any stock or index in particular? I have seen oil and gold but nos stocks. Thanks!
I trade futures on FTSE, AUS200, Nasdaq etc. and apply Bk8`s system.
also softs, metals, meats - anything that moves really
these instruments are not influenced so much by the daily torrent of news coming out as forex.
  • #4,090
  • Sep 23, 2016 3:38am Sep 23, 2016 3:38am
Quoting yonnie
{quote} I trade futures on FTSE, AUS200, Nasdaq etc. and apply Bk8`s system. also softs, metals, meats - anything that moves really these instruments are not influenced so much by the daily torrent of news coming out as forex.
I'd like to expand what I trade. Can you share some of your experiences with these?
So many in the Commercial section want to make me rich! :o
  • #4,091
  • Sep 23, 2016 3:50am Sep 23, 2016 3:50am
Quoting Shaun24
{quote} Thank you Rapzy, I did interrupt the SL move as the trade being in profit, move SL. The correct way seems to be the SL needs to be in profit. Will try this next week and see how i go. I have been stopped out a few times due to moving stops
  • #4,092
  • Edited 4:29am Sep 23, 2016 3:53am | Edited 4:29am
Quoting FX-Flux
{quote} I'd like to expand what I trade. Can you share some of your experiences with these?
you can start trading cfd`s with forex brokers, but they`re ripping you off on the swap charges.
some forex brokers do have futures contracts on equity idexes, some softs, metals, energy etc and the margin is about half charged by futures brokers like Interactive Brokers.
IB`s minimum is 1 contract, but with these forex brokers you can go as low as 0.01 contract of say Nasdaq and you would need US$ 20 for margin requirement I think.
the different starting times of these futures for trading can be a bit of a nightmare though.

mind you, no need to venture out into this area just for the hell of it.
better to be consistently profitable and have a decent amount of money before going in.
learn the ropes in forex with Bk8 first.
  • #4,093
  • Sep 23, 2016 3:54am Sep 23, 2016 3:54am
Quoting fuados
{file}
Hi, I was going through the thread and found this, and did not see any reference to it. I may have missed it. Could someone tell me what it is, do you use it and how to use it.
  • #4,094
  • Sep 23, 2016 3:59am Sep 23, 2016 3:59am
Quoting Shaun24
{quote} Thank you Rapzy, I did interrupt the SL move as the trade being in profit, move SL. The correct way seems to be the SL needs to be in profit. Will try this next week and see how i go. I have been stopped out a few times due to moving stops
I do the same thing, when the trade looks like it's Over Sold or Over Bought I move the SL to lock in the trade.
  • #4,095
  • Sep 23, 2016 4:01am Sep 23, 2016 4:01am
Quoting Monokl
{quote}
  • #4,096
  • Sep 23, 2016 4:15am Sep 23, 2016 4:15am
Quoting jmmn
Curiosity: Has anybody tried to apply this same strategy to any stock or index in particular? I have seen oil and gold but nos stocks. Thanks!
Hello jmmn I'm also wondering is that strategy works for other instrument not only forex?
Here I have found possible entry onshort in NATURAL GAS is it look right?
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Supply & Demand trading
  • #4,097
  • Sep 23, 2016 4:16am Sep 23, 2016 4:16am
Quoting yonnie
{quote} you can start trading cfd`s with forex brokers, but they`re ripping you off on the swap charges. some forex brokers do have futures contracts on equity idexes, some softs, metals, energy etc and the margin is about half charged by futures brokers like Interactive Brokers. IB`s minimum is 1 contract, but with these forex brokers you can go as low as 0.01 contract of say Nasdaq and you would need US$ 20 for margin requirement I think. the different starting times of these futures for trading can be a bit of a nightmare though. mind you, no...
I have CFD at my broker too and they are swap free
  • #4,098
  • Sep 23, 2016 4:17am Sep 23, 2016 4:17am
which one? what`s the catch? giant spread?
  • #4,099
  • Sep 23, 2016 4:20am Sep 23, 2016 4:20am
Quoting arham97
Hey BK8, can you share how you pick your trades if you don't mind. For example, why didn't you take EUR/GBP yesterday or CAD/JPY?
This would be really really REALLY helpful for everyone I think.... and if is not too much even the TP AND SL (how and when you move it) just for few days.
  • #4,100
  • Sep 23, 2016 4:31am Sep 23, 2016 4:31am
Quoting lucariga
{quote} This would be really really REALLY helpful for everyone I think.... and if is not too much even the TP AND SL (how and when you move it) just for few days.
Yes just so we don't have to be dipendent on bk8 and we can learn how to filter trades
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