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Monthly Profit - Daily Trading using SMA

  • #4,101
  • Sep 23, 2016 4:38am Sep 23, 2016 4:38am
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.
Good Morning..

Please see below, I tried to explain please let me know if you need more details

http://www.forexfactory.com/showthre...05#post9156305
  • #4,102
  • Sep 23, 2016 4:46am Sep 23, 2016 4:46am
Quoting Bk8
{quote} All, Setups from last week (Still Profitable) G/A +500 Pips!!! G/CHF + 250 Pips!! A/U + 130 Pips E/N + 35 Pips (Closed) N/U + 30 Pips (Closed) EUR/CHF +60 Pips Setups from Sunday A/CHF +65 Pips E/CAD + 100 Pips E/AUD +230 Pips!! Setup from Wednesday USD/CAD + 60 Pips Todays Setup Long GBP/NZD Short NZD/CAD So far we have only one loser in last 3 weeks!!! Thank you very much for your support. Enjoy your profits and keep running second positions since you are not going to lose anything from these setups.
Thank you so much for this! With the second position, do you place SL to BE once the first position has reached TP?
  • #4,103
  • Sep 23, 2016 4:48am Sep 23, 2016 4:48am
Quoting Bk8
{quote} Good Morning.. Please see below, I tried to explain please let me know if you need more details http://www.forexfactory.com/showthre...05#post9156305
As usual very gentle BK8.
I think that if you can explain briefly day by day WHY YOU TAKE AND WHY YOU DON'T TAKE A POSITION and most importantly HOW AND WHEN YOU PLACE OR MOVE SL AND TP this would be very helpfull for all of us.

just my 2 cents
  • #4,104
  • Sep 23, 2016 4:50am Sep 23, 2016 4:50am
Quoting shimmering
{quote} Thank you so much for this! With the second position, do you place SL to BE once the first position has reached TP?
You are welcome, yes we do.. also we recomend to close first position after D1 close if profitable and did not trigger TP same day.
  • #4,105
  • Sep 23, 2016 4:52am Sep 23, 2016 4:52am
Quoting yonnie
which one? what`s the catch? giant spread?
Nope spread is okay too, It is normal serious broker, I donīt get it why a lot of people opening accounts at brokers that are not regulated and have bad spreads and swaps , protection against negative balance and another thigs.

It is your money that you put into broker accounts, it is something like you open another bank account and I guess everyone choose really carefully wich bank he put money in, it should be same with broker
  • #4,106
  • Sep 23, 2016 4:55am Sep 23, 2016 4:55am
Quoting lucariga
{quote} As usual very gentle BK8. I think that if you can explain briefly day by day WHY YOU TAKE AND WHY YOU DON'T TAKE A POSITION and most importantly HOW AND WHEN YOU PLACE OR MOVE SL AND TP this would be very helpfull for all of us. just my 2 cents
I wish I can but I will try my best. I have full time job so I am not able to spend much time.
  • #4,107
  • Sep 23, 2016 4:57am Sep 23, 2016 4:57am
Great performance from N/C so far
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  • #4,108
  • Sep 23, 2016 4:58am Sep 23, 2016 4:58am
G/N is also moving now
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  • #4,109
  • Sep 23, 2016 5:00am Sep 23, 2016 5:00am
G/CHF is back
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  • #4,110
  • Sep 23, 2016 5:12am Sep 23, 2016 5:12am
Quoting Bk8
G/N is also moving now {image}
Dear Bk8,

I have to say nice performance that you didnīt picku up from yesterday SMA crosses GBP/USD and EUR/GBP both seems like loosers right now, but I am still confused why you didnīt pick them I read whole answers but it doesnīt seems that these two pairs were in choppy condition.

Thank you.
  • #4,111
  • Sep 23, 2016 5:21am Sep 23, 2016 5:21am
Why no body is talking about gbp/usd and eur/gbp that you were suggesting last nigh . Or yo ignore the losing positions to make any new comer blind ?
The Market is always right
  • #4,112
  • Sep 23, 2016 5:28am Sep 23, 2016 5:28am
Quoting UAEtraderS
Why no body is talking about gbp/usd and eur/gbp that you were suggesting last nigh . Or yo ignore the losing positions to make any new comer blind ?
Dont know who you are referring to, i came out of the GBP in profit, EU GBP looks good to me at the moment, reason i came out is Brexit Talks are back in the news again, and anyway the trade is still running so what do you want people to say to you
  • #4,113
  • Sep 23, 2016 5:35am Sep 23, 2016 5:35am
Quoting UAEtraderS
Why no body is talking about gbp/usd and eur/gbp that you were suggesting last nigh . Or yo ignore the losing positions to make any new comer blind ?
Who took these positions they are on their own risk, no one forces you to trade
Do not take this great thread as a suggestion, ​learn from it
  • #4,114
  • Sep 23, 2016 5:38am Sep 23, 2016 5:38am
My trades from yesterday and last night so far:
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Human beings are members of a whole, In creation of one essence and sol.
  • #4,115
  • Sep 23, 2016 5:41am Sep 23, 2016 5:41am
Quoting UAEtraderS
Why no body is talking about gbp/usd and eur/gbp that you were suggesting last nigh . Or yo ignore the losing positions to make any new comer blind ?
Incase you missed, please see below

http://www.forexfactory.com/showthre...89#post9156289
  • #4,116
  • Sep 23, 2016 5:45am Sep 23, 2016 5:45am
G/A 630 pips profit so far
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  • #4,117
  • Sep 23, 2016 5:47am Sep 23, 2016 5:47am
Quoting MrRijk
My trades from yesterday and last night so far: {image}
Thanks but why you took NZD/CAD so late?
  • #4,118
  • Sep 23, 2016 5:49am Sep 23, 2016 5:49am
Ouch!!! I'm am literally getting POUNDED, pun is intended!!!! GBP kicking my rear this morning. Prime example to be careful on over-exposure to a currency. I am lucky, I basically have this hedged. I am still holding the remainder my GPBAUD short, which is up over 620 pips by the way. Gbpusd sl hit, but I did TP yesterday morning on 1st position up around 60-70 pips, trade basically BE. THIS WAS NOT I Bk8 RECOMMENDED TRADE!!!! I took this on my own, as well as Eurgbp, which is very close to being stopped. I see there are a few that are very overloaded on certain currencies. This was one of the reasons I posted GBPNZD was probably a pass for me, too much GBP exposure. Be careful, you can kill an account quickly this way. I took the extra exposure, because I was running a very successful GBP trade the opposite direction (expecting it to get stopped, and the others to become profitable). Anyway, prime example of Money Management. It is the most important thing to preserve your trading account!! Maybe I too, should just stick with the Bk8 daily specials. I hope this helps some newer traders.
Good luck, and happy trading!
  • #4,119
  • Edited 6:07am Sep 23, 2016 5:54am | Edited 6:07am
Quoting Bk8
{quote} Thanks but why you took NZD/CAD so late?
Hi BK8;
i was curious , just experimenting this one i have to add , i know that late entry is against the rule but at the same time i wanted to see if you enter a trade late is there still any chance to catch up some pips or not, sorry about that.
Human beings are members of a whole, In creation of one essence and sol.
  • #4,120
  • Sep 23, 2016 5:59am Sep 23, 2016 5:59am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting CoolRain
{quote} 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? {image}
It looks right to me but I would wait until the candle penetrates more the SMA5. In fact, you need to wait until the current candle closes to open your trade because yesterday's candle is still touching the BB
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