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Monthly Profit - Daily Trading using SMA

  • #4,201
  • Sep 23, 2016 12:38pm Sep 23, 2016 12:38pm
Quoting MrRijk
These are my psitions in progress . see you All on Sonday @ 23:00 Gmt +1. Have a nice weekend All {image}
CAD pairs are strongly affected by news this week.
  • #4,202
  • Sep 23, 2016 12:43pm Sep 23, 2016 12:43pm
Hi everyone , I Discovered this thread recently and today was my first day with the strategy. Here is the outcome :

1) EN (buy)- opened 2 positions. Closed at :
TP 1st : +80 pips
TP 2nd : +160 pips
2) NC(sell) - opened single position . Closed at :
TP : 50 pips
3) GU(buy) - SL hit : -90 pips
4) CJ(buy) - SL HIT : -60 pips
5) GN(buy) - Still ON at almost 0 pips change.

Overall In Profit as of now
Cheers ..
  • #4,203
  • Sep 23, 2016 12:57pm Sep 23, 2016 12:57pm
Quoting knullasomfan
{quote} Winners and losers from bk only imo. Other users should be able to figure out themself about what it went wrong in their trades...or compare. Keep in mind that I'm talking about picks not results of picks. Huge difference.

Gotcha. I was thinking results of picks.
I love forex. One day it will love me back.
  • #4,204
  • Sep 23, 2016 12:58pm Sep 23, 2016 12:58pm
Im up at the moment overall, but if everything goes against me all at once and all of my stops are hit i will be 6 pips up ha. Currently i have sadness towards USDCAD, GBPNZD recovered since my limit buy
So many in the Commercial section want to make me rich! :o
  • #4,205
  • Sep 23, 2016 2:40pm Sep 23, 2016 2:40pm
Quoting Bk8
All, Sorry to hear about some setups hit SL, that indicates that we need to have a consistent approach and hence you should follow official recommendations only Let me say again, we have only one loser in last 3 weeks, rest all are winners!!
No worries BK, it is all part of the learning. I am still in all the ones you recommended. Some have unfortunately pulled back so not in profit but they arent closed. I think today is a good example for new traders that Fridays in particular are incredibly unpredictable. A lot of the moves we saw today are very likely to flip at the beginning of next week.
  • #4,206
  • Sep 23, 2016 2:41pm Sep 23, 2016 2:41pm

Quoting BuffaloPat
{quote} No worries BK, it is all part of the learning. I am still in all the ones you recommended. Some have unfortunately pulled back so not in profit but they arent closed. I think today is a good example for new traders that Fridays in particular are incredibly unpredictable. A lot of the moves we saw today are very likely to flip at the beginning of next week.
I have oserve the same BuffaloPat
  • #4,207
  • Sep 23, 2016 2:48pm Sep 23, 2016 2:48pm
Quoting mizi123
{quote} I have oserve the same BuffaloPat
Unfortunately, we Americans tend to overreact to news. No real good reason that UC should flip (from a fundamentals standpoint) off of a missed CPI and Retail sales number. The more level-headed asians will come in next week and be like, "Crazy Americans, what were you thinking?"
  • #4,208
  • Sep 23, 2016 2:53pm Sep 23, 2016 2:53pm
Quoting BuffaloPat
{quote} Unfortunately, we Americans tend to overreact to news. No real good reason that UC should flip (from a fundamentals standpoint) off of a missed CPI and Retail sales number. The more level-headed asians will come in next week and be like, "Crazy Americans, what were you thinking?"
I think UC reacts to the oil meeting in Algeria.
  • #4,209
  • Sep 23, 2016 2:56pm Sep 23, 2016 2:56pm
Quoting BuffaloPat
{quote} Unfortunately, we Americans tend to overreact to news. No real good reason that UC should flip (from a fundamentals standpoint) off of a missed CPI and Retail sales number. The more level-headed asians will come in next week and be like, "Crazy Americans, what were you thinking?"
Also US debate is big news that has played all day long till election.
  • #4,210
  • Sep 23, 2016 3:10pm Sep 23, 2016 3:10pm
Hello everybody! What do you think about the setup eur/jpy for the next week?
Attached Image (click to enlarge)
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  • #4,211
  • Sep 23, 2016 3:13pm Sep 23, 2016 3:13pm
Cad prices were all over the place today, partly because of news. Mostly because Crude prices dropped from $46.50 to around $44.25. UC will generally have an inverse reaction to Crude prices. If Crude is going down UC will generally go up.
Here is I link to one of my charts with UC over laying USOIL, you can see the inverse correlation.

https://www.tradingview.com/x/SxFShuVh/
  • #4,212
  • Sep 23, 2016 3:19pm Sep 23, 2016 3:19pm
Quoting frx_trader
{quote} I think UC reacts to the oil meeting in Algeria.
The news was the catalyst. The UC reversed 80 Pips in under 5 minutes after the release of the retail and CPI number. Oil dropping probably just kept it down.
  • #4,213
  • Sep 23, 2016 3:23pm Sep 23, 2016 3:23pm
Quoting Filipo1
{quote} Bk8 , would you mind explaining us what you saw that dissuaded you from entering the trade please, like sideways price action or something?

Hi Bk8, I need your help please to understand what I have missed here, just to make sure I will not repeat the same mistake again.

Thanks ain advance.
I used to be indecisive but now I'm not so sure...
  • #4,214
  • Sep 23, 2016 3:24pm Sep 23, 2016 3:24pm
I mean GU, sorry.
I used to be indecisive but now I'm not so sure...
  • #4,215
  • Sep 23, 2016 3:25pm Sep 23, 2016 3:25pm
Today's Morning i Was +30% in profit
Now I am Only +10%, Still in profit but i am mad though.
  • #4,216
  • Sep 23, 2016 3:44pm Sep 23, 2016 3:44pm
Quoting Parmesan
I took this EG trade and it hit sl. However I see you are long on EG. Was this incorrect trade? {image}

EG was in a sideways movement yesterday...it wasn't a good setup as it failed to meet up with the conditions. You guys should try and read the thread thoroughly before making wrong assumptions. The strategy works. nothing more, nothing less.
The World As It Is Can Do With Your Positive Disposition
  • #4,217
  • Edited 4:18pm Sep 23, 2016 3:51pm | Edited 4:18pm
Quoting Filipo1
I mean GU, sorry.
I think I explained yesterday about both CAD/JPY and G/U

We did not consider G/U due to sideways, although yesterdays candle crossed SMA but could not retain the momentum and almost contained in same range of last 4 candles. .
  • #4,218
  • Sep 23, 2016 4:02pm Sep 23, 2016 4:02pm
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....
Very impressive results....What forex broker do you use? What time (GMT) does your new chart opens? I see that you take trade not at any specific time..
  • #4,219
  • Sep 23, 2016 4:28pm Sep 23, 2016 4:28pm
I started reading this thread mid-week, and I am very impressed -- and it takes a lot to impress me at my age. I have read each and every post. Thank you so much, Bk8, for everything. And thanks to everyone's contributions making this what it is -- simple, understandable, predictable, reliable.
  • #4,220
  • Sep 23, 2016 4:38pm Sep 23, 2016 4:38pm
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.
Performance Summary

Setups from previous week

  1. G/A +600 Pips!!!!!! (Second Position)
  2. G/CHF + 360 Pips!!| (Second Position)
  3. A/U + 101 Pips! (Second Positon)
  4. EUR/CHF +10 Pips (Second Position Closed)


Setups from Sunday

  1. A/CHF +42 Pips (Second Position Closed)
  2. E/CAD + 38 Pips (Second Position Closed)
  3. E/AUD +160 Pips! (Second Position)



Setup from Wednesday

 

  1. USD/CAD ( 1st Position +60 Pips, 2nd Position Breakeven -15 pips Closed)


Setups from Thursday

  1. GBP/NZD + 5 Pips (Reversed after 60 pips profit)
  2. NZD/CAD - 5 Pips (Revered after 78 pips profit )


So far we have only one loser in last 3 weeks!!!

Thank you very much for your support. Have a Great Weekend, Lets discuss on Sunday!!

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