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Monthly Profit - Daily Trading using SMA

  • #4,221
  • Sep 23, 2016 5:00pm Sep 23, 2016 5:00pm
Quoting Bk8
{quote} Performance Summary Setups from previous week G/A +600 Pips!!!!!! (Second Position) G/CHF + 360 Pips!!| (Second Position) A/U + 101 Pips! (Second Positon) EUR/CHF +10 Pips (Second Position Closed) Setups from Sunday A/CHF +42 Pips (Second Position Closed) E/CAD + 38 Pips (Second Position Closed) E/AUD +160 Pips! (Second Position) Setup from Wednesday USD/CAD ( 1st Position +60 Pips, 2nd Position Breakeven -15 pips Closed) Setups from Thursday GBP/NZD + 5 Pips (Reversed after 60 pips profit) NZD/CAD - 5 Pips (Revered after 78 pips profit...
Very good results.
Thanks for sharing your strategy.
Cheers
  • #4,222
  • Sep 23, 2016 6:00pm Sep 23, 2016 6:00pm
Quoting Bk8
{quote} Performance Summary Setups from previous week G/A +600 Pips!!!!!! (Second Position) G/CHF + 360 Pips!!| (Second Position) A/U + 101 Pips! (Second Positon) EUR/CHF +10 Pips (Second Position Closed) Setups from Sunday A/CHF +42 Pips (Second Position Closed) E/CAD + 38 Pips (Second Position Closed) E/AUD +160 Pips! (Second Position) Setup from Wednesday USD/CAD ( 1st Position +60 Pips, 2nd Position Breakeven -15 pips Closed) Setups from Thursday GBP/NZD + 5 Pips (Reversed after 60 pips profit) NZD/CAD - 5 Pips (Revered after 78 pips profit...
This is incredible will do my best on Sunday , to help you all ,with picking up the best currency. Remember, we are all an FX family..Be patient and you will be rewarded ! God bless you traders ! good night/day
Read 1st post , if you don't understand something , then , ask a question
  • #4,223
  • Sep 23, 2016 6:03pm Sep 23, 2016 6:03pm
Quote
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.
thank now understand sideway pattan ur missing yestarday erunzd bye signal it's not sideway pattan pls tell me i am right?
  • #4,224
  • Sep 23, 2016 6:14pm Sep 23, 2016 6:14pm
..Hate these levels
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Read 1st post , if you don't understand something , then , ask a question
  • #4,225
  • Sep 23, 2016 6:20pm Sep 23, 2016 6:20pm
Quoting saranga
{quote} thank now understand sideway pattan ur missing yestarday erunzd bye signal it's not sideway pattan pls tell me i am right?
The idea is to take best possible trade, infect we already involved in 2 nzd trades. and the other reason there is wick and price rejection in Eurnzd this why the trade has been left. well this is my opinion. Bk chief, can explain more. thanks that's how we can learn more.
  • #4,226
  • Sep 23, 2016 6:24pm Sep 23, 2016 6:24pm
Quote
Ghibli
ur understand sideway pattan i think bk8 not use s\L he use candle power.we are talk chart room 4hour later i am now work
  • #4,227
  • Sep 23, 2016 6:33pm Sep 23, 2016 6:33pm
Quoting saranga
{quote} ur understand sideway pattan i think bk8 not use s\L he use candle power.we are talk chart room 4hour later i am now work
Saranga , my friend , I understand your point of view , but if we want or not , these lines are reacting somehow to these " lines"..I agree , the PA is the key..but ..S/R are important in my humble opinion - just for viewing the situation and for filtering the setups As you see , I opened the positions , although ,there are some certain "tips" that are saying - do not do that ! But one way or another - KISS... so I opened the positions..
Read 1st post , if you don't understand something , then , ask a question
  • #4,228
  • Sep 23, 2016 6:37pm Sep 23, 2016 6:37pm
Quote
Saranga , my friend , I understand your point of view , but if we want or not , these lines are reacting somehow to these " lines"..I agree , the PA is the key..but ..S/R are important in my humble opinion - just for viewing the situation and for filtering the setups
look nzdcad bk8 give sell.look it's s\L leval and and usdcad bk8 hold andhe is missing 120pip he is not give 1st 5sma close signal he is think not power candle usdcad more bye..............my english bad pls understand
  • #4,229
  • Edited 7:06pm Sep 23, 2016 6:43pm | Edited 7:06pm
Quoting saranga
{quote} look nzdcad bk8 give sell.look it's s\L leval and and usdcad bk8 hold andhe is missing 120pip he is not give 1st 5sma close signal he is think not power candle usdcad more bye..............my english bad pls understand
It's very hard to understand you my friend , but I took and say , that I am taking N/C before Bk8 did I had this S/R line before the "main annoucement ",..and I took this trade ,even that,there was a S/R line already , so..I am strictly sticking to the rules..but as we all see these lines are reacting somehow..
Read 1st post , if you don't understand something , then , ask a question
  • #4,230
  • Sep 23, 2016 7:21pm Sep 23, 2016 7:21pm
Quoting Ghibli
{quote} This is incredible will do my best on Sunday , to help you all ,with picking up the best currency. Remember, we are all an FX family..Be patient and you will be rewarded ! God bless you traders ! good night/day
Thank you very much ghibli👍👍
  • #4,231
  • Sep 23, 2016 7:54pm Sep 23, 2016 7:54pm
look this entry point stong resistant
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  • #4,232
  • Sep 23, 2016 8:08pm Sep 23, 2016 8:08pm
I wud like to congratulate all admins especially BK8 for keeping this amazing thread so engaging and helpful.
After reading the whole strategy in post 1. I am trying to understand what makes this strategy successful ? Here are few points I consider makes it a gem of a strategy.

1) Trade The Trend - The best part of the strategy is that it does'nt try n predict the market moves rather it just ride on the early trend .

2) SMA - The winners amongst all indicators . I recently read an article |Which Trend Indicator Wins ?| written by "Marcos Katsanos ". It compares different indicators and their success rates and I was amazed to see that SMA is still the most powerful amongst all.

3) Risk/Reward Ratio : This strategy can have amazing risk/reward ratio especially when u trade with double positions and letting go your 2nd position with daily updates to SL(BE).

4) Emotional Strength : Last but the most important part is this active thread which is helping people and giving them confidence to stand by the strategy without loosing nerves in tough days.

These are my onservations but I look forward to hear from BK8 on this abt his motivations behind the strategy and what he thinks makes it outstanding.

cheers
  • #4,233
  • Edited 8:31pm Sep 23, 2016 8:19pm | Edited 8:31pm
Hello
Took gn long after candle closed yesterday. (27 hrs ago) 15+25 pips profit
Took nc short after candle closed yesterday. 13+36 pips profit
Great system. But a great system without a great teacher is not a great system, you could say.
Thank you Bk8, and you other teachers for the kindness ... Towards us who are but crawling.
All the best and have a good weekend.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #4,234
  • Sep 23, 2016 8:22pm Sep 23, 2016 8:22pm
Quoting Bk8
{quote} Performance Summary Setups from previous week G/A +600 Pips!!!!!! (Second Position) G/CHF + 360 Pips!!| (Second Position) A/U + 101 Pips! (Second Positon) EUR/CHF +10 Pips (Second Position Closed) Setups from Sunday A/CHF +42 Pips (Second Position Closed) E/CAD + 38 Pips (Second Position Closed) E/AUD +160 Pips! (Second Position) Setup from Wednesday USD/CAD ( 1st Position +60 Pips, 2nd Position Breakeven -15 pips Closed) Setups from Thursday GBP/NZD + 5 Pips (Reversed after 60 pips profit) NZD/CAD - 5 Pips (Revered after 78 pips profit...
 
Have a good weekend Bk8 and all!😁
  • #4,235
  • Sep 23, 2016 9:02pm Sep 23, 2016 9:02pm
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!!
Hi BK*, how do we get the official recommendations - I took cadjp buy from reading through posts and it seemed to comply with the rules on page 1 but im very close to having sl hit. Pls let me know when and were these posts are so I can stick even more closely to rules. Tks
  • #4,236
  • Sep 23, 2016 9:21pm Sep 23, 2016 9:21pm
[quote=Bk8;9158519]{quote} Performance Summary Setups from previous week G/A +600 Pips!!!!!! (Second Position) G/CHF + 360 Pips!!| (Second Position) A/U + 101 Pips! (Second Positon) EUR/CHF +10 Pips (Second Position Closed) Setups from Sunday A/CHF +42 Pips (Second Position Closed) E/CAD + 38 Pips (Second Position Closed) E/AUD +160 Pips! (Second Position) Setup from Wednesday USD/CAD ( 1st Position +60 Pips, 2nd Position Breakeven -15 pips Closed) Setups from Thursday GBP/NZD + 5 Pips (M

Hi master
pls look at nZDCAD pair. After last night cad news came out negative for cad, it seems it is still within sell. I got out last nig.
ht with only a few pips (3 pips lost)
I am thinking of going in again on Monday. What do you think
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  • #4,237
  • Sep 23, 2016 9:33pm Sep 23, 2016 9:33pm
Quoting Bk8
{quote} 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.
Hi Bk8,
Just want to have confirmation from your side that you will close 1st position and move 2nd's sl to BE after day1 if 1st was in profit but not yet reach the TP? So most of time, your 1st position just last for only 1 day?
  • #4,238
  • Sep 24, 2016 12:33am Sep 24, 2016 12:33am
Morning All
please be aware that next week is month end, a lot of the pairs we trade are heading for Monthly Support or Resistance the black lines, have a great week, also Oanda MT4 users, if you want to change from GMT -5 which I trade or to the bosses GMT + 2 just click on the Login Box bottom right hand corner, just trying to help
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  • #4,239
  • Sep 24, 2016 12:40am Sep 24, 2016 12:40am
Quoting josephkee
Quoting Bk8
{quote} Performance Summary Setups from previous week G/A +600 Pips!!!!!! (Second Position) G/CHF + 360 Pips!!| (Second Position) A/U + 101 Pips! (Second Positon) EUR/CHF +10 Pips (Second Position Closed) Setups from Sunday A/CHF +42 Pips (Second Position Closed) E/CAD + 38 Pips (Second Position Closed) E/AUD +160 Pips! (Second Position) Setup from Wednesday USD/CAD ( 1st Position +60 Pips, 2nd Position Breakeven -15 pips Closed) Setups from Thursday GBP/NZD + 5 Pips (M Hi master pls look at nZDCAD pair. After last night cad news
...
Hi Joseph
i am sure BK8 will answer but i want to give my opinion, forget it,its done, over, in the past, i have that T Shirt, wait for the next signal
all the best
  • #4,240
  • Sep 24, 2016 12:53am Sep 24, 2016 12:53am
Quoting Ghibli
{quote} It's very hard to understand you my friend , but I took and say , that I am taking N/C before Bk8 did I had this S/R line before the "main annoucement ",..and I took this trade ,even that,there was a S/R line already , so..I am strictly sticking to the rules..but as we all see these lines are reacting somehow..
I bet you can find plenty of instances where price did not respect the trendline.
imo waste of time to have those charts if all we do is zoom in as far as we can go and trade from there.
no offence - peace
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