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Monthly Profit - Daily Trading using SMA

Very odd day for me in last 3 weeks.. I used to check my positions all the time but today I tried to ignore my phone as much as possible.
Quoting FX-Flux
{quote} I didn't.... Did you ever figure out why you couldn't create a trade explorer? Because i think people would find it useful, even if you have other strategies running on the same account, it doesn't take a genius to figure out which trades to follow.
Alright, I will try again today. Just for you!
Quoting stu
My day ends in about 20 mins....If things stay as they are I'll be buying GBPCAD. The only other 2 that tick the boxes are EUR/AUD buy and (just...it's not quite sideways yet) EURCHF buy. I'll be staying away from the later due to it being inside bar, and while the former is all through the SMA, it's not a candle that suggests strong buy to me. {image}
bought GBPCAD
Quoting Ghibli
GBP/CAD
Thank you Sir!
Quoting Bk8
{quote} Thank you Sir!
Thank you
Read 1st post , if you don't understand something , then , ask a question
daily closed 8 min ago.
buy G/C

congratulations everybody - reckon you guys are getting better at picking the right trades
E/CH probably not good enough. lets wait what the chief says.
In GBPCAD too
Quoting Bk8
{quote} Thank you Sir!
Quoting yonnie
daily closed 8 min ago. buy G/C congratulations everybody - reckon you guys are getting better at picking the right trades E/CH probably not good enough. lets wait what the chief says.
Thanks very much yonnie! You left me alone yesterday and see what happened.... looks like I will not be able to post performance report today due to dome technical issues
Dear all,

Thank you BK8 and all other major contributors.

First post on this great thread.

Bought GBPCAD, EURCHF.

Cheers!
Quoting aszain02
{quote} yesterday i was thinking we had better chance in usdcad, infect the uptrend has been started in usdcad and we were in counter trend in eurjpy but i avoided due to chief advise. Any way this the part of game that's how we can learn with each other.
eagerly waiting for ur view left trade yesterday, usdcad bk ?
Entry point it's not so easy task , because , there are many setups sometimes , but the key is to pick up the good one..how can we achive this ?..well, I noticed some issues with some setup oportunities..I will not take a trade ,when the candles are very small body candles, large body and momentum are good ..I will not take the trade if the candle is 20-30 pips, with big upper wick , because it may be only a little correction of the present trend . Next devil - the sideways..when I see that price is ranging from past few days and almost every candle is touching SMA ,I can consider this trade , only when I will se a momentum - much ,much bigger candle with larger body than the previous ones..but still..not a perfect setup,so while I am taking the entries I am looking at the wicks, body and size of the candle , sideways..that's why the entry setup rule is little flexible. While you want to go long , the candle should not have a long upper wick and vice versa, while you want to go short , the lower wick of the candle should not be large..

People are trying to be in the trade,every single day, so there are forcing the rules to pull the trigger with any of the setup, just to be in some kind of trade, engaging little fear ,that they can lose oportunity to make money..Sometimes ,no trade is also a trade.

And about the BB , I personally use them ,not for the TP timing , but for the entry setups. I like the situation, when the price was touching the lower/higher BB and after that the candle is making a momentum with crossed SMA..but only if the BB was NOT very tight ,wtih small distance between them. I hope it will help you , with making your choices .Below some pictures of sideways, momentum , wicks, etc

1. momentum , price bounced from lower BB , clearley crossed SMA - good setup

Attached Image


2. sideways,very "undecided" small candle - not a good setup

Attached Image


3. momentum , price pulled back after higher BB , clearly crossed the sma - good setup

Attached Image


4. sideways ,price crossed sma but previous canldes was ranging in sideways,not a momentum - bad setup
Attached Image
Read 1st post , if you don't understand something , then , ask a question
My first effort Guys.
Attached Image (click to enlarge)
Click to Enlarge Name: 1st Effort.PNG Size: 77 KB
Quoting aszain02
{quote} eagerly waiting for ur view left trade yesterday, usdcad bk ?
wel done Thanks.
Human beings are members of a whole, In creation of one essence and sol.
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...
Performance Summary

Setups from previous week

 

  1. G/A +617 Pips!!!!!! (Second Position)
  2. G/CHF + 350 Pips!!| (Second Position)
  3. A/U + 117 Pips! (Second Positon)
  4. E/A + 150 Pips! (Second Position)
  5. G/N + 30 Pips (First Position)... -60 Pips (Second Position )
  6. N/CAD + 20 Pips (First Position) -80 Pips (Second Position)


Setups from Sunday

  1. A/CHF - 20 Pips
  2. E/J - 47 Pips



So far we have only one loser in last 3 weeks!!! ( We may add some more soon )

Today's Setups

Long GBP/CAD and EUR/CHF

Thank you very much for your support. Good Luck!

Quoting Bk8
{quote} Performance Summary Setups from previous week G/A +617 Pips!!!!!! (Second Position) G/CHF + 350 Pips!!| (Second Position) A/U + 117 Pips! (Second Positon) G/N + 30 Pips (First Position)... -60 Pips (Second Position ) N/CAD + 20 Pips (First Position) -80 Pips (Second Position) Setups from Sunday A/CHF - 20 Pips E/J - 47 Pips So far we have only one loser in last 3 weeks!!! ( We may add some more soon ) Today's Setups Long GBP/CAD and EUR/CHF Thank you very much for your support. Good Luck!
Hey Bk8, just 1 question - did you close 1st positions from Sunday: A/CHF and E/J?

Thank you for the system.
Quoting centillionfx
Dear all, Thank you BK8 and all other major contributors. First post on this great thread. Bought GBPCAD, EURCHF. Cheers!
eur chf bad trade
Quoting tomuks
{quote} Hey Bk8, just 1 question - did you close 1st positions from Sunday: A/CHF and E/J? Thank you for the system.
No we never close setups if not profitable...
Quote
Performance Summary

Setups from previous week

 

  1. G/A +617 Pips!!!!!! (Second Position)
  2. G/CHF + 350 Pips!!| (Second Position)
  3. A/U + 117 Pips! (Second Positon)
  4. E/A + 150 Pips! (Second Position)
  5. G/N

...


usdcad shot sl hit
bravo BK8

good work, go on
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