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Monthly Profit - Daily Trading using SMA

  • #4,901
  • Sep 28, 2016 3:46am Sep 28, 2016 3:46am
Quoting L.m
{quote} ... @ BK8: even with this correction the results are impressive, many compliments. The thread became huge from the last time I came here, that means you're doing an awesome job. ...
Totally agree with you. The results are impressive and thanking him for sharing his strategy. Just brought the pip count issue up to be on the same page with everyone to fix a minor mistake. That's all.

Regards,
Blackeagle
  • #4,902
  • Sep 28, 2016 3:48am Sep 28, 2016 3:48am
Quoting Oddbjorg
{quote} Hello. Eg short. No. 1 Tp triggered 15 pips profit. Thank you. Oddbj.
What are you doing? Just 15 PIP's TP?

Very very bad risk reward ratio if your SL below or above daily candle and take profit 15 PIP's...
I Win, I Lose, It's my Job... And I Love it!
  • #4,903
  • Sep 28, 2016 3:50am Sep 28, 2016 3:50am
Quoting Oddbjorg
{quote} Hello. Eg short. No. 1 Tp triggered 15 pips profit. Thank you. Oddbj.
Why do you trigger TP at just 15 points while your stoploss is much wider, of course if you are following the strategy rules?

Regards,
Blackeagle.
  • #4,904
  • Edited 4:08am Sep 28, 2016 3:52am | Edited 4:08am
Quoting Blackeagle
{quote} You know what, you don't agree with me but you are exactly telling me the same thing in a different way. If you do pip count for each unit separately, then you should do it the same thing for gains and losses. In your example, if your profit is (40+100) / 2 = 70 pips, then when you are stopped out outright, let's say, 100 pips, then you can say you lost 100 pips. But Bk8 counts, again if we use your example, +40 pips for the first position, +100 pips for the second position, which totals +140 pips. And then if he loses 100 pips (stopped...
x 1. There seems to be a confusion about pips and position size here... A pip is a pip no matter how you look at it. A gain/loss is the number of pips x your position size. When calculating your R:R you must look at the value of your account risked on any one trade (5%) and adjust the position size according to your SL in pips.
  • #4,905
  • Sep 28, 2016 4:10am Sep 28, 2016 4:10am
Quoting callmejack
{quote} i think you are not violating anything, as you dont try to 'enforce' others to follow your way. it's fair to speak out what you think about the trade and how you manage it, as long you are not suggesting others to follow you.
I agree. Let's not be too protective and talk as if you own this space. If the owner has not say anything, its best to keep quiet. Everybody is here to improve on the system.Clearly positive contribution should be heard. We will do ourselves a disfavor if you just shut people off.
  • #4,906
  • Sep 28, 2016 4:13am Sep 28, 2016 4:13am
Gee what happened about 2 hours ago.
Went from about 150pips in profit to -300 in the space of 2 hours.
  • #4,907
  • Sep 28, 2016 4:29am Sep 28, 2016 4:29am
Quoting fekko
Gee what happened about 2 hours ago. Went from about 150pips in profit to -300 in the space of 2 hours.
which pairs?
  • #4,908
  • Sep 28, 2016 4:37am Sep 28, 2016 4:37am
Recommendations from this morning.
Buy EUR/NZD NZD/CHF
Sell EUR/GBP
  • #4,909
  • Edited 4:49am Sep 28, 2016 4:38am | Edited 4:49am
Quoting umairsheikh2
{quote} What are you doing? Just 15 PIP's TP? Very very bad risk reward ratio if your SL below or above daily candle and take profit 15 PIP's...
I don't think Oddbjorg has committed any trading crime for closing part of her trade at 15pips. If the stake used is fairly sizeable, 15pips can translate to a reasonable amount to put in the bank, while the second position is allowed to run. It will also reduce the potential exposure. Besides, even, the chief himself, BK8 had 20pips as his TP1 in one of his trades(N/CAD-post4809). His 2nd position was closed at a substantial loss of 105pips! He would have ended up with nothing, and even with a greater loss, had he not banked partial profit at 20 pips. We should not always think in terms of what we can make or should have made. Protecting the downside is equally, if not more, important. Thanks
  • #4,910
  • Sep 28, 2016 4:40am Sep 28, 2016 4:40am
Quoting ola08
{quote} I don't think Oddbjorg has committed any trading crime for closing part of her trade at 15pips. If her stake is fairly sizeable, 15pips can translate to a reasonable amount to put in the bank, while she allows the 2nd trade to run. It will also reduce her exposure. Besides, even, the chief himself, BK8 had 20pips as his TP1 in one of his trades(N/CAD-post4809). His 2nd position was closed at a substantial loss of 105pips! He would ended up with nothing, and even with a greater loss had he not banked partial profit at 20 pips. We should not...
  • #4,911
  • Sep 28, 2016 4:44am Sep 28, 2016 4:44am
Quoting fekko
Recommendations from this morning. Buy EUR/NZD NZD/CHF Sell EUR/GBP
Hi Fekko, regarding EURNZD we rather had a sell signal with yesterday's daily candlestick.
Today the pair is moving back up so far forming a marubozu but according to the rule we can not have a setup based on a running candlestick if I don not mistake...
I used to be indecisive but now I'm not so sure...
  • #4,912
  • Sep 28, 2016 4:45am Sep 28, 2016 4:45am
Quoting fekko
Recommendations from this morning. Buy EUR/NZD NZD/CHF Sell EUR/GBP
No. Recommendation from this morning were
Today's Setups

Long GBP/CHF and NZD/CHF
Short EUR/NZD
-------------------

Currently All in loss . Hope it turns back
  • #4,913
  • Sep 28, 2016 4:50am Sep 28, 2016 4:50am
Quoting marsss
{quote} No. Recommendation from this morning were Today's Setups Long GBP/CHF and NZD/CHF Short EUR/NZD ------------------- Currently All in loss . Hope it turns back
I took only GBP/CHF monitoring other trades and it looks not good at all
  • #4,914
  • Sep 28, 2016 4:50am Sep 28, 2016 4:50am
Yeah sorry that is correct.
was looking at them wrong.

Wouldnt be worrying if i had EUR/NZD as a buy
  • #4,915
  • Sep 28, 2016 4:53am Sep 28, 2016 4:53am
Market is upside down, directionless as most of traders hope to have a better understanding of what lies ahead after speeches from Yellen and other Fed's speakers and Draghi as well.
Oil rollercoasters just adds to ambiant nervousness.
I used to be indecisive but now I'm not so sure...
  • #4,916
  • Sep 28, 2016 4:58am Sep 28, 2016 4:58am
Quoting yonnie
{quote} no offense, but you`re out of line in this thread. a trend might be a basic fundamental for YOU, but we`re not using it here. Bk8 dont want any optimization, unless you can prove it - he is very adamant about that one. so maybe this thread is not for you if you can`t abide by the rules.
Yonnie
I am stepping in because you are nobody to say"maybe thus thread is not for you if you csnt abide by the rules. He is just trying to augment our strategy by suggesting to look at the longer trend for directiion. Like he said, this is as fundamental as ABC.
Would you want to ignore this basic in the name of keepin it simple?
I appreciate to learn this strategy and the good cause bk8 has tried to instill in this thread. But surely you are not the one to decide who should join this thread if all he did was to suggest something for the sake of the strategy. So I urge you to tone down your comment.
Thank you.
  • #4,917
  • Sep 28, 2016 5:00am Sep 28, 2016 5:00am
Quoting fekko
Yeah sorry that is correct. was looking at them wrong. Wouldnt be worrying if i had EUR/NZD as a buy
However it would now be a good entry point with monimal SL
I used to be indecisive but now I'm not so sure...
  • #4,918
  • Sep 28, 2016 5:12am Sep 28, 2016 5:12am
Quoting Filipo1
Market is upside down, directionless as most of traders hope to have a better understanding of what lies ahead after speeches from Yellen and other Fed's speakers and Draghi as well. Oil rollercoasters just adds to ambiant nervousness.
Correct Filipo
coupled with that a lot of the pairs are at or close to their Monthly S@R
  • #4,919
  • Sep 28, 2016 5:18am Sep 28, 2016 5:18am
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  • #4,920
  • Sep 28, 2016 5:40am Sep 28, 2016 5:40am
Quoting Bk8
{quote} Validate your question yourself please
You wrote - 27 and - 40 pips for them.
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