Monthly Profit - Daily Trading using SMA | Page 247 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #4,921
  • Sep 28, 2016 5:42am Sep 28, 2016 5:42am
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
Well, the start was great..... Some things went in the wrong direction lately, as it is normal to be. Some extra news was playing also role here, like on CAD etc (just to make an example), as well as less accurate setups. This can happen....anytime and to all. This is trading. Trading is lose money too. BUT: I started to go back in time watching all pairs since 2015 and their moves according to this system manually. It looks like it could really work on the long term. Just my 0,02$.
  • #4,922
  • Sep 28, 2016 5:42am Sep 28, 2016 5:42am
Quoting josephkee
Hello morning I see a valid Eurnzd short as the only likely pair . Why? Simply because it is in agreement with the longer trend Thanks
Hi Joseph
here is my weekly trendwhich i am sorry to say i dont see, please can you explain
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDWeekly.png Size: 68 KB
  • #4,923
  • Edited 6:16am Sep 28, 2016 6:05am | Edited 6:16am
So .. about yesterdays trades - E/G - +2 ( 2 pos ) , G/CH + 7...good, that I did not take E/N and N/CH..still got G/N +110 and G/C +33..looks good, but in the future , I will avoid few in a row trades with the same currency
Read 1st post , if you don't understand something , then , ask a question
  • #4,924
  • Sep 28, 2016 6:12am Sep 28, 2016 6:12am
Good Morning All,
G/N is back, 75 pips profit so far
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 115 KB
  • #4,925
  • Sep 28, 2016 6:12am Sep 28, 2016 6:12am
Quoting monaghan
{quote} Hi Joseph here is my weekly trendwhich i am sorry to say i dont see, please can you explain {image}
Hi Monaghan
The weekly shows it is going down. That is not to say it is sure win.Nobody guarantees that. It is just putting the odds in our favor.
Downtrend or Uptrend reflects the fundamental economics of a country. thank you
  • #4,926
  • Sep 28, 2016 6:14am Sep 28, 2016 6:14am
Quoting Ghibli
So .. about yesterdays trades - E/G - +2 ( 2 pos ) , G/CH + 7...good, that I did not take E/N and N/CH..still got G/N +149 and G/C +33..looks good, but in the future , I will avoid few in a row trades with the same currency
exactly, as i said we must avoid overexposure on one pair.
i did not take E/N and N/CH either.
  • #4,927
  • Sep 28, 2016 6:15am Sep 28, 2016 6:15am
Agree, I started this thread on July 26th since then we have wonderful result except this week.

Quoting knullasomfan
{quote} Well, the start was great..... Some things went in the wrong direction lately, as it is normal to be. Some extra news was playing also role here, like on CAD etc (just to make an example), as well as less accurate setups. This can happen....anytime and to all. This is trading. Trading is lose money too. BUT: I started to go back in time watching all pairs since 2015 and their moves according to this system manually. It looks like it could really work on the long term. Just my 0,02$.
  • #4,928
  • Sep 28, 2016 6:16am Sep 28, 2016 6:16am
Quoting 7Keys
{quote} exactly, as i said we must avoid overexposure on one pair. i did not take E/N and N/CH either.
I think, post#1 warned the same concern
  • #4,929
  • Sep 28, 2016 6:17am Sep 28, 2016 6:17am
Quoting Ghibli
So .. about yesterdays trades - E/G - +2 ( 2 pos ) , G/CH + 7...good, that I did not take E/N and N/CH..still got G/N +110 and G/C +33..looks good, but in the future , I will avoid few in a row trades with the same currency
Same as you. I took only EUR/GBP and GBP/CHF because there is plenty room to get profits, other pairs didn't take because of tight ranges or near S/R zones.
  • #4,930
  • Sep 28, 2016 6:17am Sep 28, 2016 6:17am
You did not add 15 pips?
  • #4,931
  • Sep 28, 2016 6:17am Sep 28, 2016 6:17am
EUR/NZD Hit the SL
Human beings are members of a whole, In creation of one essence and sol.
  • #4,932
  • Sep 28, 2016 6:19am Sep 28, 2016 6:19am
Quoting Mhons
{quote} Same as you. I took only EUR/GBP and GBP/CHF because there is plenty room to get profits, other pairs didn't take because of tight ranges or near S/R zones.
That's right
Read 1st post , if you don't understand something , then , ask a question
  • #4,933
  • Sep 28, 2016 6:19am Sep 28, 2016 6:19am
G/C is trying hard 30 pips profit so far
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 115 KB
  • #4,934
  • Sep 28, 2016 6:21am Sep 28, 2016 6:21am
G/CHF is still confused but green
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 113 KB
  • #4,935
  • Sep 28, 2016 6:21am Sep 28, 2016 6:21am
Quoting monaghan
{quote} Hi Joseph here is my weekly trendwhich i am sorry to say i dont see, please can you explain {image}
Quote
Just to add
here is my two trades live acc taken this morning, i alraedy banked some profit but i wont explain here and still in line with BK8s system my trades are still running, can you clearly spot a candle pattern, now go and check the weekly charts, and then lets just forget this conversation

Quote
No offense taken
read it again, i am not pitching any idea, in fact i would prefer if only the basic system was observed and discussed

smells some contradiction here in your words..
so whay you look on W chart?( in that weekly chart at the moment i dont see any trend), you prefer basic system, and whant to forget conversation about weekly charts.... ok, it does not matter..

i will answer for you whay EN didnt work... if to use the basic rules from first post, and aple them on W chart, this week you will have clean buy signal.. sma5 on W chart its a strong support, there is no any short on D1.. going agains to weekly support its a mistake..
this is a trade with 50% win ration..like in casino..
but.. never miend, do not pay attention to my posts.
  • #4,936
  • Sep 28, 2016 6:24am Sep 28, 2016 6:24am
Quoting Bk8
{quote} I think, post#1 warned the same concern
sure!
last friday on CAD was a good example for me!
  • #4,937
  • Sep 28, 2016 6:26am Sep 28, 2016 6:26am
I always avoid wick but took 2-3 positions as part of expoliting all oppurtinities this week... yesterday I gave it last try since so many traders were talking about long term trend, weekly, monthly etc etc so wanted to check whether that can help wick but it seems wick is cureless
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 103 KB
  • #4,938
  • Sep 28, 2016 6:26am Sep 28, 2016 6:26am
Quoting josephkee
{quote} Hi Monaghan The weekly shows it is going down. That is not to say it is sure win.Nobody guarantees that. It is just putting the odds in our favor. Downtrend or Uptrend reflects the fundamental economics of a country. thank you
Thanks for your explanation Joseph
but i am sorry to say you are wrong, but never mind that the whole point is it doesn't matter, we do not need the weekly timeframe to trade the BK8 system, i put the stoch on there just to clarify, and i think Yonnie was basically trying to make the same point on his post
all the best
  • #4,939
  • Sep 28, 2016 6:30am Sep 28, 2016 6:30am
Quoting Bk8
Agree, I started this thread on July 26th since then we have wonderful result except this week. {quote}
Just curious. Monaghan said something ABT month end etc.
If it has anything to do with it.
Bk8 July,Aug it was a good run? Most in profit?
  • #4,940
  • Sep 28, 2016 6:31am Sep 28, 2016 6:31am
Not sure why I always get stuck with EUR/CHF lets get out on breakeven
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 104 KB
1 trader viewing now