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Monthly Profit - Daily Trading using SMA

  • #4,961
  • Sep 28, 2016 7:47am Sep 28, 2016 7:47am
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...
Hello. I realize it is not according the rules. I will try to do better to nigth. Thank you for correcting me. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #4,962
  • Sep 28, 2016 7:59am Sep 28, 2016 7:59am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting Oddbjorg
{quote} Hello. Eg short. No. 1 Tp triggered 15 pips profit. Thank you. Oddbj.
Hi, oddbjorg, there is something that I do not understand well.

We assume 1:1 R/R in the first position.

As the SL should be of 0,8708 (+ 15 pips from candle high and 98 pips from Open position), why didn't you put a PT of 0,8512 and wait until the end of the day for that TP?

Or I have understood something wrong?

Many thanks and all the best!!!
  • #4,963
  • Sep 28, 2016 7:59am Sep 28, 2016 7:59am
hi to all
i would like a help please

do you take (for example)--- the long signal if the previus weekly signal was long?
or the daily signals have no relation with weekly signals?

thanks
  • #4,964
  • Sep 28, 2016 8:02am Sep 28, 2016 8:02am
Quoting athens
hi to all i would like a help please do you take (for example)--- the long signal if the previus weekly signal was long? or the daily signals have no relation with weekly signals? thanks
did you read post 1?
  • #4,965
  • Sep 28, 2016 8:06am Sep 28, 2016 8:06am
glad I didn`t take N/CH - just stopped out.
losing E/N though.
  • #4,966
  • Sep 28, 2016 8:11am Sep 28, 2016 8:11am
Stopped out on E/N. 1 for 4 this week with GBP/CAD still going in profit.
  • #4,967
  • Sep 28, 2016 8:15am Sep 28, 2016 8:15am
I am with you guys, lets stick to rules on #1
Thank you very much for your support!

Quoting yonnie
Bk8, I, monaghan and several others have been trying to keep the thread clean of the multitude of distractions to your daily system. for your system there is no need for weekly TF discussion, the golden line, 200 sma, TDI indicator, trend etc etc. I did so in the understanding that you did not want these discussions. however, if you dont mind them in here, I will step down from being an enforcer over to you Bk8.
  • #4,968
  • Sep 28, 2016 8:17am Sep 28, 2016 8:17am
Quoting BuffaloPat
Stopped out on E/N. 1 for 4 this week with GBP/CAD still going in profit.
EN stopped out too. Eurgbp snd Gbpchf in tact.
Thanks
  • #4,969
  • Sep 28, 2016 8:17am Sep 28, 2016 8:17am
Quoting yonnie
glad I didn`t take N/CH - just stopped out. losing E/N though.
You did right thing, same wick issue.. will never recommend any setup with wick anymore.. sorry guys
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  • #4,970
  • Sep 28, 2016 8:23am Sep 28, 2016 8:23am
Quoting Bk8
Yep I am profitable for last 8 months. If you read post#1, I clearly meantioned that you may have few bad days but you will be profitable end of the month for sure. So far I do not think we had 3-4 bad days in last 2 months. {quote}
1. The first problem we are facing here is that a lot of people did not thoroughly read or understand this thread to know that the idea/concept behind this thread is to follow the system as it is for at least 6 months before talking about optimization.

2. We need to know that While strictly following the rules for trade selection and trade suggestions made by thread owner and other major contributors we can also fine tune our entries and exists, including trade management as a whole with other indicators PRIVATELY/PERSONALLY, while taking record of our results. Then at the end of the 6 months we compare our results with the results of the basic system itself then present it to the house for digestion which will lead to either acceptance or rejection.

3. Another problem is I noticed some understand the idea of 1 above but have this uncontrollable desire to prove expertise thereby jam-packing this beautiful thread cum system with all sorts.

** This is for trend followers: In every trend there are counter trend moves that are massive, this system inherently seeks to catch all moves whether counter trend or with the trend. Losses will come, as it is with any other type of system but we accept them.
Note that even while following the prevailing trend, opposite trends occur and bring losses too so what the heck?
I am no against trend following but in my little experience it is not the holy grail neither is it the best form of trading, I think I prefer catching swings at any point it avails itself and this is what this wonderful system is helping us do with great amount of success regardless of these few days losses.

I hope with this all these "I want to help this system idea will stop until after 6 months at least" Please, lets keep this thread clean and focused. WE HAVE A GOAL! We are a TEAM lets DO IT!!

Thanks all and cheers!
  • #4,971
  • Sep 28, 2016 8:24am Sep 28, 2016 8:24am
Quoting yonnie
{quote} did you read post 1?
my friend is easy one yes on no

because maybe there is a rules in other post , no in 1st post
so with short answer we avoid many post to the thread

i didn ask to explain the rules
only if you take also the weekly chart
  • #4,972
  • Sep 28, 2016 8:25am Sep 28, 2016 8:25am
Quoting Bk8
I am with you guys, lets stick to rules on #1 Thank you very much for your support! {quote}
when you have time, you might like to state in post 1 that you dont condone any discussion about other indicators, trend, other TF etc.
that wil make it official coming from the chief himself.
easier to point people to the golden standard in Post 1.
  • #4,973
  • Sep 28, 2016 8:26am Sep 28, 2016 8:26am
Quoting athens
{quote} my friend is easy one yes on no because maybe there is a rules in other post , no in 1st post so with short answer we avoid many post to the thread i didn ask to explain the rules only if you take also the weekly chart
no
  • #4,974
  • Sep 28, 2016 8:28am Sep 28, 2016 8:28am
Quoting yonnie
{quote} no
thanks
  • #4,975
  • Sep 28, 2016 8:32am Sep 28, 2016 8:32am
Thank you very much RpzyFX!!

Quoting RapzyFX
{quote} 1. The first problem we are facing here is that a lot of people did not thoroughly read or understand this thread to know that the idea/concept behind this thread is to follow the system as it is for at least 6 months before talking about optimization. 2. We need to know that While strictly following the rules for trade selection and trade suggestions made by thread owner and other major contributors we can also fine tune our entries and exists, including trade management as a whole with other indicators PRIVATELY/PERSONALLY, while taking...
  • #4,976
  • Sep 28, 2016 8:33am Sep 28, 2016 8:33am
Bk8
pls upload trade Explorer live oh demo pls,,,,,,,,,,,,,,,,,,,,
  • #4,977
  • Sep 28, 2016 8:35am Sep 28, 2016 8:35am
Quoting RapzyFX
{quote} 1. The first problem we are facing here is that a lot of people did not thoroughly read or understand this thread to know that the idea/concept behind this thread is to follow the system as it is for at least 6 months before talking about optimization. 2. We need to know that While strictly following the rules for trade selection and trade suggestions made by thread owner and other major contributors we can also fine tune our entries and exists, including trade management as a whole with other indicators PRIVATELY/PERSONALLY, while taking...
Wonderful post Rapzy
  • #4,978
  • Sep 28, 2016 8:45am Sep 28, 2016 8:45am
Quoting Bk8
Yep I am profitable for last 8 months. If you read post#1, I clearly meantioned that you may have few bad days but you will be profitable end of the month for sure. So far I do not think we had 3-4 bad days in last 2 months. {quote}
2 thumbs up..

The secret revealed!
Let Market Tell You
  • #4,979
  • Sep 28, 2016 8:45am Sep 28, 2016 8:45am
Ive been following thread and I think what is truly happening with all the success its having that people are forcing trades- and a lot of newcomers not doing homework and just blindly taking trades and using this as signal service. Rules are rules to be followed for a reason if it doesn't look good pass there will be more trades. One good trade a week will net plenty of pips. Do not force trades. Love this thread keep it going thanks for all your hard work BK8 and others
  • #4,980
  • Sep 28, 2016 8:46am Sep 28, 2016 8:46am
Quoting Bk8
Yep I am profitable for last 8 months. If you read post#1, I clearly meantioned that you may have few bad days but you will be profitable end of the month for sure. So far I do not think we had 3-4 bad days in last 2 months. {quote}
2 thumbs up..

The secret revealed!

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