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Monthly Profit - Daily Trading using SMA

  • #5,001
  • Sep 28, 2016 1:19pm Sep 28, 2016 1:19pm
Quoting jmmn
{quote} 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!!!
Hello. Thank you for correcting me. I really only am a learner. And sl & tp rules have not really come to their place in my head.
But I realize and will try it to nigth to put sl as pr rules. Thank you so much. All the best. Oddbj
All the best to all of you. But don't follow me. I am a learner.
  • #5,002
  • Sep 28, 2016 1:25pm Sep 28, 2016 1:25pm
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...
Very usefull post Rapzy, Thanks
Human beings are members of a whole, In creation of one essence and sol.
  • #5,003
  • Sep 28, 2016 1:26pm Sep 28, 2016 1:26pm
Difficult to hold myself but will wait for Day close
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  • #5,004
  • Sep 28, 2016 1:27pm Sep 28, 2016 1:27pm
Quoting ola08
{quote} 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...
Thank you. Nice of you to compare between me and bk8. Just joking. I think you are all friendly towards us learners. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #5,005
  • Sep 28, 2016 1:31pm Sep 28, 2016 1:31pm
Quoting marsss
Difficult to hold myself but will wait for Day close {image}
Hope I am not going to miss the train
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  • #5,006
  • Sep 28, 2016 1:34pm Sep 28, 2016 1:34pm
Quoting marsss
{quote} Hope I am not going to miss the train
You should be very patient sometimes , even 10 minutes or so before D1 close , the price is going back and there is no valid setup
Read 1st post , if you don't understand something , then , ask a question
  • #5,007
  • Sep 28, 2016 1:37pm Sep 28, 2016 1:37pm
Quoting Ghibli
{quote} You should be very patient sometimes , even 10 minutes or so before D1 close , the price is going back and there is no valid setup
I agree . but this Red-Doji-Green(Bigger) setup is perfect for the reversals
  • #5,008
  • Sep 28, 2016 1:38pm Sep 28, 2016 1:38pm
Quote
Ghibli
hi my friends gbpcad going sl erunzd sl hit bad week
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  • #5,009
  • Sep 28, 2016 1:39pm Sep 28, 2016 1:39pm
Well, looks like any trade for CAD is the way to go today. Lay down for a nap and wake up to find second position for GC stopped out total +20 pips and CAD pairs going like a bat out of hell. Assuming some news about oil, but I havent looked yet.

Edit: Yep, oil jumped over 5% in the last 2 hours.
  • #5,010
  • Sep 28, 2016 1:40pm Sep 28, 2016 1:40pm
Quoting marsss
{quote} I agree . but this Red-Doji-Green(Bigger) setup is perfect for the reversals
Yes,it's tempting ..but still..we have to wait acording to the rules
Read 1st post , if you don't understand something , then , ask a question
  • #5,011
  • Sep 28, 2016 1:43pm Sep 28, 2016 1:43pm
Quoting BuffaloPat
Well, looks like any trade for CAD is the way to go today. Lay down for a nap and wake up to find second position for GC stopped out total +20 pips and CAD pairs going like a bat out of hell. Assuming some news about oil, but I havent looked yet. Edit: Yep, oil jumped over 5% in the last 2 hours.
Hope U r right. As I am ON AudCad & UsdCad from last 12 hours waiting for this move
Seems So . Oil Bounced big time in last 4 hours
  • #5,012
  • Sep 28, 2016 1:44pm Sep 28, 2016 1:44pm
Quoting saranga
{quote} hi my friends gbpcad going sl erunzd sl hit bad week {image}
Hi Saranga , I didn't have E/N but still in the game the first one you mentioned - G/C ..What about gold ? We where talking yesterday , that this is a good setup and it's now +70
Read 1st post , if you don't understand something , then , ask a question
  • #5,013
  • Sep 28, 2016 1:47pm Sep 28, 2016 1:47pm
Quote
Hi Saranga , I didn't have E/N but still in the game the first one you mentioned - G/C ..What about gold ? We where talking yesterday , that this is a good setup and it's now +70
gold is going show
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  • #5,014
  • Sep 28, 2016 1:54pm Sep 28, 2016 1:54pm
http://www.cnbc.com/2016/09/27/oil-p...ocks-draw.html

This is the news kicked the CAD up I believe.
  • #5,015
  • Sep 28, 2016 2:05pm Sep 28, 2016 2:05pm
I was just studying the loosing trades from last couple of days.
I found one thing in common as follows :

False signals are not able to cross the High of Previous Day.

Suggestion : By Putting a buy stop "+10/+30" pips above previous day High, We can avoid False signals


​What you guyz think ??? U can Back test it :nerd:
  • #5,016
  • Sep 28, 2016 2:17pm Sep 28, 2016 2:17pm
Quoting rabhni
http://www.cnbc.com/2016/09/27/oil-p...ocks-draw.html This is the news kicked the CAD up I believe.
Let me go and get me some Oil.
  • #5,017
  • Sep 28, 2016 2:20pm Sep 28, 2016 2:20pm
Quoting Ghibli
{quote} Hi Snoopy, GBP/NZD - sorry but this isn't a Bk8 setup, because from the beginning of this thread we avoid sideways like in this example. You should enter this trade 5 candles earlier , ( i have with this pair now + 78 ) when the first candle crossed the SMA, right after that "downtrend" . I understand yor turtle thing about that pinbar , S/R , but acording to our system rules , it's not a good setup , because it's now ranging in sideways. Everything is in 1st post, withe examples etc . It could go up, Ok , it's logic , but this particular...
Thanks for the info. Appreciate you correcting my thinking !!
  • #5,018
  • Sep 28, 2016 2:25pm Sep 28, 2016 2:25pm
Quoting SnoopyAKQJT
{quote} Thanks for the info. Appreciate you correcting my thinking !!
I'm glad I could help
Read 1st post , if you don't understand something , then , ask a question
  • #5,019
  • Sep 28, 2016 2:40pm Sep 28, 2016 2:40pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting LearnDaily
Hello, Can anyone please clarify, when looking at the daily candle when the actual daily candle start ? Is it a 12:00 am (EST)? Is it a 5:00 pm ? (EST) Is it at the corresponding trading zone time (e.g. London zone start at 3:00 am EST), meaning if we are trading GBP pairs the start for the candle should be 3:00 am ? Perhaps the people having bad results are taking the wrong start time as a reference. It would be very helpful to clarify what's the point of reference for the start of the daily candle. Thank you in advance. LearnDaily
Spain time is 11:00 pm (GMT + 2)
  • #5,020
  • Sep 28, 2016 2:47pm Sep 28, 2016 2:47pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting Oddbjorg
{quote} Hello. Thank you for correcting me. I really only am a learner. And sl & tp rules have not really come to their place in my head. But I realize and will try it to nigth to put sl as pr rules. Thank you so much. All the best. Oddbj
I am also learning. I tried to help you. All the best!
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