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Monthly Profit - Daily Trading using SMA

  • #5,021
  • Sep 28, 2016 2:53pm Sep 28, 2016 2:53pm
Opening 2 Pending Orders as follows :

1) AUDCAD - 1.00465 (Sell Stop)
2) CADJPY - 77.106(Buy Stop)

Time To Sleep
  • #5,022
  • Sep 28, 2016 2:57pm Sep 28, 2016 2:57pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
[quote=marsss;9167011]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.

Hi, marsss: At least the losing trade must have been able to cross the High/Low of the previous days + 15 pips.

Otherwise, the SL has not been touched and then it is not a losing trade.
  • #5,023
  • Edited 4:01pm Sep 28, 2016 3:17pm | Edited 4:01pm
Quoting jmmn
{quote} You do have my support, shum. We must respect!
not my support.
these guys are new here, never traded this system for any length of time if at all and spouting their "knowledge".
bet you those are the same people who are not profitable and never will.
to trade this system, you got to leave everything you learned at the door and give this system a chance first as it is.
if its not working after 6 months, you might look for something else or fine-tune it somehow.

you know what: why not have a challenge with all those guys who want to change stuff around.
every day they post their recommendations before Bk8 does his and we`ll see who are the men and who are the boys
put up or shut up!..........deal???
  • #5,024
  • Sep 28, 2016 3:24pm Sep 28, 2016 3:24pm
Quoting marsss
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:
I like the idea that minimize the risk. Thanks!
  • #5,025
  • Sep 28, 2016 3:27pm Sep 28, 2016 3:27pm
I can't find any good entries for today. I guess we will try tomorrow.
  • #5,026
  • Edited 4:10pm Sep 28, 2016 3:29pm | Edited 4:10pm
Quoting marsss
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:
not a stupid idea. reminds me of a thread by Feb2865, system I.
thought about this before, but then forgot. will have a look on my charts.
Bk8: dont know if you have a journal with all your previous trades and could see if this idea has any merit?
  • #5,027
  • Sep 28, 2016 3:36pm Sep 28, 2016 3:36pm
Quoting jmmn
{quote} Spain time is 11:00 pm (GMT + 2)
Thank you jmmn
  • #5,028
  • Sep 28, 2016 3:36pm Sep 28, 2016 3:36pm
as it's 20 mins till close on my terminal I'll be looking for CADCHF today

Attached Image
  • #5,029
  • Sep 28, 2016 3:50pm Sep 28, 2016 3:50pm
Quoting yonnie
{quote} not my support. these guys are new here, never traded this system for any length of time and spouting their "knowledge". bet you those are the same people who are not profitable and never will. to trade this system, you got to leave everything you learned at the door and give this system a chance first as it is. if its not working after 6 months, you might look for something else or fine-tune it somehow. you know what: why not have a challenge with all those guys who want to change stuff around. every day they post their recommendations...
  • #5,030
  • Sep 28, 2016 4:05pm Sep 28, 2016 4:05pm
Another risky one. However, its at its lowest point in years.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.m.png Size: 12 KB
So many in the Commercial section want to make me rich! :o
  • #5,031
  • Sep 28, 2016 4:06pm Sep 28, 2016 4:06pm
daily closed 6 min ago.
no trades for me.
  • #5,032
  • Sep 28, 2016 4:07pm Sep 28, 2016 4:07pm
Quoting yonnie
{quote} not a stupid idea. reminds me of a thread by Feb2865, system I. thought about this before, but then forgot. will have a look on my charts. Bk8: dont know if you have a journal with all your trades and could see if this idea has any merit?
It hasn't been 6 months? Should we really be making changes to the system already? It goes against the rules.

Stop contradicting yourself. In one breath you are saying no changes and in the other you are saying good idea lets see if it has merit. Is it up to you to pick and choose the changes?

If you want an old boys club and to keep this little 'click' you have going to a select few then come right out and say it.
  • #5,033
  • Sep 28, 2016 4:10pm Sep 28, 2016 4:10pm
Quoting yonnie
daily closed 6 min ago. no trades for me.
Agree.
So many in the Commercial section want to make me rich! :o
  • #5,034
  • Sep 28, 2016 4:17pm Sep 28, 2016 4:17pm
Quoting PipThePanda
{quote} It hasn't been 6 months? Should we really be making changes to the system already? It goes against the rules. Stop contradicting yourself. In one breath you are saying no changes and in the other you are saying good idea lets see if it has merit. Is it up to you to pick and choose the changes? If you want an old boys club and to keep this little 'click' you have going to a select few then come right out and say it.
did not say "good" idea - I said not a stupid idea.
no its not up to me to make changes; I have no power over whats in post 1.
that why I was asking the chief himself aka Bk8 if the idea has any merit.
after all he is at it for longer than 6 months.
wish everybody would ask Bk8 first before coming up with something new.
was I so terribly wrong in asking Bk8 what his thoughts are???
  • #5,035
  • Sep 28, 2016 4:26pm Sep 28, 2016 4:26pm
Quoting yonnie
daily closed 6 min ago. no trades for me.
cadjpy coming back form strong resistance, shall we not consider it ?
  • #5,036
  • Sep 28, 2016 4:32pm Sep 28, 2016 4:32pm
Quoting aszain02
{quote} cadjpy coming back form strong resistance, shall we not consider it ?
could be possible resistance @ 77.50, but anything can happen.
  • #5,037
  • Sep 28, 2016 4:36pm Sep 28, 2016 4:36pm
Hey Bk8. The system is much appreciated and with proper mm and general knowledge is highly profitable. Im going to have to check out of this thread tbough. For a lack of a better term it has become a complete clusterfuck of whining and bickering. Best wishes in your trading!
  • #5,038
  • Edited 4:59pm Sep 28, 2016 4:36pm | Edited 4:59pm
Quoting Bk8
{quote} Performance Summary Setups from previous week G/A +635 Pips!!!!!! (Second Position) G/CHF + 350 Pips!!| (closed) A/U + 150 Pips! (Second Positon) E/A + 260 Pips!! (Second Position) G/N + 30 Pips (First Position)... -60 Pips (Second Position ) N/CAD + 20 Pips (First Position) -105 Pips (Second Position) Setups from Sunday A/CHF - 65 Pips (SL) E/J - 110 Pips (SL) Setups from Monday G/C + 20 Pips (First Position) E/CHF - 21 Pips So far we have 3 losers in last 4 weeks!!! Today's Setups Long GBP/CHF and NZD/CHF Short EUR/NZD Thank you very much...
Performance Summary

Setups from previous week

 

  1. G/A +685 Pips!!!!!! (Second Position)
  2. A/U + 172 Pips! (Second Positon)
  3. E/A + 306 Pips!!! (Second Position)
  4. G/N + 30 Pips (First Position)... -16 Pips (Second Position )
  5. N/CAD + 20 Pips (First Position) Breakeven (Second Position)



Setups from Monday

  1. G/C + 20 Pips (First Position) - 120 pips (second Position)
  2. E/CHF - 16 Pips


Setups from Tuesday

  1. GBP/CHF - 4 pips
  2. NZD/CHF - 65 pips (SL)
  3. EUR/NZD - 135 Pips (SL)


So far we have 5 losers in last 4 weeks!

Today's Setups

Long AUD/JPY and CAD/JPY
Short USD/CAD

Thank you very much for your support. All the best!

Disclaimer : USE OF THIS THREAD/SUGGESTIONS AT YOUR OWN DISCRETION AND RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS!

  • #5,039
  • Sep 28, 2016 4:40pm Sep 28, 2016 4:40pm
Quote
Performance Summary

Setups from previous week

 

  1. G/A +685 Pips!!!!!! (Second Position)
  2. A/U + 172 Pips! (Second Positon)
  3. E/A + 306 Pips!!! (Second Position)
  4. G/N + 30 Pips (First Position)... -16

...


  • #5,040
  • Sep 28, 2016 4:51pm Sep 28, 2016 4:51pm
Todays Trades

a) SELL NZDCAD: one of the few pairs that ties in with the weekly - adaptation of BK8 - thanks Shum, lets see
b) BUY CADJPY: Plenty room upto weekly SMA, also retraced to 1.27% fib, so went for it - just needs to break through some resistance!
c) SELL USDCAD: Weekly unclear but daily a good big candle and momentum.

Fingers crossed for some pips on these.
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