Monthly Profit - Daily Trading using SMA

agree completely.
dont think its any joy for me with some others to keep this thread in the way Bk8 intended.
Bk8 doesn`t appear to be willing to write anything in post 1 to keep the thread pure.
but that`s allright - his choice.
so from this date I withdraw from my self-appointed post of enforcer.
will just follow the thread.
all the gurus can now rejoice

@yonnie, @BP, @monaghan

Lets focus on our strategy. If you notice, noise is coming from most of guys who started using this thread this week, bad timing for them so let them have some fun.

I have added following on #1 Thanks very much Oddbjorg!!

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

Hello. ac short. Thank you. Oddbj.

Hi Fadhl,

Are u able to give an example on a chart as I'm not clear what this means.

Thanks

You guys are the pillars of this thread... we need to work as a great Team, purpose of this thread is not for individual's gain or loss.

I totally agree with Bk8. I have started very recently live with this system and naturally I am in red as I don't have those green pips as Bk8 is holding from the past. But I am still taking the trades with very small size according to the system. Any trend following system will have lots of losing trades when market is choppy and when it will catch the trend it will compensate all the losses as long as you have faith in your system, control your greed/fear and stick to your rules. Bk8, please keep it up. Don't be discouraged with random comments. Lot of good threads died because of this.
Thanks,
FX_California

Hey BK8

Just wanting to check how you got Long AUD/JPY.

Looking at the chart it has been sideways for over a week.
Also the cross of the SMA was yesterday.

Regards,

i am take entry eurcad

We are all here to learn and render our little help where we can. All thanks to BK8 for sharing this awesome strategy with us.

sorry mate, i folow this thread from the begin, i dont like to speak to much, and i didnt lose any peny this week with this system..
i sow traders who was speak about lost trades and open negative trades this week..so i try to give them some "ideas"( how say yonnie), what is a complect system, how to stop to be nervos, to resist in drowdown, an so on, or aple some filtres( like W charts with the same rules) if..just if this will help them to stay calm, until market will start to play normaly..
i dont remeber the post number, it was some time ago, where you saying, that you will be glad to if rest traders will imput some knology or ideas( somthing like that), for make this system more consistent, and that you are not a trader with big experience, but you are comfortable with the system on that way.. so some where in this thread exist a post like that for sure...
and now ...when some traders here try to stop other traders to give ideas or imput somthing new( is not about indicators) in this thread, with reference on the words buy you that you was make pips constistent for 6-8 months... and system work..for me is strange and stuped.. first of all nobody here didnt make any back test, for a long period on all pairs, so in a range market here mey apeare some problems with consistent profit..i didnt see any resultates postet here from you about 8 months of work..was just words about 8 months of making money..but..this is just words.. no facts...
so here are a lot of newbe traders, who start to work on real accounts, without to be sure or without any experience on trading system like that, what hapen in range market like this week,days, what will be next week and so on,will resist them or not..
soo..
a think we steel have here a lot of work, and after 6-7 months we will see what this system can do for real..we will se, not you..you know the true, we dont...
i dont whant you to understan me wrong, or other traders, its a good system, i just whant to say, that is nothing bad in a reaction from peoples this week when they have bad days on trading this system..and is nothing bad if we discus here some "ideas"..
thx..and sorry.

As a losing pips member this week, I take full responsibility for my loses and do not blame the system for casing these losses.
This is the forex market. It doesn't always play by the rules. I am i giving up cause i have had a losing week? Ummm no! you get back on the horse and do it all over again.
The strategy will work and yes it may have some losing weeks. But the gains to be made are more than worth the small hits we are going to receive.

BK8 keep up the good work and don't let the minority put you down. Thank you for the time an effort you have put into this thread as well as all other contributors.

Haha also to rub salt into the wound.
EUR/NZD hit the SL by 2 pips and then retraces back 100 pips.

If you buy AUDJPY, why not GBPJPY too?

I have been reading this thread everyday with interest.

I have also waited for losses to start rolling in during chop times. I believe this thread will go away as many others did of the similar breakout of the previous day high/low with the MA. It just a matter of time before chop will eat everyone else up.

The problem with this technique, especially trading daily bars, is, you do not have enough R:R profits to withstand Chop periods.

When I trade and I trade intraday 30 min and 1hour bars, my R:R is at least 1:3 on 30 min and and I try to go for 1:6 home runs on 1H. All these to withstand the loosing chop periods.

There is nothing new in what I am saying, it is obvious.

No need to be sorry. But the fact you said it, tell me that you have great attitude. Your input will be valuable to many silent followers of this thread.


Thanks

The same here mate , no trades for me Today

I just started trading this way today on SIM. I'm not using the EXACT settings of this method. My settings are the 5 EMA set to the low of the candles. Entry is the same as this method, using momentum, no sideways moves, etc. I'm already up $500 on the ES. Not bad.

Thank you Sir!

runing trade big pip target