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Monthly Profit - Daily Trading using SMA

  • #5,301
  • Sep 30, 2016 11:01am Sep 30, 2016 11:01am
Quote
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats...

  • #5,302
  • Sep 30, 2016 11:07am Sep 30, 2016 11:07am
Quoting FX-Flux
{quote} Im staying. I like this system.
Same with me mate..staying Fell in love with it..will try this for about 6 months
Read 1st post , if you don't understand something , then , ask a question
  • #5,303
  • Sep 30, 2016 11:14am Sep 30, 2016 11:14am
Bad week, but still in
Thanks BK8
  • #5,304
  • Sep 30, 2016 11:17am Sep 30, 2016 11:17am
Quoting Ghibli
{quote} Sad , but true.. 1. Find a system 2. Excitement - make some money 3. Bad week - oh, so the system does not work 4. Jump to another system 5. Repeat
#truth

need to replace #4 with

4. Take a step back and reflect. Maybe exercise or do something to clear your head and come back mentally strong!
  • #5,305
  • Sep 30, 2016 11:18am Sep 30, 2016 11:18am
Hahaha really a lot left because they thought BK8 strategy does not work? Goodbye to you! Bk8 have shown something you could use forever just replace entry and exit strategy according to your other indicator. I didn't follow his exit strategy and also entry coz sometimes this level already seats either great support or resistance. That's a good tip already so do your home work and not just anyhow enter when you see candle close after passing through 5SMA shift zerrrro!
  • #5,306
  • Sep 30, 2016 11:18am Sep 30, 2016 11:18am
Quoting martyhype
{quote} Gday, yes at the end of the day it is discretionary entry but used post 1 for guideline. Take profit was easy, if the candle the next day was in profit, close first position and move second postion to break even and let it run. I let second position run until I came across a new setup.
Hi martyhype;

When you say "let second position run until I came across a new setup", am I correct to assume that you mean a valid new setup in the opposite direction? I know that it is probably obvious but I just want to make sure I understand correctly. Thanks
Cluttered charts are visual diarrhea. Whats on your charts?
  • #5,307
  • Sep 30, 2016 11:23am Sep 30, 2016 11:23am
Quoting marinecorps
{quote} #truth need to replace #4 with 4. Take a step back and reflect. Maybe exercise or do something to clear your head and come back mentally strong!
Thumbs up
Read 1st post , if you don't understand something , then , ask a question
  • #5,308
  • Sep 30, 2016 12:41pm Sep 30, 2016 12:41pm
Quoting jmmn
mathy and rapzyFX, thanks for you comments to my post. They are positive and constructive. It was a pleasure to read you both. Thanks again. I learned and that is what I am looking for.
Hey thats what we are here for - to learn from each other. Traders Helping Traders.

Just so you know, I learn fro you too and almost everyone here.

Cheers
  • #5,309
  • Sep 30, 2016 1:12pm Sep 30, 2016 1:12pm
I just would like to share my experience using this system... yes, I had a bad week too, nothing seems to be working, but this happened after almost a entire month without a loss and I'm still profitable.

My goals is 10% per month risking from 2.0% to 2.5% of my account each trade.

August: 10.3%
September: 9% (was 18% before this week)

The only difference is that I'm not taking 2 positions (because of my account size), only 1 and I move the SL to breakeven after the first day in profit.

I still have some trades that are not doing good right now, EURAUD (Buy), AUDUSD (Sell), EURGBP (Buy), CADJPY (Buy).

I'm sure we will have more bad days or weeks, but this system works, it's great and I'm still in!
  • #5,310
  • Sep 30, 2016 1:19pm Sep 30, 2016 1:19pm
Quoting bzK
I just would like to share my experience using this system... yes, I had a bad week too, nothing seems to be working, but this happened after almost a entire month without a loss and I'm still profitable. My goals is 10% per month risking from 2.0% to 2.5% of my account each trade. August: 10.3% September: 9% (was 18% before this week) The only difference is that I'm not taking 2 positions (because of my account size), only 1 and I move the SL to breakeven after the first day in profit. I still have some trades that are not doing good right now,...
Great to hear that bzK ! Thank you for sharing your results
Read 1st post , if you don't understand something , then , ask a question
  • #5,311
  • Sep 30, 2016 1:37pm Sep 30, 2016 1:37pm
Quoting bzK
I just would like to share my experience using this system... yes, I had a bad week too, nothing seems to be working, but this happened after almost a entire month without a loss and I'm still profitable. My goals is 10% per month risking from 2.0% to 2.5% of my account each trade. August: 10.3% September: 9% (was 18% before this week) The only difference is that I'm not taking 2 positions (because of my account size), only 1 and I move the SL to breakeven after the first day in profit. I still have some trades that are not doing good right now,...
Great to hear that bzK ! Thank you for sharing your results
Read 1st post , if you don't understand something , then , ask a question
  • #5,312
  • Sep 30, 2016 1:40pm Sep 30, 2016 1:40pm
Guys if we don't write dosen't mean that we have gone..
  • #5,313
  • Sep 30, 2016 1:44pm Sep 30, 2016 1:44pm
Quoting bzK
I just would like to share my experience using this system... yes, I had a bad week too, nothing seems to be working, but this happened after almost a entire month without a loss and I'm still profitable. My goals is 10% per month risking from 2.0% to 2.5% of my account each trade. August: 10.3% September: 9% (was 18% before this week) The only difference is that I'm not taking 2 positions (because of my account size), only 1 and I move the SL to breakeven after the first day in profit. I still have some trades that are not doing good right now,...
thank you for your support.
Human beings are members of a whole, In creation of one essence and sol.
  • #5,314
  • Sep 30, 2016 1:50pm Sep 30, 2016 1:50pm
Quoting mizi123
Guys if we don't write dosen't mean that we have gone..
Like others here I am certainly sticking with this system. I have achieved 19.8% in 3 weeks live trading using an aggressive 5% per trade. Again I want to thank BK and others here for the great help and advice.
  • #5,315
  • Sep 30, 2016 1:52pm Sep 30, 2016 1:52pm
Quoting Brian214
{quote} Like others here I am certainly sticking with this system. I have achieved 19.8% in 3 weeks live trading using an aggressive 5% per trade. Again I want to thank BK and others here for the great help and advice.
Good man although 5% is suicide, but we all learn as we go along
  • #5,316
  • Sep 30, 2016 2:41pm Sep 30, 2016 2:41pm
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member. Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have...
Appreciate the pep talk, but what system did you jump from to start using this one? How do you know if you stick to the rules you will come out on top? How long have you been using this method?
  • #5,317
  • Sep 30, 2016 2:44pm Sep 30, 2016 2:44pm
So much in market to fail any system.

Do a bit due diligence as well.
  • #5,318
  • Sep 30, 2016 3:21pm Sep 30, 2016 3:21pm
It's been a bad week compared to some in the past couple of months but for me it's still been a week that ends in the green. Although it is against the rules I do not mind taking profit early (Even just before 1:1 risk) and then moving second SL to break even. Occasionally I will miss out on a nice big trade but I also do not get stopped out all of the time by trades that turn..
Most of the trades using this system are well profitable at some point throughout the 24 hours after entry.
It's a great system that anyone can use and make work for them.
Thanks for the system Bk8. Keep it up .
  • #5,319
  • Sep 30, 2016 3:43pm Sep 30, 2016 3:43pm
Quoting bzK
I just would like to share my experience using this system... yes, I had a bad week too, nothing seems to be working, but this happened after almost a entire month without a loss and I'm still profitable. My goals is 10% per month risking from 2.0% to 2.5% of my account each trade. August: 10.3% September: 9% (was 18% before this week) The only difference is that I'm not taking 2 positions (because of my account size), only 1 and I move the SL to breakeven after the first day in profit. I still have some trades that are not doing good right now,...
I WAS up ~90% last week! Now look! No matter though 😃🍻🍻🍻😌😌😌😌😌
So many in the Commercial section want to make me rich! :o
  • #5,320
  • Sep 30, 2016 4:27pm Sep 30, 2016 4:27pm
Quoting PipThePanda
It's been a bad week compared to some in the past couple of months but for me it's still been a week that ends in the green. Although it is against the rules I do not mind taking profit early (Even just before 1:1 risk) and then moving second SL to break even. Occasionally I will miss out on a nice big trade but I also do not get stopped out all of the time by trades that turn.. Most of the trades using this system are well profitable at some point throughout the 24 hours after entry. It's a great system that anyone can use and make work for them....
Thats ok, As I mentioned earlier... reversal has troubled us a lot. So I think you did right thing.
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