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Monthly Profit - Daily Trading using SMA

  • #5,541
  • Oct 4, 2016 4:56pm Oct 4, 2016 4:56pm
I found that EA is too sideways. A lot of days around the same prices.
Went long EN and short NU. 1% risk each one.
  • #5,542
  • Oct 4, 2016 5:07pm Oct 4, 2016 5:07pm
I wish people posting on this thread will stay the course and not introduced all sorts of modified approach. We have a rule, we can simply follow them. If you must post your indicators, please, try to get around why the author came up with the strategy in the first place. If you have indies, that's up to you, but keep them for your eyes only. Newbies on this thread may get confused on how to go about with the strategy.
  • #5,543
  • Oct 4, 2016 5:11pm Oct 4, 2016 5:11pm
Quoting tobymarshall
I wish people posting on this thread will stay the course and not introduced all sorts of modified approach. We have a rule, we can simply follow them. If you must post your indicators, please, try to get around why the author came up with the strategy in the first place. If you have indies, that's up to you, but keep them for your eyes only. Newbies on this thread may get confused on how to go about with the strategy.
Too right!!!!!
  • #5,544
  • Oct 4, 2016 5:12pm Oct 4, 2016 5:12pm
Quoting Trucomallica
I found that EA is too sideways. A lot of days around the same prices. Went long EN and short NU. 1% risk each one.
I also use 1% risk on each pair to protect may account.
  • #5,545
  • Oct 4, 2016 5:15pm Oct 4, 2016 5:15pm
Quoting jmmn
{quote} I understand this: 1.- Then you will close both positions after the SL has been touched in the first day 2.- S/R are sttong S/R that you find in the chart 3.- Yes, it only refers to the second position
Thanks for replying Jmmn questions 2 and 3 are understood now. Question 1 however what if your at a loss at the end of the first day of opening the trades and they haven't hit the SL then do yous still keep them open?
  • #5,546
  • Oct 4, 2016 5:15pm Oct 4, 2016 5:15pm
Ohhh this is much better.
The market is actually following the rules. Such a nice feeling when this is happening. Last week was mentally tough!
  • #5,547
  • Oct 4, 2016 5:16pm Oct 4, 2016 5:16pm
Quoting Trucomallica
I found that EA is too sideways. A lot of days around the same prices. Went long EN and short NU. 1% risk each one.
I believed that the strategy avoids trades that are touching outer BB's.
Both the EN and NU are hitting those bands.
Cheers
  • #5,548
  • Oct 4, 2016 5:21pm Oct 4, 2016 5:21pm
Quoting arielcorp
{quote} I believed that the strategy avoids trades that are touching outer BB's. Both the EN and NU are hitting those bands. Cheers
Yes, I actually forgot about that, but it also says that BB are optional
  • #5,549
  • Oct 4, 2016 5:24pm Oct 4, 2016 5:24pm
Quoting tobymarshall
I wish people posting on this thread will stay the course and not introduced all sorts of modified approach. We have a rule, we can simply follow them. If you must post your indicators, please, try to get around why the author came up with the strategy in the first place. If you have indies, that's up to you, but keep them for your eyes only. Newbies on this thread may get confused on how to go about with the strategy.
yes I agree -if people want to modify someone should start a thread Monthly Profits-Daily trading Modified and everyone who modifies it can post there under one heading.They can keep posting here and if someone asks why they took the trade and its not to BK8 rules just direct them to the other thread.That way you can say what you want without confusing people and respect BK8 and everyone wins.
No disrespect to anyone cause no one system suits everyone and a slight modification may help someone.
Ray
  • #5,550
  • Oct 4, 2016 5:30pm Oct 4, 2016 5:30pm
Quoting Civitas
{quote} AUD/USD is this one a trading a little sideways?
As you can see it is not trading sideways at the moment.
Attached Image
  • #5,551
  • Oct 4, 2016 6:07pm Oct 4, 2016 6:07pm
Quoting nwannao
{quote} As you can see it is not trading sideways at the moment.{image}
Iam with you
  • #5,552
  • Edited Oct 5, 2016 4:51pm Oct 4, 2016 6:21pm | Edited Oct 5, 2016 4:51pm
Hello. AU short. UC long. Thank you. Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #5,553
  • Oct 4, 2016 6:52pm Oct 4, 2016 6:52pm
GU on Support, ready for BUY
  • #5,554
  • Oct 4, 2016 6:59pm Oct 4, 2016 6:59pm
Quoting Trucomallica
{quote} Yes, I actually forgot about that, but it also says that BB are optional
Entry

  1. Long - When previous D1 bull candle's body has clearly crossed SMA and did not touch BB upper band.
  2. Short - When previous D1 bear candle's body has clearly crossed SMA and did not touch BB lower band.

It says "and did not touch BB's. - for entry.

The touching BB's was optional for exit of trade.
That's how I read it!!
Cheers

  • #5,555
  • Oct 4, 2016 7:44pm Oct 4, 2016 7:44pm
Quoting arielcorp
{quote} Entry Long - When previous D1 bull candle's body has clearly crossed SMA and did not touch BB upper band. Short - When previous D1 bear candle's body has clearly crossed SMA and did not touch BB lower band. It says "and did not touch BB's. - for entry. The touching BB's was optional for exit of trade. That's how I read it!! Cheers
At the start of the first post it says that BBs are optional.
I made a mistake but that's what demo accounts and MM are, right?
  • #5,556
  • Oct 4, 2016 8:51pm Oct 4, 2016 8:51pm
Quoting Trucomallica
{quote} At the start of the first post it says that BBs are optional. I made a mistake but that's what demo accounts and MM are, right?
Don't beat yourself up over it. Simple misread.
It was saying that the BB's indicator was optional on the chart!!!
If you do use BB's then use them as a guide for entry and an option for exit.

Hope this clears it up.
Cheers
  • #5,557
  • Oct 4, 2016 10:49pm Oct 4, 2016 10:49pm
A/J is losing momentum now
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  • #5,558
  • Oct 4, 2016 10:51pm Oct 4, 2016 10:51pm
Same with N/C
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  • #5,559
  • Oct 4, 2016 10:54pm Oct 4, 2016 10:54pm
E/CHF has recovered profit but BB upper band is not very far.. I think it has less chance to continue momentum after BB cross
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  • #5,560
  • Oct 4, 2016 11:27pm Oct 4, 2016 11:27pm
Quoting Bk8
E/CHF has recovered profit but BB upper band is not very far.. I think it has less chance to continue momentum after BB cross {image}
didn`t know you took E/CH on Sunday.
I did not, `cos I thought it did not have much to run before hitting resistance.
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