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Monthly Profit - Daily Trading using SMA

  • #6,181
  • Oct 18, 2016 8:42pm Oct 18, 2016 8:42pm
Quoting thor888
{quote} If CNY GDP goes up, AUDUSD goes up. Whether CNY GBP is up or down, your guess is as good as mine.
Price action on lower timeframes was showing down earlier, but as you said if CNY GDP is up, aud/usd will definitely go up. I think it should go up, i closed my positions earlier in the day. Was thinking of reentering, IDK.
  • #6,182
  • Oct 18, 2016 9:02pm Oct 18, 2016 9:02pm
Quoting caillo
{quote} Price action on lower timeframes was showing down earlier, but as you said if CNY GDP is up, aud/usd will definitely go up. I think it should go up, i closed my positions earlier in the day. Was thinking of reentering, IDK.
Who cares when we know we wont lose in either case
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  • #6,183
  • Oct 18, 2016 9:14pm Oct 18, 2016 9:14pm
Quoting Bk8
{quote} Who cares when we know we wont lose in either case {image}
Hi BK8, good morning,

Can you please let me know the smas you are using? Yes I know, one is 5SMA, what about the second one?
Jakepuia
  • #6,184
  • Oct 18, 2016 9:38pm Oct 18, 2016 9:38pm
Quoting Jakepuia
{quote} Hi BK8, good morning, Can you please let me know the smas you are using? Yes I know, one is 5SMA, what about the second one?
Bottom of Post #1 explains it all the other one is Sma 5,3. He is testing it.
  • #6,185
  • Oct 18, 2016 9:41pm Oct 18, 2016 9:41pm
Quoting Bk8
{quote} Who cares when we know we wont lose in either case {image}
Are you for real? We are trying to add something more to a mechanical system in order to profit more or lose less, i'm not trying to change your system, i have my own tweaks I don't share, so "no one gets confused"
  • #6,186
  • Oct 18, 2016 10:36pm Oct 18, 2016 10:36pm
Quoting caillo
{quote} Are you for real? We are trying to add something more to a mechanical system in order to profit more or lose less, i'm not trying to change your system, i have my own tweaks I don't share, so "no one gets confused"
I used demo account for 1 day when I started forex and never used after that in last 2.5 years.
Demo account is for the kids
  • #6,187
  • Oct 18, 2016 11:10pm Oct 18, 2016 11:10pm
E/N 250 pips profit so far
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  • #6,188
  • Oct 19, 2016 1:47am Oct 19, 2016 1:47am
Quoting Bk8
{quote} I used demo account for 1 day when I started forex and never used after that in last 2.5 years. Demo account is for the kids
WOW, you have gone too far with you opinion . So, many of demo traders here you consider as "kids".
You don't have a right to said that while you still trading with 0.01 lot & treat trading as your hobby.
Sorry Bk8, you lost my respect.
  • #6,189
  • Oct 19, 2016 2:01am Oct 19, 2016 2:01am
Sell USDJPY
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  • #6,190
  • Oct 19, 2016 2:26am Oct 19, 2016 2:26am
Quoting pipmunks
{quote} WOW, you have gone too far with you opinion . So, many of demo traders here you consider as "kids". You don't have a right to said that while you still trading with 0.01 lot & treat trading as your hobby. Sorry Bk8, you lost my respect.
after all that time and effort Bk8 has put into the thread to educate newbies is your view not a little harsh?
cant you give him a second chance before putting him in the sin bin forever???
  • #6,191
  • Oct 19, 2016 2:41am Oct 19, 2016 2:41am
Please break through 😭
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So many in the Commercial section want to make me rich! :o
  • #6,192
  • Oct 19, 2016 2:56am Oct 19, 2016 2:56am
Quoting FX-Flux
Please break through {image}
As soon as makes new HH i hope
  • #6,193
  • Oct 19, 2016 3:00am Oct 19, 2016 3:00am
Quoting yonnie
{quote} after all that time and effort Bk8 has put into the thread to educate newbies is your view not a little harsh? cant you give him a second chance before putting him in the sin bin forever???
Hi yonnie after a long time im thinking a bout the gender of the pair is male or female
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  • #6,194
  • Oct 19, 2016 3:09am Oct 19, 2016 3:09am
Commodities:
-Oil on check list and about to break free from wedge, a well kbown continuation pattern.
-Gold gave a signal according to our main strategy.
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I used to be indecisive but now I'm not so sure...
  • #6,195
  • Oct 19, 2016 3:11am Oct 19, 2016 3:11am
Quoting yonnie
{quote} after all that time and effort Bk8 has put into the thread to educate newbies is your view not a little harsh? cant you give him a second chance before putting him in the sin bin forever???
I personally appreciate all of the Bk8 effort & time spent into this thread & his willingness to share this method. But if he really want to teach newbies, isn't he supposed to recommend newbies trade on demo first, instead underestimate demo trader as kids?
Trading is my main source of income for living, but I still use demo for testing purpose till now. There's no need to feel embarrassed using demo account. Unless you're super rich & don't need money, but why trading at first if you don't need money?

It's Bk8 right to have his own opinion, but I can't be remain silent while he's gone too far. I don't need apologize or clarification, as I have my own opinion too & it's doesn't changed by other people opinion easily. I only straighten out some things that I think necessary.
  • #6,196
  • Oct 19, 2016 3:24am Oct 19, 2016 3:24am
Rising commodities (and particularly Gold if rebound is confirmed) should support AUD despite the disappointing release of Chinese Industrial Production.

Currently AUDUSD is stuck on 78.6% Fibonnaci retracement from the last big downward trend:
https://www.tradingview.com/x/yNhbOxXW/
I used to be indecisive but now I'm not so sure...
  • #6,197
  • Oct 19, 2016 3:29am Oct 19, 2016 3:29am
Quoting Filipo1
Rising commodities (and particularly Gold if rebound is confirmed) should support AUD despite the disappointing release of Chinese Industrial Production. Currently AUDUSD is stuck on 78.6% Fibonnaci retracement from the last big downward trend: https://www.tradingview.com/x/yNhbOxXW/
This chart is better: https://www.tradingview.com/x/MqsdAuMk/
I used to be indecisive but now I'm not so sure...
  • #6,198
  • Oct 19, 2016 3:31am Oct 19, 2016 3:31am
Quoting Filipo1
{quote} This chart is better: https://www.tradingview.com/x/MqsdAuMk/
And now in daily : https://www.tradingview.com/x/KTb1fjH6/
I used to be indecisive but now I'm not so sure...
  • #6,199
  • Oct 19, 2016 3:38am Oct 19, 2016 3:38am
Quoting pipmunks
{quote} I personally appreciate all of the Bk8 effort & time spent into this thread & his willingness to share this method. But if he really want to teach newbies, isn't he supposed to recommend newbies trade on demo first, instead underestimate demo trader as kids? Trading is my main source of income for living, but I still use demo for testing purpose till now. There's no need to feel embarrassed using demo account. Unless you're super rich & don't need money, but why trading at first if you don't need money? It's Bk8 right to have his own opinion,...
I agree. Nobody should put anybody down. I have been trading live for seven years and I am in direct contact with at least ten people on this thread who are stilling demoing And I learn alot from them.
Thanks
  • #6,200
  • Oct 19, 2016 3:48am Oct 19, 2016 3:48am
Although I somewhat agree with BK8 about demo accounts, they do more harm than good to your psycology if using to trade, only use demo to get used to the platform NOT TO TRADE, if you are testing systems and methods do it on a mini account and/or at minimal lots, demo gives no training to your psycology, and trading like poker is only 20% skill believe it or not, the other 80% is psycology, which is why demo does more harm than good regarding trading.

But BK8 a little below the belt with the comment above, this is a decent thread with great info and basic methodology for new traders, lets not turn it into a school playground.
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