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Monthly Profit - Daily Trading using SMA

Quoting mizi123
Intresting ...... Intuition In Trading And Investing: Can You Trust It? Intuition In Trading And Investing: Can You Trust It? This is a Guest Post by Alex @MacroOps which was originally posted HERE. Do you ever get that feeling that a certain trade will be huge? That you should size up on it and go for the jugular? You can’t exactly describe why this trade is the “one”, but you can definitely feel it. This feeling is what...
dang
here good trade SMA+Candle

1H + D Time frame

for safe stop lose with 1 H Time frame

and put X lot buy stop

will be safe

good luck
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I understand mizi123s suggestion about increasing the risk to reward ratio by reducing the stop loss.

i like BK8 s entry method as it suits my style. I don't want to be in front of the computer all the time. So my suggestion would be to increase the reward rather than reducing the risk. I have been testing a slightly different exit method with moderate success. For example: i was able to get about 350pips from recent usdjpy trade. In some other cases , i only made less pips than classic bk8 method but risk reward ratio of my trades were minimum 1:3 and i stayed in some of the trade for more than 6 days. in some cases, once the trend is confirmed, i added to my positions .

My exit method is no rocket science as i am still a beginner.I am not stating my variation due to my respect to bk8 and others in the forum

Merry Christmas all. Thanks for keeping this thread going.
Quoting Bk8
I have updated #1 Everyone can make consistent profit now Long - SMA line should in upward direction Short - SMA line should be in downward direction Ignore Flat SMA
Hi Bk8, after checking some of my earlier missed trades it looks like the point is not necessarily to enter on a flat sma (some setups on flat sma turned favorably) but to avoid mostly entering a trade against the trend shown by sma5.
I used to be indecisive but now I'm not so sure...
Hi Bk8
I use SMA5,Shift3 that correct or not Thank you very much.
Quoting grit23
Hi Bk8 I use SMA5,Shift3 that correct or not Thank you very much.
What is the Profit Factor & Recovery Factor of u strategy?
Hi traders EUR/AUD and EUR/NZD are grabing my attention tonight for tomorow they look very weak both AUD and NZD happy trading day tomorow
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Quoting Bk8
{quote} All previous setups except E/N are closed with + pips. Todays Setups Long AUD/NZD (Weak Setup, chances 60%) Short EUR/CAD (chances 70%)
SL for E/C triggered after a long time
A/N is still on
We have so may weak setups today almost like yesterday so No setups for today.
One more question ..Stop loss is previous candle of the entry candle correct?
Quoting uaehawx
here good trade SMA+Candle 1H + D Time frame for safe stop lose with 1 H Time frame and put X lot buy stop will be safe good luck {image} {image} {image}
I don't understand your strategy. Please explain.
Quoting Bk8
{quote} SL for E/C triggered after a long time A/N is still on We have so may weak setups today almost like yesterday so No setups for today.
Hello Bk8. My meaning was to like one of your posts, but did something wrong and I disliked. Error. I sure like your strategy. I become a bit dizzy when you prof start to have indicators lines and major discussions.
My travel on ff made me try everything under the sun almost nothing worked for me. Maybe some day I will understand those posts that go further than post one.
Merry Christmass to you and your family.
kind regards and thanks
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
Quoting shimmering
{quote} I don't understand your strategy. Please explain.
just i add candle to confirm sell

u will find like this candle on one hour time frame or 4 hour time frame

here
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EURGBP
Daliy done

4 hour we have confirm candle and macd also we have Divergence

we will see what happen

good luck all
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Quoting mizi123
Hi traders EUR/AUD and EUR/NZD are grabing my attention tonight for tomorow they look very weak both AUD and NZD happy trading day tomorow {image}
@mizi123 you are expert now... both setups are doing great..God bless you!
Quoting Bk8
{quote} @mizi123 you are expert now... both setups are doing great..God bless you!
Thanc you master for your valuation , what i have describe with days waching charts and price action i have come in conclusion that setups in wich price bounces from certain ADR levels work better that these one wich ocure in the middle od nowere just watch these 2 setups they both was in the radar on the start of thee week look's intresting
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Quoting lupo.grigio
One more question ..Stop loss is previous candle of the entry candle correct?
Hi Lupo here is everything you need
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All i can say that these system is amazing is worth to wait for a setup entire month...... thanc you BK8
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A Sma cross wow...I did not think about it!!! Now I will be millionarie :-)
Quoting mizi123
All i can say that these system is amazing is worth to wait for a setup entire month...... thanc you BK8 {image} {image}
Hello mizi

Could you please post the ATR indicator which you are using on your charts.
Regards
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