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Monthly Profit - Daily Trading using SMA

  • #7,921
  • Feb 20, 2017 8:41am Feb 20, 2017 8:41am
Quoting benjodeng
Hi Guys, Been trying this strategy on a demo account but it appears that i may have misunderstood the stop loss strategy. Can someone let me know what is the daily stop loss strategy upon entering into a position? As amateur as it sounds, i have been shifting daily stop loss to previous day's low (-15pips) / high (+15 pips). Thank you in advance.
Hi
My understanding was .....
a) You move your take profit to BE if the trade goes against you.
b) You only move SL if you are in profit at day end the previous candle high / low +- 15
  • #7,922
  • Feb 20, 2017 5:48pm Feb 20, 2017 5:48pm
Quoting onarticus
{quote} Hi Sure, here are week 2 trades. Count gold as / 10 (93 pips). {image}
Excuse me, I mean charts or just time of trades
Just an opinion. Based on research
  • #7,923
  • Feb 20, 2017 7:12pm Feb 20, 2017 7:12pm
21-02-2017-01:12
gc
All the best to all of you. But don't follow me. I am a learner.
  • #7,924
  • Edited 5:44am Feb 21, 2017 5:29am | Edited 5:44am
Oddbjorg - Doesn't it appear to be ranging? Did you short it?

Is it GCAD or GCHF?
This seems to be a dull start of week..
  • #7,925
  • Feb 21, 2017 5:43am Feb 21, 2017 5:43am
Quoting kski
Oddbjorg - Doesn't it appear to be ranging? Did you short it? This seems to be a dull start of week..
Hello.
No, I did not short it.
Why should I ? Looked like a buy - set up.
Have yet to find out what went wrong.
All the best to all of you. But don't follow me. I am a learner.
  • #7,926
  • Feb 21, 2017 5:51am Feb 21, 2017 5:51am
Quoting kski
Oddbjorg - Doesn't it appear to be ranging? Did you short it? Is it GCAD or GCHF? This seems to be a dull start of week..
gc gbpcad
gch gbpchf

I had better stop being so lazy and write the whole pair name, sorry.
All the best to all of you. But don't follow me. I am a learner.
  • #7,927
  • Feb 21, 2017 6:57am Feb 21, 2017 6:57am
Quoting onarticus
{quote} Hi My understanding was ..... a) You move your take profit to BE if the trade goes against you. b) You only move SL if you are in profit at day end the previous candle high / low +- 15
Thanks, onarticus
  • #7,928
  • Feb 21, 2017 11:33am Feb 21, 2017 11:33am
Quoting Oddbjorg
{quote} gc gbpcad gch gbpchf I had better stop being so lazy and write the whole pair name, sorry.
Thank you Oddbjorg.

From my desktop it definitely looking going sideways. In mobile app, the trend is clearer.
  • #7,929
  • Feb 21, 2017 12:14pm Feb 21, 2017 12:14pm
Quoting kski
{quote} Thank you Oddbjorg. From my desktop it definitely looking going sideways. In mobile app, the trend is clearer.
It is going in the right direction now. So far so good.
All the best to all of you. But don't follow me. I am a learner.
  • #7,930
  • Feb 21, 2017 12:42pm Feb 21, 2017 12:42pm
Quoting Oddbjorg
{quote} It is going in the right direction now. So far so good.
Took it 50 pips+. No ice left.
All the best to all of you. But don't follow me. I am a learner.
  • #7,931
  • Feb 21, 2017 3:02pm Feb 21, 2017 3:02pm
Tues 21 Feb 2017

AJ SELL 1 Position
NCHF BUY 1 Position
  • #7,932
  • Feb 21, 2017 3:03pm Feb 21, 2017 3:03pm
Quoting Oddbjorg
{quote} gc gbpcad gch gbpchf I had better stop being so lazy and write the whole pair name, sorry.
Nice trade. I missed that one.
  • #7,933
  • Feb 21, 2017 3:16pm Feb 21, 2017 3:16pm
Quoting onarticus
{quote}
Tues 21 Feb 2017

AJ SELL 1 Position
NCHF BUY 1 Position
AJ sell? My chart is looking like it is about to go up. Would you be able to point out what I am overlooking?

Red line is MA 5 shift 3
Blue line is MA 5 shift 0

Thanks in Advance
Attached Image (click to enlarge)
Click to Enlarge Name: aj.PNG Size: 30 KB
  • #7,934
  • Feb 21, 2017 3:29pm Feb 21, 2017 3:29pm
Quoting kski
{quote} AJ sell? My chart is looking like it is about to go up. Would you be able to point out what I am overlooking? Red line is MA 5 shift 3 Blue line is MA 5 shift 0 Thanks in Advance {image}
Hi, looks odd doesn't it. I took an AJ sell on an up bar which isn't in the rules. Its a tight stop loss but the 5 SMA is pointing down and the upmove looks like a retracement. Its squarely against the rules. I should have pointed that out. Lets see how it pans out.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 28 KB
  • #7,935
  • Feb 21, 2017 4:19pm Feb 21, 2017 4:19pm
Quoting onarticus
{quote} Hi, looks odd doesn't it. I took an AJ sell on an up bar which isn't in the rules. Its a tight stop loss but the 5 SMA is pointing down and the upmove looks like a retracement. Its squarely against the rules. I should have pointed that out. Lets see how it pans out. {image}
Thank you for clarifying. I appreciate it.

Hope it moves in your favor.
  • #7,936
  • Feb 21, 2017 4:54pm Feb 21, 2017 4:54pm
Going long again with uj and aj
  • #7,937
  • Feb 21, 2017 8:05pm Feb 21, 2017 8:05pm
Tuesd. 22/02-2017-02:00
Hello.

I know this is close to bb, but I thougth it would be ok because of trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_0913.PNG Size: 284 KB
Click to Enlarge Name: IMG_0912.PNG Size: 276 KB
All the best to all of you. But don't follow me. I am a learner.
  • #7,938
  • Feb 21, 2017 11:12pm Feb 21, 2017 11:12pm
Quoting Oddbjorg
Tuesd. 22/02-2017-02:00 Hello. I know this is close to bb, but I thougth it would be ok because of trend. {image} {image}
hi

i noticed u using 2 moving averages as an indicator. can u share it the setting and why u used 2 moving averages instead of 1 that teach by bk8?thank you
  • #7,939
  • Feb 22, 2017 4:11am Feb 22, 2017 4:11am
Quoting Oddbjorg
Tuesd. 22/02-2017-02:00 Hello. I know this is close to bb, but I thougth it would be ok because of trend. {image} {image}
22-02-2017 - 10:10
Both of these closed with + pips.
Thank you
All the best to all of you. But don't follow me. I am a learner.
  • #7,940
  • Feb 22, 2017 4:21am Feb 22, 2017 4:21am
Quoting ErollZach
{quote} hi i noticed u using 2 moving averages as an indicator. can u share it the setting and why u used 2 moving averages instead of 1 that teach by bk8?thank you
Hello
Besides sma 5 I sometimes have a look at sma 3, and see if they cross on the candle.
It was in the Bk8 strategy in the beginning, but the strategy was then changed to, that it is not needed, because they could see the moving of the prices without.
But sometimes I just have a look.
I am not sure, and please don't follow me, but I interpreted this crossing of lines as it was ok to trade because the trend would continue, even though it was so close to lower and upper bbs.
Do you understand a word of what I am writing - --? -- or else you return, and can try to explain better.
Good luck.
All the best to all of you. But don't follow me. I am a learner.
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