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Monthly Profit - Daily Trading using SMA

  • #8,261
  • May 9, 2017 2:47pm May 9, 2017 2:47pm
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All the best to all of you. But don't follow me. I am a learner.
  • #8,262
  • May 9, 2017 3:07pm May 9, 2017 3:07pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting yonnie
{quote} I am trading slightly different from Bk8. when I place a trade, I want to make sure as much as possible that the new direction will hold. that`s why my entry criteria are a little stricter than Bk8`s. not only do I want to see 2 decent candles in the new direction, but price also has to break the high/low of the 2nd candle before entering. in this way you will avoid trades which turn around after 2 candles. you will also be able to trade when the 2nd candle has a larger wick, because price has to break the high/low of the 2nd candle before...
Can you post a photo to better understand you, please?
  • #8,263
  • May 10, 2017 6:36am May 10, 2017 6:36am
Sell.
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  • #8,264
  • May 10, 2017 11:39am May 10, 2017 11:39am
Quoting yonnie
{quote} I am trading slightly different from Bk8. when I place a trade, I want to make sure as much as possible that the new direction will hold. that`s why my entry criteria are a little stricter than Bk8`s. not only do I want to see 2 decent candles in the new direction, but price also has to break the high/low of the 2nd candle before entering. in this way you will avoid trades which turn around after 2 candles. you will also be able to trade when the 2nd candle has a larger wick, because price has to break the high/low of the 2nd candle before...
How is this strategy working out for you so far?
  • #8,265
  • Edited 7:42pm May 10, 2017 4:23pm | Edited 7:42pm
Quoting Oddbjorg
{image}
Cad Chf + pips.
-------
Eur and Chf seemes to be weak
-------
Am in on eur usd from Bk8 1 h system from before, so that will be my Bk8 D position for now. With sl

All the best. Thank you.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,266
  • May 11, 2017 5:23am May 11, 2017 5:23am
Eu since yesterday
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  • #8,267
  • May 14, 2017 8:11pm May 14, 2017 8:11pm
Will just have this going from last week not more. (44 pips) Mondays are not easy days for me to make a position.
All the best in this coming week.
Thank you.
Oddbj.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,268
  • May 15, 2017 2:19pm May 15, 2017 2:19pm
Quoting Oddbjorg
Will just have this going from last week not more. (44 pips) Mondays are not easy days for me to make a position. All the best in this coming week. Thank you. Oddbj. {image}
Hi Oddbjorg

Can I post some charts? Just wondered if the lower time frames might be less stressful? Also I really don't like UJ, EU and GU. Range is too small and they are spiky!
  • #8,269
  • May 15, 2017 7:29pm May 15, 2017 7:29pm
Eu is maybe to dary.....to trade.... but maybe there is one more candle left.
Maybe maybe....Sorry....you can see how unsecure I am. Good thing I tell you not to follow me.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,270
  • May 15, 2017 7:45pm May 15, 2017 7:45pm
Quoting jmtini
{quote} Hi Oddbjorg Can I post some charts? Just wondered if the lower time frames might be less stressful? Also I really don't like UJ, EU and GU. Range is too small and they are spiky!
Hello
Do know about Bk8 1H system?
If you don't ... have a look. https://www.forexfactory.com/showthread.php?t=605254
I think Bk8 would let you upload some charts for discussion, on lower timeframes.
Then some of the profs could help you.
Good luck
All the best to all of you. But don't follow me. I am a learner.
  • #8,271
  • May 16, 2017 2:36am May 16, 2017 2:36am
Hello Traders, Is there any particular reason why people using this strategy do not trade the H4???
  • #8,272
  • May 16, 2017 5:08am May 16, 2017 5:08am
Quoting Oddbjorg
{quote} Hello Do know about Bk8 1H system? If you don't ... have a look. https://www.forexfactory.com/showthread.php?t=605254 I think Bk8 would let you upload some charts for discussion, on lower timeframes. Then some of the profs could help you. Good luck

Thanks. I will. Don't need any help though - I have used my own time frame/EA's and time zone with great results.

I 've posted the results on the other thread

Regards
JM
  • #8,273
  • May 16, 2017 9:35am May 16, 2017 9:35am
Quoting Oddbjorg
Eu is maybe to dary.....to trade.... but maybe there is one more candle left. Maybe maybe....Sorry....you can see how unsecure I am. Good thing I tell you not to follow me. {image}
From two dayes back, I have been holding eu long.
Now it has come so far to upper bb. 100 pips with both set ups.
I will take trade 1 now, and let the other one run- with 15 pips sl.
I was lucky.
So - it's time to hold my peace, and not be greedy and set more positions to day and make a mistake, so see you tomorrow.

Good luck - thank you.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,274
  • Edited 10:39am May 16, 2017 10:08am | Edited 10:39am
Quoting Oddbjorg
{quote} From two dayes back, I have been holding eu long. Now it has come so far to upper bb. 100 pips with both set ups. I will take trade 1 now, and let the other one run- with 15 pips sl. I was lucky. So - it's time to hold my peace, and not be greedy and set more positions to day and make a mistake, so see you tomorrow. Good luck - thank you. {image} {image}
Did you use the 4hr bar on 12th May cross upwards to open the trade? I suppose one can trade this on the 4hr chart but I must admit it takes guts!

Well anyway, great stuff!!

Well done, fantastic.
  • #8,275
  • May 16, 2017 1:40pm May 16, 2017 1:40pm
Quoting jmtini
{quote} Did you use the 4hr bar on 12th May cross upwards to open the trade? I suppose one can trade this on the 4hr chart but I must admit it takes guts! Well anyway, great stuff!! Well done, fantastic.
Hello
I have only used H and D of Bk8 system.
Take care.
All the best to all of you. But don't follow me. I am a learner.
  • #8,276
  • May 17, 2017 7:30am May 17, 2017 7:30am
Quoting Oddbjorg
{quote} Hello I have only used H and D of Bk8 system. Take care.

OK. But thinking about csethna's question, I suppose the 4hr can work? Look at this GBPCAD set up: (perfect!)
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  • #8,277
  • May 17, 2017 8:59am May 17, 2017 8:59am
Quoting jmtini
{quote} OK. But thinking about csethna's question, I suppose the 4hr can work? Look at this GBPCAD set up: (perfect!) {image}
Interesting.
Good luck.
All the best to all of you. But don't follow me. I am a learner.
  • #8,278
  • May 17, 2017 9:50am May 17, 2017 9:50am
Open the yen a hour before candle opened due to got get sleep, worked well on these two pairs
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  • #8,279
  • May 17, 2017 9:54am May 17, 2017 9:54am
Ones to watch?
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  • #8,280
  • May 17, 2017 10:53am May 17, 2017 10:53am
Quoting Oddbjorg
{quote} Interesting. Good luck.

Didn't open a trade on that pair thank goodness! Just looking at the options.
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