Daily Profit - H1 Trading using SMA

@oddbjorg, do you stay out of the market during red news or do u take the signal if it happens irrespective of news.

It has Been ace the last couple of days selling JPY with this system. Hope it is not a fluke!

In BK8 H I don't rely on news. May be I should try that.
I like to see sma 5 go ahead from low bb up with the trend and pass midd bb and then go in and have a good sl
All the best

Of course. I'm not trading higher time frame. I'll be honest that I don't have the guts! I use the EA's because it helps my nerves

hi Oddbjorg,

Like this chart>?

Yes it was perfect, no doubt! I'm beginning to agree that the hourly chart has so many good set-ups. And very reliable too.

Yes. I think that was good.

Snoopy,
I think your code needs to have the following conditions added to it, in order to enter a trade only if the previous bar CROSSED the BB mainline. I'm not a coder, but I think you can see the logic that needs to be added...

Buy Condition
mrate[1].low < BBMiddle[1] && //Last bar's low is below BB mainline

Sell Condition
mrate[1].high > BBMiddle[1] &&//Last bar's high is above BB mainline

chf pairs look interesting

Chfjpy. Looks rihgt - May be to late, but I will try a small amount.
Best of luck to all of you this week

Are you selling? Looks a good bet.

EURJPY looks good? Sell towards 123.00

Hello
I understand what you mean. Good luck.

Thanks what a shame I never took the trade!

But so many opportunities on this system!!

Look at this one:

Keeping an eye on Ej Gj

Just gone short EJ - Euro weak this morning

Missed optimum entry point for EZ - was asleep!

Hello
Do not know I think I was wrong or lasted not many candles

Some of the e pairs are going south now - so we can get some pips

Yes absolutely


Looking better now. All bearish including EJ which has bounced nicely off the 30 min 200 ema

Don't think it's worth trading any GBP pairs until tomorrow. Once the election is over we should get some permanent direction.

Hoping for GBP weakness!!

Hello dear BK8 H1 friends.

Some new ones may be around.

Now, we do not do so much because it closes.
And . . . Eur is maybe hard to look at these days.

But on a normal day with a good sl, we could look at this to keep an eye on.

H1 chart
BB 20,2
SMA 5

Green candles way down from low bb
Goes up with a bit of power - - - and not sideways - the candles don't stand beside each other in various sizes, and then go up.
No wick... no weak moments

Then - - -

If - the candles go up above mid bb
If - sma5 points up - and breaks through mid bb

- then it could be a start of a trade.

----

So take care, do some demo, notes and try diverse currencypairs.
Some pairs are more explosive - some more slow. So it depends.

One thing I am trying to get my self into, is trading in such a manner, that I don't have to babysit my charts.

---

It is always good to go through the thread. I like to go back often and read what BK8 and Ghibli use to writhe and draw.

When you see a seemingly good set up - take a print screen, and go back in one hour or two and see how it went -
if it went good - - - ++

If not - what was it??? sideways - - wicks - many old tired candles in a row. - -overall trend of the day - - start of Tokyo -
London - New York - or was it just raining ?

As in the natural - the sun doesn't shine always either in this system, and then we maybe just relax and think -
well I won something today, because somtimes no trade is a good trade.

So if it rains - just hang on and wait for the sunshine - make checkings, and learn while you are waiting.

Try to look at hindsight examples - - - like the picture enclosed.

Just a few thoughts - - - But do not follow me - I am a learner - - - - -


I whish you all the best - and see you monday - - -

Oddbjrg.