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Monthly Profit - Daily Trading using SMA

  • #8,441
  • Jun 8, 2017 10:21am Jun 8, 2017 10:21am
Hi Yanah12,

Thanks for sharing your system. Have you tested it on Gold/Silver?
I see a potential setup tomorrow. Any views?

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  • #8,442
  • Jun 8, 2017 11:52am Jun 8, 2017 11:52am
How about this one?

Down to 121.00 at least
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  • #8,443
  • Jun 8, 2017 7:44pm Jun 8, 2017 7:44pm
Hi with you dot system you say two bars up then two bars down then trade if other conditions are met do you trade if it is more than two bars up say 3 or 4 then two down or does it have to be 2 up 2 down ??????????????
  • #8,444
  • Jun 8, 2017 8:26pm Jun 8, 2017 8:26pm
Hello
I am in on some Bk8 H1 system trades.
ea & gy.
So there will be no Bk8 D system trade now.
Closing those - I am going out, and will return monday night -
Good result avoiding mondays and fridays, if there is not at screeming pair at us.
All the best - and take care.
This is a special time to trade in.
Oddbjørg.
All the best to all of you. But don't follow me. I am a learner.
  • #8,445
  • Jun 8, 2017 9:03pm Jun 8, 2017 9:03pm
Quoting yanah12
{quote} Hi kski When the Dots appear, I'll close 100% of my trades as there's a probability of reversal. These Dots only appear at significant levels (support or resistance). If the support/resistance levels are broken, the Dots will disappear as the levels are no longer considered significant. In other words, you know that it's not the time for reversal yet. This is how I take my trades (step 1 & 2 are critical): 1) I look for 2 bulls & 2 bear candles to sell or the opposite for buy (V formation) 2) Price must already crossed 5 SMA 3) Colored Dot...
Thank you Yanah!

Another question if a setup is confirmed on friday, will you wait till sunday or monday to take a position?
  • #8,446
  • Jun 8, 2017 9:37pm Jun 8, 2017 9:37pm
Quoting Stumpy1
Hi with you dot system you say two bars up then two bars down then trade if other conditions are met do you trade if it is more than two bars up say 3 or 4 then two down or does it have to be 2 up 2 down ??????????????
Hi

This is the V trading system thread https://www.forexfactory.com/showthread.php?t=666624

It teaches the 2 candles up or down thing

Cheers
  • #8,447
  • Jun 8, 2017 9:39pm Jun 8, 2017 9:39pm
Quoting kski
{quote} Thank you Yanah! Another question if a setup is confirmed on friday, will you wait till sunday or monday to take a position?
Hi

I usually take trade on a new trading day

Cheers
  • #8,448
  • Jun 8, 2017 9:41pm Jun 8, 2017 9:41pm
Quoting eguitarist
Hi Yanah12, Thanks for sharing your system. Have you tested it on Gold/Silver? I see a potential setup tomorrow. Any views? {image}
Hi

Yes. Gold and Silver are my favorites.

Cheers
  • #8,449
  • Jun 9, 2017 2:10am Jun 9, 2017 2:10am
Quoting yanah12
{quote} Hi Yes. Gold and Silver are my favorites. Cheers
Gold trade doing well thus far.
Let's see how far can this go.
Do update us when you close the trade
  • #8,450
  • Jun 9, 2017 4:52am Jun 9, 2017 4:52am
Quoting Oddbjorg
Hello I am in on some Bk8 H1 system trades. ea & gy. So there will be no Bk8 D system trade now. Closing those - I am going out, and will return monday night - Good result avoiding mondays and fridays, if there is not at screeming pair at us. All the best - and take care. This is a special time to trade in. Oddbjrg.
How are performing your Trades Based on BK8 System on H1 TF?
I'm facing some Money Management Problems due to D1 TF, many Orders opened during Long time, a lot of exposion of my capital, i was thinking in Decrease my TF to let say 1H Chart to make faster trades and close the orders asap.
  • #8,451
  • Jun 9, 2017 6:05am Jun 9, 2017 6:05am
Quoting VictorFaria
{quote} How are performing your Trades Based on BK8 System on H1 TF? I'm facing some Money Management Problems due to D1 TF, many Orders opened during Long time, a lot of exposion of my capital, i was thinking in Decrease my TF to let say 1H Chart to make faster trades and close the orders asap.
Why only the H1 time frame? Look at the attached GBPNZD 15 min chart. Perfect set-up for 30-40 pips - hardly any SL needed!

In all cases, wait for a candle to close on the other side of the 20 SMA and then wait for a re-test of support/resistance, then open your trade
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  • #8,452
  • Jun 9, 2017 6:08am Jun 9, 2017 6:08am
Quoting jmtini
{quote} Why only the H1 time frame? Look at the attached GBPNZD 15 min chart. Perfect set-up for 30-40 pips - hardly any SL needed! {image}
The answer is Comissions, If a go down to 15 min or even 5 Min, i have to Increase my Lot size accondinly to took my 1% per trade let's say, and for sure the comissions will be very high, in the end of the month/year, it's a lot of money.
  • #8,453
  • Jun 9, 2017 6:31am Jun 9, 2017 6:31am
Quoting VictorFaria
{quote} The answer is Comissions, If a go down to 15 min or even 5 Min, i have to Increase my Lot size accondinly to took my 1% per trade let's say, and for sure the comissions will be very high, in the end of the month/year, it's a lot of money.
As opposed to 30 pips a day? The spread of course on GZ is rather high I do agree.

Have a look at EC looks like a possible cross on 15 min chart coming up. Following GC which crossed some time ago already. I don't think the spread is so bad? Mine is 1.5 pips (including the commission)
  • #8,454
  • Jun 9, 2017 6:45am Jun 9, 2017 6:45am
Quoting VictorFaria
{quote} How are performing your Trades Based on BK8 System on H1 TF? I'm facing some Money Management Problems due to D1 TF, many Orders opened during Long time, a lot of exposion of my capital, i was thinking in Decrease my TF to let say 1H Chart to make faster trades and close the orders asap.
Hello
Try to look at this link.

https://www.forexfactory.com/showthread.php?t=605254

If I can help, please make a reply in that thread - the BK8 1H, and I can help from there.

Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,455
  • Jun 9, 2017 7:04am Jun 9, 2017 7:04am
Quoting jmtini
{quote} As opposed to 30 pips a day? The spread of course on GZ is rather high I do agree. Have a look at EC looks like a possible cross on 15 min chart coming up. Following GC which crossed some time ago already. I don't think the spread is so bad? Mine is 1.5 pips (including the commission)
Uhm, you are right regarding the Spread/Pair, we can select some trades on 15 min if the spread is not so high.
Thank you
  • #8,456
  • Jun 9, 2017 7:11am Jun 9, 2017 7:11am
Quoting Oddbjorg
{quote} Hello Try to look at this link. https://www.forexfactory.com/showthread.php?t=605254 If I can help, please make a reply in that thread - the BK8 1H, and I can help from there. Oddbj.
Thank you Oddbj, i will follow this new Thread with great interest, i have some ideas to improve this trading strategy, i will send a message to you later.

Green Pips to All!
  • #8,457
  • Jun 9, 2017 7:27am Jun 9, 2017 7:27am
Quoting eguitarist
{quote} Gold trade doing well thus far. Let's see how far can this go. Do update us when you close the trade
All the best with the trade. Discipline is paramount.

I have a few strategies that I diligently utilize. Last year (from March to Dec) I was trading
1 particular strategy (still using this strategy), my $1K investment double, triple, quadruple
to about $100K (real account). Yes, I was richer by about $100K (net). Just couldn't believe it.

So, green pips to you all.
  • #8,458
  • Jun 9, 2017 9:29am Jun 9, 2017 9:29am
Quoting yanah12
{quote} All the best with the trade. Discipline is paramount. I have a few strategies that I diligently utilize. Last year (from March to Dec) I was trading 1 particular strategy (still using this strategy), my $1K investment double, triple, quadruple to about $100K (real account). Yes, I was richer by about $100K (net). Just couldn't believe it. So, green pips to you all.
You mean the two bar, red/green dot strategy? Whatever, well done!
  • #8,459
  • Jun 9, 2017 9:45am Jun 9, 2017 9:45am
Quoting yanah12
{quote} All the best with the trade. Discipline is paramount. I have a few strategies that I diligently utilize. Last year (from March to Dec) I was trading 1 particular strategy (still using this strategy), my $1K investment double, triple, quadruple to about $100K (real account). Yes, I was richer by about $100K (net). Just couldn't believe it. So, green pips to you all.
Wow. Well done. I see you are from Singapore as well. Hi Five!
Let me know if there is any chance outside this forum we can connect to discuss trading ideas.
If you have time can you share ur "particular strategy"? Would love to learn more from successful traders!

Also would u consider UCAD a valid trade today to long?

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  • #8,460
  • Jun 9, 2017 12:10pm Jun 9, 2017 12:10pm
Quoting yanah12
{quote} Hi I usually take trade on a new trading day Cheers
I like the way you have combined V & bk8.

AC seems to be hitting that criteria for going short early next week... can you please confirm if I am correct? AC seems green still... am I missing any other potential setup?

Green Pips to All
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