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Monthly Profit - Daily Trading using SMA

  • #8,601
  • Jun 19, 2017 5:10pm Jun 19, 2017 5:10pm
Quoting Filipo1
{quote} Hi Doppiomalto, I was also intrigued by this one. My drawing of the channel differs slightly from yours but it's no big deal. The problem I have with it is the long wick (retracement in fact) on Friday's candlestick in rejection from Bollinger middle band and looking like a fake channel breakout. Despite all other criteria are met I prefer to skip this one. {image}
For now we've done a good choice.
I'm on GBPJPY from 19/06: +48 pips
  • #8,602
  • Jun 19, 2017 5:21pm Jun 19, 2017 5:21pm
Quoting RiskFighter
Hello Marshalmax The question is really not "how long to waite" - rather how powerfull to take off. Generally - if the latest bar crosses the SMA - trending in the opposite direction, then you have a trading signal. But the Bk8 system does not like sideways. After a sideways periode, a small bar is able to cross the SMA and that would not be reliable. What you should look for is a bar with power - a bar that can persuade you, that it wants to break the trend. A strong bar of a nize size. That's what i think - any of the oldies that want to contribute?...
That is a good point
Winners add to winning trades!
  • #8,603
  • Jun 19, 2017 5:22pm Jun 19, 2017 5:22pm
This is the only setup I could see for today.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP D1 (06-20-2017 0820).png Size: 81 KB
Winners add to winning trades!
  • #8,604
  • Jun 19, 2017 5:34pm Jun 19, 2017 5:34pm
Quoting RiskFighter
Hello all This is my first post. I am an experienzed trader and I have been around. Just one remark to the forever ongoing discussion about Bk8 religion. This system happens to be one of the best systems around. There is no doubt, that many of you also do happen to have the best trading system around. No doubt! The problem is - and I have seen it so many times, that the thread which was about a specific subject does change over time, because some followers wants to improve it - to make it better. And then the original system disappears. That's a...
Welcome
  • #8,605
  • Jun 19, 2017 5:38pm Jun 19, 2017 5:38pm
Quoting marshalmax
This is the only setup I could see for today. {image}
Today candle is very important for EURGBP. There is a trendlines crossing. But I think it will be short. Anyway, all the BK8 point are met

Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 67 KB
  • #8,606
  • Jun 19, 2017 5:50pm Jun 19, 2017 5:50pm
Quoting RiskFighter
Hello all This is my first post. I am an experienzed trader and I have been around. Just one remark to the forever ongoing discussion about Bk8 religion. This system happens to be one of the best systems around. There is no doubt, that many of you also do happen to have the best trading system around. No doubt! The problem is - and I have seen it so many times, that the thread which was about a specific subject does change over time, because some followers wants to improve it - to make it better. And then the original system disappears. That's a...
Hello.
Welcome.
All the best to all of you. But don't follow me. I am a learner.
  • #8,607
  • Jun 19, 2017 6:17pm Jun 19, 2017 6:17pm
Hello
Gy
I am in from Bk8 1H strategy from yesterday, so now it has become D1. Good sl.
All the best.
Thank you.
All the best to all of you. But don't follow me. I am a learner.
  • #8,608
  • Jun 19, 2017 8:25pm Jun 19, 2017 8:25pm
Hello

Sorry for my absence. Has been super busy. Anyway, last Friday's UsdJpy and NzdUsd trades are in positive profits.

Take a look at my current weeks' trades, triggered yesterday. Quite a number of good setups, same strategy, traded
off daily and weekly charts.

Green pips
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XM MT41_L2.jpg Size: 1.7 MB
  • #8,609
  • Jun 19, 2017 9:44pm Jun 19, 2017 9:44pm
Quoting yanah12
Hello Sorry for my absence. Has been super busy. Anyway, last Friday's UsdJpy and NzdUsd trades are in positive profits. Take a look at my current weeks' trades, triggered yesterday. Quite a number of good setups, same strategy, traded off daily and weekly charts. Green pips {image} {image}
Did you follow bk8 daily or is it your candle formation strategy?

Thank you
  • #8,610
  • Jun 19, 2017 10:33pm Jun 19, 2017 10:33pm
Quoting yanah12
Hello Sorry for my absence. Has been super busy. Anyway, last Friday's UsdJpy and NzdUsd trades are in positive profits. Take a look at my current weeks' trades, triggered yesterday. Quite a number of good setups, same strategy, traded off daily and weekly charts. Green pips {image} {image}
Hi Yanah,

Would you be kind enough to post some of the charts and why you enter the trade?
E.g. CADJPY, GBPJPY, EURJPY, EURCAD

Thanks!
  • #8,611
  • Jun 19, 2017 10:57pm Jun 19, 2017 10:57pm
Quoting kski
{quote} Did you follow bk8 daily or is it your candle formation strategy? Thank you
To me it looks like a little of both. Looking at some of them briefly, I see some continuation candles/signals that formed after the bounce of the BB.
Trade with confidence, trade without fear.
  • #8,612
  • Jun 19, 2017 10:59pm Jun 19, 2017 10:59pm
Quoting Oddbjorg
Hello Gy I am in from Bk8 1H strategy from yesterday, so now it has become D1. Good sl. All the best. Thank you.
Hello Oddbjorg, thank you for the welcome from you and others.

I have read the Bk8 1H strategy thread. I canīt really see much difference from the Daily than you are shifting the timeframe. Can you enlighten me?
MetaTrader 4 - so many advantages.
  • #8,613
  • Jun 19, 2017 11:09pm Jun 19, 2017 11:09pm
Quoting kski
{quote} Did you follow bk8 daily or is it your candle formation strategy? Thank you
Hi

If I could have them all aligned, it would be a bonus. So often, it's gonna be
candle formation and either one of the two.

CadJpy weekly trade setup screenshot. Trade could have been entered much
earlier but missed it.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 89 KB
  • #8,614
  • Jun 19, 2017 11:18pm Jun 19, 2017 11:18pm
Quoting eguitarist
{quote} Hi Yanah, Would you be kind enough to post some of the charts and why you enter the trade? E.g. CADJPY, GBPJPY, EURJPY, EURCAD Thanks!
I will let the trades run till I see opposing signals or if market conditions change.

Cheers
Attached Image(s) (click to enlarge)
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  • #8,615
  • Jun 20, 2017 12:27am Jun 20, 2017 12:27am
yanah12, could you share that monthly SR indie please?

Thanks
Trade with confidence, trade without fear.
  • #8,616
  • Jun 20, 2017 1:45am Jun 20, 2017 1:45am
Quoting yanah12
{quote} Hi If I could have them all aligned, it would be a bonus. So often, it's gonna be candle formation and either one of the two. CadJpy weekly trade setup screenshot. Trade could have been entered much earlier but missed it. Cheers {image}
Hello Yanah12, what is the indie at the bottom (magic bars), could u please share it. Thanks.
  • #8,617
  • Jun 20, 2017 5:37am Jun 20, 2017 5:37am
Quoting yanah12
{quote} Hi If I could have them all aligned, it would be a bonus. So often, it's gonna be candle formation and either one of the two. CadJpy weekly trade setup screenshot. Trade could have been entered much earlier but missed it. Cheers {image}
Thank you Ana.

Would you able to share the indicator for monthly - 5 diamond/rhombus? Or if that can be found in FF could you please provide the name?

So decision based on weekly seems to be the key. As with NZDUSD, there is significant retracement till us open time, causing little panic. Staying calm in that case is an art! Do you wait for a week or more to close the trade?

As always appreciate sharing your strategy and for your trades and charts!

Green Pips
  • #8,618
  • Jun 20, 2017 8:19am Jun 20, 2017 8:19am
Quoting RiskFighter
{quote} Hello Oddbjorg, thank you for the welcome from you and others. I have read the Bk8 1H strategy thread. I cant really see much difference from the Daily than you are shifting the timeframe. Can you enlighten me?
Hello
Yes, they are alike.
Please turn to BK8 H1 thread on this link:

https://www.forexfactory.com/showthr...53#post9998053

Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,619
  • Jun 20, 2017 8:36am Jun 20, 2017 8:36am
Quoting Oddbjorg
{quote} Hello Yes, they are alike. Please turn to BK8 H1 thread on this link: https://www.forexfactory.com/showthr...53#post9998053 Oddbj.
Thank you, I have been there and read each and every page. I just were left wondering why there is a daily thread and a 1H thread, when it to me seems it is exactly the same you are doing.

I will then begin trading 1H too.

Best
RiskFighter
MetaTrader 4 - so many advantages.
  • #8,620
  • Jun 20, 2017 8:47am Jun 20, 2017 8:47am
hi, I am new here. Is there any new set ups building?
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