nice candle with good momentum and small top wick. but: higher previous candle. not an A1 trade and would be hesitant to enter this one. Bk8 might take this one though. maybe wait 1 more day?

Monthly Profit - Daily Trading using SMA

large wick on top of candle - lost momentum - no trade

Monthly Profit - Daily Trading using SMA

if we want to go long, we are looking for momentum to the upside. bottom got a long wick, but that one is not important. what is important is the top. no wick there and the close of the day is high in the candle. larger than average candle = good. ...

Monthly Profit - Daily Trading using SMA

+ large wick, so lost momentum to go up.

Monthly Profit - Daily Trading using SMA

hi monaghan, thank you for your informative post. I think that you influenced Bk8 in having 2 positions and closing the first one early and let the second one run. will have a look at your charts later. thank you.

Monthly Profit - Daily Trading using SMA

hi monaghan, don`t know if you'll come back and your pm feature is turned off so I post my question here. you say you`re trading almost identical to Bk8, but Bk8 had 11 trades last week and you 3 trades only. I know you`re on an other eod than Bk8, ...

Monthly Profit - Daily Trading using SMA

hello everybody, I haven`t been on here for a couple of days and that gave me the time to reflect on my actions on this thread. just like monaghan I tried to keep the thread moving in what I thought the right direction without interference from ...

Monthly Profit - Daily Trading using SMA

agree completely. dont think its any joy for me with some others to keep this thread in the way Bk8 intended. Bk8 doesn`t appear to be willing to write anything in post 1 to keep the thread pure. but that`s allright - his choice. so from this date I ...

Monthly Profit - Daily Trading using SMA

could be possible resistance @ 77.50, but anything can happen.

Monthly Profit - Daily Trading using SMA

did not say "good" idea - I said not a stupid idea. no its not up to me to make changes; I have no power over whats in post 1. that why I was asking the chief himself aka Bk8 if the idea has any merit. after all he is at it for longer than 6 months. ...

Monthly Profit - Daily Trading using SMA

daily closed 6 min ago. no trades for me.

Monthly Profit - Daily Trading using SMA

not a stupid idea. reminds me of a thread by Feb2865, system I. thought about this before, but then forgot. will have a look on my charts. Bk8: dont know if you have a journal with all your previous trades and could see if this idea has any merit?

Monthly Profit - Daily Trading using SMA

not my support. these guys are new here, never traded this system for any length of time if at all and spouting their "knowledge". bet you those are the same people who are not profitable and never will. to trade this system, you got to leave ...

Monthly Profit - Daily Trading using SMA

no

Monthly Profit - Daily Trading using SMA

when you have time, you might like to state in post 1 that you dont condone any discussion about other indicators, trend, other TF etc. that wil make it official coming from the chief himself. easier to point people to the golden standard in Post 1.

Monthly Profit - Daily Trading using SMA

glad I didn`t take N/CH - just stopped out. losing E/N though.

Monthly Profit - Daily Trading using SMA

did you read post 1?

Monthly Profit - Daily Trading using SMA

Bk8, I, monaghan and several others have been trying to keep the thread clean of the multitude of distractions to your daily system. for your system there is no need for weekly TF discussion, the golden line, 200 sma, TDI indicator, trend etc etc. I ...

Monthly Profit - Daily Trading using SMA

no offense, but you`re out of line in this thread. a trend might be a basic fundamental for YOU, but we`re not using it here. Bk8 dont want any optimization, unless you can prove it - he is very adamant about that one. so maybe this thread is not ...

Monthly Profit - Daily Trading using SMA

wow, you did it! I`ve got an orange diamond now. not sure if I like it. I dont want to become one of those red traders still trying to be profitable. could you ask FF to give me back my yellow diamond???

Monthly Profit - Daily Trading using SMA