Bk8, thank you for all your work you`re putting into this thread, but PLEASE dont let your family suffer for sure you almost have to be a fanatic and very driven to make it. know all about it. must say a lot of forex charts are awful to trade: up ...

Monthly Profit - Daily Trading using SMA

hey Bk8, dont see any close resistance levels for G/U and A/J. could you point them out for me? thanks

Monthly Profit - Daily Trading using SMA

I have some thoughts about multiple entries of various currencies with the same underlying currency on different days........ somebody mentioned selling G/U today..... I already have several trades going with USD as the common currency from 2 days ...

Monthly Profit - Daily Trading using SMA

Bk8, whatever you decide is alright......... for me I would keep the old SMA5/+3 until backtested properly that the SMA5 is superior to avoid confusion.

Monthly Profit - Daily Trading using SMA

thank you Bk8 for your reply. I entered @ 1.1265 and the high of the candle was 1.1311 and I added 15 pips = SL 1.1326 my loss 61 pips..... had a very good day though.

Monthly Profit - Daily Trading using SMA

so you entered EU, day 1 is against your position and day 2 is against it as well and hits your SL. how come your loss is only 40 pips when there was no day in your favour to shift your SL?

Monthly Profit - Daily Trading using SMA

yeah we really like to see a big, bold candle screaming: look at me! this candle is not one of them for sure, but maybe its time for the JPY to lose a bit of ground E/N crossed the resistance but closed just 10 pips inside - think its worthy of a ...

Monthly Profit - Daily Trading using SMA

daily candles closed 24 min. ago. I have A/U exit because its not going anywhere right now. buy C/CH, sell E/N - E/U, buy G/J (closed just above consolidation), buy U/CH and U/J.

Monthly Profit - Daily Trading using SMA

daily closed 25 min. ago. sell CH/J and E/G E/N, N/CH and N/J large wick - no trade for me.

Monthly Profit - Daily Trading using SMA

buy G/CH

Monthly Profit - Daily Trading using SMA

Bk8 is trading the Sunday candle.

Monthly Profit - Daily Trading using SMA

@ marinecorps: Bk8 doesnt care about trend or counter-trend - he takes them both whenever the candle pops above the 5 sma. feel free to trade how you want to, but to avoid confusion please dont mention trend/counter-trend to keep the thread how Bk8 ...

Monthly Profit - Daily Trading using SMA

excellent result getting 800 pips Bk8...... the month of August is usually a quiet month in forex and you can see it in the declining daily ATR accross the board. understood your exits etc., but thought it important to flesh it out a bit for other ...

Monthly Profit - Daily Trading using SMA

hello Bk8, obviously you are not waiting for your moving SL to take you out of a trade. the timing of the exit is of the utmost importance. today you closed out some of your trades; others you kept going. could you briefly explain for every position ...

Monthly Profit - Daily Trading using SMA

N/J is in consolidation area - no trade for me; A/U large wick - no trade; G/A yes; E/N consolidation - no trade. watch for red news for AUD later.

Monthly Profit - Daily Trading using SMA

thank you PistolDave for your effort.......nice to know that this system is profitable over the last year for G/U. your figures indicate 30 trades: 20 wins and 10 losses - average loss about 32 pips - average win about 66 pips. are those numbers ...

Monthly Profit - Daily Trading using SMA

E/U did cross the sma last Friday, but if you look at the candle then you`ll see that price was retreating quite a bit from the low of the day, forming a substantial wick. that means that the momentum was lost. who knows what happens, but I wont be ...

Monthly Profit - Daily Trading using SMA

are you referring to trading different charts with different daily candles closing @ 5pm, @ 8pm and @ 12am EST?

Monthly Profit - Daily Trading using SMA

charts: GMT+3 - today sell G/A and G/C @ pipsifx: short E/C a day earlier (see post 217)

Monthly Profit - Daily Trading using SMA

U/CH got a large up candle on my chart, about 100 pips while ATR = 72 pips, closing 7 pips from the high. low = 0.9639, high = 0.9738, close = 0.9731 @ shaan: could be a rough time for this pair with the upcoming rates decision....

Monthly Profit - Daily Trading using SMA