Hi Monaghan, As somebody who has learned a lot from this thread maybe the difficult week was no harm to flush out people who are not serious. It seems to me that the ship has now steadied itself and obviously you have a contribution to make to the ...

Monthly Profit - Daily Trading using SMA

Like others here I am certainly sticking with this system. I have achieved 19.8% in 3 weeks live trading using an aggressive 5% per trade. Again I want to thank BK and others here for the great help and advice.

Monthly Profit - Daily Trading using SMA

Well said Rapzy

Monthly Profit - Daily Trading using SMA

Hi Ghibli, From looking at dozens of charts I think your summation here of good setups particularly about the way you use the bollinger bands is spot on.Thanks for this analysis.

Monthly Profit - Daily Trading using SMA

Ta

Monthly Profit - Daily Trading using SMA

Hi Erebus, Thanks for your help with that. I think it is probably just a confidence building thing. I will look at some more historical charts. One question do you put your stop 15 pips above the body of the candle as in the UC chart or above the ...

Monthly Profit - Daily Trading using SMA

Thank you for that Shimmering

Monthly Profit - Daily Trading using SMA

Thanks for your reply. I will put as simply as I can. In your experience with the system have you found a 1:1 RR is achievable for the first exit??? Maybe I am being too careful and taking pips too soon and too small. Thanks again for your system it ...

Monthly Profit - Daily Trading using SMA

I understand the principle of lot size to account size but that wasn't the point I was making. I was talking about the fact that you wouldn't normally see 80 to 220 pips, the amount you need for a 1:1, unless you had a very strong move in your ...

Monthly Profit - Daily Trading using SMA

Thanks for your response. My problem with that calculation is that typically on daily candles your SL+15 pips will leave you with a minimum 80 pips and up to 250 pips so you would need a very strong move to get 1:1 on that for your first exit

Monthly Profit - Daily Trading using SMA

Thanks for the explanation and in your case you stick to rule 2. What is your policy on the amount of profit you take on the first part of your trade?

Monthly Profit - Daily Trading using SMA

That's OK I just wondered if they would be even stronger on weeklies. Not to worry we will stick to dailies

Monthly Profit - Daily Trading using SMA

Hi, BK and others what do you think about the same signal on weeklies. I had a very good one on GJ in the last few days.

Monthly Profit - Daily Trading using SMA

Hi Suirad0, Your trade EC. First let me say I often did it like you yesterday and worse. Like you I saw the two positions up 85 pips each and I didn't take it but when it got back to 50 I took off one and brought the stop to BE for the second and as ...

Monthly Profit - Daily Trading using SMA

I am in GU and ECh. Good Luck

Monthly Profit - Daily Trading using SMA

Hi Marty Hype, May I make a comment about this AJ trade and I am interested in what other people think. I didn't like it for 2 reasons one it was being sold right on to a major number and two the signal candle had a large pullback wick on it.

Monthly Profit - Daily Trading using SMA

Hi Bk8, Thank you for this strategy and all the time you have put in to helping others. I have been following you from the sidelines. I have been trading it on a small live account now for a few weeks and it is working very well for me. Thanks again.

Monthly Profit - Daily Trading using SMA

Hi Paul, Look forward to seeing the detail of the setups for your system. I like price action S/R methods.

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