Hi Forest-Sea, welcome back on the thread, I wish you complete health recovery and successful trading. Regarding stop loss, Bk8 recommended to place it at +15 pips above the highest point (wick included) of the candlestick crossing below sma5, ...

Monthly Profit - Daily Trading using SMA

AUDCHF I am out. What a ride!

Monthly Profit - Daily Trading using SMA

Sorry but I am not sure I understand what you mean. BB trade the daily chart... you mean Big Boys?. ..what if they are using the same ema's that I am using. Robots trade all instruments together at the speed of light so ... ... and the same for ...

Monthly Profit - Daily Trading using SMA

Hedging long position closed at 0.7685, 2nd short position opened at 0.7684 and already in breakeven (MACD quite flat and RSI still above 50). Let's see if we break below 0.7650.

Monthly Profit - Daily Trading using SMA

Hi jmtini, yes I get what you are saying but after all that's what reversals are made of: trends and moving averages breaking price action. In this particular case I was a bit surprised by the rebound due to the following 5 confluent bearish ...

Monthly Profit - Daily Trading using SMA

Hello, I fully agree with Oddbjorg. Over trading (either when there is no convincing setup or oversizing positions) is one of the first cause of losses for traders on their way to self-mastery. In such volatile markets I guess risk management and ...

Monthly Profit - Daily Trading using SMA

Thanks mizi123, looks like a good catch. Maybe this one too:

Monthly Profit - Daily Trading using SMA

1) monthly price action still capped under the Kumo with bearish twist ahead 2) weekly Tenkan/Kijun cross and Chikou about to cross below historic price action 3) daily price action crossing below Tenkan, Chikou capped so far below the cloud. quite ...

AUD/JPY can anyone explain whats going on?

Agreed with target at 1.7000 - 1.7025 range validated by both 76.4 Fibonacci and Ichimoku Kumo breakout and flat Kijun early November.

Monthly Profit - Daily Trading using SMA

url url Rising channel still in place

Bitcoin technical analysis

H1 check with Spartan

Monthly Profit - Daily Trading using SMA

Hi mizi123, SMA5 is not oriented downward and thus not supporting a short setup according to Bk8's rules which he saw as a necessary confirmation after the followers of this strategy experienced a series of loosing trades from entering just because ...

Monthly Profit - Daily Trading using SMA

Hi FateAnother, url

The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

Hi msniper, Maybe this one will fit your needs: url Happy new year!

Forex Broker with crypto deposit?

Great conclusion. What could I say except than good luck and happy new year!

Monthly Profit - Daily Trading using SMA

You are totally right, then obviously this strategy is worthless

Monthly Profit - Daily Trading using SMA

netas369, no one here is saying you are right or wrong in the absolute, just could someone say if you apply the strategy in the orthodox way or not but of course every one is free to adapt it. Personnally I added MACD but I kept all the rest intact ...

Monthly Profit - Daily Trading using SMA

mikeh3855, again please do your homework, read, re-read and re-read post nr.1 . Then it will be crystal clear that it is not a good entry. Why? You have a bearish candlestick crossing the sma 5,0 BUT this latter is NOT pointing downward (yet). Maybe ...

Monthly Profit - Daily Trading using SMA

Hi netas369, why can't you keep it simple but in no way stupid? sma 5,3 has been abandonned as was already largely commented. This thread is getting heavy now and no one could expect any trader to read it all. Bk8 did all he could to keep it clear ...

Monthly Profit - Daily Trading using SMA

Hi mikeh3855, I am afraid short entry from configuration shown in post nr. 9630 is not correct according to thi strategy.

Monthly Profit - Daily Trading using SMA