Yonnie's mention of AUDCAD setup seems good according to the rules and is well positioned rebounding from lower Bollinger band.as mentioned by Shimmering. Nevertheless I will not take it because my favourite base system Ichimoku does not confirm the ...

Monthly Profit - Daily Trading using SMA

GBPUSD heads up : Carney's speech a bit later this morning and UK unemployment release.

Monthly Profit - Daily Trading using SMA

Re: USDCAD it is absolutely normal for the market to enter in pause mode as tomorrow we will have 2 majors decisions/releases with strong impact for the CAD: BoC rate decision + press conference and US DoE Crude Oil stockpiles. EURUSD is also in ...

Monthly Profit - Daily Trading using SMA

Hi Osvelqbano, your remark is absolutely correct for me. This may look like a mechanical system because the rules are simple but that does not exempt us from turning on our brain from time to time and take a step backward to have a more panoramic ...

Monthly Profit - Daily Trading using SMA

Hi Ghostman10, as Bk8 mentioned in post 1 you should enter ideally at the opening of the next candle after the one having crossed sma5 has closed. In case you missed it then I agree with Mizi123' recommendation to enter according to H1 showing ...

Monthly Profit - Daily Trading using SMA

As a matter of fact the rebound was right on 38.2 Fibo.

Monthly Profit - Daily Trading using SMA

Hi Yanah12, in addition it seems there was a rejection from the Bollinger middle band like the trend is changing after the strong March 28 reversal so as Brian661 I would keep aside .

Monthly Profit - Daily Trading using SMA

Hello traders, GBPUSD looks nice setup to me.

Monthly Profit - Daily Trading using SMA

Just trailed S/L on NZDJPY and EURGBP as both trades retrace against initial setup. This is not orthodox to this strategy however but it seems we are stuck in hourly rather than daily trends so far...

Monthly Profit - Daily Trading using SMA

Hi Oddbjorg and Shg, just to clarify it was never mentioned by Bk8 to use SMA3 but SMA5,0 (regular) crossing SMA5,3 means 5 shift 3 for confirmation, which was finally changed to keep only SMA5 without shift. Hope this helps.

Monthly Profit - Daily Trading using SMA

Hi Kski, on EURCAD I must confess I entered slightly before closing and did not see this change in SMA direction and for EURGBP it is indeed due to vertical / horizontal view but you are right it is borderline with sideways.

Monthly Profit - Daily Trading using SMA

The catch of the day... hopefully.

Monthly Profit - Daily Trading using SMA

Hi Shg and Kski, I am not sure I got your question right but Bk8 mentioned on several occasions that you can re-enter in trend continuation each time the initial criteria are met, means each time a candlestick crosses the SMA5 in the same direction ...

Monthly Profit - Daily Trading using SMA

Hi Scalphunter7, That is correct. In case of doubts please refer to post #1 showing the last updated version left by Bk8. In fact many members and Bk8 got the conviction from experience that the cross with SMA5,3 was worthless. Happy trading.

Monthly Profit - Daily Trading using SMA

For me not yet. The current candle stick is above the SMA5 BUT: 1) it is not closed yet. In addition it is of the utmost importance to wait for the daily close today as FOMC will release its monetary policy rate decision and forecasts. 2) SMA5 is ...

Monthly Profit - Daily Trading using SMA

Hi Kski, yes I trade and plot my charts mostly from MT4 mobile but sometimes as well from tradingview which is great but only with FXCM pricing source which look to me more representative (at least we can trust their charts . I do not use Oanda ...

Monthly Profit - Daily Trading using SMA

Hi Oddbjorg, Same me remark as to Sanbernardin, beware if SMA5 is going up against a short setup... This last update from Bk8 looks fundamental to me to filter out bad signals, before long wicks etc... Apart from this I know Ichimoku can look a bit ...

Monthly Profit - Daily Trading using SMA

Hello Sanbernardin, It might turn good however beware that last Bk8's update mentioned that the SMA5 should be at least flat or preferably oriented in the direction of the setup. Personally I now use it exclusively in conjunction with Fibonacci ...

Monthly Profit - Daily Trading using SMA

AUDCAD looks fine to me.

Monthly Profit - Daily Trading using SMA