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mikeh3855 replied Sep 17, 2016Why so disrespectful in your reply? Are you serious with this? FOMO? Who ever heard of that? Why would anyone spend time researching it? Why am I spending time talking to you?
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Sep 14, 2016During back testing I found this to be the easiest and most effective way to trail the price to let them run. The exit is the hardiest part for everyone to get. I found trailing the price right from the start of the trade in this manner to be very ...
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Sep 13, 2016Now we see that your original rules are holding true. GBPUSD, NZDUSD both if held according to your orig. rules are now going on the desired direction. Closing at BE did not help here.
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Sep 12, 2016Wait a minute. We have a 1:1 take profit rule now? Or is it enter with two positions and close one at 1:1 and let the other trail?
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Sep 9, 2016Great system! The psychology part starts when you're holding trades and trying to set stop losses. Here's a link to a trade simulator with great scripts and a nice tutorial on how to use it. I found it good for practicing my exits. Thanks again Bk8. ...
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Aug 30, 2016Thanks very much FX-Flux! Trend vs counter trend is always a debate. Here is USDJPY Daily. The yellow 5SMA is at shift 0 in this shot. In this obvious down trend there are many buy opportunities and many of them would be successful as long as BK8's ...
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Aug 30, 2016Amazing how many times this question can come up in the same thread. Really goes to show how many don't bother to read the thread to understand the system.
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Aug 17, 2016Yonnie, regarding NZDJPY in looking at it further, I think it could go lower. Sellers and buyers rejected the highs and lows, but in the end it closed lower than its open. And closed below the 5 sma. Im trying trading this from my phone. It's ...
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Aug 17, 2016Yes. This is the discretionary part. It seems to me, Bk8, you did not emphasize so much the thoughts on which ones to enter other than to say "avoid sideways". I like this method as an easy entry and it looks like there is profit opportunity but I ...
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Aug 17, 2016Looks like a nzdjpy short set up at EOD.
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Aug 16, 2016Fever sucks!! I never considered actually trading from my phone. Never seemed to be something simple enough with the mobile version to make any real sense. Hats off for finding this and as I get used to looking at that little screen I can see the ...
Monthly Profit - Daily Trading using SMA
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mikeh3855 replied Aug 2, 2016Hello Nightfox! I'm back too! Went astray with another method but lost money. This is the only method I've made profit with lately. Guess I'll sharpen my shark spear! Looking forward to the skype group.
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mikeh3855 replied Jul 16, 2016Just read the whole thread again so I can drill it into my head the great progress that has been made with this system. All the contributions really say the same thing in different ways. Essentially the currency strength meter is pointing us in the ...
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mikeh3855 replied Jul 7, 2016Blanca, so happens I am away from home and damn If I don't miss my dog most. The unconditional love and companionship is hard to lose. Best to you. Thanks for all the good trading advise. Mike
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mikeh3855 replied Jun 30, 2016Guiyeee, there are three sessions to work from. Sometimes the best trade is a buy or sell stop when you anticipate the move to break a previous high or low or a particular level. I've set up many of these trades with such a method with really good ...
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mikeh3855 replied Jun 30, 2016Thanks Copi, Blanca. I think I'll add the volume indicator also.
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