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Monthly Profit - Daily Trading using SMA

  • #9,301
  • Oct 10, 2017 1:48am Oct 10, 2017 1:48am
Quoting stevepatt
GBP/AUD D1 Pending Limit Buy GBP/CHF D1 Pending Limit Buy {image} {image}
GBP/AUD Long Trade Triggered
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 17 GBP:AUD H1 Long Trade Triggered.png Size: 134 KB
  • #9,302
  • Oct 10, 2017 1:58am Oct 10, 2017 1:58am
Quoting stevepatt
{quote} Hi Eddytan, All you are doing by waiting for Price to cross the 20 SMA, which is what the Middle Line of the BB is, is entering Trades at worst Value. By looking for a cross of the 5 SMA and a Close above/below the previous Candle you are entering at far better value and you are catching possible turns in the Trend far earlier. I don't Trade GBP/NZD but looking at it there is no Value in entering at yesterdays Close. It's far to close to the Swing High I would wait for a PullBack to better Value to Enter Long {image}

ok, understand that, I was realize that it is too near upper BB after I open the trade, I will close with profit now. Thanks for your advise. ^^
  • #9,303
  • Oct 10, 2017 2:08am Oct 10, 2017 2:08am
Quoting stevepatt
{quote} GBP/AUD Long Trade Triggered {image}
what is the other indicator you use in your chart?
  • #9,304
  • Oct 10, 2017 2:29am Oct 10, 2017 2:29am
Quoting Oddbjorg
Hello No trade for me. Gbp pairs look interresting. We will see tomorrow. All the best.
Indeed, GBPUSD looks pretty interesting at the moment.
The bullish candle yesterday was close the 61%-Fib-level, too. So lets see if today also ends with a white candle, what could form a setup.
  • #9,305
  • Oct 10, 2017 6:07am Oct 10, 2017 6:07am
What is your parabolic setting?
Quoting Bk8
{quote} Thanks kef2138! Point C - I prefer to take profit atleast 3 times of stoploss.. so regardless some bad days still we should be profitable at the end of month. Candles does not have to be consecutive.. e.g. day 1 - profit, day 2 - loss, day 3 - profit , day 4 - profit so if we do not want to wait further we can close the position and on average we should have profit 200-300 pips.. Nowadays I am trying to wait forever until my stop loss gets triggered itself. Let me try to explain you this part 1. Day 1 - setup formed, Open Positon, stoploss...
  • #9,306
  • Edited 9:47am Oct 10, 2017 9:07am | Edited 9:47am
Quoting hzs10
What is your parabolic setting? {quote}
Hello hzs10 and welcome
I used to try to find out. I don't know if I was right but this is what I came to.
But in between, then again it was not precisely the same.
Sorry if I confuse you.
All the best.
Attached Image
All the best to all of you. But don't follow me. I am a learner.
  • #9,307
  • Oct 10, 2017 9:49am Oct 10, 2017 9:49am
Quoting Bk8
I am going to try following setups {image} {image} {image}
What set up?
  • #9,308
  • Oct 10, 2017 10:11am Oct 10, 2017 10:11am
Quoting hzs10
{quote} What set up?
Hello hzs10

If we look at his chart from Aug. 4 2016, which he is referring to in his post,
he is going put a buy position on the GPBNZD pair at 1.86271 because the last candle (1) has gone through sma 5.

That is what he calls his set up.
Please return if this is not clear.
Attached Image (click to enlarge)
Click to Enlarge Name: lc.PNG Size: 135 KB
All the best to all of you. But don't follow me. I am a learner.
  • #9,309
  • Oct 10, 2017 3:23pm Oct 10, 2017 3:23pm
Quoting eddytan72
{quote} what is the other indicator you use in your chart?

Which Indicator are you talking about??
  • #9,310
  • Oct 10, 2017 3:36pm Oct 10, 2017 3:36pm
GBP/USD D1 looks interesting. Trying to find a nice entry one the H1 basis tomorrow.
by the way: XAGUSD (last few days) was a very good example how this setup could work.

Attached Image (click to enlarge)
Click to Enlarge Name: 15EF6C96-9853-4DDE-82AA-F201CB913F12.jpeg Size: 259 KB
  • #9,311
  • Oct 10, 2017 4:22pm Oct 10, 2017 4:22pm
Quoting Malu
GBP/USD D1 looks interesting. Trying to find a nice entry one the H1 basis tomorrow. by the way: XAGUSD (last few days) was a very good example how this setup could work. {image}
Hi Malu,

GBP/USD D1 Pending Limit Buy
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 17 GBP:USD D1 Pending Limit Buy.png Size: 108 KB
  • #9,312
  • Oct 10, 2017 4:25pm Oct 10, 2017 4:25pm
Quoting stevepatt
{quote} Hi Malu, GBP/USD D1 Pending Limit Buy {image}
Hi Steve. Almost same entry level like for my position.
So let’s see what happens.
  • #9,313
  • Oct 10, 2017 4:27pm Oct 10, 2017 4:27pm
Quoting stevepatt
GBP/AUD D1 Pending Limit Buy GBP/CHF D1 Pending Limit Buy {image} {image}
I've canceled GBP/CHF Pending Limit Buy, Bullish Momentum has dried up.
  • #9,314
  • Oct 10, 2017 4:51pm Oct 10, 2017 4:51pm
Ehy guys, what do you think about this?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 136 KB
  • #9,315
  • Oct 10, 2017 5:18pm Oct 10, 2017 5:18pm
Quoting Joseph95
Ehy guys, what do you think about this? {image}
Hello
Could be a sign -
But for me the sma has to point more down than this.
Maybe the next candle will confirm going short.
We will see.
All the best and take care.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #9,316
  • Oct 10, 2017 7:26pm Oct 10, 2017 7:26pm
Quoting stevepatt
{quote} Which Indicator are you talking about??

all those S&R line
  • #9,317
  • Oct 10, 2017 10:57pm Oct 10, 2017 10:57pm
Quoting eddytan72
{quote} all those S&R line
That's not Support and resistance Lines, it's Whole and Half Numbers.

Whole and Half Numbers are consistent S and R Lines are arbitrary.
Attached File(s)
File Type: mq4 SweetSpotsGOLD.mq4   4 KB | 361 downloads
  • #9,318
  • Oct 11, 2017 12:42am Oct 11, 2017 12:42am
Quoting Joseph95
Ehy guys, what do you think about this? {image}
Hi Joseph,

Personally I'm looking to get into a Swing Level as soon as possible.

It depends where the swing is forming, see chart.

USD/CHF D1 Pending Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Oct 17 USD:CHF D1 Pending Limit Sell.png Size: 128 KB
  • #9,319
  • Oct 11, 2017 12:54am Oct 11, 2017 12:54am
Quoting stevepatt
{quote} That's not Support and resistance Lines, it's Whole and Half Numbers. Whole and Half Numbers are consistent S and R Lines are arbitrary. {file}

ok, thanks for that....
  • #9,320
  • Oct 11, 2017 4:02am Oct 11, 2017 4:02am
Is it a good timing to enter LONG now? What do you think?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 281 KB
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