Monthly Profit - Daily Trading using SMA

Hi Mizi, thanks for the call.

Nj in interesting zone....

Hello Mizi123
Thank you.
Looks like EURCAD has got a new start - long, too.
We'll see.

Yep i have created explorer and i em looking with seriosity the system exept EUR/AUD all the selected trades during the week are going well...

On my watch list from tomorow on (maybe on next week) are: GBP/AUD, NZDJPY and AUD/JPY... lets see

What i have found extremly helpfull is using monthly pivot point to filter trades because we play with daily candles... im testing them stil! Allso waching corelation betwen pairs when you take trade in my case was eur/aud ...

Hi everyone, heads up on EURUSD upside reaching delicate convergence of weekly and daily BB middle band. In addition the level closely matches daily Kijun on ichimoku.

did anyone notice this one ?

some nice signal for next week

this is looking good for next week, anybody else looking at it?

i already posted about this pair in morning, hopefully it will go up next week

Could be a nice one.
Expect substantial volatility with GBP as we are approaching Brexit deadline so risk management takes the lead even more.

What i have noticed for these method is that signals taked on start of the week work's better. These are my previous week results. Onlu EUR/AUD has gone wrong but still active.

There is big relation bettwen monthly pivot points and these method... see how price have reacted on EUR/CAD ...

Another example AUD/ NZD see the reaction on entry and exit candles..

Hi Mizi, I made a similar observtion in my post #9774 on weekly pivots, however I noticed they are quite reliable on some pairs and less on others.

As an assisting tool, may I present a currency momentum strength meter shared in the Ccfp Weekly thread. There are two versions as in the pic attached. Ignore the suggested trades but simply focus on the Strength Levels values and see how each currency compares to each other in a relative manner. In the attached pic for example, you will see Cad is weaker than Aud and in this case you will want to trade AudCad long.

And when you scan each currency pairs at the start of the day, you will find this meter quite helpful as you can focus on the pairs based on the strength, rather than scanning all pairs in an alphabetical order, for instance.

All indicators on the chart are self explanatory. You will find them all in FF.

Cheers and nice weekend,
RS

We have a confirmed bullish morning star in this pair , most likely it will be bullish the days ahead .

hey traders, i have been working on a dash that some of you might want to try out. i just programmed it to read the last 3 complete candles for validity of this thread. if candle 2 & 3 closed below 5SMA and candle 1 closed above 5SMA, it should show a SM (green colored box) in the correct box for that pair and TF you are interested in. again, i just programmed it this morning, so i have not seen it in action while the market is open.
also, since the market is closed right now, the last candle you see in your charts is candle 0 (last candle. since the market is closed, this candle has not technically closed yet). so be sure you are looking at candles 1,2 and 3....not candle 0.

also, if you save your favorite template to the name "PA_dash.tpl", you can open that chart with 1 click using the buttons on the far left of this dash.

the other initials you see in boxes stand for the following:
e - "small" engulfing
E - "large" engulfing
I - inside bar
p - "small" pinbar
P - "large" pinbar

the green/red arrows, represent the current price compared to the 200 EMA for overall trend direction

WARNING!! - THIS IS A WORK IN PROGRESS!!! USE AT YOUR OWN RISK, ESPECIALLY THE PENDING ORDER BUTTONS!!!! I HAVE NOT FINISHED PROGRAMMING THESE YET!!!

the basket buttons are working well. these are the bottom 7 x 3 grid of buttons. for example, if you press the "blue" USD button, you will open a buy trade for all pairs with USD as the dominant currency AND you will open a sell trade for all the pairs with USD as the minor currency. so USDJPY will be a buy and GBPUSD will be a sell with the click of 1 button. you can control the lot size, TP and SL for each trade with the yellow bottom left box. IF you press the GOLD USD button, the opposite will happen.....a sell on USDJPY and a buy on GBPUSD. the red CLOSE button, will close the USD basket trades you have open.

the CLOSE ALL (emergency button) button at the top will close ALL trades you have opened using this dash.

AGAIN.....PLEASE USE ON DEMO until you are satisfied this works as you anticipate!!!

i will probably be adding a filter for the SM signal according to where price is in relation to the BB's. again, this is a MAJOR work in progress!!!

and a special THANKS goes out to GVC for the original dash that i have been playing with. i did not code this from scratch!! i have only revised it!!! he is the master coder!!!

NOTE: this is an EA. it goes in your Expert folder. you do NOT have to "turn it on" to just see the candle patterns and other displays. you do have to "Turn" it on if you want to use any of the buttons for the template or trading.

Amazing thread
Thank you all.
Subscribed!