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Monthly Profit - Daily Trading using SMA

  • #801
  • Aug 29, 2016 5:32pm Aug 29, 2016 5:32pm
Quoting FX-Flux
{quote} I created two things a Script and an EA. I binned the EA as I didn't want to spend any more time on it. As for the Script, all it does is list all the pairs which had an crossover the day before. Hence, you run this just after midnight or whenever your new daily candle forms. You need to check my original post: {quote} And then use V2 found here: {quote} Drag this onto a chart to run it and then check your Experts Tab at the bottom of the screen to see the results... Again, this is not an automated strategy so you will have to make up your...

Thanks FX-Flux
  • #802
  • Aug 29, 2016 6:02pm Aug 29, 2016 6:02pm
Quoting shaan295
Today Closed positions. {image}
Congrats!!!
  • #803
  • Aug 29, 2016 6:40pm Aug 29, 2016 6:40pm
Hello.
Could someone look at this.

Waiting..gbpchf,usdchf,audcad,audnz,cadchf,eujpy,gpjpy
Orders ...euraud short, usdcad long
Long nzdjpy, audjpy
short gbpusd short

You don't have to check it all. I understand you have enough to explore on your own.
but I would be grateful for comments on a few of the pairs.

Thank you for sharing this system.
I have read it all with thanks, that you will take the time, Bk8

Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #804
  • Aug 29, 2016 7:02pm Aug 29, 2016 7:02pm
Quoting Bk8
{quote} I prefer 5 PM EST.
it means when the sydney market open ?
  • #805
  • Aug 29, 2016 7:28pm Aug 29, 2016 7:28pm
Quoting Oddbjorg
Hello. Could someone look at this. Waiting..gbpchf,usdchf,audcad,audnz,cadchf,eujpy,gpjpy Orders ...euraud short, usdcad long Long nzdjpy, audjpy short gbpusd short You don't have to check it all. I understand you have enough to explore on your own. but I would be grateful for comments on a few of the pairs. Thank you for sharing this system. I have read it all with thanks, that you will take the time, Bk8 Oddbj.
If you have to compenste loss then you may close some otherwise you may keep modify stoploss to last candles high/low + 15 pips
  • #806
  • Aug 29, 2016 7:44pm Aug 29, 2016 7:44pm
Quoting Bk8
{quote} If you have to compenste loss then you may close some otherwise you may keep modify stoploss to last candles high/low + 15 pips
Thank you Bk8.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #807
  • Aug 29, 2016 8:35pm Aug 29, 2016 8:35pm
Quoting Bk8
Anybody is still holding U/CHF? 107 pips but todays candle is little confusing {image}
hi Bk8, still have U/CH open. what is confusing about the candle?
  • #808
  • Aug 29, 2016 9:24pm Aug 29, 2016 9:24pm
Quoting yonnie
{quote} hi Bk8, still have U/CH open. what is confusing about the candle?
Me too, todays candle was directionless but looks good now
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  • #809
  • Aug 29, 2016 9:27pm Aug 29, 2016 9:27pm
FYI - Normally I ignore setup which has parallel candles but I closed GU so I took GA today
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  • #810
  • Aug 29, 2016 9:35pm Aug 29, 2016 9:35pm
Thank you Bk8
I have learnt alot just from reading through this thread.

Keep up the great work.

I was looking at GA but was thinking it looked a bit sideways
Have jumped in a little late.
  • #811
  • Aug 29, 2016 10:16pm Aug 29, 2016 10:16pm
Quoting fekko
Thank you Bk8 I have learnt alot just from reading through this thread. Keep up the great work. I was looking at GA but was thinking it looked a bit sideways Have jumped in a little late.
Thanks and Welcome fekko! GA may give surprises so you may like to exist with small profits.
  • #812
  • Aug 29, 2016 10:36pm Aug 29, 2016 10:36pm
USDCAD
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  • #813
  • Aug 29, 2016 10:37pm Aug 29, 2016 10:37pm
Quoting uaehawx
USDCAD {image}
Now we have someone bringing the dreaded macd into here
  • #814
  • Aug 29, 2016 10:38pm Aug 29, 2016 10:38pm
OIL BK8 what u think about oil
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  • #815
  • Aug 29, 2016 10:43pm Aug 29, 2016 10:43pm
Quoting deankenny21
{quote} Now we have someone bringing the dreaded macd into here
  • #816
  • Aug 29, 2016 10:47pm Aug 29, 2016 10:47pm
Quoting uaehawx
OIL BK8 what u think about oil {image}
I would ignore until it crosses SMA again and obviously no sideways pattern
  • #817
  • Aug 29, 2016 11:31pm Aug 29, 2016 11:31pm
Some help to those new. Talking about OIL something I like to follow, I did notice the cross down of the SMA recently. Would I have took this trade, a BIG NO. Look at the pivot area, support/resistence flip zone (Red horizontal line) it's arriving at almost instantly, look to the left at my red arrows at the bounces/reactions to this area, if you were to short, would you really want to short straight into that wall?

Now, we can however use this to our advantage, if oil fell a bit more and closed "UNDER" that pivot zone, a short would be an extremely good trade, as not only did we close under pivot, but this pivot would now act as a resistance protecting our stop loss, like a large army at the front of our castle.

Always wait till you have an army to defend you
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  • #818
  • Aug 30, 2016 2:12am Aug 30, 2016 2:12am
Quoting Bk8
{quote} It was doing great but looks like some big traders booked profit from Wednesday and brought it down so lets take profit and get out.
Mine is still open :o
So many in the Commercial section want to make me rich! :o
  • #819
  • Aug 30, 2016 4:21am Aug 30, 2016 4:21am
Quoting Bk8
FYI - Normally I ignore setup which has parallel candles but I closed GU so I took GA today {image}
I observed the setting for SMA was changed.
  • #820
  • Aug 30, 2016 4:43am Aug 30, 2016 4:43am
Quoting Bk8
{quote} Me too, todays candle was directionless but looks good now {image}
May I know why you closed the GU trade, I see there's no obstacle towards south....
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