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Monthly Profit - Daily Trading using SMA

  • #1,981
  • Sep 11, 2016 9:54am Sep 11, 2016 9:54am
Quoting monaghan
{quote} Vert nice Ghibli i can also spot some very nice candle pattern's, the new guys should study your charts and look for them, its very helpful to learn
Thank you monaghan , we will see how this system will react with SR ,maybe in the future ,it will turn out ,that the SR will be a good moment and target to take the first TP
Read 1st post , if you don't understand something , then , ask a question
  • #1,982
  • Sep 11, 2016 10:06am Sep 11, 2016 10:06am
Quoting Bk8
{quote} @Contributors - Please post your setups for today, we will shortlist by 4 PM EST.
4 on my watchlist, but not really liking any of them too much.....

GBP/AUD long (against trend, not much room to upper BB)
Brent Crude Oil short (danger of whipsaw)
Gold short (against trend)
NZD/USD short (against trend)
  • #1,983
  • Sep 11, 2016 10:27am Sep 11, 2016 10:27am
Please post your setups for today

Quoting Ghibli
Ok, here is some stuff for you guys ,with SR levels etc , specially for "new" traders , maybe it wille help you ,to make a better choice with picking the pairs for your entries .Green pips to all Also ,we will see how SR levels will behave with this system NZD/USD {image} AUD/CHF {image} AUD/CAD {image} AUD/USD {image} GBP/AUD {image} GBP/CAD {image} GBP/NZD {image} NZD/CHF {image} NZD/JPY {image} USD/CHF {image}
  • #1,984
  • Sep 11, 2016 11:01am Sep 11, 2016 11:01am
Quoting Bk8
Please post your setups for today {quote}
Not a fan of todays setups , but market will do ,one way or another what he wants..

NZD/CHF - sell

NZD/USD - sell ,realy don't like that support line , but on weekly chart it looks like it bounced from the resistance ,few last weeks have nice wicks,so will try this one

AUD/CHF - look at that nice head and shoulders, also the price went out from the flag

USD/JPY - "maybe" it will form a double bottom ?

GBP/AUD - really close to the resistance ,but i like that "momentum" ,it really nicely bounced from the channel to go up and maybe the market will try to take stop losses that are just above the resistance ..
Read 1st post , if you don't understand something , then , ask a question
  • #1,985
  • Sep 11, 2016 11:09am Sep 11, 2016 11:09am
Quoting Ghibli
{quote} Not a fan of todays setups , but market will do ,one way or another what he wants.. NZD/CHF - sell NZD/USD - sell ,realy don't like that support line , but on weekly chart it looks like it bounced from the resistance ,few last weeks have nice wicks,so will try this one AUD/CHF - look at that nice head and shoulders, also the price went out from the flag USD/JPY - "maybe" it will form a double bottom ? GBP/AUD - really close to the resistance ,but i like that "momentum" ,it really nicely bounced from the channel to go up and maybe the market...
Thanks Ghibli!

@Yonnie/@Fx-Flux/All - Please post your setups if you have not done already
  • #1,986
  • Sep 11, 2016 11:09am Sep 11, 2016 11:09am
ps. still have G/U set on BE
Read 1st post , if you don't understand something , then , ask a question
  • #1,987
  • Sep 11, 2016 11:12am Sep 11, 2016 11:12am
Quoting Ghibli
ps. still have G/U set on BE
I have U/C, A/J, E/G, G/CHF, E/CHF from last week
  • #1,988
  • Sep 11, 2016 11:17am Sep 11, 2016 11:17am
Quoting Bk8
{quote} I have U/C, A/J, E/G, G/CHF, E/CHF from last week
Wish for you ,that all of them will be " fat and green "
Read 1st post , if you don't understand something , then , ask a question
  • #1,989
  • Sep 11, 2016 11:19am Sep 11, 2016 11:19am
Quoting Ghibli
{quote} Wish for you ,that all of them will be " fat and green "
Ha ha, thanks very much Ghibli.. you are the best
  • #1,990
  • Sep 11, 2016 11:24am Sep 11, 2016 11:24am
Fx-Flux,

First thanks kindly for your assistance. I do have the template_name.tpl in my MQL4 folder, as well as Daily Cross V6 in my scripts folder. When I open MT4, there are no charts open. If I pull a a Symbol over from Market Watch, it opens naked as an 1-hour chart. When I pull the Daily Cross V6 over on to it, the crosses are displayed in the EA tab, but the chart is still naked 1-hr chart. Do I have this all wrong? It was my understanding that any chart applied would have our setup and then Daily Cross V6 would automatically open charts that meet criteria.

Any additional direction you can provide would be very much appreciated.

Thanks again
Mitch
  • #1,991
  • Sep 11, 2016 11:44am Sep 11, 2016 11:44am
Hi traders i hope you are doing well #BK8 especially i have question: Is there any sequences that make differenc between setups (wich seperate they with higer propability of materialization)? Thanc you and all the best for you!
  • #1,992
  • Sep 11, 2016 11:49am Sep 11, 2016 11:49am
Quoting mitchp
Fx-Flux, First thanks kindly for your assistance. I do have the template_name.tpl in my MQL4 folder, as well as Daily Cross V6 in my scripts folder. When I open MT4, there are no charts open. If I pull a a Symbol over from Market Watch, it opens naked as an 1-hour chart. When I pull the Daily Cross V6 over on to it, the crosses are displayed in the EA tab, but the chart is still naked 1-hr chart. Do I have this all wrong? It was my understanding that any chart applied would have our setup and then Daily Cross V6 would automatically open charts that...
There is no philosophy just pres these save tmp (name it ) and that's it
Attached Image (click to enlarge)
Click to Enlarge Name: tmp.png Size: 16 KB
  • #1,993
  • Sep 11, 2016 11:54am Sep 11, 2016 11:54am
Quoting mizi123
Hi traders i hope you are doing well #BK8 especially i have question: Is there any sequences that make differenc between setups (wich seperate they with higer propability of materialization)? Thanc you and all the best for you!
Hi mizi123 ,
Well for sure we don't like to open a position if the price is ranging sideways ,from couple of days or longer time - consolidation will be the "no" factor ,so this is important.
The second one will be not entering the trade if the price is very close to the upper band of BB ( in case of buying ) or to the lower band ( in case of selling )

But it's forex,market will do anything he wants , sometimes very high probability orders are turning in to losses and vice versa
Read 1st post , if you don't understand something , then , ask a question
  • #1,994
  • Sep 11, 2016 11:56am Sep 11, 2016 11:56am
Quoting Ghibli
{quote} Not a fan of todays setups , but market will do ,one way or another what he wants.. NZD/CHF - sell NZD/USD - sell ,realy don't like that support line , but on weekly chart it looks like it bounced from the resistance ,few last weeks have nice wicks,so will try this one AUD/CHF - look at that nice head and shoulders, also the price went out from the flag USD/JPY - "maybe" it will form a double bottom ? GBP/AUD - really close to the resistance ,but i like that "momentum" ,it really nicely bounced from the channel to go up and maybe the market...
The NZDCHF is at monthly and weekly supply, so the probability it will go down is very high. That is a setup I will take
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-11_18-53-06.png Size: 15 KB
  • #1,995
  • Sep 11, 2016 11:59am Sep 11, 2016 11:59am
Quoting mkb1272
{quote} The NZDCHF is at monthly and weekly supply, so the probability it will go down is very high. That is a setup I will take {image}
Great good observation
Read 1st post , if you don't understand something , then , ask a question
  • #1,996
  • Sep 11, 2016 12:21pm Sep 11, 2016 12:21pm
Quoting mkb1272
{quote} The NZDCHF is at monthly and weekly supply, so the probability it will go down is very high. That is a setup I will take {image}
Thanks for the tip👍
Human beings are members of a whole, In creation of one essence and sol.
  • #1,997
  • Sep 11, 2016 12:21pm Sep 11, 2016 12:21pm
Quoting mitchp
Fx-Flux, First thanks kindly for your assistance. I do have the template_name.tpl in my MQL4 folder, as well as Daily Cross V6 in my scripts folder. When I open MT4, there are no charts open. If I pull a a Symbol over from Market Watch, it opens naked as an 1-hour chart. When I pull the Daily Cross V6 over on to it, the crosses are displayed in the EA tab, but the chart is still naked 1-hr chart. Do I have this all wrong? It was my understanding that any chart applied would have our setup and then Daily Cross V6 would automatically open charts that...
And you say it lists the crossings in the expert tab but no charts open? I will upload the latest version shortly which includes a spread filter so that none of the exotic currencies are included in the search
So many in the Commercial section want to make me rich! :o
  • #1,998
  • Sep 11, 2016 12:24pm Sep 11, 2016 12:24pm
Thx bk8 i'been using this methode for a week and so great.. very helping..
hopes you will be succesfull now n future😉
Forex for life
  • #1,999
  • Sep 11, 2016 12:39pm Sep 11, 2016 12:39pm
Why we are adding so many factors such as SR, Supply & Demand and trend etc... Now we are ignoring simplicity of this method such as SMA crosses.

I think the beauty of this system is newbie friendly and momentum trading. We just need to spot only sideways market for avoiding choppy setups.

Now we are getting confused for not taking trades because they are against from main trend, SD & S/R zone everywhere and off course big round numbers.

LOL! If these things exactly works then we are losing money? Think about it? We are always thankful to BK8 for his simple method; WHY?

I am sure if we will add more complicated things, this system ruined like other threads.

Believe me Simple things works!

Regards.
Umee
I Win, I Lose, It's my Job... And I Love it!
  • #2,000
  • Sep 11, 2016 12:56pm Sep 11, 2016 12:56pm
Quoting umairsheikh2
Why we are adding so many factors such as SR, Supply & Demand and trend etc... Now we are ignoring simplicity of this method such as SMA crosses. I think the beauty of this system is newbie friendly and momentum trading. We just need to spot only sideways market for avoiding choppy setups. Now we are getting confused for not taking trades because they are against from main trend, SD & S/R zone everywhere and off course big round numbers. LOL! If these things exactly works then we are losing money? Think about it? We are always thankful to BK8 for...
Hi Umair,

I appreciate your feedback, S&R is a optional..that will help us to pick the best setups if there are so many options or take profit for first position.
We will always stick to our rules, and SMA will be the key driver.. rest will be optional.
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