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Monthly Profit - Daily Trading using SMA

  • #3,281
  • Sep 19, 2016 10:14pm Sep 19, 2016 10:14pm
Quoting thor888
I interpret clearly cross as close above or below sma 5. On a Sunday night all markets should be closed already unless maybe if you are in West Coast USA and NZ may have already open for Monday {quote}
Hi thor, yes im in Singapore. Market is open, but my broker is IG and they uses london timing. So kind of confusing for me at times I need to keep calculating the time. Guess a newbie will face this. Perhaps few weeks to months down the road I will get used to it...
Newbie Noob Trading
  • #3,282
  • Sep 19, 2016 10:18pm Sep 19, 2016 10:18pm
Quoting Ghibli
{quote} When you are opening two positions at the same time ( almost the same sec ) ,set the Sl the same for two trades and one TP only - for one position ,and then you zoom out the whole picture,you don't see two different positions..there are blending which each other ..look at my positions below and my charts above in previous posts{image}
Thanks Ghibli,
I see that on your chart, but every other chart I see from everyone else still only shows one open position?
  • #3,283
  • Sep 19, 2016 10:50pm Sep 19, 2016 10:50pm
Quoting Bk8
{quote} Both are sideways
Hi Bk8,

May I know why AJ is sideway?
  • #3,284
  • Sep 19, 2016 10:51pm Sep 19, 2016 10:51pm
Quoting Smurfy
{quote} Hi thor, yes im in Singapore. Market is open, but my broker is IG and they uses london timing. So kind of confusing for me at times I need to keep calculating the time. Guess a newbie will face this. Perhaps few weeks to months down the road I will get used to it...
You may use candle time indicator and attach in your pc mt4 terminal.
  • #3,285
  • Sep 19, 2016 10:52pm Sep 19, 2016 10:52pm
Quoting ItsReal307
No Setups, No Problems . Let's play Golf!
Like your style, just finished doing exactly that - in the pouring rain lol
  • #3,286
  • Sep 19, 2016 10:53pm Sep 19, 2016 10:53pm
Quoting arielcorp
As a matter of interest. I have noticed many people post screenshots of their open positions. Now as I see it, the rules state to open 2 positions on each trade. One is closed if TP = 1:1 and let 2nd ride to SL which is moved to BE or continued as a trailing SL. However, when I look at people's screenshots I only see 1 trade open. When I place 2 trades I see 2 trades on mine. Am I missing something?
From my perspective you can open two positions or open one position and exit 1/2 of the position at the appropriate time.
There is no difference.
  • #3,287
  • Sep 19, 2016 10:59pm Sep 19, 2016 10:59pm
Morning All
just for info only, the reason the E/C bounced yesterday is that it hit the Daily 200 SMA Gold Line, sometimes it breaks through it sometimes it doesn't, wish we knew in advance, that's why its best just to stick with the simplicity of BK8'S system, no set ups for me today
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily 2.png Size: 66 KB
  • #3,288
  • Sep 19, 2016 10:59pm Sep 19, 2016 10:59pm
Quoting Smurfy
{quote} Hi thor, yes im in Singapore. Market is open, but my broker is IG and they uses london timing. So kind of confusing for me at times I need to keep calculating the time. Guess a newbie will face this. Perhaps few weeks to months down the road I will get used to it...
Smurfy, try this, you can set your time zone and it gives you the opening and closing times http://forex.timezoneconverter.com/?...outh&refresh=5

Just change the time zone in the drop down box
  • #3,289
  • Sep 19, 2016 11:07pm Sep 19, 2016 11:07pm
Quoting Smurfy
{quote} Hi thor, yes im in Singapore. Market is open, but my broker is IG and they uses london timing. So kind of confusing for me at times I need to keep calculating the time. Guess a newbie will face this. Perhaps few weeks to months down the road I will get used to it...
Hi Smurfy
I too in Singapore. I suggest you call IG to chanGE it to GMT 2. Every morning you wake up Singapore time 5am is a new daily candle.
Thanks
  • #3,290
  • Sep 19, 2016 11:08pm Sep 19, 2016 11:08pm
Quoting domdom1984
{quote} Hi Bk8, May I know why AJ is sideway?
Let me ask you same question, why you think its not sideways
  • #3,291
  • Sep 19, 2016 11:17pm Sep 19, 2016 11:17pm
GBPNZD still running from Friday.
Traveling now so not much time to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 34 KB
  • #3,292
  • Sep 19, 2016 11:18pm Sep 19, 2016 11:18pm
E/N is back
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 97 KB
  • #3,293
  • Sep 19, 2016 11:26pm Sep 19, 2016 11:26pm
Quoting biganc
{quote} From my perspective you can open two positions or open one position and exit 1/2 of the position at the appropriate time. There is no difference.
I thought of that as well - but how do you exit 1/2 a position?
  • #3,294
  • Sep 19, 2016 11:30pm Sep 19, 2016 11:30pm
Quoting arielcorp
{quote} I thought of that as well - but how do you exit 1/2 a position?
On MT4, when you choose Close, you can alter the position size and close a portion of it. Make sure you don't have One Click Trading enabled!
  • #3,295
  • Sep 19, 2016 11:34pm Sep 19, 2016 11:34pm
Quoting arielcorp
{quote} I thought of that as well - but how do you exit 1/2 a position?
This really is MT4 questions, just practice on MT4 Demo, nothing to do with BK8;s system and is bogging the thread down, this and many other silly questions
  • #3,296
  • Sep 19, 2016 11:56pm Sep 19, 2016 11:56pm
Quoting monaghan
{quote} This really is MT4 questions, just practice on MT4 Demo, nothing to do with BK8;s system and is bogging the thread down, this and many other silly questions
Agree, Thank you Sir!

Dear new Traders,
No offense, but please try to understand, anyone can get irritated if everyone keep asking basics, if you are not prepared just observe, learn basics from so many great sites.
we can help but that may not be enough and you will be more confused, same time other traders get irritated and run away from this thread who can play consrtuctive role here so ultimately no one will gain.
  • #3,297
  • Sep 20, 2016 12:00am Sep 20, 2016 12:00am
Quoting Bk8
{quote} Agree, Thank you Sir! Dear new Traders, No offense, but please try to understand, anyone can get irritated if everyone keep asking basics, if you are not prepared just observe, learn basics from so many great sites. we can help but that may not be enough and you will be more confused, same time other traders get irritated and run away from this thread who can play consrtuctive role here so ultimately no one will gain.
Agreed.

Guys c'mon, lets try keep the thread clean, such questions as closing half a position could've been done like this

http://lmgtfy.com/?q=how+to+close+half+position+in+mt4

Rather than asking on here, something that took 0.0023 seconds to search for.
  • #3,298
  • Sep 20, 2016 12:11am Sep 20, 2016 12:11am
Quoting notreally
GBPNZD still running from Friday. Traveling now so not much time to trade. {image}
I am still on for GBPNZD and GBPAUD. From BK system, more downside is still possible. TP not hit yet.
  • #3,299
  • Sep 20, 2016 12:41am Sep 20, 2016 12:41am
Current open [email protected] nzd/chf-8.60; nzd/usd-11.10; eur/aud-4.05. Still running. Thanks BK8.
  • #3,300
  • Sep 20, 2016 1:00am Sep 20, 2016 1:00am
Good Morning All,
GBP/NZD is touching the lowerband BB..!
carful if you are going to open a new position!
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