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Monthly Profit - Daily Trading using SMA

  • #3,941
  • Sep 22, 2016 2:29pm Sep 22, 2016 2:29pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
[quote=Bk8;9049132]Candle should not touch then upper BB line (Optional)

tseraf: The 1st post answers many issues but there are still questions, many, than can be asked.

Example: Bk8 says that candle should not touch upper BB line.

Question: Only upper? Not also the bottom line, when it is the case? With the body or with the wick, and so on... Learners wish to be sure about EVERY SINGLE DETAIL because they do not want to be wrong and lose money.

This is for me one of the GREATEST things that this thread offers: A way for learners to make money and, most importantly, to overcome and to dissipate their fears to trade.

All the best!
  • #3,942
  • Sep 22, 2016 2:32pm Sep 22, 2016 2:32pm
Quoting shimmering
{quote} By the way, does anyone know how I can set up my platform, so when new charts open, they open with the template I want?
Answers to some of these questions can easily be found by simply googling or reading your mt4 manual. All these pages of unnecessary questions are making it very tedious for new subscribers.

Save your template as "default.tpl" in the templates folder.
  • #3,943
  • Sep 22, 2016 2:34pm Sep 22, 2016 2:34pm
en good setup?
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  • #3,944
  • Sep 22, 2016 2:36pm Sep 22, 2016 2:36pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
What do you think about this one?
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  • #3,945
  • Sep 22, 2016 2:36pm Sep 22, 2016 2:36pm
Quoting BuffaloPat
Two hours until close. Looks like we have several options. E/G-I like seeing that head and shoulders pattern in combination with the top BB touch and 5SMA cross. Potential Short {image} CADJPY-Solid support at .76750, has now bounced three times. Potential Long (I'm less likely to take this because I'm already short UC, don't want too many eggs in one basket) {image} GBPNZD-Broke through resistance, strong move off bottom BB, cross of 5 SMA with engulfing candle. Potential Long--This is probably my most likely position despite having to take smaller...

I was also tagging cable as a poss....
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  • #3,946
  • Sep 22, 2016 2:44pm Sep 22, 2016 2:44pm
Quoting saranga
en good setup? {image}
It technically meets the rules but I don't like it because it did not yet touch the bottom BB.
  • #3,947
  • Sep 22, 2016 2:46pm Sep 22, 2016 2:46pm
Entries are based on the daily close. I wonder why people ask if setups are valid before they even close.
  • #3,948
  • Sep 22, 2016 2:47pm Sep 22, 2016 2:47pm
Quoting BuffaloPat
Two hours until close. Looks like we have several options. E/G-I like seeing that head and shoulders pattern in combination with the top BB touch and 5SMA cross. Potential Short {image} CADJPY-Solid support at .76750, has now bounced three times. Potential Long (I'm less likely to take this because I'm already short UC, don't want too many eggs in one basket) {image} GBPNZD-Broke through resistance, strong move off bottom BB, cross of 5 SMA with engulfing candle. Potential Long--This is probably my most likely position despite having to take smaller...
Definitly i agree with you bro eur/gbp will be trade of next week
  • #3,949
  • Sep 22, 2016 2:53pm Sep 22, 2016 2:53pm
Quoting Zimbeto
Entries are based on the daily close. I wonder why people ask if setups are valid before they even close.
Because some of us like to plan in advance. You obviously haven't heard of it. If you don't have any constructive comments, why don't you stop posting. Stop leaving your snippy comments.
  • #3,950
  • Sep 22, 2016 2:54pm Sep 22, 2016 2:54pm
Quoting stu
{quote} I was also tagging cable as a poss.... {image}
Me too waiting for it after closing day candle then will be take position
Any broker, same result
  • #3,951
  • Sep 22, 2016 2:57pm Sep 22, 2016 2:57pm
Quoting BuffaloPat
{quote} Because some of us like to plan in advance. You obviously haven't heard of it. If you don't have any constructive comments, why don't you stop posting. Stop leaving your snippy comments.
You can plan in your head without posting. It's not a contest of who spots the setup first.
  • #3,952
  • Sep 22, 2016 2:59pm Sep 22, 2016 2:59pm
Hi All,
Just to update you on progress. Started on Sunday, my results are:

PIPS

Monday -121 ( mistakes on moving SL)
Wednesday +149 pips yesterday (mistake on moving SL else would be much more)
Banked +327 today
Current Running: +535 (down from +960 this afternoon)

Open trades:

USDCAD (4 mini )+152
USDCHF ((2) + 72
NZDCAD (1) + 63
EURUSD (2) +36
BITCOINUSD (1) +134
DE10BUYER (1) +80

I never thought it possible to make even 50 pips a day.......!!!

BK8 you are the chief!!!!
  • #3,953
  • Sep 22, 2016 3:05pm Sep 22, 2016 3:05pm
Quoting Zimbeto
{quote} You can plan in your head without posting. It's not a contest of who spots the setup first.
And yet, you are the clown reading the thread an hour and a half before the daily close and making comments. You don't want to see them, then don't sign in until after 5PM EST.
  • #3,954
  • Sep 22, 2016 3:08pm Sep 22, 2016 3:08pm
Quoting onarticus
Hi All, Just to update you on progress. Started on Sunday, my results are: PIPS Monday -121 ( mistakes on moving SL) Wednesday +149 pips yesterday (mistake on moving SL else would be much more) Banked +327 today Current Running: +535 (down from +960 this afternoon) Open trades: USDCAD (4 mini )+152 USDCHF ((2) + 72 NZDCAD (1) + 63 EURUSD (2) +36 BITCOINUSD (1) +134 DE10BUYER (1) +80 I never thought it possible to make even 50 pips a day.......!!! BK8 you are the chief!!!!
It happened the same to me, I had low profit because I trailed. Anyway, better safe and sound. But this strategy is a winner. It will be my main forex trading strategy.
  • #3,955
  • Sep 22, 2016 3:09pm Sep 22, 2016 3:09pm
Quoting BuffaloPat
{quote} Because some of us like to plan in advance. You obviously haven't heard of it. If you don't have any constructive comments, why don't you stop posting. Stop leaving your snippy comments.
Thanks for your superb comment. Yes we are planner and always create our watchlist before NY close.
I Win, I Lose, It's my Job... And I Love it!
  • #3,956
  • Sep 22, 2016 3:12pm Sep 22, 2016 3:12pm
Quoting BuffaloPat
{quote} And yet, you are the clown reading the thread an hour and a half before the daily close and making comments. You don't want to see them, then don't sign in until after 5PM EST.
It's funny that you take offense over a very valid comment I made.
  • #3,957
  • Sep 22, 2016 3:20pm Sep 22, 2016 3:20pm
So, guys today we r having more setups hope !
  • #3,958
  • Sep 22, 2016 3:20pm Sep 22, 2016 3:20pm
Quoting shimmering
{quote} Did you know that the Scripts folder is a sub-folder of the MQL4 folder? For the template name, could it be the Template folder?


No, put that "templete name" tpl file into directly into the MLQ4 folder next to all the other folders (it will be the only non folder). This makes it that when all the charts populate, it will show them all with a 5 SMA line.
I love forex. One day it will love me back.
  • #3,959
  • Sep 22, 2016 3:21pm Sep 22, 2016 3:21pm
Quoting umairsheikh2
{quote} Thanks for your superb comment. Yes we are planner and always create our watchlist before NY close.
I just ignored him. I don't have time for trolls.
  • #3,960
  • Sep 22, 2016 3:23pm Sep 22, 2016 3:23pm
Quoting aszain02
So, guys today we r having more setups hope !
Yes we will have some for sure. BuffaloPat posted several options that looksreally good, but i will wait for bk8 to comment on his positions.
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