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Monthly Profit - Daily Trading using SMA

  • #4,241
  • Sep 24, 2016 1:08am Sep 24, 2016 1:08am
Quoting monaghan
Morning All please be aware that next week is month end, a lot of the pairs we trade are heading for Monthly Support or Resistance the black lines, have a great week, also Oanda MT4 users, if you want to change from GMT -5 which I trade or to the bosses GMT + 2 just click on the Login Box bottom right hand corner, just trying to help {image}
Hi Monaghan,

I am using Alpari UK and the new Daily candle is opened at 3AM Indian time which is not the perfect time to trade. Did you mean by selecting GMT +2 option, I can get a different timing (see the screenshot) for the Daily open candle? I tried to use different option from the list, they all open at the same time.
Attached Image
  • #4,242
  • Sep 24, 2016 1:47am Sep 24, 2016 1:47am
Market testing for this method, and the result is fucking good next week i will trade for big size of lot. Thx for share this fucking brilliant method
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  • #4,243
  • Sep 24, 2016 2:03am Sep 24, 2016 2:03am
Quoting Ezagionino
Market testing for this method, and the result is fucking good next week i will trade for big size of lot. Thx for share this fucking brilliant method {image}
Wow
your command of the English language is abhorrent potty mouth
  • #4,244
  • Sep 24, 2016 2:07am Sep 24, 2016 2:07am
Quoting rajeeshm
{quote} Hi Monaghan, I am using Alpari UK and the new Daily candle is opened at 3AM Indian time which is not the perfect time to trade. Did you mean by selecting GMT +2 option, I can get a different timing (see the screenshot) for the Daily open candle? I tried to use different option from the list, they all open at the same time. {image}
Hi Rajeeshm
You should be good, i only suggested it as thats the time zone BK8 and a lot of the others trade the new candle, where as for me its 2 in the morning and i need my beauty sleep
  • #4,245
  • Sep 24, 2016 2:32am Sep 24, 2016 2:32am
Quoting rajeeshm
{quote} Hi Monaghan, I am using Alpari UK and the new Daily candle is opened at 3AM Indian time which is not the perfect time to trade. Did you mean by selecting GMT +2 option, I can get a different timing (see the screenshot) for the Daily open candle? I tried to use different option from the list, they all open at the same time. {image}
Man, that's the server ping time. The time it takes for your computer to receive quotes.
So many in the Commercial section want to make me rich! :o
  • #4,246
  • Sep 24, 2016 3:54am Sep 24, 2016 3:54am
Quoting ejlestrado
Hello everybody! What do you think about the setup eur/jpy for the next week? {image}
EUR/JPY is currently in retracement off lower Bollinger band support on a Daily window. But the Hourly SMA-7 window shows it is still strongly short. Stay short a little longer, if you are already in a short position, until Hourly SMA-7 flips above 113.472. Simply order an opposite (long) trade with double the current volume to trigger whenever SMA-7 hits 113.475 Thus your EUR/JPY position will switch from short to long at that point with minimal entry deficit. Entering a trade or pivoting from short to long before EUR/JPY flips to 113.475 will cost about (113.48-113.39)x100 or 9 pips, which is equal to $(1.139 x 9) or $10.25 How to determine a safe pivot point like 113.47 calls for both experience and analytic expertise. To get a sense of how SMA-7 moves, go to m1 window and just keep watching the up and down movement for a while to see what happens when it flips above or below certain points. The upper or lower limit tends to be a mirror image of the current position following any pivotal flip.
Mecrandie
  • #4,247
  • Sep 24, 2016 4:14am Sep 24, 2016 4:14am
Quoting monaghan
Morning All please be aware that next week is month end, a lot of the pairs we trade are heading for Monthly Support or Resistance the black lines, have a great week, also Oanda MT4 users, if you want to change from GMT -5 which I trade or to the bosses GMT + 2 just click on the Login Box bottom right hand corner, just trying to help {image}
i do not use mt4. please tell me what time say in NY at gmt +2 which for me is a time zone and not a time.

is it 5pm NY time? does it mean midnight at gmt +2?
  • #4,248
  • Sep 24, 2016 4:16am Sep 24, 2016 4:16am
Quoting thor888
{quote} i do not use mt4. please tell me what time say in NY at gmt +2 which for me is a time zone and not a time. is it 5pm NY time? does it mean midnight at gmt +2?
Midnight GMT+2 is when the new candle forms. For me it's not too bad because in the UK i don't have to stay up as late (10pm)
So many in the Commercial section want to make me rich! :o
  • #4,249
  • Sep 24, 2016 4:18am Sep 24, 2016 4:18am
Quoting thor888
{quote} i do not use mt4. please tell me what time say in NY at gmt +2 which for me is a time zone and not a time. is it 5pm NY time? does it mean midnight at gmt +2?
Hi Thor
just Google it if you want to make sure
  • #4,250
  • Sep 24, 2016 4:23am Sep 24, 2016 4:23am
Quoting FX-Flux
{quote} Midnight GMT+2 is when the new candle forms. For me it's not too bad because in the UK i don't have to stay up as late (10pm)
Thats because you are still a young guy FX-Flux
some of us are sixty plus already, plus the fact i enjoy a few glasses of wine on a Sunday evening, well done on your results for the week and good luck for next week
  • #4,251
  • Sep 24, 2016 5:19am Sep 24, 2016 5:19am
Quoting mecrandie
{quote} EUR/JPY is currently in retracement off lower Bollinger band support on a Daily window. But the Hourly SMA-7 window shows it is still strongly short. Stay short a little longer, if you are already in a short position, until Hourly SMA-7 flips above 113.472. Simply order an opposite (long) trade with double the current volume to trigger whenever SMA-7 hits 113.475 Thus your EUR/JPY position will switch from short to long at that point with minimal entry deficit. Entering a trade or pivoting from short to long before EUR/JPY flips to 113.475...
We'd appreciate it if you could start a thread on your analysis. what this thread is all about is SMA 5,0. Pls let'e stick to that so as not to derail the thread and to avoid confusing newbies.
The World As It Is Can Do With Your Positive Disposition
  • #4,252
  • Sep 24, 2016 7:16am Sep 24, 2016 7:16am
Quoting FX-Flux
{quote} Midnight GMT+2 is when the new candle forms. For me it's not too bad because in the UK i don't have to stay up as late (10pm)
thanks. that's all I needed to know, midnight gmt +2.
  • #4,253
  • Sep 24, 2016 7:47am Sep 24, 2016 7:47am
Quoting liberty71
{quote} We'd appreciate it if you could start a thread on your analysis. what this thread is all about is SMA 5,0. Pls let'e stick to that so as not to derail the thread and to avoid confusing newbies.
Exactly
Human beings are members of a whole, In creation of one essence and sol.
  • #4,254
  • Sep 24, 2016 7:55am Sep 24, 2016 7:55am
Quoting liberty71
{quote} We'd appreciate it if you could start a thread on your analysis. what this thread is all about is SMA 5,0. Pls let'e stick to that so as not to derail the thread and to avoid confusing newbies.
Yea, every time some one brings in some thing new, it brings insecurity. Some times, it is like we rather not know and just stick to the simple method.If it aint broke why fix it.thanks.
  • #4,255
  • Sep 24, 2016 8:28am Sep 24, 2016 8:28am
Hi folks
NZDUSD a reenter short on Monday? Anyone agrees it is hitting against a trend line and has no room to move further down? Just want to be sure. Thanks
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  • #4,256
  • Sep 24, 2016 8:30am Sep 24, 2016 8:30am
Quoting monaghan
{quote} Wow your command of the English language is abhorrent potty mouth
Excellent 👌I
  • #4,257
  • Sep 24, 2016 8:44am Sep 24, 2016 8:44am
[quote=Singha83;9156195]{quote} 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.[/quote
Putting the template file directly into the MQL4 folder did not make any difference. I even put in the template name into the inputs bar of the script window, but they still come open just as a plain default chart.
  • #4,258
  • Sep 24, 2016 8:57am Sep 24, 2016 8:57am
Quoting Salmas
My Set up for today: cadjpy long 5sma+volume gbpnzd(better probabilty) long eurnzd long 5sma+ volume
Hi SALMAS,

Please inform how you evaluate volume in forex . (any indicator?)

Tks
  • #4,259
  • Sep 24, 2016 9:00am Sep 24, 2016 9:00am
Quoting josephkee
Hi folks NZDUSD a reenter short on Monday? Anyone agrees it is hitting against a trend line and has no room to move further down? Just want to be sure. Thanks {image}
yes,i would...it hasn't only "hit" the trendline, for me it "broke"...
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Money is made by sitting, not trading. Jesse L. Livermore
  • #4,260
  • Sep 24, 2016 9:41am Sep 24, 2016 9:41am
Quoting sam69
{quote} yes,i would...it hasn't only "hit" the trendline, for me it "broke"... {image}
Looking forward to BKs analysis, but if you look left, yesterday's candle is within range of several candles from last week. Looks a little flat to me, but we'll wait for BK.
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