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Start Winning - Trade the Current Trend

  • #41
  • Nov 17, 2016 3:30am Nov 17, 2016 3:30am
Quoting goodways100
In the indi ma cross alert I am trying to add the current rate next to symbol. I don't know coding. SendMail ("Buy cross -" + Symbol() + "-" + TM + "-" + AccountCompany(), Can someone help me add the current currency rate at the time of the alert. Thanks and Regards
Personally, I have no idea what you are talking about. What exactly are you trying to achieve?
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  • #42
  • Nov 17, 2016 3:33am Nov 17, 2016 3:33am
Not much time for trading today due to work but hope to catch something at least. Maybe later on.

Goood luck all.
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  • #43
  • Nov 17, 2016 3:43am Nov 17, 2016 3:43am
Quoting wizlon32
Here is my screen setup. This is AUDUSD but I save each pair as it's own profile so I can switch easily between them. I also have an overview profile which I use to look at several pairs at once. And Ihave my RSI Dash profile. The HTF MAs (dotted) on the 2 HTF charts are configured for the next higher time frame 10EMA and 10 of previous 10EMA. Maybe a bit much for some people but it works for me. {image}
Hi wizlon32, my setup is very similar, got Renko on one monitor, and other splitted in 3 windows with M30/H4/D1 for same pair, nice system you got here, subscribed
  • #44
  • Nov 17, 2016 3:48am Nov 17, 2016 3:48am
Quoting mokuro89
{quote} Hi wizlon32, my setup is very similar, got Renko on one monitor, and other splitted in 3 windows with M30/H4/D1 for same pair, nice system you got here, subscribed
Welcome. Glad to have you on board mokuro89.
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  • #45
  • Nov 17, 2016 4:10am Nov 17, 2016 4:10am
Quoting wizlon32
{quote} Personally, I have no idea what you are talking about. What exactly are you trying to achieve?
I think he wants the current price added to the message. But that happens already . Look to an example :
As you can see, the Bid price is shown in this case. With a Buy Cross Alert, you get the Ask price shown.

Sell Cross ALert
--------------------
Symbol : EURJPY
Period : M5
Slow MA : 7 SMA 0-
Fast MA : 1 SMA 0
Bid Price : 117.175
Time and Date : 15:20:00 2016.11.16
Broker : Rexio (London) Ltd.
Account # : 1234567
  • #46
  • Nov 17, 2016 4:30am Nov 17, 2016 4:30am
Quoting rexio
{quote} I think he wants the current price added to the message. But that happens already . Look to an example : As you can see, the Bid price is shown in this case. With a Buy Cross Alert, you get the Ask price shown. Sell Cross ALert -------------------- Symbol : EURJPY Period : M5 Slow MA : 7 SMA 0- Fast MA : 1 SMA 0 Bid Price : 117.175 Time and Date : 15:20:00 2016.11.16 Broker : Rexio (London) Ltd. Account # : 1234567

I see. I take it that is the email notification format? I use push notifications which appear as a notification on my phone and in my android MT4. This also includes the price.
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  • #47
  • Edited 7:07am Nov 17, 2016 6:44am | Edited 7:07am
AUDJPY H4. Possible Opportunity. Only opened the chart after checking my RSI Dashboard.

Although the Daily chart looks a bit stretched so it may need a larger pullback. Sorry,was looking at wrong daily chart due to a technical error.

However i just wanted to showitas an example of the RSI Dash.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 61 KB
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  • #48
  • Nov 17, 2016 8:40am Nov 17, 2016 8:40am
Quoting krismitt
Excellent Thread. Been watching and trying to get my head around the Trade Management Architecture (Entries, Stops and Profits). Finding that I am missing several good Entries by missing the RSI Crosses. Would be great to have an Indicator providing an alarm whenever these crosses occur:- RSI3 crossing RSI14; and RSI3 breaking out of overbought/oversold zones. I like the H1 setups; and perhaps will take a look at H4 setups later-on. Here is a beautiful EURGBP Setup that I just missed. There were two opportunities and I missed them both ...
Looking at your chart at ( Post #23) the "first opportunity", if you were at your screen and saw it, could you have concluded that maybe because the pink line in the RSI window was flat that you would pass on it. Now, the 2nd opportunity looks the same except that now that same pink line is starting to fall, and then so does the price, making for a cleaner trade. The same approach could be used for longs; looking for the pink line to be moving up as further confirmation. I guess I would have to see more examples.
  • #49
  • Nov 17, 2016 9:16am Nov 17, 2016 9:16am
Quoting lctrader11
{quote} Looking at your chart at ( Post #23) the "first opportunity", if you were at your screen and saw it, could you have concluded that maybe because the pink line in the RSI window was flat that you would pass on it. Now, the 2nd opportunity looks the same except that now that same pink line is starting to fall, and then so does the price, making for a cleaner trade. The same approach could be used for longs; looking for the pink line to be moving up as further confirmation. I guess I would have to see more examples.
Ictrader11,
Welcome. I refer you to post 17 where I explain the use of the pink RSI line. it does not matter if it is flat. it is actually a smoothed moving average so it can be flatish much of the time.what matters is whether it is above Or below the 50 level.
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  • #50
  • Edited 11:53am Nov 17, 2016 11:26am | Edited 11:53am
Quoting wizlon32
AUDJPY H4. Possible Opportunity. Only opened the chart after checking my RSI Dashboard. Although the Daily chart looks a bit stretched so it may need a larger pullback. Sorry,was looking at wrong daily chart due to a technical error. However i just wanted to showitas an example of the RSI Dash. {image}
I took the AUDJPY trade when I posted it earlier. Not much movement so far but it's in profit. I am going to hold on to the trade for now but I don't know what will happen from here so I have moved my SL to prevent it from becoming a loser.

Edit: SL hit.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
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  • #51
  • Nov 17, 2016 12:46pm Nov 17, 2016 12:46pm
GU -Quick Renko Scalp.

Reason for trade
1. HTF MAs bearish.
2. Bullish pullback towards HTF MAs with 3 RSI reaching very OB levels (over 90).
3. 14 RSI below 50 level.
4. 3 drops from OB levels and crosses below 50 line.
5. Red volume candle adds confluence.

I closed the trade right after I took the screenshot and banked a few more green pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
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  • #52
  • Nov 17, 2016 12:51pm Nov 17, 2016 12:51pm
While studying your strategy, I saw you posted this trade. I felt comfortable enough to understand it and agreed with you, so I entered from the perspective of a 4H chart (can't watch constantly due to work/job). Coming back to the chart, I see your post and my profit margin. I just moved my SL for a guaranteed 12 PIP win and I'm watching as well to see how much I can get out of it. I've now moved to watch from the 15M chart. Thx for this simple approach!
  • #53
  • Nov 17, 2016 12:51pm Nov 17, 2016 12:51pm
667.1% return so far this week using this system.
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  • #54
  • Nov 17, 2016 12:58pm Nov 17, 2016 12:58pm
Need to concentrate on my job...lunch is over...closed out of AUDJPY short with +25 PIP.
  • #55
  • Nov 17, 2016 1:10pm Nov 17, 2016 1:10pm
Boring, another thread for grab forexfactory.com bandwidth, why don't spend you time to trade REALLY?!
  • #56
  • Nov 17, 2016 1:16pm Nov 17, 2016 1:16pm
Quoting MarkoTrd
Boring, another thread for grab forexfactory.com bandwidth, why don't spend you time to trade REALLY?!
Why dont You spend your time on charts instead of polluting this thread? If you dont have anything usefull to contribute better not to post
  • #57
  • Nov 17, 2016 1:28pm Nov 17, 2016 1:28pm
Quoting wizlon32
667.1% return so far this week using this system.

E/U
A/U

Today, was rocking, buckets of pips.

Thanks, for this method I've used pullback methods before, but for some reason this makes sense to me, and works for me.
  • #58
  • Nov 17, 2016 2:25pm Nov 17, 2016 2:25pm
Quoting mokuro89
{quote} Why dont You spend your time on charts instead of polluting this thread? If you dont have anything usefull to contribute better not to post
Thanks for your response to that idiot. He is now banned from this thread. The funny thing is that I checked his profile and his trade explorer is visible - he is not exactly what you would call a good trader. If he had just given some time to learn this method he may have learned something useful. His loss.
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  • #59
  • Nov 17, 2016 2:27pm Nov 17, 2016 2:27pm
Quoting jcat
{quote} E/U A/U Today, was rocking, buckets of pips. Thanks, for this method I've used pullback methods before, but for some reason this makes sense to me, and works for me.
Good stuff jcat. Really glad it's working for you. Please feel free to share some of your trades with an explanation.
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  • #60
  • Nov 17, 2016 3:42pm Nov 17, 2016 3:42pm
Quoting lctrader11
While studying your strategy, I saw you posted this trade. I felt comfortable enough to understand it and agreed with you, so I entered from the perspective of a 4H chart (can't watch constantly due to work/job). Coming back to the chart, I see your post and my profit margin. I just moved my SL for a guaranteed 12 PIP win and I'm watching as well to see how much I can get out of it. I've now moved to watch from the 15M chart. Thx for this simple approach!
Well done mate. Same goes to you and everyone -feel free to post some charts.
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