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Monthly Profit - Daily Trading using SMA

  • #8,201
  • Apr 26, 2017 8:36am Apr 26, 2017 8:36am
Quoting yanah12
This H4 tf for NZDUSD {image}
My profits today.

Green pips to all.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-d1-trading-point-of.png Size: 151 KB
  • #8,202
  • Apr 26, 2017 8:53am Apr 26, 2017 8:53am
Quoting yanah12
{quote} Hi kski Here you go. I use Risk setting 3 for Daily tf and 4 for H4. You can play around with the setting. Wait till candle is closed before taking any trade. All the best {file} {file} {image}
Hi, Yanah, does this indi repaint?
it draws the arrow when the bar finishes - am i right?
Thanks.
  • #8,203
  • Apr 26, 2017 9:10am Apr 26, 2017 9:10am
Quoting cjtylor
{quote} Hi, Yanah, does this indi repaint? it draws the arrow when the bar finishes - am i right? Thanks.
I do not take trade while the candle is "in-progress". Once candle has been closed and the arrow is confirmed,
setup is good then I proceed with the trade. Avoid ranging markets.

Please do demo or back-testing to have a better understanding.
  • #8,204
  • Apr 26, 2017 4:19pm Apr 26, 2017 4:19pm
Quoting yanah12
{quote} Hi kski Here you go. I use Risk setting 3 for Daily tf and 4 for H4. You can play around with the setting. Wait till candle is closed before taking any trade. All the best {file} {file} {image}
Thank you Ana!
  • #8,205
  • Apr 26, 2017 4:39pm Apr 26, 2017 4:39pm
Quoting Ryman
There we go stop taken out. Sorry. Never look short when daily price is above 200SMA.
sorry, but I cant agree with you in this particular case.
apart from looking at the 200SMA, you`ll also have to look at the price structure.
the last down swing in GBP/AUD on the weekly chart was 1.7203-1.5901 so my short trade @ 1.6896 was well within this swing.

however you`re right not to short if price would rise above the last swing high of 1.7203 and stay there AND is above the 200SMA.
it just broke above 1.7203 and it will be interesting to see if price can maintain momentum or that it will slip back into the last swing.
  • #8,206
  • Apr 26, 2017 4:48pm Apr 26, 2017 4:48pm
[quote=Oddbjorg;Nice to have you back.[/quote]

thank you for your kindness.
  • #8,207
  • Apr 26, 2017 7:08pm Apr 26, 2017 7:08pm
Quoting yanah12
{quote} My profits today. Green pips to all. {image}

Hi Yanah12, can you share the green line indicator? it's look great. thanks.

ANdre
  • #8,208
  • Apr 26, 2017 7:47pm Apr 26, 2017 7:47pm
Quoting andreedbert
{quote} Hi Yanah12, can you share the green line indicator? it's look great. thanks. ANdre
The green line is the weekly pivot.
  • #8,209
  • Apr 27, 2017 9:21am Apr 27, 2017 9:21am
Quoting andreedbert
{quote} Hi Yanah12, can you share the green line indicator? it's look great. thanks. ANdre
Here's the weekly pivot indicator.
Attached File(s)
File Type: ex4 Pivots_Weekly.ex4   8 KB | 550 downloads
  • #8,210
  • Apr 27, 2017 4:54pm Apr 27, 2017 4:54pm
No trade for me.
All the best to all of you. But don't follow me. I am a learner.
  • #8,211
  • Edited Apr 28, 2017 3:54am Apr 27, 2017 5:01pm | Edited Apr 28, 2017 3:54am
tossing up between E/CH and E/G.
E/G is stronger: sell E/G - sold @ 0.8425
I know the 5SMA is not pointing down, but there was a huge gap in the price up and the moving average hasn`t caught up yet.

just closed out E/G for a small profit, because of unfavourable news.
  • #8,212
  • Apr 27, 2017 10:59pm Apr 27, 2017 10:59pm
USDZAR
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0032.PNG Size: 260 KB
I used to be indecisive but now I'm not so sure...
  • #8,213
  • Apr 27, 2017 11:12pm Apr 27, 2017 11:12pm
Quoting Filipo1
USDZAR {image}
In this case I place my S/L just below April 26 big candle close.
I used to be indecisive but now I'm not so sure...
  • #8,214
  • Apr 28, 2017 3:15pm Apr 28, 2017 3:15pm
hey guys is there a way to predict sideway/ranging markets?
to avoid unnecessary losses? thanks

great thread, thanks bk8,
  • #8,215
  • Apr 28, 2017 3:18pm Apr 28, 2017 3:18pm
Quoting falisco
hey guys is there a way to predict sideway/ranging markets? to avoid unnecessary losses? thanks great thread, thanks bk8,

I been testing a combination of these technique and the hourly method BK8 posted as well for that exact reason. To see if it can work with sideways price actions. So far has been looking like a lot of scalping
  • #8,216
  • Apr 28, 2017 3:24pm Apr 28, 2017 3:24pm
Quoting yanah12
{quote} My profits today. Green pips to all. {image}
20 lots -are you serious?
  • #8,217
  • Apr 28, 2017 4:26pm Apr 28, 2017 4:26pm
Quoting ChicagoRob
{quote} 20 lots -are you serious?
Must Be something to do with it being a micro account? The profit would have been huge on the USDJPY if he got 20 pips on a 20 lot trade
So many in the Commercial section want to make me rich! :o
  • #8,218
  • Apr 28, 2017 6:54pm Apr 28, 2017 6:54pm
Quoting ChicagoRob
{quote} 20 lots -are you serious?
It's micro account
  • #8,219
  • Apr 28, 2017 6:56pm Apr 28, 2017 6:56pm
Quoting yanah12
{quote} It's micro account
Trades closed with 300+ profits this week.
  • #8,220
  • Apr 29, 2017 12:24am Apr 29, 2017 12:24am
Hi

I took 2 NzdUsd trades this week and closed for 200+ pips. The first one was taken
on 25-Apr off H4 tf and the second one taken off Daily tf on 26-Apr.

The monthly pivot line acted as a strong resistance. Price went below 5 SMA. Trade
opportunities arose.

Hope above briefly explains the trading decision.

Have a great weekend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd-d1-trading-point-of-2.png Size: 89 KB
Click to Enlarge Name: nzdusd-h4-trading-point-of-2.png Size: 86 KB
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