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Monthly Profit - Daily Trading using SMA

  • #8,381
  • Edited 3:51pm Jun 1, 2017 6:18am | Edited 3:51pm
Quoting kski
{quote} Hi jmtini, Do you follow the same D1 rules for H4? I am asking because in D1 - it doesn't seem to have much room till lower BB, however, in H4 it bounced off of Top BB.. TIA
Same rules for sure. You talking about GU? Yes I think once a candle closes below the 20 sma and 200 ema (line line on my chart) which are quite conveniently close together (so they will make strong resistance) we're all set to go!
  • #8,382
  • Jun 1, 2017 3:29pm Jun 1, 2017 3:29pm
Hello
AU from yesterday - let that go on.
EN from yesterday, but it has not yet - made the - Take of.
We will see. All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #8,383
  • Jun 1, 2017 3:58pm Jun 1, 2017 3:58pm
Quoting Oddbjorg
Hello AU from yesterday - let that go on. EN from yesterday, but it has not yet - made the - Take of. We will see. All the best.
You short AU? From where? Yes, looks very bearish. In fact GA, EA all look good

Guys I've got two indi's which are quite useful for this strategy. One sends out alerts (push or email) when price action hits an sma or ema (like when it hits the 20 sma centre BB) and one that sends out alerts (push or email) when the ma's actually cross. If anyone wants one or both let me know and I'll post one or both on the thread.

Of course you need a VPS for them to work.
  • #8,384
  • Jun 1, 2017 4:59pm Jun 1, 2017 4:59pm
Thoughts?
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  • #8,385
  • Jun 1, 2017 5:02pm Jun 1, 2017 5:02pm
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  • #8,386
  • Jun 1, 2017 6:09pm Jun 1, 2017 6:09pm
Quoting RieseP
Thoughts? {image}
In My point of view, the trend are not established yet, very risky entry, but i took in the same way
Attached Image (click to enlarge)
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  • #8,387
  • Jun 1, 2017 7:01pm Jun 1, 2017 7:01pm
Quoting jmtini
{quote} You short AU? From where? Yes, looks very bearish. In fact GA, EA all look good Guys I've got two indi's which are quite useful for this strategy. One sends out alerts (push or email) when price action hits an sma or ema (like when it hits the 20 sma centre BB) and one that sends out alerts (push or email) when the ma's actually cross. If anyone wants one or both let me know and I'll post one or both on the thread. Of course you need a VPS for them to work.
Hello.
Maybe it will not go further than these 20 pips.
We will see.
Thank you
Oddbj.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,388
  • Jun 1, 2017 7:49pm Jun 1, 2017 7:49pm
Quoting VictorFaria
{quote} In My point of view, the trend are not established yet, very risky entry, but i took in the same way {image}

Very risky indeed. Why not GJ (see chart attached)? JPY very weak should continue into tomorrow. I think it's got far to travel
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 42 KB
  • #8,389
  • Jun 1, 2017 9:45pm Jun 1, 2017 9:45pm
Quoting jmtini
{quote} Very risky indeed. Why not GJ (see chart attached)? JPY very weak should continue into tomorrow. I think it's got far to travel {image}
GJ Today not for me, the SL would be really high, also this Trade has a high probability to touch on the Supply Level and bouce back without to reach my minimum R:R Ratio which is 1:1.

Of Course, this is my humble opinion.
  • #8,390
  • Jun 1, 2017 9:50pm Jun 1, 2017 9:50pm
Quoting jmtini
{quote} You short AU? From where? Yes, looks very bearish. In fact GA, EA all look good Guys I've got two indi's which are quite useful for this strategy. One sends out alerts (push or email) when price action hits an sma or ema (like when it hits the 20 sma centre BB) and one that sends out alerts (push or email) when the ma's actually cross. If anyone wants one or both let me know and I'll post one or both on the thread. Of course you need a VPS for them to work.
Yes , please share these indis of yours. It will be very helpfull for us who cannot spend full time at pc.

Green pips to all
  • #8,391
  • Jun 2, 2017 7:34am Jun 2, 2017 7:34am
Quoting VictorFaria
{quote} GJ Today not for me, the SL would be really high, also this Trade has a high probability to touch on the Supply Level and bouce back without to reach my minimum R:R Ratio which is 1:1. Of Course, this is my humble opinion.
Very good call, well done!

How did you work out the supply level on GJ? I'd be very interested to know.

Thanks!
  • #8,392
  • Jun 2, 2017 7:37am Jun 2, 2017 7:37am
Quoting Arabier
{quote} Yes , please share these indis of yours. It will be very helpfull for us who cannot spend full time at pc. Green pips to all

Oh well, at least I'm least I'm good at finding helpful indi's. Not so good at analysing the market!


Here we go: (if anyone needs help setting up your platform and smartphone to accept push notification just let me know).

I think the indi's are more useful if you're trading this system on the lower time frames which of course one can quite lucratively.
Attached File(s)
File Type: mq4 ma touch.mq4   9 KB | 390 downloads
File Type: mq4 MA_Cross_Alert_Once_a.mq4   9 KB | 363 downloads
  • #8,393
  • Jun 2, 2017 7:38am Jun 2, 2017 7:38am
Hi,
Looks like Bk8 has abandoned this thread, so I don't think he will mind, it may be ok to offer a minor suggestion that may help you with your entry/exits
The system is basically trading a reversal.....so why not use the hi of the last three candles for a long entry/short exit, and the lo of the last three candles for a short entry/long exit
On my checking (not extensive), checkout yourself before using, this gives you an early entry/exit - you do not have to wait for the candle close (which invariably crosses the 5ema
Nice simple system - easy to implement
Good trading
PS This works really well when price is rolling over.
  • #8,394
  • Jun 2, 2017 8:21am Jun 2, 2017 8:21am
Quoting jmtini
{quote} Very good call, well done! How did you work out the supply level on GJ? I'd be very interested to know. Thanks!
Thank you!
Well, Look at the Picture, you will see highlighted green the Supply Level.
It's very interesting to apply the SMA System together with Supply and Demand, help us to indentify the Trend continuation or even their direction.
Attached Image (click to enlarge)
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  • #8,395
  • Jun 2, 2017 4:17pm Jun 2, 2017 4:17pm
Quoting Filipo1
GBPCHF. Continuation signal on yesterday's candle, will the support line hold? {image} {image}
I hope some could earn some good pips with this one.
Attached Image (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #8,396
  • Jun 4, 2017 3:53am Jun 4, 2017 3:53am
GBPNZD another continuation setup:
Attached Image (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #8,397
  • Jun 4, 2017 10:33am Jun 4, 2017 10:33am
Quoting ranger_lp
{quote} Hi Hercs....I'll take a look at that...but what I do is create a chart with a blank template and put the indicator on there. Edit: here's a version with corner (0-3). Did this in a hurry....I think it works ok.... {file}
Hello ranger_lp, many thanks for the indicator. D0 is current day or yesterday? Thank you for your answer!
  • #8,398
  • Edited 11:16am Jun 4, 2017 11:05am | Edited 11:16am
Quoting Filipo1
GBPNZD another continuation setup: {image}
Yes looks like GBP in full retreat against a few currencies - at least AUD, JPY and NZD

However it's difficult to enter a trade on the daily chart don't you think? So I'm posting a 5 min chart which highlights the cross to look for. Just using GJ for illustration purposes but can be followed on any pair of course. One can simply set up the indi to alert when the cross occurs using these higher value ema's. Trade manually or by means of EA
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 44 KB
  • #8,399
  • Jun 4, 2017 4:45pm Jun 4, 2017 4:45pm
Usd/Cad?
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  • #8,400
  • Jun 4, 2017 5:16pm Jun 4, 2017 5:16pm
Quoting RieseP
Usd/Cad? {image}
I was on usdcad until the price touched the BB middle line. I don't prefer to hold positions at the markets closure.

Tonight I don't know. USD seems so weak... I'll wait tomorrow, maybe it's just a continuation setup...
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