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Monthly Profit - Daily Trading using SMA

  • #8,621
  • Jun 20, 2017 8:52am Jun 20, 2017 8:52am
Quoting kski
{quote} Thank you Ana. Would you able to share the indicator for monthly - 5 diamond/rhombus? Or if that can be found in FF could you please provide the name? So decision based on weekly seems to be the key. As with NZDUSD, there is significant retracement till us open time, causing little panic. Staying calm in that case is an art! Do you wait for a week or more to close the trade? As always appreciate sharing your strategy and for your trades and charts! Green Pips
Hi

These are not free indicators. I just figured out how to used them effectively and efficiently.
Unfortunately, this week I'm kinda of busy. I will upload them (together with my guide)
next week, possibly before Wednesday.

Trading strategies are the same for both daily and weekly. For weekly time frame if a setup is spotted,
I would use H4 to initiate trade.

Screenshot showing GbpAud trade taken yesterday, now running with about 160pips.

Green pips
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 90 KB
  • #8,622
  • Jun 20, 2017 8:57am Jun 20, 2017 8:57am
Quoting RiskFighter
{quote} Thank you, I have been there and read each and every page. I just were left wondering why there is a daily thread and a 1H thread, when it to me seems it is exactly the same you are doing. I will then begin trading 1H too. Best RiskFighter
Hello
Did you look at the diffence of my two charts on H1 thread. which I wrote a while ago?
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,623
  • Jun 20, 2017 9:29am Jun 20, 2017 9:29am
Quoting Oddbjorg
{quote} Hello Did you look at the diffence of my two charts on H1 thread. which I wrote a while ago? Oddbj.
I only saw them now. I will answer in the 1H thread.
MetaTrader 4 - so many advantages.
  • #8,624
  • Jun 20, 2017 11:00am Jun 20, 2017 11:00am
Quoting yanah12
{quote} Hi These are not free indicators. I just figured out how to used them effectively and efficiently. Unfortunately, this week I'm kinda of busy. I will upload them (together with my guide) next week, possibly before Wednesday. Trading strategies are the same for both daily and weekly. For weekly time frame if a setup is spotted, I would use H4 to initiate trade. Screenshot showing GbpAud trade taken yesterday, now running with about 160pips. Green pips {image}
I took the trade as well, GA went threw a sideways redistribution and with yesterday's doom candle, aka shooting star was the signal for me.
Trade with confidence, trade without fear.
  • #8,625
  • Jun 20, 2017 11:05am Jun 20, 2017 11:05am
Quoting yanah12
{quote} Hi These are not free indicators. I just figured out how to used them effectively and efficiently. Unfortunately, this week I'm kinda of busy. I will upload them (together with my guide) next week, possibly before Wednesday. Trading strategies are the same for both daily and weekly. For weekly time frame if a setup is spotted, I would use H4 to initiate trade. Screenshot showing GbpAud trade taken yesterday, now running with about 160pips. Green pips {image}
your daily strategy is banging me lots of pips, can't wait for your weekly/H4 method and instructions... You are really a God sent Yanah.....Thumbs up
  • #8,626
  • Jun 20, 2017 2:18pm Jun 20, 2017 2:18pm
Well, I cannot spot any Bk8 D trades this evening.
MetaTrader 4 - so many advantages.
  • #8,627
  • Jun 20, 2017 2:27pm Jun 20, 2017 2:27pm
Quoting Doppiomalto
{quote} Today candle is very important for EURGBP. There is a trendlines crossing. But I think it will be short. Anyway, all the BK8 point are met Good Luck {image}
It did bounce up once more. But it should break down soon and then it will contain lots of pips. So it is surely worth keeping an eye of EURGBP.

RiskFighter
MetaTrader 4 - so many advantages.
  • #8,628
  • Jun 20, 2017 4:40pm Jun 20, 2017 4:40pm
EURGBP didnt work out well but then one of the rules I was thinking of adding to mine is using the break of the signal candle or slightly lower as the entry point for conservative entry and the close of the next candle as the aggressive entry.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP D1 (06-21-2017 0732).png Size: 112 KB
Winners add to winning trades!
  • #8,629
  • Jun 20, 2017 5:27pm Jun 20, 2017 5:27pm
Quoting marshalmax
EURGBP didnt work out well but then one of the rules I was thinking of adding to mine is using the break of the signal candle or slightly lower as the entry point for conservative entry and the close of the next candle as the aggressive entry. {image}
It may still be in play. There's a common pattern that occurs such as BB M and W formations and or H&S.

Price will try to test previous high, if not then possible reversal in play. See example.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.png Size: 148 KB
Trade with confidence, trade without fear.
  • #8,630
  • Jun 20, 2017 5:50pm Jun 20, 2017 5:50pm
Quoting marshalmax
EURGBP didnt work out well but then one of the rules I was thinking of adding to mine is using the break of the signal candle or slightly lower as the entry point for conservative entry and the close of the next candle as the aggressive entry. {image}
Also it is touching an important Fibonacci level - 61.8. It is third time it is testing that, didn't break it the other times and hence it is a very hard resistance. So my guess is, that it will go short very soon and there will be lots of pips in it.
MetaTrader 4 - so many advantages.
  • #8,631
  • Jun 21, 2017 5:03am Jun 21, 2017 5:03am
Is CADJPY a valid short setup?

Thank you & Green Pips!
  • #8,632
  • Jun 21, 2017 8:40am Jun 21, 2017 8:40am
Quoting kski
Is CADJPY a valid short setup? Thank you & Green Pips!
IMO i would want to see the current daily candle close further under the daily 5 SMA.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.png Size: 123 KB


CJ can be a tricky pair as its tied to yen carry w/gold and with oil as well.
Trade with confidence, trade without fear.
  • #8,633
  • Jun 21, 2017 8:52am Jun 21, 2017 8:52am
Quoting Cryptosurf
{quote} IMO i would want to see the current daily candle close further under the daily 5 SMA. {image} CJ can be a tricky pair as its tied to yen carry w/gold and with oil as well.
Thank you Cryptosurf
  • #8,634
  • Jun 21, 2017 8:54am Jun 21, 2017 8:54am
Quoting kski
Is CADJPY a valid short setup? Thank you & Green Pips!
Hi

There's no candle formation or other trade setup.

Lookout for UsdCad and EurAud pairs. There might be something tomorrow.

Green pips
  • #8,635
  • Jun 21, 2017 9:01am Jun 21, 2017 9:01am
Quoting yanah12
{quote} Hi There's no candle formation or other trade setup. Lookout for UsdCad and EurAud pairs. There might be something tomorrow.
Green pips
Agreed, UC looked good, took the trade on yesterday's close.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 132 KB
Trade with confidence, trade without fear.
  • #8,636
  • Jun 21, 2017 10:03am Jun 21, 2017 10:03am
Quoting yanah12
{quote} Hi There's no candle formation or other trade setup. Lookout for UsdCad and EurAud pairs. There might be something tomorrow. Green pips
Hi Yanah,

for CADYEN, it looks like a railway track at the top of bollinger band, with AC red and Stoch cross at overbought region. Price also bounced of the 365 MA.
Is this not considered a good setup?
  • #8,637
  • Jun 21, 2017 10:06am Jun 21, 2017 10:06am
Quoting Cryptosurf
{quote} Agreed, UC looked good, took the trade on yesterday's close. {image}
Congrats. Same here, running with green pips now.
  • #8,638
  • Jun 21, 2017 10:14am Jun 21, 2017 10:14am
Quoting eguitarist
{quote} Hi Yanah, for CADYEN, it looks like a railway track at the top of bollinger band, with AC red and Stoch cross at overbought region. Price also bounced of the 365 MA. Is this not considered a good setup?
My bias for CadJpy is uptrend (weekly). So, I would wait for a more clearer signal to sell.
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 81 KB
  • #8,639
  • Jun 21, 2017 10:19am Jun 21, 2017 10:19am
Interesting Gold setup. Waiting patiently.
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 85 KB
  • #8,640
  • Jun 21, 2017 10:31am Jun 21, 2017 10:31am
I just shorted audusd
MetaTrader 4 - so many advantages.
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