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Attachments: Daylight Trading Strategy
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Daylight Trading Strategy

  • #501
  • Jun 21, 2021 8:15am Jun 21, 2021 8:15am
Quoting Mr.B0tfx
{quote} Is it possible get a copy? Thanks a lot in advance.
Please read the thread, starting with the first post. All instructions are in there.
  • #502
  • Jun 21, 2021 8:34am Jun 21, 2021 8:34am
GBswiss H1 trade today. My trail stop break even EA might need tweaking as it kicked me out too soon. I had to rush out and do a job. Come back to +13pips.
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  • #503
  • Jun 21, 2021 8:36am Jun 21, 2021 8:36am
+51 Nasdaq short. 5m aggressive mode.

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  • #504
  • Jun 21, 2021 9:16am Jun 21, 2021 9:16am
Quoting LauraT
+51 Nasdaq short. 5m aggressive mode. {image}
Is the 100 smooth MA the reason you did not enter earlier?

Thank you very much for everything, LauraT
  • #505
  • Jun 21, 2021 9:21am Jun 21, 2021 9:21am
Quoting MidnightRun
{quote} Is the 100 smooth MA the reason you did not enter earlier? Thank you very much for everything, LauraT
Yes, that's right.
  • #506
  • Jun 21, 2021 9:29am Jun 21, 2021 9:29am
Quoting LauraT
{quote} Please read the thread, starting with the first post. All instructions are in there.
Thanks I found it.
Bot = No emotion
  • #507
  • Jun 21, 2021 9:48am Jun 21, 2021 9:48am
Quoting Barraka
Dax long, 15pts scalp. I was watching M1 because I noticed a consolidation forming. There were quite a few signals previously (on that TF), but the bias was long as they all took place above the -50 level. The signal just at my entry was the breakout. {image}
Hi,

Could you please explain why you did not take previous signals which turned out to be false later?

Thanks.
  • #508
  • Jun 21, 2021 9:56am Jun 21, 2021 9:56am
XAUUSD - Retracements
7 other major pairs have significant moves,but I slept away,gold was on its own

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  • #509
  • Jun 21, 2021 10:00am Jun 21, 2021 10:00am
Quoting Ehsaan1999
{quote} Hi, Could you please explain why you did not take previous signals which turned out to be false later? Thanks.
As I said in the post, I had identified the previous area as a consolidation, so the last signal corresponded to the breakout, which was the signal I took. So I was trading a breakout setup.

I was not looking at this chart previously, but there were a few signals. With the filter of only taking trades in line with the -50 level, you could have taken any of the long signals, they would all have worked out.

If you were not using the -50 level as a filter, you could have taken the first short, and stuck to it until the breakout, and then taken a loss.
  • #510
  • Jun 21, 2021 2:15pm Jun 21, 2021 2:15pm
Quoting PetroPol
I've added a Currency strenght indicator, which I think it can help to avoid false trades. I'm opening a trade just when the difference betwen the currencies are 3.0 or more. I'll let you know if that's useful in at least two weeks. {image}
Have you tried the FREE graph at FINVIZ?

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It takes a lot for me to IGNORE you, but you can try.
  • #511
  • Jun 21, 2021 2:25pm Jun 21, 2021 2:25pm
Had to settle for +32 on Dow short. Profit at peak was double that, but it's the price I pay to try to stay in a trade.

Attached Image (click to enlarge)
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  • #512
  • Jun 21, 2021 4:26pm Jun 21, 2021 4:26pm
Quoting LauraT
Had to settle for +32 on Dow short. Profit at peak was double that, but it's the price I pay to try to stay in a trade. {image}
Hi Laura. May I ask what your exit rationale was. Did you exit because price was breaking the lower channel? Or just time to clock off for the day Price was also around previous day's high - was that a factor also?
  • #513
  • Jun 21, 2021 4:27pm Jun 21, 2021 4:27pm
Quoting Laudable222
{quote} Does that currency dashboard up there on your chart switch you to the currency you click on, but still maintaining the setup on your chart. Like for example, you have this daylight setup, when you click on another currency, does it still maintain the daylight setup but for the new currency? If yes, kindly share.
Answers to your questions, yes, yes & yes.
Attached File(s)
File Type: ex4 Symbol_Changer_PLUS.ex4   184 KB | 481 downloads
Enjoy.
From tiny pips mighty oaks grow
  • #514
  • Jun 21, 2021 4:29pm Jun 21, 2021 4:29pm
Quoting Zimbinga
{quote} Hi Laura. May I ask what your exit rationale was. Did you exit because price was breaking the lower channel? Or just time to clock off for the day Price was also around previous day's high - was that a factor also?
clue is probably in the lower window imho
every Saint has a past. Every Sinner has a Future
  • #515
  • Jun 21, 2021 4:39pm Jun 21, 2021 4:39pm
Quoting turnip15
{quote} clue is probably in the lower window imho
Perhaps you could elaborate - the red line is still above 50 and the lines have not even crossed. Thanks
  • #516
  • Jun 21, 2021 8:13pm Jun 21, 2021 8:13pm
Traded with the classic version.

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  • #517
  • Jun 21, 2021 8:57pm Jun 21, 2021 8:57pm
Closed with 4 pips profit. Slow session and sleep time.
  • #518
  • Edited 9:50pm Jun 21, 2021 9:38pm | Edited 9:50pm
I've tried this daylight strategy. Thanks for sharing, Laura.
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  • #519
  • Edited 11:03pm Jun 21, 2021 10:30pm | Edited 11:03pm
Another setup. Daylight original version. Thanks, Laura.
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  • #520
  • Jun 22, 2021 3:06am Jun 22, 2021 3:06am
hey guys, what's you take on Stop Loss? is it what you're comfortable on risking or is there an added strategy towards Stop Loss, thanks in advance
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