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Daily Journals & Ideas on traded currencies 37 replies

Daily Trading Ideas EUR/USD, GBP/USD, Gold, Nasdaq, Dow 4 replies

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Attachments: Daily Trading Ideas
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Daily Trading Ideas

NY open on GU, they pump dollar, watch it go FULLPOWER! lol, don't listen to me, lots of coffee in me atm.

ADR around 120'ish pips, might give a couple more pips downside then retrace. Or do nothing NY session... no big moves lately for this pair during NY.
Quoting LeongPuiy
{quote} Stop in safe place now if hit, I wait NY
gold shaking first
just for a cup of coffee...
1553/55..
let see
just for a cup of coffee...
Quoting coonah
{quote} Wife no problem.... THEM KIDS... oooh they can mess your trade..
Im gonna wait a little bit longer for the kids then, thanks for the warning

Quoting akim0895
{quote} we need a war room.. that more privacy..
Always good ideas to solve problems, McGyver of trading
Hi Akim, Can i ask you about yesterday asia morning session when you seen crazy move from gold i seen your try to scalp short quick and run
can i ask you in that moment you have to set stop loss or not and how many pips you set SL in that time because price run very quick can you tell me that moment??

thank you
and as always sorry for my bad english haha
Hi Akim
hope you don't mind the following, it's my take on your Method and I thought it might help some new traders... maybe
let me know if i got anything wrong

For anyone new to the thread trying to learn Akim's Method i highly recommend learning Candle shapes and Patterns, they are really important in this trading Method, you can't just rely on the BB and MA's.
Akim talks all the time about set ups forming.... candle formations/Patterns for Long or Short, it really pays to learn about these...there are many! GOOGLE them
if you can identify these when they are forming at BB's then you will be able to make trade decisions.
like Akim says, i always trade in the direction of higher TF's...look for trade set ups on smaller TF's for entry in the same direction
when you become competent at this then you can also take scalps against the trend....when they appear as pull backs...hit and run for quick profit before the trend resumes

I always look for a set up around market opens, mostly London and NY for Daily trading
Today was a perfect example of a Short trade on the M15 chart for GBP
the set up was before Frankfurt open, but there was two other opportunities to enter before London opened
i entered the trade at number 3 candle marked on the chart as it retested the high before dropping and closing bearish.
i took this trade because the larger TF's were bearish, my SL was about 20 pips above number 1 candle
the second trade i did not enter, i make mistakes too and thought price was coming back to hit my SL which i had moved to BE after 20 pips
i had confidence to enter the 3rd trade as it set up the same as the second trade I marked all possible trade entries to show what can be done with this method
These type of Daily trades i TP when ADR is close or i move my SL as price moves etc, bigger TF trades i leave to run

I marked M1 charts to show set ups...they are the same on any other TF

I have marked a M1 chart to show the 2nd and 3rd trade entries
i use the M5 and M1 charts (day trade only) after i have entered my first trade...usually on the M15 set up
without using the M5 and M1 for add on trades i would never spot them just using the M15 chart...helps to show me the pull backs etc

I'm not saying this is what everyone should do, but it works well for me
nothing wrong with just taking the first trade entry on M15

I welcome any feedback
Cheers All

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Quoting plugking
Hi Akim, Can i ask you about yesterday asia morning session when you seen crazy move from gold i seen your try to scalp short quick and run can i ask you in that moment you have to set stop loss or not and how many pips you set SL in that time because price run very quick can you tell me that moment?? thank you and as always sorry for my bad english haha
when we scalps at high volume or catch a flying knife
stop need wider mate..
50pips or more..
but first need pick or catch at right price
a price that can hold for a quick reverse
before price continue again..
not just jump in like that..
just for a cup of coffee...
I only scalp gold during eur-american session,after i close because any news of war and gold fly again in the night.I ignore 4h and daily only scalp h1
Quoting JFphuket
Hi Akim hope you don't mind the following, it's my take on your Method and I thought it might help some new traders... maybe let me know if i got anything wrong For anyone new to the thread trying to learn Akim's Method i highly recommend learning Candle shapes and Patterns, they are really important in this trading Method, you can't just rely on the BB and MA's. Akim talks all the time about set ups forming.... candle formations/Patterns for Long or Short, it really pays to learn about...
ola buddy
just for a cup of coffee...
Gold
M1 entry
was watching M15
dropped down to M1 and waited for set up... inside BB's this time, they don't always test the outer bands!
but still you can see the candle formation
low risk trade as mt SL was below the lows not far away


Attached Image (click to enlarge)
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Quoting montygoldy
Added few lots long from 1545... tp: 1552.... time to sleep... lets see if i wake up green or red.... ps.. pure gut feeling trades...
Tp hit
Extreme gut feeling trader
Road to Million All Time Return: -97.1%
Quoting JFphuket
Hi Akim hope you don't mind the following, it's my take on your Method and I thought it might help some new traders... maybe let me know if i got anything wrong For anyone new to the thread trying to learn Akim's Method i highly recommend learning Candle shapes and Patterns, they are really important in this trading Method, you can't just rely on the BB and MA's. Akim talks all the time about set ups forming.... candle formations/Patterns for Long or Short, it really pays to learn about...
nicely done mate! keep them coming!
did you manually input the session 'LO' 'Tokyo close' or did you use some sort of auto system?
Quoting Junnn
{quote} nicely done mate! keep them coming! did you manually input the session 'LO' 'Tokyo close' or did you use some sort of auto system?
I use this one

Attached File(s)
File Type: mq4 vertical_time_lines.mq4   7 KB | 144 downloads
Quoting JFphuket
{quote} I use this one {file}
Shorted gold 1554/1555 stop 1558.5
Training.
Shorting gold?
Quoting JFphuket
Hi Akim hope you don't mind the following, it's my take on your Method and I thought it might help some new traders... maybe let me know if i got anything wrong For anyone new to the thread trying to learn Akim's Method i highly recommend learning Candle shapes and Patterns, they are really important in this trading Method, you can't just rely on the BB and MA's. Akim talks all the time about set ups forming.... candle formations/Patterns for Long or Short, it really pays to learn about...
Great read. Thank you
don’t want to trades today..
this only an example..
before..
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just for a cup of coffee...
cash and collects all..
After..
Attached Image (click to enlarge)
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just for a cup of coffee...
Quoting akim0895
1553/55.. let see
identify which level
then wait for setup..
just for a cup of coffee...
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