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Attachments: The daily strategy - the different point of view
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The daily strategy - the different point of view

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  • Post #1
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  • First Post: Jul 24, 2017 10:17pm Jul 24, 2017 10:17pm
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
I'm sharing a strategy that has worked for me for a long while I will be answering questions and opened to suggestions to make it a better strategy.
For those who are serious and opimistic
Starting July 25th so subscribe to stay updated
THANKS.
  • Post #2
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  • Jul 24, 2017 11:45pm Jul 24, 2017 11:45pm
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
Subscribe to this thread to stay updated for tomorrow.
 
 
  • Post #3
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  • Jul 24, 2017 11:56pm Jul 24, 2017 11:56pm
  •  tmchrist
  • | Joined Sep 2016 | Status: Member | 14 Posts
All ears. I always like hearing new points of views
 
 
  • Post #4
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  • Jul 25, 2017 1:24am Jul 25, 2017 1:24am
  •  jegas
  • Joined Oct 2011 | Status: Forex is an Unpredicatable Game.... | 1,272 Posts
Quoting ewebb205
Disliked
I'm sharing a strategy that has worked for me for a long while I will be answering questions and opened to suggestions to make it a better strategy. For those who are serious and opimistic Starting July 25th so subscribe to stay updated THANKS.
Ignored

Welcome to FX world, Different point of view,Sounds Good !
 
 
  • Post #5
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  • Jul 25, 2017 1:49am Jul 25, 2017 1:49am
  •  opal727
  • | Joined Mar 2010 | Status: Member | 9 Posts
Subscribed and waiting for the updates! ))
Good luck!
 
 
  • Post #6
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  • Jul 25, 2017 7:01am Jul 25, 2017 7:01am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
I maybe shooting myself in the foot but ok.
First and foremost guys I trade the daily but I collect profits everyday in a scalping way four days a week Monday thru through.
It's an EOD system.
 
 
  • Post #7
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  • Jul 25, 2017 7:04am Jul 25, 2017 7:04am
  •  flyingmac
  • | Joined May 2016 | Status: Member | 40 Posts
Letīs have it.
Good luck!
 
 
  • Post #8
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  • Jul 25, 2017 7:17am Jul 25, 2017 7:17am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
End of day strategies are the best in my opinion because it takes the everyday bad habits from traders. The over trading, the too small time frames that's random movement, trading too violent news events, etc.
Things that losing traders are caught in.
Everyday at the end of the day the market is better evaluated from a daily stand point rather the 15, 1h, 4h,
Because all 3 sessions as a whole sums up the story on a technical fundament sentimental and pychological views.
Before we get directly to my strategy let me cover all of these factors throughout the day in these next few post.
For a better understanding of the EOD forex strategy do your research before we go forward
 
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  • Post #9
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  • Jul 25, 2017 7:22am Jul 25, 2017 7:22am
  •  Madinvestor
  • | Joined Jun 2017 | Status: Starting small and growing. Join me | 299 Posts
Quoting ewebb205
Disliked
End of day strategies are the best in my opinion because it takes the everyday bad habits from traders.
Ignored
I agree. I found that trading on higher time frames makes it much harder to over trade, simply because the opportunities are far less than lower time frames. I've always lost money when trying to trade on lower time frames.
 
 
  • Post #10
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  • Jul 25, 2017 7:25am Jul 25, 2017 7:25am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
Ever so often I will make a post that says "questions"
That will be your opportunity to ask anything and everything based off of what you read.
Thanks
 
 
  • Post #11
  • Quote
  • Jul 25, 2017 7:42am Jul 25, 2017 7:42am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
Technical: from a EOD stand point plain and simple will be price action. Candlesticks, reversal patterns, continuation patterns, s/r and etc will give you a daily evaluation for the next day or couple days
 
 
  • Post #12
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  • Jul 25, 2017 7:46am Jul 25, 2017 7:46am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
fundamental : the news on a daily analysis the news whether on the calendar or unexpected headlines can show the direction for the near term as well.
 
 
  • Post #13
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  • Jul 25, 2017 7:56am Jul 25, 2017 7:56am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
sentimental based on the two factors just mentioned technical and fundamental is where the sentiment comes in. What people are actually doing. Sometimes you can see what direction people are leaning on. Like strong engulfing patterns or strong nfp results. In the intraday it's harder to see because traders are too zoomed in on the picture (charts). Nfp is really violent in both directions on the chart. But on the daily nfp can be a pinbar or a set of legs or a engulfing patterns. So that's where sentiment comes in and why it's Important.
 
 
  • Post #14
  • Quote
  • Jul 25, 2017 8:17am Jul 25, 2017 8:17am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
pychological from an EOD perspective to me is price behavior. When price keeps visiting a certain level but keeps failing to push through for weeks months or years. Traders can't see that from intraday charts. This is also when banks run stops, price acts crazy at whole numbers, prices wants to stand still for long periods of time, fake pivot points, fake breakouts, etc all the tricks of the trade.
The daily shows a more reliable function rather than smaller tf. Stay posted for the next chapter.
 
 
  • Post #15
  • Quote
  • Jul 25, 2017 8:18am Jul 25, 2017 8:18am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
QUESTIONS
 
 
  • Post #16
  • Quote
  • Jul 25, 2017 8:29am Jul 25, 2017 8:29am
  •  tmchrist
  • | Joined Sep 2016 | Status: Member | 14 Posts
Any particular pair you trade? Or perhaps pairs to avoid? Some example with charts marked up would be great to.
 
 
  • Post #17
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  • Jul 25, 2017 8:36am Jul 25, 2017 8:36am
  •  dragonexpert
  • | Membership Revoked | Joined Feb 2016 | 590 Posts
Subscribed, is it breakout strategy?
Risk comes from not knowing what you're doing.
 
 
  • Post #18
  • Quote
  • Jul 25, 2017 9:01am Jul 25, 2017 9:01am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
I myself have a day job so work with me.
Also I'm trying to be thorough with this thread so I'm gathering thoughts as I go along.
Thank you.
 
 
  • Post #19
  • Quote
  • Jul 25, 2017 9:32am Jul 25, 2017 9:32am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
I trade the daily. The open price is important. Now all of you go to the daily on any pair and count the number of days the market goes three pips from the open in both directions. Open/high. open/low. At least three pips in both directions from the open for as long back as possible and please respond with your findings.
 
 
  • Post #20
  • Quote
  • Jul 25, 2017 9:36am Jul 25, 2017 9:36am
  •  ewebb205
  • | Joined Jul 2017 | Status: Member | 307 Posts
This is where it gets interesting and where my strategy comes in to place with more logic and methods.
 
 
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