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The daily strategy - the different point of view

  • #21
  • Jul 25, 2017 8:42am Jul 25, 2017 8:42am
Quoting dragonexpert
Subscribed, is it breakout strategy?
Not a breakout strategy
Well in a way yes but I don't know what to call it's more of a open high lo strategy
It will get interesting from here you'll see
  • #22
  • Jul 25, 2017 8:45am Jul 25, 2017 8:45am
Quoting tmchrist
Any particular pair you trade? Or perhaps pairs to avoid? Some example with charts marked up would be great to.
I try to stick with one pair for as long as the charts are predictable but all the use pairs and audjpy eurjpy gbpjpy eurgbp so it equals to ten pairs and I chose the most likely predictable between the ten. But you'll have to go further into the thread to understand the complete method
  • #23
  • Jul 25, 2017 8:46am Jul 25, 2017 8:46am
Quoting jegas
{quote} Welcome to FX world, Different point of view,Sounds Good !
Thank you jegas and don't forget to subscribe me or whatever.
  • #24
  • Jul 25, 2017 8:53am Jul 25, 2017 8:53am
Hey guys depending on the feedback and interest of everyone and everything this thread can possibly spin off into some other stuff like practical application as far as to do a demo but I prefer a live cheap account to actually watch the strategy perform so please subscribe and like and whatever as you want just so I can have a basic idea because let's face I'm introducing my personal well thought of mehod for free. And if anyone know of a thread similar please put it in que for a later time because I'm interested to know if someone is already doing this. But don't assume just yet that someone is because I still havent finished explaining my method and logic. I haven't seen anyone bring anything like this out. I came across one thread that someone was getting close but it became a dud. Thank you
  • #25
  • Jul 25, 2017 8:55am Jul 25, 2017 8:55am
Quoting Madinvestor
{quote} 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.
Thank you madinvestor. Someone who has experience and see the similar side of view
  • #26
  • Jul 25, 2017 8:57am Jul 25, 2017 8:57am
Quoting ewebb205
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.
Once again until I get some feedback. Or someone agrees.
  • #27
  • Jul 25, 2017 9:16am Jul 25, 2017 9:16am
Quoting ewebb205
{quote} Once again until I get some feedback. Or someone agrees.
As I can see from my charts it is true, at list 99% ....
  • #28
  • Jul 25, 2017 9:22am Jul 25, 2017 9:22am
Quoting opal727
{quote} As I can see from my charts it is true, at list 99% ....
Thank you and please subscribe
anybody else? Come on gents.
  • #29
  • Jul 25, 2017 9:32am Jul 25, 2017 9:32am
I will b getting back started I'm giving you guys a chance to test my logic.
  • #30
  • Jul 25, 2017 9:33am Jul 25, 2017 9:33am
Plus I'm at work too so.
  • #31
  • Jul 25, 2017 9:35am Jul 25, 2017 9:35am
Quoting ewebb205
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.
One more time.
  • #32
  • Jul 25, 2017 9:38am Jul 25, 2017 9:38am
Quoting VEEFX
{quote} Announcing myself here to keep you motivated and hopefully you will get to the point soon. Seems like a straddle/trapping of price at daily open i.e. open buy and sell orders with a small x pip TP and bigger or no SL ? Define "Daily Close" please. Spot FX never 'closes' on daily candle. Looks like you are referring to 5pm ET daily close. Unless you define this, other traders trying this out here will have different/inconsistent outcomes... just saying
On a daily stand point there's what you call a new York close. That's when the spreads widen the charts can freeze servers rest. Before the Asian session begins with is the start of a new day
  • #33
  • Jul 25, 2017 9:40am Jul 25, 2017 9:40am
Quoting VEEFX
{quote} Announcing myself here to keep you motivated and hopefully you will get to the point soon. Seems like a straddle/trapping of price at daily open i.e. open buy and sell orders with a small x pip TP and bigger or no SL ? Define "Daily Close" please. Spot FX never 'closes' on daily candle. Looks like you are referring to 5pm ET daily close. Unless you define this, other traders trying this out here will have different/inconsistent outcomes... just saying
Oh and quit announcing yourself nobody gives a fuck about you being here. There people here with true interest who wants to discuss this topic.
  • #34
  • Jul 25, 2017 9:42am Jul 25, 2017 9:42am
I've started a thread today. And already your jealous and probably mad about yesterday still. ....... Looks like I'm on to something. I can deal with the haters.
  • #35
  • Jul 25, 2017 9:56am Jul 25, 2017 9:56am
Ok so with that being said, now with the use of technical, fundamental, and sentimental, and pychological all wrapped in one, or none of it at all, whatever you choose. 3 pips is the daily goal. Proof is that either way the market moves 3 pips both directions.
  • #36
  • Jul 25, 2017 9:57am Jul 25, 2017 9:57am
Now the logic. And the the drawdowns
  • #37
  • Jul 25, 2017 10:05am Jul 25, 2017 10:05am
At the end of the day and thats 30 min before close right before spreads get too wide violatility is low in most cases. So when the nzdusd has a rate decision at 1600 that's when you stay away from that pair. Use extreme discretion. Look for a pair that meets certain criteria like off a reversal or continuation. I have a method that happens between the same setups or when a certain candlesticks come around and some may know what talking about but if you study the daily closely enough than you'll see the same thing happen everytime the same candles or set occur and that's the market begging you to take advantage of it. Everyday just 3 pips.
  • #38
  • Jul 25, 2017 10:11am Jul 25, 2017 10:11am
My broker does swaps at 16:00 CST which is the same time of the daily candle close for me. For my broker, due to the swaps, the spread get pretty big. Average is about 6 pips with the crosses getting up to 12pips. Therefore based to the spreads getting 3 pips movement occurs simply due to the spreads. Just purely looking at the candles I would agree with 99% of daily candles have wicks beyond 3pips. Mane seen on that had no wick every month for each pair, and that is a big maybe.
  • #39
  • Jul 25, 2017 10:16am Jul 25, 2017 10:16am
Quoting VEEFX
{quote} I thought you started this thread to tackle my challenge. Unsubscribed and getting the fuck out of here. Good Luck and Peace.
Hey smart guy if if pay attention and and understand what I'm doing than you'll see that I'm showing a strategy that the whole forexfactory could use to tackle your strategy, except you because your missing the point.No one is here for your dumbass challenge. If you take approach to this strategy to right way you'll find yourself winning trade everyday fucking day of the week. I've done it. And I can prove too. Now go fuck yourself with that.
  • #40
  • Jul 25, 2017 10:16am Jul 25, 2017 10:16am
Oh yeah and
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