The daily strategy - the different point of view | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

different systems for different markets 3 replies

Why different candles on different platforms? 2 replies

Widely different ADX values from different accounts 2 replies

Different Pivots with different brokers 2 replies

Different sounds for different kind of alerts 14 replies

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

The daily strategy - the different point of view

  • #41
  • Jul 25, 2017 10:21am Jul 25, 2017 10:21am
Quoting tmchrist
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.
Ok so look the the spreads at 330pm et today and confirm that please just to be sure. That's the time I enter. My spreads are usually not widened yet I work from Oanda the best brokerage ever.
  • #42
  • Jul 25, 2017 10:26am Jul 25, 2017 10:26am
Quoting tmchrist
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.
Who is your broker?
  • #43
  • Jul 25, 2017 10:56am Jul 25, 2017 10:56am
Any questions, suggestions, comments or concerns?
  • #44
  • Jul 25, 2017 10:59am Jul 25, 2017 10:59am
Quoting opal727
{quote} As I can see from my charts it is true, at list 99% ....
Thank you opal727. Very optimistic and obsevant
  • #45
  • Jul 25, 2017 11:02am Jul 25, 2017 11:02am
New folks tuning in please subscribe to this thread. It has the potential to become something very unique and profound as long as your feedback continues.
  • #46
  • Jul 25, 2017 11:03am Jul 25, 2017 11:03am
To remind you that there is more to it like money management which is important because they play into each other so stay in tune.
  • #47
  • Jul 25, 2017 11:15am Jul 25, 2017 11:15am
Quoting ewebb205
{quote} Ok so look the the spreads at 330pm et today and confirm that please just to be sure. That's the time I enter. My spreads are usually not widened yet I work from Oanda the best brokerage ever.
ewebb205,
interesting concept, I subscribed.
got a question, why 3.30 est, why not 4.00 or 4.30?
because NY closes at 5.00.
  • #48
  • Jul 25, 2017 11:19am Jul 25, 2017 11:19am
Quoting loveandpeace
{quote} ewebb205, interesting concept, I subscribed. got a question, why 3.30 est, why not 4.00 or 4.30? because NY closes at 5.00.
Mainly because my brokers spread widens shortly after and in Alabama my time zone is a hour behind ny so 4 is ny's 5
  • #49
  • Jul 25, 2017 11:20am Jul 25, 2017 11:20am
I enter my trade 20 to 30 minutes before ny close
  • #50
  • Jul 25, 2017 11:23am Jul 25, 2017 11:23am
Now there is occasional drawdown. But your method will be the difference between rare and often drawdown. Your discretion matter towards your method on choosing the pair and direction.
  • #51
  • Jul 25, 2017 11:24am Jul 25, 2017 11:24am
Here's one hint towards my personal strategy.
I LIKE TO TRADE PULLACKS AND RETRACEMENTS FROM THE DAILY.
  • #52
  • Jul 25, 2017 11:31am Jul 25, 2017 11:31am
Quoting ewebb205
{quote} Thank you and please subscribe anybody else? Come on gents.
Already done..
  • #53
  • Jul 25, 2017 11:32am Jul 25, 2017 11:32am
Some more logic
Who believes a pullback or retracement can be seen on a single daily candle
In my opinion each daily candle as it own pullback and retracement. It's that history wick it leaves on the candle before taking it's direction for the day. Ex. A upwards pinbar is formed on the daily. if it's going to reverse tomorrow than before it does it always pullback upwards one last time. Please check the daily charts and report your findings.
  • #54
  • Jul 25, 2017 11:34am Jul 25, 2017 11:34am
Who heard that the Asian session is always used for accumulation for a position in the London and us session by the big banks?

Let me know if lost you.
  • #55
  • Jul 25, 2017 11:38am Jul 25, 2017 11:38am
Subscribe, following on the side line.
thank for your time
  • #56
  • Jul 25, 2017 11:49am Jul 25, 2017 11:49am
Quoting Egarcia74
Subscribe, following on the side line. thank for your time
Thank you for your
  • #57
  • Jul 25, 2017 12:02pm Jul 25, 2017 12:02pm
Following with interest,...
  • #58
  • Jul 25, 2017 12:18pm Jul 25, 2017 12:18pm
Quoting ewebb205
{quote} Thank you jegas and don't forget to subscribe me or whatever.
Just curious, why is it so important to you to solicit subscribers?
  • #59
  • Jul 25, 2017 12:21pm Jul 25, 2017 12:21pm
Quoting ewebb205
Some more logic Who believes a pullback or retracement can be seen on a single daily candle In my opinion each daily candle as it own pullback and retracement. It's that history wick it leaves on the candle before taking it's direction for the day. Ex. A upwards pinbar is formed on the daily. if it's going to reverse tomorrow than before it does it always pullback upwards one last time. Please check the daily charts and report your findings.
Looking foreward for your system ewebb205, subscribed!

I found a pinbar where next daily candle does not pullback..

Attached Image
Persistence will get it. Consistency will keep it.
  • #60
  • Jul 25, 2017 12:22pm Jul 25, 2017 12:22pm
I believe my strategy is has monetary value and since I'm not selling it I would like to have a decent enough audience to embrace it rather than it being just another dead thread that never took off. Plus to see whose interested and who's not.
0 traders viewing now