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Daily Trading Ideas

  • #2,021
  • Jan 6, 2019 5:41am Jan 6, 2019 5:41am
Quoting MrAashir
{quote} Yes bro but i do not agree with not using stop loss. Stop loss must be used if you are scalping.
I dont agree on musts at forex. It is down to many other things specially the way every individual is and how much you are willing to loose
POSTMASTER
  • #2,022
  • Jan 6, 2019 5:42am Jan 6, 2019 5:42am
Quoting 9jatrader
{quote} The same time frames in which you took the position. Exceptional case that when I get in using the weekly middle band and daily lower band. In that case I use the weekly last candle for SL. For daily middle band and 4hr lower band I use the daily candle for SL. I move it as soon as possible, specially when dealing weekly candle
summing it up.you trade the daily and weekly.

how often do you check on your trades?are you trading full time or part time and occassionally log on to check your trades.
could you kindly show me a typical entry of yours,an entry you made?a link maybe to an example so its clear what we discussing.

If we ain't helping each other to grow then what the hell are we doing in here.
  • #2,023
  • Jan 6, 2019 5:47am Jan 6, 2019 5:47am
Quoting EXpRINCE
{quote} summing it up.you trade the daily and weekly. how often do you check on your trades?are you trading full time or part time and occassionally log on to check your trades. could you kindly show me a typical entry of yours,an entry you made?a link maybe to an example so its clear what we discussing. If we ain't helping each other to grow then what the hell are we doing in here.
Okay i trade full time i check everyday what i do and everyday i want to learn what works and what doesnt and my concious has been built up by testing and trying. I just said what my concious feels nothing more and please do not take me as noob i have been trading for 3 years and i know what i am doing. And i also know different people have different trading styles what works for them might not work for other. Yes i will but please show me yours first then i promise i will tell you.
  • #2,024
  • Jan 6, 2019 5:47am Jan 6, 2019 5:47am
Quoting EXpRINCE
{quote} summing it up.you trade the daily and weekly. how often do you check on your trades?are you trading full time or part time and occassionally log on to check your trades. could you kindly show me a typical entry of yours,an entry you made?a link maybe to an example so its clear what we discussing. If we ain't helping each other to grow then what the hell are we doing in here.
Please, give us a general outlook how you trade and then we all exchange ideas
POSTMASTER
  • #2,025
  • Jan 6, 2019 5:48am Jan 6, 2019 5:48am
Quoting 9jatrader
{quote} Simple Moving Average- Period: 14; Shift: 0. It means leave it at default at MT4
thanks, i see that in case of correction scenario 14 sma coincide with fibo level, short interests can appear between 1.3516-1.3552.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 34 KB
  • #2,026
  • Jan 6, 2019 5:49am Jan 6, 2019 5:49am
Quoting MrAashir
{quote} Okay i trade full time i check everyday what i do and everyday i want to learn what works and what doesnt and my concious has been built up by testing and trying. I just said what my concious feels nothing more and please do not take me as noob i have been trading for 3 years and i know what i am doing. And i also know different people have different trading styles what works for them might not work for other.
Very true
POSTMASTER
  • #2,027
  • Jan 6, 2019 5:50am Jan 6, 2019 5:50am
Quoting MrAashir
{quote} Can u please tell me how am i stupid? I just gave a valid argument for your statement.

I assume you are stupid just because you were told its a bad thing to trade without a stop loss you attack everything that suggest you not use the sl.or trailing stop loss.

Full time traders,since most of you don't know how to use the stop loss properly,why not leave it out at all.as long you are day trader-always looking at your charts that is.

THE REASON I'M SO WORKED UP ABOUT THE SL ISSUE is i have been lucky enough to see how the banks operate and run their business model.
once those guys hit the HUNT FOR STOPS feature or button on their side_It puts you all in trouble,Look i'm trying to help not attack,if presented myself anyhow i sincerley apologise.
  • #2,028
  • Jan 6, 2019 5:51am Jan 6, 2019 5:51am
Quoting EXpRINCE
{quote} you are 90% all the time bound or forcefully going to be pushed to exit a trade you set a trailing stop on.exit without reaching/hitting your target. How many times have you set a trailing stop-watch the trade hit the trailing stop and rise to new highs without you???? Remember you trade against another human on the other side of the trade.a human being working for a big bank or large institution NOT A COMPUTER. Always remember this.
I agree with not using a trailing SL, if you have a strategy that produces a net profit over a period of time (assuming TP levels and a good R/R ratio). a trailing SL will only disrupt the maths of your positive outcome expectancy. While a trailing SL may increase your percentage of winners by locking in some profit early, it will seriously reduce the size of most of those winners.
Come with me if you want to live....
  • #2,029
  • Jan 6, 2019 5:53am Jan 6, 2019 5:53am
Quoting MrAashir
{quote} Okay i trade full time i check everyday what i do and everyday i want to learn what works and what doesnt and my concious has been built up by testing and trying. I just said what my concious feels nothing more and please do not take me as noob i have been trading for 3 years and i know what i am doing. And i also know different people have different trading styles what works for them might not work for other. Yes i will but please show me yours first then i promise i will tell you.

buddy this reply wasn't meant for you...it was a reply to 9jatrader.
  • #2,030
  • Edited 6:06am Jan 6, 2019 5:54am | Edited 6:06am
Quoting EXpRINCE
{quote} summing it up.you trade the daily and weekly. how often do you check on your trades?are you trading full time or part time and occassionally log on to check your trades. could you kindly show me a typical entry of yours,an entry you made?a link maybe to an example so its clear what we discussing. If we ain't helping each other to grow then what the hell are we doing in here.
Here I have the AUDCAD I have spoken about here we asked about SL. I missed the first entry- first red mark and so had to be conservative and wait for the bulls to complete advance before getting when the second candle closed below middle band again. Am a part time trader. I still keep my business.
Attached Image (click to enlarge)
Click to Enlarge Name: audcadf.png Size: 43 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,031
  • Jan 6, 2019 5:54am Jan 6, 2019 5:54am
now need calm down mate..
hope can respect each others arounds here..
different person different style of trading
abouts that i thinks shoulds not argue too much
better argue abouts which pairs to start trading or which pairs shoulds going down and up..
just for a cup of coffee...
  • #2,032
  • Jan 6, 2019 5:56am Jan 6, 2019 5:56am
It made about 400 pips down during flash crash. Next the bulls are causing retracement. And so have to move my sl to BE
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,033
  • Jan 6, 2019 5:56am Jan 6, 2019 5:56am
Quoting EXpRINCE
{quote} I assume you are stupid just because you were told its a bad thing to trade without a stop loss you attack everything that suggest you not use the sl.or trailing stop loss. Full time traders,since most of you don't know how to use the stop loss properly,why not leave it out at all.as long you are day trader-always looking at your charts that is. THE REASON I'M SO WORKED UP ABOUT THE SL ISSUE is i have been lucky enough to see how the banks operate and run their business model. once those guys hit the HUNT FOR STOPS feature or button on their...
You have been alright so far. The usual problem at FF threads is that everyone seem to know what should be done and what should not. as long as we debate with respect. nAre you a swing trader?
POSTMASTER
  • #2,034
  • Jan 6, 2019 5:56am Jan 6, 2019 5:56am
Quoting EXpRINCE
{quote} buddy this reply wasn't meant for you...it was a reply to 9jatrader.

Sorry bro i thought it was for me lol but i did not attack everyone i just said what i thought. Anyway i dont know how banks trade so please tell us more about why stop loss are bad.
  • #2,035
  • Jan 6, 2019 5:59am Jan 6, 2019 5:59am
Quoting Ill-b-back
{quote} I agree with not using a trailing SL, if you have a strategy that produces a net profit over a period of time (assuming TP levels and a good R/R ratio). a trailing SL will only disrupt the maths of your positive outcome expectancy. While a trailing SL may increase your percentage of winners by locking in some profit early, it will seriously reduce the size of most of those winners.
I dont use trailing just thought it useful so i dont really know. By the way, would be a surprise we thought alike, how are you?
POSTMASTER
  • #2,036
  • Jan 6, 2019 5:59am Jan 6, 2019 5:59am
Quoting MrAashir
{quote} Sorry bro i thought it was for me lol but i did not attack everyone i just said what i thought. Anyway i dont know how banks trade so please tell us more about why stop loss are bad.
nice mate..
just for a cup of coffee...
  • #2,037
  • Jan 6, 2019 6:01am Jan 6, 2019 6:01am
Quoting 9jatrader
It made about 400 pips down during flash crash. Next the bulls are causing retracement. And so have to move my sl to BE
Maybe you should place TP 400 pips away in case black swan appears. Cheers
POSTMASTER
  • #2,038
  • Jan 6, 2019 6:03am Jan 6, 2019 6:03am
Quoting 9jatrader
{quote} Here I have the AUDCAD I have spoken about here we asked about SL. I missed had to be conservative and wait for the bulls to complete advance before getting when the second candle closed below middle band again {image}

ok thanks...now i now what we are talking about....

why don't you try this...i assume those red lines are your bolinger bands..correct?
you set the top,middle and bottom...correct?

you still have a good entry but it was late.try this....everytime price hits out of those bolingers and comes back and crosses the top red line of bolinger SELL.exit when price crosses the bottom red line bolinger line.VICE VERSA..try it(DEMO)...and tell me how it works out.

where you should have entered is outside those bolingers.at the top where price hit 3 times and dropped...but yah try what i'm saying on a demo and tell me how it works out.

EDIT:1ST TAKE PROFIT SHOULD BE AT THE PRICE LINE OR MIDDLE BOLINGER.AND THE SECOND TAKE PROFIT AT THE BOTTOM LINE...YOU COULD ALSO TRY NOT TAKE PROFITS AT THE BOTTOM CROSSING TILL YOU ABSOLUTELY SEE PRICE COMING CROSSING AND COMING BACK INSIDE THE BANDS...SINCE YOU ARE TRADING THE DAILY CHART-EVERYTIME PRICE CROSSES THE BOTTOM LINE SET A SL TP TO PROTECT THOSE PROFITS.
  • #2,039
  • Jan 6, 2019 6:04am Jan 6, 2019 6:04am
Aki. apply for a bonus FF. Your thread full of traders on a sunday
POSTMASTER
  • #2,040
  • Jan 6, 2019 6:04am Jan 6, 2019 6:04am
When this thread becomes who is stupid and who is not I would be out of this thread and unsubscribe. I have a thread where am busy sharing. I wish to thank the thread starter where we can share with one another. We have nothing to loose when we share. Rather we have so much to gain.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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