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Daily Trading Ideas

  • #14,841
  • Apr 21, 2019 12:36pm Apr 21, 2019 12:36pm
Quoting fareed51
{quote} NavK method is one pair and open hedge trades with daily/hourly r&S. You are using MT5 & I got your indicators including pivot+daily/hourly R&S and you open multiple orders as per PA and close all when retrace and start fresh. correct me akim/navk if I was wrong about your method as i'm still learning from you BOTH .
Intraday only.
  • #14,842
  • Apr 21, 2019 12:55pm Apr 21, 2019 12:55pm
Akim
S&R levels are based on each time frame? ... or u focus in one time frame for main S&R and then trade it in the time frame wich gives the setup?
I mean if u want to take a m30 setup u look at m30 S&R levels
and if u want to do it in...let say daily u focus on daily S&R levels.
  • #14,843
  • Apr 21, 2019 1:13pm Apr 21, 2019 1:13pm
Guys I have spent quite some time in the past trying to understand how the banks (i.e. the "smart money" that actually moves the price) operate. At first I thought that it was all very structured and well controlled. It actual fact the opposite is true with, very often, chaotic conditions reigning on the trading floor. Thus, any attempt to follow these large institutions in the mistaken belief that they are following some well ordered plan can be doomed to failure!

One thing that you can be sure of is that when they move the price significantly and very quickly in one direction, they run out of liquidity quite fast. As soon as it's costing them big money to move the price any further they are going to shoot it back up or down in an attempt to gain quick liquidity by knocking out stops etc., as well as as many smaller players as possible who have been following on. The eventual target hasn't changed but it can take a lot of zig zags before we get there.

The secret or key to winning in this game is ascertaining exactly where (and WHEN) they are going to pull the price back to. As these guys are incredibly lazy, the pull-back level is often a BRN or level where price has halted in the past. if it is not a BRN, very often the numbers "80" and "30" are very popular. The other factor is that different sessions will co-operate in this endeavour - so the Asian session will often do the pull-back and and as soon as Franfurt/London opens the price will shoot up/down again with the main trend.

In the chart below, see how the number "30" appears twice - 8530 and 8430. Also the price is pushed up during the Asian session (the Liquidity hunt) only to go back down with the main trend once Frankfurt opens!

If you don't believe me you can go back in history and check out how many times this happens - you'll be amazed!

P.S.: The banks are gonna hate for revealing these trade secrets!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 59 KB
  • #14,844
  • Apr 21, 2019 2:18pm Apr 21, 2019 2:18pm
Quoting navk
{quote} simple. look for a place to enter a trade which will give you 2 % of your capital. 2 % achieved, get out of trade. You will definitely find a place everyday to enter into a trade to make 2 %. It is only the greediness or impatience that leads us to fall.
Sorry for the intrusion

I prefer to say that ... speaking of daytrading, there is usually "almost" every day an opportunity of a setup, the percentage depends on the market condition at the time and the state of mind of the trader.

But I understand what you mean.
Since I started trading based on $ /% in real time and not on pips and R:R it was a turnaround

Yes, greed and discipline is an issue, once mastered is the door to another dimension

Have a green week
POW!
  • #14,845
  • Apr 21, 2019 6:11pm Apr 21, 2019 6:11pm
Quoting witowito
Akim S&R levels are based on each time frame? ... or u focus in one time frame for main S&R and then trade it in the time frame wich gives the setup? I mean if u want to take a m30 setup u look at m30 S&R levels and if u want to do it in...let say daily u focus on daily S&R levels.
take S/R from which tF give you setup mate ️
just for a cup of coffee...
  • #14,846
  • Apr 21, 2019 6:14pm Apr 21, 2019 6:14pm
for $$$ or pips..?
i play both of them
just for a cup of coffee...
  • #14,847
  • Apr 21, 2019 6:15pm Apr 21, 2019 6:15pm
GD all ️
just for a cup of coffee...
  • #14,848
  • Apr 21, 2019 6:33pm Apr 21, 2019 6:33pm
for newbie..
my advice is..open n add $100 at your real account
trading and take care its for 3 month..
if you can secure its so you can be a traders
if faiL...so..
start it again till you can to control that capitaL is still there ️
after a daily trading,win or loss..
don’t thinks how much can make from its
only make sure that $100 is still there till 3 month ️
just for a cup of coffee...
  • #14,849
  • Apr 21, 2019 7:07pm Apr 21, 2019 7:07pm
Quoting akim0895
for newbie.. my advice is..open n add $100 at your real account trading and take care its for 3 month.. if you can secure its so you can be a traders if faiL...so.. start it again till you can to control that capitaL is still there ️ after a daily trading,win or loss.. don’t thinks how much can make from its only make sure that $100 is still there till 3 month ️
If not trade, $100 is still there.
  • #14,850
  • Apr 21, 2019 7:08pm Apr 21, 2019 7:08pm
Quoting akim0895
for newbie.. my advice is..open n add $100 at your real account trading and take care its for 3 month.. if you can secure its so you can be a traders if faiL...so.. start it again till you can to control that capitaL is still there ️ after a daily trading,win or loss.. don’t thinks how much can make from its only make sure that $100 is still there till 3 month ️
Plus maksimum 5% for the risk per trade.
  • #14,851
  • Apr 21, 2019 7:14pm Apr 21, 2019 7:14pm
Quoting Gilaforex13
{quote} If not trade, $100 is still there.
️
just for a cup of coffee...
  • #14,852
  • Apr 21, 2019 7:40pm Apr 21, 2019 7:40pm
GD all

I have some Shorts running from last week on GBP, SL all at BE or better
Monthly/Weekly looking really bearish now I think so I will continue to hold and maybe add positions if there is a retrace and set up for Akim method
level of interest is the Golden color line, also the R2 is @ 1.30130 today
I have TP on the chart, but this is flexible, if I see higher TF Bullish set up Akim method then i will look to TP and take a long position or keep Shorts and scalp long for a few pips

Oil I am looking at 66.863 as area of interest for a Short if there is a set up
price has been hovering around 61.8 Fib on Daily, today price is starting to push higher, H4 testing highs as I type

USDJPY looking for a Short set up around 113.175 if Akim method agrees

Attached Image (click to enlarge)
Click to Enlarge Name: GBP D1.PNG Size: 81 KB
  • #14,853
  • Apr 21, 2019 7:47pm Apr 21, 2019 7:47pm
Quoting JFphuket
GD all I have some Shorts running from last week on GBP, SL all at BE or better Monthly/Weekly looking really bearish now I think so I will continue to hold and maybe add positions if there is a retrace and set up for Akim method level of interest is the Golden color line, also the R2 is @ 1.30130 today I have TP on the chart, but this is flexible, if I see higher TF Bullish set up Akim method then i will look to TP and take a long position or keep Shorts and scalp long for a few pips Oil I am looking at 66.863 as area of interest for a Short if...
nice view there bud..
today is still bank holiday for euro n uK
maybe NY session will have some action
or just sideway till next day for clear direction
Gu i still hold my shorts
for uj i still sideline n waiting for nice setup maybe ️
just for a cup of coffee...
  • #14,854
  • Apr 21, 2019 8:07pm Apr 21, 2019 8:07pm
Quoting akim0895
{quote} ️
intellectual reply
Neither a Bro Nor a Pro I am I
  • #14,855
  • Apr 21, 2019 10:29pm Apr 21, 2019 10:29pm
today, I expect GU to move around 3019 to 3029
Intraday only.
  • #14,856
  • Apr 21, 2019 11:04pm Apr 21, 2019 11:04pm
good day to all
  • #14,857
  • Apr 21, 2019 11:04pm Apr 21, 2019 11:04pm
Quoting Gilaforex13
{quote} If not trade, $100 is still there.
Intraday only.
  • #14,858
  • Apr 22, 2019 3:05am Apr 22, 2019 3:05am
Quoting Gilaforex13
{quote} If not trade, $100 is still there.
for trader that has not make money yet.
Trade mean lost $100
No Trade mean $100 still there
why we still want to lost $100
  • #14,859
  • Apr 22, 2019 4:15am Apr 22, 2019 4:15am
Quoting AlexanderTan
{quote} for trader that has not make money yet. Trade mean lost $100 No Trade mean $100 still there why we still want to lost $100
yes mate..
but some lesson don’t come with free
need to learn take some loss before come back with gain more n more..
that why they call forex ️
just for a cup of coffee...
  • #14,860
  • Apr 22, 2019 5:21am Apr 22, 2019 5:21am
Quoting akim0895
{quote} .. that why they call forex ️
I did not know that.

Intraday only.
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