Daily Trading Ideas | Page 1509 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Journals & Ideas on traded currencies 37 replies

Daily Trading Ideas EUR/USD, GBP/USD, Gold, Nasdaq, Dow 4 replies

daily reversal system - ideas are welcome! 0 replies

Exchanging trading ideas 37 replies

ideas on best indicator for daily chart 5 replies

Attachments: Daily Trading Ideas
Exit Attachments

Daily Trading Ideas

  • #30,161
  • Sep 22, 2019 1:04am Sep 22, 2019 1:04am
Quoting malcolmb14
{quote} exsmple {image}

This one closed off its lows in up trend

place buy stop above high of the bar
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3001.PNG Size: 818 KB
Blogging daily now at www.volume.zone
  • #30,162
  • Sep 22, 2019 1:06am Sep 22, 2019 1:06am
Quoting malcolmb14
{quote} This one closed off its lows in up trend place buy stop above high of the bar {image}
No test means it's trap move and markets may reverse

below we see down move in 15 that new trades love to jump on and then say wow look at me ... but see the result .. gbp went up 100 odd pips as it was a trap
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_3003.PNG Size: 209 KB
Click to Enlarge Name: IMG_3004.PNG Size: 912 KB
Blogging daily now at www.volume.zone
  • #30,163
  • Sep 22, 2019 1:58am Sep 22, 2019 1:58am
Quoting akim0895
GD folks.. Joeun Achim.. i thinks its time for me to get back to my normal and privacy life as before i join FF.. what i have share here i thinks its enough for newbies to understand and trading at forex.. my methods not a holy grail.. but enough for us to made green pips from it.. only need to practice more and more till you all master its.. remember all this.. PATIENCE,CONFIDENT and COURAGE.. main things that need inside all of us.. nothing will come in easy at early stage of learning somethings... don’t trading a lots of pairs at same time bad...
Hey Akim, Good luck M8. I haven't really got to know you as spend more time on Cable Update but I'm really appreciating your insights and the 'Akim' method. Funny I took some sell trades thursday night on GU when market turned around and headed up, it was a perfect bull set up on 30min and had I just recognised it would have saved myself a whole lot of stress that day. Luckily was able to regain those loses friday and will now check sell/buy set ups on multiple time frames with the 'Akim' method'
All the best Bro for your future
Don't Leave Money on the Table
  • #30,164
  • Sep 22, 2019 3:00am Sep 22, 2019 3:00am
Quoting akim0895
GD folks.. Joeun Achim.. i thinks its time for me to get back to my normal and privacy life as before i join FF.. what i have share here i thinks its enough for newbies to understand and trading at forex.. my methods not a holy grail.. but enough for us to made green pips from it.. only need to practice more and more till you all master its.. remember all this.. PATIENCE,CONFIDENT and COURAGE.. main things that need inside all of us.. nothing will come in easy at early stage of learning somethings... don’t trading a lots of pairs at same time bad...

Your ideas, your method and your teachings are improving my trading a lot and this is only thanks to you. Thank you!
  • #30,165
  • Sep 22, 2019 3:59am Sep 22, 2019 3:59am
Just a thought

gold friday was essentially sells using akim method

thad red candle halfway in trend was a sell trigger as the 5ma was close to the bollinger band ( very rare it goes outside these days as per page 1 .. place sells at high of that as alim does would have got you stopped so good money management is key . However placing sell stops under that red bar with a suspicion that price will drop your order would never have got filled

but what I have noticed is that the method works well in consolidating markets and specially when traps are sent down to the lower bollinger band before the reversal and is very similar to how I trade ... but instead of using bollinger bands use pivots ......first bar rejected off pivot you wait for next up bar and place sell stop under that up bar
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3005.PNG Size: 208 KB
Blogging daily now at www.volume.zone
  • #30,166
  • Sep 22, 2019 4:06am Sep 22, 2019 4:06am
The general idea is that when price goes outside bollinger bands it will come back into the bands

the top line in this chart is a major daily resistance price there with supply hitting first bar .. the. Down then the test bull bar that akim look for .

Its a perfect reverals set up

the sell should be a sell stop under the bull test bar
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3007.PNG Size: 559 KB
Blogging daily now at www.volume.zone
  • #30,167
  • Sep 22, 2019 4:08am Sep 22, 2019 4:08am
Quoting malcolmb14
The general idea is that when price goes outside bollinger bands it will come back into the bands the top line in this chart is a major daily resistance price there with supply hitting first bar .. the. Down then the test bull bar that akim look for . Its a perfect reverals set up the sell should be a sell stop under the bull test bar {image}
however the safest way to trade is trading in trends ...
as you get better use reversal trading as akim does
Blogging daily now at www.volume.zone
  • #30,168
  • Sep 22, 2019 4:17am Sep 22, 2019 4:17am
Good luck Akim, best wishes for you and your family!

Still remember your second post on Forex Factory!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #30,169
  • Sep 22, 2019 4:24am Sep 22, 2019 4:24am
here is chart with pivot ... just food for thought .... could be used in conjunction with akims bb method which essentially is using a 5 ma to tell the traders when price is overextended and comes back into the bb ..

note 30 min trend gbpusd down all day Friday so we only looking for sells ... I rarely buy aginast trend unless we consolidate and form good top or bottom

1. first rejection off R1 (also top bb as per akim method )
2. retest r1 but no break out ... rejected again
3.. third rejection .. place sell stop under low of bar at 3 stop above high of bar at 1.
4. came down to the daily pivot ( super powerful pivot) but no bounce and test ( akim method is rejection / and retest rejection )
5. came off lower bb and tested daily pivot ... but look at the red triangle marked .. thats the software i use sometimes .. it marking supply entering market at the daily pivot , as trend is DOWN on 30 we looking only for sells.
6. a no demand , up bar low volume closing on low ... another scalp opportunity with the trend

the blue and yellow bars above price are chandelier stops ..

other nice thing i came across this week while looking closer at akims method is super bollinger bands co loured which have alerts for the phasing of the bollinger bands ( consolidation , trends which is where we play and slowing down of trends) with alerts for each . You set it with the email alerts and only play in the trend phase,.
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-22_13-10-04.png Size: 43 KB
Blogging daily now at www.volume.zone
  • #30,170
  • Sep 22, 2019 4:39am Sep 22, 2019 4:39am
akim please correct me if i am wrong on this

for traders akim method is rejection and test rejection

1 . consolidation no trades
2. price moves to lower bollinger bands .. and has first rejection in 1500 area. The 5sma hugging the bottom bollinger band but not below it , which seems more common these days,
3. we have to wait for test of that forst bear bar at 2 , we place sell stop above high of bar and stop under low of bar at 2
4. daily r1 was a rejection off this level bot no test ... so the REJECTION / TEST OF REJECTION SET UP NOT VALID so no trade according to akim method ..
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-22_13-33-08.png Size: 48 KB
Blogging daily now at www.volume.zone
  • #30,171
  • Sep 22, 2019 4:42am Sep 22, 2019 4:42am
do not own and have nothing to do with it before i am accused of advertising ... I thought it looked pretty good for those trading akim method ...

https://www.mql5.com/en/market/product/8513
Blogging daily now at www.volume.zone
  • #30,172
  • Sep 22, 2019 4:49am Sep 22, 2019 4:49am
why money management is key and moving stops breakeven asap key. i noticed akim does this alot.

1. 5 ma on bollinger band and next bar down potential rejection near 1502 resistance
2. confirmation of entry .. sell stop under bar
3. price moved down and got bought
4. if you placed strop above high of bar at 1 and had not moved ti to breakeven when price moved down off 3 you would have been stopped.

move stops break even asap always
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-22_13-44-10.png Size: 58 KB
Blogging daily now at www.volume.zone
  • #30,173
  • Sep 22, 2019 4:56am Sep 22, 2019 4:56am
Quoting malcolmb14
do not own and have nothing to do with it before i am accused of advertising ... I thought it looked pretty good for those trading akim method ... https://www.mql5.com/en/market/product/8513
lots of pretty colors mate
people leave, but this thread will go on for ever
  • #30,174
  • Sep 22, 2019 4:56am Sep 22, 2019 4:56am
you may have noticed diamonds in my charts that are the same as the middle point of the bollinger bands ...

how i trade is wait for those to be trending up or down ( the acceleration phase in the super bollinger bands) and then i wait for tests in those trend.

4 chances to pyramid in on friday gbpusd with nice SAFE trades , start at top , move stop break even before next trade , add at next level so on and so forth ..

I turned $50 to $3500 in three days doing this once when eur actually moved ...

the dots are the centre of the bollinger band
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-22_13-54-21.png Size: 33 KB
Blogging daily now at www.volume.zone
  • #30,175
  • Sep 22, 2019 4:59am Sep 22, 2019 4:59am
Quoting Aussi
{quote} lots of pretty colors mate
nice colours but i bet if you trade acceleration phase you make some $$$$$$
Blogging daily now at www.volume.zone
  • #30,176
  • Sep 22, 2019 5:06am Sep 22, 2019 5:06am
Quoting malcolmb14
{quote} nice colours but i bet if you trade acceleration phase you make some $$$$$$
would i make more money than i am making now , for me only , mate looking at more indicators does not go with my trading plan , others i am sure would look at it and say its for them
people leave, but this thread will go on for ever
  • #30,177
  • Sep 22, 2019 5:28am Sep 22, 2019 5:28am
Quoting Aussi
{quote} would i make more money than i am making now , for me only , mate looking at more indicators does not go with my trading plan , others i am sure would look at it and say its for them
note for you .. you are a seasoned trader ... maybe for new traders that lose or struggle to break even ..

do not trades unless in down or up trend phase ... simple rule would keep them on right side of market
Blogging daily now at www.volume.zone
  • #30,178
  • Sep 22, 2019 5:32am Sep 22, 2019 5:32am
Quoting malcolmb14
{quote} note for you .. you are a seasoned trader ... maybe for new traders that lose or struggle to break even .. do not trades unless in down or up trend phase ... simple rule would keep them on right side of market
yes i can see what the chart you have is saying mate and agree with what you said
people leave, but this thread will go on for ever
  • #30,179
  • Sep 22, 2019 6:58am Sep 22, 2019 6:58am
Quoting malcolmb14
{quote} if you sell here you got no room to the next support ... under 2440 better .. you got 50 PIP to next support to get the stop to be and see if the 4 hour rolls over
Thanks for your reply, though i'm not on Gu now because it is very close to a support. maybe i will still watch to see what it will do.
  • #30,180
  • Sep 22, 2019 7:09am Sep 22, 2019 7:09am
Quoting olisavictor
{quote} Thanks for your reply, though i'm not on Gu now because it is very close to a support. maybe i will still watch to see what it will do.
break 460 wait for the test ( up bar next bar down) on a lower time frame like 15 or 30 and enter trade
Blogging daily now at www.volume.zone
18 traders viewing now