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Daily Trading Ideas

  • #54,141
  • Apr 30, 2020 5:21am Apr 30, 2020 5:21am
Quoting hocius
{quote} I entered on the M15 setup {image}
Perfect!
If you don't know how to earn money, don't loose it.
  • #54,142
  • Apr 30, 2020 5:24am Apr 30, 2020 5:24am
Quoting akim0895
{quote} not a setup mate.. wrong there it 2 bear.. look m30 as example or at my previous posting
Akim, the m30 setup is like this?
1-bull candle
2-bear candle (we can start selling at the open of the bear candle)
Thats the setup?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 106 KB
  • #54,143
  • Apr 30, 2020 5:26am Apr 30, 2020 5:26am
Quoting tradealltime
{quote} would you pls elaborate your fourth line which reads 4th, use the forth bar to enter, it will give you the best entry, but it will give you time to better judge.
consider as ma5 is outside BB:
"safer setup"
1st bar as being a bar closing outside BB.
2nd bar as a reversal bar.
3rd bar as retest.
Enter on the opening of the 4th bar. wait for the retest (3rd bar) to close first. depending where it close, you decide better, to enter on the opening of the 4th bar.
If you don't know how to earn money, don't loose it.
  • #54,144
  • Apr 30, 2020 5:29am Apr 30, 2020 5:29am
Quoting hocius
{quote} Akim, the m30 setup is like this? 1-bull candle 2-bear candle (we can start selling at the open of the bear candle) Thats the setup? {image}
add number 3 also need bull cs..
small or big cs does not mind
just for a cup of coffee...
  • #54,145
  • Apr 30, 2020 5:29am Apr 30, 2020 5:29am
M15 on GU had a good setup. TP at R here to build equity.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
Fix up, trade sharp ...
  • #54,146
  • Apr 30, 2020 5:30am Apr 30, 2020 5:30am
Quoting akim0895
{quote} add number 3 also need bull cs.. small or big cs does not mind
Thanks Akim!!
  • #54,147
  • Apr 30, 2020 5:35am Apr 30, 2020 5:35am
Quoting angifactor66
{quote} Sorry I am Newbie in Forex and i need explications about your indi: Just to be Sure that They understood FK means german Market? You Suggest to use indicator RSI n bollinger bands, but which TF, 30 min or 1h or...? And what parameter for RSI and bollinger bands? Indeed What is Forth bar? Thanks a lot
Fk - frankfurt.
my answer was only related to the chart posted, which was M15.
i mentioned RSI(9).
BB is as stated in this thread. 20 + 2std dev, close.
4th bar.

this 4th bar, seems to be causing many questions, so is better to all, forget! LOL

my intention of mention a 4th bar, was, if you are a newbie, and your not fully understood the setup, you should wait for the "test bar" to close first, and jump in on the next bar.
if you can consider
1- close outside BB
2-Reverse candle.
3-test of MA.
4- SHOOT!

if you feel ensecure, wait for the 3-test of ma to close first.
If you don't know how to earn money, don't loose it.
  • #54,148
  • Apr 30, 2020 5:38am Apr 30, 2020 5:38am
ECB later can spoil dxy bull..
take care..
just for a cup of coffee...
  • #54,149
  • Apr 30, 2020 5:42am Apr 30, 2020 5:42am
Quoting coolmakina
also on M15, it's possible to read like those notes: {image} however this doesn't invalidate that gold is bullish and so i would consider a trade against the trend!
PERFECT...!!!
Thanks Mate
  • #54,150
  • Apr 30, 2020 5:48am Apr 30, 2020 5:48am
A - is bullish bar closing outside BB. (NO SELLING SIGNAL)
B - is reversal candle that fails to close inside BB (usual when this close outside BB, it tends to continue trend). NO SELLING SIGNAL.
C - another bullish bar closing outside BB, with increasing volume. (Extrem volume, VSA users would risk to short on top) not here. NO SELLING SIGNAL.
D - Bearish engulfing candle. if the extreme volume seen on previous bar was "buying", how come the next bar (D) is a bearish engulfing?

if you haven't sold yet... since this action takes place near previous resistance area.
the yellow circle provides you a safer entry.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30.png Size: 101 KB
If you don't know how to earn money, don't loose it.
  • #54,151
  • Apr 30, 2020 5:48am Apr 30, 2020 5:48am
Quoting witowito
How long is it gonna hold?? Looks like sky rocket coming soon... So scenario 1 for me but let see what price tell us... 1.2522 for me is target but if hold below grey box... Short side then {image}
Oppps looks like the sky rocket happened
Attached Image (click to enlarge)
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  • #54,152
  • Apr 30, 2020 5:50am Apr 30, 2020 5:50am
Quoting witowito
{quote} Oppps looks like the sky rocket happened {image}
yep, called it he whole time, 1.25. i wont be getting in unless it smashes past 1.2515 with confidence, yesterday was very green so no rush to trade today, also lots of usd new this evening
  • #54,153
  • Apr 30, 2020 6:05am Apr 30, 2020 6:05am
Quoting joesherwood
{quote} yep, called it he whole time, 1.25. i wont be getting in unless it smashes past 1.2515 with confidence, yesterday was very green so no rush to trade today, also lots of usd new this evening
Yes I took a short @ 2510 TP 2487...
Don't Leave Money on the Table
  • #54,154
  • Apr 30, 2020 6:09am Apr 30, 2020 6:09am
My early order stop out +2 pips
PA Return Today: 4.6%
  • #54,155
  • Apr 30, 2020 6:14am Apr 30, 2020 6:14am
Quoting HaLBot
{quote} Yes I took a short @ 2510 TP 2487...
yea interesting point its at rn, just bouncing around 1.25 and 1.2515, just gonna watch and eat today hehe

best of luck like always bud
  • #54,156
  • Apr 30, 2020 6:20am Apr 30, 2020 6:20am
Quoting akim0895
tired today.. sleep all day
people leave, but this thread will go on for ever
  • #54,157
  • Edited 6:42am Apr 30, 2020 6:25am | Edited 6:42am
Quoting joesherwood
{quote} yea interesting point its at rn, just bouncing around 1.25 and 1.2515, just gonna watch and eat today hehe best of luck like always bud
Yep this small short is my understanding of using Akim's method on the 15 min chart...but bulls are strong so I know it might not drop below 2500

Went long for a 8 pips to cover my short that I closed for small loss....2 lots 8 pips evil laughter LOL
Don't Leave Money on the Table
  • #54,158
  • Apr 30, 2020 6:42am Apr 30, 2020 6:42am
just took some medicine
relaxing n watching some pairs play
just for a cup of coffee...
  • #54,159
  • Apr 30, 2020 6:43am Apr 30, 2020 6:43am
any KaBooooM from eu?
ha ha
just for a cup of coffee...
  • #54,160
  • Apr 30, 2020 6:46am Apr 30, 2020 6:46am
Quoting HaLBot
{quote} Yep this small short is my understanding of using Akim's method on the 15 min chart...but bulls are strong so I know it might not drop below 2500 Went long for a 8 pips to cover my short that I closed for small loss....2 lots 8 pips evil laughter LOL
don't chase the market.
if you lost the long train from Asia bottom and LO PA, wait for the market to calm down.
protect your money, unless you have extraordinary technic to scalp short.
If you don't know how to earn money, don't loose it.
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