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Daily Trading Ideas

  • #54,241
  • Apr 30, 2020 4:42pm Apr 30, 2020 4:42pm
its fryday today..
so always extra care trading
just for a cup of coffee...
  • #54,242
  • Apr 30, 2020 4:44pm Apr 30, 2020 4:44pm
if feel better today will be trading at NY session..
if not still be around
just for a cup of coffee...
  • #54,243
  • Apr 30, 2020 4:55pm Apr 30, 2020 4:55pm
GD Akim and all!!!
  • #54,244
  • Apr 30, 2020 7:01pm Apr 30, 2020 7:01pm
good morning mates!
Trading is like fishing. Be patient and enjoy the fight.
  • #54,245
  • Apr 30, 2020 9:17pm Apr 30, 2020 9:17pm
hi Akim, is there any alternative MA i can use if the platform that im using does not have LWMA?
Trading is like fishing. Be patient and enjoy the fight.
  • #54,246
  • Apr 30, 2020 9:35pm Apr 30, 2020 9:35pm
Quoting AbbeyRd
hi Akim, is there any alternative MA i can use if the platform that im using does not have LWMA?
If your platform has WMA it is the same as LWMA
NextGen platform for example
  • #54,247
  • Apr 30, 2020 9:47pm Apr 30, 2020 9:47pm
Quoting JFphuket
{quote} If your platform has WMA it is the same as LWMA NextGen platform for example
thank mate. the parameters will be 5,10,15?
im on IG.
Trading is like fishing. Be patient and enjoy the fight.
  • #54,248
  • Apr 30, 2020 9:49pm Apr 30, 2020 9:49pm
Quoting AbbeyRd
{quote} thank mate. the parameters will be 5,10,15? im on IG.
Up to you, i only use the 5lwma same as Akim
  • #54,249
  • Apr 30, 2020 10:28pm Apr 30, 2020 10:28pm
Quoting JFphuket
{quote} Up to you, i only use the 5lwma same as Akim
thanks mate. i observed using 5WMA, buy/sell signals are usually at the squeeze on either upper/lower BB.

is my setting for WMA wrong such that im unable to see any crossing out of the upper/lower BB?
Trading is like fishing. Be patient and enjoy the fight.
  • #54,250
  • Apr 30, 2020 11:07pm Apr 30, 2020 11:07pm
Quoting AbbeyRd
{quote} thanks mate. i observed using 5WMA, buy/sell signals are usually at the squeeze on either upper/lower BB. is my setting for WMA wrong such that im unable to see any crossing out of the upper/lower BB?
the lwma will not always go outside the BB
set ups can be inside the BB's too
set ups are best identified by candle pattern around areas of previous rejection, as Akim mentions
example of two setups IMO inside BB's, on M15 GBPUSD yesterday in chart below

Attached Image (click to enlarge)
Click to Enlarge Name: GBP 15M.PNG Size: 88 KB
  • #54,251
  • Apr 30, 2020 11:09pm Apr 30, 2020 11:09pm
Happy for Akim to add comment about the above post
correct set up or not
  • #54,252
  • Apr 30, 2020 11:20pm Apr 30, 2020 11:20pm
same chart with a different way of marking opens
i don't trade breakouts, just using it to show levels

Attached Image (click to enlarge)
Click to Enlarge Name: GBP2 15M.PNG Size: 83 KB
  • #54,253
  • Apr 30, 2020 11:23pm Apr 30, 2020 11:23pm
and same TF showing the FF 1 hour range from the day before
levels getting tested

Attached Image (click to enlarge)
Click to Enlarge Name: GBP3 15M.PNG Size: 91 KB
  • #54,254
  • Apr 30, 2020 11:29pm Apr 30, 2020 11:29pm
Quoting JFphuket
{quote} the lwma will not always go outside the BB set ups can be inside the BB's too set ups are best identified by candle pattern around areas of previous rejection, as Akim mentions example of two setups IMO inside BB's, on M15 GBPUSD yesterday in chart below {image}
so basically, it is

CS protrusion of upper or lower BBs, and CS cfmation of retest failures.

the fundamentals of Akim's method?
Trading is like fishing. Be patient and enjoy the fight.
  • #54,255
  • Apr 30, 2020 11:42pm Apr 30, 2020 11:42pm
Quoting AbbeyRd
{quote} so basically, it is CS protrusion of upper or lower BBs, and CS cfmation of retest failures. the fundamentals of Akim's method?
for me, i look for the candle pattern to form at areas of highs and lows or previous rejection levels etc
  • #54,256
  • Apr 30, 2020 11:53pm Apr 30, 2020 11:53pm
with this method, make it what you want... whatever makes it work for you
you can stick to one TF if you want and just trade sessions, no carry trades... if that's your style, being patient and waiting for a set up
there are no firm rules to the method, adapt it to fit you to make it profitable
all the examples i have posted today are on the M15 TF

the chart below shows again a FF range with price just going above the Top BB and the Red lwma poking above too (below Green line)
price tested the day before level and rejected, no harm in testing a Short trade with SL's above the range.... amount you want to risk

Attached Image (click to enlarge)
Click to Enlarge Name: GBP5 15M.PNG Size: 68 KB
  • #54,257
  • May 1, 2020 1:01am May 1, 2020 1:01am
Quoting JFphuket
Happy for Akim to add comment about the above post correct set up or not
carry on bud ..
busy counting my green at gold
just for a cup of coffee...
  • #54,258
  • May 1, 2020 1:06am May 1, 2020 1:06am
Quoting akim0895
{quote} carry on bud .. busy counting my green at gold
i can imagine that! hahaha! grats!
Trading is like fishing. Be patient and enjoy the fight.
  • #54,259
  • May 1, 2020 1:08am May 1, 2020 1:08am
Morn. all
..hail to the Chief
..hope all good in health, always be with Boss Akim

..USDX M15, possible bull setup in the making, kot
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200501_140610.jpg Size: 309 KB
  • #54,260
  • May 1, 2020 1:20am May 1, 2020 1:20am
Quoting akim0895
{quote} carry on bud .. busy counting my green at gold
Good day Akim, why did Gold fall rapidly?
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