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Daily Trading Ideas

  • #68,921
  • Sep 9, 2020 5:38pm Sep 9, 2020 5:38pm
Quoting Idunnu
{quote} I have closed it already.
nice..
i'm still hold it
ha ha
just for a cup of coffee...
  • #68,922
  • Sep 9, 2020 5:39pm Sep 9, 2020 5:39pm
Quoting OBsayMkMoney
93.20 Key level on DXY. Currently acting as support. If it breaks boom. Not looking like it though. Time will tell. Dow only took back 500 points today on good Jobs news. It was up 700 at one point. Lost 1200 in the past week. Tomorrow morning will tell. If positive we should see DXY below 93.20. Good job report = risk off a bit.. Thus a good excuse to send DXY down.
maybe ECB rate decision later today will decide about dxy direction..
just for a cup of coffee...
  • #68,923
  • Sep 9, 2020 5:44pm Sep 9, 2020 5:44pm
from today chill untill next week..
but will slowly trading at my small account..
that account make me angry...but need to be more patience with it.
keep reject from upside..
hope will break it soon..
ha ha
just for a cup of coffee...
  • #68,924
  • Sep 9, 2020 6:39pm Sep 9, 2020 6:39pm
Quoting Billion9
XAUUSD - bullish or bearish? Anyone has any idea? Long or Short?
scroll back there mate..
already explain for gold
take care
just for a cup of coffee...
  • #68,925
  • Sep 9, 2020 7:28pm Sep 9, 2020 7:28pm
good day akim and all...


i'm very tempted to short GU & GJ
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 44 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 49 KB

but i still don't trust dollar strength yet
"bad trades at times do happen even when the set up are good"
  • #68,926
  • Sep 9, 2020 7:54pm Sep 9, 2020 7:54pm
morning guys again. hmm i still collecting alot red pips. gosh. $200 worth of red pips. i am still bad at this. trying to get the right strategy to do this. was previously switching to stoch but with little results. BBMA can spot the price faster but really need PA to help. i really cannot spot that PA at most. higher TF moment is impt too. I could still b missing smth.

My steps now is
1. spot major turning point as SR in D1 and H4
2. spot smaller SR in H1/M30
3. see if BB is ranging or getting huge volatility.
4. range market i will enter when price close within top/low for reversal
5. huge volatility i will enter if price retest and did not close past the last lowest/highest n within BB.
i am poor in spotting PA tho. is my step wrong?
  • #68,927
  • Sep 9, 2020 8:10pm Sep 9, 2020 8:10pm
Quoting hamstertranc
morning guys again. hmm i still collecting alot red pips. gosh. $200 worth of red pips. i am still bad at this. trying to get the right strategy to do this. was previously switching to stoch but with little results. BBMA can spot the price faster but really need PA to help. i really cannot spot that PA at most. higher TF moment is impt too. I could still b missing smth. My steps now is 1. spot major turning point as SR in D1 and H4 2. spot smaller SR in H1/M30 3. see if BB is ranging or getting huge volatility. 4. range market i will enter when...
it ok there mate..
need more study how market play or chandlesticks/pattern play. that can help us more at trading..
keep it up and take care
just for a cup of coffee...
  • #68,928
  • Sep 9, 2020 8:10pm Sep 9, 2020 8:10pm
Quoting hamstertranc
morning guys again. hmm i still collecting alot red pips. gosh. $200 worth of red pips. i am still bad at this. trying to get the right strategy to do this. was previously switching to stoch but with little results. BBMA can spot the price faster but really need PA to help. i really cannot spot that PA at most. higher TF moment is impt too. I could still b missing smth. My steps now is 1. spot major turning point as SR in D1 and H4 2. spot smaller SR in H1/M30 3. see if BB is ranging or getting huge volatility. 4. range market i will enter when...
Hey hamstertranc, just thought id give you my thoughts as a fairly new trader. No, I don't think you are doing anything wrong. But what I can tell you is that trading is very very random. I personally just look at support and resistance and keep things simple. But it doesn't always work. I believe that if you just stay calm (dont get upset when you loose, dont brag and celebrate when you win), and manage your money well, you will stay in the game longer which in turn will let you learn more! Just as a side note I have one big personal rule... the day I stop enjoying this is the day I will quit. Hope this helps
Emotional Control. Process, not outcome.
  • #68,929
  • Sep 9, 2020 8:15pm Sep 9, 2020 8:15pm
Hey guys, pips.pips.pips........ been on the forex trail for years - crypto is where its at
  • #68,930
  • Sep 9, 2020 8:16pm Sep 9, 2020 8:16pm
Quoting hamstertranc
morning guys again. hmm i still collecting alot red pips. gosh. $200 worth of red pips. i am still bad at this. trying to get the right strategy to do this. was previously switching to stoch but with little results. BBMA can spot the price faster but really need PA to help. i really cannot spot that PA at most. higher TF moment is impt too. I could still b missing smth. My steps now is 1. spot major turning point as SR in D1 and H4 2. spot smaller SR in H1/M30 3. see if BB is ranging or getting huge volatility. 4. range market i will enter when...
i think you just missing a small piece of luck...
1- watching the PA during frankfurt, london and us open
2- if you follow BBMA rules/code you can easy to take REE
3- on HTF observe on LWMA hi/lo retest and bounce
4- PA should moving away on 50ema if BBMA rules
5- last akim set up can easy to follow, but patience is the key...
always check on each TF during trading hours don’t just stick on entry low TF... also during opening of new sesion there’s always shake and bake before the correct direction prevail...
don’t lost patience buddy...
"bad trades at times do happen even when the set up are good"
  • #68,931
  • Sep 9, 2020 8:35pm Sep 9, 2020 8:35pm
Quoting hamstertranc
morning guys again. hmm i still collecting alot red pips. gosh. $200 worth of red pips. i am still bad at this. trying to get the right strategy to do this. was previously switching to stoch but with little results. BBMA can spot the price faster but really need PA to help. i really cannot spot that PA at most. higher TF moment is impt too. I could still b missing smth. My steps now is 1. spot major turning point as SR in D1 and H4 2. spot smaller SR in H1/M30 3. see if BB is ranging or getting huge volatility. 4. range market i will enter when...
My 1.5 cents on this. What I do is:

- On the weekend I delete all my S/R lines and draw new ones from W, D and H4. I only bother on big changing points. Yes, I miss trades but I feel those are safer.

- Comes wednesday I look at H4 S/R of the past two days.

I dont really bother with H1 or lower tbh, I feel that everything becomes too messy and you need to be very very good at knowing which ones are gonna hold. Akim is a master at it, Im not. All you need to build an account are 2 good trades a day if you are managing your risk very conservatively.
  • #68,932
  • Sep 9, 2020 9:09pm Sep 9, 2020 9:09pm
Good Unemployment numbers = positive for Dow.. Negative for DXY.. Positive for GU..

Attached Image (click to enlarge)
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Don't compare your trades to others. Most often the masses are the asses
  • #68,933
  • Sep 9, 2020 11:00pm Sep 9, 2020 11:00pm
Quoting akim0895
{quote} it ok there mate.. need more study how market play or chandlesticks/pattern play. that can help us more at trading.. keep it up and take care
Thanks for encouragement! I think trading really test my perseverance. I'm still fighting hard each day trying to be patience to gain back my thousands of pips!

Quoting Konichiwhaat
{quote} Hey hamstertranc, just thought id give you my thoughts as a fairly new trader. No, I don't think you are doing anything wrong. But what I can tell you is that trading is very very random. I personally just look at support and resistance and keep things simple. But it doesn't always work. I believe that if you just stay calm (dont get upset when you loose, dont brag and celebrate when you win), and manage your money well, you will stay in the game longer which in turn will let you learn more! Just as a side note I have one big personal rule......
I dun brag. i did win pips (LUCK) as well but lose back more. Money management is super important the longer i am in this trading game. Hard not to get upset at heart but im trying not to let it become vengeful trading even at the slightest. I felt that the moment i have this "feeling/thinking" of let's try to get red pips back in next trade, i will usually end up more red pips. Honest confession here that i still fall to this trap!


Quoting spijack
{quote} i think you just missing a small piece of luck... 1- watching the PA during frankfurt, london and us open 2- if you follow BBMA rules/code you can easy to take REE 3- on HTF observe on LWMA hi/lo retest and bounce 4- PA should moving away on 50ema if BBMA rules 5- last akim set up can easy to follow, but patience is the key... always check on each TF during trading hours don’t just stick on entry low TF... also during opening of new sesion there’s always shake and bake before the correct direction prevail... don’t lost patience buddy...
I have a question here. In fact alot! I might post more qns if i have. I am trying to read past post. Its challenging at times trying to read and find the relevant chart in the past. sorry if im posting alot here in image attachment. I should add 50 EMA into the picture? above 50 bullish while below is bearish? hmm.


Quoting MicKiMicKi
{quote} My 1.5 cents on this. What I do is: - On the weekend I delete all my S/R lines and draw new ones from W, D and H4. I only bother on big changing points. Yes, I miss trades but I feel those are safer. - Comes wednesday I look at H4 S/R of the past two days. I dont really bother with H1 or lower tbh, I feel that everything becomes too messy and you need to be very very good at knowing which ones are gonna hold. Akim is a master at it, Im not. All you need to build an account are 2 good trades a day if you are managing your risk very conservatively....
I do my SR on weekend only now. adding new ones on daily basis in morning when i wake up. You've made a super good point. instead of making multiple trade like crazy dog, i should make 2 good trades a day. minimize trading frequency!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 264 KB
  • #68,934
  • Sep 9, 2020 11:17pm Sep 9, 2020 11:17pm
Im gonna assume a few things on that screenshot but before we continue, I dont really follow the BBMA rules per se. Im assuming we are on the bullish side and Im assuming the blue line is your support. Im also gonna assume that the rectangle is in an area of interest, the fact that you highlighted makes me think so.

First setup : Assuming rectangle is in an area of interest just wait for bullish candle to close and put limit orders at the bottom of it or close to support

Second setup : Price got rejected at first setup, therefore becomes support. Again, Im assuming it is an area of interest. Not sure it would have been filled and if it did
Im not sure it would be a BE or a loss trade.

Third setup : Blue line is support right? Then it is a perfect one.

I personally only take them when they are like the 3rd one. But I havent been trading this way very long. I used to trade H4 and Daily following the trend, buying high and selling higher. Been following this thread for about a month, trading this for about 2 weeks now. I opened a second trading account and transferred 700usd from my main account. It is sitting at 2200usd today. Not confident enough yet to trade with my 65k account.
Attached Image (click to enlarge)
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  • #68,935
  • Sep 9, 2020 11:48pm Sep 9, 2020 11:48pm
"I have a question here. In fact alot! I might post more qns if i have. I am trying to read past post. Its challenging at times trying to read and find the relevant chart in the past. sorry if im posting alot here in image attachment. I should add 50 EMA into the picture? above 50 bullish while below is bearish? hmm. "

as BBMA rules... yes you should have 50ema...
bullish when 50ema under BB
bearish when 50ema above BB

here's what i see entry/re-entry/exit trade on your posted chart:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM151.png Size: 55 KB
"bad trades at times do happen even when the set up are good"
  • #68,936
  • Sep 10, 2020 12:23am Sep 10, 2020 12:23am
this week coffee on me..
️
just for a cup of coffee...
  • #68,937
  • Sep 10, 2020 12:30am Sep 10, 2020 12:30am
Quoting leighjo
{quote} barely a new trading day haha
enough for me from yesterday fishing..
just chill around..
ha ha
Attached Image (click to enlarge)
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just for a cup of coffee...
  • #68,938
  • Sep 10, 2020 12:34am Sep 10, 2020 12:34am
Quoting akim0895
{quote} enough for me from yesterday fishing.. just chill around.. ha ha {image}
no call from the bank today?
"bad trades at times do happen even when the set up are good"
  • #68,939
  • Sep 10, 2020 12:37am Sep 10, 2020 12:37am
Quoting spijack
{quote} no call from the bank today?
sssttt...
just for a cup of coffee...
  • #68,940
  • Sep 10, 2020 12:40am Sep 10, 2020 12:40am
Quoting akim0895
{quote} sssttt...
"bad trades at times do happen even when the set up are good"
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