We cut the winners short and let the losers run.
- #282
- Jun 14, 2021 12:32pm Jun 14, 2021 12:32pm
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Please is anyone here trading oil - WTI OIL? And which strategy are you using - the aggressive or standard? And please Laura which one is best in trading oil?
As an example, here's how you could have caught a nice short this afternoon/evening on the 5m aggressive version if using the -50 as a bias. Arrow is entry, cross is where you'd exit.
- #284
- Jun 14, 2021 12:51pm Jun 14, 2021 12:51pm
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
- #285
- Edited 1:57pm Jun 14, 2021 12:56pm | Edited 1:57pm
Hi,
I've uploaded another indicator, to help visualize and backtest when signals are being triggered.
https://www.forexfactory.com/thread/...3#post13582983
This indicator basically replaces the William's %R, to enable alerts & arrows.
You can use this whether you're using the "Standard" version of Daylight, or the "Aggressive" one.
You have to display on your chart the corresponding moving averages, though.
Here's the standard version:
And the aggressive one:
That way you can better see when setups occur. And maybe decide if you'd rather go for one version over the other.
Regards,
I've uploaded another indicator, to help visualize and backtest when signals are being triggered.
https://www.forexfactory.com/thread/...3#post13582983
This indicator basically replaces the William's %R, to enable alerts & arrows.
You can use this whether you're using the "Standard" version of Daylight, or the "Aggressive" one.
You have to display on your chart the corresponding moving averages, though.
Here's the standard version:
And the aggressive one:
That way you can better see when setups occur. And maybe decide if you'd rather go for one version over the other.
Regards,
- #286
- Jun 14, 2021 12:58pm Jun 14, 2021 12:58pm
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
{quote} Thank you. Don't be surprised if there is a bit of a retrace before it moves up some more. Price has strayed quite far from green line. Good luck!
Closed this one at Break Even at bedtime as I did not want to leave running while sleeping.
Big move at the end of the day!.
Trade well.
Hi, I've uploaded another indicator, to help visualize and backtest when signals are being triggered. https://www.forexfactory.com/thread/...3#post13582983 This indicator basically replaces the William's %R, to enable alerts & arrows. You can use this whether you're using the "Standard" version of Daylight, or the "Aggressive" one. You have to display on your chart the corresponding moving averages, though. Here's the standard version: {image} And the aggressive one: {image} That way you can better see when setups occur. And...
Just loaded to my chart. Am I correct in thinking that the signals are looking a tad bit late?.
- #291
- Jun 14, 2021 1:38pm Jun 14, 2021 1:38pm
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
- #293
- Jun 14, 2021 1:51pm Jun 14, 2021 1:51pm
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Hi Laura, thank you for sharing the strategy. Do you offer private coaching ?
You're welcome.
I'm afraid I can no longer offer 1 to 1 coaching as it was interfering too much with my trading time. However, please do feel free to post questions/setups etc on this thread and I'll do my best to answer.
You might also find some useful material in my Journal (link in first post of the thread).
Good morning Daylighters - here's to a profitable week! For those who are just reading the thread and haven't said anything, feel free to say hi and let me know how you are progressing if you are trying out one of the strategies. The more the merrier.
Early days for me but I'm enjoying the thread, a lot. I like the aggressive approach, purely because since Roadmap, I feel lost without a channel on my chart
.Picking up some great tips on taking profits quicker, which is especially useful as there's a fair bit of ranging on 4H currencies at the moment.
Another fantastic strategy that may have simple rules but still teaches so much along the journey.
Thank you so much. Bill
- #298
- Jun 14, 2021 3:40pm Jun 14, 2021 3:40pm
- Joined Jul 2011 | Status: Gold Again | 10,587 Posts
{quote} Hi, You're welcome. I'm afraid I can no longer offer 1 to 1 coaching as it was interfering too much with my trading time. However, please do feel free to post questions/setups etc on this thread and I'll do my best to answer. You might also find some useful material in my Journal (link in first post of the thread).
Best of both worlds IMHO
Here is an example, and it was only yesterday so it is being done, folks!
Inserted Video
It takes a lot for me to IGNORE you, but you can try.
- #300
- Jun 15, 2021 12:02am Jun 15, 2021 12:02am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
{quote} Hi Laura Early days for me but I'm enjoying the thread, a lot. I like the aggressive approach, purely because since Roadmap, I feel lost without a channel on my chart
Glad you're getting something out of it.
Yes, I think it's important lately to not wait too long before taking some profit as volatility is lower than it used to be.