Daylight Trading Strategy | Page 22 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading in Daylight Saving Time (DST)..City Index 0 replies

Daylight Savings Questions..... 6 replies

Timezones and Daylight Saving 3 replies

Is the Calendar showing USA off of Daylight Savings 0 replies

Does Europe do any kind of daylight savings? 3 replies

Attachments: Daylight Trading Strategy
Exit Attachments

Daylight Trading Strategy

  • #421
  • Jun 18, 2021 7:05am Jun 18, 2021 7:05am
fantastic results LauraT, I'm 192 pips up today on indices
  • #422
  • Jun 18, 2021 7:07am Jun 18, 2021 7:07am
Quoting Bazzza
fantastic results LauraT, I'm 192 pips up today on indices
Great to hear - well done!
  • #423
  • Jun 18, 2021 7:12am Jun 18, 2021 7:12am
Quoting LauraT
{quote} In general, I'd say choose currency pairs with decent ADR. The more volatility the better for this strategy.
Please Laura how do we know those pairs with decent ADR?
  • #424
  • Jun 18, 2021 7:18am Jun 18, 2021 7:18am
Quoting Glorybound
{quote} Please Laura how do we know those pairs with decent ADR?
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 469 downloads
Plan, Prepare, Execute, Repeat
  • #425
  • Jun 18, 2021 7:30am Jun 18, 2021 7:30am
Quoting swingtrade65
{quote} {file}
ST, I downloaded this indi but did not understand how to interpret it.
In my chart, I see ADR High and ADR Low. I still see PA going above
the adr high and below the adr low. Truly confused. I need help. Thank you.
  • #426
  • Jun 18, 2021 7:31am Jun 18, 2021 7:31am
Puts ADR value on the chart. Bigger ADR assets include GBP and JPY
Attached File(s)
File Type: ex4 atr_value_indicator.ex4   11 KB | 360 downloads
File Type: mq4 atr_value_indicator.mq4   3 KB | 382 downloads
  • #427
  • Jun 18, 2021 7:35am Jun 18, 2021 7:35am
Quoting 40PipsAlan
Puts ADR value on the chart. Bigger ADR assets include GBP and JPY {file} {file}
ADR and ATR, do they serve same purpose?
  • #428
  • Jun 18, 2021 7:35am Jun 18, 2021 7:35am
Quoting Glorybound
{quote} ADR and ATR, do they serve same purpose?
  • #429
  • Jun 18, 2021 7:37am Jun 18, 2021 7:37am
Quoting Glorybound
{quote} ST, I downloaded this indi but did not understand how to interpret it. In my chart, I see ADR High and ADR Low. I still see PA going above the adr high and below the adr low. Truly confused. I need help. Thank you.
This is the chart ADR indicator, 2 orange lines appear,when the ADR reaches max value for the day,you'll see bold thick RED lines compared to thin maybe dashed orange ones before,it simply means 100% ADR has been achieved for the day on a given instrument.....some traders use this as support and resistance,like a zone for retracement or trend continuation.....mainly an ''area of value''.

Eg: GBPUSD just crossed 100% ADR for today,those ADR lines should be RED
Attached Image (click to enlarge)
Click to Enlarge Name: a34ed7084e6fbcd2ec6069fc51ce5e8b.png Size: 70 KB
  • #430
  • Jun 18, 2021 7:57am Jun 18, 2021 7:57am
keep in mind its friday and friday often are trenddays, or "freighttrains" tooslow would call it;-)

ADR can easily go +150-200%
trading is like dancing, don't think and just listen to the music!
  • #431
  • Jun 18, 2021 8:10am Jun 18, 2021 8:10am
Quoting scsstnt
{quote} This is the chart ADR indicator, 2 orange lines appear,when the ADR reaches max value for the day,you'll see bold thick RED lines compared to thin maybe dashed orange ones before,it simply means 100% ADR has been achieved for the day on a given instrument.....some traders use this as support and resistance,like a zone for retracement or trend continuation.....mainly an ''area of value''. Eg: GBPUSD just crossed 100% ADR for today,those ADR lines should be RED{image}
Thank you, scsstnt. I have to study this - in the example you gave with GBP/USD, you said that the pair just crossed 100%. Is this 100% for the move
downwards or upwards or the average of the day's movement. Forgive me if my questions looks stupid...still learning!
  • #432
  • Jun 18, 2021 8:14am Jun 18, 2021 8:14am
Quoting Glorybound
{quote} Please Laura how do we know those pairs with decent ADR?
ADR, Weekly Range, Monthly Range

Take your pick

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-06-18_23-10-16.jpg Size: 578 KB
It takes a lot for me to IGNORE you, but you can try.
  • #433
  • Jun 18, 2021 8:20am Jun 18, 2021 8:20am
Quoting Erebus
{quote} ADR, Weekly Range, Monthly Range Take your pick {image}
Glorybound - easiest thing to do is look at Erebus' chart and the ADR20 column. Choose instruments that have higher figures than 70.

But, once you've done so, be careful about putting on multiple positions on the same currency at the same time. Less is more.
  • #434
  • Jun 18, 2021 8:21am Jun 18, 2021 8:21am
AUDUSD short. 1H aggressive mode.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 28 KB
  • #435
  • Jun 18, 2021 8:21am Jun 18, 2021 8:21am
Quoting LauraT
NZDUSD short. 4H aggressive. {image}
Laura please do not be offended. I need to understand this wonderful strategy
trusting it will help me recover all my losses in forex trading. THE CROSSES WE ARE
LOOKING FOR, IS IT WITH THE MAs - in the subwindow: the MAs crossing one another
above or below, or the MAs crossing the -50 line above or below?
  • #436
  • Jun 18, 2021 8:24am Jun 18, 2021 8:24am
Quoting Glorybound
{quote} Laura please do not be offended. I need to understand this wonderful strategy trusting it will help me recover all my losses in forex trading. THE CROSSES WE ARE LOOKING FOR, IS IT WITH THE MAs - in the subwindow: the MAs crossing one another above or below, or the MAs crossing the -50 line above or below?
It depends

All are correct, it depends which 'flavour' of the strategy you are using.

I am using the aggressive settings and trading crosses of the -50 line by the slow MA (red).

If you go back to the first post of the thread, I have linked to the relevant posts which explain the different options you have for trades.
  • #437
  • Jun 18, 2021 8:25am Jun 18, 2021 8:25am
Quoting Erebus
{quote} ADR, Weekly Range, Monthly Range Take your pick {image}
Netsrac?
Learn from your mistakes and march on.
  • #438
  • Jun 18, 2021 8:35am Jun 18, 2021 8:35am
GBPUSD short. 1H aggressive.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 30 KB
  • #439
  • Jun 18, 2021 8:37am Jun 18, 2021 8:37am
Quoting Erebus
{quote} ADR, Weekly Range, Monthly Range Take your pick {image}
Thank you Erebus. My goal now is to read this in the charts.
  • #440
  • Jun 18, 2021 8:37am Jun 18, 2021 8:37am
@Laura T, Kindly let me know your settings in the sub-window for 15 minutes time frame in aggressive mode, I know that we change the smoothed moving averages to 5 and 13 in one hour aggressive mode. Do we use the standard settings or we use the same settings in the one hour time frame?
Jakepuia
0 traders viewing now