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Daylight Trading Strategy

fantastic results LauraT, I'm 192 pips up today on indices
Quoting Bazzza
fantastic results LauraT, I'm 192 pips up today on indices
Great to hear - well done!
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?
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 | 323 downloads
Plan, Prepare, Execute, Repeat
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.
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 | 251 downloads
File Type: mq4 atr_value_indicator.mq4   3 KB | 261 downloads
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?
Quoting Glorybound
{quote} ADR and ATR, do they serve same purpose?
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
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!
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!
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
If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
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.
AUDUSD short. 1H aggressive mode.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 28 KB
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?
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.
Quoting Erebus
{quote} ADR, Weekly Range, Monthly Range Take your pick {image}
Netsrac?
You don't know because you don't ask.
GBPUSD short. 1H aggressive.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 30 KB
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.
@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
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