Daylight Trading Strategy | Page 25 | 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

  • #481
  • Jun 20, 2021 5:55am Jun 20, 2021 5:55am
To further make the point, here are 3 charts from Friday.

I've added a Smoothed 100-period MA to each chart. Should we be taking longs, shorts or both from these pairs? The answers are hopefully obvious.

Using this MA is just one way you can be aware of the bigger picture. As I said previously, I do hope to have a tool which will make this much easier in the near future.

Attached Image (click to enlarge)
Click to Enlarge Name: bias3.png Size: 43 KB
Attached Image (click to enlarge)
Click to Enlarge Name: bias2.png Size: 47 KB
Attached Image (click to enlarge)
Click to Enlarge Name: bias1.png Size: 41 KB
  • #482
  • Jun 20, 2021 7:18am Jun 20, 2021 7:18am
Quoting LauraT
To further make the point, here are 3 charts from Friday. I've added a Smoothed 100-period MA to each chart. Should we be taking longs, shorts or both from these pairs? The answers are hopefully obvious. Using this MA is just one way you can be aware of the bigger picture. As I said previously, I do hope to have a tool which will make this much easier in the near future. {image}{image}{image}
Similar to Roadmap. In other words the Williams 50 cross could be used to replace the RSI indi on Roadmap. I think Roadmap is a good place to start, because you look out for obvious s & r, trendlines etc. Once you have decided there is tradeable 'space' on the chart, then it seems the 200 SMA cross or bounce has some sort of edge, to which it seems the 50 cross might increase probability that much more.

Interested to see your upcoming tool for bias.....
  • #483
  • Jun 20, 2021 5:03pm Jun 20, 2021 5:03pm
GBPUSD short. 15m aggressive version.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 31 KB
  • #484
  • Jun 20, 2021 8:21pm Jun 20, 2021 8:21pm
+209 Dow short. 15m aggressive mode.

Attached Image (click to enlarge)
Click to Enlarge Name: UsaIndSb921M15.png Size: 32 KB
  • #485
  • Jun 20, 2021 9:43pm Jun 20, 2021 9:43pm
So far so good
Attached Image (click to enlarge)
Click to Enlarge Name: DE30M15.png Size: 40 KB
Jakepuia
  • #486
  • Jun 20, 2021 11:26pm Jun 20, 2021 11:26pm
+77 GBPJPY short. 30m aggressive.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 23 KB
  • #487
  • Jun 21, 2021 12:35am Jun 21, 2021 12:35am
+70 Gold short. 5m aggressive mode.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLD-sbM5.png Size: 35 KB
  • #488
  • Jun 21, 2021 1:00am Jun 21, 2021 1:00am
XAGUSD 15m Angry Mode
Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSDM15.png Size: 74 KB
From tiny pips mighty oaks grow
  • #489
  • Jun 21, 2021 2:52am Jun 21, 2021 2:52am
Quoting Boo15
XAGUSD 15m Angry Mode {image}

Does that currency dashboard up there on your chart switch you to the currency you click on, but still maintaining the setup on your chart. Like for example, you have this daylight setup, when you click on another currency, does it still maintain the daylight setup but for the new currency?
If yes, kindly share.
  • #490
  • Jun 21, 2021 4:09am Jun 21, 2021 4:09am
I've added a Currency strenght indicator, which I think it can help to avoid false trades. I'm opening a trade just when the difference betwen the currencies are 3.0 or more. I'll let you know if that's useful in at least two weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: MUESTRA1.png Size: 80 KB
  • #491
  • Jun 21, 2021 5:00am Jun 21, 2021 5:00am
Dax long, 15pts scalp.
I was watching M1 because I noticed a consolidation forming. There were quite a few signals previously (on that TF), but the bias was long as they all took place above the -50 level. The signal just at my entry was the breakout.

Attached Image (click to enlarge)
Click to Enlarge Name: Dax.PNG Size: 41 KB
  • #492
  • Jun 21, 2021 5:05am Jun 21, 2021 5:05am
Quoting LauraT
Achal's post above reminds me to mention something. We cannot, and should not, blindly follow every signal we get. Whether you use market structure, higher timeframe analysis or something else, the aim should always be to form a bias and wait for opportunities that agree with your bias. No strategy will give you 'buy here' type signals that magically deliver profit every time. Daylight is no different in that respect. All we can do is try to stack the probabilities in our favour. We do this by taking setups that we believe, over the long run, will...
"...I hope, very soon, there will be an additional tool which will greatly assist in quickly performing this analysis. Until then, please do try to be aware of the bigger picture at all times." Thanks a million Laura for this million dollar worth of advice.
  • #493
  • Jun 21, 2021 5:08am Jun 21, 2021 5:08am
Quoting LauraT
+77 GBPJPY short. 30m aggressive. {image}
Hi, is that a normal WPR indicator or modified?
Bot = No emotion
  • #494
  • Jun 21, 2021 5:13am Jun 21, 2021 5:13am
Quoting LauraT
To further make the point, here are 3 charts from Friday. I've added a Smoothed 100-period MA to each chart. Should we be taking longs, shorts or both from these pairs? The answers are hopefully obvious. Using this MA is just one way you can be aware of the bigger picture. As I said previously, I do hope to have a tool which will make this much easier in the near future. {image}{image}{image}
Is this Smoothed 100-period MA set to open/close/high/low?
  • #495
  • Jun 21, 2021 5:33am Jun 21, 2021 5:33am
Quoting Glorybound
{quote} Is this Smoothed 100-period MA set to open/close/high/low?
100 Smoothed set to Close.
  • #496
  • Jun 21, 2021 5:35am Jun 21, 2021 5:35am
Quoting LauraT
{quote} 100 Smoothed set to Close.
Thank you.
  • #497
  • Jun 21, 2021 6:54am Jun 21, 2021 6:54am
Another long scalp on Dax. M1 aggro, my entry was a bit late vs the signal (green arrow), but I wasn't at my screen. Still liked the short-term setup.

Attached Image (click to enlarge)
Click to Enlarge Name: Dax.PNG Size: 40 KB
  • #498
  • Jun 21, 2021 7:25am Jun 21, 2021 7:25am
Quoting Mr.B0tfx
{quote} Hi, is that a normal WPR indicator or modified?
Hi,

It's Smoothed Moving Averages of WPR.
  • #499
  • Jun 21, 2021 7:31am Jun 21, 2021 7:31am
Quoting LauraT
{quote} Hi, It's Smoothed Moving Averages of WPR.
Is it possible get a copy? Thanks a lot in advance.
Bot = No emotion
  • #500
  • Jun 21, 2021 7:51am Jun 21, 2021 7:51am
original sell signal on the 15 minute chart - Now the 30 min. has a signal - confirmation??
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 27 KB
2 traders viewing now