Daylight Trading Strategy | Page 34 | 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

  • #661
  • Jun 30, 2021 3:54am Jun 30, 2021 3:54am
Currently pyramiding short orders on Dax. Happening too quickly to keep updating charts but I'll update when I close out.
  • #662
  • Jun 30, 2021 4:02am Jun 30, 2021 4:02am
Quoting LauraT
{quote} Hi, Good question. I'm unsure how useful posting my trades are as they are often quite straightforward and dull. Part of the answer takes me back to Roadmap days and my Journal. I look at market structure primarily. In Daylight terms, I then look at the smoothed moving averages in the sub-window and see how they appear. In today's trades, I noticed that both market structure and the smoothed MAs were accommodative for further downside. I tend to not trade currencies too often these days. I also tend to limit my active short-term trades to...
i agree and also prefer the old roadmap more for my trading. it supports me in my orientation where we are.

in my eyes a proper analyses of what is left, S&R and trend feeling are the most important parts for longterm success.

i stay with my GU 1minute trading and again your introduced "approach" like daylight helps me a bit more to catch the train(s) each day.
trading is like dancing, don't think and just listen to the music!
  • #663
  • Jun 30, 2021 4:07am Jun 30, 2021 4:07am
Quoting birdland
{quote} i agree and also prefer the old roadmap more for my trading. it supports me in my orientation where we are. in my eyes a proper analyses of what is left, S&R and trend feeling are the most important parts for longterm success. i stay with my GU 1minute trading and again your introduced "approach" like daylight helps me a bit more to catch the train(s) each day.
I think you make an important distinction between Roadmap and Daylight. For the reasons you mentioned, I'd certainly encourage new readers of this thread to learn the basics of Roadmap first. As you say, it automatically forces you to think of the bigger picture, and to see current moves in context.
  • #664
  • Jun 30, 2021 4:31am Jun 30, 2021 4:31am
Update on Dax. I've been taking little chunks of profit as the instrument dropped. Total profit +313 points.

It's gone quiet now but watching closely in case we have a new leg down.

Attached Image (click to enlarge)
Click to Enlarge Name: Ger30Sb.png Size: 25 KB
  • #665
  • Jun 30, 2021 4:47am Jun 30, 2021 4:47am
Bought Dow at red arrow. Obviously a counter-trend trade, so I won't give it too much wiggle room.

Attached Image (click to enlarge)
Click to Enlarge Name: UsaIndSb921.png Size: 24 KB
  • #666
  • Jun 30, 2021 4:54am Jun 30, 2021 4:54am
Attached Image (click to enlarge)
Click to Enlarge Name: MUESTRA1.png Size: 44 KB

AUDCAD sell? To confirm the trade I use a template another template, which is more visual than Price action, but I use it with the same purpose.
Attached Image (click to enlarge)
Click to Enlarge Name: Muestra2.png Size: 73 KB
In that case, the template shows a clear downtrend at AUDCAD so if the agresive template give the chance, i'll take the trade. And as i'm trading with the trend, it's realistic going for 20-30 pips (I think).

Hope this helps. If anybody want, I'll share the template.
  • #667
  • Jun 30, 2021 5:16am Jun 30, 2021 5:16am
Out of Dow +41. Starting to struggle a little at Yesterday's Low.

I forgot to mention, it's worth grabbing the Yesterday's High/Low indicator from the Roadmap thread if you don't already use it. These levels are very important.

Attached Image (click to enlarge)
Click to Enlarge Name: UsaInd.png Size: 22 KB
  • #668
  • Jun 30, 2021 5:23am Jun 30, 2021 5:23am
Quoting PetroPol
{image} AUDCAD sell? To confirm the trade I use a template another template, which is more visual than Price action, but I use it with the same purpose. {image} In that case, the template shows a clear downtrend at AUDCAD so if the agresive template give the chance, i'll take the trade. And as i'm trading with the trend, it's realistic going for 20-30 pips (I think). Hope this helps. If anybody want, I'll share the template.
Hi PetroPol, thank you for this new strategy you just shared. I observed a number of arrows - green arrows pointing
upwards. Are they showing a bullish signal or what? Confused a bit, since you're shorting the pair!
You promised sharing the template - please I'm interested. Thank you.
  • #669
  • Jun 30, 2021 5:27am Jun 30, 2021 5:27am
Quoting Glorybound
{quote} Hi PetroPol, thank you for this new strategy you just shared. I observed a number of arrows - green arrows pointing upwards. Are they showing a bullish signal or what? Confused a bit, since you're shorting the pair! You promised sharing the template - please I'm interested. Thank you.
Please message him/her privately if you are interested in that template. It has nothing to do with Daylight and I don't want the thread to become full of distractions.

Thanks.
  • #670
  • Jun 30, 2021 6:56am Jun 30, 2021 6:56am
Good example of how price action can be traded in both directions on same day.

Please note that I'm currently using 5m charts in Standard mode. Price action lately has been more suited to Standard than Aggressive.

Attached Image (click to enlarge)
Click to Enlarge Name: Ger30Sb921M5.png Size: 30 KB
  • #671
  • Jun 30, 2021 7:03am Jun 30, 2021 7:03am
Quoting LauraT
Good example of how price action can be traded in both directions on same day. Please note that I'm currently using 5m charts in Standard mode. Price action lately has been more suited to Standard than Aggressive. {image}
You can only be net long or net short in the market, trading on both directions is impossible.
  • #672
  • Jun 30, 2021 7:09am Jun 30, 2021 7:09am
AUDCAD in a clear downtreand (H4).
Good trade today. Waiting for +20 pips, moving the SL to +5 pips.
I'm doing it in my real account but just with 0,01. I'll be increasing the lots with time.
-Want to thanks Laura for the system. Great contribution to FF (also with the Journal and the Roadmap). Really apreciate your work!

Attached Image (click to enlarge)
Click to Enlarge Name: Muestra3.png Size: 68 KB
  • #673
  • Jun 30, 2021 7:10am Jun 30, 2021 7:10am
Quoting LauraT
Good example of how price action can be traded in both directions on same day. Please note that I'm currently using 5m charts in Standard mode. Price action lately has been more suited to Standard than Aggressive. {image}
Hi Laura, is there any reason you have removed the 5MA channel from your standard charts?
Thanks.
All you touch and all you see, is all your life will ever be.
  • #674
  • Jun 30, 2021 7:21am Jun 30, 2021 7:21am
Quoting Loftboy
{quote} Hi Laura, is there any reason you have removed the 5MA channel from your standard charts? Thanks.
Hey,

Well spotted! I find I can envisage whether red or green would be on top by looking at price action, so decided to make my charts cleaner and remove them. They are still useful guides for those that require them though.
  • #675
  • Jun 30, 2021 7:30am Jun 30, 2021 7:30am
Quoting STrading
{quote} You can only be net long or net short in the market, trading on both directions is impossible.
You misunderstand.Maybe English is not your first language. In simple terms:
First trade is short. The next trade is long. ( Total of two trades)
Hope this helps.
every Saint has a past. Every Sinner has a Future
  • #676
  • Jun 30, 2021 7:33am Jun 30, 2021 7:33am
Quoting STrading
{quote} You can only be net long or net short in the market, trading on both directions is impossible.
Wow! Are you clever and thanks for opening my eyes!!
If it were not for you i would have been tempted to trade in both directions ON THE SAME DAY!! Thanks again you saved me a lot of money!! And now you can look for another thread to annoy, please!!
  • #677
  • Jun 30, 2021 7:33am Jun 30, 2021 7:33am
yeah I know. Well late to this party.
Attached Image (click to enlarge)
Click to Enlarge Name: 501c06e838041da223032a7c93a4dd25.png Size: 35 KB
  • #678
  • Jun 30, 2021 8:23am Jun 30, 2021 8:23am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 45 KB

+65 pips on GBPUSD
  • #679
  • Jun 30, 2021 9:25am Jun 30, 2021 9:25am
hey guys,

so am i right in saying that we use the ADR to determine roughly the better pairs to trade on the day ? if so would someone be able to give a brief description on what to look for on the ADR please... thank you in advance
  • #680
  • Jun 30, 2021 10:02am Jun 30, 2021 10:02am
Quoting EthanT
hey guys, so am i right in saying that we use the ADR to determine roughly the better pairs to trade on the day ? if so would someone be able to give a brief description on what to look for on the ADR please... thank you in advance
Yes and No......Yes, ADR can be helpful in selecting the pair(s) to trade. We need volatility to trade. Yes, ADR can help with an intraday trade for exits and to make sure that there is room for the trade to move. If a pair has used 90% of it's range already, probably not a lot left in it for the day. Finally No, if you are trading larger timeframes, ADR does not matter as much I dont think because you will be in for several days and each days range is somewhat irrelevant as long as it is not "abnormal" like extremely large or small
Plan, Prepare, Execute, Repeat
2 traders viewing now