Sorry this trade has not much to do with "Daylight" system, but couldn't resist ...
- #821
- Jul 7, 2021 6:51am Jul 7, 2021 6:51am
- Joined Jan 2016 | Status: I am not a trader | 1,238 Posts
- #822
- Jul 7, 2021 6:55am Jul 7, 2021 6:55am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
I dont use this system but look in from time to timetry adding this indi to show trending or consolidating between lines in consolidating. {file}
However, I recommend anyone using it changes the trigger levels to 0.15 as the default is too sensitive.
- #823
- Jul 7, 2021 7:01am Jul 7, 2021 7:01am
- Joined Jan 2016 | Status: I am not a trader | 1,238 Posts
This is my results for June 2021 using Laura T Daylight System.
Thank You Laura ...
Stay Green
Thank You Laura ...
Stay Green
- #826
- Jul 7, 2021 7:17am Jul 7, 2021 7:17am
- Joined Jan 2016 | Status: I am not a trader | 1,238 Posts
- #827
- Jul 7, 2021 7:40am Jul 7, 2021 7:40am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
Having a go on this one too. EN H1 chart {image}
- #828
- Jul 7, 2021 8:22am Jul 7, 2021 8:22am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Hi Laura, a great entry method, can you tell me the atr multiple you use in the m15 timeframe? . If it's already profitable, will you move SL to BE? I am using 2xAtr to determine TP. Thanks you,Laura {image}
I'm probably the worst person to answer this as my trade management style isn't very conventional
I don't use ATR for my TP or SL as I believe each market situation is unique. I try to take as much as I can from each move I participate in, with one eye on the exit door.
I also am not a fan of moving stops to breakeven. I believe we should try to get paid for every trade we take and I prefer to lock in a small profit. However, it's important not to do this too quickly as a trade should be given breathing room and a tight stop is just asking to be hit.
This is just my approach though, I'm sure others are different.
- #829
- Jul 7, 2021 8:24am Jul 7, 2021 8:24am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
{quote} EN Kicked me out for +53
Well done.
- #832
- Jul 7, 2021 9:25am Jul 7, 2021 9:25am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Trade I just closed out on Oil.
I had noticed earlier in the day that the short-term moving average was below the long-term. I had to wait until the break of structure before getting in though.
Once in, the rough target became Yesterday's Low. I actually missed where I intended to exit (on the spike below Yesterday's Low) but got out on the following bar at a slightly worse price.
I had noticed earlier in the day that the short-term moving average was below the long-term. I had to wait until the break of structure before getting in though.
Once in, the rough target became Yesterday's Low. I actually missed where I intended to exit (on the spike below Yesterday's Low) but got out on the following bar at a slightly worse price.
- #835
- Jul 7, 2021 10:47am Jul 7, 2021 10:47am
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
Took this one this morning on the H4. -50 crossover with bounce off the SMA100. Nice cup and handle structure.
- #836
- Jul 7, 2021 1:28pm Jul 7, 2021 1:28pm
- Joined Aug 2018 | Status: Trader | 1,458 Posts
FOMC Party
XAUUSD - last man standing
- #838
- Jul 8, 2021 5:48am Jul 8, 2021 5:48am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
Today there were so many good signals..I would love to take them all.
every Saint has a past. Every Sinner has a Future
- #839
- Jul 8, 2021 5:57am Jul 8, 2021 5:57am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
Managed to get on this one. GJ
My trail stop EA needs a tweak to something better.
GJMy trail stop EA needs a tweak to something better.
- #840
- Edited 7:48am Jul 8, 2021 7:22am | Edited 7:48am
- Joined Oct 2007 | Status: Thanking GOD for today | 1,108 Posts
I decided to just post a batch of this weeks/months trades at one time since they are 4hr trades.
EURUSD. Sold at the top of the channel for a quick short +34
AUDJPY. Easy shorts under the 200sma. There are actually 2 trades on this chart. First one +93 2nd closed last night..+133
EURJPY. Another easy sell under the 200sma +116
EURCAD Same trade as EURUSD from above +38
CHFJPY Got taken out during 5pm NY hour when spreads widen and I didn't adjust my stops for it +8
Forgot the CADJPY....another short that was a retracement back into the channel +95
EURUSD. Sold at the top of the channel for a quick short +34
AUDJPY. Easy shorts under the 200sma. There are actually 2 trades on this chart. First one +93 2nd closed last night..+133
EURJPY. Another easy sell under the 200sma +116
EURCAD Same trade as EURUSD from above +38
CHFJPY Got taken out during 5pm NY hour when spreads widen and I didn't adjust my stops for it +8
Forgot the CADJPY....another short that was a retracement back into the channel +95
Plan, Prepare, Execute, Repeat