Sorry this trade has not much to do with "Daylight" system, but couldn't resist ...
BN
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,274 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.
- Joined Jan 2016 | Status: Member | 913 Posts
This is my results for June 2021 using Laura T Daylight System.
Thank You Laura ...
Stay Green
Thank You Laura ...
Stay Green
BN
- Joined Apr 2019 | Status: Member | 1,221 Posts
Having a go on this one too. EN H1 chart {image}
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,274 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.
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,274 Posts
{quote} EN Kicked me out for +53
Well done.
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,274 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.
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,156 Posts
Took this one this morning on the H4. -50 crossover with bounce off the SMA100. Nice cup and handle structure.
- Joined Sep 2006 | Status: Member | 7,268 Posts
Today there were so many good signals..I would love to take them all.
- Joined Apr 2019 | Status: Member | 1,221 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.
- Joined Oct 2007 | Status: Member | 1,353 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