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Attachments: Daylight Trading Strategy
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Daylight Trading Strategy

  • #981
  • Jul 21, 2021 3:14am Jul 21, 2021 3:14am
Quoting LauraT
Things to note: 1. The dashed line is the previous day's high. Notice the clear rejection of that level. 2. Because of that rejection, I anticipated my first short entry before the actual cross and before daylight existed. 3. Added once my original position was safely in decent profit.
Hi . . .if MT4 doesn't have one, could someone recommend an ADR indicator (for days HI and LO) ? Thanks
  • #982
  • Jul 21, 2021 3:28am Jul 21, 2021 3:28am
Quoting Canterco
{quote} Hi . . .if MT4 doesn't have one, could someone recommend an ADR indicator (for days HI and LO) ? Thanks
Here u go
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 274 downloads
File Type: ex4 !SM_Daily_HiLo.ex4   3 KB | 251 downloads
  • #983
  • Jul 21, 2021 6:15am Jul 21, 2021 6:15am
XAUUSD - entry and possible target lower 1801-1795

The price of gold and silver is highly correlated (inverse correlation) with the US Treasury bond yields.Yesterday,government bond yields increased in price,which caused the fall of gold.But the current US monetary policy has a negative effect on the government bond yields.That's the reason why investors are confident that the prices for precious metals will continue to rise, at least until the Fed meeting in August. Happy Trading!
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  • #984
  • Jul 21, 2021 6:28am Jul 21, 2021 6:28am
There's higher correction coming for US10Y and if price goes up and close above the channel,Gold will fall even more.
Similar story for DXY as seen
For all those who about to trade,I salute you!

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  • #985
  • Jul 21, 2021 6:45am Jul 21, 2021 6:45am
. . .currently in a Gold short . . I need more stats to push it down further !
  • #986
  • Jul 21, 2021 7:13am Jul 21, 2021 7:13am
Quoting Canterco
. . .currently in a Gold short . . I need more stats to push it down further !
Interesting to know what more is required.......you have a successful daylight trading system with swingtrade65 explaining something really important yesterday,now I give extra info to transact GOLD using fundamental analysis/correlation...hmmm......put everything together and think,thats all. You have everything right here.
  • #987
  • Jul 21, 2021 7:14am Jul 21, 2021 7:14am
Attached Image (click to enlarge)
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Nice little trade on the Dow.
  • #988
  • Jul 21, 2021 7:28am Jul 21, 2021 7:28am
Quoting scsstnt
{quote} Interesting to know what more is required.......you have a successful daylight trading system with swingtrade65 explaining something really important yesterday,now I give extra info to transact GOLD using fundamental analysis/correlation...hmmm......put everything together and think,thats all. You have everything right here.
Hi Scsstnt . . .yes it is a good strategy, with great inputs along the way (appreciated) . . .just my warped sense of humour : )
  • #989
  • Jul 21, 2021 8:16am Jul 21, 2021 8:16am
Quoting Canterco
{quote} Hi Scsstnt . . .yes it is a good strategy, with great inputs along the way (appreciated) . . .just my warped sense of humour : )
Yup,,,it is :-) ok I hear you lol......encourage more to join this herd its the one to follow,let them know jumping from one strategy to the next after 5-7 losses in a row not the right thing to do,one thing we can guarantee is to lose,got to accept that. As we know many people end up this way eventually quitting forex.But,Never give up! Spend time gaining more experience along the way we did academically from primary to tertiary education,from carrying heavy school bags and lunch kits as kids to emailing now your coursework to colleges and universities etc. Say hello to your family for me from little twin island Trinidad & Tobago.

9pm to 5am curfew here,yesterday all restaurants and street food now re-open on Monday,today I'm driving on a food tour :-)
China sent us 1.1 million sinopharm for a population of 1.4 million

Australia ''down under'' beautiful country.Keep safe.
Happy Trading!
  • #990
  • Jul 21, 2021 10:10am Jul 21, 2021 10:10am
CJ Long for +52. A few small losses today probably trail stop too tight but got a few good ones as well after NY open.
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  • #991
  • Edited 11:01am Jul 21, 2021 10:16am | Edited 11:01am
USDCAD SHORT..............

Bonus trade...........bonus trade......because it wasn't the usually -50 levels cross.

Reasons for taken the trade:
1. The big breakout candle from the channel.
2. The slope of the channel.
3. The wide Daylight.
4. TP reached.


Happy trading

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Time always comes before price
  • #992
  • Jul 21, 2021 10:21am Jul 21, 2021 10:21am
GJ Long +26. Seem to be getting to the party late every time.
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  • #993
  • Jul 21, 2021 10:30am Jul 21, 2021 10:30am
+34

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Plan, Prepare, Execute, Repeat
  • #994
  • Edited 11:01am Jul 21, 2021 10:32am | Edited 11:01am
CADJPY LONG..............

Bonus trade...........bonus trade......because it wasn't the usually -50 levels cross.

Reasons for taken the trade:
1. The big breakout candle from the channel.
2. The slope of the channel.
3. The Daylight.
4. TP reached.


Happy trading

Attached Image (click to enlarge)
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Time always comes before price
  • #995
  • Jul 21, 2021 10:35am Jul 21, 2021 10:35am
Quoting swingtrade65
+34 {image}
I managed +12 on AJ
  • #996
  • Jul 21, 2021 10:40am Jul 21, 2021 10:40am
In this one....we will see how it works out

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Plan, Prepare, Execute, Repeat
  • #997
  • Jul 21, 2021 11:09am Jul 21, 2021 11:09am
AUDUSD on 1H for +20 Pips

Thanks to fxrabbi for sharing the strategy. I was able to capture this because of break out candle, cross over 50 and wide day light.

I probably exited early but I am working on it :-)

Attached Image (click to enlarge)
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  • #998
  • Jul 21, 2021 12:20pm Jul 21, 2021 12:20pm
Quoting Piphunter40
AUDUSD on 1H for +20 Pips Thanks to fxrabbi for sharing the strategy. I was able to capture this because of break out candle, cross over 50 and wide day light. I probably exited early but I am working on it :-) {image}
Nice trade. Nothing but good can come from 20 pip profits....confidence, experience and larger bankroll.
Remember, the only way to get 30 or 40 pips is to hold when you have 20! Sometimes it works out and other times not so much.
Plan, Prepare, Execute, Repeat
  • #999
  • Jul 21, 2021 1:14pm Jul 21, 2021 1:14pm
EJ long for +23.
H1 signal and drop to M5 to get in. Nice technique Swingtrade65. I just need a bit more polishing.
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  • #1,000
  • Jul 21, 2021 1:16pm Jul 21, 2021 1:16pm
Quoting fxrabbi
CADJPY LONG.............. Bonus trade...........bonus trade......because it wasn't the usually -50 levels cross. Reasons for taken the trade: 1. The big breakout candle from the channel. 2. The slope of the channel. 3. The Daylight. 4. TP reached. Happy trading {image}
hey fxrabbi, do you target a specific pip amount your tp or do you have another way which you determine the target for your trades ?
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