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Daylight Trading Strategy

  • #1,221
  • Aug 10, 2021 8:47am Aug 10, 2021 8:47am
Dollar is rising like the sun and Gold is sinking like the titanic,below 1723.81,there could be danger for buyers stuck Wear 2 masks and be safe.My targets already hit.....

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  • #1,222
  • Aug 10, 2021 9:15pm Aug 10, 2021 9:15pm
Quoting j4yman
Just taken this trade on GBPAUD. My entry might be a little late but I figured the M15 was printing HH HL (besides recent swing low) and was in a nice uptrend on the H4 chart so I think this still has room on the upside. Thoughts? {image}
Hope you made some valuable pips up and downCheck the screenshots before and after.....

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  • #1,223
  • Aug 11, 2021 1:59am Aug 11, 2021 1:59am
Relaxed trading :-). Closed cad/jpy with 53 pip in green
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  • #1,224
  • Aug 11, 2021 6:12am Aug 11, 2021 6:12am
My 31pips , Gold M5, price closed above the channel followed by daylight, entered at open of next candle and sat on my hands, set my profit target looking at the 15min previous highs,
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  • #1,225
  • Edited 7:12am Aug 11, 2021 6:53am | Edited 7:12am
XAUUSD - 40+ pips,I had 8 position and went to sleep.....now 2 left running, HH,HL HH,HL thats the sequence.I didn't catch the deep pullback initially,would been the best buy today,ignore the fact that the channel is missing,i had switched charts,forgot to apply..... but the principle is the same Daylight trading,next post i will add the channel once more. Green horizontal lines are possible targets.

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  • #1,226
  • Aug 11, 2021 8:22am Aug 11, 2021 8:22am
XAUUSD again PRICELESS!- The Hunter becomes the hunted there is nothing shocking in this market I don't understand lol, 5 pip SL set

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  • #1,227
  • Aug 11, 2021 8:31am Aug 11, 2021 8:31am
Quoting scsstnt
XAUUSD again PRICELESS!- The Hunter becomes the hunted there is nothing shocking in this market I don't understand lol, 5 pip SL set {image}
awesome gold mining skill you got there
the cautious seldom err....C
  • #1,228
  • Aug 11, 2021 10:40am Aug 11, 2021 10:40am
Hi Laura,

I am new to the thread and found your Daylight strategy quite interesting. I read through all the posts in the last couple of days and am looking for some clarifications. If I consider the aggressive option, using the -50 bias approach, would I be right in entering a trade once the candle close closes outside the channel and the red line crosses the -50 line in the sub-window? Of course the closing outside the channel and crossing of the -50 line should be relevant to whether it is a buy or sell trade? If a daylight appears in the sub-window, but before the cross of the -50 line, do we need to wait till the -50 line is crossed?

Hope my question is clear.
Thanks
Dot
  • #1,229
  • Aug 11, 2021 11:13am Aug 11, 2021 11:13am
Think I got lucky on this EURAUD one. +177 covers today's other stopped out trades.
Lets call it a work in progress
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  • #1,230
  • Aug 11, 2021 11:29am Aug 11, 2021 11:29am
Quoting dot
Hi Laura, I am new to the thread and found your Daylight strategy quite interesting. I read through all the posts in the last couple of days and am looking for some clarifications. If I consider the aggressive option, using the -50 bias approach, would I be right in entering a trade once the candle close closes outside the channel and the red line crosses the -50 line in the sub-window? Of course the closing outside the channel and crossing of the -50 line should be relevant to whether it is a buy or sell trade? If a daylight appears in the sub-window,...
Hi,

If you are using the -50 bias (regardless of whether you are using standard or aggressive), you first of all take your bias from the sub-window and then wait for price to close on the correct side of the channel.

If daylight appears in the sub-window before it crosses the -50 line you can take an entry but then you wouldn't be trading with the -50 bias.

Hope this helps.
  • #1,231
  • Aug 11, 2021 1:33pm Aug 11, 2021 1:33pm
Quoting LauraT
{quote} Hi, If you are using the -50 bias (regardless of whether you are using standard or aggressive), you first of all take your bias from the sub-window and then wait for price to close on the correct side of the channel. If daylight appears in the sub-window before it crosses the -50 line you can take an entry but then you wouldn't be trading with the -50 bias. Hope this helps.
That’s very clear now. Many thanks.
Dot
  • #1,232
  • Aug 11, 2021 2:11pm Aug 11, 2021 2:11pm
Quoting pips29
{quote} awesome gold mining skill you got there
I spend my life online researching things and projects I can earn a dollar, since I lost my job last year during lockdown,boss can't afford to pay me and that is only excuse from him.Greed,Power,Money! Now ,I think it's a blessing in disguise he did the right thing,lol.....

PS: Im still long on Gold lol

Thank you p29.....much respect bro,keep safe
  • #1,233
  • Aug 11, 2021 2:14pm Aug 11, 2021 2:14pm
Quoting scsstnt
{quote} I spend my life online researching things and projects I can earn a dollar, since I lost my job last year during lockdown,boss can't afford to pay me and that is only excuse from him.Greed,Power,Money! Now ,I think it's a blessing in disguise he did the right thing,lol..... PS: Im still long on Gold lol Thank you p29.....much respect bro,keep safe
Sometimes you need your bridges burned for you.
  • #1,234
  • Aug 11, 2021 2:26pm Aug 11, 2021 2:26pm
Quoting lemercenaire
{quote} Sometimes you need your bridges burned for you.
one million % right bro
  • #1,235
  • Aug 11, 2021 2:34pm Aug 11, 2021 2:34pm
Quoting 40PipsAlan
Think I got lucky on this EURAUD one. +177 covers today's other stopped out trades. Lets call it a work in progress {image}
Thats a good innings only if you ask me,the only players you missing are..... Brian Lara,Curtly Ambrose and the three W's ,West Indies greatest and most feared cricketers...thats no luck at all...doing the same thing over and over with better results,its professionalism and not madness Keep it up

But where is your other side of the chart Alan? lol
  • #1,236
  • Aug 11, 2021 7:24pm Aug 11, 2021 7:24pm
Quoting scsstnt
XAUUSD again PRICELESS!- The Hunter becomes the hunted there is nothing shocking in this market I don't understand lol, 5 pip SL set {image}
That is insane! 5 pips stop loss?
Great stuff.
Dot
  • #1,237
  • Aug 11, 2021 7:40pm Aug 11, 2021 7:40pm
I am curious if anyone here has tried this strategy on a higher time frame, such as H4. If so, how much success have you had using it?
Learn from your mistakes and march on.
  • #1,238
  • Aug 12, 2021 12:25am Aug 12, 2021 12:25am
Quoting dot
{quote} That is insane! 5 pips stop loss? Great stuff.
Hey dot....I think I said the wrong thing earlier,its break even pips,moved the SL there and of course we know what gold always do,try taking you out,ever 5 pips SL its being hunted lol. SL at 100 as I speak and it just over 180 pips,final position.
  • #1,239
  • Aug 12, 2021 1:53am Aug 12, 2021 1:53am
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Faith with Action
  • #1,240
  • Aug 12, 2021 2:24am Aug 12, 2021 2:24am
XAUUSD
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