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Daylight Trading Strategy

  • #1,241
  • Aug 12, 2021 2:33am Aug 12, 2021 2:33am
Can we use this system in lower TF like M5-M15 ?>?
Telegram Channel : @Farich_ea
  • #1,242
  • Aug 12, 2021 3:49am Aug 12, 2021 3:49am
Quoting farhadnoei
Can we use this system in lower TF like M5-M15 ?>?
Read the thread! Look at the charts!
Example - The last page has a one minute chart.
Laura advises a minimum of 5 minutes for a lower time frame on forex.
Read the whole thread and her journal where basic questions such as yours have been answered countless times.
Traders here have there own variations.
If you put in some work, lots of time and demo then you will find what suits you.
Good luck
every Saint has a past. Every Sinner has a Future
  • #1,243
  • Aug 12, 2021 5:09am Aug 12, 2021 5:09am
Quoting farhadnoei
Can we use this system in lower TF like M5-M15 ?>?
And stop spamming here with your url link
every Saint has a past. Every Sinner has a Future
  • #1,244
  • Aug 12, 2021 8:18am Aug 12, 2021 8:18am
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Short on Gold 15TF : Got stopped out for 12pips
Short on AUDJPY 1HR: Unfortunately got stopped.
Short on NZDJPY 1HR: Still on..
Faith with Action
  • #1,245
  • Aug 12, 2021 9:33am Aug 12, 2021 9:33am
Quoting scsstnt
{quote} 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.
Ah, ok. Still conquering Gold is not easy. And you appear to be consistent at it.
I see that you do not use any long term MA to determine direction bias, so it based on Support & Resistance and structure as in HH, HL, LL, LH etc?
Dot
  • #1,246
  • Aug 12, 2021 11:47am Aug 12, 2021 11:47am
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EURUSD 5M buy trade. I use a very tight TSL due to job constraints
Faith with Action
  • #1,247
  • Aug 12, 2021 3:29pm Aug 12, 2021 3:29pm
Attachment gGBPUSD

Hi Laura,
Over the years I have used and tested hundreds of indicators/EAs but nothing comes close to your simple setup. Thanks again for making my life easier, I have always had high blood pressure from Monday to Friday, its seems like you just saved my life.

For the Chart I posted its GBP/USD Tick 1000, I took a sell since yesterday and I added two more sells today since the downtrend is still strong, I have been trailing wth a stop and currently they are at 64,37, and 6 pips.
Every trader has his own style of trading but I prefer if I am wrong I lose a single trade. If I am right I really ride the trend multiple times.

I used Exponential Moving Average instead on both the main chart and W%R window.

So whats your view on using the Tick Chart and EMA?
Thanks
  • #1,248
  • Aug 12, 2021 3:38pm Aug 12, 2021 3:38pm
Quoting jamzzz
4011888GBPUSD Hi Laura, Over the years I have used and tested hundreds of indicators/EAs but nothing comes close to your simple setup. Thanks again for making my life easier, I have always had high blood pressure from Monday to Friday, its seems like you just saved my life. For the Chart I posted its GBP/USD Tick 1000, I took a sell since yesterday and I added two more sells today since the downtrend is still strong, I have been trailing wth a stop and currently they are at 64,37, and 6 pips. Every trader has his own style of trading...
Hi,

Glad I'm helping your blood pressure

Unfortunately your attachment isn't working.
  • #1,249
  • Aug 12, 2021 4:10pm Aug 12, 2021 4:10pm
I think its working now
Attached Image (click to enlarge)
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  • #1,250
  • Aug 12, 2021 4:32pm Aug 12, 2021 4:32pm
Quoting jamzzz
I think its working now {image}

Thanks. Now I see.

I'm not surprised it also seems to work fine on a tick chart as the principles should apply just the same. Especially when your tick chart isn't set to too low a number.

Also, nice trade management. I agree with you - adding to winning trades to press home the occasions when you are correct is very sensible.
  • #1,251
  • Aug 12, 2021 6:13pm Aug 12, 2021 6:13pm
Quoting here2there
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?
H4 accuracy + patience = success sure it can
  • #1,252
  • Aug 12, 2021 8:43pm Aug 12, 2021 8:43pm
Quoting here2there
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?
I have but not much though. If you have patience to wait for at up on 4h you will get some good trades.
  • #1,253
  • Aug 13, 2021 2:31am Aug 13, 2021 2:31am
Quoting turnip15
{quote} Read the thread! Look at the charts! Example - The last page has a one minute chart. Laura advises a minimum of 5 minutes for a lower time frame on forex. Read the whole thread and her journal where basic questions such as yours have been answered countless times. Traders here have there own variations. If you put in some work, lots of time and demo then you will find what suits you. Good luck
Read the thread? What is this sorcery?
All you touch and all you see, is all your life will ever be.
  • #1,254
  • Aug 13, 2021 3:01am Aug 13, 2021 3:01am
@jamzzz,
what are your settings in the indicator below, Williams is 14 and the rest?
  • #1,255
  • Aug 13, 2021 4:01am Aug 13, 2021 4:01am
Quoting TheG-Lover
{quote} Here you go with indicators for ThinkorSwim platform (Dark Format): Here is the indicator for the Moving Averages http://tos.mx/hRJJOix Here are the indicators for the Williams %R http://tos.mx/BKEv3rZ Here is what they should look like: {image}
Hello,

I tried to open the shared indicators but it is saying it cannot be opened. can you post the script?
  • #1,256
  • Aug 13, 2021 5:16am Aug 13, 2021 5:16am
Quoting helene1
@jamzzz, what are your settings in the indicator below, Williams is 14 and the rest?
1. I used Williams 14 as you noticed but set to Invisible
then I added EMAs to the Williams window
2. EMA 9 Colored Green
3. EMA 21 Colored Red

But its not the holy Grail just a high probabilty setup
  • #1,257
  • Aug 13, 2021 7:34am Aug 13, 2021 7:34am
Quoting here2there
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?
Trade mostly on higher TF.....1 hr min and mostly 4hr and Daily. Very good method for these higher timeframes.
Plan, Prepare, Execute, Repeat
  • #1,258
  • Aug 13, 2021 9:27am Aug 13, 2021 9:27am
Still keeping up with my Gold M5, don't know if I am lucky but seems am getting it weirdly right. 90pips.
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  • #1,259
  • Aug 13, 2021 10:03am Aug 13, 2021 10:03am
@jamzzz, thank you, i know, but this setting has a good smooth run, that's why the question
  • #1,260
  • Aug 13, 2021 10:26am Aug 13, 2021 10:26am
Quoting swingtrade65
{quote} Trade mostly on higher TF.....1 hr min and mostly 4hr and Daily. Very good method for these higher timeframes.
Hi swingtrade65,

I am interested to learn more on how you approach your trading on higher time frame i.e. entry and trade management. I find the drawdown difficult to handle and then to manage it till it gets to the intended target. Do you look at any charts lower than 1 hour at all? Do you use lower time frames to enter the trade at better price and so on.

Thanks
Dot
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