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Daylight Trading Strategy

  • #1,321
  • Aug 19, 2021 10:41am Aug 19, 2021 10:41am
not as ambitious as yours but fairly decent if it gets hit by the end of this week
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the cautious seldom err....C
  • #1,322
  • Aug 19, 2021 10:46am Aug 19, 2021 10:46am
Quoting pips29
pending sell was just triggered {image}
taking a piece out and moving the stop lower
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the cautious seldom err....C
  • #1,323
  • Edited 1:50am Aug 20, 2021 1:26am | Edited 1:50am
Quoting scsstnt
{quote} Still reading your post.....I am uploading the framework for this trading system I am able to help anyone to prepare their charts for daylight from scratch,drop the indicators now and see the magic {image}{image}{image}
I am working on almost the same way of trading, only the difference I look for Support/Resistance on daily TF and then go to lower TF preferably H1 for entry. The only problem I am facing is the confirmation on lower TF as I am trading from mobile so EMAs on lower chart window are not showing correctly, so I am currently using BBMA for confirmation, those who are trading from PC/laptop may use this strategy as strong confirmation for entry.
Now I take the example of same trade..
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  • #1,324
  • Aug 20, 2021 2:00am Aug 20, 2021 2:00am
Gold +65. nice
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  • #1,325
  • Aug 20, 2021 2:01am Aug 20, 2021 2:01am
anyone in this trade
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the cautious seldom err....C
  • #1,326
  • Aug 20, 2021 2:02am Aug 20, 2021 2:02am
Quoting 40PipsAlan
Gold +65. nice {image}
some gold mining skill there,Alan
the cautious seldom err....C
  • #1,327
  • Aug 20, 2021 2:28am Aug 20, 2021 2:28am
Quoting pips29
anyone in this trade {image}
As it's Friday, I take profits early and keep my trades safe asap
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the cautious seldom err....C
  • #1,328
  • Aug 20, 2021 3:30am Aug 20, 2021 3:30am
Time to close this one, would like to close it before weekend. Not much but profit is profit.
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  • #1,329
  • Aug 20, 2021 3:33am Aug 20, 2021 3:33am
Friday is closing day for me :-). Another 37 pip to the bank
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  • #1,330
  • Aug 20, 2021 3:35am Aug 20, 2021 3:35am
And last one, had an amazing week, tx Laura
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  • #1,331
  • Aug 20, 2021 5:31am Aug 20, 2021 5:31am
Started trying this strategy with already 4-1 trade on plus side.

Posting a live trade now
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Taken a buy order at 0.91794 with SL at 0.91694 and TP at 0.91894
  • #1,332
  • Aug 20, 2021 6:05am Aug 20, 2021 6:05am
Another set up in 30 minutes chart for USDJPY
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BUY at 109.785 with SL 109.685 and TP at 109.885
  • #1,333
  • Aug 20, 2021 6:33am Aug 20, 2021 6:33am
Both previous order closed at SL
Will wait for another set up to form. Lets see how this works out.
  • #1,334
  • Aug 20, 2021 6:57am Aug 20, 2021 6:57am
Quoting Mayur90
Both previous order closed at SL Will wait for another set up to form. Lets see how this works out.
Your stops are way too tight....Stops are for emergencies....
You still have to manage the trade, this is not set and forget.


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Plan, Prepare, Execute, Repeat
  • #1,335
  • Aug 20, 2021 6:59am Aug 20, 2021 6:59am
Quoting Mayur90
Both previous order closed at SL Will wait for another set up to form. Lets see how this works out.
A bit tight SL mate
  • #1,336
  • Aug 20, 2021 7:10am Aug 20, 2021 7:10am
Quoting swingtrade65
{quote} Your stops are way too tight....Stops are for emergencies.... You still have to manage the trade, this is not set and forget. {image}
Thanks for your feedback
My strategy is to try for Risk to Reward of 1:1 so 100 pips on either side for my exit.
My USDJPY trade is still live as another trade from another strategy got exit on SL.

That trade is about to hit TP.
Also at this moment, I am just learning to see how this tight SL and TP strategies work.
Taken another trade on USDCAD on 1 HR timeframe

Sell at 1.28585 with SL at 1.28685 and TP at 1.28485
Reason for entry - Daylight with last candle closing below the green line.
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  • #1,337
  • Aug 20, 2021 7:53am Aug 20, 2021 7:53am
When you trade with an indicator type system you must have a reason for taking trades accurately and thats your basic framework in trading.......


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  • #1,338
  • Aug 20, 2021 8:07am Aug 20, 2021 8:07am
Quoting pundit78
{quote} I am working on almost the same way of trading, only the difference I look for Support/Resistance on daily TF and then go to lower TF preferably H1 for entry. The only problem I am facing is the confirmation on lower TF as I am trading from mobile so EMAs on lower chart window are not showing correctly, so I am currently using BBMA for confirmation, those who are trading from PC/laptop may use this strategy as strong confirmation for entry. Now I take the example of same trade.. {image} {image} {image}
Good news man,this is excellent way of trading.Get a PC/laptop thats the true way of having full trading experience with visible analysis on bigger screen.
Very rare do I look at Daily,maybe just a glance but my main trading occurs from H1 down at time H4 necessary.......I have a unique way to frame my charts,i mean every knows swing points,but there is an edge on when i draw my zones,never seen anyone in the world show it neither explain,maybe its a secret lol.

I have drawn zones on gold and trapped price respecting all levels each time from H1 as you see here,taking M1/M5 entries you get into price action........

I like daylight system its probably the best on FF not forgetting Roadmap too ,adds important confluence to one's existing analysis.I will trying posting often and show what may happen before it does...I framed AUDNZD,you could see price stays down and reached inside the rectangular box and thats could be a target for those guys who trade that pair. Keep good and in contact Pundit78
  • #1,339
  • Aug 20, 2021 8:19am Aug 20, 2021 8:19am
Quoting pundit78
{quote} I am working on almost the same way of trading, only the difference I look for Support/Resistance on daily TF and then go to lower TF preferably H1 for entry. The only problem I am facing is the confirmation on lower TF as I am trading from mobile so EMAs on lower chart window are not showing correctly, so I am currently using BBMA for confirmation, those who are trading from PC/laptop may use this strategy as strong confirmation for entry. Now I take the example of same trade.. {image} {image} {image}
Why you added Bollinger? BBMA is another strategy,you should stick to Daylight,lol...those 2 charts above are enough,use a confirmation chart that acquire the use of candlesticks only and then drop daylight on,you'll see magical things happen,I'm sure that Laura does her analysis too without trading this system blindly,nobody does.She explain fully in her journal about market structure,go take a read of her Journal from start to end.....thats why she's successful and can also be an excellent teacher.
  • #1,340
  • Aug 20, 2021 5:23pm Aug 20, 2021 5:23pm
Quoting scsstnt
{quote} Good news man,this is excellent way of trading.Get a PC/laptop thats the true way of having full trading experience with visible analysis on bigger screen. Very rare do I look at Daily,maybe just a glance but my main trading occurs from H1 down at time H4 necessary.......I have a unique way to frame my charts,i mean every knows swing points,but there is an edge on when i draw my zones,never seen anyone in the world show it neither explain,maybe its a secret lol. I have drawn zones on gold and trapped price respecting all levels each time...
Thanks scsstnt, I do have laptop and PC but do not use it due to job commitments. I am finding a way for confirmation on mobile, this is device I can access everytime, everywhere.
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