Day trade setup

You are welcome. Post your trade here, It will help you understand the system better.
Best of luck.

Thank you sir!

My US30 trade from last night is still under water I should have closed while in profit

entry was not accurate anyway I was expecting it will move lower took small risk

I didn't see anything today, it was uncertain for me as structure was up and then news moved too fast for me.

Nice entry on H4 based on your intuition!

NIce one

Lost this trade, But took position opposite side when it hit my SL, I recovered my lost amount

Can you elaborate why and how do you take this trade?

Yes, you are right, today in fact last few days we had nothing to trade in GJ.

Here is an example of good trade in Gold. although we don't usually trade gold, this is for educational purposes.
The price is below the weekly open line.
Price was above the daily open line after Breaking the high of the day price come back below the daily open line( SMC traders call it a liquidity grab), our EMA shows since the sell side flow.
price break the low of the day. As a trend trade, we could open sell after breaking the low.

See the picture you will understand better

I opened 3 trades in Us30 last day. one I took 1 to 1 RR profit, another I took 1 to 2 RR a little more profit. and the final one hit stop. so I generate some profit from us30 yesterday's trade.
It is ok to lose a trade because as long as we are losing systematically.

Best of luck

Actually, it was an intuition, but it was not a good trade. Just share I make mistakes too.
some of the mistakes will give you profit some of the good trades also make you lose. we are not perfect.
all we have to do is manage risk

From the pdf book


LIQUIDITY
The FOREX market is a zero sum game, which means that for a trader/institution to buy/sell 1 currency pair it's necessary that there is another trader/institution with an opposite position. If Smart Money (Banks) want to buy a currency pair they will need sellers in the market, the existing facility to place these positions In the market is called LIQUIDITY. The Liquidity is defined by Stop losses, where the Stop losses exist is where the liquidity also exists, Smart Money need to activate the stop losses of existing orders in the market so that they can place their positions in the market. The banks manipulate the price because of liquidity, but why? banks negotiate large trading volumes and sometimes find it difficult to find the other side of their trades, so they manipulate the price so that they can have their positions in the market.

LIQUIDITY TYPES
Buy Stops Liquidity (BSL)
Sell Stops Liquidity (SSL)

Buy Stops Liquidity (BSL)
The BSL is originated by Stop Losses of sell orders, after the BSL is taken, the market reverses to the downside, because banks use the BSL to place sell orders in the market.

What to focus on (for BSL)
PMH - Previous Month High
PWH - Previous Week High
PDH - Previous Day High
HOD - High Of Day
OLD HIGH - Swing High
EQUAL HIGHS = Retail Resistance

Sell Stops Liquidity (SSL)
The SSL is originated by Stop Losses of Buy orders, after the SSL is taken, the market reverses to the Upside, because banks use the SSL to place Buy orders in the market

What to focus on (for SSL)
PML - Previous Month Low
PWL - Previous Week Low
PDL - Previous Day Low
LOD - Low Of Day
OLD LOW - Swing Low
EQUAL LOWS = Retail Support

These are just a few concepts. Trade with a Day trade setups framework. you will generate a much better return.
Best of luck

use it if you like to

hi hasib

what is open level?

Hello korosh
Daily open, weekly and monthly open line

Best of luck

Trying to get some pips in small tf.
Trading small tf is always a risk.

I don't see any swing trade in H4 chart at the moment

one trade running Stop is 20 pips. Target is 150 pips.
I will let this trade hit stop

Today market is choppy. price above the daily open line. price is below the weekly and monthly open lines.
I close the trade. probably it will continue sideway

Price is showing a beautiful and predictive range.
If you go to M5 chart you will see your operative range is 40 to 45 pips