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Day trade setup

  • #261
  • Mar 15, 2023 11:25pm Mar 15, 2023 11:25pm
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MA provides the market's current direction and strength.
  • #262
  • Mar 16, 2023 1:09am Mar 16, 2023 1:09am
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MA provides the market's current direction and strength.
  • #263
  • Mar 16, 2023 1:12am Mar 16, 2023 1:12am
Trading this buy conditions with Day trade setups is become very easy

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MA provides the market's current direction and strength.
  • #264
  • Mar 16, 2023 1:13am Mar 16, 2023 1:13am
SORRY HASIB if i may express amy opinion about trading,its not trend following,its bookish crap,they wnat to trap us in beliefs to condition our minds.the market is ranging most of the time and when we follow the trend ,a spike will spoil the trend.

so the best part is to hedge and manage your trade and avoid being on top of trade all the time.we become obsessive compulsive and slave to the screen.
  • #265
  • Mar 16, 2023 1:20am Mar 16, 2023 1:20am
Quoting T4Trade
SORRY HASIB if i may express amy opinion about trading,its not trend following,its bookish crap,they wnat to trap us in beliefs to condition our minds.the market is ranging most of the time and when we follow the trend ,a spike will spoil the trend. so the best part is to hedge and manage your trade and avoid being on top of trade all the time.we become obsessive compulsive and slave to the screen.
we have different trading models for different market conditions. for trending, we have this model. we apply this for trending conditions.
for the Ranging market we have Supply and demand and Key level model.
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MA provides the market's current direction and strength.
  • #266
  • Mar 16, 2023 2:03am Mar 16, 2023 2:03am
Quoting hasib
{quote} we have different trading models for different market conditions. for trending, we have this model. we apply this for trending conditions. for the Ranging market we have Supply and demand and Key level model. {image} {image}
My dear friend thanks for sharing knowldge,im asking tough questions for learning purpose,no hurt intended.
how do you predict if market will trend or range?
a single spike can turn the tables
  • #267
  • Mar 16, 2023 2:44am Mar 16, 2023 2:44am
Quoting T4Trade
{quote} My dear friend thanks for sharing knowldge,im asking tough questions for learning purpose,no hurt intended. how do you predict if market will trend or range? a single spike can turn the tables
with the system, I do that.
My friend, you will understand and can predict some of the market conditions with this system if you practice it.
Nothing is 100%, but we can have a good amount of win rate and profit.
MA provides the market's current direction and strength.
  • #268
  • Mar 16, 2023 9:16am Mar 16, 2023 9:16am
Been a little distracted this week and haven't been trading too much but got this one today. Was a beauty.

H1 bearish after taking BSL
M5 Rejection of the wave and down as M5 wave getting bigger
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  • #269
  • Mar 17, 2023 3:39am Mar 17, 2023 3:39am
Quoting TheHusla
Been a little distracted this week and haven't been trading too much but got this one today. Was a beauty. H1 bearish after taking BSL M5 Rejection of the wave and down as M5 wave getting bigger {image} {image}
Well done.
This strategy is profitable. ☺️
MA provides the market's current direction and strength.
  • #270
  • Mar 17, 2023 9:19am Mar 17, 2023 9:19am
GU Scalp
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  • #271
  • Mar 17, 2023 9:35am Mar 17, 2023 9:35am
XAUUSD

This one was sssoo obvious. I had a breakeven on this earlier but just saw this engulf at the wave after. Once it made a new high I put to B/E.

The main thing about this is structure, trend, momentum EVERYTHING is UP massively. On ALL timeframes. Only looking for longs.
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  • #272
  • Mar 17, 2023 10:00am Mar 17, 2023 10:00am
XAUUSD

This one will most likely go out at breakeven and can see it was aggressive as didn't reject the wave with an engulf but the key thing in all this for me is risk management. A free trade is very valuable.
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  • #273
  • Mar 18, 2023 1:50am Mar 18, 2023 1:50am
The first candle was an engulfing candle, the Second candle Reject to move lower.
Third one shout up
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MA provides the market's current direction and strength.
  • #274
  • Mar 18, 2023 1:55am Mar 18, 2023 1:55am
two possible buy entry
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MA provides the market's current direction and strength.
  • #275
  • Mar 18, 2023 5:53am Mar 18, 2023 5:53am
This was my last trade of the day.

GU, can see it was VERY unlucky. Often at the end of the day Friday price just drips up steadily with no pullbacks so these kinds of trades work really well on Fridays. In this case can see I was very unlucky. I trade with VERY tight stops therefore can't withstand a big pullback which is why I put it to breakeven the minute price shifts from my zone of entry. I do get a lot of breakeven trades but I maintain a high winrate which is my priority as it prevents periods of big drawdowns. Instead I get big periods of just breakevens. If the pullback that took me out was a big one then I can look for another entry when it is finished but over here can see it was just VERY unlucky as it came right to my SL then went. Obviously the biggest market in the world didn't come for my SL but was just unlucky.
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  • #276
  • Mar 18, 2023 7:40am Mar 18, 2023 7:40am
Quoting TheHusla
This was my last trade of the day. GU, can see it was VERY unlucky. Often at the end of the day Friday price just drips up steadily with no pullbacks so these kinds of trades work really well on Fridays. In this case can see I was very unlucky. I trade with VERY tight stops therefore can't withstand a big pullback which is why I put it to breakeven the minute price shifts from my zone of entry. I do get a lot of breakeven trades but I maintain a high winrate which is my priority as it prevents periods of big drawdowns. Instead I get big periods...
Doesn't matter Bro. our strategy is very good we will get lots of opportunities.
100 to 200 pips consistently in a month will make us successful traders.
The day I lowered my expectation I started to feel good about my trading.
It is about being happy with the things we have

I did not trade the last Friday because I had already made lots of pips last week.
MA provides the market's current direction and strength.
  • #277
  • Mar 18, 2023 7:54am Mar 18, 2023 7:54am
Quoting hasib
{quote} Doesn't matter Bro. our strategy is very good we will get lots of opportunities. 100 to 200 pips consistently in a month will make us successful traders. The day I lowered my expectation I started to feel good about my trading. It is about being happy with the things we have I did not trade the last Friday because I had already made lots of pips last week.
Hello Hasib, this made me very happy... I was reading your system years back. Lol, I also posted my system there years back. Maybe 2013 or 2014. It was "Extreme TMA system" or something like that. Lovely times. I know here on FF is also the TMA system, but I was first I believe. It was kinda fun someone had same idea as me.

Sadly I later found that people stole my system and was charging like 250 US Dollars for it. That really pissed me of back then. 😆

Nice to see you here.

SF
  • #278
  • Mar 18, 2023 8:04am Mar 18, 2023 8:04am
How to use Multiple Time frames for your trade.

At the beginning of the month always try to predict what could happen this month. see the last few months how price is moving.
Is the price moving with the range of the last few months or price is moving towards some direction up or down?
Is the price too much away from 21 ema?
Last month's price range is big or small?
Try to understand a few basics. Remember my concept. if the price is above this month's open line we will think the price will go up.
If the price is lower than this month's open line we will think the price will move lower. The monthly open line is our equilibrium for this month.
In a sideway market, the price will touch too much monthly open line in either direction. Stay careful in that month. Preserve your capital for the trending month we know we can make lots of pips in the trending market.
Also, we could see the Roun number for market conditions understanding.
I know we can't predict the movement of this month with 100% accuracy but with practice, we will improve our observation power.
MA provides the market's current direction and strength.
  • #279
  • Mar 18, 2023 8:20am Mar 18, 2023 8:20am
Quoting SilentFather
{quote} Hello Hasib, this made me very happy... I was reading your system years back. Lol, I also posted my system there years back. Maybe 2013 or 2014. It was "Extreme TMA system" or something like that. Lovely times. I know here on FF is also the TMA system, but I was first I believe. It was kinda fun someone had same idea as me. Sadly I later found that people stole my system and was charging like 250 US Dollars for it. That really pissed me of back then. Nice to see you here. SF

Hello SilentFather
Hope you are doing well, Nice to see you here. I strongly believe, only a small group of determined individuals will overcome the obstacles and gain the necessary skills and discipline to succeed in trading. Copying other people's systems and selling to others will make scammers. I have kept everything free so that people who want to learn can learn it for free. I have seen in the Discord group some of the traders are making good pips, I feel like they are doing much better. I hope they will do much better than me also. It makes me happy.
BTW Extreme TMA System is created by Alorente in The FF as far as I know.

You can contribute your thoughts and ideas here too.
Best of luck
MA provides the market's current direction and strength.
  • #280
  • Mar 18, 2023 8:29am Mar 18, 2023 8:29am
Quoting hasib
{quote} Hello SilentFather Hope you are doing well, Nice to see you here. I strongly believe, only a small group of determined individuals will overcome the obstacles and gain the necessary skills and discipline to succeed in trading. Copying other people's systems and selling to others will make scammers. I have kept everything free so that people who want to learn can learn it for free. I have seen in the Discord group some of the traders are making good pips, I feel like they are doing much...
You are correct! Alorente made it. I was however first with the idea maybe. I'm not really sure. Possible is we made it together. I will check the date Alorente posted it. I checked my old email and I was registered on the site in 2012. Anyway funny thing is both of us making the same thing, haha! Maybe I should post it, too.

I would give you thoughts if I have any. Some systems does not need my ideas. Because they are mostly the same. Your system seems good enough already. At least from pictures I saw so far. I check few pages.

Definitely good system with proper explanation. For me, this is harder as I don't have much rules to follow "step by step". 😆
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