Day trade setup | Page 21 | Forex Factory

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Day trade setup

  • #401
  • Mar 28, 2023 7:54am Mar 28, 2023 7:54am
Quoting hasib
{quote} It was a Day trade setup strategy excellent entry. Great job
thank you!

here is another daytrade on m5, but dont follow me i am still experimenting;-)
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 39 KB
trading is like dancing, don't think and just listen to the music!
  • #402
  • Mar 28, 2023 8:24am Mar 28, 2023 8:24am
Quoting birdland
{quote} thank you! here is another daytrade on m5, but dont follow me i am still experimenting;-) {image}
Can you share about your exit method. Is the ratio RR. Thank so much!
  • #403
  • Mar 28, 2023 8:33am Mar 28, 2023 8:33am
Quoting birdland
{quote} thank you! here is another daytrade on m5, but dont follow me i am still experimenting;-) {image}
Nice, I would have entered a little later. That next engulf after the one you entered on would have been perfect. Just because it's a better confirm of change in structure. Entering on the engulf might have not given you a good R:R so waiting for a pullback would have worked well in this case! But still nice one. It was a good pick for M5 after that H1 close.
  • #404
  • Mar 28, 2023 8:43am Mar 28, 2023 8:43am
Quoting tienphuc2910
{quote} Can you share about your exit method. Is the ratio RR. Thank so much!
the reason was just the blue rectangle, a supportzone. i dont exit with RR, in fact i exit just when i have enough profit and the price seems to hit resistance or support from the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 41 KB
trading is like dancing, don't think and just listen to the music!
  • #405
  • Mar 28, 2023 8:46am Mar 28, 2023 8:46am
trying that one GJ long...but dont follow me;-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 47 KB
trading is like dancing, don't think and just listen to the music!
  • #406
  • Mar 28, 2023 8:48am Mar 28, 2023 8:48am
Quoting birdland
trying that one GJ long...but dont follow me;-) {image}
Was looking at that exact zone of entry. Same SL as well. But went for gold instead and it ended at breakeven. Been a slow day today.

Me and you have VERY similar styles of trading. Thanks a lot for posting charts. I really like seeing trades of traders who see things so similar to me.
  • #407
  • Mar 28, 2023 9:28am Mar 28, 2023 9:28am
Quoting birdland
thử cái GJ đó lâu rồi...nhưng đừng theo tôi ;-) {image}
I see you are using M5 frame, so will you follow the trend of m15 or bigger frame?
  • #408
  • Mar 28, 2023 9:36am Mar 28, 2023 9:36am
My modified version trading Gold today, nice and simple.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 359 KB
  • #409
  • Mar 28, 2023 9:50am Mar 28, 2023 9:50am
Quoting tienphuc2910
{quote} I see you are using M5 frame, so will you follow the trend of m15 or bigger frame?
i use m5, m15 and h1. m5 i use for finetuning and better stop distance. h1 i see better the big picture.
trading is like dancing, don't think and just listen to the music!
  • #410
  • Mar 28, 2023 9:52am Mar 28, 2023 9:52am
Quoting cpfleger
My modified version trading Gold today, nice and simple. cpfleger {image}
I don't trade without stop loss.

I recommend using a stop loss. you may use a large stop loss like 260 pips or more but do not trade without stop loss.
Keep practicing

Best of luck
MA provides the market's current direction and strength.
  • #411
  • Mar 28, 2023 10:08am Mar 28, 2023 10:08am
It's not going to happen today
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 46 KB
trading is like dancing, don't think and just listen to the music!
  • #412
  • Mar 28, 2023 10:56am Mar 28, 2023 10:56am
Not good trade but took the trade.
have to focus on taking good trade.
TP hit
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 39 KB
MA provides the market's current direction and strength.
  • #413
  • Edited 11:32am Mar 28, 2023 11:22am | Edited 11:32am
setting stop loss requires skills and market understanding.
There are many ways to set stop loss.
I din't discuss setting stop-loss here before.
we can set stop loss below or above the EMA zone.
we can set stop loss below swing low or high.
we could set stop loss below or above the candle.


Hope it will improve your trading.
we have a trading strategy and we know our strategy is designed for taking advantage of market moves.
sometimes we fake loss after loss because market conditions are slow. what we have to do is stop trading for the day. The patient is the key.
we all know it. It is not what we make it is about how can we protect our capital.
Best wishes all
MA provides the market's current direction and strength.
  • #414
  • Mar 28, 2023 11:59am Mar 28, 2023 11:59am
XAUUSD breakeven

Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 216 KB
  • #415
  • Mar 29, 2023 12:53am Mar 29, 2023 12:53am
EJ BUY

I like to enter high momentum moves so with scalping normally move stops to B/E quick.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
Click to Enlarge Name: screenshot.png Size: 27 KB
  • #416
  • Mar 29, 2023 1:07am Mar 29, 2023 1:07am
UJ BUY

Similar idea here this was an entry off the wave. H1 looked good. Now that it made a new HH, it's at B/E.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
  • #417
  • Mar 29, 2023 1:28am Mar 29, 2023 1:28am
After a long time took a small long in BTC
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 25 KB
MA provides the market's current direction and strength.
  • #418
  • Mar 29, 2023 1:40am Mar 29, 2023 1:40am
my fist trade today EA:
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 37 KB
trading is like dancing, don't think and just listen to the music!
  • #419
  • Mar 29, 2023 1:58am Mar 29, 2023 1:58am
Quoting birdland
my fist trade today EA: {image}
Absolute beauty! Perfect entry. I need to keep an eye on this pair more. The pairs I'm trading today are just so messy. Need to keep an eye on moves like yours building. Thanks!
  • #420
  • Mar 29, 2023 2:19am Mar 29, 2023 2:19am
Quoting TheHusla
EJ BUY I like to enter high momentum moves so with scalping normally move stops to B/E quick. {image} {image}
Quoting TheHusla
UJ BUY Similar idea here this was an entry off the wave. H1 looked good. Now that it made a new HH, it's at B/E. {image}
Both ended in breakeven. Very messy markets this morning for the pairs I follow on M5 so happy with breakeven.
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