Day trade setup | Page 27 | Forex Factory

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Day trade setup

  • #521
  • Apr 4, 2023 4:00am Apr 4, 2023 4:00am
Quoting pusztafie
{quote} EURAUD M5 closed with 18.3 pips, thanks to the supertrend mtf.
shame about EA, on HTF the trade looked real good. I just didn't see an entry that I liked.

Also nicely done with GU. I saw a SnR zone at your entry which is why I couldn't enter. Often at these zones price can pull back quite significantly or just blast through them. In this case it went through it with momentum.

Nice morning for you! I'm still stuck in Gold, can't believe it's still active.
  • #522
  • Apr 4, 2023 4:53am Apr 4, 2023 4:53am
GBPJPY M5 formed a rectangle. I wonder where it will go?
Attached Image (click to enlarge)
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  • #523
  • Apr 4, 2023 6:01am Apr 4, 2023 6:01am
Inserted Video
MA provides the market's current direction and strength.
  • #524
  • Apr 4, 2023 6:56am Apr 4, 2023 6:56am
today it was a perfect model for how to add longs on GU. of course, this was an outstanding trend and we dont have this every day;-). but it gives you an idea where to add longs.

here the m5
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and here m1
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trading is like dancing, don't think and just listen to the music!
  • #525
  • Apr 4, 2023 7:03am Apr 4, 2023 7:03am
Quoting birdland
today it was a perfect model for how to add longs on GU. of course, this was an outstanding trend and we dont have this every day;-). but it gives you an idea where to add longs. here the m5{image} and here m1{image}
Gold and GU were exactly like this yesterday as well. The real key is how to identify the strong trend because as you said, it doesn't happen every day. It could also just be a big push fakeout. Do you have any tips? At what point would you start looking for entries?

For me personally I use a strong H1 push and how price reacts to SnR levels in the market, but wondering what your approach is?
  • #526
  • Apr 4, 2023 7:07am Apr 4, 2023 7:07am
Quoting birdland
today it was a perfect model for how to add longs on GU. of course, this was an outstanding trend and we dont have this every day;-). but it gives you an idea where to add longs. here the m5{image} and here m1{image}
Your right. We try to take advantage of trend and market momentum.
MA provides the market's current direction and strength.
  • #527
  • Apr 4, 2023 7:13am Apr 4, 2023 7:13am
Quoting TheHusla
{quote} Gold and GU were exactly like this yesterday as well. The real key is how to identify the strong trend because as you said, it doesn't happen every day. It could also just be a big push fakeout. Do you have any tips? At what point would you start looking for entries? For me personally I use a strong H1 push and how price reacts to SnR levels in the market, but wondering what your approach is?
my approach is experience. since 3-4 years i am only trading GU. i know this pair very well. and i also look at the bigger picture monthly, weekly and daily chart. they all broke out. its just screentime...
trading is like dancing, don't think and just listen to the music!
  • #528
  • Apr 4, 2023 7:47am Apr 4, 2023 7:47am
EURJPY

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  • #529
  • Apr 4, 2023 8:01am Apr 4, 2023 8:01am
Quoting hasib
https://youtu.be/skVaT0mYzVI
Thank you for putting in the effort to create this video to show us how important back-testing is and how simple it can be done.
  • #531
  • Apr 4, 2023 9:11am Apr 4, 2023 9:11am
1:3RR trade us30
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MA provides the market's current direction and strength.
  • #532
  • Apr 5, 2023 12:13am Apr 5, 2023 12:13am
GU M5
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Click to Enlarge Name: screenshot.png Size: 28 KB
  • #533
  • Apr 5, 2023 12:56am Apr 5, 2023 12:56am
Lets share our trades taken here ... So that we can help each other in finding signal
Jakepuia
  • #534
  • Apr 5, 2023 12:58am Apr 5, 2023 12:58am
Here is the trade I have just taken Don't mind the lot size
Attached Image (click to enlarge)
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Jakepuia
  • #535
  • Apr 5, 2023 1:03am Apr 5, 2023 1:03am
Attached Image (click to enlarge)
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Jakepuia
  • #536
  • Apr 5, 2023 3:34am Apr 5, 2023 3:34am
entered USD JPY in 30mins
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  • #537
  • Apr 5, 2023 4:13am Apr 5, 2023 4:13am
GU M15, looks like I got a little lucky in the morning.

Once structure turned bearish, I started looking for shorts. I'm not 100% sure about the range here as HTF is very bullish but with scalping I (almost always) put to breakeven fast. Tight stops mean I can't weather much of a pullback.
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  • #538
  • Apr 5, 2023 4:44am Apr 5, 2023 4:44am
Quoting TheHusla
GU M15, looks like I got a little lucky in the morning. Once structure turned bearish, I started looking for shorts. I'm not 100% sure about the range here as HTF is very bullish but with scalping I (almost always) put to breakeven fast. Tight stops mean I can't weather much of a pullback. {image}
Ended breakeven with a M15 engulf up. Was hoping for a move down before news but now my guess is price just waiting for news but let's see what things look like after news.

@pusztafie - You catch EA this morning??! That trend on M5 was ssssooo clean. I really struggle taking these very strong moves but is something I'm monitoring and working on.
  • #539
  • Apr 5, 2023 7:19am Apr 5, 2023 7:19am
Just enter GBPNZD SELL with 1:2 RR, wonder if the setup is correct?
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  • #540
  • Apr 5, 2023 7:34am Apr 5, 2023 7:34am
Quoting TheHusla
{quote} A nullszaldós M15-ös felemeléssel zárult. Reméltem, hogy lejjebb lépnek a hírek előtt, de most az a tippem, hogy az ár csak a hírekre vár, de nézzük meg, hogyan néznek ki a dolgok a hírek után. @pusztafie - Ma reggel elkaptad az EA-t??! Ez a trend az M5-ön nagyon tiszta volt. Nagyon nehezen tudom megtenni ezeket a nagyon erős lépéseket, de figyelek és dolgozom rajta.
I didn't trade today. I just got home, we were in Slovenia.
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