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Day trade setup

  • #621
  • Apr 13, 2023 11:57am Apr 13, 2023 11:57am
we Had 3 buy setups in gold.
All of them work very well.

The day trade setup is a very powerful system you are getting here in FF for free.
I don't know how many of you actually using it in your real account.
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MA provides the market's current direction and strength.
  • #622
  • Apr 13, 2023 12:04pm Apr 13, 2023 12:04pm
GBPUSD
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MA provides the market's current direction and strength.
  • #623
  • Apr 13, 2023 12:06pm Apr 13, 2023 12:06pm
Power of the color EMA that I use
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MA provides the market's current direction and strength.
  • #624
  • Edited 12:51am Apr 14, 2023 12:37am | Edited 12:51am
The entry was possibly a little aggressive here but I really thought there was momentum building for a push to the upside. I was only going for 15 pips and would have moved it to breakeven fast but there was no opportunity in this case. I was expecting a big candle up the next candle but it came down. This is trading, first loss of the week. It looks like I got the direction wrong in this case but it looked clear to me at the time.

SL hit.
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  • #625
  • Apr 14, 2023 2:01am Apr 14, 2023 2:01am
Quoting TheHusla
The entry was possibly a little aggressive here but I really thought there was momentum building for a push to the upside. I was only going for 15 pips and would have moved it to breakeven fast but there was no opportunity in this case. I was expecting a big candle up the next candle but it came down. This is trading, first loss of the week. It looks like I got the direction wrong in this case but it looked clear to me at the time. SL hit. {image}
Re-Entry.

Trade was not invalidated so re-entered. Once price made a new HH, I move the SL to 3 pips. Very little risk left on the trade. Price can still spike to my entry so any spike to my entry and I will move to B/E.
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  • #626
  • Apr 14, 2023 2:13am Apr 14, 2023 2:13am
Quoting TheHusla
{quote} Re-Entry. Trade was not invalidated so re-entered. Once price made a new HH, I move the SL to 3 pips. Very little risk left on the trade. Price can still spike to my entry so any spike to my entry and I will move to B/E. {image}
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Maybe next
  • #627
  • Apr 14, 2023 2:16am Apr 14, 2023 2:16am
Quoting Toppi
{quote} {image} Maybe next
Maybe!

Quoting TheHusla
{quote} Re-Entry. Trade was not invalidated so re-entered. Once price made a new HH, I move the SL to 3 pips. Very little risk left on the trade. Price can still spike to my entry so any spike to my entry and I will move to B/E. {image}
2 pips SL was hit and I'm out. No more attempts here. I look for momentum and this is clearly not a valid move for me. The re-entry looked good but didn't translate into the move I was looking for. Onto the next....
  • #628
  • Apr 14, 2023 2:23am Apr 14, 2023 2:23am
Quoting TheHusla
{quote} Maybe! {quote} 2 pips SL was hit and I'm out. No more attempts here. I look for momentum and this is clearly not a valid move for me. The re-entry looked good but didn't translate into the move I was looking for. Onto the next....
The market seems to be a bit crazy today. Can't see any clear trends so maybe better to wait
  • #629
  • Apr 14, 2023 2:28am Apr 14, 2023 2:28am
Quoting Toppi
{quote} The market seems to be a bit crazy today. Can't see any clear trends so maybe better to wait
Thanks, yes I would agree.

This one looked good to me but just didn't work out. Although I just look at the direction of the latest HTF candles in isolation for this strategy.

It looks London is set to be messy. Let's hope for some setups during NY.
  • #630
  • Apr 14, 2023 2:33am Apr 14, 2023 2:33am
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Just take GU
  • #631
  • Apr 14, 2023 6:25am Apr 14, 2023 6:25am
Quoting Toppi
{image} Just take GU
You had the direction right but just lots of spikes today.

For me, personally, GU wasn't the best because of the daily. Highly bullish and today's move is the first change in structure on lower timeframes so always a little risky IMO.

Haven't seen anything worth taking today after EA. Days like this sometimes there are some very clean moves around market close but I doubt I'll be around that long today.
  • #632
  • Apr 14, 2023 6:34am Apr 14, 2023 6:34am
Quoting TheHusla
{quote} You had the direction right but just lots of spikes today. For me, personally, GU wasn't the best because of the daily. Highly bullish and today's move is the first change in structure on lower timeframes so always a little risky IMO. Haven't seen anything worth taking today after EA. Days like this sometimes there are some very clean moves around market close but I doubt I'll be around that long today.
Agree
  • #633
  • Apr 14, 2023 6:54am Apr 14, 2023 6:54am
I found this one

EURJPY - M5

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  • #634
  • Apr 14, 2023 7:11am Apr 14, 2023 7:11am
Quoting Toppi
I found this one EURJPY - M5 {image}
Perfect entry! I was thinking of this and GJ but didn't enter. Nice one! Good luck!

Looks like EA is filling the range I was looking for now! Ha! What a messy move!!
  • #635
  • Apr 14, 2023 8:11am Apr 14, 2023 8:11am
One more EJ - M5
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  • #636
  • Apr 14, 2023 8:18am Apr 14, 2023 8:18am
Quoting Toppi
One more EJ - M5 {image}
Can you please show your original stops for future trades? I'm just curious.

Nice trades man! I really like your first one. The lack of movement and ranging today made me decide not to enter but it was valid.
  • #637
  • Apr 14, 2023 8:25am Apr 14, 2023 8:25am
Quoting TheHusla
{quote} Can you please show your original stops for future trades? I'm just curious. Nice trades man! I really like your first one. The lack of movement and ranging today made me decide not to enter but it was valid.
I don't remember exactly, but around 10 pips

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  • #638
  • Apr 14, 2023 8:34am Apr 14, 2023 8:34am
Quoting Toppi
{quote} I don't remember exactly, but around 10 pips {image}
Cool makes sense. Thanks.

Obviously you are free to post trades as you want but if you could mark your original stops in your charts going forward, I would appreciate it.

Have a nice weekend! Nice trades today!
  • #639
  • Apr 14, 2023 8:49am Apr 14, 2023 8:49am
Quoting hasib
When Green candle wahy from ema zone. or when the Green candle doesn't touch 6 EMA I don't open trade. I try to trade in the zone. ( here zone means ema zone) {image}
Is it when the 6ema cross the 21ema please explain more
  • #640
  • Apr 14, 2023 10:44am Apr 14, 2023 10:44am
Quoting TheHusla
{quote} You had the direction right but just lots of spikes today. For me, personally, GU wasn't the best because of the daily. Highly bullish and today's move is the first change in structure on lower timeframes so always a little risky IMO. Haven't seen anything worth taking today after EA. Days like this sometimes there are some very clean moves around market close but I doubt I'll be around that long today.
this kind of change of structure can trade with my Daily open line concept. when we see the price close below the daily open line and the price could not get over it we could easily take some positions for downside continuations this is the Day trade setups strategy concept.
if you look at this chart you will be clear.
The question is where will I enter? In the H1 chart, I will enter at 2 white candles close and I will place a stop above the daily open line
when setup is in your mind everything will be very clear

Hope it helps
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MA provides the market's current direction and strength.
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