Day trade setup | Page 33 | Forex Factory

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Day trade setup

  • #641
  • Apr 14, 2023 10:57am Apr 14, 2023 10:57am
Quoting Emekuzydawiz
{quote} Is it when the 6ema cross the 21ema please explain more
yes, we so far using the 6 and 21 zones in our day trade setups. In the video you see using the default setting of color ema which is 25 has a 50% win rate with 1 to 2 RR.
If you like to use 6 and 25 ema. that will be also fine.
The concept is trading most of the time trading with the direction of the trend and momentum.
MA provides the market's current direction and strength.
  • #642
  • Apr 14, 2023 11:35am Apr 14, 2023 11:35am
If you trading for a prop firm.
I recommend using this EA. It will protect your account. This ea is Risk management EA.
In your personal account, you can use it.


Best of luck
Attached File(s)
File Type: ex4 C12_EA_To_Protect_Account_FTMO_V2.ex4   33 KB | 328 downloads
MA provides the market's current direction and strength.
  • #643
  • Apr 16, 2023 5:41am Apr 16, 2023 5:41am
i havent seen that indi here so maybe it could be of help for u to scroll fast every pair:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1symmmmmmmmmm.png Size: 48 KB

Attached File(s)
File Type: mq4 Symbol changer - limited.mq4   7 KB | 255 downloads
trading is like dancing, don't think and just listen to the music!
  • #644
  • Apr 17, 2023 1:06am Apr 17, 2023 1:06am
Quoting hasib
use the triple screen for trading it helps you improve your trading win rate I hope. {image}
Hi Hasib,
Could you give me for set of indicators, and template of this screen?

Thank you.
Prasitp.
  • #645
  • Apr 17, 2023 6:30am Apr 17, 2023 6:30am
EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-04-17_152846.jpg Size: 195 KB
  • #646
  • Apr 17, 2023 8:05am Apr 17, 2023 8:05am
Quoting S_winner
EURUSD {image}
Nice man! I didn't see this one. For me today was a MESS. I didn't see anything clear so stayed out. No trades today.
  • #647
  • Apr 17, 2023 8:12am Apr 17, 2023 8:12am
XAUUSD M5, two trades
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD M5 04.17.jpg Size: 324 KB
  • #648
  • Apr 17, 2023 8:21am Apr 17, 2023 8:21am
Quoting pusztafie
XAUUSD M5, two trades {image}
I like your first one. Nice and simple break and re-test. I was looking at it but after the spike down decided against it. Nice!
  • #649
  • Apr 17, 2023 8:50am Apr 17, 2023 8:50am
on dollar pairs yeah, however, EURAUD moved 75 pips
  • #650
  • Apr 17, 2023 9:32am Apr 17, 2023 9:32am
USDJPY M5 I closed it because it didn't work
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY M5 04.17.jpg Size: 324 KB
  • #651
  • Apr 18, 2023 12:27am Apr 18, 2023 12:27am
Initially was thinking shorts on this but no strong HTF bias and didn't see any confirm and then it turned bullish.

I doubt I will move the SL on this position but will see.
Attached Image (click to enlarge)
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  • #652
  • Apr 18, 2023 12:45am Apr 18, 2023 12:45am
Quoting TheHusla
Initially was thinking shorts on this but no strong HTF bias and didn't see any confirm and then it turned bullish. I doubt I will move the SL on this position but will see. {image}
Closed at 3 pips SL for partial loss. It was messing around too much and starting to engulf when I closed it. Same as EA last week where it looked like a high momentum move building but when it stalls like this anything can happen when trading with tight SLs.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
  • #653
  • Apr 18, 2023 3:32am Apr 18, 2023 3:32am
Am in this, XAUUSD M30. That big black candle down made no sense and I entered after the first M30 white candle on a small retrace.

Although I always go for 1.5R, in this case I'm going to 3.5R. Risk is reduced significantly from entry.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
  • #654
  • Apr 18, 2023 4:53am Apr 18, 2023 4:53am
Arrow of this indicator seems good to me have to test it
Attached File(s)
File Type: ex4 QQE advanced alerts arrows nmc.ex4   55 KB | 256 downloads
File Type: mq4 QQE advanced alerts arrows nmc.mq4   15 KB | 267 downloads
MA provides the market's current direction and strength.
  • #655
  • Apr 18, 2023 7:20am Apr 18, 2023 7:20am
Quoting TheHusla
Am in this, XAUUSD M30. That big black candle down made no sense and I entered after the first M30 white candle on a small retrace. Although I always go for 1.5R, in this case I'm going to 3.5R. Risk is reduced significantly from entry. {image}
Very very tricky conditions today. This one finished at a very small partial loss, almost breakeven, as well. There was one more run for liquidity before the push I was looking for which was unfortunate but such is trading! I was looking for longs with that big push down but didn't see anything.

Hope others are fairing better than me this week!
  • #656
  • Apr 18, 2023 9:32am Apr 18, 2023 9:32am
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #657
  • Apr 18, 2023 9:41am Apr 18, 2023 9:41am
Gold us session trading.
You don't have to trade every day.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #658
  • Apr 18, 2023 9:47am Apr 18, 2023 9:47am
Be careful with gold. today's price is within the range of the previous day's high and low. It means lost of choppy pa you may see in the Ltf
we all know we try to trade trending conditions.

Best of luck
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #659
  • Apr 18, 2023 9:53am Apr 18, 2023 9:53am
As I discussed yesterday in the discord group As long as the price is holding this zone we will look for better buying opportunities with day trade setups.
we also discussed M5 price structure shift in the group.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 32 KB
MA provides the market's current direction and strength.
  • #660
  • Apr 18, 2023 9:58am Apr 18, 2023 9:58am
M5 structure shift within the direction of the HTF up trend
all are good buying opportunities
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 34 KB
MA provides the market's current direction and strength.
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