Day trade setup

EURJPY D1 double top

hi mr hasib, may i know setting for indicator 4 timeframe sidus. thank you

EURJPY hit TP

I myst say its the first time i write in FF forums, and i do it only to express a big THANK YOU to hasib. With this strat, i passed my prop firm challenge and starting on a real account. THANK YOU AGAIN.

GBPJPY H1 double top, hit TP

EURAUD H1 double top

AUDNZD H1 double bottom, MT5

CADJPY H1 double bottom. This is true for other yen pairs as well.

USDJPY H1 double bottom.
I'll keep both running to see if it hits the target price.

what about gbpjpy it's a really good trade hit resistance it's more than likely to make a high again before hitting resistance again nice swing trade to hold unless bad report from gbp Wed

GBPJPY H1 double bottom. I will take your advice and not close it.

so far so good bro

Must watch

Yesterday's trade. I couldn't post yesterday because I splashed some delicious coffee on my keyboard.
USDCAD H4

CADJPY H1
USDJPY H1, reached TP

This is a kind of entry that focus on high reward, instead of win rate.
for this kind of entry I use Fib and lower 2 indicator and PA.
I don't use EMA for that.
I use pending order instead of market order. set order and wait to get results.

"Mastering Precision in Forex Trading: The Advantages of Pending Orders Over Market Orders"

Using pending orders instead of market orders in forex trading offers several advantages, depending on the trader's strategy and risk management preferences. Here are some key advantages:

1. **Precision and Control:**
- **Entry Price Control:** With pending orders, traders can specify the exact price at which they want to enter the market. This allows for precise entry points and reduces the risk of slippage, which can occur with market orders during periods of high volatility.

2. **Predefined Risk Management:**
- **Stop Loss and Take Profit:** Traders can set predefined stop-loss and take-profit levels when placing pending orders. This helps in implementing a structured risk management strategy, ensuring that potential losses are limited and profits are taken at desired levels.

3. **Automation and Flexibility:**
- **Automated Execution:** Pending orders can be used to automate trading strategies. Traders can set conditions for entry, exit, and risk management in advance, allowing for more flexibility and the ability to participate in the market even when away from the computer.

4. **Avoid Emotional Decision-Making:**
- **Reduced Impulsivity:** Using pending orders helps traders avoid impulsive decisions based on emotions. By predefining entry and exit points, traders can stick to their original plan and avoid making decisions in the heat of the moment.

5. **Protection During News Events:**
- **Protection Against News Volatility:** Market orders can be vulnerable to price spikes and increased volatility during news releases. Pending orders allow traders to set up positions away from the current market price, providing a level of protection during unpredictable events.

6. **Range-Bound Strategies:**
- **Range Trading:** Traders using range-bound strategies can benefit from pending orders by placing them at key support or resistance levels. This allows them to capitalize on price reversals when the market reaches predetermined levels.

7. **Time Management:**
- **Time-Activated Orders:** Traders can use pending orders with time conditions, such as "Good 'til Cancelled" (GTC) or "Good 'til Time" (GTT). This helps in better time management and allows for planning trades over extended periods.

While pending orders offer these advantages, it's important for traders to consider market conditions and be aware that there are also potential risks involved, such as the order not getting filled if the specified price is not reached. It's crucial to thoroughly understand the mechanics of pending orders and to use them in conjunction with a well-thought-out trading strategy.