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Day trade setup

  • #1,401
  • Aug 16, 2024 9:52am Aug 16, 2024 9:52am
EA- there was more range down but I decided to take a small range.
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  • #1,402
  • Aug 16, 2024 1:59pm Aug 16, 2024 1:59pm
USDJPY M15
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  • #1,403
  • Aug 17, 2024 3:54am Aug 17, 2024 3:54am
Quoting pusztafie
USDJPY M15 {image}
which indicators are you using there?
  • #1,404
  • Aug 18, 2024 9:50am Aug 18, 2024 9:50am
Attached File(s)
File Type: ex4 ATR in Pips 2.ex4   13 KB | 220 downloads
MA provides the market's current direction and strength.
  • #1,405
  • Aug 18, 2024 6:47pm Aug 18, 2024 6:47pm
Quoting hasib
{image}
how do you use the MACD
  • #1,406
  • Aug 18, 2024 11:06pm Aug 18, 2024 11:06pm
Quoting Mekus4
{quote} how do you use the MACD
Currently, I don't use MACD
MA provides the market's current direction and strength.
  • #1,407
  • Aug 19, 2024 12:49am Aug 19, 2024 12:49am
Quoting PeterForrest
{quote} milyen indikátorokat használsz ott?
https://www.forexfactory.com/thread/...9#post14963709
  • #1,408
  • Aug 19, 2024 1:57am Aug 19, 2024 1:57am
someone ask me about Session indicator
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File Type: zip [fxssi.com]_TradingSessions_v1.08.zip   113 KB | 227 downloads
MA provides the market's current direction and strength.
  • #1,409
  • Aug 19, 2024 9:42am Aug 19, 2024 9:42am
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MA provides the market's current direction and strength.
  • #1,410
  • Edited 11:26am Aug 19, 2024 10:16am | Edited 11:26am
Two trades today.

EN & GBPCHF.

Getting a little late in the day, will decide to keep these on after LN close or not.

Update:
EN Hit TP.
Decided to close GCHF at a slight loss. I didn't like H4 with only 30 mins to close also wrong time of day and can go lower before going up.
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  • #1,411
  • Aug 19, 2024 7:06pm Aug 19, 2024 7:06pm
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MA provides the market's current direction and strength.
  • #1,412
  • Aug 19, 2024 7:11pm Aug 19, 2024 7:11pm
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MA provides the market's current direction and strength.
  • #1,413
  • Aug 20, 2024 8:50am Aug 20, 2024 8:50am
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MA provides the market's current direction and strength.
  • #1,414
  • Aug 20, 2024 9:21am Aug 20, 2024 9:21am
Quoting hasib
{image}
Nice one, I haven't found any trades today. ALMOST took EU but hesitated and missed it.
  • #1,415
  • Aug 20, 2024 10:05am Aug 20, 2024 10:05am
Quoting TheHusla
{quote} Nice one, I haven't found any trades today. ALMOST took EU but hesitated and missed it.
super precise tite stop trade. It is only possible when we trade 1 to 2 markets with high focus.
Of course, when we are in flow we could catch one or two a day.
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MA provides the market's current direction and strength.
  • #1,416
  • Edited 9:11am Aug 21, 2024 7:10am | Edited 9:11am
Clean one this one
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  • #1,417
  • Edited 8:28am Aug 21, 2024 7:31am | Edited 8:28am
GU - this one at breakeven now.

Looking at Daily there is no signs for sells so just looking for buy.

M30 shows engulf up LN open but didn't look convincing to me so I waited.
Next candle engulfed down but I wasn't looking for shorts.
Then I saw an engulf back up and entered.
Small daily range so no real need to wait for any better entry.
I like this patterns which I call failed engulf. Engulf in one direction then engulf back the other direction.

Update:
This one hit TP

FOMC minutes later today so I will just finish now.
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  • #1,418
  • Edited 9:12am Aug 21, 2024 7:34am | Edited 9:12am
EJ - SL

This one didn't work. I was a little unlucky as it came close to TP but main thing is I shouldn't have gone against a daily candle.

Weekly + H4 looked decent but not daily. All must align to be high probability.

Rookie error!
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  • #1,419
  • Aug 21, 2024 7:37am Aug 21, 2024 7:37am
Quoting hasib
{quote} super precise tite stop trade. It is only possible when we trade 1 to 2 markets with high focus. Of course, when we are in flow we could catch one or two a day. {image}
I just use alerts bro. I follow around 20+ markets. Just set alerts when it makes new high or low and if it looks interesting then focus on it otherwise not.

The way I see it is we have a lot of markets and can pick the ones that look best. Problem with narrowing focus too much is sometimes nothing interesting is happening on the ones we focus on but on another market there are some very key opps.

Everything I do starts on the HTF so if there is nothing interesting on the HTF then I don't even set any alerts on that pair.

But as with anything in trading, just do what works for you! No right or wrong, as long as you are making pips.
  • #1,420
  • Aug 21, 2024 9:54am Aug 21, 2024 9:54am
Quoting TheHusla
EJ - SL This one didn't work. I was a little unlucky as it came close to TP but main thing is I shouldn't have gone against a daily candle. Weekly + H4 looked decent but not daily. All must align to be high probability. Rookie error! {image}
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MA provides the market's current direction and strength.
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