Daily candle strategy discussion

(interested in sharing daily candle strategies)

thinking:

could there be certain times of day for the entry of the current daily candle? testing this 8am daily candle..confused....lol well i am just into my creative mode...will try to show my first pic

testing:

gu eu gj ej with 50pip target and 100pip stop

what is on the chart?:

8ema and 21ema cross alert
8ema and 21 ema cci
cci 50
awesome_signal_alert

at them moment 2winning 2 losing....

if at new candle still in the trade will continue if the candle is long or short in agreement with the live trade or decide new direction

this thread is a creative spot to talk daily candle strats and ideas

8ema and 21ema (not cci)

i am usa and use eastern standard time

the 8am trades from the daily chart all winning and gu hit the target

so now at 8 pm est i have decided to continue the live trades and i reentered gu

the other trades from this am are up total 93 pips and continuing the trades from 8 am (ej, gj, eu) each are in long trends

50 pips targets in place and 100 pip stops in place

hmmmmmmmmmmmmmmm each trade is up 30+ could go to b/e .....thinking

so the strat is evolving, maybe it is an 8am and 8pm 8ema x 21ema cross

would like to hear details for other daily candle strats ...

moved target for gj up +50 to make a +100 target as gj was close to hitting first target. should move stop to breakeven...

good job...

You have a standard approach to the day candle. I would use a different tactic using the golden ratio. In practice, averages do not work, this is self-deception for a trader. If I were you, I would use line indicators.