What is your Top 3 or single Daily TF trading strategy, Any? | Forex Factory

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What is your Top 3 or single Daily TF trading strategy, Any?

  • #1
  • First Post: Dec 21, 2016 10:39am Dec 21, 2016 10:39am
Hello friends,
I have searched extensively FF for trading strategies based and focused primarily on the daily TF, but so little showed up using the search engine of FF.
Pls, friends, help post what is your top 3(or single) D1 TF trading strategies. Pls come along with charts for better description, and discussion. If you don't mind to be sincere, tell us your victories and losses using the system(s). Thanks in advance.
  • #2
  • Dec 22, 2016 5:35am Dec 22, 2016 5:35am
suport resistance strategy is best on daily TF.
  • #3
  • Dec 22, 2016 5:49am Dec 22, 2016 5:49am
Learn Supply & Demand, Look at all the free resources.
It never gets easier, you just get better
  • #4
  • Dec 26, 2016 7:22am Dec 26, 2016 7:22am
Quoting fxmadxx
suport resistance strategy is best on daily TF.
OK, appreciated, but which good indicator available that can indicate pivot, resistance, support levels for the daily chart and weekly chart?
  • #5
  • Dec 26, 2016 7:25am Dec 26, 2016 7:25am
Quoting Shabs19
Learn Supply & Demand, Look at all the free resources.
Nice one, but in many cases they still work like a 12inch thick resistance and support level. Do S and D indicate berra than support and resistance?
  • #6
  • Edited 11:26pm Dec 26, 2016 10:42am | Edited 11:26pm
Trade Daily bar/chart is the position trading, which need big stop loss (big $) for big guys. Loss would be huge, so, no much small guys trade on daily TF.

My best one is ma10 line, which is a benchmark indicator, and no any method (any advanced indicators, etc) can beat ma10. Put it on usd-jpy daily chart.
  • #7
  • Dec 26, 2016 1:02pm Dec 26, 2016 1:02pm
most popular strategies such as RSI, EMA crosses, support and resistance.

The trick to successful trading is how you combine and use the indicators patterns, how you define entries and exits, money management, identify market conditions, it comes with experience and back testing.

Success does not come overnight, giving a million dollar strategy to a beginner wouldn't be useful unless the trader understands the concept above and able to apply them.

On the other hand, work hard on come up with your own strategy that you believe in is definitely the way to go
  • #8
  • Dec 27, 2016 4:38am Dec 27, 2016 4:38am
Quoting erikxy
most popular strategies such as RSI, EMA crosses, support and resistance. The trick to successful trading is how you combine and use the indicators patterns, how you define entries and exits, money management, identify market conditions, it comes with experience and back testing. Success does not come overnight, giving a million dollar strategy to a beginner wouldn't be useful unless the trader understands the concept above and able to apply them. On the other hand, work hard on come up with your own strategy that you believe in is definitely the...
Good shot there pal, what is your strategy using the tools you said. Do you have an indie that draws S n R for the daily chart, with some historical look back days too?
  • #9
  • Dec 27, 2016 4:53am Dec 27, 2016 4:53am
Quoting yuddy
{quote} Good shot there pal, what is your strategy using the tools you said. Do you have an indie that draws S n R for the daily chart, with some historical look back days too?
Hello mate, my strategy uses RSI, 10 and 20 EMA, and a pattern that measures exact corrective and impulsive waves. I trade trends only so id wait for emas to cross to signal a buy for example, then i wait for rsi to cross and close above 60, then i measure the pull back and project the next wave and tp at the highest point before it retraces again, sl when candle cross and close below 20 ema.

the concept here is to ride the momentum in a trend and catch a full wave.

how i measure this wave is confidential at the moment sorry about that.

however, support and resistance is always my tp as well.

the support and resistances are defined using price action, try to see where the price been reversing heavily, 2 or 3 touches also a good confirmation. I do this analysis on my site, they will give you a pretty good idea of how these levels are identified.
  • #10
  • Dec 27, 2016 11:50am Dec 27, 2016 11:50am
Quoting erikxy
{quote} Hello mate, my strategy uses RSI, 10 and 20 EMA, and a pattern that measures exact corrective and impulsive waves. I trade trends only so id wait for emas to cross to signal a buy for example, then i wait for rsi to cross and close above 60, then i measure the pull back and project the next wave and tp at the highest point before it retraces again, sl when candle cross and close below 20 ema. the concept here is to ride the momentum in a trend and catch a full wave. how i measure this wave is confidential at the moment sorry about that....
We Appreciate the reply pal. But what indie draws resistance and support on a daily TF?
  • #11
  • Dec 27, 2016 2:15pm Dec 27, 2016 2:15pm
Quoting yuddy
{quote} We Appreciate the reply pal. But what indie draws resistance and support on a daily TF?
no probs. U mean like an automated method? support and resistance got to be manually drawn, 3 touches of a line
  • #12
  • Dec 28, 2016 11:19pm Dec 28, 2016 11:19pm
Quoting erikxy
{quote} no probs. U mean like an automated method? support and resistance got to be manually drawn, 3 touches of a line
This is a modern age. There should be a R n S indie for the daily chart. Anyone found one?
  • #13
  • Dec 29, 2016 1:04am Dec 29, 2016 1:04am
Quoting yuddy
{quote} This is a modern age. There should be a R n S indie for the daily chart. Anyone found one?
Attached File(s)
File Type: ex4 Buyers_Sellers_Zones_Indicator_ver1.6.ex4   40 KB | 754 downloads
  • #14
  • Dec 29, 2016 5:21am Dec 29, 2016 5:21am
Quoting pulke
{quote} {file}
Oh so kind of you,sire. Shall test it out.thanks
  • #15
  • Dec 29, 2016 6:00am Dec 29, 2016 6:00am
Quoting yuddy
{quote} Oh so kind of you,sire. Shall test it out.thanks
no problem.

This is the best levels indicator that I have used.

Take into consideration that the higher time frame levels are much more substantial than the lower t.f. levels.
  • #16
  • Dec 29, 2016 6:53am Dec 29, 2016 6:53am
Quoting pulke
{quote} no problem. This is the best levels indicator that I have used. Take into consideration that the higher time frame levels are much more substantial than the lower t.f. levels.
That's true sire. Higher TF is markets true decision.
  • #17
  • Dec 29, 2016 7:15am Dec 29, 2016 7:15am
Try TDI in Trade Made Simple thread if you haven't done so already.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #18
  • Dec 29, 2016 11:11am Dec 29, 2016 11:11am
Quoting yuddy
{quote} This is a modern age. There should be a R n S indie for the daily chart. Anyone found one?
Just remember support and resistance are zones, not lines. Pivots however are quite widely used btw
  • #19
  • Dec 29, 2016 7:28pm Dec 29, 2016 7:28pm
Quoting heispark
Try TDI in Trade Made Simple thread if you haven't done so already.
oh thanks spark, shall check it out.
  • #20
  • Dec 29, 2016 8:12pm Dec 29, 2016 8:12pm
A time frame is just a time frame. If you use lines, you can use them on any time frame. If you use candles, you can use them on any time frame. If you use indicators, you can use them on any time frame. If you use multiple time frames, you have to make adjustments. Otherwise, all time frames make patterns. The only difference is the frequency, or in other words, the time it takes to draw the candles. As long as price moves past the spread and your exit is profitable, there is no difference. Since many more opportunities to profit occur on lower time frames, then MUCH more money can be made, so that is why there are not many people trading the Daily time frame. It is more for investors than traders, as it can take weeks to make the same money the rest of us make in a few days. Not worth it. Once you have built up a substantial account, you might open Daily trades just to run in the background to collect a few extra bucks, or while on vacation. Since any strategy will work, just do whatever strategy you want to do.
You cannot be extraordinary by being normal
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