Daily Forex Trading

[Mira]

[quote="LeMercenaire"][quote="Mira"][quote="LeMercenaire"]This was the safest of safe set-ups this morning. As low-risk as it gets...

USDCADH1asDWZlowestrisksetupoftheday23rdFeb18.png

Then I go and make a cuppa and it nearly goes and takes out an eye!

USDCADH1Ohayelol23rdFeb18.png

When did Fridays get so exciting?! [/quote]

[b][i][color=#0000FF]LeM, why do you call it “safe setup”?

Thanks[/color][/i][/b][/quote]
Hi Mira,

Safe in the sense of low risk. I'm looking at price moving out of a Supply Zone combined with the pull of a daily Wick Zone set-up (price moving back into the body of the previous day's candle).[/quote]


Ahhh ok I’m getting it!
The blue rectangles are the real bodies of the previous closed candles.
Do you have a way to find targets?

Thanks!

[IgazI]

At least you got the heads up with the 3 prior fast moves.

Lem.png (92.73 KiB) Viewed 3203 times

[LeMercenaire]

LeM, why do you call it “safe setup”?

Thanks

Hi Mira,

Safe in the sense of low risk. I'm looking at price moving out of a Supply Zone combined with the pull of a daily Wick Zone set-up (price moving back into the body of the previous day's candle).

Ahhh ok I’m getting it!
The blue rectangles are the real bodies of the previous closed candles.
Do you have a way to find targets?

Thanks!

Yeah, sorry. I do it the other way round from TRO's DWZ indi. He colours the wick areas, I colour the body.

I am usually operating on percentage-of-account gain as a base target. However, I like using the SweetSpots indi over the top of that, as as well as giving entries in its own right, it can help with adding-in to positions and also exits if you switch over to SS trade-management once the trade is running.

As I have mentioned before, I will often be overlaying multiple methods, so when a trade has been opened in one style, I will not hesitate to exit if I get a close signal from another method.

Hope that makes some kind of sense.

[Mira]

Hi Mira,

Safe in the sense of low risk. I'm looking at price moving out of a Supply Zone combined with the pull of a daily Wick Zone set-up (price moving back into the body of the previous day's candle).

Ahhh ok I’m getting it!
The blue rectangles are the real bodies of the previous closed candles.
Do you have a way to find targets?

Thanks!

Yeah, sorry. I do it the other way round from TRO's DWZ indi. He colours the wick areas, I colour the body.

I am usually operating on percentage-of-account gain as a base target. However, I like using the SweetSpots indi over the top of that, as as well as giving entries in its own right, it can help with adding-in to positions and also exits if you switch over to SS trade-management once the trade is running.

As I have mentioned before, I will often be overlaying multiple methods, so when a trade has been opened in one style, I will not hesitate to exit if I get a close signal from another method.

Hope that makes some kind of sense.

Thanks Lem!

Your trading style is interesting, thank you for sharing!
I’m going to put some indi on my charts and try it.

[LeMercenaire]

Ahhh ok I’m getting it!
The blue rectangles are the real bodies of the previous closed candles.
Do you have a way to find targets?

Thanks!

Yeah, sorry. I do it the other way round from TRO's DWZ indi. He colours the wick areas, I colour the body.

I am usually operating on percentage-of-account gain as a base target. However, I like using the SweetSpots indi over the top of that, as as well as giving entries in its own right, it can help with adding-in to positions and also exits if you switch over to SS trade-management once the trade is running.

As I have mentioned before, I will often be overlaying multiple methods, so when a trade has been opened in one style, I will not hesitate to exit if I get a close signal from another method.

Hope that makes some kind of sense.

Thanks Lem!

Your trading style is interesting, thank you for sharing!
I’m going to put some indi on my charts and try it.

Cool. At its heart, my style is to "See line - Trade line".

The methods tend to be fractal and can be used on any time-frame with sensible but minimal adjustment.

As always, if you have any questions at all, feel free to ask.

[Mira]

Yeah, sorry. I do it the other way round from TRO's DWZ indi. He colours the wick areas, I colour the body.

I am usually operating on percentage-of-account gain as a base target. However, I like using the SweetSpots indi over the top of that, as as well as giving entries in its own right, it can help with adding-in to positions and also exits if you switch over to SS trade-management once the trade is running.

As I have mentioned before, I will often be overlaying multiple methods, so when a trade has been opened in one style, I will not hesitate to exit if I get a close signal from another method.

Hope that makes some kind of sense.

Thanks Lem!

Your trading style is interesting, thank you for sharing!
I’m going to put some indi on my charts and try it.

Cool. At its heart, my style is to "See line - Trade line".

The methods tend to be fractal and can be used on any time-frame with sensible but minimal adjustment.

As always, if you have any questions at all, feel free to ask.

Thank you!

And Thanks to everybody for making this board MY board
I'll be forever in dept with the people that posted here since 2006.

[LeMercenaire]

On my Dead Zone trade at US Open today and after a small head-fake inside, the trip continued on down.

USDCADH1boosh6thMar18DZ.png (32.41 KiB) Viewed 3064 times

Once that was bagged, I took a cheeky trip back up on the back of the retrace...

USDCADH1retracecoveredthecounterloss6thMar18.png (32.98 KiB) Viewed 3064 times

...into the classic pin-bar...

USDCADH1pinbarcheek6thMar18.png (32.78 KiB) Viewed 3064 times

It's almost completed the 50-Percent bounce...

USDCADH1almost50percentFib6thMar18.png (35.14 KiB) Viewed 3064 times

[LeMercenaire]

All that movement covered the small loss I took on the original WZ move that head-faked me back into the body before the big drop.

[LeMercenaire]

Some handy extra could have been added on the rebound from the 50 - I didn't take it though...

USDCADH1couldhavetakennicedropfrom50-ididnt6thMar18.png (35.39 KiB) Viewed 3063 times

[LeMercenaire]

A couple of nice set-ups showing potential...

GOLDH4atnicelevelforclaudia6thMar18.png (36.92 KiB) Viewed 3111 times

GOLDH4wide6thMar18.png (43.77 KiB) Viewed 3111 times

CADJPYDailycloooose6thMar18.png (42.86 KiB) Viewed 3111 times

CADJPYWeeklyyas6thMar18.png (41.29 KiB) Viewed 3111 times