Hi, Today, I grabbed 9 pips on GBPUSD. H4: The trend was down M5: Entry 1) Price closed above the 5 EMA(H1) of the high and confirmed by 2) CCI(H1) closes above +100 level (OB area) The 1) and 2) represent the RETRACEMENT happened on H1( Very ...

My Day Trading System (MDTS) in trend following

Hi, Yes, you can enter a trade in the time frame that has confirmed all conditions of entry. The retracement on H1 and M30 happens almost the same level. Sometimes price pulls back, in H1, almost at the extreme then resume the trend. I like the ...

My Day Trading System (MDTS) in trend following

Hi, You can enter in M30 or M5. Pinpoint is not the word I want to use in M5. Forget PINPOINT and instead use Entry in M5. I have noticed in the past that some trades taken in HTF are better than LTF. Because in LTF there are micro trends created ...

My Day Trading System (MDTS) in trend following

Hi, For the sequence of H4_M30_M5 USDCAD DOWNTREND H4: Downtrend M30: Entry 1) Wait for price close above the 5 EMA(H1) of the high and confirmed by 2) CCI(H1) closes above +100 level (OB area) 3) SELL when CCI(H4) is below 50 level confirmed by 4) ...

My Day Trading System (MDTS) in trend following

Hi, This summer I prefer to use the 3 TFs as following: H4: The current trend M30: Entry M5: Pinpoint If you want to H4-H1-M15 is fine or you want to try this sequence of TFs, H4-M30-M5, is fine too. I will explain in details of H4-M30-M5 in the ...

My Day Trading System (MDTS) in trend following

Hi, Today only 1 trade happened on Loonie I have grabbed 10 pips on SHORT the USDCAD at 10:00 GMT. Summertime, the Big Boys went already on vacations. The markets are slow. Be careful! Sai Ram

My Day Trading System (MDTS) in trend following

Hi, Now we concentrate on the system in post263, especially in M15. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, I have 2 trades: CHFJPY: +17 pips CADJPY: +10 pips I was using the strategy in POST#263. I will see the results at the end of this month. If there are no tweaks to do then I will update the system in Doc. Have a nice weekend! Sai Ram

My Day Trading System (MDTS) in trend following

Hi, At midnight Eastern time, I will scan, on M15, all the pairs that have 3 conditions appears first as following: SELL: 1) 5/10 ema(H4) cross down (RED) 2) Price closes above the 5 ema(H1) of the high 3) CCI(H1) closes above +100 BUY: 1) 5/10 ...

My Day Trading System (MDTS) in trend following

Hi, This is the idea that we talked about and I try to put in charts. What do you, guys, think about it? SELL TRADE M15/M5: 1) Trend (H4) is down (RED) 2) Price closes above the 5 EMA(H1) of the high 3) CCI(H1) is sitting above +100 (OB area) 4) ...

My Day Trading System (MDTS) in trend following

Hi, Ok. It seems a good idea. Let's test it. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, There is a signal to go BUY GBPUSD at 18:00 GMT. But I did not take it. Because the London session is about to close. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, I want you to test together with my version of Quattro Cash Envelopes known as MyCashingM30. It uses only 2 TFs (H4 and M30). The charts attached below to try to explain the strategy. BUY TRADE H4: 5/10 EMA cross up and confirmed by RSI > 50 ...

My Day Trading System (MDTS) in trend following

Hi,

My Day Trading System (MDTS) in trend following

Hi, It is very hard to get good timing from the indicators, especially when we deal in lower time frames such as M15 and lower. Now, what you can do is looking at the Support and Resistance in a higher time frame and do the studies of Fibonacci on ...

My Day Trading System (MDTS) in trend following

Hi, The strategy in POST246 is inspired by the other strategy known as Quattro Cash Envelopes that I found on the internet. I have tested the Quattro Cash Envelopes. I don't like Envelope and RSI indicator. I think the strategy in POST246 is better ...

My Day Trading System (MDTS) in trend following

Hi, Last night, I went SHORT on GBPUSD. When my trade went +10 pips I put SL +3 pips and TP@20 pips from the entry went to bed. In the morning I got up and my trade was stopped with +3 pips. All the SELL conditions were validated. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, I use 5 EMA High/Low in H1 as support and resistant. And this gives me pretty ideas in my analysis. We can use the behaviors CCI (H1) to track how far the price may move. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, I used the template in POST#236. Because there is no Macd. And Macd might make people more confused. If you want a full retracement occurred in H1 it is ok. But there are fewer signals. That's why the template in POST#236 will give us more ...

My Day Trading System (MDTS) in trend following