Hi, GBPUSD H4: The trend is DOWN H1: I wait for Force Index bar closes above the zero (GREEN) ---- ( Pull back ) M30: I will wait for HH formed. Then I will study the key level of SELL TRADE. M15: I will wait for price closes below the key level ...

My Day Trading System (MDTS) in trend following

Hi, I replied to the POST#175. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, H4 is down. Wait for Force Index bar (H1) closes above the zero. (Pull back) Then go to M30 to wait for the Higher High (HH) formed then study the key level of entry for SELL TRADE. Finally, go to M15 to wait for price breaks below the key level ...

My Day Trading System (MDTS) in trend following

Hi, You said IS SELL entry is timing. I assume that you saw the Fxtrendband in H4 is developing a bearish bar. But the current candle was not closed yet. You have to wait for the current in H4 closed then you decide your entry in M15 goes in the ...

My Day Trading System (MDTS) in trend following

Hi fellow traders, If your entry, M15 is whipsawed, you can go up a one-time frame. For day to day trading, it is wise to enter a trade, not below H1. M30 is borderline. Sai Ram

My Day Trading System (MDTS) in trend following

NO. ALWAYS WAIT FOR THE CANDLE CLOSES. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, I use most of the time the strategy in post#132. The system is accurate 80%. I trade GBPUSD at 95%. My daily objective is 20 pips. Start with the majors. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, You can enter a trade from H1 to M15. The Stop Loss wides with the time frame. Always calculate the risk (Stop Loss) when entering a trade. The new template is completed to trade from H4 to M15. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, No problem.

My Day Trading System (MDTS) in trend following

Hi, If you want to monitor more than 1 pair then the template attached below may help you. ALWAYS FOLLOW THE RULES. May the 3 forces be with you Sai Ram

My Day Trading System (MDTS) in trend following

Hi fellow traders, I want to share with you the MDTS simplified. It is very easy to follow. Even the newbies don't have to take time to absorb the idea. The system contains 3 parts: 1) Determining the trend in H4 2) Wait for the retracement in H1 3) ...

My Day Trading System (MDTS) in trend following

Hi, When I create the system I use GBPUSD to make the tests. This is a pair that I traded for more than 8 years. Because we can grab 20 pips in 1 trade. I think we can trade others pair with the system. The problem is each pair has its own ...

My Day Trading System (MDTS) in trend following

Hi, We can not do anything regarding the NEWS. What we can do is doing the analysis of the new direction. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, You have asked very good questions. So the others can understand the strategy we use to grab some green pips from the markets. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, Here is an example to sell the pair by using the setup formed in H1. GBPUSD H4: Downtrend --- 5/10 ema cross down H1: QQE is trading below 50 Level (bearish); H4 and H1 are aligned. Price closes above 5 ema (high), candle(2). The candles (1,2) ...

My Day Trading System (MDTS) in trend following

Hi, I trade both, Price Action (PA) and MAs. Some time lagging provides precious information. For instance, the trend changes direction in H4 by observing the PA. But the cross of MAs is not yet. But we can see in H1 the momentum of the market by ...

My Day Trading System (MDTS) in trend following

Hi, These are the 4 pairs that I trade during the London session. If the price closes below the yellow horizontal line in H4 then the trend changes. The MAs will follow later. Because they are lagging. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, EURUSD for the future trade H4: The candle (1,2) formed an Out Side Bar (OB). The candle (1) is a signal bar. If the price closes below the low of the candle (1) then the uptrend will reverse. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, EURJPY, GBPUSD, AUDUSD for future trade. H4: The candle (1,2) formed Higher High (HH). The candle (1) is s signal bar and the low of the candle (2) serves as the break out entry point. If the price closes below the low of the candle (2) then the ...

My Day Trading System (MDTS) in trend following