10.9 DAILY/WEEKLY TRADES ONLY

Post by **Gertje** » Tue Apr 08, 2014 2:54 pm

Just had the 4th entry opened on GBPUSD, could have walked away with 300 pips but decided to give it 3 more hours and then look again.

IF the pair goes another 50 pips, it will give 200 extra pips so well worth the wait in my opinion.

D1 is indeed a patience game, need to sit on my hands from time to time.

gbpusdfdaily.png

Post by **art** » Tue Apr 08, 2014 5:32 pm

hi guys just going through all of the posts,and D1 time frames are alien to me, so still learning, the tma alerts that pop up on the charts telling me to close certain trades, should they be ignored on the daily, also now we have the monthly stoch, are we waiting for the weekly and monthly to agree, and what happens if the weekly goes against the monthly how do we play it, cheers

Post by **milanese** » Tue Apr 08, 2014 5:33 pm

art » Tue Apr 08, 2014 5:32 pm wrote:hi guys just going through all of the posts,and D1 time frames are alien to me, so still learning, the tma alerts that pop up on the charts telling me to close certain trades, should they be ignored on the daily, also now we have the monthly stoch, are we waiting for the weekly and monthly to agree, and what happens if the weekly goes against the monthly how do we play it, cheers

You can change the TMA timeframe experimental to D1, it is OOTB H4...

Cheers

Tommaso

Post by **art** » Tue Apr 08, 2014 5:49 pm

tomasso once again you are a star

Post by **Gertje** » Tue Apr 08, 2014 6:18 pm

art » Tue Apr 08, 2014 5:32 pm wrote:hi guys just going through all of the posts,and D1 time frames are alien to me, so still learning, the tma alerts that pop up on the charts telling me to close certain trades, should they be ignored on the daily, also now we have the monthly stoch, are we waiting for the weekly and monthly to agree, and what happens if the weekly goes against the monthly how do we play it, cheers

I think the D1 chart is new to most of us, certainly for me.
I set the alerts off, need to find my on timing for TP etc.

More and more I'm getting convinced it's the more peaceful TF.
Will post some pic's later.

If only that GBPUSD would cross THE 1.6750 mark...... It's there for nearly 4 hours.....

Post by **art** » Tue Apr 08, 2014 6:37 pm

Yep took some pips on that pair today, still long CSS showing usd weakness, here's hoping

Post by **spotdespot** » Tue Apr 08, 2014 10:25 pm

Gertje » Tue Apr 08, 2014 7:18 pm wrote:
I think the D1 chart is new to most of us, certainly for me.
I set the alerts off, need to find my on timing for TP etc.

More and more I'm getting convinced it's the more peaceful TF.
Will post some pic's later.

If only that GBPUSD would cross THE 1.6750 mark...... It's there for nearly 4 hours.....

I've been looking at it too. The great thing is that the stoch(7) seems so consistent with it. It seems like you can get decent trades even if against the monthly stoch as long as not against the weekly AND monthly and when you have the weekly & monthly aligned you can go a bit crazy with the scale-in/stack trades.....then you add in that the best trades are when price has breached the TMA boundary....

Beginning to like it more and more. I think I need to do more homework. :youknow:

Post by **rebyte2** » Tue Apr 08, 2014 10:47 pm

Feeling more comfortable with EURJPY.

I'm noting its close proximity to the lower TMA line.

Happy to TP there.

Post by **rebyte2** » Tue Apr 08, 2014 11:16 pm

Ok... update to CADJPY.

M STO has changed to sell, that now being aligned to the D. *tick*

Last fractal was a top *tick*

Have now removed my fib TP level and will eye off the lower TWA line.

Image shows putting sell stops at every 50 pip interval.

My first multi level trade attempt on the daily.

PS... please don't copy this as a trading recommendation. Purely educational only.

Post by **rebyte2** » Tue Apr 08, 2014 11:31 pm

For those folk that want to use the TMA indy, here is the one i'm using.

Also, i use this other indy to give the 50/ 100 lines.