One discretionary trading method (not really a method, more like a technique) (lol)
Introduction to several years of research and practice in day trading techniques.
If you look closely at the trends and charts for any of these methods, can you win? Yes, you can.
Do not chase things too deeply. Take your winnings and exit.
＜Trading method rather than a method/step-by-step＞(lol)
①Orthodox: 1-minute, 5-minute, 15-minute trades
(1) Use the indicators below to base on 3-10 cross (1-minute chart is good with 5-10), trade while also watching MACD and STC.
Determine trend with the 12 line. Decide entry and exit based on the situation. (1-minute or 5-minute)
Alternatively, enter and exit for each signal, trading with both long and short positions.
3, 12 line, 3-12 cross, MACD, STC.
BB is used to judge whether it is ranging or trending. In ranging markets, trade with contrarian signals.
(In ranging markets, using BB 2σ or 3σ for trading requires game-like quick reflexes, reaction speed, and concentration.
Primarily use contrarian signals.)
If price starts to swing wildly and you get stuck, pause, or look at the long-term line for trend, and trade contrarily as with ranges.
※ Main indicators
・EMA 3-12
・BB20
・MACD 12-20,6
・STC 12,3,3
(2) Use the indicators below to trade with both long and short positions by the ups/downs of each EMA line, BB 1σ/2σ, MACD, STC.
Trade using EMA3, BB4, MACD1, STC1, total 9 indicators.
→ Signals are too many and impractical. (lol)
Trading with both long and short positions for each EMA line, MACD, STC is the limit. Performance remains unknown. (grimace)
※ Main indicators
・EMA 5-25-75
・BB20
・MACD 12-20,6
・STC 12,3,3
② One-day, both-side OCO (one-cancels-other) settlement trade
A trade that uses a market with a tendency for one-direction movement by doing “morning bid in both directions with no chart” OCO settlement.
Markets typically move in one direction, so in the morning trade with large price movements in GBP or EUR by placing both sides.
Place OCO settlement and set a stop order conservatively at “30 pips.” The limit is unlimited, but set at “150 pips.”
Since EUR has smaller wicks, trade EUR/JPY 200k when trading GBP/JPY 100k.
③ Daily chart bullish/bearish candlestick trading
A trading approach that looks only at daily candlesticks, utilizing a one-direction market movement.
・Trade by looking only at the daily candlesticks and using bullish/bearish signals to buy/sell.
・Peak price range tends to occur around 1:30, so trade from morning to night until that time.
④ 36-bar single chart & 1-day trading
・Trade based solely on whether SMA 36 is above or below. It’s fine on a 5-minute chart. Use OCO settlement.
＜Important points＞
・Trade at the fixed times.
The market is active, price moves are lively, trends are easy to form, and profits are large.
(1-day trades are separate. Place bid orders for both sides in the morning.)
Time zone: in summer time 14:00–0:30, in winter time 15:00–1:30,
In particular, London summer time trading becomes active at 15:30 and 21:00, and in winter at 16:30 and 22:00.
Be careful around 00:00. Closer to London’s afternoon session.
・Trade according to the trading rules. However, during US major economic releases, trade by instinct while watching the candlesticks.
・Check major economic indicators before starting to trade.
・If you fall into a box, range, or sudden swings even once,
stop trading for a while to observe, or trade contrarily and wait for a rebound.
＜Reference＞ Day-trading indicators parameter values
In my case, I do not use breakouts. They cause big losses when reversals occur.
○SMA
1-20 Original
1-25 Original
3- 8 Original (easy to use on 5-minute chart)
3- 9 General
3-10 Original (easy to use on 1-minute chart)
3-12 General
3-15 Original
3-25 Original
5-10 Original (easy to use on 1-minute chart)
5-25 General
1-36 Original ( surprisingly useful)
○ Bollinger Bands
9 General
12 Original
15 Named after someone
21 Bollinger
20 General (this one is the best!)
25 General
※ By the way, there is something called Super Bollinger, but it is completely unusable.
There are hardly any cases where a clean range makes Bollinger Bands open widely.
○ MACD
5-10,5 Original
6-19,9 Appel
8-17,9 DiNapoli
9-17,7 Manning (this one is fairly good)
5-34,7 Investment Garden
12-20,6 Some Person
12-24,6 Some Person
12-26,9 Appel
19-39,9 Appel
In this way, I conduct discretionary trading.
End
P.S.
A family man who is a breadwinner (a married man with children and a company employee) trained in a demo account and gained confidence that steady profits could be earned.
Then he quit his job and started trading with real accounts, but suffered large losses every day...
Nevertheless, after continuing to trade, he faced repeated defeats and finally went bankrupt...
After that, he got divorced... the man became a wreck...
This is not about me, but it is not someone else’s business either. I, too, have suffered losses amounting to hundreds of thousands of yen and ate only bread every day... (crying)
