trading system for daily timeframe?
You can try DDFX system, the "THV bull & bearish" indicator is not repaint. You can use it in any timeframe.
According to forex market, the summary results can be best observed by the end of the day. Making profits with more price action and more trading opportunities, but also a lot of time spent in front of the monitor every day.
Here is a simple one: the inside bar day trading system. The inside bar or candlestick is the bar that close within the shadow of the previous candlestick. It often signifies a period of rest or indecision in the market resulting in much short length of the bars. Shorter length of bars means small stop loss distance as well.
the inside bar trading system is designed to catch the move in either direction when the market decides to move again.
put a buy stop and sell stop order when you see an inside bar. if one order is activated, close the other one. Immediately exit on the close of 3rd day (the 3rd day includes the inside bar).
Stop loss will be just below the low of the insider bar if you are long and just a few pips above the high of the inside bar if you are short.
How to manage your trade: couple of options: (1) just move stop loss and place under low/high of each of the next 2 days bars (2) or do nothing. just exit on the third day with whatever profit you have.
when you say daily do you mean open and close within the day or are you talking end of day entry?
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anyone with a trading system that is suitable for the daily timeframe should please help and post cos i am badly in need of one