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  1. #1
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    Cool What is the best system to trade the daily charts?

    I'm willing to risk about 200 pips per trade and I prefer the major currency pairs such as EURUSD GBPUSD USDJPY.

    Please tell me what you believe is the best system to trade using the daily charts. It could be a commercial system or a system of your own creation. If possible, please provide a download link for indicators/template/pdf so it will be easily accessible to us all. Also helpful if you spell out the rules and logic of the system. Thanks !

  2. #2
    Super Moderators Array hermanhess's Avatar
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    well try to find out about John [email protected]'s Rich [email protected] trader, i believe you can also trade fx with it, though i can't say for certain it works since i have'nt personally tried it.

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  4. #3
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    I've personally had above average results trading the Brain Trend setups on a daily timeframe (among others). It's a trendfollowing setup that basically mimics the Abletrend system but it much more affordable. I risk 2% of my total account per trade and trade it across the EurUsd, EurJpy, GbpUsd, GbpJpy, UsdJpy, and UsdChf. One must be willing to trade thru drawdowns that generally run in the area of 8% to 10%. You absolutely must not flinch at taking the next signals when in the midst of such a drawdown. However, by doing so I've never yet failed to trade thru the drawdown and reach a new equity high. It is also imperative that you allow the winning trades to keep running as long as possible until the trailing stop is hit. If you are tempted to close out your winners early, you will not be profitable as it is the few very very big winners that put solid profits into your account. I've had 1000+ pip winners using this system. This setup just recently caught the bulk of the bull trend in the EurUsd where I entered at 1.2801 and was finally stopped out at 1.3741. Profits were over 11 times the size of the initial risk. So if you have trouble with letting your profits run, don't trade this system as that is a crucial key to trading it successfully. You can find the system here:
    http://indo-investasi.com/showthread.php/704-BrainTrend-Proven-Manual-Trading-System?highlight=brain+trend

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  6. #4
    Platinum Member Array Roels Major's Avatar
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    Time is relative.....

  7. #5
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    My preferred for DAILYS:

    Profitunity (Bill Williams Chaos)
    http://www.forexfactory.com/showthread.php?t=26044

    Trendfinder:
    http://www.forexfactory.com/showthread.php?t=91452

    AshFX:
    http://www.forexfactory.com/showthread.php?t=156889

    BigSandwich:
    http://www.forexfactory.com/showthread.php?t=34494

    EurUSD TrendMAgic:
    http://www.forexfactory.com/showthread.php?t=252157

    RSI Daily Pivot:
    http://www.forexfactory.com/showthread.php?t=13169

    Method BB:
    http://www.forexfactory.com/showthread.php?t=16101

    Ichimoku:
    http://forums.babypips.com/free-forex-trading-systems/18471-ichimoku-trading-system-7.html

    Regards

    indo37

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  9. #6
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    Interesting thread Diesel. Some time ago I decided to look at daily trading but let it drop since I was in Bulgaria and midnight, uk, for me was two in the morning.
    Now that I am here in Penang, it is time to look again. Midnight UK is 0800 for me so easy to play.

    I set up a multi strategy chart with:
    Daily IB, Dean Saunders;
    3rd Candle;
    Fozzy, from FF;
    Lindencourt Daily;

    Possibly a 3x5 EMA cross, I will look during the course of the day if I am not too busy with my demo breakouts trial.

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  11. #7
    Gold Member Array Sesshoumaru's Avatar
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    Could you please tell me where I can find Dean Saunders' Daily IB system?
    Thanks in advance!

  12. #8
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    You should find it in the 10MFWB system which is shared here.


    http://indo-investasi.com/showthread.php/6275-request-10-minute-forex-wealth-builder?highlight=10mfwb
    Last edited by daveg1; 11-17-2010 at 02:36 AM. Reason: add link

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  14. #9
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    Quote Originally Posted by Sesshoumaru View Post
    Could you please tell me where I can find Dean Saunders' Daily IB system? Thanks in advance!
    I think that it is called Forex Wealth Builder but if you search for Dean Saunders I suspect that you will find it shared.

    Failing that, TRO has 'in/out' indicator on Kr€5lik.com

    HTH

    SORRY!!! Didn't see daveg1 post. It is the proper name...10 min etc.
    Last edited by Freddie; 11-17-2010 at 02:50 AM.

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