190# Forex day trading system

Dimitri 2025

Day trading in the Forex market involves opening and closing positions within the same trading day, avoiding overnight exposure to market risk. This strategy is designed for traders who want to capture short-term price movements, relying on technical signals, strict risk management, and disciplined execution.

Core Principles

Liquidity First: Trade only the most liquid currency pairs (EUR/USD, GBP/USD, USD/JPY, AUD/USD). This ensures tight spreads and reliable execution.
Timeframe Selection: Use the 15-minute and 1-hour charts for identifying trends, and the 5-minute chart for trade entries and exits.
Volatility Windows: Focus on the first 2–3 hours after the London and New York sessions open, when volatility and volume are highest.

Technical Setup

Trend Filter: Apply the 50-period Exponential Moving Average (EMA) on the 15-minute chart. Only trade in the direction of the EMA slope.

Momentum Confirmation: Use the Relative Strength Index (RSI, 14) to identify momentum. Trade only when RSI is above 55 (for longs) or below 45 (for shorts).

Entry Trigger: Wait for a pullback to the 20-period EMA on the 5-minute chart. Enter when a bullish/bearish candlestick pattern (engulfing, pin bar, or strong rejection) forms in line with the trend.

Risk Management

Stop Loss: Place the stop loss just beyond the most recent swing high/low, or at least 10 pips away from entry if swings are unclear.

Take Profit: Aim for a 1:2 risk-to-reward ratio. Consider partial profit-taking at 1:1 and trailing the stop for the remainder.

Position Sizing: Risk no more than 1–2% of total account equity per trade.

Trade Management

Discipline Rule: Do not exceed 3–4 trades per day. Quality outweighs quantity.

Exit Signals: Close trades early if opposite candlestick patterns form near key support/resistance levels or if volatility dries up.

Journal Keeping: Document each trade with entry, exit, rationale, and emotional state to refine the strategy over time.

Psychological Framework

Day trading requires emotional control and patience. Avoid overtrading, chasing missed moves, or widening stops. Consistency comes from following rules, not from predicting every price swing.

Pullback Forex Strategy

Submit by Nico (Written by Domino

Time Frame 15min, 30min H1.

Currency pairs:Any.

Indicators:

(EMA) exponential moving average (14),

(EMA) exponential moving average (42),

RSI (21)

William’s %R ( 7)

If MAE 14 > MAE 42 then the Big Trend is Up. That means, you

must wait a Long signal.

If MAE 14 < MAE 42 then the Big Trend is Down. That means,

you must wait a Short signal.

I use RSI because it’s a forex indicator that follow the Big Trend

with more accuracy. It doesn’t give many false signals when

prices do a little pullback. It’s an advantage . I use RSI only to find little pullbacks, but sometimes

it can help me to go out of my day trades.

I use it like a pre-signal, we’ll see that later.

William’s %R is the King of forex indicators. I use it to

find the turn point of pullback.William’s %R shows me when the end of a pullback is near. When 0 C William’s %R < 15 , that means our little pullback is near dead