Learn About The Power Of Trading The Daily Time Frame

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Learn How To Trade The Daily Time Frame And Why You Should Consider Trading It.
You Will Learn
- Why You Don't Get A Casino Mentality
- You Have Time To Make More Money
- A Complete Daily Time Frame Chart Trading Strategy
0:00 Introduction
0:20 Wait until the market closes
1:01 Casinos would hate the daily time frame
1:25 Tempting to keep "ringing the bell" with "winning trades"
1:46 Just like a gambler
2:43 4 Best Things About The Daily Time Frame
2:56 More Time Less Pressure
3:18 Scan the charts once a day for my setup
3:30 No temptation to jump on a fast moving train
4:18 Less Trade Frequency Better Odds
4:50 Stop loss is set in relation to the larger price swings of the daily charts
5:13 Win Rate Returns A Trade Frequency
6:23 Trading plan Profits run Other streams of
7:06 Not reacting to flashing lights
7:43 Simple Daily Time Frame Trading Strategy
7:53 20 period SMA 5 period ATR
8:04 Wait for price to break above the 20 period moving average
8:09 2 candle lows must plot completely above SMA to point out a trading signal
8:37 Trail your stop loss using the moving average
11:14 Less stressful
11:20 Once a day Set orders Manage trade
11:28 Ensure you can afford the $$ risk
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0:00 Introduction
0:20 Wait until the market closes
1:01 Casinos would hate the daily time frame
1:25 Tempting to keep "ringing the bell" with "winning trades"
1:46 Just like a gambler
2:43 4 Best Things About The Daily Time Frame
2:56 More Time Less Pressure
3:18 Scan the charts once a day for my setup
3:30 No temptation to jump on a fast moving train
4:18 Less Trade Frequency Better Odds
4:50 Stop loss is set in relation to the larger price swings of the daily charts
5:13 Win Rate Returns A Trade Frequency
6:23 Trading plan Profits run Other streams of
7:06 Not reacting to flashing lights
7:43 Simple Daily Time Frame Trading Strategy
7:53 20 period SMA 5 period ATR
8:04 Wait for price to break above the 20 period moving average
8:09 2 candle lows must plot completely above SMA to point out a trading signal
8:37 Trail your stop loss using the moving average
11:14 Less stressful
11:20 Once a day Set orders Manage trade
11:28 Ensure you can afford the $$ risk

[@CashRouteFx]

I don’t kno why people trade the lower time frames daily is king less noise big gains less stress get paid to be patient 💯💯💪🏽

[@ArtinTarverdi]

Get paid to be patient, 👍

[@Rasheentaylor]

@Mark Pappas Took me 3 years

[@pinacle8290]

100000000000000000000000% true said u

[@dopethings9328]

@Mark Pappas took me a year and half I was learning sooo fast sleepless nights

[@vinskyboy33]

Looks like 7 years wasted for me😅

[@youngkaiju]

I've learned so much from my mistakes and loss, and I decided to trade the daily chart as well. Admitting that I was actually gambling in the 1,5 and 15 min chart made me lose this casino mentality! The instant gratification will only drag me down. It's nice to hear it on a video too,thank you for posting this content!

[@jeramykennedy6813]

same, just switched this week to trading daily only, even though i made 9k day trading in dec it feels like gambling and I want to just set it and forget it

[@gleefull2962]

how do you select the timeframe when youre placing the order?

[@martynm7659]

I traded the 15m tf for about a year, then I switched to the daily tf best thing I did more time to enjoy life. Agree with everything you said excellent video❤

[@Netpicks1]

The daily gets ignored as people look for the fast buck with a small account. Glad you have found that success and thank you for the compliment.

[@dee23gaming]

Daily candlesticks have much more trustworthy price action. I like to zoom in to current price candles instead of zooming out the chart and getting caught up in randomness. I don't have to worry about random news releases, gaps, spreads, slippages, session opens and closes, flash crashes (some of them, not all), etc. Just simple and uniform price action. You can also sit back and study the fundamentals more to gain extra confluence for your trend-following system, because fundamentals are what moves a currency long-term. I wish I focused on the daily time frame more as a beginner.

[@putrinasria8250]

I started with small accounts and little money. With the lower time frame it is hard to make money. And even the profit are really small.and if u lose its bigger than the profit.I was frustrated.I started the daily time frame.making profit even slow.but the profit it’s worth it.and my small account slowly growing :)

[@ijstransplantatie12]

The best video out there! I’m frustrated too about the small timeframe f**kery. Zoom out, relax, focus, daily for the win. Thanks for this very informative video. Only 42 comments….. you deserve more views and respect.

[@Netpicks1]

Thank you. It is tough to compete with the "promises" of crazy riches by scalping the one minute chart or "the secret" to a million dollar trading account.

[@Logan2009ful]

This Vidoes Was So Helpful And Made Me Realize That I’m A Day Trader Watched It 4 Days Ago! PROFITED NICELY EVERYDAY SINCE INCLUDING TODAY!!! Dude you freaking ROCK!!

[@KinkyJalepeno]

Being a swinger myself I'm always looking for extra ways to consider the charts - I'm certainly going to forward test this on demo - Thanks for posting.

[@hai.1820]

Daily chart is the best. Even with an average strategy you will make money.

[@zamiadams4343]

Fantastic video, solid gold. Switching to daily & 4 hr charts are the key for me.

[@Netpicks1]

Keeps trading a little stress free in my opinion.

[@Netpicks1]

*Want To Learn More About Trading Options? ✅ Options Income Superstars: **www.netpicks.com/top10*

[@ToCan2tuViDa]

Right about been stress free😎. I get to eat breakfast 😆. Really does give you all the time you need to prep for trades and calmly place stop loss where they belong ...and go for a walk

[@Netpicks1]

Absolutely. Day trading gets all the love but these longer term holds using the daily chart, are gold.

[@hawkeyehowardinvesting3530]

Exactly!! 👍🏽😎

[@kevinali3700]

Wowwww!!! This nailed it!!!

[@DopeItzTheeOne]

Daily time frame trading is the best my gains have been so much bigger just being patient one good trade on the daily pays me way more than lower time frames.

[@Netpicks1]

Absolutely. Day trading gets all the attention but for most people, those shorter timeframes will chop them up and spit them out.

[@sanjeetrajkumar6481]

Valid points. Helpful.

[@kingedwardthenow]

Used this strategy to trade NIO... Less stressful... Up over 100%... You sir, have earned a subscriber

[@Lucas-vj8rr]

I love the daily especially with RSI.

[@gleefull2962]

how do you select the timeframe when youre placing the order?

[@_Island_Boy]

He is so right, the daily timeframe will give you the hugest and safest returns. It is far more accurate. Oh and be careful of FOLLOWING ALLL SIGNALS IN DISCORD CHANNELS. ALL ARE TOXIC. You will never hear someone become a multimillionaire from following a signal. Learn how to trade on the daily and 4h MAX. All other timeframes are child's play.

[@GaneshKumar-pj2bt]

Excellent video. Thanks..

[@Netpicks1]

Glad you liked it!

[@officialcampent]

Ive came back and forth to this video for the last two years and always didn’t have patience wanting to make fast money on the lower time frames finally realized that the daily time frame is best for me due to my job and it’s less stressful on the daily

[@Netpicks1]

Welcome back :) I have the time for day trading but it's not for me. While I don't trade this particular strategy, my trades are off the daily setup but often with intra-day entries when the price starts moving. It serves me well.

[@officialcampent]

@@Netpicks1 i def would love to learn that as well

[@blackafricanforex]

I prefer the 4hr time frame as my entry and exit trigger. The reason is because, although I use the daily time frame to look at market trend and major structures, the daily timeframe most times doesn’t give the perfect entry trigger and exit. The 4hr timeframe beats the daily timeframe in that regards. The 4hr timeframe isn’t fast at all and isn’t slow so you can get enough trades without having to stare at the screen all day. Plus it gives a better risk to reward.

[@Netpicks1]

To each their own. Four hour charts for FX are common as well. Better risk/ (potential) reward? That assumes a lot such as entry method, take profit, how stops are managed. I trade stocks, find setups on the daily chart and use either the daily or the 30 minute to enter. Glad you are doing well!

[@hardsignal]

i find trading opportunities on the daily every single day using a scanner same as everyone else. however it's much easier to see support/resistance and fib levels that mean something on daily tf plus I find signals from indicators like the stochastics much more reliable. once you find success trading the daily it's hard to go to back to a lower time frame... anything under an hour way too choppy. I have no idea how people trade a one minute chart so neurotic😲😆

[@cloudnoctis666]

how?

[@daodubabatade3397]

great video sir, but how do i calculate the 20% 5 ATR stuff

[@Netpicks1]

Take the reading of the 5 period ATR. Example is $2.00 Take 20% of $2.00 = .40

[@beyondthenature]

Since I start following daily trade, I start realizing that one must have a good fund on to the account because trader can't survive following Daily with putting small stop losses. Also in the beginning it is really hard for someone who came up from "so called" casino mentality to keep the position overnight & all day

[@Netpicks1]

Why does the stop have to be so tight to price? Generally, it's an account sizing issue where people use close stops to allow for greater position sizing. Using ATR X 2 is a good place for a trader to start.

[@beyondthenature]

@@Netpicks1 Make sense, thanks !

[@GlobalWorldNews1]

Good afternoon, thanks for your video, I always trade futures on a 1miunte chart - do you think this daily strategy could work for futures ? I am worry about the long time frame

[@Netpicks1]

Thanks for the question. I don't trade the low time frame such as the 1 minute so I can't speak to that. Understanding the setup along with what the intent of the setup is (exploiting what - where's the edge?) is key to deciding whether you should test it on your time frame. What makes you always trade on the 1 minute chart?

[@chinonsoolisakwe1790]

Valid points

[@kevinali3700]

Much better off the Daily

[@JattRisky1523]

can you give an example of entry at 20% x 5 ATR?

[@Netpicks1]

Sure. Highest high price is $10.00 The ATR reading is $1.00 20% of that ATR reading is .20 Add that .20 to the highest high price of $10.00 Entry price is $10.20.

[@baMOBam08]

No matter how many times I watch this and read the comments, I can't grasp how to calculate price+ATR. If my ATR reads (ATR(5) 0.0034) and current price is at 0.83528, where do I go from there? Please and thanks

[@Netpicks1]

No problem. Using your example of current price at .83528. Your atr reading is .0034 Calculation: .83528 + .0034 = 0.83868 0.83868 will now be the entry price for your trade.

[@mazin833]

Thanks for this video but it must put pivot point indicator on daily

[@Netpicks1]

Thanks. The only must in trading is to be mindful of risk.

[@nehemaialord2653]

What pairs to trade this on? Does it work on all forex pairs?

[@Netpicks1]

That is something where you will have to put in the work to find out

[@nehemaialord2653]

@@Netpicks1 Yes, I will backtest it on all the pairs. Good call! So far this strategy is doing well on EURUSD

[@khorshidtabande9083]

Hi when i trade with daily if it takes long time to move and reach my enterance and then take profit is it normal?

[@Netpicks1]

100% normal. You just need to make sure that while you are waiting for a trigger into the trade, conditions have not changed. If while waiting you get momentum against the direction you want, cancel the order since it's clear that conditions are not the same. Yes, take profits can take a while...or not. Depends. Daily charts can be a test on the patience.

[@blackafricanforex]

When trading the daily time frame, use a stop loss, but don’t use a take profit. It’s pointless using a take profits on the Daily timeframe. The reason is because it takes time to show a change of direction on the Daily timeframe. So getting out might just mean losing on more profits.

[@rxcanflow1021]

Is fractals a really good indicator to use on a daily chart along with alligator??

[@Netpicks1]

It depends. Will you find them adding anything to your trading? If not, no.

[@AymanAyman-nv3jg]

how the white candle consider low candle ?

[@Netpicks1]

Candles have high and low values.

[@baMOBam08]

The low of the white candle would be the open/ lower wick

[@haneyguitarinstruction6260]

Trading the daily is bad for developing traders because of lack of trades. Progress only occurs while inside of a trade. If the daily only gives 4 trades a month then it will take someone 10 years to fine tune their strategy vs 2 trades a day on the 2 minute. Thats 40 trades a month. That is a 10 times faster learning curve.

[@Netpicks1]

A developing trader using a 2 minute chart is not something I'd suggest for a multitude of reasons. 4 traders a month on a daily? You can look at more than 1 chart. I have 255 stocks on my watchlist today that fit my scan criteria. While many will be discarded for a few reasons, I will have far more than 4 traders per month.

[@JOHNTITOR-kg9zj]

I havs traded 6 years on smaller timeframe and now larger and realize it was a huge mistake trading smaller time frames

[@maarif8801]

Can you make backtest video this strategy?

[@Netpicks1]

Any backtest that I do would be worthless for anybody else. Backtesting/forward testing is all part of doing your job as a trader