Emotion - it steals your money.
Swift Trade All Time Return:
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Why does GBPUSD enjoy the biggest/easiest price moves? 7 replies
Disliked{quote} I pretty much only trade the GBPUSD at the NY open on the 5 minute chart. I like this pair because it has decent moves and a low spread. I don't care to watch multiple pairs and I don't think it is necessary. The GBPUSD moves plenty enough to make some good money with the right strategy. I would do the EURUSD but it doesn't move quite as well as the GBPUSD. I have looked at the GBPAUD but it can get right out of control at times but, man, when it moves it moves! With this particular strategy I am finding that the times frames higher than...Ignored
DislikedLearning! Of the 3 trades I took yesterday 2 failed and 1 is still open at BE. AUDUSD failed I think because when I add the 200 SMA I am clearly in a downtrend and not a newly building uptrend. This works as a good filter to only take trades on the right side of it and the 85 already mentioned in the thread as well as the MACD move across 0. I may miss some good moves but I feel I will filter out more losses than winners. {image} GBPAUD was also a bad move as although everything lined up for the 85 MA and the MACD and price moved out of consolidation,...Ignored
Disliked{quote} I pretty much only trade the GBPUSD at the NY open on the 5 minute chart. I like this pair because it has decent moves and a low spread. I don't care to watch multiple pairs and I don't think it is necessary. The GBPUSD moves plenty enough to make some good money with the right strategy. I would do the EURUSD but it doesn't move quite as well as the GBPUSD. I have looked at the GBPAUD but it can get right out of control at times but, man, when it moves it moves! With this particular strategy I am finding that the times frames higher than...Ignored
Disliked{quote} By restricting your self to trading just one pair & on one time frame your odds of success sky rocket compared to jumping from one chart to another. You've also noticed that one losing entry tends to constantly win in the opposite direction. Personally the road your on I wouldn't change a thingIgnored
Disliked{quote} Totally...those are my exact observations over the years. Now the trick is to stop getting bored and system hop and tinker with what, so far, is not broken! I am sooooo guilty of over trading, tinkering with a system to make it "better" and reading forums and I can't ever settle on one strategy or pair and work the shit out of it.Ignored
Disliked{quote} Well it doesn't have to be complicated and it defo doesn't get any easier than this one ayIgnored
DislikedWell that was a quick one! Just sat down for the New York open and placed a pending buy order possibly a little prematurely I admit. The Hull was red and turning down where I have the dashed white line so I placed a pending buy order at that point. Then after those three red HA candles...boom! Up she goes. So that's my winning trade for the day 16.8% added to account (yes, I trade aggressively 1 pip=0.5% to 1% depending on the stop loss distance) now I can go hang out on the roof top pool with my morning coffee {image}Ignored
Disliked{quote} Your effective trading the London open by the sounds of it. markets tend to be range bound over the Asian period. It's awesome that your making it your own. You may find comfort using various moving averages which isn't wrong but try to follow the trend bias using simple HH & LL's etc.Ignored
Disliked{quote} Totally...those are my exact observations over the years. Now the trick is to stop getting bored and system hop and tinker with what, so far, is not broken! I am sooooo guilty of over trading, tinkering with a system to make it "better" and reading forums and I can't ever settle on one strategy or pair and work the shit out of it.Ignored
DislikedEURGBP M15, long {image} hidden divergence, targeting the previous high at the left corner which is below round levelIgnored
Disliked{quote} Beautiful. Very risky trade but worked out for you. I'm not sure I could take it as to me it could just as easily fallen the other direction. Is there anything else you can tip us on as to why you were confident it would move like it did or were you just lucky?Ignored
Disliked{quote} I had a pending sell order placed just below the 1.28500 price where the latest Hull swing was (see yellow arrow pointing to the area). Pretty weak swing, I'll admit, but I'm eager I could have used the two earlier swings but I think I prefer to use the most recent. I certainly placed this particular buy stop on the early side of things as the Hull was red and moving down which I assumed was a new swing point but as soon as 8:00 AM hit, up shot the price! If price had gone down I would have caught the move with my sell stop order and...Ignored
Disliked{quote} So are you saying you add a buy and a sell order above and below the most recent swings? I read your post and it mentions a SELL order under the most recent low HMA swing which makes sense but then price took you into a long position so I am guessing you have an order on both sides of the recent structure in time for US Open to move in either direction?Ignored
DislikedTook this trade yesterday AFTER UK Open as candle closed below most recent swing low. Used a trailing stop to lock in profit as it succeeds but turns out to be a dud. I accept not all set ups work out but did I miss something here as currently I am only 4 from 10 trades but suspect I should be a lot higher than that by now? {image} Another one taken as most recent low was closed below. This time the trailing stop locked in enough profit to bring almost to BE luckily although I think I got in too late and my TP of 1R would have been hit. {image}Ignored
DislikedTook this trade yesterday AFTER UK Open as candle closed below most recent swing low. Used a trailing stop to lock in profit as it succeeds but turns out to be a dud. I accept not all set ups work out but did I miss something here as currently I am only 4 from 10 trades but suspect I should be a lot higher than that by now? {image} Another one taken as most recent low was closed below. This time the trailing stop locked in enough profit to bring almost to BE luckily although I think I got in too late and my TP of 1R would have been hit. {image}Ignored
Disliked{quote} Hi still learning but isnt the line you drew for the divergence on the histogram pointing down not up? Is this not bearish in nature?Ignored
Disliked{quote} Hello, it is a bullish hidden divergence because price is making HL while the oscilator is making LL. Check this out: {image}Ignored