LAST (Long term Analysis - Short term Trading) | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Short Term Vs. Long Term Trading 81 replies

Why Trading Forex is So Difficult - Long Term vs. Short Term 84 replies

Long term Vs Short Term Trading 72 replies

Short Term / Medium Term / Long Term? 3 replies

Attachments: LAST (Long term Analysis - Short term Trading)
Exit Attachments

LAST (Long term Analysis - Short term Trading)

  • #41
  • Edited 9:33am Jun 24, 2017 9:19am | Edited 9:33am
Quoting Boulder
{quote} Abokwaik, Thank you for your sharing your knowledge. Can you explain why you took short trades on EU above DO. I did too but I closed all my positions due to the weekend
Please see explanation below.
I also closed all my positions before market close.

Quoting Thenew
{quote} Hi abokwaik, very nice threath, subscribed, like this aproach simple and efective... Did you shorted because althougth you were above DO, London rejected 1.1177 and then traded below is open ( London open ). Thanks for sharing...
Thank You.

That's one way to look at it, supported by the below chart, notice how the two previous weeks closed below 1.20000:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 29 KB


Plus:

  1. Price near near daily high (DH)
  2. It was late trading week hours where price usually do not make huge moves (so risk is at minimum)
  3. Positive swap if we had to leave the positions open over the weekend

No guts, no glory
  • #42
  • Jun 24, 2017 9:41am Jun 24, 2017 9:41am
Quoting Mhons
{quote} Really nice results, congrats One question: You trading without SL, you have mental SL when things go wrong or SL= account? Thank you for answering
SL is negatively correlated to Leverage (Position Size).
When I trade with low leverage I don't care much about SL. So I have it a way from current PA.
With big positions its tight 5 to 10 pips.
No guts, no glory
  • #43
  • Jun 24, 2017 10:32am Jun 24, 2017 10:32am
Really like your concept. Not good enough to decipher PA on a M5 chart so think I'll stick to stochastic crosses and try to learn PA along the way. Can you confirm if you use volume in the following manner: long bias, price retreats and makes a low but with lower volume, if confirmed with OS stochastic might this be an entry signal?
  • #44
  • Jun 24, 2017 2:32pm Jun 24, 2017 2:32pm
Quoting vikvikram
Really like your concept. Not good enough to decipher PA on a M5 chart so think I'll stick to stochastic crosses and try to learn PA along the way. Can you confirm if you use volume in the following manner: long bias, price retreats and makes a low but with lower volume, if confirmed with OS stochastic might this be an entry signal?
Reversals are usually accompanied with high volume, due to stop loss hunt, and smart money buying cheap.

Refer to post#15 : Best pullback are when you see high volume at bottom for long, or at high for short.
No guts, no glory
  • #45
  • Jun 24, 2017 2:38pm Jun 24, 2017 2:38pm
My bias is USD Long due to reasons know to every one.
But markets don't go in one direction. So I go with the market, I trade smaller lots shorting USD for smaller gains when opportunities are there.
This is what I did yesterday , where I bought E/U and Sold U/J.
No guts, no glory
  • #46
  • Jun 24, 2017 2:43pm Jun 24, 2017 2:43pm
Trading forex and markets in general is not an easy job, but can be very rewarding when you can "sway" with the market.
No guts, no glory
  • #47
  • Jun 24, 2017 2:51pm Jun 24, 2017 2:51pm
My long-term trade for this year on E/U would be shorting E/U above 1.12 to below 1.08.
No guts, no glory
  • #48
  • Jun 24, 2017 8:52pm Jun 24, 2017 8:52pm
Quoting abokwaik
My long-term trade for this year on E/U would be shorting E/U above 1.12 to below 1.08.
This is a breakout setup you have in the picture above on weekly chart, when ever it breaks you better be on the right side.
R:R "Percentage Focus"
  • #49
  • Jun 24, 2017 10:35pm Jun 24, 2017 10:35pm
Quoting PrinceJ58
{quote} This is a breakout setup you have in the picture above on weekly chart, when ever it breaks you better be on the right side.
I didn't take that trade yet. When I will take it it will be on the way down. With this system I trade short term m5 to h1 based on current and previous daily open(s), when time is right, part of these trades may LAST and reach optimal targets.
No guts, no glory
  • #50
  • Jun 25, 2017 1:54pm Jun 25, 2017 1:54pm
Quoting abokwaik
{quote} I didn't take that trade yet. When I will take it it will be on the way down. With this system I trade short term m5 to h1 based on current and previous daily open(s), when time is right, part of these trades may LAST and reach optimal targets.
When i get time i will review the concept, i know i will come up with something...I sent you some P.M.
R:R "Percentage Focus"
  • #51
  • Jun 25, 2017 2:43pm Jun 25, 2017 2:43pm
Price tends to range when current PA is between yesterday's open price and today's open price.
No guts, no glory
  • #52
  • Jun 25, 2017 2:53pm Jun 25, 2017 2:53pm
Big position traders get in and out fast because they can not withstand high draw down.
They seek accurate entry points for small pip targets.

Predicting a 1-pip move is much easier than predicting a 20-pips move.

Big position is a relative term.
No guts, no glory
  • #53
  • Jun 26, 2017 2:26am Jun 26, 2017 2:26am
Hi Abokwaik, hi all,

Great thread. Thanks for sharing. No indicators, PA. These are the ones I prefer. Clean graphics, just watch what price is telling us.

I'll follow you.

Happy pips to all.

gonso
  • #54
  • Jun 26, 2017 6:44am Jun 26, 2017 6:44am
I slept very late last night (Eid holiday!) after 1% boring gain in the Asian session. I just woke up. and of course I missed most of the action in London session.
Most of my pairs have moved alot (in my Asian direction ) , so we wait for a decent retrace and enter on pull back.
NY is around the clock, we'll see how it will do in the first 30 minutes.
No guts, no glory
  • #55
  • Jun 26, 2017 6:51am Jun 26, 2017 6:51am
My Gold entries/exits earlier at Asian session. ()

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 26 KB


Potential re-entries around down arrows (after rejection).
No guts, no glory
  • #56
  • Jun 26, 2017 6:56am Jun 26, 2017 6:56am
Similar on E/U.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 29 KB


Watch price approaching 1.12 (or DO @ 1.11985) from below in NY session.
No guts, no glory
  • #57
  • Jun 26, 2017 7:00am Jun 26, 2017 7:00am
U/J

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 30 KB
No guts, no glory
  • #58
  • Jun 26, 2017 7:28am Jun 26, 2017 7:28am
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5.png Size: 21 KB


HV at Bottom. Possible Retrace. Trade with caution as this is below DO, or better stay aside.
No guts, no glory
  • #59
  • Jun 26, 2017 7:31am Jun 26, 2017 7:31am
I am in with small position.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5_2.png Size: 23 KB
No guts, no glory
  • #60
  • Jun 26, 2017 7:33am Jun 26, 2017 7:33am
closed half, and protected the other.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5_3.png Size: 24 KB
No guts, no glory
1 trader viewing now