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Practicing swing trading

  • #1
  • First Post: Aug 21, 2015 12:26pm Aug 21, 2015 12:26pm
Hy, guys.

I am a newbie trader.

Would anyone like to work together on identifying the swings and practising entering, adding to positions after the trend continuation, locking and eventually closing the deals in Forex Tester from April 1 till September 1 2015 on EURUSD.

The mains tools: 123 pattern, ma300, 1h chart only, trend lines.

The main objective is to practice swinging and locking the positions. I am not a big fan of locks, but seems like I need to practice them, as they might come very handy.

Please contact me via skype -- andrew05247.
  • #2
  • Aug 23, 2015 7:36am Aug 23, 2015 7:36am
Here are several examples of the swing trades that I have worked through in forex tester.

http://postimg.org/image/hkv78yp77/

I am sure that it will give some help in building up the right kind of medium swings strategy for trading h1 in eu.

The only problem that I have right now is stop losses management. I have decided to treat it this way. When I see the beginning of the larger H1 trend, I can open the first "position" -- i.e. a part of the deal, then I can open other positions, all of those positions will be included in the same deal. So, if the potential risk on the first position was 3, then it went along the trend for some time, then I decided open positions 2 and 3 and because they were kinda close, I have the risk of 4-5 percent instead of the maximum 3 percent, it's OK, since I have already gotten some profits from position 1... Something like that.

I also have the email alet. In case of a significant adverse movements, I will be notified so that I can exit all of the deals at the Break-Even level for the overall deal (not individual positions) or a lit bit lower that be level.
  • #3
  • Aug 23, 2015 1:47pm Aug 23, 2015 1:47pm
Might be worth your while to look into Bollinger band bounces coupled with Fibi support resistance points and candlestick indicators. At-least for me I find that the simpler it is to visualize the better my trades go! Then again I'm happy with 10 pips here and there haha
  • #4
  • Aug 24, 2015 1:45am Aug 24, 2015 1:45am
Quoting QSLeap
Might be worth your while to look into Bollinger band bounces coupled with Fibi support resistance points and candlestick indicators.
don't forget to add MACD, RSI, OBV, Elliot Waves cuz it won't work without them
  • #5
  • Aug 24, 2015 1:50pm Aug 24, 2015 1:50pm
Quoting leebsurag
{quote} don't forget to add MACD, RSI, OBV, Elliot Waves cuz it won't work without them
My brain would melt from all the noise! You're a champion if you mean all one one chart
  • #6
  • Aug 24, 2015 3:05pm Aug 24, 2015 3:05pm
hi guy's there is a good page with some open experienced traders on (4 hour strategy MACD)
  • #7
  • Dec 1, 2017 3:08am Dec 1, 2017 3:08am
Quoting Ross88
hi guy's there is a good page with some open experienced traders on (4 hour strategy MACD)
Hello Ross, where is the page link?
  • #8
  • Dec 1, 2017 6:20am Dec 1, 2017 6:20am
Quoting Majeeda
{quote} Hello Ross, where is the page link?
https://www.forexfactory.com/showthread.php?t=14630
  • #9
  • Dec 2, 2017 5:34am Dec 2, 2017 5:34am
Quoting andrew052
Here are several examples of the swing trades that I have worked through in forex tester. http://postimg.org/image/hkv78yp77/ I am sure that it will give some help in building up the right kind of medium swings strategy for trading h1 in eu. The only problem that I have right now is stop losses management. I have decided to treat it this way. When I see the beginning of the larger H1 trend, I can open the first "position" -- i.e. a part of the deal, then I can open other positions, all of those positions will be included in the same deal....
What’s the yellow line is your chart? Is it fibo or anything else?
  • #10
  • Sep 1, 2020 1:44pm Sep 1, 2020 1:44pm
You need to do practice as much as you can to make a profit from this market. The more you practice the more you have the possibility to make money from this market.
  • #11
  • Sep 2, 2020 5:15am Sep 2, 2020 5:15am
Quoting WillGagnon
You need to do practice as much as you can to make a profit from this market. The more you practice the more you have the possibility to make money from this market.
Yes that's why it's said that practice makes a man perfect. But while practicing one must learn from the mistakes they made. Also he/she needs to read a lot to learn new aspects of trading.
  • #12
  • Sep 3, 2020 6:42am Sep 3, 2020 6:42am
Quoting HisaoFujioka
{quote} Yes that's why it's said that practice makes a man perfect. But while practicing one must learn from the mistakes they made. Also he/she needs to read a lot to learn new aspects of trading.
Yes practice makes us skilled. But for practice we need enough knowledge about forex market. A person needs to practice until he knows what he is doing. He should know why he is opening a trade.
  • #13
  • Last Post: Sep 3, 2020 7:00am Sep 3, 2020 7:00am
the trading strategy that we have choose actually not works due to lack of money management , thats why we the traders cant profit consistently.
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