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  • #21
  • Edited 11:41pm Nov 14, 2017 4:11pm | Edited 11:41pm
I moved the USD/CAD sl to 1,26961

I also realized that i missed a good setup on EUR/NZD on 09.11. I don't know how i did not see this but i will double check everything from now.
A very important rule which everyone should notice: Never get annoyed about potential profits which you lost because it will arouse greed in you.
Be the master of your emotions!
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.png Size: 58 KB
  • #22
  • Nov 14, 2017 5:24pm Nov 14, 2017 5:24pm
Quoting Upwave
I moved the USD/CAD sl to 1,26961 I also realized that i missed a good setup on EUR/NZD on 09.11. I don't know how i did not see this but i will double check everything from now. {image}
Hey .I like what you are sharing here . Do you trade eurusd today ? If yes what do you think about it? I'll g9 more up ??or dawn?
  • #23
  • Edited 11:45pm Nov 14, 2017 11:23pm | Edited 11:45pm
Quoting afgan84
{quote} Hey .I like what you are sharing here . Do you trade eurusd today ? If yes what do you think about it? I'll g9 more up ??or dawn?
Hey mate, i don't trade EUR/USD at all.
My pairs are:

  1. AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURNZD, GBPCAD, GBPJPY, GBPNZD, GBPUSD, NZDCHF, NZDUSD, USDCAD, USDJPY


At least i can tell you that i am currently long USD/CAD. If i am correct with my position than you currently have a down pressure on EUR/USD. Very superficial, this is no trade advice. As i said, i don't trade EUR/USD at all. Don't forget that i hold my positions for a couple of days, not for weeks.

  • #24
  • Nov 15, 2017 3:55pm Nov 15, 2017 3:55pm
Little update:

AUD/NZD SL got triggered today (-270.14€)

USD/CAD is performing good so far. I hope it will trigger my TP in the next 24h (+1.095,59€). I moved my SL to 1,27077 (+47,15€).
  • #25
  • Nov 15, 2017 5:06pm Nov 15, 2017 5:06pm
Quoting Upwave
Little update: AUD/NZD SL got triggered today (-270.14€) USD/CAD is performing good so far. I hope it will trigger my TP in the next 24h (+1.095,59€). I moved my SL to 1,27077 (+47,15€).
thank you for your answer. and good luck for you
  • #26
  • Nov 16, 2017 4:24pm Nov 16, 2017 4:24pm
USD/CAD SL got moved to 1,27233 (+201,10€)


Quoting afgan84
{quote} thank you for your answer. and good luck for you
No problem mate, appreciate your question !
  • #27
  • Edited 1:15am Nov 17, 2017 12:50am | Edited 1:15am
USD/CAD SL got triggered (+209,02€)

I could also have closed this and a lot of other profitable trades which i had on this account so far with a much higher plus. For example USD/CAD was even over +800€, but in long term it pays me off much more to wait for the pair to hit my profit target which are always over 1:1 win ratio. My USD/CAD position had over 1:2 potential win ratio. I always wait until my calculated SL or TP get triggered.
  • #28
  • Edited Nov 19, 2017 2:14am Nov 18, 2017 3:33am | Edited Nov 19, 2017 2:14am
Quoting afgan84
{quote} thank you for your answer. and good luck for you
Hey afgan84, i had a little bit time this sunday morning so i took a few minutes of my time to come back to your question.
As i already said i am not trading EUR/USD and this is no trade suggestion. This "forecast" is not part of my strategy, so i would never trade this case.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 53 KB


You can see that EUR/USD broke through the resistance of it's down channel which started to build on September 2017. You can clearly see how the price is now loosing momentum. It most likely do a typical re-test now of the resistance line and turns it into a support level (Resistance turns support). Once this re-test occured and you can clearly identify loosing momentum and good bullish candlestick support at the critical support level, than you have a possible long entry opportunity.
You can calculate channel profit targets if you measure the range in pips of the channel. In this case it's ~ 437 Pips. I myself figured out over the years that it's the best to multiple this number by *0,75 (75%). So mathematically you could actually have a pretty huge profit target. IF the re-test occurs, i suggest you to focus on the previous swing for you profit traget. You can see a very nice shooting star (15.11). If you want to trade it, i suggest to set your TP based on this swing. Also make sure that your position always has at least 1:1 win ratio.

This is no trade suggestion, only a desired input. I don't trade this pair and i never take trades which don't meet all requirements of my strategy.
  • #29
  • Nov 18, 2017 4:00pm Nov 18, 2017 4:00pm
Quoting Upwave
Little update: AUD/NZD SL got triggered today (-270.14€) USD/CAD is performing good so far. I hope it will trigger my TP in the next 24h (+1.095,59€). I moved my SL to 1,27077 (+47,15€).
Hey Upwave! i hope you're fine, i read your answer and i wanted to aske one more question but i was so buy with work. i wanted to aske you wich leveragedo you use traiding forex? i use usually x25 but when i enter at bad time it hits my SL that i put usually at -100 .
i would like also have you ideas about how many days i should hold my positions? because when i'mat work i don't have time to use chart or internet?
i know i aske a lot of questions, but i hope get you opinions .
Thank you!

Med
  • #30
  • Edited 3:29am Nov 19, 2017 1:59am | Edited 3:29am
Quoting afgan84
{quote} Hey Upwave! i hope you're fine, i read your answer and i wanted to aske one more question but i was so buy with work. i wanted to aske you wich leveragedo you use traiding forex? i use usually x25 but when i enter at bad time it hits my SL that i put usually at -100 . i would like also have you ideas about how many days i should hold my positions? because when i'mat work i don't have time to use chart or internet? i know i aske a lot of questions, but i hope get you opinions . Thank you! Med
Here is the thing Med. You need to be aware of your winning strike rate and your emotional state to decide your leverage. The emotional state is a very important thing for beginners because most can't handle high equity volatilities and their emotional state turns into a emotional rollercoaster. A lot of beginners also have never experienced what it means to suffer a huge drawdown. This is the reason why most rookies blow their account sooner or later. You have to decide your leverage based on that. One more important thing to say is, everyone who risks 10% or more will, in long term, blow his account, i can promise that. Over a time of 10, 20 or 30 years and more it's not possible. Sooner or later a huge drawdowns will occur for everyone. I always think very long term.

I personally hold my positions until my calculated SL or TP is getting triggered. The only expection is if i can really identify that the trade most likely will go against me. You can't have a rule of thumb after how many days you should close your trades. I don't know in which timezone you life but, as swing trader, it's very important that you do your trade selection and trade management once the new candle arise.

Please do me one favor and check your text at least for spelling mistakes. It's very hard to understand. Also this is no thread to ask rookie questions. I agree to answer more demanding questions!
  • #31
  • Nov 19, 2017 2:36pm Nov 19, 2017 2:36pm
Quoting Upwave
{quote} Here is the thing Med. You need to be aware of your winning strike rate and your emotional state to decide your leverage. The emotional state is a very important thing for beginners because most can't handle high equity volatilities and their emotional state turns into a emotional rollercoaster. A lot of beginners also have never experienced what it means to suffer a huge drawdown. This is the reason why most rookies blow their account sooner or later. You have to decide your leverage based on that. One more important thing to say is, everyone...
Hey Upwave!
i hope you're well. i'm sorry that i didn't pay attention when i was writing last time !and my english is also so poor
for my timezone it's GMT+1 as i'm in Morocco, so it's here now 8H30.
i know that i have asked rookies questions and i'm so sorry for that because i didn't find same sections for beginners here .. anyway thank you so much for your answers.
  • #32
  • Nov 19, 2017 5:14pm Nov 19, 2017 5:14pm
Quoting Upwave
{quote} Hey afgan84, i had a little bit time this sunday morning so i took a few minutes of my time to come back to your question. As i already said i am not trading EUR/USD and this is no trade suggestion. This "forecast" is not part of my strategy, so i would never trade this case. {image} You can see that EUR/USD broke through the resistance of it's down channel which started to build on September 2017. You can clearly see how the price is now loosing momentum. It most likely do a typical re-test now of the resistance line and turns it into a...
Thank you so much for all this informations you give to me even there are thing i don't understand like 75 %? what's its original?
Take Care!
  • #33
  • Edited 10:12am Nov 20, 2017 9:55am | Edited 10:12am
Quoting afgan84
{quote} Thank you so much for all this informations you give to me even there are thing i don't understand like 75 %? what's its original? Take Care!
From my and from a very experienced retired trader called Thomas Bulkowski, the price will most likely not hit 100 % of the calculated range. The probability that it only hits 75 % of the pip range is much higher. My motto is always to calculate a pip range which the pair will most likely hit and assure that the win ratio is at least 1:1. Don't overstrain the possible potential of your positions. Take your profit and get out.
  • #34
  • Edited Dec 6, 2017 1:21am Dec 5, 2017 4:29pm | Edited Dec 6, 2017 1:21am
I have a new long entry order setup for EUR/CAD today.

entry @ 1,50794
sl @ 1,49339
tp @ 1,53638
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.png Size: 29 KB
  • #35
  • Dec 6, 2017 4:41pm Dec 6, 2017 4:41pm
Quoting Upwave
I have a new long entry order setup for EUR/CAD today. entry @ 1,50794 sl @ 1,49339 tp @ 1,53638 {image}
Long position triggered. I keep my SL at 1,49339 for now.
  • #36
  • Dec 7, 2017 4:01pm Dec 7, 2017 4:01pm
EUR/CAD SL moved to 1,50195
  • #37
  • Edited 5:08pm Dec 13, 2017 4:42pm | Edited 5:08pm
I have a new short entry order setup on AUD/JPY

entry @ 85,611
sl @ 86,307
tp @ 84,708

D1 timeframe:
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.png Size: 37 KB
  • #38
  • Edited 5:25pm Dec 13, 2017 5:07pm | Edited 5:25pm
The EUR/CAD position from 05.12. is still open and paused in a range at the moment.
  • #39
  • Dec 14, 2017 4:39pm Dec 14, 2017 4:39pm
The SL of EUR/CAD position from 05.12. got triggered @ 1.50204

I have a new short entry order setup on AUD/JPY for today

entry @ 85,784
sl @ 86,542
tp @ 84,722
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.png Size: 40 KB
  • #40
  • Dec 19, 2017 10:34am Dec 19, 2017 10:34am
AUD/JPY 18.12. daily candle left 50/20 EMA zone => Order canceled
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