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DoNotFollowThis

  • #561
  • Oct 17, 2017 12:54pm Oct 17, 2017 12:54pm
Short term double top with retest.
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A trade should be based on an assumption based on facts
  • #562
  • Oct 17, 2017 12:56pm Oct 17, 2017 12:56pm
Quoting maverick2017
Short term double top with retest. {image}
^^Wrong. Double top appears in an uptrend.
A trade should be based on an assumption based on facts
  • #563
  • Oct 17, 2017 1:10pm Oct 17, 2017 1:10pm
think so
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A trade should be based on an assumption based on facts
  • #564
  • Oct 18, 2017 1:07am Oct 18, 2017 1:07am
UJ M1
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A trade should be based on an assumption based on facts
  • #565
  • Oct 18, 2017 1:12am Oct 18, 2017 1:12am
Quoting maverick2017
UJ M1 {image}
Wrong
A trade should be based on an assumption based on facts
  • #566
  • Oct 18, 2017 1:31am Oct 18, 2017 1:31am
I'm having problem exiting a trade in profit. I want to take as much profit as possible but it is not happening.
A trade should be based on an assumption based on facts
  • #567
  • Oct 18, 2017 1:34am Oct 18, 2017 1:34am
price doesn't spend a lot of time at its bottom or top.
A trade should be based on an assumption based on facts
  • #568
  • Oct 18, 2017 1:55am Oct 18, 2017 1:55am
Quoting maverick2017
price doesn't spend a lot of time at its bottom or top.
time spent out of trade is making me very restless.
A trade should be based on an assumption based on facts
  • #569
  • Oct 18, 2017 2:05am Oct 18, 2017 2:05am
Hoe to find out where orders are in the chart?
A trade should be based on an assumption based on facts
  • #570
  • Oct 18, 2017 5:50am Oct 18, 2017 5:50am
Waiting eagerly for margin call. So, I can start fresh.
A trade should be based on an assumption based on facts
  • #571
  • Oct 22, 2017 11:14pm Oct 22, 2017 11:14pm
Quoting maverick2017
{quote} These are not trendlines but are support and resistance lines.!
Correct
Conventional trading is for losers
  • #572
  • Nov 1, 2017 12:19am Nov 1, 2017 12:19am
old orders finished and new orders come in.
A trade should be based on an assumption based on facts
  • #573
  • Nov 1, 2017 6:43am Nov 1, 2017 6:43am
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A trade should be based on an assumption based on facts
  • #574
  • Nov 1, 2017 7:16am Nov 1, 2017 7:16am
I guess
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A trade should be based on an assumption based on facts
  • #575
  • Nov 1, 2017 9:58am Nov 1, 2017 9:58am
Quoting maverick2017
I'm having problem exiting a trade in profit. I want to take as much profit as possible but it is not happening.
Which approach you prefer?

A. Getting maximum Pips on a swing? Approach Long Term. Assume waiting 10 days to identify a swing, entry and exit - thats a complete swing cycle.
B. Getting Maximum pips on intraday? Approach Short Term. Trades on every 25 minutes interval with trade decissions coming from some xyz trading indi or method.

Assuming you risk 10% on each trade on USD 100 account. 1 dollar for 10 pips is what your leaverage allows.

Approach A, lets say for a 300 pips swing on GBPJPY gives you USD 30 (max - not considering swipe/spread deviations etc.).
Approach B, you trade atleast two trades in one hour and you trade for 12 hours on a trading day. So, 12 * 2 = 24 trades in a day with 1 dollar profit target to close all positions. That gives you USD 24 on each day.

Do you think the above scenarios are rational and why you are not able to follow this in real time?
  • #576
  • Nov 1, 2017 10:11am Nov 1, 2017 10:11am
Quoting rekon67
{quote} Which approach you prefer? A. Getting maximum Pips on a swing? Approach Long Term. Assume waiting 10 days to identify a swing, entry and exit - thats a complete swing cycle. B. Getting Maximum pips on intraday? Approach Short Term. Trades on every 25 minutes interval with trade decissions coming from some xyz trading indi or method. Assuming you risk 10% on each trade on USD 100 account. 1 dollar for 10 pips is what your leaverage allows. Approach A, lets say for a 300 pips swing on GBPJPY gives you USD 30 (max - not considering swipe/spread...
I think I'm more of an intraday trader but I think both approaches are possible. I cannot follow because I cannot exit from a trade, whether losing or profiting.
Swing trading will be more beneficial if those 10 waiting days give some trades.
A trade should be based on an assumption based on facts
  • #577
  • Nov 1, 2017 10:24am Nov 1, 2017 10:24am
Quoting maverick2017
I guess {image}
I think you may put an RSI (3 to 5 for short term) and (12 to 15) for long term and CCI to check the instrument strength for Entry and exit on trades.
  • #578
  • Nov 1, 2017 10:38am Nov 1, 2017 10:38am
I don't like a messy chart but I'll try this and see if there is an improvement. But how to use them?
A trade should be based on an assumption based on facts
  • #579
  • Nov 6, 2017 11:28pm Nov 6, 2017 11:28pm
The aim is to learn to read the markets just by looking at the quotes.
A trade should be based on an assumption based on facts
  • #580
  • Jan 18, 2018 8:30am Jan 18, 2018 8:30am
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A trade should be based on an assumption based on facts
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