Interesting thread here mate I use a similar way to trade along with chart patterns, do draw your support resistance (swing points) on the daily then use them for entry or draw them on the weekly and then move down to daily and wait for price to come to that swing level??
Interesting thread here mate I use a similar way to trade along with chart patterns, do draw your support resistance (swing points) on the daily then use them for entry or draw them on the weekly and then move down to daily and wait for price to come to that swing level??
profitable trading does not mean trading everyday
- #135
- Edited 11:28pm May 8, 2018 10:14pm | Edited 11:28pm
- | Commercial User | Joined Apr 2013 | 4,366 Posts
Nice thread guys
Here is a way to possibly apply market structure logic using swings at the higher timeframe to give you more confidence with your swing trading at the lower timeframes with respect to entries and trade management to exit.
So now we are at D1 and here are my swings of interest by sorting the chaff out from the wheat.
....or if you want better pinpoint sniper entries....jump down to say M30 and do the same exercise.
Here is how I am actually currently trading it with different rule modifications.....but the technique is discretionary in relation to entry. The principle however is similar.
.....and then just diversify like the clappers to plot your best potential outcomes :-)
Here is a way to possibly apply market structure logic using swings at the higher timeframe to give you more confidence with your swing trading at the lower timeframes with respect to entries and trade management to exit.
So now we are at D1 and here are my swings of interest by sorting the chaff out from the wheat.
....or if you want better pinpoint sniper entries....jump down to say M30 and do the same exercise.
Here is how I am actually currently trading it with different rule modifications.....but the technique is discretionary in relation to entry. The principle however is similar.
.....and then just diversify like the clappers to plot your best potential outcomes :-)
I think GBPAUD and GBPNZD are bullish. GBPNZD does look like it can move lower, but its seems like its ranging. So I think its possible price will move down before moving up. Lets see what happens. Nice charts!
profitable trading does not mean trading everyday
I do respect swing trading... previous anticipation pic https://www.forexfactory.com/attachm...6&d=1525830660
profitable trading does not mean trading everyday
Possible USD/CAD short Idea {image}
P.S.: Seems like your trade idea on USD/CAD plays out very well – hope you could bank some pips on that!
