another example of 50% power
AUD CADH4
AUD CADH4
Attached Image (click to enlarge)
To gives a perspective and context of how hard this swing can be,
take a look at my last week setup post: https://www.forexfactory.com/showthr...2#post11100952
I was predicting that USDCAD will go from 1.3 to 1.29 and back again to 1.3
This indeed happened
It moves after the confirmation bar of double top and double bottom
at the same time, I also predicted that NZDJPY will go from 75.5 to 76.5 and back again to 75.5
it did go to 76.5, but after dip down to near 74.5
If I wait for the confirmation bar, then I can get 150 pip from 75 to 76.5
But if I was not patience and get a buy at 75.5 and set SL at 74.8++, I can get easily wiped out.
I also predicted on CADJPY, and it kind of similar with the NZDJPY result
There's also one that is easy enough even for newbie like the EURUSD trade that I also did mention.
I predicted that it will get a pullback to 1.17 and then continue to 1.16
It did happen, and I can get a nice 80 pip after the confirmation bar close (1.168) to 1.16
I also can get better entry if I'm very sure for the sell and take a limit entry at 1.17. But I need to get a good protected SL for that (around 1.175++)
____
Now, in the end which trade did I get? I get the USDCAD and the EURUSD, but the JPY is just too scary after the sharp drop. I don't have the nerve against that kind of strong moves lol.
Have a nice weekend
take a look at my last week setup post: https://www.forexfactory.com/showthr...2#post11100952
I was predicting that USDCAD will go from 1.3 to 1.29 and back again to 1.3
This indeed happened
It moves after the confirmation bar of double top and double bottom
at the same time, I also predicted that NZDJPY will go from 75.5 to 76.5 and back again to 75.5
it did go to 76.5, but after dip down to near 74.5
If I wait for the confirmation bar, then I can get 150 pip from 75 to 76.5
But if I was not patience and get a buy at 75.5 and set SL at 74.8++, I can get easily wiped out.
I also predicted on CADJPY, and it kind of similar with the NZDJPY result
There's also one that is easy enough even for newbie like the EURUSD trade that I also did mention.
I predicted that it will get a pullback to 1.17 and then continue to 1.16
It did happen, and I can get a nice 80 pip after the confirmation bar close (1.168) to 1.16
I also can get better entry if I'm very sure for the sell and take a limit entry at 1.17. But I need to get a good protected SL for that (around 1.175++)
____
Now, in the end which trade did I get? I get the USDCAD and the EURUSD, but the JPY is just too scary after the sharp drop. I don't have the nerve against that kind of strong moves lol.
Have a nice weekend
Be the market
{quote} Yeah, I also feel that it is the true way for trading. I mean, sure there are a lot of ways to get a consistent profitable trade, such as harmonic trading which I found it actually one of the easier method to trade, but I just don't feel it fully explains why the market moves so much in such ways that the fundamental can't explain. But with swing trading I feel everything is explained really well that the market moves relies on structures to do a trend continuation. It is kind of hard though, there are a lot of good setups, but it needs...
I too really like swing trading + PA method. That's why I decided to start the thread looking for traders who analyses the charts like me...
Thank you for sharing your thoughts and experiences...
profitable trading does not mean trading everyday
- #309
- Jun 2, 2018 1:44am Jun 2, 2018 1:44am
- | Joined Jan 2018 | Status: Trader | 1,643 Posts
XAUUSD W
GBPNZD W
usdchf W
usdcad w
If you are interested in my analysis for an another pair , feel free to tell me because I have a lot and I cannot post all of them
Nice weekend !
GBPNZD W
usdchf W
usdcad w
If you are interested in my analysis for an another pair , feel free to tell me because I have a lot and I cannot post all of them
Nice weekend !
- #310
- Jun 3, 2018 12:56am Jun 3, 2018 12:56am
Hello fellow traders,
GBP/USD weekly, i think this long term structure still possible.
Thanks
GBP/USD weekly, i think this long term structure still possible.
Thanks
Hello fellow traders, Below some longer term structures for consideration. Thanks GBP/USD weekly {image}
"The markets can remain irrational longer than you can remain solv
