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  • #621
  • Sep 12, 2018 1:34pm Sep 12, 2018 1:34pm
Quoting richadi36
{quote} Hi Forest-Sea. I don't trade H1. I trade mostly on D1, very rare on H4. Because I think under H4 it is just noisy movements. Agree that on D1 entries don't occur too often, but I trade to get profit not just to trade... If you want swing trading on H1, try to trade it based on W1 and D1 trend... profitable trades, richadi36

Thanks Richadi, I fully understand your point. I rarely let a H1 or H4 trade go far . . . kind of a super scalping effort to me, but that isn't really swing trading.

Your argument suggesting that the real profits are on the D1 is well taken. I may well take the occasional H1 but you have helped reinforce my intention to track the higher TFs.

Thank you for your continuing work on this forum and excellent trading to you.

FS
  • #622
  • Sep 13, 2018 12:55am Sep 13, 2018 12:55am
can someone help me to understand where I'm wrong? I entered on the first candle that touched the resistance. Also looking at the Stochastic, it seemed like a good entry. Whenever I enter a swing, I either swing (within too high or too low) or track down!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 71 KB
  • #623
  • Sep 13, 2018 10:39am Sep 13, 2018 10:39am
Quoting Rdr
can someone help me to understand where I'm wrong? I entered on the first candle that touched the resistance. Also looking at the Stochastic, it seemed like a good entry. Whenever I enter a swing, I either swing (within too high or too low) or track down! {image}
Well, Rdr. I try to explain how I see swings in the chart... 2 examples on eur/jpy H4. I hope it helps you understand your entry point... by the way I never rely on indicators...
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 32 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4_2.png Size: 34 KB


profitable trades,
richadi36
profitable trading does not mean trading everyday
  • #624
  • Sep 13, 2018 11:46am Sep 13, 2018 11:46am
Quoting richadi36
{quote} Well, Rdr. I try to explain how I see swings in the chart... 2 examples on eur/jpy H4. I hope it helps you understand your entry point... by the way I never rely on indicators... {image}{image} profitable trades, richadi36
Hi, thanks for your help. I cut the picture to show you the candle where I made the entrance, the last candle. My mistake was to think it was a short situation, in what did I do wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: 20180913_184258.png Size: 11 KB
  • #625
  • Sep 13, 2018 12:00pm Sep 13, 2018 12:00pm
Quoting Rdr
{quote} Hi, thanks for your help. I cut the picture to show you the candle where I made the entrance, the last candle. My mistake was to think it was a short situation, in what did I do wrong? {image}
I think you entered after swing has changed its direction (upward)... don't you think so? look at the blue points I drew on the chart...
profitable trading does not mean trading everyday
  • #626
  • Sep 13, 2018 12:11pm Sep 13, 2018 12:11pm
Quoting richadi36
{quote} I think you entered after swing has changed its direction (upward)... don't you think so? look at the blue points I drew on the chart...
based on what do you put blue dots on? in the previous bearish swing, you did not put them
  • #627
  • Sep 13, 2018 12:17pm Sep 13, 2018 12:17pm
Quoting Rdr
{quote} based on what do you put blue dots on? in the previous bearish swing, you did not put them
Sorry, I did not understand your point, what previous bearish swing?
profitable trading does not mean trading everyday
  • #628
  • Sep 13, 2018 12:22pm Sep 13, 2018 12:22pm
Quoting Rdr
{quote} based on what do you put blue dots on? in the previous bearish swing, you did not put them
with blue dots I am just showing how price is swinging... higher highs higher lows in uptrend, lower highs lower lows in downtrend...
profitable trading does not mean trading everyday
  • #629
  • Sep 13, 2018 1:32pm Sep 13, 2018 1:32pm
to me this seems like a bearish swing, like the previous one
Attached Image
  • #630
  • Sep 13, 2018 1:42pm Sep 13, 2018 1:42pm
I think we are on a good sell area
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-ig-group-limited-2.png Size: 90 KB
  • #631
  • Sep 13, 2018 3:10pm Sep 13, 2018 3:10pm
Quoting tom922
I think we are on a good sell area {image}
Tom . . . you are braver than me. While I agree fully with your assessment, I would need to see a retreat down at least on the H4. The location does look right and the reward will be great if you hit it.

Good luck and fortune to you!

FS
  • #632
  • Sep 13, 2018 3:13pm Sep 13, 2018 3:13pm
Richardi --

Nice explanation on your effort for Rdr. I was wondering how much, if any, you rely on dynamic support and resistance lines (sloping trend lines).

Or are you comfortable with the horizontal support and resistance?
  • #633
  • Sep 13, 2018 3:28pm Sep 13, 2018 3:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-09-13 at 16.26.17.png Size: 92 KB


Worth keeping an eye on.

This is NJ on the H4. We have reached a resistance area.
  • #634
  • Sep 13, 2018 8:32pm Sep 13, 2018 8:32pm
Quoting Rdr
to me this seems like a bearish swing, like the previous one {image}
Hi Rdr. Your blue squares are not the same places as mine. Look at my image I posted above https://www.forexfactory.com/attachm...1&d=1536853159

and here is your attachment after you cut the explained chart again (there are 13 blue dots), but you have 7 blue squares in your image... and in my picture swing has changed its direction I think... I hope it makes sense.
https://www.forexfactory.com/attachm...2&d=1536857212
profitable trading does not mean trading everyday
  • #635
  • Sep 13, 2018 8:37pm Sep 13, 2018 8:37pm
Quoting Forest-Sea
Richardi -- Nice explanation on your effort for Rdr. I was wondering how much, if any, you rely on dynamic support and resistance lines (sloping trend lines). Or are you comfortable with the horizontal support and resistance?
Yes, Forest-Sea. For me clear price chart and horizontal S/R lines are enough...

profitable trades,
richadi36
profitable trading does not mean trading everyday
  • #636
  • Sep 14, 2018 8:56am Sep 14, 2018 8:56am
Quoting tom922
I think we are on a good sell area {image}
Hi Tom922. I was just wondering did you open your position with any confirmation signal? I agree that weekly trend is bearish...
profitable trading does not mean trading everyday
  • #637
  • Sep 14, 2018 9:23am Sep 14, 2018 9:23am
Hi guys,
is it the next swing area? what d'you think?
eur/usd H4
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 36 KB
profitable trading does not mean trading everyday
  • #638
  • Sep 14, 2018 12:27pm Sep 14, 2018 12:27pm
Quoting richadi36
{quote} Hi Tom922. I was just wondering did you open your position with any confirmation signal? I agree that weekly trend is bearish...
no confirmation signal this is true but the resistance zone is excellent for this I chose to enter with a very low exposure I am aware of the risk
  • #639
  • Sep 14, 2018 12:35pm Sep 14, 2018 12:35pm
Nice signal on USD/CHF on 4h chart i wait the confermation on daily close and weakly . The operation is also very interesting about to the interest rate differential between the dollar (2.00) and CHF (-0.75) thus creating an excellent carry trade.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-h4-ig-group-limited.png Size: 85 KB
  • #640
  • Sep 14, 2018 12:47pm Sep 14, 2018 12:47pm
Quoting richadi36
Hi guys, is it the next swing area? what d'you think? eur/usd H4 {image}
mmm maybe for a small trade to area 1.17100 but we need signal. I suggest to search swing bearish on this pair don't you think?
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