2 views with daily and weekly tf. That I prefer is to wait for the area marked in the second view. The first could be good for the daredevers
Attached Image(s) (click to enlarge)
1
another swing probability on daily charts... eur/aud daily, {image} profitable trades, richadi36
sometimes the price does not go to the direction where we predict, that's why we always keep risk management for any trades...
stoploss was hit... previous prediction https://www.forexfactory.com/attachm...0&d=1538582294
profitable trading does not mean trading everyday
- #704
- Oct 6, 2018 2:00pm Oct 6, 2018 2:00pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,684 Posts
{quote} Explain : Colors = blue candle red candle blue candle red candle (red blue red blue) then come 2 red, so that pattern say there is blue power is coming AB=CD = As you can see the blue arrow from point a to point b is equal to the next blue arrow from point c to point D , so AB=CD its mean up power is coming BB= Bollinger band, price touch the first BB at the Monthly chart so its mean up move is coming Trendline = trend line buy point is the 3-time price touch it, so you can see in orange 1 2 3, I connect 2 low (1 and 2) and the price gets...
Thanks for the posts. And I do respect every traders method of trading in the market. But, if it is possible, in this thread let's discuss about swing trading, swing points, swing levels and so on, not what indicators tell us or after 2 red there will be blue next things...
for instance,
next possible swing area to reverse...
NZD/CAD daily,
profitable trades,
richadi36
profitable trading does not mean trading everyday
- #716
- Oct 10, 2018 1:59am Oct 10, 2018 1:59am
Hi Mr1! Yes, my tools says that ABCD completed NZDCAD on Weekly chart (turquoise box). NZD is stil weak but this is a good point to pullback... I try to see lower TF and on TF 1H i have found a good entry: - aggressive entry LONG .8355 SL 8340 - conservative entry LONG buy stop .8395 TP .8405-.8417 {image} {image}
Now pay attention at .8364-.8354....could be a good support to restart LONG swing
{quote} thought: Risk: Reward ratio is of value if and only if risk is the same for all your trades. Do the math and trade well.
So for example i put a horizontal lane , where my sl is.
Then i wait, for the candle to be over ( daily) in case the candle only touch the sl and come back in my direction , it never close my trades, so it was just a sl hunt.
In case i buy , the candle is below my sl and finish below the sl , i manually close my trades on next trading day( usually around 1pm-2pm mountain time you will know where the day will end)or towards the end of the trading day.
So like that i eliminate the news, events wicks , at least try to.
About risk ration, its just different. I try to control my losses , but profits
try to let them be!
I am trying to take as much as the market let me have
good luck, hope so that was helpful
