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Swing Traders Welcome

  • #1,101
  • Dec 3, 2018 2:50pm Dec 3, 2018 2:50pm
Quoting richadi36
Hi Swing Traders, I once more would like to share and emphasize the importance of my profitable method of trading - swing trading. Swing trading is the best method I have ever tried and profited. You can apply this method in any market, no matter is it a stock market, indices, futures, commodities. Just analyse the charts at any timeframe and spot swing formations and trade along the current trend direction... Here are some examples from different markets and timeframes. Indices. H4. {image} Stocks. M15 {image}

The difficult part is identifying the swing as they are forming. They are easier to identify in hindsight
  • #1,102
  • Dec 3, 2018 2:58pm Dec 3, 2018 2:58pm
Quoting patterncode
{quote} The difficult part is identifying the swing as they are forming. They are easier to identify in hindsight

All technical analysis is easier in hindsight. If you can identify the region (range) where price will likely move then use multiple orders to get into the move.
  • #1,103
  • Dec 3, 2018 3:44pm Dec 3, 2018 3:44pm
Quoting EcoTrader
{quote} All technical analysis is easier in hindsight. If you can identify the region (range) where price will likely move then use multiple orders to get into the move.

Thanks for reply Eco, but if it was that easy to identify the region price will likely move, then we all be millionaires...
  • #1,104
  • Dec 3, 2018 3:53pm Dec 3, 2018 3:53pm
Quoting patterncode
{quote} The difficult part is identifying the swing as they are forming. They are easier to identify in hindsight
It is difficult but not impossible. I think the mindset is every single trade has to be right and profitable is the problem. Understand that correct analysis just gives a higher probability to win. With proper money management it is possible to make money with forex.
  • #1,105
  • Edited 4:28pm Dec 3, 2018 3:55pm | Edited 4:28pm
Quoting cesar8
Hello traders For me these are the most likely opportunities for this week. AUD-CHF, and GBP-JPY. What are yours? {image} {image}

Well the trendline on GBPJPY seems to be holding, so the price may go up but GBP is being unpredictable lately due to oncoming brexit news...


Quote
It is difficult but not impossible. I think the mindset is every single trade has to be right and profitable is the problem. Understand that correct analysis just gives a higher probability to win. With proper money management it is possible to make money with forex.

Thanks for reply Hytten. Well I for one dont mind having losers but I do want to have a high win rate, winning way more than I lose.
You seem to know just what to do. Whats your average win rate if you dont mind me asking?.
  • #1,106
  • Dec 3, 2018 4:32pm Dec 3, 2018 4:32pm
Quoting richadi36
Hi Swing Traders, I once more would like to share and emphasize the importance of my profitable method of trading - swing trading. Swing trading is the best method I have ever tried and profited. You can apply this method in any market, no matter is it a stock market, indices, futures, commodities. Just analyse the charts at any timeframe and spot swing formations and trade along the current trend direction... Here are some examples from different markets and timeframes. Indices. H4. {image} Stocks. M15 {image}{image} Energy. W1 {image} profitable...
Could you please explain how you identify the current trend direction ?
  • #1,107
  • Dec 3, 2018 4:45pm Dec 3, 2018 4:45pm
Quoting patterncode
{quote} Well the trendline on GBPJPY seems to be holding, so the price may go up but GBP is being unpredictable lately due to oncoming brexit news... {quote} Thanks for reply Hytten. Well I for one dont mind having losers but I do want to have a high win rate, winning way more than I lose. You seem to know just what to do. Whats your average win rate if you dont mind me asking?.
About 73% average. U probably saw my prediction for CadSgd..let's see how it goes.. I am still watching it. No entry yet.
  • #1,108
  • Dec 3, 2018 4:48pm Dec 3, 2018 4:48pm
Quoting patterncode
{quote} Thanks for reply Eco, but if it was that easy to identify the region price will likely move, then we all be millionaires...
It is not as hard as you think. You have just been expecting technicals can give you the full picture when it can't. All you can gauge from technicals is what has happened in the past. Technicals can only give you probable outcomes and therein lies the flaw because you cannot know for certainty where the trend will change. Is it this signal, the next, 10 signals further? You can't so you (generally speaking) adopt ridiculous rules that theoretically will make your account grow.

I know your pain but I have found a solution. It's not another indicator it setup, it's got nothing to do with a chart at all. I trade fundamentals and I promise you it is very possible by using a news catalyst as your signal, preceded with sufficient research to allow your judgement of the information to show its significance for short term and long term price direction.

At first it's a bit overwhelming,, but after 3 months you can be making regular gains. It all starts with the central banks that tell you in a sort of code language what their intentions are. You add to this a study of the economic indicators used by the central bank to direct policy. You look at growth and inflation data, employment, etc. Then you follow analyst market commentary and news which includes economic releases and central bank communication. These are the events to trade and you can decide on how to approach it as you wish. Some mix it with technicals, I don't even bother with charts to make entries. I get far greater quality trades by triggering trades just through news trading.

A top tip, which works far better than a rigid stop placement strategy with hard targets is to create a rule system that keeps you dynamically approaching trade management. It has increased my monthly gains substantially.

Anyways, that's a brief overview of a way that can solve that problem.
  • #1,109
  • Dec 3, 2018 4:55pm Dec 3, 2018 4:55pm
Quoting hytten
{quote} About 73% average. U probably saw my prediction for CadSgd..let's see how it goes.. I am still watching it. No entry yet.
Wow, thats pretty high. Good for you. I will be watching CadSgd. What time frame do you hope to enter?

Anyway forum, the Forex market gapped up start of this week, that doesnt normally happen in FX.
How would people play an example like this one [NZDUSD]

This was a gap up, would anyone take this breakout trade? or do you wait for a retracement-pullback?
Where would you place your stop loss?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily gapper.png Size: 25 KB
  • #1,110
  • Dec 3, 2018 5:03pm Dec 3, 2018 5:03pm
Other pairs also gapped [AUDUSD] [GBPNZD]


Im not sure how one could play trend continuation gaps, good idea to trade these or its suicide?
Buy AUDUSD?, sell GBPNZD?

if you trade, the problem is where to put stop loss, since they are gaps in the chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 32 KB
Click to Enlarge Name: GBPNZDDaily.png Size: 26 KB
  • #1,111
  • Dec 3, 2018 5:09pm Dec 3, 2018 5:09pm
Quoting patterncode
Other pairs also gapped [AUDUSD] [GBPNZD] Im not sure how one could play trend continuation gaps, good idea to trade these or its suicide? Buy AUDUSD?, sell GBPNZD? if you trade, the problem is where to put stop loss, since they are gaps in the chart {image} {image}

news to day might fill gap on aud/usa
people leave, but this thread will go on for ever
  • #1,112
  • Dec 3, 2018 10:37pm Dec 3, 2018 10:37pm
AUD coming up on some weekly R at 7428, and they way I read it....the weekly is still trending down, whilst the daily has turned up, only thing that means is that I will be passing on it for now...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 69 KB
Look Sharp/Trade Tight
  • #1,113
  • Edited Dec 4, 2018 12:11am Dec 3, 2018 10:41pm | Edited Dec 4, 2018 12:11am
Quoting PayTheLimit
{quote} late in the week, and late in the month, but keeping an eye on it myself, curious to see the reaction against yesterdays low....

still watching this one, and still waiting to see the reaction to the 113.50 area, testing it now actually....
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYDaily.png Size: 53 KB
Look Sharp/Trade Tight
  • #1,114
  • Dec 3, 2018 11:40pm Dec 3, 2018 11:40pm
Quoting Aussi
{quote} news to day might fill gap on aud/usa

thanks for reply Aussi

Quote
AUD coming up on some weekly R at 7428, and they way I read it....the weekly is still trending down, whilst the daily has turned up, only thing that means is that I will be passing on it for now...

On my charts the weekly is up as well...
  • #1,115
  • Dec 4, 2018 12:45am Dec 4, 2018 12:45am
Quoting patterncode
{quote} thanks for reply Aussi {quote} On my charts the weekly is up as well...
yes mate i see that and here it as plenty of resistance so we see
people leave, but this thread will go on for ever
  • #1,116
  • Dec 4, 2018 4:14am Dec 4, 2018 4:14am
key day for the Euro, testing daily and weekly R, a failure here might open up a play for 1.12ish....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 54 KB
Look Sharp/Trade Tight
  • #1,117
  • Dec 4, 2018 7:22am Dec 4, 2018 7:22am
Quoting patterncode
{quote} The difficult part is identifying the swing as they are forming. They are easier to identify in hindsight
Hi Patterncode,
From the below articles I learnt a lot and I also would recommend you to read, 3 times at least, these articles on how to identify and trade the swings 1) http://www.learntotradethemarket.com...rend-on-charts 2) http://www.learntotradethemarket.com...ading-strategy

profitable trades,
richadi36
profitable trading does not mean trading everyday
  • #1,118
  • Dec 4, 2018 7:25am Dec 4, 2018 7:25am
Quoting emicovi
{quote} Could you please explain how you identify the current trend direction ?
Hi Emicovi,
Please read this one about your question. http://www.learntotradethemarket.com...rend-on-charts
profitable trading does not mean trading everyday
  • #1,119
  • Dec 4, 2018 7:43am Dec 4, 2018 7:43am
Hi guys,
Here are some possible swing probabilities that might happen upcoming days or weeks. If any comments please welcome...
Daily chart swing probabilities.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 33 KB
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.png Size: 42 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDDaily.png Size: 39 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYDaily.png Size: 36 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 35 KB


profitable trades,
richadi36
profitable trading does not mean trading everyday
  • #1,120
  • Dec 4, 2018 7:44am Dec 4, 2018 7:44am
Quoting patterncode
{quote} The difficult part is identifying the swing as they are forming. They are easier to identify in hindsight
Identifying the swing is not hard at all, you just need a lot of screen time. I personally think at least 3 to 4 years worth at least. Think about it.. if you need that amount of time to study full time for a degree, why would u expect to trade well in a few months.

For 4H trend i will take the trade on 1H. I use a 30mins chart to illustrate the entry because it is clearer. Whether this is a win ultimately or a lost I do not know but we definitely can predict where the price would most likely to turn, the rest is up to higher power

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 472.jpg Size: 162 KB
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