Dkings Legend Swing trading system...

Quoting DashKing

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{quote} thats tick volume analysis.... climax volume candles are stopping volumes... many would say the volumes on cfds are not reliable... but time has proven that tick volume actually works (at least gives us reliable tips in our analysis).... it is a means of recognizing interesting price regions on your chart... when volume climax... it is important to know where? ...contextually speaking... volume activity gives us clue to market makers, smart money and dumb money activity... and not just that it also gives us tip on how market makers can manipulate...

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Quoting gian97

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{quote} I'm sorry, but I don't speak English very well, so I want to make sure I understand correctly ... have patience So you are telling me that it is practically used in the distribution / accumulation phases, where there are often stop hunts So if we find a climax colored candle (according to the indicator, red and green) in these "phases" it is most likely a false trend start only to capture stop. Was this what you meant? I already use these concepts, but with the naked eye

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Quoting DashKing

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Actually timing is very important in this method of trading... we only take signals on Mondays and possibly Wednesdays ( not too often though)... actually all trades are placed before the London session... when you get signals on Mondays it actually runs through to Wednesday or Thursday sometimes Friday before reversals... the concept of these swing trade is to run more than a day but less than a week... there is really a lot to consider aside from the signal of the strength indicator this is because the signals of the indicator can be misleading......

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Quoting madjae

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It looks like you haven't included the DWNRanges indicator for the latest template you published...

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Quoting Erebus

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{quote} Okay, seems you are giving more criteria for the trade signals every time you post; please add those to the Post #1 or there will be mad confusion later on. Thanks for the chart showing where to look for the weak GBP and to buy that currency I am assuming that you buy ALL the GBP pairs and trade as a basket? I am more inclined to target a specific pair based on the readings on that strength meter, with cross of strong to weak currency And take the breakout trades around London, similar result as yourself, buy GBPUSD What you do seems to...

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Quoting Erebus

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Okay, I have used the Giraia Currency Strength Meter (CSM) for a long time now And I have seen the kind that draws the history lines, but none as great as the Swing Man version Yes, the SMCSM = Swing Man Currency Strength Meter Now, back to this trades setup and criteria; I don't see any GBP pairs trade in the account And yet, it was below the 2 line on Monday and into Tuesday Therefore, according to your plan, sell 50 pips above those prices With NO stop loss, yet you advise traders to have good money management Now price is going up, 100 pips,...

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Quoting DashKing

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{quote} Sell...? No.... (I think you got it wrong there) it was supposed to be a buy... Buy the weakest and sell the strongest (GBP was below the 2 level you were suppose to buy) .. On Monday mornings... And I said trades run nothing less than 50 pips. .. And can run even up to the week range high(for GBP pairs nothing less than 100/200/300 pips) ... (for buy trades) and week range low ( for sell trades) .... Every other extreme signal the indicator gives within the week are majorly in line with trend directions. .. This trading systems edge is...

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Quoting DashKing

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Reading strength meter independent of fundamental chart analysis.. .. Would result into blind trading ... ..

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Quoting DashKing

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I have been a bit distracted of late... I have some little projects m working on.. . Missed the signals for the week and forgetting to close some profits.. . Very disheartening . .. From Monday We would trade every signal together here... And try to see how this system works for real. ..

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Quoting aweforex

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subscribed as i trade almost identical one of my systems..hope i can help thread grow and learn more. Seems pound in fine zones to try shorting pairs. gbp/nzd specially,But heavy news on the line so lets see how it developes.

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Quoting Erebus

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{quote} Okay, now I'm confused, I was thinking that you are trading counter trend. here are the rules, again: time frame 1 hour buy rules use currency strength to buy the weakest currency.... that have maxed out to 1-0 level place 3-5 pending buy limits 25 pips away from entry points and 50 pips distance for GBP pairs... allow trades to run... minimum target 50 pips... or weekly range high" Now, correct me if I'm wrong, a BUY LIMIT order is below current price and a BUY STOP order is above current price You really need to work on those entry criteria...

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Quoting Erebus

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{quote} Okay, that was going to be my next comment, why you didn't trade these obvious strong / weak on the GBP. Let's prepare for next week and together we will conquer Much appreciated

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Quoting kennyxox

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Dkings,is this tradeable? GN. Kind of hard to get 1-0. I only see above 1 and below 2. 8-9 no problem. Thanks {image}

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