possible H4 swing...
profitable trading does not mean trading everyday
- #1,347
- Jul 19, 2019 8:05pm Jul 19, 2019 8:05pm
{quote} Hi, you say that patience is key. However they were near perfect set ups, so would you have entered? If not what would have stopped you? Or do you mean you need patience as in the times you lose trades. Thanks.
Good question, well I post possible swing setups usually. I have my own specific number of markets in my accounts that I follow and trade constantly (not that ones)... The patience is key, here, I mean if anyone has his tested trading strategy he should follow it with patience. Because most traders close their positions early if market moves against him. And some times later the price moves again to the direction that trader opened his position initially... I hope it is clear...
Profitable trades,
richadi36
profitable trading does not mean trading everyday
- #1,348
- Jul 20, 2019 10:54am Jul 20, 2019 10:54am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
2 possible swings UP
- #1,349
- Jul 20, 2019 12:14pm Jul 20, 2019 12:14pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
- #1,350
- Jul 20, 2019 11:21pm Jul 20, 2019 11:21pm
2 possible swings UP {image} {image}
Nice swing formation, but I would take that "long" from those levels you drew (when signal appeared), dont you think so?
Profitable trades,
richadi36
profitable trading does not mean trading everyday
Hi all,
Here is what I'll be targeting over the coming days/weeks aswell as my thinking. Let me know what you think guys,,
AUDCAD - Bullish
W1: Positive divergence on MACD
W1: Price at bottom of Bollinger Band signifying potential reversal
D1: Price closed above strong resistance area held since 24 June
D1: Price closed above 20 SMA to upside
D1: Price pull back from 50 SMA
D1: Positive divergence on MACD
H4: Price pulled back into strong support area held since 24 June (old resistance, new support)
H4: Price pulling back to descending 200 SMA as potential dynamic support
H4: Price approaching rising 20 SMA as potential dynamic support
CADCHF - Bearish
W1: Price inside channel moving down from resistance
D1: Price at 20 and 200 SMAs as dynamic support, so caution here
D1: MACD line crossing below signal line histogram crossing below zero
H4: Price break below 20 SMA
H4: Price closed below support area
H4: Price retraced back to resistance area (old support, new resistance)
H4: Negative divergence on MACD against horizontal resistance area
XAUUSD - Bullish
W1: Various doji patterns over past month - which signifies potential market indecision and potential market pressure relief before pushing higher
W1: Moving averages in up trending order (20 > 50 > 200)
D1: Price closed above descending support
D1: Price retraced to support zone (old resistance, new support)
D1: Price at 20 SMA as rising dynamic support
D1: Moving averages in up trending order (20 > 50 > 200)
H4: Price closed as doji at descending support
H4: Price closed at 20 SMA as rising dynamic support
H4: Moving averages in up trending order (20 > 50 > 200)
Here is what I'll be targeting over the coming days/weeks aswell as my thinking. Let me know what you think guys,,
AUDCAD - Bullish
W1: Positive divergence on MACD
W1: Price at bottom of Bollinger Band signifying potential reversal
D1: Price closed above strong resistance area held since 24 June
D1: Price closed above 20 SMA to upside
D1: Price pull back from 50 SMA
D1: Positive divergence on MACD
H4: Price pulled back into strong support area held since 24 June (old resistance, new support)
H4: Price pulling back to descending 200 SMA as potential dynamic support
H4: Price approaching rising 20 SMA as potential dynamic support
CADCHF - Bearish
W1: Price inside channel moving down from resistance
D1: Price at 20 and 200 SMAs as dynamic support, so caution here
D1: MACD line crossing below signal line histogram crossing below zero
H4: Price break below 20 SMA
H4: Price closed below support area
H4: Price retraced back to resistance area (old support, new resistance)
H4: Negative divergence on MACD against horizontal resistance area
XAUUSD - Bullish
W1: Various doji patterns over past month - which signifies potential market indecision and potential market pressure relief before pushing higher
W1: Moving averages in up trending order (20 > 50 > 200)
D1: Price closed above descending support
D1: Price retraced to support zone (old resistance, new support)
D1: Price at 20 SMA as rising dynamic support
D1: Moving averages in up trending order (20 > 50 > 200)
H4: Price closed as doji at descending support
H4: Price closed at 20 SMA as rising dynamic support
H4: Moving averages in up trending order (20 > 50 > 200)
- #1,353
- Jul 21, 2019 5:49am Jul 21, 2019 5:49am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
Hi all, Here is what I'll be targeting over the coming days/weeks aswell as my thinking. Let me know what you think guys,, AUDCAD - Bullish W1: Positive divergence on MACD W1: Price at bottom of Bollinger Band signifying potential reversal D1: Price closed above strong resistance area held since 24 June D1: Price closed above 20 SMA to upside D1: Price pull back from 50 SMA D1: Positive divergence on MACD H4: Price pulled back into strong support area held since 24 June (old resistance, new support) H4: Price pulling back to descending 200 SMA as...
- #1,355
- Jul 21, 2019 10:19am Jul 21, 2019 10:19am
- | Joined Jun 2019 | Status: Swings and Roundabouts | 92 Posts
{quote} Hi Jaricho313, Good question, well I post possible swing setups usually. I have my own specific number of markets in my accounts that I follow and trade constantly (not that ones)... The patience is key, here, I mean if anyone has his tested trading strategy he should follow it with patience. Because most traders close their positions early if market moves against him. And some times later the price moves again to the direction that trader opened his position initially... I hope it is clear...
Also just an add on.. I've been trading on IG but only just realised the fact it uses a different time than the US the candles are not the same. Which brokers do you guys use or suggest?
