For those who wonder if I actually trade using what I post here I want to say that I do actually trade using this methodology. That is why I will show my trades as they occur. I want anyone who follows this thread to know that it is real. My other thread using median lines shows my trades. My trades are with real money and they will be live. I do this unlike a lot of other threads that are thick on theory and hindsight. If you can't show a trade using your method and explain how then you're a fake. Nuff said!
(binned per thread starter’s request) Measured Swing Trading
- #22
- Feb 29, 2020 8:33pm Feb 29, 2020 8:33pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
GBPUSD 60 min
A rather simplified chart without marking all the swings. If you mark all the swings that's good. It's good practice.
A rather simplified chart without marking all the swings. If you mark all the swings that's good. It's good practice.
- #23
- Feb 29, 2020 8:44pm Feb 29, 2020 8:44pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
USDCAD60 min
First chart for overall context.
Second chart showing small downswings. Evidence of sellers shown.
First chart for overall context.
Second chart showing small downswings. Evidence of sellers shown.
- #24
- Mar 1, 2020 9:34am Mar 1, 2020 9:34am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
AUDUSD60min, overall context.
Buyers/Sellers shown.
Some evidence of swinging to the upside.
Buyers/Sellers shown.
Some evidence of swinging to the upside.
- #26
- Mar 1, 2020 8:03pm Mar 1, 2020 8:03pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Overall context on NZDUSD 60 min. {image} Buyers showing themselves. {image}
- #27
- Mar 2, 2020 6:05am Mar 2, 2020 6:05am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} {image}
- #28
- Mar 2, 2020 6:10am Mar 2, 2020 6:10am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
USDCAD60min pending SELL.
- #29
- Mar 2, 2020 10:33am Mar 2, 2020 10:33am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
USDCAD60min pending SELL. {image}
- #31
- Mar 3, 2020 8:08am Mar 3, 2020 8:08am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
In this thread I plan to show specifically how and why this "system" works. Real live time analysis and real live trades. No BS.
This is EURUSD 60 min current.
The blue trend lines are the most significant swings with the top one not yet being a verified swing. It needs to make a new high to be a verified swing. Notice however that price is currently reaching the bottom of the blue measured swing which was cloned from the lower blue swing. Notice where it is falling into. An area where there were buyers. I'm not saying this is a buy or that it isn't just that it is important to notice where buyers and sellers have been and then ask yourself, Are they still there?
Notice the green and red rectangles. Greens are the buyers and reds are the sellers. Let's follow this together and see what happens to them.
This is EURUSD 60 min current.
The blue trend lines are the most significant swings with the top one not yet being a verified swing. It needs to make a new high to be a verified swing. Notice however that price is currently reaching the bottom of the blue measured swing which was cloned from the lower blue swing. Notice where it is falling into. An area where there were buyers. I'm not saying this is a buy or that it isn't just that it is important to notice where buyers and sellers have been and then ask yourself, Are they still there?
Notice the green and red rectangles. Greens are the buyers and reds are the sellers. Let's follow this together and see what happens to them.
- #32
- Edited 9:48pm Mar 3, 2020 2:08pm | Edited 9:48pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
In this thread I plan to show specifically how and why this "system" works. Real live time analysis and real live trades. No BS. This is EURUSD 60 min current. The blue trend lines are the most significant swings with the top one not yet being a verified swing. It needs to make a new high to be a verified swing. Notice however that price is currently reaching the bottom of the blue measured swing which was cloned from the lower blue swing. Notice where it is falling into. An area where there were buyers. I'm not saying this is a buy or that it isn't...
Buyers stepped in taking out sellers but the bar closed with some evidence of weakness. Furthermore there was no follow through to the upside. Technically a new high was made so the previous swing is now validated. The measured swing (blue trend line) is now moved up and we'll see what price does.
The value of the "system" is in following the market and getting in touch and understanding what's going on.
All you need is price, market structure and understanding. No indicators or funky calculations and for sure no expensive guru fake traders selling their BS or other's BS.
- #33
- Mar 4, 2020 6:52am Mar 4, 2020 6:52am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
EURUSD60min
We've been following EURUSD60min.
Currently price is testing buyers.
We've been following EURUSD60min.
Currently price is testing buyers.
- #34
- Mar 5, 2020 7:26pm Mar 5, 2020 7:26pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
EURUSD60min We've been following EURUSD60min. Currently price is testing buyers. {image}
As previously stated I prefer trades with a target 3X a reasonable stop loss based on market structure rather than an arbitrary number. For now I'm just following this pair looking for something a bit more convincing to trade.
- #35
- Mar 5, 2020 7:41pm Mar 5, 2020 7:41pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
GBPUSD60min
The top orange swing is a valid swing. The lower orange projected swing failed to make a new low and went on to make new highs taking out the projected orange swing. The first blue trend line signifies a valid upswing. This swing is projected as shown and is intended to show the possibility of a corrective swing of it's length. Also the last light blue impulse is projected as a possible new larger corrective swing of it's length. The green rectangles are areas where there is evidence of previous buyers.
The top orange swing is a valid swing. The lower orange projected swing failed to make a new low and went on to make new highs taking out the projected orange swing. The first blue trend line signifies a valid upswing. This swing is projected as shown and is intended to show the possibility of a corrective swing of it's length. Also the last light blue impulse is projected as a possible new larger corrective swing of it's length. The green rectangles are areas where there is evidence of previous buyers.
- #36
- Mar 10, 2020 7:12am Mar 10, 2020 7:12am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
USDJPY60minute. BUY possibilities. But it's also possible to sell it up here. There's never a "sure" thing.
- #37
- Edited 2:52pm Mar 10, 2020 2:09pm | Edited 2:52pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Trading is why we're here. If you're spending all your time trouble-shooting platform issues instead of trading you've gotta problem. If you're printing out screen shots then using a protractor to measure angles because your MT4 platform has issues then you've gotta problem. Simplicity is bliss. But if you like spinning your wheels doing everything except trading then head on over to the Michael S Jenkins thread where you can spend countless hours with platform issues and buying useless material peddled by Diamond Miner. It's better than a soap opera. Just because it's complicated and requires hours of useless effort to make it work doesn't make it the Holy Grail of trading.
AUDUSD60min pending SELL. Simple trade. No protractors. No weird platform issues to overcome. No weird mysterious angles. Just price action and logic. No BS!!!
AUDUSD60min pending SELL. Simple trade. No protractors. No weird platform issues to overcome. No weird mysterious angles. Just price action and logic. No BS!!!
- #38
- Mar 12, 2020 11:32am Mar 12, 2020 11:32am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
EURUSD60min
- #39
- Mar 12, 2020 11:35am Mar 12, 2020 11:35am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
USDJPY60min
- #40
- Mar 12, 2020 11:38am Mar 12, 2020 11:38am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Trading is why we're here. If you're spending all your time trouble-shooting platform issues instead of trading you've gotta problem. If you're printing out screen shots then using a protractor to measure angles because your MT4 platform has issues then you've gotta problem. Simplicity is bliss. But if you like spinning your wheels doing everything except trading then head on over to the Michael S Jenkins thread where you can spend countless hours with platform issues and buying useless material peddled by Diamond Miner. It's better than a soap...
