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1H Swing Trading on EURUSD

  • #581
  • Apr 19, 2020 7:16am Apr 19, 2020 7:16am
i have believe that EU will goes down starting monday..just see later
  • #582
  • Apr 19, 2020 6:40pm Apr 19, 2020 6:40pm
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i'm ever lose $2000, now time to go grow up
  • #583
  • Apr 19, 2020 11:13pm Apr 19, 2020 11:13pm
Quoting LiarTrader
{image}
Well, I let everyone judge by himself as I don't want to open a debate about drawing trend-lines and everyone can have its own view.
Simplicity is the Ultimate Sophistication.
  • #584
  • Apr 19, 2020 11:16pm Apr 19, 2020 11:16pm
Quoting broketrader
{quote} Hi Oracheal, Don't fall in the trap of the perfect strategy, this is not one and that just doesn't exist. What I'm trying to do is simply to find a way of limiting the risk when trading it. Always be alert when you trade any strategy, including this one !
Perfection is achieved....
Not when there is no more to add....but
When there is no more to take away.
  • #585
  • Apr 20, 2020 1:24am Apr 20, 2020 1:24am
You may be right broketrader. Anticipation to upside movement is indeed supported by 0.618 fibo level too other than broken TL. Lets see if this hold true we may be seeing 1.272 fibo level or maybe even 1.618 level thus triggering the next uptrend movement.

I entered half of my position as suggested by broketrader as anticipation signal around 50% retracement level. Lets see how this go
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  • #586
  • Apr 20, 2020 1:42am Apr 20, 2020 1:42am
Well I think that if you apply any kind of anticipation it could only be valid if price at least cross the 96 sma and the SRSI is closed to trigger but not quite.
  • #587
  • Apr 20, 2020 1:47am Apr 20, 2020 1:47am
Quoting yennefer
You may be right broketrader. Anticipation to upside movement is indeed supported by 0.618 fibo level too other than broken TL. Lets see if this hold true we may be seeing 1.272 fibo level or maybe even 1.618 level thus triggering the next uptrend movement. I entered half of my position as suggested by broketrader as anticipation signal around 50% retracement level. Lets see how this go {image}
It's not important for me to be right or wrong, as long as I follow the system I'm doing right.

Now, I don't follow you with your fib price projections, why try to predict what the price will do when in fact you just have to follow the events ?
That adds complexity for nothing. Now, anyone is free to use whatever (s)he wants for its targets, I just want to emphasize that it's not part of the system.

That said, good luck with your trade!
Simplicity is the Ultimate Sophistication.
  • #588
  • Apr 20, 2020 3:30am Apr 20, 2020 3:30am
Quoting kortak
Well I think that if you apply any kind of anticipation it could only be valid if price at least cross the 96 sma and the SRSI is closed to trigger but not quite.
If you wait for all the indicators to be near the indication of the signal, then you're not anticipating anymore, you're almost at step 2. (signal).
Now, you've forgot one important event, re-read post #565, I anticipate when the break of the trend-line occurs as this is often an important sign of direction change.
Simplicity is the Ultimate Sophistication.
  • #589
  • Apr 20, 2020 4:17am Apr 20, 2020 4:17am
Why are you not following your system.

1hour EurUsd didn't cross the 96 moving average and rsi as well didn't cross the 30 level.
system is still showing its sell signal
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  • #590
  • Apr 20, 2020 4:25am Apr 20, 2020 4:25am
Quoting BurningDesir
Why are you not following your system. 1hour EurUsd didn't cross the 96 moving average and rsi as well didn't cross the 30 level. system is still showing its sell signal {image}
Man, it looks like you don't understand what you read or that you just don't follow and don't read my posts so go back and read post #565 because I won't explain every time for everyone !
Simplicity is the Ultimate Sophistication.
  • #591
  • Edited 9:29pm Apr 20, 2020 9:15pm | Edited 9:29pm
Fine! the system has shown its best side. Trust the system and use the right money management.
Here I closed sell.
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  • #592
  • Apr 20, 2020 11:13pm Apr 20, 2020 11:13pm
Quoting ANTfs
Fine! the system has shown its best side. Trust the system and use the right money management. Here I closed sell. {image}
Well done ! Maybe a bit early if we are a the beginning of a new downtrend, but profits are profits
Simplicity is the Ultimate Sophistication.
  • #593
  • Apr 20, 2020 11:21pm Apr 20, 2020 11:21pm
Quoting broketrader
Time to move to next trade and implement the new entry strategy. After a series of three Lower Highs and Lower Lows, we got suddenly a Higher High plus a break of the recent trend-line, two reasons to initiate a long trade. There is still the possibility of this being only a counter-trend given the short age of 20-12 (half week) so instead of adding 50% as Anticipation entry I will go with 33%, of final position, another 33% will be added at step 2, this will limit my exposure in the case 20-12 resumes. On the MM side, I have also reduced my total...
It was too early to anticipate there even with a small counter-trend.

Next time wait for the SMA to be tested (3rd event) in a new swing and draw the trend-line from there.
Re-entered short.

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Simplicity is the Ultimate Sophistication.
  • #594
  • Edited 8:13am Apr 21, 2020 7:22am | Edited 8:13am
Definitely, I'm having it all wrong these days

20-12 trend-line broken and entered anticipation trade, let's see if we get the signal this time and price doesn't turn back under the trend...

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Simplicity is the Ultimate Sophistication.
  • #595
  • Apr 21, 2020 7:46am Apr 21, 2020 7:46am
What in God's name is going on now! I am off trading till next month! Cheers
Rise or fall....a better me!
  • #596
  • Edited 8:14am Apr 21, 2020 7:54am | Edited 8:14am
Quoting Bororo
What in God's name is going on now! I am off trading till next month! Cheers
It cannot always be perfect trends and setups and it's fine for an individual to make a pause when he doesn't "feel" the market.

Personally, I don't want because these are, in fact, the best moments to verify if my strategies are solid or just pure crap.

Stay safe!
Simplicity is the Ultimate Sophistication.
  • #597
  • Apr 21, 2020 7:57am Apr 21, 2020 7:57am
Trading has never been easy. Making money in this business is hard but possible. We just need to quiet our mind to understand the chaos. All the best
  • #598
  • Apr 21, 2020 11:12am Apr 21, 2020 11:12am
I closed my position at the break of the trend line. If downtrend continue, that's without me, I will wait for a new trend. Be careful everyone!
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  • #599
  • Apr 21, 2020 11:18am Apr 21, 2020 11:18am
Hi BT, I've read through the first 10 pages but wondered if you've made any comments around how you re-enter a trade. So for example, say you sell into a down trend and you close at 100 pip gain. You're happy with your profit. BUT the trend then extends further down and you recognise this could keep going for a while. Do you wait for a trend line rejection or are you looking more for an SMA96 rejection before entering in again?

Enjoying this forum, best one I've found on here. Feel everyone is equal and learning together.
  • #600
  • Apr 21, 2020 1:04pm Apr 21, 2020 1:04pm
Quoting Gofitty
Hi BT, I've read through the first 10 pages but wondered if you've made any comments around how you re-enter a trade. So for example, say you sell into a down trend and you close at 100 pip gain. You're happy with your profit. BUT the trend then extends further down and you recognise this could keep going for a while. Do you wait for a trend line rejection or are you looking more for an SMA96 rejection before entering in again? Enjoying this forum, best one I've found on here. Feel everyone is equal and learning together.
Hi Gofitty, the best trend that illustrates your question is 20-8

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The trend had an initial angle and then it accelerated but in between, the first trend was broke like we were going to have an up-trend, like maybe what we are having right now.

So, with the latest entry strategy, I would have closed my short trade at (1), and entered a long 30-50% (anticipation), then I would have closed that long at a loss at (2) and re-established my previous short trade because we are again under the trend, then closed that short at a loss again and re-entered long 30-50% again at (3), and then closed again that long at a loss and re-established my short again at (4)

A bit messy transition period where you get losses but all is paid back largely when the down-trend resumes, we see it visually.
Simplicity is the Ultimate Sophistication.
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