Dkings Legend Swing trading system...

Quoting Leebos

Disliked

{quote} Hi Dashking. As you mentioned in a previous post, your trading has started to evolve, usually synonymous with a reduction of indicators, dashboards etc. etc. I jokingly describe it a bit like Neo and the Matrix. Suddenly you see it...and all that clutter just gets in the way of seeing what is really going on. Indicators, systems etc are great when the market is "compliant "...but the market can't continuously be "compliant" if it is to exist and be profitable. You may now be starting to "see" where the market...or a currency pair "has to...

Ignored

Quoting DashKing

Disliked

am sticking to just two pairs... the eurusd and the gbpusd... and the dollar index for strength correlation

Ignored

Quoting Merka

Disliked

{quote} If you are trading just 2 pairs than on what TF sequence are you trading on? To get enough trading opportunities on 2 pairs I guess it's necesary to use very low TFs like M1, M5 etc... Cheers

Ignored

Quoting DashKing

Disliked

{quote}you see that's where we really get it wrong... we think we need a lot of pips to be profitable in this business... well for the time being my targets are just 25-50 pips in a week... and i am sure of getting at least 3 good trades per week... i stick to the four hours chart... i look for key zones of support and resistance on the daily/weekly/monthly timeframes.... and i make my entries on the 15 minute time frame... that would be at the london or newyork sessions... its pretty much trying to get the range of the week after the high or low...

Ignored

Quoting kleybenny

Disliked

Dear friends, thank you for this gold nuggets... I like very much your bow and arrow analogy... You said that "we see the target...but if the arrow isn't pulled back far enough in the opposite direction, it may fail to have the momentum to reach the target." I think I can understand what you mean with the arrow which needs to be pulled back, so the price has to load up first.... But I struggle sometimes with defining the target. How do you see, where the target is? Are there hints, where it could be? Thank you for your help! {quote}

Ignored

Quoting Leebos

Disliked

{quote} Hi Kleybenny. Take a close a look at your charts....15min , 1 Hr and 4Hr any pairs but especially a small related group of pairs that you know well. For example let's pick EURJPY What do you see? Where is this price heading? What areas do you see this last draw back on the bow reaching? We can pretty much be certain that we're gonna hit 117.063 right? How about 119.626? How about 121.300? The first two could well be in range. The third is a target for the future after a few reloads

Ignored

Quoting Merka

Disliked

{quote} no My point was not about high frequency but to figure out a good balance between life, work and trading opportunities. I'm happy with also 1 good opportunities a week. Like you I was trying to reduce drastically the number of pairs because I have a full time job and recognized I can't analize too many pairs. I'm going to try to stick with just 2 or 3 pairs but still didn't figured out the right TFs sequence. Thinking about 4H/1H/M15. Ideal would be D/4H/1H but that probably means very rare opportunities (maybe 1 opportunities every month)...

Ignored

Quoting DashKing

Disliked

What DO YOU SEE? {image}

Ignored

Quoting DashKing

Disliked

{quote} oh now i get you....if thats the case... then 4hrs is pretty cool... so far there is mostly at least one setup every week... and its the timeframe that really gives a good view and easy switch from day trading to swing trading.... it works well for me

Ignored

Quoting vasal

Disliked

Hello, DashKing if u show good results till today, then u are the man. If u are unable to do it, then this all threat is dust in the wind.

Ignored