1H Swing Trading on EURUSD

Question:

Are you (at this point) waiting/looking for your exit or adding to your position? Do you have a target in mind?

FYI - Kudos' on pulling some profits - Woot!

Well I will do both at the same time...

Instead of playing binary each trade like I was doing before I'm now slicing the trade in smaller chunks as you see, taking the profits on some of them and also leaving other run till the trend reverses, the advantage is that if the trend reverses now for example, I'm already out with some profits, if not I can take more profits on the remaining but also add more on the retracements and thus compounding the previous gains because we never know if a trend will last 1 week or 1 month.

The delicate part when adding is to do so when the retracement is near enough of the sma so in the case of reversal, when the price goes to the other side, your inevitable loss on your last trades is kept to the minimum.

That's what I'm trying to do now, I have been testing this and it looks better than simply enter and exit once and for all on trend signals, but again, I need to experiment this and see how it goes, everything looks always good when done on past static data and another thing is to do it live and on high volatility, so we will see what happens.

Got it...

Miss your posts... Just Say'in...

If I post less, I'm still here trading this (now almost) old SMA system.

Trying to take off but this month of August has only been a range so there was nothing to expect and I don't want to crash the account even if there is 200 left only, just to restart the day after doing the same with new capital.

The encouraging thing is that even with these ranges I have had nice floating profits once or two and this is really promising. The fact that I missed them is not an issue, I'm in peace with my trading these last 2-3 weeks, my trading is stabilizing, I have been working all August on that, and I know that the profits will come the day the trends are back...

What I need now is 2 decent trends in a row to take off, with that, I think that I could be trading in the thousands by begin of October maybe, otherwise I plan to increase my account every beginning of a quarter to 1 K on order to have some capital at least every new quarter until I take off, if that happens some day ;-)

I like it BT!

What is your opinion (if any) on the volatility coming our way over the US presidential election? Are you trading mindful of that or just listen to the charts per your system

Sorry for my late reply, I'm overbooked right now until begin of October...
No, I don't mind the elections or any other event, I just trade the system even if right now it just give me profits that evaporate and turn into losses. I will be patient...

Just as said, happened again from +20% to nothing!
Account reloaded for the next quarter...

Stud!

Yeah! Tempted to close them all but afraid of missing the real thing, the great trend.
So I will leave them at least as we don't break the current short term trend because I'm also a bit tired of seeing those 20/30+% turning systematically into -10% !

I hear you...
2 months of itty bitty trends \o/

Really enjoy this thread. I am still Practicing with it. was wondering why am i not getting the indicator to show on my trading view platform on the 5 minutes chart

First time in 2 months+ that I see something interesting worth a post...

On the weekly chart, we just broke to the upside a multi-year downward channel that was just tested and we seem going off from it now...


And on my main chart, the hourly chart, we just also broke the most recent down trend in red which has his top around 1.20.


Both signs could mean to me that a nice up trend is in the making so it's not the moment to take any early profits but instead just let things run as usual with the risk of course of all of it being fake, the coming weeks will tell us...

Channel have been broken and retested.

The bullish signs are still there and could indicate the first nice trend of this autumn...

On the daily chart, we are back into the rising wedge that stopped the previous great up-trend and this means that there is a possibility of a break to the upper side.
I think that the main reason behind this is the hypothesis of Trump losing the elections and bringing some chaos in the US weakening the dollar in the process.


On the hourly chart we have had some false signals, which made me have at some moments both long and short orders, this was because while following the signals I didn't want to kill the long orders that were still aligned with the current trend as long as that one wasn't violated and it hasn't been until now.


I have good profits and need to refill the account and the temptation of closing it all is there but maybe this could be the next great trend I have been waiting for and if true, it could help me to really take off again so I won't touch those half lots for now and trade the signal in parallel with smaller lots maybe until the US elections if I can...

I was wondering, based on your strategy, should I be looking for buy trades or await break and confirmation of trend line for a sell trade? Thank you.

Hi!
My goal at this point in time.

Hi!
Yes, it's a clear possibility given the range in which we are now.
I'm long given that we crossed the SMA to the upside but have not much faith, haven't doing anything good in recent months...

OK - Let's go make something special happen!!!!