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Day Trading vs. Swing Trading vs. Position Trading 86 replies

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Mindful Trading PV

  • #161
  • Edited Dec 25, 2020 2:37am Dec 24, 2020 9:42am | Edited Dec 25, 2020 2:37am
Quoting izner
@MikiMax , hey man i've seen you were a member of avantedgefx back then, they rename their site into itrade.social and now i'm planning to buy the course, it has been 5 years for you, what are your insights about it? It seems like you are trading with another methodology now? I'm kinda new into forexfactory and i couldn't find a way to send you a message directly, i'll delete this once i see your answer, Thank you and happy holidays!
hey, no problem mate you're asking about it...there're various ways to pull out the money out of your pocket...generally there're no shortcuts, you need to be prepare to put a lot of effort, diligence, patience, lower your expactations to be able to learn something and maybe gain in this forex field. Remeber please, that most of the guys in that field are instructors, teachers and not traders, and that's a big difference. Whish a happy holidays as well, cheers
Mind is the King
  • #162
  • Oct 3, 2021 1:20pm Oct 3, 2021 1:20pm
The next week forecast where money is...
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Mind is the King
  • #163
  • Oct 4, 2021 5:14am Oct 4, 2021 5:14am
Short EurJpy
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Mind is the King
  • #164
  • Oct 5, 2021 4:20am Oct 5, 2021 4:20am
GbpJpy Short
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Mind is the King
  • #165
  • Oct 5, 2021 6:22am Oct 5, 2021 6:22am
Added more to shorts on EurJpy
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Mind is the King
  • #166
  • Oct 5, 2021 9:01am Oct 5, 2021 9:01am
UsdJpy short
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Mind is the King
  • #167
  • Oct 5, 2021 10:09am Oct 5, 2021 10:09am
Added more on UsdJpy shorts as well as GbpJpy shorts
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Mind is the King
  • #168
  • Oct 5, 2021 10:17am Oct 5, 2021 10:17am
dying buying volume on UsdJpy
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Mind is the King
  • #169
  • Oct 6, 2021 3:20am Oct 6, 2021 3:20am
updates on running trades
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Mind is the King
  • #170
  • Oct 6, 2021 3:53am Oct 6, 2021 3:53am
And running examples of dying buying volumes
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Mind is the King
  • #171
  • Oct 6, 2021 4:25am Oct 6, 2021 4:25am
EurNzd Short
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Mind is the King
  • #172
  • Oct 6, 2021 5:31am Oct 6, 2021 5:31am
The next example of dying buying volume and update on EurNzd Short trade
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Mind is the King
  • #173
  • Oct 6, 2021 5:37am Oct 6, 2021 5:37am
Quoting MikiMax
The next week forecast where money is... {image}
I accept the rules.. thanks
Could you please tell me how to read this table?.. What do you get from this table? How do you decide which pair to look for?
  • #174
  • Oct 7, 2021 2:54am Oct 7, 2021 2:54am
Quoting Vivi-l
{quote} I accept the rules.. thanks Could you please tell me how to read this table?.. What do you get from this table? How do you decide which pair to look for?
Hello Vivi,

Thank you for your question.
I'd appreciate if you could give me some time to answer, as I'm travelling now.
I'll be back as soon as possible.

cheers,

Mike
Mind is the King
  • #175
  • Edited 9:32am Oct 7, 2021 9:19am | Edited 9:32am
the table represents the qantity of futures contracts held by traders, and it is reported every week on each tusday and published on friday the same week. What we are interested in are futures contracts held by non commercials (hedge funds, banks and institutions) as these trading parties generally move the market.
The table presented here is my own creation and consits of 14 columns which are:
currency - self explanatory
long - quantity of long contracts held by non commercials
short - quantity of long contracts held by non commercials
total - long + short
%long - percent of long positions from total
%short - percent of short positions from total
net position - long minus short
^long - change of long position compared to the previous week
^short - change of short position compared to the previous week
^% long - change of long position compared to the previous week in %
^% short - change of short position compared to the previous week in %
P.week L - quantity of long contracts held by non commercials in the previous week
P.week S - quantity of short contracts held by non commercials in the previous week
^% Flip - ^% long + ^% short

cheers,

Mike
Mind is the King
  • #176
  • Oct 7, 2021 9:31am Oct 7, 2021 9:31am
Quoting MikiMax
the table represents the qantity of futures contracts held by traders, and it is reported every week on each tusday and published on friday the same week. What we are interested in are futures contracts held by non commercials (hedge funds, banks and institutions) as these trading parties generally move the market. The table presented here is my own creation and consits of 14 columns which are: currency - self explanatory long - quantity of long contracts held by non commercials short - quantity of long contracts held by non commercials total -...
Thanks Mike ... My next question is how do you use this data in your trading decision?
  • #177
  • Oct 7, 2021 9:39am Oct 7, 2021 9:39am
Quoting Vivi-l
{quote} Thanks Mike ... My next question is how do you use this data in your trading decision?
quite simply....I'm using my mind's analytical skills and trying to figure it out what would be the best position to take....
generally, it looks like one has to perform a lot of thinking before placing the trade
Mind is the King
  • #178
  • Oct 7, 2021 10:01am Oct 7, 2021 10:01am
Quoting MikiMax
{quote} quite simply....I'm using my mind's analytical skills and trying to figure it out what would be the best position to take.... generally, it looks like one has to perform a lot of thinking before placing the trade
Thanks again... how do you stack your trades? .. how much you risk per trade?..
  • #179
  • Oct 7, 2021 10:15am Oct 7, 2021 10:15am
Quoting Vivi-l
{quote} Thanks again... how do you stack your trades? .. how much you risk per trade?..
this is quite individual....but in my opinon if you take trading as a real profession and not simply gambling, I'd rather use very low leverage and very low risk per position. The most important is the method itself, consistency and your peace of mind. I'd strictly avoid emotional, greedy trading as it leads you directly into disaster - been there
Mind is the King
  • #180
  • Oct 7, 2021 10:21am Oct 7, 2021 10:21am
Quoting MikiMax
The next week forecast where money is... {image}
If this report is of the previous week, how we can use it to our advantage. The numbers might have already changed since reported
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