DislikedHi Feb,
Got a questions. How to tell a trend is likely to continue?
jacktIgnored
If you lose, deal with it...if you win, stay calm and look for the next opportunity.
Peace
Peace
We all need pivots to win..yes or not? 13 replies
The System (Irony included) 1,175 replies
DislikedHi Feb,
Got a questions. How to tell a trend is likely to continue?
jacktIgnored
DislikedI see what you're saying. I tried to trade the pullbacks but kept getting killed by jumping in too early. So to clarify when you enter a position in an up trend it is at point 2 after the pullback and the resumption of the up swing.Ignored
DislikedHi Feb, thanks for starting this thread. I appreciate you wanting to share your knowlege with us.
I have a question regarding initial swing movement.
You say you look for roughly a 30-40 pip movement to signal the start of a swing then wait for a retracement, well what if that initial swing movement was say 100 pips + (like we have just had on the EURUSD). Would this in any way effect your expectation of a continuation of the movement after the swing high was broken?
thanks in advance,
Contango.Ignored
DislikedOn the charts that you've posted, the candles look like Heiken Ashi candles. Am I right, or just seeing things?Ignored
DislikedIllustration for us mere mortals, or to show and confirm trend changes?Ignored
Dislikedhahahaha that's cool...
no, I use them because they look good......I don't have any bias toward candlesticks, bars etc...
if you want to be consistent in this business here's an advice I got for my mentor on the floor around 1984 " You trade the markets in here and now, mother nature (he was referring to the rest of the market AKA humans and their emotions) will take care of the rest"
Trends swing etc...we don't know for sure how long they're going to live...
who cares??
Don't predict the market. It's a fool's game. If you lose, deal with it. Read my first post. Trail your stops...that's my "secret weapon"
The market hits my 20 ticks stop-loss once in a blue moon. I don't even remember the last time. If I get stopped, I look for an opportunity the other way. Be a player.
PeaceIgnored
DislikedYou make it sound so easy, and I guess when it "clicks" it is! I hope to get the "click" soon.Ignored
DislikedThanks feb!
So you trail your stop always pip by pip? If the market went 5 pips in your favor your risk is only 15 pips as you moved your SL?
Regards - XaronIgnored
Dislikedjed
you got to be in the line of fire. It takes time. That's why I don't believe in hindsight.
Trading is difficult. There's many things that will definitely work against you..
the best you can do is to stacks odds in your favor...let the market come to you.
Takes time and practice
PeaceIgnored
Disliked
Hi, Feb... and others who may not have read the other Feb's thread (I strongly suggest you do )
Of course i read this on your other thread (I'm almost finishing my first reading of it... Sure I'll read it all again, cause reinforcement is a great learning method, specially for the "mortals" )
This is some of the most powerful advices (saying better: knowledge...) that I've heard, and I'm trying hard to follow it. DON'T CHASE THE MARKET!. Let it come to you. Chasing is way different of watching carefully...
One question, If I sound too rookie, forgive me please, cause I am (I'm used to trade stocks here in Brazil for a while, but Forex has its own swing, and you are helping me so much to understand it...)
I use the (very lagging) analysis of COT as one of my "ear on the ground" tools, since it can tell us the "footprints" of the big market movers. I just want to know if you consider it useful in some way...
I swear I do not intend to deviate your thread...
Thanks a lot for all your time and willingness to share your knowledge with us!
Greetings from BrazilIgnored