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Swing Traders Thread

  • #1
  • First Post: Mar 9, 2007 6:18pm Mar 9, 2007 6:18pm
Lets discuss and Post your swing trade setups and Exits. MAybe we see something that someone doesn't.



right now, i'm long AUDUSD from 07713 and NZDUSD from 0.6790. i saw Support right before the price changed and bounced up so i entered on a support bounce
  • #2
  • Mar 9, 2007 6:22pm Mar 9, 2007 6:22pm
Do you enter AT support, or do you wait for some type of reversal confirmation?
I've been thinking and wondering when you play off a bounce, versus a fake breakout. I guess you just take your chances, you have to be right if you play most of them. Unless you lose a bounce and fake breakout.
  • #3
  • Mar 9, 2007 6:49pm Mar 9, 2007 6:49pm
ok, first of all i'm a newbie.


now to your question....

I have noticed from the charts that when the price breaks the support/resistance line agressivley it is better not to enter until a retest of the support or resistance. Most time i enter on these breaks the price retraces on me.

ON the case of entering the bounce, normally u will enter after a candlestick has reversed and has closed on the daily or 4h. A candlestick reversal formation is even better.

u can sometimes predict when the price will bounce as the candles get smaller and tends to cluster around the trendline,resistance, or support line
  • #4
  • Mar 11, 2007 11:13pm Mar 11, 2007 11:13pm
i dont really want to pic tops, but right now the eurgbp looks like it's ready to swing down. if u doing this, trade 1/2 unit with stops above latest high
  • #5
  • Mar 12, 2007 7:23am Mar 12, 2007 7:23am
good advice don.. agreed with eur going down
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  • #6
  • Mar 12, 2007 8:29am Mar 12, 2007 8:29am
ooops, i guess the market did not agree.... not ready yet.
  • #7
  • Mar 12, 2007 12:26pm Mar 12, 2007 12:26pm
Hey Don... I hope your still long on AUD/USD and NZD/USD. Both are still looking strong right now. Good Call!

Keep up the good work!
  • #8
  • Mar 12, 2007 12:52pm Mar 12, 2007 12:52pm
Quoting don perry
I have noticed from the charts that when the price breaks the support/resistance line agressivley it is better not to enter until a retest of the support or resistance. Most time i enter on these breaks the price retraces on me.
That's the best way to trade Don, amateurs chase the market, pros always wait for the (almost) inevitable pullback to pull the trigger.
  • #9
  • Mar 12, 2007 5:02pm Mar 12, 2007 5:02pm
ive been short gbp/jpy since friday at 228.78, im gonna hold it until around 222 or 221

thats my swing trade buddy
  • #10
  • Mar 12, 2007 10:50pm Mar 12, 2007 10:50pm
I refuse to contribute or even read a thread that claims to have intelligent discussion, when you can't even spell "thread".

Sheesh !!!
  • #11
  • Mar 12, 2007 11:07pm Mar 12, 2007 11:07pm
Quoting matador
I refuse to contribute or even read a thread that claims to have intelligent discussion, when you can't even spell "thread".

Sheesh !!!

Well I'm sure we are all going to miss out greatly on your intelligent and grammatically correct contributions!! By the way, I think this is a great idea don perry. I guess we'll have to do without matador
  • #12
  • Mar 13, 2007 12:56am Mar 13, 2007 12:56am
Quoting matador
I refuse to contribute or even read a thread that claims to have intelligent discussion, when you can't even spell "thread".

Sheesh !!!
Fixed!!!
just a typo.
  • #13
  • Edited 7:37am Mar 13, 2007 7:18am | Edited 7:37am
thank you. and thank you 'Antra'

i'm looking into the EURUSD pair. SO far it has broken the small upper trendline. and has bounced to test it. I will probably enter after the economic report. What do u guys think? u think it is a credible formation?
  • #14
  • Mar 13, 2007 8:13am Mar 13, 2007 8:13am
Quoting pipple
ive been short gbp/jpy since friday at 228.78, im gonna hold it until around 222 or 221

thats my swing trade buddy
i only regret not seeing past opertunities for swing trading
  • #15
  • Mar 13, 2007 9:34am Mar 13, 2007 9:34am
Quoting matador
I refuse to contribute or even read a thread that claims to have intelligent discussion, when you can't even spell "thread".

Sheesh !!!
Could not find the word "Sheesh" in the dictionary

Some intelligent people wrote this:
" Buddy, we don't all live next door. Specify the time zone your in with the time of the signal in question"

Is the word "are" not missing?
From the total of 8 posts, not a single one had any value ! !
  • #16
  • Mar 13, 2007 10:16pm Mar 13, 2007 10:16pm
Thanks ! I'm back in then

Quoting Antra
Fixed!!!
just a typo.
  • #17
  • Mar 13, 2007 11:05pm Mar 13, 2007 11:05pm
Quoting highway3000
Could not find the word "Sheesh" in the dictionary

Some intelligent people wrote this:
" Buddy, we don't all live next door. Specify the time zone your in with the time of the signal in question"

Is the word "are" not missing?
From the total of 8 posts, not a single one had any value ! !
LOL maybe they are in the wrong forum. Last time I checked this is not a spelling bee contest.
  • #18
  • Mar 13, 2007 11:14pm Mar 13, 2007 11:14pm
I like to look at daily candlesticks signalling reversals after extended moves. Even better if they are combined with some sort of support/resistance levels, trendlines, etc. hammers, hanging men, shooting and evening stars, engulfing patterns, dark cloud covers, etc. Take a look at the chart. They can often offer a very good entry to catch some big swing trades.
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  • #19
  • Mar 15, 2007 9:52am Mar 15, 2007 9:52am
yes, that is one way. But i rather risk half as much when counter trend trading. I use regular lots to enter in the direction of the major trend
  • #20
  • Last Post: Mar 16, 2007 6:55am Mar 16, 2007 6:55am
Yesterday, (thursday march 15 2007) I was waiting for a candlestick formation on USDCHF to signal a swing from the trendline support area. That didn't hapen a bear candle flew right threw the line.

I went short on USDCHF and long on EUrUSD. then i realized that GBPCHF was also going down (CHF strength) i took a trade too that landed me 43 pips from hat pair.

this moning i woke up and saw all usd pair NOT in favour of USD.

we can see from this that if we study the correlation of pairs we get multiple signals from one pairs' swing/ pivot point
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