Pro Swing Trading | Page 90 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Swing high / Swing low indictator+alert? 20 replies

Trading Swing by Swing 39 replies

Swing highs and swing lows 3 replies

swing trading with the pro 190 replies

swing high/swing low indicator and volume tic history 13 replies

Attachments: Pro Swing Trading
Exit Attachments

Pro Swing Trading

  • #1,781
  • Jul 30, 2010 6:54am Jul 30, 2010 6:54am
You can count pips as you wish , the most important thing is that the method is profitable , and this method is really one of the best out there. Yesterday I took 50 pips on gchf
skype, facebook: fxzebra
  • #1,782
  • Jul 30, 2010 8:47am Jul 30, 2010 8:47am
Quoting driftwood
hello Soondoock, i am not agree with u as others in front do not. When publish performance on website u can not be count all wins that go to 2nd tp as two position and count all lose that hit sl as one position but like i say to ALF_fx we waste time with blind men so i leave there. Good luck to all.
You just can not count that is all
The Road appears under the steps of walking men...
  • #1,783
  • Jul 30, 2010 9:22am Jul 30, 2010 9:22am
Quoting Soondoock
You just can not count that is all
Soondoock, forget it. It's too difficult for you. Or visit basic school
  • #1,784
  • Jul 30, 2010 9:34am Jul 30, 2010 9:34am
First of all the method is great no doubt about it.
the only problem is the pips counting on FXadvice website especially for newbie who has not follow the thread properly
i was asking him about it before and got the same answer as you.
I suggest 2 scenario:
1. half position closed at the first target and the other kept for 2nd or BE - than you can add all positive pips but the loosing ones when the stop loss is hit you must double counted (as 2 postion were closed not one) so no -80 but -160
2. you only wait for first target and close everything then you ignore profits higher then 50 and just count them as 40 or 50 maximum

Never the less the method is still the greatest one on this forum.

Thanks FXadvice.
  • #1,785
  • Jul 30, 2010 9:43am Jul 30, 2010 9:43am
Quoting Nosan
First of all the method is great no doubt about it.
the only problem is the pips counting on FXadvice website especially for newbie who has not follow the thread properly
i was asking him about it before and got the same answer as you.
I suggest 2 scenario:
[color=black][font=Verdana]1. half position closed at the first target and the other kept for 2nd or BE - than you can add...
Yeah, I agree.
And I also agree that calls are good. That's why I think Nick doesn't need to make results better than they are.
As somebody counted before, if you close all on first target (usually 40-50 pips) or on stoploss -80 pips, the method is still profitable and it's whats going on!
  • #1,786
  • Jul 30, 2010 9:45am Jul 30, 2010 9:45am
It dosent matter how the count is done, so long as its clear, honest and understandable. FXadvice passes all with flying colours and is doin a great job sharing his calls on this thread.
  • #1,787
  • Jul 30, 2010 10:11am Jul 30, 2010 10:11am
Quoting Nosan
First of all the method is great no doubt about it.
the only problem is the pips counting on FXadvice website especially for newbie who has not follow the thread properly
i was asking him about it before and got the same answer as you.
I suggest 2 scenario:
[color=black][font=Verdana]1. half position closed at the first target and the other kept for 2nd or BE - than you can add...
Thanks for your reply. as i sent the link of my reply that sent before, we have many method to manage our trade and trader can select each one of them or anything else base on his idea. and i never try to show anything bigger or smaller than it was. I simply give you targets and show the results base on market action.
  • #1,788
  • Jul 30, 2010 10:24am Jul 30, 2010 10:24am
Great call again Nick
GBPCHF had +100

Have a nice weekend and see you next week
  • #1,789
  • Jul 30, 2010 10:33am Jul 30, 2010 10:33am
Quoting Parky
lol....somewhere near there, yes. 6184 or 6163 I think.
  • #1,790
  • Jul 30, 2010 10:57am Jul 30, 2010 10:57am
Sad with all rude people i can understand if there is something you dont get or something that you dont agree on or need to be explained. I am sure Nick or other people will explain for you just ask, i my self have had 1000 of questions to nick and he have answeard them and he got patience.


What i dont understand is why some people have to be rudeŽ, but i guess that is just how some peole are unfortenatly.


Nick and others have explained the count and we that are members of Nicks vip group the ones that pay are verry happy with Nick and his signals and we now how to count it is simple really.


When it i say + 40 or 50 pips everyone know it is first target the only one that got hit when it is more pips it is second target. How you play it is up to you you can cut half you can let all run to second or first target or whatever it depends on what you like.



I have follow Nick for sometime and im verry happy his signal has a high hit rate almost just 2 losses in a mounth the rest winners or BE. and he is verry honest with his results, if he was not i would run i cant put my money on liers..........



so really it is up to you if you devide your your position and go for target 2 then just count all winners together and divide by 2 it is that simple.



best regards and keep the good result up Nick and dont let rude people get to you I know many many people here love what you are doing
  • #1,791
  • Jul 30, 2010 12:23pm Jul 30, 2010 12:23pm
As always brilliant call on the GBP CHF call Nick!

Good to see that we've shrugged off the crazy run from last week!

---

To a lot of people out there, Forex is unpredictable and all of us know that.

Hey nick, if I might make a suggestion, can you also send an email about WHEN YOU EXIT your trade. I know that your exits are true to the results you publish on your website (thanks to the accnt statements uve shared with me). I think it will silence all critics and will help us make that extra 40-50 pips everytime too.

As always, amazing job Nick-o!
  • #1,792
  • Jul 30, 2010 3:11pm Jul 30, 2010 3:11pm
Nick's method is profitable, and ive traded it for 2 months.

it is profitable even if you take all out at first target, however sometimes you might have to increase position size after loss which is very dangerous.

HOWEVER, bear in mind few things:

1) Nick strategy is going AGAINST the trend.
2) There must be at least 75% winners or more.
3) Many times, my entry price and Nicks entry price has difference of 8-15 pips. 50 pips target -10 pips give 40 pips profit, against 80 pips stop loss,which is a pretty dangerous R:R.


ALL in all, it still makes money if you know how to tweak your money management. Cheers.
  • #1,793
  • Jul 31, 2010 5:44am Jul 31, 2010 5:44am
Hi ,

About trend please note the time frame that you are opening your chart will be important to find out market trend, maybe on H1 you see downward trend but on higher time frame you find different story.

About winning rate of my calls (above 85%) and as trader you can have your own exit point or MM. Sometimes you can hold and close your position for more than my first or second target. thats why i said before you can set next support or resistance line for your final target.

Please always remember "nothing on this business is 100%"

Cheers
Nick
  • #1,794
  • Aug 2, 2010 2:13am Aug 2, 2010 2:13am
Morning,

I hope you had great weekend.
The dollar hit a three-month low against a basket of currencies on Monday, hurt by concerns that the recovery in the U.S. economy is slowing.

The dollar index, which measures the greenback's value against a basket of six major currencies, fell as low as 81.433 .DXY, its lowest since late April.
  • #1,795
  • Aug 2, 2010 2:35am Aug 2, 2010 2:35am
Quoting FXAdvice
Attachment
this is a shot from last week call on U/CAD

Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #1,796
  • Aug 2, 2010 2:56am Aug 2, 2010 2:56am
Quoting FXAdvice
this is a shot from last week call on U/CAD

Attachment
Nick, well done, can we still continue short on U/CAD?
  • #1,797
  • Aug 2, 2010 4:05am Aug 2, 2010 4:05am
Quoting fxanalyts
Nick, well done, can we still continue short on U/CAD?
Its depend on next market move. already blocked by support around 1.0200-20, but the trend is totally downward
  • #1,798
  • Aug 2, 2010 10:07am Aug 2, 2010 10:07am
Hi again,

As trading idea cable has short setup.
  • #1,799
  • Aug 2, 2010 11:27am Aug 2, 2010 11:27am
Thx Nick ... Great entry again !!!

http://img.photobucket.com/albums/v4...g?t=1280766159
  • #1,800
  • Aug 2, 2010 4:43pm Aug 2, 2010 4:43pm
Quoting FXAdvice
I don't know what type of problem you have but as i gave the targets and manage the trade is totally on you. if he want to close half on 50 pips and BE remain or any other thing all his choice.
Sorry to say that, but driftwood and ALF_fx are correct here. Your performance statistics on your web page are not real. Could you tell what trade management you have used while calculating those statistics? For example, do you close half of the position at first TP? If you don't then why do you give TP1 and TP2 ?

Clearly, your statistics are based on the assumption that at the moment when TP1 is hit you would know whether TP2 will be also hit. But in realtime trading you cannot know that!!! But, of course, you know that when you update your performance statistics.

You signals are very good but pip counting totally wrong.
1 trader viewing now