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Price is everything

  • #3,521
  • Nov 9, 2010 7:57am Nov 9, 2010 7:57am
Quoting bigwal
yes, i have seen others buy the low, just because its a low.

PA does show you the way.

and nothing else
  • #3,522
  • Nov 9, 2010 7:59am Nov 9, 2010 7:59am
Why does it seem so hard to swing trade and long term trade. Did you get frustrated when you started getting into the longer term trading. I am getting frustrated and discouraged. I find nice setups and they only last for 10 or so pips maybe 20 or even maybe 50 but I can never get trades that last for days or even a week or two.

Ever since I have been trading I have been desiring to successfully swing trade, and long term position size. I just can never figure out why my entries only give me short term trades. I am sick of trying to hold out for days only for a loss when I could have taken profit earlier in that trade for 30 or so pips (instead I lose because eventually trade just goes opposite).

I have tried entries on 1 min, 5 min, 15 min, even 1h signals but never never do the trades ever last. What is wrong I just cant find the right setups for it.

I know price action supply/demand and these supply/demand levels as they increase or decrease. Trendlines (the vertical ones which I am finding less and less stability in them because you never know which way the market is playing which trenline).

Please any advice would be great. I have been trying so hard.
Know when to hold em, Know when to fold em!
  • #3,523
  • Nov 9, 2010 7:59am Nov 9, 2010 7:59am
cable has reacted bearish to supply, near my entry but holding it south


check 15min
  • #3,524
  • Nov 9, 2010 8:00am Nov 9, 2010 8:00am
If thats a question

DEMAND
I need to finish something i started
  • #3,525
  • Nov 9, 2010 8:01am Nov 9, 2010 8:01am
Quoting goods
Why does it seem so hard to swing trade and long term trade....


have you got the following - dx, usdddk, usdsek and usdnok ?
  • #3,526
  • Nov 9, 2010 8:03am Nov 9, 2010 8:03am
Quoting redsword11
have you got the following - dx, usdddk, usdsek and usdnok ?

No I am with FXDD and they dont offer that. I was thinking of going to TOS for those. I am trying to go with a good broker with more options to trade than FXDD that wont screw me over. I Have a $1500 acct only trading micro 1K but trying to position trade with them.

I think one of the issues I might be having is price shading possibly going on and causing me to get out of a trade.
Know when to hold em, Know when to fold em!
  • #3,527
  • Nov 9, 2010 8:05am Nov 9, 2010 8:05am
Quoting goods
No I am with FXDD and they dont offer that. I was thinking of going to TOS for those. I am trying to go with a good broker with more options to trade than FXDD that wont screw me over. I Have a $1500 acct only trading micro 1K but trying to position trade with them.


things will change when you get them, study them together and you will see
  • #3,528
  • Nov 9, 2010 8:06am Nov 9, 2010 8:06am
Quoting redsword11
things will change when you get them, study them together and you will see
Can you recommend a broker pref an STP / ecn ?
Know when to hold em, Know when to fold em!
  • #3,529
  • Nov 9, 2010 8:08am Nov 9, 2010 8:08am
Quoting goods
Can you recommend a broker pref an STP / ecn ?


try FX PRO



AND FOR DX AND EURO INDEX, just get a demo if you want from admiral markets
  • #3,530
  • Nov 9, 2010 8:12am Nov 9, 2010 8:12am
How can i say this with out entering a tf debate with Red.

Looking for supply and demand on 4hr timeframes, you will see travel from supply to demand is hundreds of pips.

Patience is required for entry and then exit.

It all depends what sort of trader you want to be.

one move on 4hr from supply to demand is one trade

on 15m chart you could have lots of trades within that move.
I need to finish something i started
  • #3,531
  • Nov 9, 2010 8:12am Nov 9, 2010 8:12am
Quoting redsword11
and nothing else

twisting action - bullish
Attached Image (click to enlarge)
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  • #3,532
  • Nov 9, 2010 8:12am Nov 9, 2010 8:12am
Quoting redsword11
try FX PRO



AND FOR DX AND EURO INDEX, just get a demo if you want from admiral markets

Thanks for your help I will look into those pairs.
Know when to hold em, Know when to fold em!
  • #3,533
  • Nov 9, 2010 8:14am Nov 9, 2010 8:14am
Quoting bigwal
How can i say this with out entering a tf debate with Red.

Looking for supply and demand on 4hr timeframes, you will see travel from supply to demand is hundreds of pips.

Patience is required for entry and then exit.

It all depends what sort of trader you want to be.

one move on 4hr from supply to demand is one trade

on 15m chart you could have lots of trades within that move.


keep in mind - JUST BECAUSE ITS 4HR dosn't mean it will we repsected
  • #3,534
  • Nov 9, 2010 8:16am Nov 9, 2010 8:16am
Quoting bigwal
How can i say this with out entering a tf debate with Red.

Looking for supply and demand on 4hr timeframes, you will see travel from supply to demand is hundreds of pips.

Patience is required for entry and then exit.

It all depends what sort of trader you want to be.

one move on 4hr from supply to demand is one trade

on 15m chart you could have lots of trades within that move.
I clearly understand all of this, but I just can never figure out a positive swing trade. I have tried and tried, and patiently waited, set wide enough stop losses, set mental sl's. Sometimes I feel that I am better off just trading 20 pips to 50 pips a day and calling it a day.

Perhaps I should go into this with an attitude that if I am in the trade and it leaves the station and keeps going my way to the point of no return then I successfully was able to do a swing trade or position trade.

I hear these guys getting 400 to 500 to even 1000 pips a trade. Man I really want this.

Bigwal sorry if this was not in response to what I was posting today about swing trading
Know when to hold em, Know when to fold em!
  • #3,535
  • Nov 9, 2010 8:17am Nov 9, 2010 8:17am
Quoting redsword11
keep in mind - JUST BECAUSE ITS 4HR dosn't mean it will we repsected

.... and of course. tfs are a reflection of a traders comfort zone and strategy, therefore its a personality thing


we can all pick and choose at will, l just hate missing moves, hence l switch tfs all day long
  • #3,536
  • Nov 9, 2010 8:20am Nov 9, 2010 8:20am
Test of broken res ??
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  • #3,537
  • Nov 9, 2010 8:20am Nov 9, 2010 8:20am
Quoting redsword11
keep in mind - JUST BECAUSE ITS 4HR dosn't mean it will we repsected

That is true, i was coming from the point of if supply and demand are respected
and there is good pa at those zones they tend to yield more pips.
I need to finish something i started
  • #3,538
  • Nov 9, 2010 8:22am Nov 9, 2010 8:22am
Quoting goods
Thanks for your help I will look into those pairs.
Taking partial helps a lot too. With only one lot is very difficult. Example taking 1 lot out to reduce risk has helped me.
  • #3,539
  • Nov 9, 2010 8:22am Nov 9, 2010 8:22am
Quoting honeybhi
Test of broken res ??

yes - now it will cluster


capped above and below


can break either way
  • #3,540
  • Nov 9, 2010 8:24am Nov 9, 2010 8:24am
Quoting redsword11
yes - now it will cluster


capped above and below


can break either way

might be a bearish H&S developing on 15, right shoulder now from bounce
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