DISCLAIMER:
Any trade or analysis related comments made in this thread by myself or any other person should not be interpreted as anything other than a point of view by the respective poster. It is your responsibility as a trader to decide what information to use and what to disregard and you do so at your own risk.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders or investors. Before deciding to trade the foreign exchange (Forex) markets, you should carefully consider your objectives, financial situation, needs and level of experience. The possibility exists that you could sustain a loss of some or all of your funds and therefore, you should not speculate with capital that you cannot afford to lose.
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Low stress swing trading with momentum
I have only 3 rules for the thread and 3 rules at my house.
Thread rules
Rule 1 - I don't care if you don't like my trading style
Rule 2 - I don't care if you don't like my trades
Rule 3 - I don't care if you don't like me
I'm not a baby sitter, if you can't play nice... You are not welcome here, I don't have the time or patience to baby sit ignorance, idiots and bullies. I am not scared of anyone and will be more than happy to give someone the boot and not think twice about it. Respect others and their opinions. Share, have fun and keep it clean.
Rules near my home and family
Rule 1 - If you threaten me or my family, I WILL shoot you
Rule 2 - If you threaten my home or anything on my property, I WILL shoot you
Rule 3 - I am an excellent marksman but in the rare event that I only wound you I WILL keep shooting until I finish the job and I have plenty of ammo.
I've been trading Forex since I retired from the U.S. Army 82nd Airborne Division in 2005. I sold my trucking business in 2011 and permanently retired at the ripe old age of 46. I have been following the financial markets since I bought one share of American Motors Corporation stock for a couple dollars when I was 9 years old made a little profit and have been hooked ever since.
Too often I see traders fighting the markets like their trade will be the one that turns the market around. Why fight the markets?
I don't like to be chained to the computer 20 hrs a day. I have much better things to do with my time. I want to trade stress free and ignore the noise of short term and scalping and let winners run as far as I can and cut losers when necessary. If the trade is working for me, I don't cut the trade short, I let it run as far as I can. The trade might last a day, a week or a month. It doesn't matter to me how long it runs.
I swing trade off of 4hr and daily charts. I really don't care about pinbars , patterns, candles indicators or what every one else is saying on smaller timeframes because to me it's just noise. I use small position size with no stop loss and reverse when I get the signal in profit or loss. I am disciplined enough to cut a losing position when I have the signal. My position size is small enough that 300 - 600 pips against me won't blow up my account. If I see momentum turn against me, I don't care if the trade is only 1 pip or 300 pips under water, I will kill it and not think twice about killing it. I won't wait, hope and pray for it to come back.
I don't try to pick bottoms or tops with precision entries. If I like the trade and the price, I will simply pull the trigger, ignore the short term noise and let it run.
The $100 IBFX account in my profile is a small live account that I opened for live testing strategies.
NOTE: Here's my current trading strategy.
Any trade or analysis related comments made in this thread by myself or any other person should not be interpreted as anything other than a point of view by the respective poster. It is your responsibility as a trader to decide what information to use and what to disregard and you do so at your own risk.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders or investors. Before deciding to trade the foreign exchange (Forex) markets, you should carefully consider your objectives, financial situation, needs and level of experience. The possibility exists that you could sustain a loss of some or all of your funds and therefore, you should not speculate with capital that you cannot afford to lose.
=================================== =================================== ==================
Low stress swing trading with momentum
I have only 3 rules for the thread and 3 rules at my house.
Thread rules
Rule 1 - I don't care if you don't like my trading style
Rule 2 - I don't care if you don't like my trades
Rule 3 - I don't care if you don't like me
I'm not a baby sitter, if you can't play nice... You are not welcome here, I don't have the time or patience to baby sit ignorance, idiots and bullies. I am not scared of anyone and will be more than happy to give someone the boot and not think twice about it. Respect others and their opinions. Share, have fun and keep it clean.
Rules near my home and family
Rule 1 - If you threaten me or my family, I WILL shoot you
Rule 2 - If you threaten my home or anything on my property, I WILL shoot you
Rule 3 - I am an excellent marksman but in the rare event that I only wound you I WILL keep shooting until I finish the job and I have plenty of ammo.
I've been trading Forex since I retired from the U.S. Army 82nd Airborne Division in 2005. I sold my trucking business in 2011 and permanently retired at the ripe old age of 46. I have been following the financial markets since I bought one share of American Motors Corporation stock for a couple dollars when I was 9 years old made a little profit and have been hooked ever since.
Too often I see traders fighting the markets like their trade will be the one that turns the market around. Why fight the markets?
I don't like to be chained to the computer 20 hrs a day. I have much better things to do with my time. I want to trade stress free and ignore the noise of short term and scalping and let winners run as far as I can and cut losers when necessary. If the trade is working for me, I don't cut the trade short, I let it run as far as I can. The trade might last a day, a week or a month. It doesn't matter to me how long it runs.
I swing trade off of 4hr and daily charts. I really don't care about pinbars , patterns, candles indicators or what every one else is saying on smaller timeframes because to me it's just noise. I use small position size with no stop loss and reverse when I get the signal in profit or loss. I am disciplined enough to cut a losing position when I have the signal. My position size is small enough that 300 - 600 pips against me won't blow up my account. If I see momentum turn against me, I don't care if the trade is only 1 pip or 300 pips under water, I will kill it and not think twice about killing it. I won't wait, hope and pray for it to come back.
I don't try to pick bottoms or tops with precision entries. If I like the trade and the price, I will simply pull the trigger, ignore the short term noise and let it run.
The $100 IBFX account in my profile is a small live account that I opened for live testing strategies.
NOTE: Here's my current trading strategy.
I don't care which way the market is going as long as it's going my way
Yep, I'm following your lead. I'm more than happy to try to explain stuff to newbies and have a healthy debate, but I will take out the trash.
MARRY CHRISTMAS
