Low stress swing trading with momentum

looking at ur explanation audusd and nzdusd look to be in buy setups,dont u think?

I'm not a signal service or fund manager. The account you see here is my strategy test account and I could change my mind and try something else I like better at any time and I am still looking at other ideas of my own and taking some advice and suggestions from other experienced traders to see what I want to use within MY comfort zone and abilities.

If I am still trading this plan when it's a buy or sell signal to me I will take the trade with discipline and without fear off a loss when I'm wrong.

I strongly suggest that you write up a trading plan of your own that YOU understand, do some backtesting and if you are confident in the plan then execute it with discipline.


I won't completely copy anothers plan. No 2 traders will trade the exact same plan exactly the same no matter how simple it is. My plan will be mine. Something that I understand 100%

u seem to mis
understand me, i never said i wanted to copy of use your method, i read through you thread and looked at my charts and simply made a suggestion asking if it is correct or not.simple..

pls i will like to know if the zb cloud matrix and the ssl bar repaint

why not put them both onto a 1 min chart and check for yourself?

k.thank you

subsriceb sargeant sir!

The SSL bar does repaint.

The ZB Matrix is based on the Ichimoku cloud. It shouldn't repaint, I havn't seen it happen. What you could do, and I will do it too when I get a chance, is watch it on a 1 minute chart for a while to see how it acts.


One thing you really have to have when trading daily charts using indicators is patience and wait for the candle close.

Trading daily charts is very boring.

Add... Islander beat me too it.

Hi General Buma.

The last 3 trades I entered this morning are off a different system I'm taking live.

I'll have more details later. Right now I'm going to bed.

That first often nasty week of trading in January is over so it's time to stop goofing off and get back to work.

Chinese data was good tonight and most of the economic data was good this week. There is a lot of British, EU and US data out thursday as well as an ECB press conference and a lot of it is high impact data so be careful.

I'm about full circle back to where I started. I'm not really happy with moving average cross systems and other stuff I've looked at. The several MA cross systems and others I've looked at are profitable when traded with discipline but they just ain't quite what I'm looking for and I find that I'm not really comfortable ignoring fundamental data, news, futures and equities markets completely.

I'm back using THV3 system to keep an eye on momentum slowing or changing and watching supply & demand levels as well as trying to gauge the markets risk appetite.


The only thing on my charts are the:

1. THV3 HA
2. Ichimoku Kinko Hyo 2,3,5
3. THV3 Trix
4. THV3 Info Panel
5. THV3 Trend
6. Bar chart on foreground

Good - back to dancing with the one who brought ya.

LOL


January is the month of the affair

This is the best thread I got in FF.

trading system with great live results in trade explorer! I love it so much! please keep it going!

Thank you,

I don't think I can lay claim to the best thread. One of the best in my opinion is PipTrappers Euranalysis thread. A lot of experience and fundamental analysis there.

Make sure to read the rules and follow them on page one of his thread.

There is also a lot of links to very good resources on the first page too.

Here's a Heads Up.

It will be a 3 day weekend in the US.

All US financial markets will be closed monday for Martin Luther King day.

European sovereigns finally got the S&P downgrades and the EFSF was downgraded too which were pretty much expected for a month or more.

Greek debt talks broke down last week and are supposed to resume wednesday Hedge funds are the big hangup here and that isn't unusual for them to be a holdout on taking a haircut on soverign bonds. They would rather have a default so they can still get most of their money back from the credit default swaps (CDS) they paid a lot of money for.

Talk about Greece going to default. Personally I think they already have with the 50% haircut and probably will do much worse than that and will get the boot out of the eurozone and it'll be a real mess for them to deal with if they do. I'd bet most of anyone that follows the fundamentals does too. I think the real surprise will be if they don't and actually stay in the Eurozone.

French 51 week bill auction was better than pre-downgrade and French and Spanish 10 years were slightly better too.

Friday the markets had their kneejerk reaction to the downgrade rumors that turned out to be true but also something that was expected. Which whipsawed my account from being 1500 pips in profit to being 1000 underwater but nothing was stopped out. US indices really didn't close too bad friday on the S&P downgrades and European markets closed higher monday.

Better than expected Chinese data tonight. This should give commodities and commodity currencies a lift.

I've taken a hit this month which really doesn't surprise me. Seems like January and May are my worst months.

I've adusted a few positions tonight a little later than usual as I was busy earlier out in my workshop and also waiting for the Chinese data and I have pretty much everything in the IBFX account you can view in my journal and in my profile as a "risk on" portfolio with the Aussie and Kiwi leading the way.

Both of my main accounts with MB trading are only trading heavy positions in EUR/CHF Long and normal positions in USD/JPY long right now. When these 2 central banks give away free money, I don't stand there with a tin cup and beg..... I show up with a big truck and tell them to hurry up and load it so I can get back to load up again.

Brother in arms. My only worry is the SNB will change their mind. But a CB would never do that, would they?

I do have a stop in place at 1.1986 in case they do. The rumor they will lift the ceiling to 1.25 or 1.30 gets regurgitated about every month so I plan to keep riding the money train as long as I can.

How do you decide your exits?