Low stress swing trading with momentum

GBPAUD Short


Price

1. Entry 1.4865
2. SL 1.4930
3. T1 1.4710 take off 2/3rds of position
4. TP open - hard stop placed at 1.4370 will adjust as needed
5. Risk 65 pips @ 1% allows .03 position size

Profit/Loss booked

1. Position 1
2. Position 2

Remarks

This trade poses a unique problem with historical lows or at least a lack of historical data back far enough to show any demand zones below. So the question becomes what do you do when you want to try to ride the train lower?

My plan is to take entry on the most recent supply zone and if the trade isn't stopped out, T1 will be a retest of recent lows, TP for the remaining position will be when the fast trix or price breaks above cloud or a fresh demand zone that is formed after T1 is hit. Another way TP could be determined is to use a fib extention.

u would do very well with a larger account if the performance won't be compromised sarge

its really great trades im seein

take care have good rest in weekend

GBPCAD Short


Price

1. Entry 1.5850
2. SL 1.5925
3. T1 1.5610 targeting recent swing low will pull 2/3 position and move SL to BE
4. TP 1.5347
5. Risk 75 pips @ 1% allows .03 position size

Profit/Loss booked

1. Position 1
2. Position 2

Remarks

Sell limit placed. T1 is not at a demand zone but is at recent swing lows.

I have 2 larger accounts General.

I'm just going to let this one keep snowballing for a while. It'll grow up one day.



I want to use the $100 I started this account with to pay for my next toy.

0-60 mph faster than a Ferrari Enzo, a Porsche GT, a Saleen Twin Turbo S7, a Ford GT, and a Lamborghini Mucielago

0-60 mph 3 seconds
0-100 mph 6.6 seconds
1/4 mile 11.0 seconds @ 132 mph
top speed 200 mph
70 - 0 mph 166 feet
1.05 latteral G on street tires

And it's American Made

GBPCHF ???


Price

1. Entry
2. SL
3. T1
4. TP
5. Risk

Profit/Loss booked

1. Position 1
2. Position 2

Remarks

Both sell limit and buy limit orders placed grouped as an OCA order where wher the entry on one order automaticly cancels the other order. Advanced and more complex order entry is more commonly found on more advanced trading platforms than metatrader and this is a unique software from IBFX on their metatrader trading terminal EA. The platform has to be running for the software to work correctly and cancel the opposing order.

GPBJPY Short



Price

1. Entry 119.72
2. SL 120.32
3. T1 118.64 will pull 2/3 position and move stop to BE
4. TP 114.72
5. Risk 60 pips @ 1% allows .03 position size

Profit/Loss booked

1. Position 1
2. Position 2

Remarks

This is a position targeting TP below historical lows, plan to pull the remaining position after T1 when price moves against me as signaled by the fast trix, cloud or a failure at newly formed demand zone

GBPNZD Long


Price

1. Limit Entry @ 1.9045
2. SL 1.8935
3. T1 1.9290 targeting this recent area of consolidation pull 1/2 position and move remainder to BE
4. TP 1.9823
5. Risk 110 pips @ 1% allows .02 position size

Profit/Loss booked

1. Position 1
2. Position 2

Remarks

Buy limit placed for entry on retest of demand zone. Recent downward pressure on this pair mostly attributed to insurance payout flows from the Christchurch NZ earthquake and are said to be mostly done now.

NZDJPY Long


Price

1. Entry 61.27
2. SL BE
3. T1 62.08 hit, booked 1/2 position
4. TP 65.1
5. Risk spread, SL @ BE

Profit/Loss booked

1. Position 1 +83.0 pips, $1.08, 0.01 position size
2. Position 2

Remarks

This was an old position that somewhat conformed to the new plan as far as the entry was close so 1/2 was booked at T1 leaving the remainder to run with SL @ BE.

USDCAD Long


Price

1. Limit Entry 1.0094
2. SL 1.0039
3. T1 1.0282
4. TP 1.0461
5. Risk 55 pips @ 1% allows .04 position size

Profit/Loss booked

1. Position 1
2. Position 2

Remarks

Buy limit placed.

Recent saber rattling by Iran over them thinking they will be able to close the Strait of Hormuz spike oil prices over $100. Anyone with half a brain can figure out the US will have to play "world police" again and kick their azz out of there if they tried.

She's rangebound right now so that's how I have to play it.

Canada has what I feel are pretty good banks and looks to have a much better grip on their economy than the US or Europe so I think the Loonie should eventually get stronger as the US economy slowly picks up and the US, Europe and Britain keep printing money even though they often say they aren't doing more QE, watch their central banks balance sheet grow and you'll see that what the talking heads are saying is BS. As the money printing continues, oil and gold prices are likely to keep grinding higher which affects the CAD as it's a commodity currency.

Last one for tonight. I'll update these posts tomorrow....... errrr later today LOL. I'm going to bed.

USDCHF Short


Price

1. Entry .9510
2. SL BE
3. T1 .9393 hit 1/2 position pulled rest at BE
4. TP .9174 will pull remainder if price breaks above current weak demand zone it's in, or cloud or fast trix turns positive
5. Risk spread SL @ BE

Profit/Loss booked

1. Position 1 +162.7 pips, $1.69, 0.01 position size
2. Position 2

Remarks

An old trade that could be brought compliant with current strategy to let the remainder of the trade run with SL at BE

Let me see...

You think there will be a risk rally lead by the Euro, then the GBP then the AUD. The CAD will be the biggest loser in town.

What did we ever do to you...

Mabey it was the weekly body cavity searches by customs every time I crossed the border when I was trucking.

..........Or mabey I've just gone Loonie

I am long off my 4h chart, though I got faked out a few days ago and had to re-enter back south. I am getting that "rounded top" type of look that usually ends up with a violent descent, but we'll have to see. My daily chart shows it it not time to go long yet. GL with your entry!

I have been focusing on securing the h4 rules that I want to trade with, so I have not been really playing around with the dailky r weekly yet, but based on my current rules, my SS order for usdchf would have ben triggered on thursday. However, I am currently up 160 pips in a usdchf short on the h4 chart, but I dol have a BS in place that has not been canceled yet.

Gotta run with the wife. Nice meeting you. I like your swing trading concept, as it is what I do as well. I'll come by and say hey again sometime if you don't mind.

Dust

4 hr charts work pretty well for swing trading. I do occasionally look back to them when I want more definition in an area.

One thing to keep in mind with the recent strong rally in the Kiwi, especially against the GBP, was a lot of the flow was insurance payouts related to the Christchurch, NZ eartquake which are said to be pretty much done now.

What I see on the daily is that it was time to go long 3 days ago LOL. Everyone has their own interpretation

Don't mind at all.

Watching daily charts is worse than watching paint dry so chatting or debating something with someone gives me something to do.

I came from a very small town, and once in high scool I went on a trip to florida with my buddies. Our small town news was pretty pleasent. When we turned on the news in Florida that first morning, the first 15 minutes was rapes, muders and burgleries. I have hated news ever since and rarely watch or listen to the news as a resullt. And that would have been in 1988. I really pay no mind to the news when it comes to my trading. I feel everything gets reflected in my charts.

Cool. I will stop by once in a while then. Traders got to communicate or they will go mad!

I have tried using limit orders with little success. I guess I hate missing trades and too many times price does not come back. What is it about limit orders that you like so much?