Low stress swing trading with momentum

E$ limit order not filled, dropped before it even got there.

I've pulled off all unfilled limit orders for the weekend and will probably go flat on the remaining orders sometime today holding nothing over the weekend.


Add: I'm done for the week and flat on everything. Good week and I'm booking it all. Have a great weekend Y'all.

That is awesome! What a great week for you my friend. You have definitely earned it!

TY Damonl.

Good weekend and ready for the week ahead. Busy placing orders that I want in to start the week with.


Here's my E$ trade

Long limit order

Entry 1.3189
SL 1.3148
Risk 41 pips 1%

Updated this trade.

Wasn't paying attention to the retail gap when I planned this position. These often tend to close. Just tightening it up a bit and lowering my entry price to just above the gap inside the demand zone. This reduces my risk in pips and allows a larger position size.


Long limit order

Entry 1.3174
SL 1.3148
Risk 26 pips still 1%

Oh I just love these Fkn ratings agencies whipping my stops with downgrades. Typical that they report after the NY close. Ironicly it's also right after France and Belgium lifted the short selling bans on their bank stocks today too.

E$ long got cooked. SL hit

I feel like Indiana Jone's whip. Up and dawn and back and forth, and never missing a target. The lower interest rates remain, the longer this whiplash will remian in the markets I fear. Europe has blamed these volatile markets on our interest rates for decades., just about the time I finally get this right, I will be really pissed if they go out and change the game on me the bastards!

Ignore the last 3 trades I was in and out of quickly. I was testing the functions of a money management EA.

Watch where yer swinging that thing because I'm the one getting whipped this week.

I'm testing a few things this next couple weeks, probably right to the end of the month so everyone might do well to not copy these trades.

Testing a manual mechanical momentum strategy to try to smooth out my equity curve.... And keep it going in the right direction too LOL. If it can survive in this whipsaw chop it should do very well in trending markets.

Killer!
Inspired by your type of trading! Still playing a bit of daily for my main account but trying to get as little chart time daily in the future. In two years planning to have a baby so Ill concentrate on my family and other stuff rather than intraday stress test by 7,3 pippers there if you know what I mean!

Been simulating daily for months! Pretty good experiance. One learn that anything can happen in FX. No resistance no trendline etc-everything could break in few days, hours. So pretty much like the simulations. Still do them at my work. Daily only in MT4 and I trade them. Not with pencil as you did but with scripts that give you option to really trade the past. 2003-2008 years on any crosses. Playing it very good. Learned aj lot!

My plays atm:
Well, I started to play it from 7th of february. No stress really...I dont focus on one entry but I leave orders for a few piggies in a range of a few 20 pippers on some support and resistance...adding and managing little piggies is later on my main job. I do this with ease...I have automatic 0,666% TP on all piggies over aSSia and all the times.

First problem I see in this strategy is that atm dont have a SL. Well, Im scaling in and out as perfect as I can...but never placed SL yet. My positions are relatively small and always have A Lot more room and time to rethink the game. Im currently in one little battle with AUDCHF but have still lots of room btw. But I have a finger on the button if thing gets messy! So no remorse on SL!

Second problem derives I guess from the first one is that my biggest drawdown in this 3 week of trading is about 7%. This is not pretty much nice...I see that you are also atm experiance some difficulties, but still, what is your take on this issue.
When you have time for reply pls share your opinion and keep on killing the FX!

Right now I'm not concentrating on the forex. I switched back to daily from the 4 hr stuff I was testing to try somthing and it was a total flop LOL.

I havn't barely even touched my main accounts with MB Trading this year. I don't like the way the markets are reacting and whipping around with everyone running the printing presses wide open in a race to the bottom.


I won't be on here much the next few weeks or so. I've been concentrating on getting my car restoration shop going the last couple weeks. Finished putting in a workbench, a lot of shelving and a new car lift this week.

It's been almost a year since the old shop was packed up and torn down. I can't wait to finish unpacking all my toys

I havn't given up on this thread or my search for a mechanical system I like.

Ain't no wonder why 90% of people lose money in forex. I've tried several systems from scalping the 1 and 5 minute to the daily charts... both free and a few commercial systems and there is a ton of garbage out there.

I'm looking into something based on the 4 hr charts right now. We'll see how this goes before I post further on it.

Good job on the last swing!

Not a bad day today at all.

I have pretty much everything adjusted and conforming to what I am live testing right now and the charts don't get much more basic than this.

what are those three lines? some average bollinger there or something other..or perhaps keltner...they are obeyed pretty decently

Yes it appears it does respect the bands very well.


It's the TMA bands. Part of the Extreme TMA system you can read more about here

NOTE: This indicator does repaint. Not very noticeable on the 4 hr but can easily be seen on the 1 minute charts if you watch it a bit. Repainting makes it impossible to get a true backtest. If live testing going forward works somewhat close to what a backtest comes out with this, it's going to be a green pip eating monster. LOL


This quote that Alorente posted is what got me thinking. He's a trader I respect and is worth listening to.


I have talked about the mean and have used it to trail stops but never thought of it quite like this.

It's basicly a scalping / intraday system I was looking at how it looked on the 4 hr and daily charts. As I started ripping out the noise and clutter it went from ...

this




to this... when I was taking out stuff I consider "noise" and adjusting the charts to my preffered colors and settings and then forgot to hit the bar chart button. Line charts are something I never use but I like this as they only show the close of the candle which is what matters here so I left it alone.




I'm back full circle to small lot size with no SL. I just reverse the trade when I have my signal.
NOTE: please be aware that I will see some trades go 300 - 600 pips or possibly more against me before turning around. This is in MY comfort zone and will not blow up my account with the lot sizes I'm using for the equity I have.

A close on or below the green line - close short, enter long.
A close on or above the red line - close long, enter short.

GBPUSD long closed +191 pips. Short position opened.



GBPCAD long closed +164 pips. Short position opened

thanks for the info!

Keep collecting them pips!

You are welcome.


Busy morning, I almost broke a sweat working so hard

EURGBP long opened



EURUSD long closed +210 pips.
EURUSD short opened



USDCHF short closed +204 pips
USDCHF long opened

AUDCHF long opened earlier this morning.



NZDCHF short closed +115 pips
NZDCHF long opened



EURNZD long closed +229 pips
EURNZD short opened

seems like sarge ditched s/d for indies
jokin