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Swing it baby ;-)

  • #1
  • First Post: Sep 10, 2013 3:10pm Sep 10, 2013 3:10pm

It's All obvious from the Title. first of all I'm Muhammad, A new member to this Amazing community. I'm a student so that's why I thought about the Swing trading style because it let's me trade on the 4h and daily candles. Right now I'm learning The sonic R system and I've some information from watching a lot of lectures on YouTube the whole last month made by a professional trader called Steve Nison and It was really beneficial. Now, I'm looking for trading under the watch of you people so I'm gonna establish a trader explorer plus posting every chance I'm going to make here so we can discuss it in depth. I know that some people may tell me this is a hard world and don't expect to do it right after one month of learning. I know it's but I take my work seriously plus I have that feeling that I'm in the right place to start the journey .... Stay Awesome people ;-)

So sorry for always replying late! But I got 2 Jobs!!
  • #2
  • Sep 10, 2013 3:27pm Sep 10, 2013 3:27pm
Quoting Muhammad Ezz
It's All obvious from the Title. first of all I'm Muhammad, A new member to this Amazing community. I'm a student so that's why I thought about the Swing trading style because it let's me trade on the 4h and daily candles. Right now I'm learning The sonic R system and I've some information from watching a lot of lectures on YouTube the whole last month made by a professional trader called Steve Nison and It was really beneficial. Now, I'm looking for trading under the watch of you people so I'm gonna establish a trader explorer plus posting every...
Welcome Muhammad! I wish you the best of luck in your journey. It's a long road, but if you can stay focused, you can win. I've been reading this forum for almost a year, but just recently decided to start posting. There is a lot of junk, useless arguments, etc. here, which is why I didn't initially care to post. Just use your own head to disregard the pointless information, and carefully understand all of the useful stuff here. There is so much amazing stuff here, so many great people. This forum for me has been a "holy grail" of information hidden behind all of the counterproductive arguments. You will learn so much about yourself and your trading as long as you stick with us.

Once again, wish you the best!
  • #3
  • Sep 10, 2013 3:50pm Sep 10, 2013 3:50pm
Quoting FXMasterSK
{quote} Welcome Muhammad! I wish you the best of luck in your journey. It's a long road, but if you can stay focused, you can win. I've been reading this forum for almost a year, but just recently decided to start posting. There is a lot of junk, useless arguments, etc. here, which is why I didn't initially care to post. Just use your own head to disregard the pointless information, and carefully understand all of the useful stuff here. There is so much amazing stuff here, so many great people. This forum for me has been a "holy grail" of information...

Thanks for the warm Welcome I'll try to stay focused you know Yeah there are a lot of quality lads over here, I had TAH (TradeAtHome) explaining stuff for me on the Sonic R System plus Many buddies I messaged reply was really helpful understanding stuff I didn't get by 1st sight. wish ya the best too brotha
So sorry for always replying late! But I got 2 Jobs!!
  • #4
  • Sep 10, 2013 4:03pm Sep 10, 2013 4:03pm
Hey guys what do you think about this broken down trend ? ... Do you think it's gonna retest the broken point then fly high ?
and What about the Target line I set ? is it correct in such circumstances to set it as the next high resistance ?
and speaking of the SL ? what do you think about the space I'm giving to the pair to move ? Or is it more right to Just watch it on daily basis and when it break a support or get back under the trend to go out ? ... Ezz
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  • #5
  • Sep 10, 2013 4:20pm Sep 10, 2013 4:20pm
Quoting Muhammad Ezz
Hey guys what do you think about this broken down trend ? ... Do you think it's gonna retest the broken point then fly high ? and What about the Target line I set ? is it correct in such circumstances to set it as the next high resistance ? and speaking of the SL ? what do you think about the space I'm giving to the pair to move ? Or is it more right to Just watch it on daily basis and when it break a support or get back under the trend to go out ? ... Ezz {image}

And Do you think that breaking this resistance on the 4 hours chars supporting what I've said earlier about the price going up ?
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So sorry for always replying late! But I got 2 Jobs!!
  • #6
  • Edited 5:15pm Sep 10, 2013 4:54pm | Edited 5:15pm
So 300+ members saw this and couldn't help ! :O ... seriously ??!
So sorry for always replying late! But I got 2 Jobs!!
  • #7
  • Edited Sep 11, 2013 11:10am Sep 10, 2013 5:41pm | Edited Sep 11, 2013 11:10am
Btw, I'm still waiting for the Experts opinions
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  • #8
  • Sep 10, 2013 6:20pm Sep 10, 2013 6:20pm
Here's I think another opportunity. This time on the GBPJPY. I'll wait for the price to 1. break the next resistance area 158.60 to 158.70 to ride it ( buy it ) to the next station @ 159.30 Or 2. Test back and break in the broken resistance transforming it into a support again and in this case I think it may drop down to around 156.60 then if 1. couldn't break the up trend I'll buy it with the same target I mentioned earlier Or 2. break the up trend and in such case I'll sell it to the support area around 155.50 ... All this is just a theory and Maybe I'm drunk or hallucinating considering that I was hitting school books for a continuous three hours with breaks to check in here of course
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  • #9
  • Sep 10, 2013 6:59pm Sep 10, 2013 6:59pm
Quoting Muhammad Ezz
Hey guys what do you think about this broken down trend ? ... Do you think it's gonna retest the broken point then fly high ? and What about the Target line I set ? is it correct in such circumstances to set it as the next high resistance ? and speaking of the SL ? what do you think about the space I'm giving to the pair to move ? Or is it more right to Just watch it on daily basis and when it break a support or get back under the trend to go out ? ... Ezz {image}
If I were to take this trade based upon the daily chart, I would put my stop just below the gold line. That appears to be a flip of resistance to support now so if that doesn't hold then I'd be out. You also have a big round number of .9500 to act as support just below so STOP would be just below that #.
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  • #10
  • Sep 10, 2013 7:13pm Sep 10, 2013 7:13pm
Quoting srt
{quote} If I were to take this trade based upon the daily chart, I would put my stop just below the gold line. That appears to be a flip of resistance to support now so if that doesn't hold then I'd be out. You also have a big round number of .9500 to act as support just below so STOP would be just below that #. {image}
Good theory pal ... for me I think I won't use the SL for now and instead wait for those two resistance / support levels ( red - green ) to be broken so I can determine where the price is going ? .... What do you think about the take profit ? ... Ezz
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  • #11
  • Edited 7:42pm Sep 10, 2013 7:31pm | Edited 7:42pm
Quoting Muhammad Ezz
{quote} Good theory pal ... for me I think I won't use the SL for now and instead wait for those two resistance / support levels ( red - green ) to be broken so I can determine where the price is going ? .... What do you think about the take profit ? ... Ezz {image}
Based upon the weekly chart, .9915 could be tough resistance so would pull stop close if price gets there.

One important thing though about crosses is that you almost need to do your analysis on each currency rather than using the chart from just the cross itself. It makes it more difficult to trade crosses so for beginning it's easier to stick with the majors for doing chart analysis. You would need to check the AUS/USD chart & the USD/CAD chart to really get a better idea about where to watch for trouble areas.
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  • #12
  • Sep 10, 2013 7:39pm Sep 10, 2013 7:39pm
Quoting srt
{quote} Based upon the weekly chart, .9915 could be tough resistance so would pull stop close if price gets there. {image}

Yeah man you're right. I've thought about this resistance area back in post #4 but later thought like Oh god this could take about 2-3 weeks to get there and it'll need kinda widening my SL which I don't prefer to do, you know
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  • #13
  • Sep 10, 2013 8:04pm Sep 10, 2013 8:04pm
Quoting Muhammad Ezz
{quote} Yeah man you're right. I've thought about this resistance area back in post #4 but later thought like Oh god this could take about 2-3 weeks to get there and it'll need kinda widening my SL which I don't prefer to do, you know
I think you might be looking at the numbers incorrectly. My SL would be just below .9500 & target about .9900 so risking 130 to make 300. It took just 10 days to go from .9900 to .9200 (700 pips) so I don't think it'll take 2-3 weeks to return to that level (300 pips) if it's going to. Also, why would your SL increase? Your target was around 1.003 which is a larger target than mine so not sure why you'd use a larger SL for a smaller target.
  • #14
  • Sep 10, 2013 8:13pm Sep 10, 2013 8:13pm
Quoting srt
{quote} I think you might be looking at the numbers incorrectly. My SL would be just below .9500 & target about .9900 so risking 130 to make 300. It took just 10 days to go from .9900 to .9200 (700 pips) so I don't think it'll take 2-3 weeks to return to that level (300 pips) if it's going to. Also, why would your SL increase? Your target was around 1.003 which is a larger target than mine so not sure why you'd use a larger SL for a smaller target.
If you checked post #10 you'd know that I changed my sl area to under 0.9584 and yeah the ratio of 130/300 is pretty good and about the time thing I just realized that it took a couple of candles on weekly chart to go down that's why I said 2-3 weeks
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  • #15
  • Sep 10, 2013 10:35pm Sep 10, 2013 10:35pm
Hello Admin ... I can't see a reason why my thread was moved! Here in the trading journal people go like giving signals which isn't my thread about. I wanna learn so in the 1st place I wanted to put it in the interactive trading section but couldn't because I'm new and don't have those four vouchers! So the trading discussion was my second option. Now I'm here nobody will correct me when I'm wrong and like I said I'm here to learn :/
So sorry for always replying late! But I got 2 Jobs!!
  • #16
  • Sep 11, 2013 1:08am Sep 11, 2013 1:08am
Quoting Muhammad Ezz
Hello Admin ... I can't see a reason why my thread was moved! Here in the trading journal people go like giving signals which isn't my thread about. I wanna learn so in the 1st place I wanted to put it in the interactive trading section but couldn't because I'm new and don't have those four vouchers! So the trading discussion was my second option. Now I'm here nobody will correct me when I'm wrong and like I said I'm here to learn :/

RElax
1st learn to trade!! prove it to yourself then demand threads in interactive section.
You got 43 posts dude.Relax
While you are going all excited my best advise is to observe a lot and say less.Starting a thread was not good idea.Sometimes it adds pressure to "perform"
and ego boast like "look at me guys"
You already demanded 300 views and no reply.People are not obligated to reply specially to a rookie who already is complaining about locations.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #17
  • Sep 11, 2013 5:05am Sep 11, 2013 5:05am
Quoting Davit
{quote} RElax 1st learn to trade!! prove it to yourself then demand threads in interactive section. You got 43 posts dude.Relax While you are going all excited my best advise is to observe a lot and say less.Starting a thread was not good idea.Sometimes it adds pressure to "perform" and ego boast like "look at me guys" You already demanded 300 views and no reply.People are not obligated to reply specially to a rookie who already is complaining about locations. Regards
You're right. Sounds like I was rushing a little bit. My only point of making a thread was to get people eyes to interact with me on the trades I post because in the threads made by the experts my post as a rookie goes unnoticed. Anyway I'll continue posting here. It's still a thread. And thanks for taking time to reply
So sorry for always replying late! But I got 2 Jobs!!
  • #18
  • Sep 11, 2013 8:09am Sep 11, 2013 8:09am
A sell after breaking down this support area ?
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  • #19
  • Sep 11, 2013 9:36am Sep 11, 2013 9:36am
I think it can be sold now with the yellow line as a target then if it didn't break the support or the up trend I'm gonna buy it with the green line as a target ... what do you think guys ?
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  • #20
  • Sep 11, 2013 12:45pm Sep 11, 2013 12:45pm
Quoting Muhammad Ezz
A sell after breaking down this support area ? {image}

Don't sell EG below 84.
Basically selling below already extremely oversold position has higher probability to reverse upside and rather quickly.
In trading, you have to be defensive and aggressive at the same time
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