{quote} I'm sorry to interrupt you, but what would you consider for swing trading for now?
Ignored
Hi DitterPD,
Actually you're not interrupting, but asking a very good question. This is a very large topic, but I'll try to explain in short. You are asking about asset selection and this is very important in times of low volatility. If you look at the average daily ranges, it is obvious that pairs like EURCHF, EURGBP and USDCAD for example should not be traded. Even EURUSD with its 77.7 pips average range is not OK. It depends what you mean by swing, but if you want to select from various currency pairs and other assets you should look at the average daily range and/or standard deviation. Don't pick a pair with low liquidity just because it is volatile.
Pair
Range
AUD/USD
81.0
EUR/CHF
39.5
EUR/GBP
44.5
EUR/JPY
102.1
EUR/USD
77.7
GBP/JPY
124.3
GBP/USD
100.5
NZD/USD
84.0
USD/CAD
52.5
USD/CHF
65.6
USD/JPY
79.4
XAG/USD
72.7
XAU/USD
2651.3
I think that a professional trader should apply more sophisticated approach. Instead of choosing more volatile assets and try to trade pairs like USD/INR or USD/BRL, it is much better to trade EURUSD but to overcome the problem with lower volatility. One of the solutions is to trade options when the market is not moving and spot when it is trending well. The last two days were great for spot positions as you can from the examples here. When the daily range is low you can use the leverage effect of the options and to make 20-30 pips out of 5-10 pips price move (actually you can trade with 1:10 leverage sometimes). This leverage is not the one provided with your broker. This is in general. If you have any questions I will answer.
some times market Amazing respect to one or more support/resistant(MAs,Levels,...)
I think we must smart enough to realize this and surfing with the market
some times market Amazing respect to one or more support/resistant(MAs,Levels,...) I think we must smart enough to realize this and surfing with the market {image}
Ignored
Absolutely. Trading is actually pretty simple and this is the most difficult part for 95% of the traders. ""Trend is your friend, "Follow the big money". It doesn't matter how you will call it. Just find out what the big guys are doing and do the same.
STE on GU: so Aggressive because NY open: +9 {image}
Ignored
I see that you found you techniques I didn't remember to reveal here. This is the aggressive version of STE. Entry is just after the EMAs cross. No signs of change of the direction but great R/R. I would sell a little bit later around the highs (1.5971).
{quote} I see that you found you techniques I didn't remember to reveal here. This is the aggressive version of STE. Entry is just after the EMAs cross. No signs of change of the direction but great R/R. I would sell a little bit later around the highs (1.5971).
Ignored
thanks man
you are actually Great
I learn so things with you
