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Day Trading vs. Swing Trading vs. Position Trading 86 replies

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SimpleFib Trading

  • #81
  • Feb 26, 2014 2:46am Feb 26, 2014 2:46am
Quoting Ravelt
{quote} Where is the ideal SL ? a lil bit confused to decide
I am not trading GU at the moment Ravelt. Was just sharing a pic for you to pay attention to while in your long trade. If the picture is unclear, nothing is wrong with staying flat. Loads of opportunities ahead. I like to us 40-55pip stops. However, some setups require a wee bit more particularly on the daily. Just ensure that your stop measures well with your MM rules.
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  • #82
  • Feb 26, 2014 2:57am Feb 26, 2014 2:57am
Quoting simoneg
Long EJ, GJ & NJ... {image} {image} {image} {image}
@ 786 - Look at the charts and observe the PA around the swing short for EJ & GJ and swing long for NJ.
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  • #83
  • Feb 26, 2014 3:36am Feb 26, 2014 3:36am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting simoneg
{quote} I am not trading GU at the moment Ravelt. Was just sharing a pic for you to pay attention to while in your long trade. If the picture is unclear, nothing is wrong with staying flat. Loads of opportunities ahead. I like to us 40-55pip stops. However, some setups require a wee bit more particularly on the daily. Just ensure that your stop measures well with your MM rules.
Okay, thanks for input
  • #84
  • Feb 26, 2014 3:41am Feb 26, 2014 3:41am
Quoting Ravelt
{quote} Okay, thanks for input

No prob!
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  • #85
  • Feb 26, 2014 5:15am Feb 26, 2014 5:15am
Quoting simoneg
{quote} @ 786 - Look at the charts and observe the PA around the swing short for EJ & GJ and swing long for NJ.
Thank you;
Here are my trades today;
Gold buy -17 ; gpbusd sell -22; eurusd short -5; gbpjpy long +22; audusd sell +26;
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  • #86
  • Feb 26, 2014 5:22am Feb 26, 2014 5:22am
Quoting 786 trading
{quote} Thank you; Here are my trades today; Gold buy -17 ; gpbusd sell -22; eurusd short -5; gbpjpy long +22; audusd sell +26; {image}
Nice trades 786! The more you trade the strategy the comfortable you will become with trade decisions, tp etc.
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  • #87
  • Feb 26, 2014 5:45am Feb 26, 2014 5:45am
Cancelled my NZDUSD sell limit. Was not filled.
Previous NJ and GJ shorts stopped at entry so short again, pretty much on same setup.
Short EJ at Weekly/Swing Resistance, targeting Swing/Weekly support.

NJ showing price rejection to the upside, so expecting price to fall at least to swing/weekly support or further, to weekly/swing bear targets.
GJ failing and stalling below weekly/swing long level, so anticipating fall to at least weekly/swing short or support and further to bear targets.

Charts below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: njwk.jpg Size: 65 KB
Click to Enlarge Name: gjwkly.jpg Size: 65 KB
Click to Enlarge Name: ejwkly.jpg Size: 58 KB
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  • #88
  • Feb 26, 2014 5:51am Feb 26, 2014 5:51am
Quoting simoneg
{quote} Nice trades 786! The more you trade the strategy the comfortable you will become with trade decisions, tp etc.
Thank you;
Long at gy will watch closely;
Attached Image (click to enlarge)
Click to Enlarge Name: 2gbpjpyh1.png Size: 34 KB
  • #89
  • Feb 26, 2014 6:03am Feb 26, 2014 6:03am
Very bearish indication at the swing/weekly long, for the past 24 hours, price is stalling/closing below. Let's watch and see.
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  • #90
  • Feb 26, 2014 6:07am Feb 26, 2014 6:07am
Quoting simoneg
Very bearish indication at the swing/weekly long, for the past 24 hours, price is stalling/closing below. Let's watch and see.
I am watching it very carefully ready to manually close if 1 hr shows against pa;
Also took short at usdjpy; I think usdjpy and gbpjpy are correlated?
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  • #91
  • Feb 26, 2014 6:13am Feb 26, 2014 6:13am
Quoting 786 trading
{quote} I am watching it very carefully ready to manually close if 1 hr shows against pa; Also took short at usdjpy; I think usdjpy and gbpjpy are correlated? {image}
ok great 786. I am not quite sure of the correlation between those two pairs. Will check and see what I find or maybe someone else here could help.
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  • #92
  • Feb 26, 2014 6:15am Feb 26, 2014 6:15am
Quoting simoneg
{quote} ok great 786. I am not quite sure of the correlation between those two pairs. Will check and see what I find or maybe someone else here could help.
At least right now they are showing correlation; my sl hit in gbpjpy -29; will see how usdjpy goes
  • #93
  • Feb 26, 2014 6:17am Feb 26, 2014 6:17am
Quoting 786 trading
{quote} At least right now they are showing correlation; my sl hit in gbpjpy -29; will see how usdjpy goes
ouch. Thought you were monitoring that. next trade anyhow. Are you long usdjpy or short?
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  • #94
  • Feb 26, 2014 6:17am Feb 26, 2014 6:17am
No worries just saw it ok.
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  • #95
  • Feb 26, 2014 6:20am Feb 26, 2014 6:20am
Quoting simoneg
{quote} ouch. Thought you were monitoring that. next trade anyhow. Are you long usdjpy or short?
I was monitoring but move was strong, did not get chance to manually close it; I am short in usdjpy;
I am learning this method by taking very small risk as my trade size is very small.
  • #96
  • Feb 26, 2014 6:23am Feb 26, 2014 6:23am
Quoting 786 trading
{quote} I was monitoring but move was strong, did not get chance to manually close it; I am short in usdjpy; I am learning this method by taking very small risk as my trade size is very small.
ok cool.
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  • #97
  • Feb 26, 2014 6:25am Feb 26, 2014 6:25am
Quoting 786 trading
{quote} I was monitoring but move was strong, did not get chance to manually close it; I am short in usdjpy; I am learning this method by taking very small risk as my trade size is very small.
Close usdjpy +10 ; was not feeling comfortable as all market is moving down but not this pair.
  • #98
  • Feb 26, 2014 6:34am Feb 26, 2014 6:34am
Quoting simoneg
Cancelled my NZDUSD sell limit. Was not filled. Previous NJ and GJ shorts stopped at entry so short again, pretty much on same setup. Short EJ at Weekly/Swing Resistance, targeting Swing/Weekly support. NJ showing price rejection to the upside, so expecting price to fall at least to swing/weekly support or further, to weekly/swing bear targets. GJ failing and stalling below weekly/swing long level, so anticipating fall to at least weekly/swing short or support and further to bear targets. Charts below. {image} {image} {image}
Shorts closed +143pips. GJ reached swing/weekly short and stalling same for EJ. NJ stalling above weekly long and previous bar failed to close above weekly resistance.
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  • #99
  • Feb 26, 2014 6:41am Feb 26, 2014 6:41am
Quoting simoneg
{quote} Shorts closed +143pips. GJ reached swing/weekly short and stalling same for EJ. NJ stalling above weekly long and previous bar failed to close above weekly resistance.
Nice trade
  • #100
  • Feb 26, 2014 6:48am Feb 26, 2014 6:48am
Quoting 786 trading
{quote} Nice trade
Thanks 786! Ok I am seriously out of here for this week. Trade safely all and have a great weekend!
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