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Day Trading vs. Swing Trading vs. Position Trading 84 replies

Attachments: SimpleFib Trading
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SimpleFib Trading

  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting simoneg
{quote} Nice Trade and Trade Plan Ravelt!
Thanks got 37 pips on EJ exit @140 my entry a bit late. But i guess 37 pips a day is more than enough
Quoting Ravelt
{quote} Thanks got 37 pips on EJ exit @140 my entry a bit late. But i guess 37 pips a day is more than enough
Absolutely!
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Good Morning! Hope you had a great weekend and are fully refreshed for the new week
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Long EURJPY at Monthly Long Level. ***chart should read exit at Monthly Bull Target
Attached Image (click to enlarge)
Click to Enlarge Name: longej.jpg Size: 86 KB
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Long GJ @ Major Swing Pivot/ Monthly Swing Long. ***chart should read exit at Monthly Bull Target (maximum)
Attached Image (click to enlarge)
Click to Enlarge Name: longgj.jpg Size: 83 KB
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still shorting lol
Long NZDUSD @ Daily Major Swing Long/Monthly Resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: nzlong.jpg Size: 90 KB
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Quoting simwee_1312
still shorting lol
ok cool.
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Looks like market waiting ECB President Draghi speak at 9:00 ; I am sitting on my hands now
Quoting simoneg
Long NZDUSD @ Daily Major Swing Long/Monthly Resistance. {image}
Hi Simoneg,

Did you took long trade as touch trade?
Because last 4 hours candle looks pin bar, some traders consider it as reversal pattern for short position.

Just asking because trying to learn this method.

Regards,
Quoting 786 trading
{quote} Hi Simoneg, Did you took long trade as touch trade? Because last 4 hours candle looks pin bar, some traders consider it as reversal pattern for short position. Just asking because trying to learn this method. Regards,
Hey 786, not so clear on what you are referring to as touch trade. However, though at times I will pay attention to Pinbars and other candlestick patterns, when I take all into consideration, and what the predominant trend is/has been on daily and weekly, my bias is bullish.

For instance on the EURJPY H4, the support (139.25) of the last major swing (141.26 to 138.78) has been holding since February 7th. Hence, the stall at the Monthly long justifies my long entry.

Similarly, the Monthly long on GJ has been holding since Feb 12th, and here is price stalling at this level again. Coupled with the fact that the H4 major swing (171.86 to 168.31) shows the 19.1% support holding, giving no close below and again today stalling.

So, for me for now, these longs look good. My personal take.
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Modifed my post a bit 786, but I hope I have answered your question.
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Usoil short ab=cd plus fibo 161.8
Attached Image (click to enlarge)
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Quoting simoneg
Long NZDUSD @ Daily Major Swing Long/Monthly Resistance. {image}
Sorry I was away; just came now.
Here is the attached image I was refering. There is pin bar on 4 hour on NzdUsd but that was above the Long fibo level.
Attached Image (click to enlarge)
Click to Enlarge Name: questionnzlong.jpg Size: 145 KB
Quoting 786 trading
{quote} Sorry I was away; just came now. Here is the attached image I was refering. There is pin bar on 4 hour on NzdUsd but that was above the Long fibo level. {image}
Ok, got you 786. I provided some general explanation earlier with specific references to GJ and EJ, but yes here the pinbar closed above the long level and resistance, so I am still long....and on touch.
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Quoting Nitsan_Levi
Usoil short ab=cd plus fibo 161.8 {image}
and its fall from there ^ daily candle almost turn from blue to red
Quoting Nitsan_Levi
Usoil short ab=cd plus fibo 161.8 {image}
Looks like your chart is anticipating a weakening of the dollar Nitsan
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Quoting simoneg
Long EURJPY at Monthly Long Level. ***chart should read exit at Monthly Bull Target {image}
Trade protected +2pips
Attached Image (click to enlarge)
Click to Enlarge Name: ejupd.jpg Size: 105 KB
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Quoting simoneg
Long GJ @ Major Swing Pivot/ Monthly Swing Long. ***chart should read exit at Monthly Bull Target (maximum) {image}
Trade protected +2pips
Attached Image (click to enlarge)
Click to Enlarge Name: gjupd.jpg Size: 95 KB
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Quoting simoneg
Long NZDUSD @ Daily Major Swing Long/Monthly Resistance. {image}
Risk reduced to -12pips.
Attached Image (click to enlarge)
Click to Enlarge Name: nupd.jpg Size: 84 KB
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