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

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SimpleFib Trading

  • #121
  • Feb 27, 2014 8:39pm Feb 27, 2014 8:39pm
  •  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
  • #122
  • Mar 3, 2014 5:23am Mar 3, 2014 5:23am
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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  • #123
  • Mar 3, 2014 5:25am Mar 3, 2014 5:25am
Good Morning! Hope you had a great weekend and are fully refreshed for the new week
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  • #124
  • Edited 5:44am Mar 3, 2014 5:29am | Edited 5:44am
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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  • #125
  • Edited 6:39am Mar 3, 2014 5:38am | Edited 6:39am
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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  • #126
  • Mar 3, 2014 5:48am Mar 3, 2014 5:48am
still shorting lol
  • #127
  • Mar 3, 2014 5:50am Mar 3, 2014 5:50am
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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  • #128
  • Mar 3, 2014 6:44am Mar 3, 2014 6:44am
Quoting simwee_1312
still shorting lol
ok cool.
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  • #129
  • Mar 3, 2014 6:48am Mar 3, 2014 6:48am
Looks like market waiting ECB President Draghi speak at 9:00 ; I am sitting on my hands now
  • #130
  • Mar 3, 2014 6:53am Mar 3, 2014 6:53am
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,
  • #131
  • Mar 3, 2014 7:05am Mar 3, 2014 7:05am
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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  • #132
  • Mar 3, 2014 7:19am Mar 3, 2014 7:19am
Modifed my post a bit 786, but I hope I have answered your question.
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  • #133
  • Mar 3, 2014 7:32am Mar 3, 2014 7:32am
Usoil short ab=cd plus fibo 161.8
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Click to Enlarge Name: 2014___161.jpg Size: 123 KB
  • #134
  • Mar 3, 2014 7:53am Mar 3, 2014 7:53am
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
  • #135
  • Mar 3, 2014 7:57am Mar 3, 2014 7:57am
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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  • #136
  • Mar 3, 2014 8:09am Mar 3, 2014 8:09am
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
  • #137
  • Mar 3, 2014 9:30am Mar 3, 2014 9:30am
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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  • #138
  • Mar 4, 2014 5:00am Mar 4, 2014 5:00am
Quoting simoneg
Long EURJPY at Monthly Long Level. ***chart should read exit at Monthly Bull Target {image}
Trade protected +2pips
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Click to Enlarge Name: ejupd.jpg Size: 105 KB
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  • #139
  • Mar 4, 2014 5:04am Mar 4, 2014 5:04am
Quoting simoneg
Long GJ @ Major Swing Pivot/ Monthly Swing Long. ***chart should read exit at Monthly Bull Target (maximum) {image}
Trade protected +2pips
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Click to Enlarge Name: gjupd.jpg Size: 95 KB
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  • #140
  • Mar 4, 2014 5:11am Mar 4, 2014 5:11am
Quoting simoneg
Long NZDUSD @ Daily Major Swing Long/Monthly Resistance. {image}
Risk reduced to -12pips.
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Click to Enlarge Name: nupd.jpg Size: 84 KB
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