Disliked{quote} Do you have any good articles I can read to learn about swing trading? My trading strategy is just something I made from combining different strategies Iv come across.Ignored
Nice wins, but if you want to make fewer trades with bigger profits even when you lose more than half the time, you can try price action swing trading.
It's not as exciting as intra-day trading but it can give you more profits if you do it right, without stressing yourself out too much.
So far, price action swing trading is working for me personally. It successfully freed me from forex stress because:
1. Charts look clean. The only indicators you have to deal with are slow and fast EMA.
2. You only trade from D1 to H1. Got rid of the chart grid and made color schemes as easy to the eye as possible.
3. You don't (and shouldn't) listen to news data results, not even in NFP or interest rates, although I'm aware when specific news is due today.
4. You trade using candlestick signals (price action), swing levels, channel top and bottom, one support level + one resistance level
Here's a mean reversion trade I made yesterday using price action strategy. Sorry for not being able to capture a screenshot when the trade was on. I dunno if you'd believe me but this is done on a real live account.
There's a trick in doing price action trading right. All it needs is a trader's ability to simplify his cognitive process.
Also, I'm not telling you what to do to trade more profitably. I'm not licensed to do that and not in any place to guide anyone's trade. I'm merely mentioning options that you may want to consider. Good luck with your trades, man. You'll get there.
It's not as exciting as intra-day trading but it can give you more profits if you do it right, without stressing yourself out too much.
So far, price action swing trading is working for me personally. It successfully freed me from forex stress because:
1. Charts look clean. The only indicators you have to deal with are slow and fast EMA.
2. You only trade from D1 to H1. Got rid of the chart grid and made color schemes as easy to the eye as possible.
3. You don't (and shouldn't) listen to news data results, not even in NFP or interest rates, although I'm aware when specific news is due today.
4. You trade using candlestick signals (price action), swing levels, channel top and bottom, one support level + one resistance level
Here's a mean reversion trade I made yesterday using price action strategy. Sorry for not being able to capture a screenshot when the trade was on. I dunno if you'd believe me but this is done on a real live account.
There's a trick in doing price action trading right. All it needs is a trader's ability to simplify his cognitive process.
Also, I'm not telling you what to do to trade more profitably. I'm not licensed to do that and not in any place to guide anyone's trade. I'm merely mentioning options that you may want to consider. Good luck with your trades, man. You'll get there.
{quote} You'd better just focused on studying only. You'll lose all (money, time, lesson...) if you trading FX at university.
. Inserted Video
Sorry for cheesy video
{quote} Do mainly use it for breakouts?
Here, I made a setup for a retracement trade. Luckily, an inside candle appeared. I market exec'd a sell order when price went below the lower yellow mark I made. Price retraced nicely.
- #30
- Mar 17, 2016 8:05am Mar 17, 2016 8:05am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
{quote} The guy on the video of the first page of your thread is really helpful for me this week. My worst week trading
{quote} That's Marc Douglas, author of the best selling classic ' Trading in the Zone ', who sadly passed away recently. You're not the first person he's helped