Forex Refuge चर्चा करें

Lets Discuss my swing trading technique

This is a brief overview of my trading strategy.

1. I swing trade the 1hour chart using the daily trend as a yardstick.
2. I use an average stop loss of 200/300 pips to allow for crazy price action.
3.As regards risk exposure,i use not more than 10% of my equity on a single position making sure the 200/300 pips standard stop loss falls within 10% of my equity.
4. I use strong res/supp levels for my stop loss and profit levels.
5. I also use the swing hedged technique to catch on retracement while still holding on to the main trend.
6.Basically i trade euro/ej and ucad
7.Above all,i don't babysit my trades so part time traders may tend to fall in love with my trading method but also good for full time ttraders who love to trade with peace of mind.

So come along with me.

So lets have a feel of how i trade.

EURO:l am long on euro to res level 13200 but on friday evening,a bearish correction started and i am also hedging the bullish move with same lot size used in buying to support level 12975 with another 2 new positions entered to this support level.


UCAD: I am selling this pair to supp level 10107 but also hedging the swift bullish move to res level 10374 with same lot size used in selling and another 2 new positions opened.

EJ: I have a sell stop waiting on this pair to supp level 11065


USD/CHF:I entered long on this pair to res level 10279 with a hedged sell position at 10051 which will also be an exit point for the bullish move.

So as you can see,i am a very patient trader,i check my charts from time to time i:e every close of the hourly candle or 4hr candle. No babysitting.

I have exit and entry config and i can stand huge negative pips as long as my configuration still looks good.

So lets ride on

Lets inform the people that this is cents account so deposit is actually $62,40. Risking 10%/trade is more likely suicidal.

I have a real account with a brokers using ECN platform talking about fx open with big equity and i trade exactly what i have presently with this account.

As a signal provider,this is a new account i set up for the sole purpose of my signals to drive home the analysis i made on my web page of turning 50usd to over 500,000usd in less than 5yrs and makes absolute no difference.

This is how i trade and i understand my supp/res levels so well as you will soon get to see. So whether its a cent account or mini/standard account,the result remains the same.And remember that i use a hedged swing method which is a cushioning effect.

Nevertheless i must let everyone understand that the sole aim of setting up this discussion is not for traders to follow my trades as open orders are private but only discuss my trading system so i don't know what informing people has got to do with this.

In forex,you are always advised to trade with money you can afford to lose so whether it is 62usd or 62000usd,it makes no difference as long as you can afford to lose that.

So i want traders to follow up the growth and lets discuss the swing trading method i use.

And finally,i would like to clear the issue of my money management method.

Risking 10% of my equity does not mean losing 10% because i use a standard stop loss of 200pips and as you can see from the history,i hardly lose up to100pips in a position which means i actually lose less than 5% of my equity in one failed position so you need to understand this,but if you are ok with risking 3% or less,cool.
So lets ride on.

I see that your current floating loss is ~18% which is a bit too much for a strategy using SLs.
Regarding the fact that this is cents account, why don't you show us your other account to prove you trust your strategy. It's very easy to play with $62. The other thing that bothers me is that this is only 1/2 month old account. 1/2 month history is almost nothing for a swing trading strategy.

forexma posted: Regarding the fact that this is cents account, why don't you show us your other account to prove you trust your strategy. It's very easy to play with $62. The other thing that bothers me is that this is only 1/2 month old account. 1/2 month history is almost nothing for a swing trading strategy.

Okay, I'm gonna bug you again 😄 and ask how you can tell that this is a cents account? And why does myfxbook show it as thousands? It's very misleading that it is doing this.

Patience posted:
    

forexma posted: Regarding the fact that this is cents account, why don't you show us your other account to prove you trust your strategy. It's very easy to play with $62. The other thing that bothers me is that this is only 1/2 month old account. 1/2 month history is almost nothing for a swing trading strategy.

Okay, I'm gonna bug you again 😄 and ask how you can tell that this is a cents account? And why does myfxbook show it as thousands? It's very misleading that it is doing this.

<a href='https://www.myfxbook.com/files/forexma/refuge.JPG' target='_blank'><img src='https://www.myfxbook.com/files/forexma/refuge.JPG'/></a>

As you may see it's showing the initial deposit as 300 but the comment says $3.
It's not myfxbook's fault, it's the broker's server.

Solar,

Please for pete's sake allow traders who wants to honestly track my trading method to do so.

I don't want to see you as one of those traders that love to always want to look for loop holes in other traders method.

Asking me to show my other personal account is very funny.

this is an account i started just three weeks ago,you can see the growth and yet you are busy looking for loop holes.

I told you i set this up for a reason of building it up to over 500,000usd in less than 5yrs so what i expect from you is to track it and not get busy with unnecessary assertions.

And if i will advice,please try to always look for positive areas in every traders trading method and harness it to a greater advantage rather than look for ways to discredit their effort.

It is too early for al these criticisms and i was expecting you to discuss on the euro,ucad and uchf swing analysis i gave and not waste your effort on what you are doing.

forexma posted:
    I see that your current floating loss is ~18% which is a bit too much for a strategy using SLs.
Regarding the fact that this is cents account, why don't you show us your other account to prove you trust your strategy. It's very easy to play with $62. The other thing that bothers me is that this is only 1/2 month old account. 1/2 month history is almost nothing for a swing trading strategy.

So you see why you need to spend more time in tracking the account and not waste your energy discrediting my method.

And a word of advice: Trade forex with a capital that is easy to play with,

Criticism is allways good and the only thing I didn't like about your style was the 10% risk/trade. I didn't say your strategy is bad. If you follow all my posts my criticism has allways been based on facts. Don't get me wrong - I don't want to discredit your efforts. And regarding the fact that I said the account is cents I had to do it because you didn't do it. It's just that people trading cents accounts don't fully trust their systems.
I wish you luck and success and if you manage to build it up to 500k I'll be the first to congratulate you.

So Friends,

Lets roll it


EURO/USD: I am still bullish on this pair as the daily chart still gives a strong bullish picture but i am also hedging the same pair to supp level 12980 which i believe should push the bulls back on course.

I Have two new positions bearish on euro asides the hedged position of the buy using same lot and i will take out the 2 new sell positions on euro at 12980 while i wait for a bullish resumption to take out the hedged sell leaving the bullish positions to move higher to res level 13210

As For Ucad,i am on the daily bearish trend but also hedging the sell position to res level 10380 which i see as a possible turning point for the bearish continuation so i hope to take out the new bullish positions at this res levels while i exit the hedged buy at the commencement of the bearish trend.

And for Usd/chf, i still see a test of res level 10207.

So lets see as it goes.

Happy Pipping

forexma posted:
    Criticism is allways good and the only thing I didn't like about your style was the 10% risk/trade. I didn't say your strategy is bad. If you follow all my posts my criticism has allways been based on facts. Don't get me wrong - I don't want to discredit your efforts. And regarding the fact that I said the account is cents I had to do it because you didn't do it. It's just that people trading cents accounts don't fully trust their systems.
I wish you luck and success and if you manage to build it up to 500k I'll be the first to congratulate you.

Even if you have the best trading method in the world,you still need to trade forex with a capital you can afford to play with and even lose.This is the way to trade forex.


I trust my method friend,you may not know me but i am a signal provider and i have many traders as my clients but i only decided to open this account to buttress the growth analysis i made on my website.

Don;t take my word,just gladly follow my analysis and judge for yourself.

I just got introduced to my fx book last month so thats why i decided to put up this account for monitoring to prove to the whole world that fx is about patience and that you can build millions from little capital.

Hope you understand.

ForexRefuge posted:
    

forexma posted:
    Criticism is allways good and the only thing I didn't like about your style was the 10% risk/trade. I didn't say your strategy is bad. If you follow all my posts my criticism has allways been based on facts. Don't get me wrong - I don't want to discredit your efforts. And regarding the fact that I said the account is cents I had to do it because you didn't do it. It's just that people trading cents accounts don't fully trust their systems.
I wish you luck and success and if you manage to build it up to 500k I'll be the first to congratulate you.

Even if you have the best trading method in the world,you still need to trade forex with a capital you can afford to play with and even lose.This is the way to trade forex.


I trust my method friend,you may not know me but i am a signal provider and i have many traders as my clients but i only decided to open this account to buttress the growth analysis i made on my website.

Don;t take my word,just gladly follow my analysis and judge for yourself.

I just got introduced to my fx book last month so thats why i decided to put up this account for monitoring to prove to the whole world that fx is about patience and that you can build millions from little capital.

Hope you understand.

We've heard this story many times before you.
I'm still wondering why a person capable of gaining hundreds of thousands from a small account needs to sell signals instead of trading his own capital and make millions. Why don't you attach your large ECN account here and put your money where your mouth is. If you look at what you're saying from another angle you could see how it looks. A new BIG trader pops up, promising a possibility to make big money from smallish account but all he's got as a proof is one $62,42 initial deposit account and two weeks of trading history.
I don't wanna waste my time and your time in endless and sensless discussion but big words need to go along with big proofs. If you're so well known signal provider with so many clients you gotta have history record, show it!

ForexRefuge posted:
    I have a real account with a brokers using ECN platform talking about fx open with big equity and i trade exactly what i have presently with this account.

As a signal provider,this is a new account i set up for the sole purpose of my signals to drive home the analysis i made on my web page of turning 50usd to over 500,000usd in less than 5yrs and makes absolute no difference.

This is how i trade and i understand my supp/res levels so well as you will soon get to see. So whether its a cent account or mini/standard account,the result remains the same.And remember that i use a hedged swing method which is a cushioning effect.

Nevertheless i must let everyone understand that the sole aim of setting up this discussion is not for traders to follow my trades as open orders are private but only discuss my trading system so i don't know what informing people has got to do with this.

In forex,you are always advised to trade with money you can afford to lose so whether it is 62usd or 62000usd,it makes no difference as long as you can afford to lose that.

So i want traders to follow up the growth and lets discuss the swing trading method i use.

And finally,i would like to clear the issue of my money management method.

Risking 10% of my equity does not mean losing 10% because i use a standard stop loss of 200pips and as you can see from the history,i hardly lose up to100pips in a position which means i actually lose less than 5% of my equity in one failed position so you need to understand this,but if you are ok with risking 3% or less,cool.
So lets ride on.

I don't know why but I have this strange feeling that you're not here to discuss your strategy but to advertise yourself as a signals provider.

You Know what Solar,

Chill out and cool your nerves.Please don't work yourself up.

I have been sending free signals for months before setting up a signal provider service,i love sharing ideas and so much more and even in the coming month i will also be sending free signals for the whole month.


Secondly,i believe very common sense will tell you that if i am here to sell my signals,i would have made my open positions public.

And lastly,i think you may find it difficult making a headway in forex trading with this atitude of yours.

For your information dear,i am not crazy about money as i make 6 figures income in my second business as a clearing agent and i trade fx part time.This is why i trade long term swings using the daily chart.

I still laugh at your challenging me of publishing my private account.Honestly you make me laugh because i don't know what you want to achieve with that.

I started this discussion by writing 'Lets discuss my swing trading method' but i can't place my fingers on why you diverted the whole focus to destructive criticism and unwarranted attack.

I will not reply to any of your post as regards all the aformentioned issues anymore.

If you are interested in swing trading then track my record and lets move on,if you are not,please allow those who want to to do so.

This is trading system discussion section of my fx book so please i repeat,don't work yourself up.

Swing Trading facts:

Swing trading involves the act of entering a trend at over bought/oversold regions.

Indicators used by swing traders are stochastic oscillators which shows when a trend is oversold or overbought as regards a giving timeframe.

ZigZag indicator is also used which shows a dinstint supp/res levels.

Candle sticks but i use heiken ashi candles which eliminates the blurr picture the regular candls show as you will know when a sell or buy candle is actually formed.

These are basically the indicators i use.


A swing trader keeps positions for more than day and looks to capture the long term moves of the trend.

A swing trader uses large stop loss to allow for space due to the random moves of prices action.

So here is the present swing configuration on euro,Ucad and EJ

1.EURO: This pair is presently gunning for res level 13159/13200 so traders are adviced to exit all bearish positions and go with the bulls.


2. EJ This pair is also on the bullish side to test res level 11298 so we all can look into going long on this pair.

3.USD/CHF:This pair has confirmed a bearish trend continuation so we may be looking at selling to supp level 09935.

4.UCAD:This pair is not really decisive at the moment.

So lets see as it goes.

here are the pictures i still see.

Euro is definitely gunning for res level 13221 but may retrace a bit to supp level 13019 before blowing up

EJ may also take a swift down turn to test supp level 11110 but the daily res point to watch out for is 11361

UCAD is really giving a conflicting config so we must be patient to see a bettter config

USD/CHF is on a bearish move to supp level 09945 so we will watch out for that but a mild bullish corection may tak place during asian session.

Happy pipping