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[quote]ForexRefuge posted:
Good Morning friends
The Euro still shows a bullish trend on the daily chart as shown by stochastic(modified) 100,10,10 and bullish heiken ashi but the intraday chart swing configuration shows a rally between res/supp 13121/13027 so we may see another rally down to supp level 13027 if res 13127 holds but the long term move is bullish to res level 13200/13528 and these points are my aim.
The Usd/chf is showing a progressive bearish move to supp level 09950 as shown by stochastic 100,10,10
The Ucad is rather indecisive at the moment
so as a swing trader,i......
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Good Morning friends
The Euro still shows a bullish trend on the daily chart as shown by stochastic(modified) 100,10,10 and bullish heiken ashi but the intraday chart swing configuration shows a rally between res/supp 13121/13027 so we may see another rally down to supp level 13027 if res 13127 holds but the long term move is bullish to res level 13200/13528 and these points are my aim.
The Usd/chf is showing a progressive bearish move to supp level 09950 as shown by stochastic 100,10,10
The Ucad is rather indecisive at the moment.
so as a swing trader,i will remain focused on the long......
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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
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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.
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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 captu......
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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 ma......
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[quote]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.
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Even if ......
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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 positi......
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[quote]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.
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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 th......
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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 ad......
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