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Swing Trading Analysis & Results

DRFXTRADING (DRFXTRADING)
Aug 08 2015 at 19:29
169 posts

Hey guys, how´s the trading going?


The Bear Crown/Head and Shoulders pattern is very common across the Forex and is one of those that leads to strong reversals.







Based on what is taking place on the EURO AUD, we may already have the Left Tip and Centre Tip already formed. If we see a Right Tip, it would represent the start of reversal. This would lead to a Downtrend that is needed to complete the Range Setup taking shape on the Daily Chart.

















If we get a strong breakout below the Uptrend Lines, Setups and Signals that provide 200 Pips within this expected 1000 Pip drop, are likely to be there for the taking.


Duane

DRFXTRADING

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NjaneFX
Aug 17 2015 at 08:26
4 posts
This has been the most helpful forum post considering it is in alignment to my trading method (swing trading). I'm still a newbie trading on demo though. Yet to iron out some things like trading breakout, and figuring entry signals. Thanks a lot Duane, keep posting, you have no idea how many are learning from you. :-)😎

alexforex007
Aug 18 2015 at 06:27
774 posts
Very good charts and explanations, indeed. Nice way to box the prices and determine possible breakouts.

DRFXTRADING (DRFXTRADING)
Aug 23 2015 at 19:14
169 posts
Thanks NjanFX, alexforex,

This method is very powerful not just for Swing Traders but for Day Traders.

The power of these patterns can be applied to all time frames and are a good complement to other techniques that people already use..indicators etc.

 

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NjaneFX
Aug 24 2015 at 06:51
4 posts
Hi Duane. Got your PM. Definitely interested. About to have a look at the link. 😎😎

DRFXTRADING (DRFXTRADING)
Aug 30 2015 at 19:10
169 posts
......Yet another example of how Consolidation Breakouts with Large Candles lead to False Breakouts....another trap of the market..


EURO USD looked set to break higher with this Large Candle...








...but I expected it to at least pause before either moving sideways or reversing sharply....








This is because these Large Candles, as attractive as they are, hardly lead to successful breakouts.


Figuring this out and identifying the types of Candles that actually lead to profitable breaks was what I had to do...









I cant tell how much money was lost and time spent in spotting the right signals to trade- made a big difference in results.

Although this has taken place on the Daily Chart, these Large Candles are seen across all time frames as well. Its not so much the size in terms of Pips but relative to the other Candles on the time frame being traded. So whether you are a Day or Swing Trader, they will appear from time to time.


Once you can make this distinction, it becomes much easier to avoid these traps.






Duane
DRFXTRADING

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DRFXTRADING (DRFXTRADING)
Sep 28 2015 at 17:33
169 posts
Trading opportunity on the NZD CAD to head back down to Support withing the Daily Chart´s Range Setup.








We would be looking to trade this using a signal on the 4 Hour Chart.








Strong Bearish Signal has been given at Resistance, but not enough to start the move.


We gonna need either an ABC or Bear Crown/head and shoulders pattern to get going.






Duane
DRFXSWINGTRADING

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DRFXTRADING (DRFXTRADING)
Nov 04 2015 at 23:01
169 posts
Hey all, been awhile, back with you.

These Videos will now show you examples of a more aggressive Swing Trading approach based on my current Methodology. They will show how you can take advantage of profitable movements in the market each week that can provide an average of 150 Pips per trade. As long as you know which trading rule to apply to the trading opportunity presented, you will be able to profit from these trades on a consistent basis every month.


There are now 5 Swing Trading Strategies that I use which will be showcased here which you can easily apply to your trading.



1. Trading Within Consolidation using Support and Resistance

2. Trading Within Consolidation using Daily Chart Signals

3. Trading Within Consolidation using 4 Hour Chart Signals

4. Trading Strong Trends/Consolidation Breakouts

5. Trading Slow Trends/Consolidation Breakouts




As Swing Traders using Price Action/Candlestick Signals, a big challenge when Trading within Consolidations is figuring out which time frame to use for entry or if we should simply enter at the S/R areas. There are several Technical Factors that determine which strategy to use but one of them has to do with the size of the Consolidation. For small ones such as in the Video below, volatility at the S&R areas is minimal, making it easier for us to enter there without waiting on the Candlestick Signals. For larger Consolidations, however, Daily and 4 Hour Chart Signals have to be used given the increased volatility/spikes at these areas.


There are some Trends and Consolidation Breakouts that are very fast and are characterized by Strong, Large Candles while others have Small, Slow Candles. These require 2 Types of Trading Strategies to ensure we aren't affected by unexpected pullbacks that lead to losses.


These Trades will also be shown in the Dukascopy Trader Contest to show how they perform under a competitive environment. By targeting an average of 150 Pips per trade twice a week, it is possible to generate 1200 Pips each month - very large turnover that can provide strong Short Term and Long-Term Gains.


Any questions and comments, fire away.


102 PIPS GBP CAD - TRADING WITHIN CONSOLIDATION USING SUPPORT AND RESISTANCE















Regards


Duane

DRFXSWINGTRADING

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DRFXTRADING (DRFXTRADING)
Nov 05 2015 at 12:44
169 posts
OBEYING THE HOLDING PERIOD RULES FOR TRADES


There is nothing more frustrating than seeing a strong floating profit turn into a loss in a matter of minutes. This can be avoided by establishing and obeying a rule for how long you hold your trades before deciding to close them. Sticking to this rule will help to minimize the losses due to holding out for more Pips than the market is going to give us.

This recent trade on the GBP CAD which had to be closed at the end of my Holding Period for this type of trade shows how crucial this rule is to trading success, given the sharp reversal that took place right after exiting the trade.


Once you obey this rule, consistent gains will be a regular part of your trading.








Duane

DRFXSWINGTRADING

Trade Less, Earn More
DRFXTRADING (DRFXTRADING)
Nov 06 2015 at 22:34
169 posts
GBP USD - BEARISH BREAKOUT FROM PENNANT OR BULLISH REVERSAL?


Hey guys,

We have a scenario now on the GBP USD where the Support of its Pennant on the Daily Chart is now taking place. Based on the theory of Consolidations, it could either continue Bearish or reverse to take us back inside of the Pennant.






There are certain technical factors and signals that tell us which of these 2 scenarios will take place and once you know what these are, you`ll be able to trade them profitably every time. This helps to avoids situations such as:


1- Jumping into the market at the first sign of a break of the Pennant only to see the market reverse sharply back inside.


2 - Start trading when we see the market showing signs of heading back inside of the Pennant only to see it U-Turn sharply to continue the breakout.


Both cause losses on a regular basis for traders, but they can be minimized once we know what those factors are that predict which situation will be the correct one.



Duane

DRFXTRADING[

Trade Less, Earn More
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