Is it possible to gain double digit monthly wins by swing trading? Let's say 10-15 percent by average.
Time frame in question would be daily chart. I would use stochastic oscillator (5,3,3) in unison with Bollinger bands without median. Maybe mixing it with 50 D SMA on top.Buy from lower band and sell from upper band. How I currently understand is that it is highly unlikely to get such figures. More realistic would be 5% per month. Risk is insane. Volatility is insane.
However, I would like to hear opposite views too. Any suggestions for improving this approach?
Time frame in question would be daily chart. I would use stochastic oscillator (5,3,3) in unison with Bollinger bands without median. Maybe mixing it with 50 D SMA on top.Buy from lower band and sell from upper band. How I currently understand is that it is highly unlikely to get such figures. More realistic would be 5% per month. Risk is insane. Volatility is insane.
However, I would like to hear opposite views too. Any suggestions for improving this approach?
Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.
Apr 07 2019 at 05:51
Pin bar is meaningless on it's own. It needs to be combined with support and resistance or other important factors. Just looking at 1 candle stick and determining a trade is not correct
Strategy will be profitable if the maximum is already owned , for me it is always to try to learn as possible in a demo account to hone knowledge and trading skill to become better and better able to understand forex working properly also profitable.
If you are swing trading then it is important to do proper risk management on demo account. Swing trading uses large stop losses and unless you are using correct Lot size then you could get margin call very quickly with a couple of trades open
Once you tried, sure u will be bored in trading. But, in term of pips gain, sure u will be the winner. I tried and i really enjoyed.
Eurmas
I have an idea of using Bollinger Bands as S&R levels. As said buy from the vicinity of the lower band and sell from the higher. Use a stochastic oscillator as confirmation. Maybe use one lower chart for time frame for refining the entries & exits. 50 SMA for confirming that the trade is not totally against the main trend.
Maybe patterns can be used as an extra means for validating the trade, but isn't it almost the same as the pin bar technique?
I need something, which doesn't require me sitting in front of the computer all the time.
Maybe patterns can be used as an extra means for validating the trade, but isn't it almost the same as the pin bar technique?
I need something, which doesn't require me sitting in front of the computer all the time.
Imamul posted:
Strategy will be profitable if the maximum is already owned , for me it is always to try to learn as possible in a demo account to hone knowledge and trading skill to become better and better able to understand forex working properly also profitable.
Do you mean that the trade should be opened with maximum position size (i.e trade lot size) straight away, initially, such that adding later to the position is no longer possible?
Yijun posted:
If you are swing trading then it is important to do proper risk management on demo account. Swing trading uses large stop losses and unless you are using correct Lot size then you could get margin call very quickly with a couple of trades open
I am planning of scaling down for a cent account.
