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day trade or swing trade what do u prefer ????
Anggota Sejak Oct 27, 2012
35 pos
Oct 24, 2014 at 14:55
Anggota Sejak Dec 28, 2013
171 pos
I'm trying to trade M5, H1 and D and occasionally even W. I guess this attempt qualifies me being a swing trader. Trading false breakouts with a trailing stop loss gives the impressions of a day trader. But still, my trading is still forming. Timing seems to be derived from M5 and direction from H1 an D.
Anggota Sejak Jun 09, 2014
138 pos
Oct 29, 2014 at 11:31
Anggota Sejak Feb 18, 2014
86 pos
I prefer swing trading. Not that I would argue day trading is bad. It's just that my skills and available trading tools are much better suited to be able to make a profit out of swing trades. Some comments seem to imply day trading is more risky. Not sure I have the same opinion. In my book, as long as a trade is open you are at risk. Swing trades are open longer so this is more risky then day trading. I accept this by compensating this with less transaction costs, and higher average profit per trade.
forex_trader_210809
Anggota Sejak Oct 06, 2014
43 pos
Oct 30, 2014 at 07:59
Anggota Sejak Oct 06, 2014
43 pos
I have been having success this week day trading. Using FXCM Strong/Weak app, I find the most trending currency on the daily time frame and look to day trade within the trend. I use my Delta analysis to confirm possible price movement for the next few days.
forex_trader_212033
Anggota Sejak Oct 14, 2014
61 pos
Oct 30, 2014 at 08:29
Anggota Sejak Oct 14, 2014
61 pos
@growthera how many trades do u take per month and whats ur ROI per month ??
Anggota Sejak Oct 29, 2014
1 pos
Oct 30, 2014 at 13:18
Anggota Sejak Feb 18, 2014
86 pos
I take about 15 trades/month. I don't measure ROI monthly. The shortest timeframe I use to evaluate my systems is a rolling 3 months. With 15 trades/month there are just not enough trades in 1 month to draw any performance conclusion. I you want to see my statisctics, just click on my profile, as I am sharing my account here on myfxbook.
forex_trader_204192
Anggota Sejak Aug 19, 2014
23 pos
Oct 31, 2014 at 15:17
Anggota Sejak Aug 19, 2014
23 pos
Day trade is nice, but swing trade for weeks / months IMO is the path to richness. I can hold position for weeks and months. I see many people often hold losses so the equity growth line (yellow line) is below the equity line (red line). But seldom do I see people let the winners run.
I don't mind holding my winners and cut my losers quickly. You can see that in my account's graph.
I don't mind holding my winners and cut my losers quickly. You can see that in my account's graph.
Nov 04, 2014 at 10:45
Anggota Sejak Feb 18, 2014
86 pos
Hendra, about the holding positions for months.. Although I tend to agree on the principle, I don't do it because over time swaps just keep eating too much of the potential profit. Do you have special account conditions where this is not an issue for you? I tried to have a look at your account to understand how you do it, but a part from the graph, everything is hidden so I was not able to learn from that. Any chance sharing the trade history? I understand people don't share their account details, however I don't see the harm in sharing a trading history. Any comment would be appreciated. Oh and... congrats on your performance. Tks.
forex_trader_204192
Anggota Sejak Aug 19, 2014
23 pos
Nov 04, 2014 at 11:52
Anggota Sejak Aug 19, 2014
23 pos
growthera posted:
Hendra, about the holding positions for months.. Although I tend to agree on the principle, I don't do it because over time swaps just keep eating too much of the potential profit. Do you have special account conditions where this is not an issue for you? I tried to have a look at your account to understand how you do it, but a part from the graph, everything is hidden so I was not able to learn from that. Any chance sharing the trade history? I understand people don't share their account details, however I don't see the harm in sharing a trading history. Any comment would be appreciated. Oh and... congrats on your performance. Tks.
Hi growthera, my account is interest free. I paid more spread in each trade for the privilege of interest free account. I neither get any positive nor negative carry. Some brokers allow you to do that if you tell them you want interest free account.
forex_trader_204192
Anggota Sejak Aug 19, 2014
23 pos
Nov 05, 2014 at 11:06
Anggota Sejak Aug 19, 2014
23 pos
@xdj3richo: I follow 16 pairs because I use market correlation technique, also important to pick the best pair to trade using strongest to weakest currency analysis.
Major pairs: EUR/USD, USD/CHF, GBP/USD, AUD/USD, NZD/USD, USD/CAD.
Yen pairs: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, NZD/JPY.
Crosses: EUR/GBP, GBP/CHF, EUR/AUD, GBP/AUD, GBP/NZD, AUD/NZD.
Also traded indices and commodities.
Major pairs: EUR/USD, USD/CHF, GBP/USD, AUD/USD, NZD/USD, USD/CAD.
Yen pairs: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, NZD/JPY.
Crosses: EUR/GBP, GBP/CHF, EUR/AUD, GBP/AUD, GBP/NZD, AUD/NZD.
Also traded indices and commodities.
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