DRFXTRADING's Posts - Page 4

Low time frame trading vs. High time frame trading. in Experienced Traders Dec 06, 2015 at 17:40

Higher Time Frames make you understand the larger picture of what is happening on the LTFs.Take the recent spike in the CHF JPY on Thursday.It may have seemed like a simple trend change with breaks of Downtrend Lines taking place on the 30 Minute Chart....http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_CHF_JPY_30_MINUTE_CHART.png....but examining the Daily Chart, you can see a Large Consolidation being formed ..http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_CHF_JPY_CONSOL_FORMATION.png...which is based on certain patterns of candles that generally lead to these Consolidations...http...

DEMO ACCOUNT vs LIVE ACCOUNT in New Traders Dec 06, 2015 at 14:24

Yep...DEMO is 99.9% the same as REAL once your system has worked and proven profitable..Charts are exactly the same, except for maybe spread etc. and other small issues that shouldnt affect profitability (assuming you arent in it to just make a few Pips & $$)But part of the problem with the transition is what most people believe is "success" or "profitability" on a demo account. A few days or weeks making a large % return of 50%, or even 100% might sound good and is often good enough for many persons to quickly jump into live only to fail and wonder why. The problem...

Swing Trading Analysis & Results in Experienced Traders Dec 04, 2015 at 11:56

For both Accurate Entries...http://www.myfxbook.com/files/DRFXTRADING/ADVERTISING__TYPES_OF_CONSOL_BREAK_SIGNALS_gE.pngand Accurate Exits...http://www.myfxbook.com/files/DRFXTRADING/ADVERTISING__END_OF_BREAKOUT_FIGURE_on.pngCandlestick Patterns and Signals are your best bet.With these tools, you can spot the end of a Breakout well ahead of trend reversals while maximizing on your gains. This avoids the dilemma of watching your trades and wondering when to exit based solely on how many Pips you want.DuaneDRFXSWINGTRADING

What Technical Indicators do you rely on before entering a trade? in Experienced Traders Dec 04, 2015 at 11:46

http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_47_PIP_EXIT_92.pnghttp://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_PULLBACK.pnghttp://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_CHF_JPY_RESULT_101_PIPS_jR.pnghttp://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_CHF_JPY_PULLBACK.pngCandlestick Signals are best...For both Accurate Entries...http://www.myfxbook.com/files/DRFXTRADING/ADVERTISING__TYPES_OF_CONSOL_BREAK_SIGNALS.pngAnd Exit Decisions...http://www.myfxbook.com/files/DRFXTRADING/ADVERTISING__END_OF_BREAKOUT_FIGURE.pngCandlesticks spot the end of the Trend......

Swing Trading Analysis & Results in Experienced Traders Dec 04, 2015 at 11:24

Hey guys,These reversals following ECB decision highlight accuracy of the Profit & Exit Strategies of this Methodology...http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_47_PIP_EXIT_92.pnghttp://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_PULLBACK.pnghttp://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_CHF_JPY_RESULT_101_PIPS_jR.pnghttp://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_CHF_JPY_PULLBACK.pngFor both Accurate Entries...http://www.myfxbook.com/files/DRFXTRADING/ADVERTISING__TYPES_OF_CONSOL_BREAK_SIGNALS_gE.pngand Accurate Exits...http://www.myfxbook.c...

Swing Trading Analysis & Results in Experienced Traders Nov 29, 2015 at 19:21

TRADE 5 - CHF JPY - SLOW BREAKOUT - STRATEGY 2This new trading strategy takes advantage of breakouts that would have otherwise have been ignored given the small nature of the candles that often lead to unexpected reversals. However, it has been now been realized that these can be very profitable once we are able to distinguish between those that lead to these reversals and those that successfully hit their targets.On November 21, this pair provided such an opportunity with a signal to indicate the resumption of the breakout that started back in October. The expected breakout was in keeping wi...

Swing Trading Analysis & Results in Experienced Traders Nov 29, 2015 at 19:01

TRADE 4 - EURO JPY CONSOLIDATION BREAKOUT STRATEGY 1On November 20, a strong signal was given on the Daily Chart to start a sharp breakout from the Pennant Setup.This was expected to provide sharp gains in favour of the Japanese Yen heading into December as the Euro continued to lose ground across the Forex. The initial break of Support was followed by a brief period of sideways movement that formed a small Pennant Setup. This was a way of "testing" the boundary before continuing the breakout with the bearish signal.http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_EURO_JPY_SETUP_...

Swing Trading Analysis & Results in Experienced Traders Nov 29, 2015 at 18:40

TRADE 3 - AUD USD - TRADING WITHIN CONSOLIDATION USING DAILY CHART SIGNALS In this trade on November 19, the Daily Chart had provided us with a strong bullish ABC Signal above the Support of the Pennant to start heading back to Resistance at 0,7310. Based on the characteristics of this setup, the Daily Chart was needed to give us the signal to trade instead of the 4 Hour Chart or entering at the Support boundary.http://www.myfxbook.com/files/DRFXTRADING/NOV_4_2015_AUD_USD_FXCM_CLEAN_SIGNAL.png(FXCM Charts are used to provide Chart Signals based on the New York Close of the Daily Candle)ABC sig...

Swing Trading Analysis & Results in Experienced Traders Nov 29, 2015 at 18:21

TRADE 2 - USD CHF CONSOLIDATION BREAKOUT - STRATEGY 1This trade attempted to take advantage of the breakout from a large Consolidation Pennant Setup on the Daily Chart on November 17.The breakout took place at the Resistance boundary and was expected to continue higher as the Uptrend became stronger. http://www.myfxbook.com/files/DRFXTRADING/NOV_3_2015__USD_CHF_SETUP__RESULT.pngHowever, the trade was exited for a small loss of 35 Pips when it was realized that an important target on the 4 Hour Chart was overlooked.The target for this trade was set to the Breakout Equivalent of the Range Setup...

Swing Trading Analysis & Results in Experienced Traders Nov 29, 2015 at 17:43

Hey all,November was the first month of testing additional Swing Trading Strategies that are the more aggressive versions of the current Methodology I now use/shown in this thread. Combined, the trades made provided a Return of 19% from just 5 trades with most coming from Consolidation Setups. All follow a certain set of rules based on the setup seen and were not random trades made.http://www.myfxbook.com/files/DRFXTRADING/ADVERTISING__19%25_DEMO_NOV_2015.pngThis was done on a Demo of the Dukascopy Platform. Once the results continue to be good, you will see these in a Live Account on a platfo...

Swing Trading Analysis & Results in Experienced Traders Nov 22, 2015 at 22:40

I couldnt agree with you more. Lots of con artists, one-hit wonders.I definitely see that there is a demand for something that works - especially something that doesnt involve Day Trading. As you can see, I put my Live Account that I had with FXCM to show that Day Trading does not work/or is at least very hard to be profitable.This is why I am thinking of opening another Live Account that can be tracked here to show how Swing Trading - and my approach - is the real deal.

Swing Trading Analysis & Results in Experienced Traders Nov 22, 2015 at 22:14

Hmm..not sure if you are complementing me and/or criticizing me.Yes I have a Live Account but I am "hiding" it...you got me..guilty.If you check the Discuss section of that Demo Account (Swing Trading 1), you will see these trades were done on my Live Account at Dukascopy -(see the top of the graph which says "Live")http://www.myfxbook.com/community/trading-systems/swing-trading-part-1/859880,2#?pt=2&p=1&ts=11&o=859880Ideally, it would have been great to show this Live performance here to "prove" that this System works but unfortunately, th...

Swing Trading Analysis & Results in Experienced Traders Nov 22, 2015 at 12:58

DETERMINING YOUR PIP TARGET PER TRADETake a Top - Down Approach.1. Determine how much Money you need to make from Trading to make it worth it. (ex. $1000 Monthly)2. Determine how much you are going to invest in a Real Account. ($1000)3. 1 and 2 will give you your expected Rate of Return per month - 100%4. Determine if you can/want to trade every day or a few days during the month - Day vs Swing Trading5. After choosing, determine how many times per month on average yu will trade. (ex. 10 times)6 . This then gives you the average dollar amount per trade you need to get to that $1000 per month -...

Swing Trading Analysis & Results in Experienced Traders Nov 21, 2015 at 22:38

DO YOU GET NERVOUS WHEN TRADING?If so, my advice is to ensure you have a Trading Plan Trade Sheet.I used to be nervous too especially trading smaller time frames. These move very quickly and the minute you enter a trade, there is a possibility to lose very quickly - not a nice feeling. You get a lot of unnecessary tension and nerves. This is one of the many reasons I and others switched to the larger time frames and Swing Trading.Nevertheless, whatever time frame you use..get a Trade Sheet that has rules and checklists to justify each trade. I found that whenever I traded without this, I would...

Low time frame trading vs. High time frame trading. in Experienced Traders Nov 18, 2015 at 10:48

My opinion in summary...http://www.myfxbook.com/files/DRFXTRADING/ADVERTISING__DAY_TRADING_ADV_DISADVN.pnghttp://www.myfxbook.com/files/DRFXTRADING/ADVERTISING__WEEKLY_TRADING_ADVN_DISA.pngIts a matter of which style gives you better results despite its disadvantages.By results I mean at least equal to your 9-5 salary each month or some other monetary benchmark. Success must be in dollar terms not just % (return, drawdown etc). After all, money is what you can take to the bank, supermarket, vacations etc--not fancy percentages.RegardsDuaneDRFXSWINGTRADING

Swing Trading Analysis & Results in Experienced Traders Nov 16, 2015 at 20:38

Hey everyone,This pair looks to have broken the Support of the large Pennant on its Daily Chart at 1,0815..http://www.myfxbook.com/files/DRFXTRADING/NOV_3__EURO_USD_PENNANT_SETUP.pngFrom here, it will either continue lower in favour of the USD or reverse to head back inside the Pennant.http://www.myfxbook.com/files/DRFXTRADING/NOV_3__EURO_USD_PENNANT_POSSIBLE_BREAKS.pnghttp://www.myfxbook.com/files/DRFXTRADING/NOV_3_EURO_USD__YUTUBE.pnghttps://www.youtube.com/watch?v=pJrpg-L42u8&feature=youtu.beUltimate direction is going to depend on the signal we get on the Daily Chart - either way, ...

EUR/USD in Experienced Traders Nov 16, 2015 at 20:37

Hey everyone,This pair looks to have broken the Support of the large Pennant on its Daily Chart at 1,0815..http://www.myfxbook.com/files/DRFXTRADING/NOV_3__EURO_USD_PENNANT_SETUP.pngFrom here, it will either continue lower in favour of the USD or reverse to head back inside the Pennant.http://www.myfxbook.com/files/DRFXTRADING/NOV_3__EURO_USD_PENNANT_POSSIBLE_BREAKS.pnghttp://www.myfxbook.com/files/DRFXTRADING/NOV_3_EURO_USD__YUTUBE.pnghttps://www.youtube.com/watch?v=pJrpg-L42u8&feature=youtu.beUltimate direction is going to depend on the signal we get on the Daily Chart - either way, ...

Low time frame trading vs. High time frame trading. in Experienced Traders Nov 16, 2015 at 09:39

OC_Trader...I couldnt agree with you more and I apologize for dragging this on with HolyGrail ...so this is my final response to him/her..HolyGrail..clearly English is not your first language..or if it is you clearly do not know how to read and understand...so this is my final attempt to explain myself...1. You arent even a paid student of mine, so why I must show you - a stranger - my Live Account? Is that a requirement of this thread? Have you shown us yours? Why havent you asked others to show theirs?2. The Demo System reflects the trades made on my LIVE account. Same Trades. Same Trades. ...

Low time frame trading vs. High time frame trading. in Experienced Traders Nov 15, 2015 at 14:11

Wow, it is amazing how strangers over the internet can make assumptions about someone based on a little information and consider it as factual..Holygrail,1. Clearly you and I have different definitions of what Price Action is and what "Patience" is.2. Who said anything about re-entering the same position after being Stopped Out? Not me..3. "You my friend may do better on swing trades because you lack the ability of reading price action" If as you said, I do better at Swing Trading than Day/Scalping Trading, then does it really matter whether I can read price action better t...

Low time frame trading vs. High time frame trading. in Experienced Traders Nov 14, 2015 at 18:11

1. These trades are from the system labelled Day Trading. It was part of my use of the Lower Time Frames which failed miserably. The trades that were held for days represented my first attempts at experimenting with Swing Trading along side Day Trading but for the most part, this system represented the use and failure of smaller time frame day trading.2. The System that shows the benefits of Swing Trading and patient trading is this one...https://www.myfxbook.com/members/DRFXTRADING/swing-trading-part-1/1079693http://www.myfxbook.com/files/DRFXTRADING/RETURN_DEMO_40%25_FXBOOK_TRADES__NO_DEMO.p...

EURUSD	1.13655	GBPUSD	1.33627	AUDUSD	0.63931
USDJPY	143.046	USDCAD	1.38344	USDCHF	0.82511

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