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FAST 137 PIPS IN JUST 2 DAYS ON GBP CHF

DaddyPapi Posted 13 Set  in #Trader's blog #Pips #Support #Resistance #Swing Trading #GBP CHF #Consolidation Resistance #Abc Signals
TRADE RESULT
This trade took advantage of the ABC Signal at Support of the Pennant on the Daily Chart, to signal the start of the rally to Resistance. Once the Signal was identified as being strong enough, entry then took place on the 4 Hour Chart. After just a day and a half, the trade provided a gain of 137 Pips.
SWING TRADING STRATEGY
The result reflected the use of the Weekly Range Trading Strategy where I target the 100 to 200 Pip Moves of the market. This is done using Candlestick Signals …
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NZDJPY - the pair that should be taken into consideration by any trader

arjaq Posted 27 Ott  in #Japan #Trader Contest #Fundamental Analysis #Crosses #Advices #New Zealand #Swing Trading #Trade Ideas #Carry Trading #My Trades
1. What drives the pair?
One of the important fundamental factors driving the pair is safe haven versus yield search. We must remember though, that New Zealand is not a high risk country! This is why we can see NZDJPY going up sometimes in spite of JPY currency index going up too. Both countries are 'far' from the rest of the world and both are 'isolated' as they are 100% insular. Although initial reactions to events like Brexit make JPY or CHF appreciate against everything, after the fi…
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GBP CAD Shows Importance of Having a Holding Period Rule

DaddyPapi Posted 5 Nov  in #Trader's blog #Support #Consolidation #Swing Trading #Trading Rules #Sharp Reversals #Holding Period Rule #Trading Targets
One of the most common traps that we fall into as traders is that of holding out for more Pips than we should on a trade. This can provide us with additional Pips at times but in most cases, the market will reverse sharply to quickly erase our trading gains in the blink of an eye.
This is why it is important to incorporate a rule as to how long you are going to hold on to a trade before closing it, regardless of whether it has hit your original target.
The GBP CAD trade provided a great example …
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102 Pip Gain Trading Within Consolidation

DaddyPapi Posted 4 Nov  in #Trader's blog #Consolidation #Swing Trading #GBP CAD #4 Hour Chart #Resistance And Support
This trade took advantage of the movement within the Range Setup on the 4 Hour Chart of the 4 Hour Chart. Entry took place just below Resistance with the Stop Loss placed comfortably above it. Target of 160 Pips was initially set at Support, but I exited for a 102 Pip Gain instead as the market had not yet hit my target at the end of the established Holding Period.
These are the types of trades we can make until the market breakouts from the Consolidation at Support or Resistance.
One of the cha…
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102 Pip Gain Trading Within Consolidation

DaddyPapi Posted 4 Nov  in #Trader's blog #Consolidation #Swing Trading #GBP CAD #4 Hour Chart #Resistance And Support
This trade took advantage of the movement within the Range Setup on the 4 Hour Chart of the 4 Hour Chart. Entry took place just below Resistance with the Stop Loss placed comfortably above it. Target of 160 Pips was initially set at Support, but I exited for a 102 Pip Gain instead as the market had not yet hit my target at the end of the established Holding Period.
These are the types of trades we can make until the market breakouts from the Consolidation at Support or Resistance.
One of the cha…
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Swissie rallies for the eighth day

al_dcdemo Posted 26 Ott  in #Trader's blog #Support #Resistance #Rally #USD/CHF #Swing Trading #H1 Chart #Streak
After weak pullback in the first hours of the week, Swissie extended its rally and is set to post eight consecutive day of gains. To the delight of swing traders, these kind of multi day streaks are very frequent in major currency pairs recently.
The pair is currently trading a couple of pips below the September high (~0.9840). Break above would flush some stops and open door to the August high (~0.99), near the last big figure before parity (1.00). 0.98 may prove to be the first stronger suppor…
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Waiting for a Trade

Daytrader21 Posted 3 Ago  in #Trader's blog #Patience #Swing Trading
I'm still waiting for a trade as so far I don't see any swing trading opportunity. As expected we already got a slow start of the week and I have to exercise a lot of patience if I want to have any chances to get in the top rank. For now I'm going to focus on just the major currency pairs and even though they can yield less profits than some other crosses I think that in current environment they are more predictable comparing with the crosses, but at least that's how I see it.
Best Regards,
D…
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Establishing Gold & Silver Longs for a Swing Trade

Jignesh Updated 8 Lug  in #Trader's blog #Gold #Elliott Wave #Silver #XAU/USD #Metal #Swing Trading #XAG/USD

There is a technical setup in Gold I've been keeping a close eye on for the last few years. Monitoring the wave structure trying to catch a good level to go long.
According to the wave count in Gold, the bottom has already taken place on Nov 5th, 2014 @ 1130.
Since then the price has seen a bullish move and a deep retracement.
The charts below show the setup and wave counts.
Figure 1 - XAUUSD Daily holding it's trendline and key 88.6% Fib Level

Figure 2 - XAUUSD Daily Wave Count

Th…
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Easy Come, Easy Go

JonSnow Posted 21 Gen  in #Trader's blog #Swing Trading
I lost nearly 35% of the balance I made this month. I guess, days like today are for swing traders who are able to sit tight in front of their trading platform with a finger on a "trigger", ready to enter and exit trades at an instance on a second. As I watched in disbelief Euro dropping down, then skyrocketing to 1.1680 and going back down again I was wondering what kind of strategy can beat such high unpredictable currency volatility.
I've read somewhere that the best strategy for days like t…
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Swing Trading with Currency Strength Analytics

hyperscalper Posted 18 Ago  in #Forex #Currency Strength #Scalping #Swing Trading
We can see from the attached that the GBP Currency
is being deliberately moved from weakest on Friday
close, to Strongest, in preparation for News Events
planned for Tomorrow (Tuesday)
Frustrating to us, we Should Have bought GBP/CHF
on the Friday close, rather than to wait. They
"gapped" up the GBP/CHF sharply on the open
for this week, thus eliminating the gains we could
have made.
HyperScalper
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