What Every New & Or Aspiring Forex Trader... Still Wants To Know

[galldg]

QUOTE=Paul Monson;341893]Traders, I want to receive an answer on my question. What is the difference between scalping and swinging? Sorry, for my ignorance. I've read articles about swinging, as far as I understand it is also a day-trading. What's the main difference?[/QUOTE]

think you might be in the wrong forum if you're looking for info on "swinging"

[nitsuj]

So my trade today
EUR/USD Short @ 1.3140
Reasoning:
Just under an OTE
divergence to the GBP/USD
LO, Judus pop above the Asian Range

[nitsuj]

Ran up and took me out.
20 pip stop to small? Went up to 3170 on my feed so 30 wouldn't have helped
or did I just get this all wrong?

Did anyone else see this as a possible trade? If not, why not.
Any help would be welcome!

[nitsuj]

Traders, I want to receive an answer on my question. What is the difference between scalping and swinging? Sorry, for my ignorance. I've read articles about swinging, as far as I understand it is also a day-trading. What's the main difference?

As I understand it (and this could be wrong):
Scalping: looking for 20-30 pip moves, usually in and out of the market within a few minutes or hour (Scalping | Which Type of Trader Are You? | Learn Forex Trading)
Day Trading: All trades are opened and closed within 1 day, usually within 1 session - can get moves of 100 pips or more (Day Trading | Which Type of Trader Are You? | Learn Forex Trading)
Swing Trading: For the most part these are the large moves you see when looking at the daily charts. Often lasting for weeks and moving 1000's of pips.(Swing Trading | Which Type of Trader Are You? | Learn Forex Trading)
Swinging: Something couples do with other couples.(no info in the babypips school!?)

[Alishijo]

So, two questions:

For Michael --- Do the times shown above match what you intended in your videos?

For the rest of you guys --- Do the times that you use in your particular time zone correspond to the times shown above? And, if not, how did you choose the times that you are using?

(I guess that's three questions.)

After we get these times resolved, I'll post that updated table of ICT Kill Zones, which was requested.

I am now using the times that you state above, but I would also like clarification on the issue of whether ICT uses GMT and EST year round. I have my Asian Range starting at 00:00 GMT and finishing at 5:00 GMT, my NY 'start of day' exactly at the end of Asian Range at 05:00 GMT, and my NY Pivots also starting at 05:00 GMT.

[rwhen19]

Nitsuj I saw the same setup unfold and got short in GBP/USD at 1.5900. Obviously I was wrong. However, I dont know why it went the other way. If anyone could explain that would be awesome.

[JS88]

Hi everyone.

I also took a similar trade and was stopped out 4 pips below the high. I think that the move higher than yesterday's high was quite predictable as SM raided stops. So the entrance should have been 10-15 pips higher from yesterday's NY session high.

P.S. Still struggling with my positive results consistency and my fight for that is far from over yet I guess!!! I think I should go over those videos once again :s...

Ran up and took me out.
20 pip stop to small? Went up to 3170 on my feed so 30 wouldn't have helped
or did I just get this all wrong?

Did anyone else see this as a possible trade? If not, why not.
Any help would be welcome!

[JS88]

Also entered GU at 1.59 and stopped out. That Assian Session retracement didn't look like a bull flag to me before I had entered. Now it looks more clear and due to ICT projection GU has already reached it levels after breaching the bull flag range. There was also news factor for such GU move (CPI data).
I hope I'm right in my opinion.

[galldg]

Also took a similar trade on Fiber and got stopped put by a few pips. I was looking for an OTE at LO but there is a higher time frame OTE from the high on 12th April and low on 15th. Sweet spot short was around 3150. Also noticed a reflection pattern on the 15 min chart that more or less nailed the HOD (so far at least!). I find it very difficult to anticipate the reflection patterns in particular. Roll on LO tommorrow.

Hi everyone.

I also took a similar trade and was stopped out 4 pips below the high. I think that the move higher than yesterday's high was quite predictable as SM raided stops. So the entrance should have been 10-15 pips higher from yesterday's NY session high.

P.S. Still struggling with my positive results consistency and my fight for that is far from over yet I guess!!! I think I should go over those videos once again :s...

[CryAgony]

34 pips profit at moment on cable, moved SL to BE and locked up 30% of position

let's see where it goes in next 1 hour, then i'll close it