Swing trading question?
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  1. #1
    Wayne29 is offline Newbie
    Join Date
    Jan 2015
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    6

    Default Swing trading question?

    I use 4hr and daily charts.

    I use support and resistance, Fibonacci, my own trend lines and most importantly price action. I generally only trade with the overall trend, pullbacks and around key levels. I use 2 Ema's on the daily chart for trend.

    Is there anything else I could use to filter bad trades?
    Or will I just get better in time with more time studying the markets?

    I'm not a massive fan of indicators but I would never say no to something that helped or worked.

    Thanks

  2. #2
    harrick007 is offline Newbie
    Join Date
    Dec 2014
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    I feel you. Im in a similar position as you. I think the next level is understanding that we need to let time do the work for us. I will practice demo for 6 months, if I do good I will open a real account.

  3. #3
    stefcio2002 is offline Newbie
    Join Date
    Jul 2011
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    54
    Quote Originally Posted by Wayne29 View Post
    I use 4hr and daily charts.

    I use support and resistance, Fibonacci, my own trend lines and most importantly price action. I generally only trade with the overall trend, pullbacks and around key levels. I use 2 Ema's on the daily chart for trend.

    Is there anything else I could use to filter bad trades?
    Or will I just get better in time with more time studying the markets?

    I'm not a massive fan of indicators but I would never say no to something that helped or worked.

    Thanks
    It depends what you call "bad trades". Loosing trades always occur, the only thing you may do is to try and cut your loosing position quickly. But any system will give you loosing trades.

    My advice would be to concentrate on how you manage your trades when there are opened and not allow the pips to go away.

  4. #4
    Wayne29 is offline Newbie
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    Jan 2015
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    Cheers for posts, advice taken on board.

  5. #5
    ontario is offline Junior Member
    Join Date
    Jun 2014
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    126
    Quote Originally Posted by stefcio2002 View Post
    It depends what you call "bad trades". Loosing trades always occur, the only thing you may do is to try and cut your loosing position quickly. But any system will give you loosing trades.

    My advice would be to concentrate on how you manage your trades when there are opened and not allow the pips to go away.
    good call. literally means, any successful trader are one who get use with the market, found it tune resulted from daily managed trading plan execution.

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