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Show me the money! [Swing Trading] Need some swing trading ideas? Want to share your own swing trade ideas? If you're the next Jerry Maguire and think you can show us the money, then this thread is for you. Also, discover your Forex trading personality in the School of Pipsology.

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  #131 (permalink)  
Old 01-21-2008, 09:52 AM
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Oh wow I became an FX Men Honorary Member, how about that. Pretty cool!
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  #132 (permalink)  
Old 01-21-2008, 10:43 AM
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From the BabyPips.com Forum to you,

Congratulations! Keep up the fine work. Looks like we have another superhero on the team!

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  #133 (permalink)  
Old 01-21-2008, 12:11 PM
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Quote:
Originally Posted by kagein View Post
do you only look at 61% retracements?
That and 75/76.8% retracements.

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Originally Posted by tonymand View Post
Dale - I couldnt resist this. My 1000 post. Didnt have anything vital to say so just thought I'd say hello and see if I disappear!
Congrats Tony! You are without a doubt one of the pillars of this community! I couldn't be happier to have you in our little thread here!
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  #134 (permalink)  
Old 01-21-2008, 05:47 PM
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would you move your stop during the middle of a candle if it hits the 38% line or do you wait for another candle?
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  #135 (permalink)  
Old 01-21-2008, 06:19 PM
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Originally Posted by kagein View Post
would you move your stop during the middle of a candle if it hits the 38% line or do you wait for another candle?
in the middle... all I care about is that the 38% level is hit. As soon as that price level is hit, my stop gets moved.
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  #136 (permalink)  
Old 01-21-2008, 07:01 PM
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just been reading the whole thread again, theres a whole lot of info' i missed or skimmed. great thread, it is making me a better trader.

oh and congratulations on your 1000 post tony!!!!
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  #137 (permalink)  
Old 01-21-2008, 09:00 PM
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when you say you wait for a 61.8% test, do you mean it has to fall below the line again? im reviewing my logs and i would have made less loses
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  #138 (permalink)  
Old 01-22-2008, 06:56 AM
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my first trade of the day.....lets hope it works out

Update:

Took a bit of a hit today, closed the trade before my stop loss. i failed to view the calender for upcoming news events...big mistake.

-42pips for the day
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  #139 (permalink)  
Old 01-22-2008, 11:44 AM
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when you say you wait for a 61.8% test, do you mean it has to fall below the line again? im reviewing my logs and i would have made less loses
Yea, it needs to test that level and respect it (i.e. hold the line on a candle close). If it doesn't, you need to wait for it to reestablish below the line before entry is taken.

Looks like you got shaken out of the GBPJPY trade when the markets rattled this morning with the fed cut. Gotta be careful about those times...

I'm trying to trade a 38 tick (think 1 minute) chart this morning and see how it goes! Fast price action for sure!
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  #140 (permalink)  
Old 01-22-2008, 12:20 PM
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Yeah i did....a shame i messed up, it would have been a nice little trade.

Ok....how do you start your day?...do you delve right into your trading time frame or do you study the daily first. if you do, what would you do if the daily is in a downward trend but the hourly is in an upward trend.
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