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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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  #251 (permalink)  
Old 02-16-2008, 05:41 AM
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Quote:
Originally Posted by kagein View Post
I think most of the praise should go to daedalus for producing and updating such a concise thread on his methods.
Yes I agree totally with you. The 'score' for using the 78.6 retrace approach last week
EY, 3-1; GY 2-0; and UC 3-0
Since the return on a win is 1.7 R this gives an overall return of 12.6 for the week
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  #252 (permalink)  
Old 02-16-2008, 01:24 PM
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I also had a great week. Much thanks to this thread!

Hard to believe I was trading all this time without using fibs, and now I am more confident when I pull the trigger. Had a couple losses early in the week but gained them all back on Thurs. and Fri.

Thanks all for the great examples using and clarifying fibs.

Hope everyone has a great weekend!
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  #253 (permalink)  
Old 02-17-2008, 02:06 AM
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A pair has retraced back to the 76% line and starts to continue the trend. If you missed the first candle after the continuation of the trend would you still trade the pair?
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  #254 (permalink)  
Old 02-17-2008, 06:49 AM
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A pair has retraced back to the 76% line and starts to continue the trend. If you missed the first candle after the continuation of the trend would you still trade the pair?
Depends on your risk reward. If your stop was now going to be the extreme of the move rather than some point further out the R may still be acceptable in which case yes
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  #255 (permalink)  
Old 02-17-2008, 08:01 AM
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I'm newbie.. how to know where to draw the lines?? i know is should be drawn on peaks to lows... which peaks which lows?
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  #256 (permalink)  
Old 02-17-2008, 08:11 AM
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I'm newbie.. how to know where to draw the lines?? i know is should be drawn on peaks to lows... which peaks which lows?
This comes with experience. Depends on timeframe and what you define as a significant peak and which grid you think is in play. Follow price action for awhile on a pair you are interested in and get a feel for what is the best area. There is no shortcut around doing your own homework on this, same for any method. This is last weeks H1 EY with what I think were the significant peaks and troughs but others would differ in their interpretation. For me this gave 3 playable pullbacks for the week although the best trade was to get long early in the week and stay there
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Last edited by tonymand; 02-17-2008 at 08:23 AM.
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  #257 (permalink)  
Old 02-17-2008, 10:46 AM
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Hey Tony,

Have you heard of the risk calculator just for fibs? I ran across it the other day but forgot to save it to my favs. If I run across it again, I'll post it. Looked like a nice tool.

Have a good one!
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  #258 (permalink)  
Old 02-17-2008, 11:16 AM
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Originally Posted by Trade It View Post
Hey Tony,

Have you heard of the risk calculator just for fibs? I ran across it the other day but forgot to save it to my favs. If I run across it again, I'll post it. Looked like a nice tool.

Have a good one!
That sounds interesting, i'm trying to google it now
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  #259 (permalink)  
Old 02-17-2008, 06:36 PM
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Theres something like that at trade-4x.com
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  #260 (permalink)  
Old 02-18-2008, 10:42 AM
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I found it! Here it is.

Let me know what you think. I've only used it a couple times. So I'm not sure of the accuracy.
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