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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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  #301 (permalink)  
Old 02-27-2008, 08:44 PM
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I had a good eur/usd trade today, had i been looking at my time chart the stochastic wouldn't have told me the pair was oversold. The tick chart however was showing oversold levels on the pull back. Why the difference?
that indicator is calculated off the # of candles in some fashion IIRC, so i'm assuming the time chart would have more candles, thus the pullback would be divided up over a larger denominator, making the indicator appear not to be such a large pullback, whereas the tick chart probably had less candles and thus, the pullback showed up larger on the tick chart stochastics.
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  #302 (permalink)  
Old 03-01-2008, 11:52 AM
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ok im going over some of my losing trades and it seems had i indeed put my stops at the 100% level i would have eventually been in the black but this is only after a few days. So how long should i consider having these positions open in future? Do you still only target the 23% level ?
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Old 03-01-2008, 12:20 PM
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ok im going over some of my losing trades and it seems had i indeed put my stops at the 100% level i would have eventually been in the black but this is only after a few days. So how long should i consider having these positions open in future? Do you still only target the 23% level ?
Theres a reason why I say to put stops at the 100% level. There is a method to my madness! It makes you more money!

I keep the positions open until I get my target or I stop out. Binary outcomes. Time isn't important. I only target the 23.6% on Deep pullbacks, -10% on shallows.
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  #304 (permalink)  
Old 03-07-2008, 08:38 AM
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This is a deep pull back i took on monday. I just closed it today, i entered in at the 78.6 fib level then closed at the 23.6 fib level. I was nearly stopped out on wednesday due to the BoC surprise 50bp rate cut.
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  #305 (permalink)  
Old 03-07-2008, 08:45 AM
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Good job kagein.
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  #306 (permalink)  
Old 03-07-2008, 10:02 AM
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VERY nice trade Kagein. Your seeing the whole picture these days and you've made very impressive progress!!!
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Old 03-11-2008, 05:05 PM
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It gone all quite around here, should i assume everyone is trading successfully
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Old 03-11-2008, 05:12 PM
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Have you guys found anything to trade over the past 4-5 days? These huge moves just ran away, no pullbacks to enter on. I've been sitting on my hands here. I also am starting to trade the S&P500 e-mini again this week.

That, and i'm getting my ass handed to me on an AUDUSD short right now... I think I made a bad decision.
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Old 03-11-2008, 07:58 PM
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Yeah, I'm sitting on the sidelines too. Other than my little eur/usd trade that made me a little money today.
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Old 03-12-2008, 11:36 AM
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Yeah, not many retracements this week. i have placed no live trades so far. On the other other hand the s&r method im demo'ing is doing quite well.
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