Aggressive Swing Trading

Hey pipdawkter, great to have you, yes larger time frames are the “holy grail”

GBP USD 138 PIPS TRADE

Hey all,

Latest trade took place on the GBP USD following that loss.

Daily Chart gave us another signal which was traded in sync with trading Rules & Strategy.

This is the chart setup…


…and the Video Analysis before the trade…

After a few days, market went to the target…


Overall since starting new strategies in November…


(Assuming a Leverage of 100:1, Risk of 10% Per Trade)

If you used a Risk of 5% per Trade for these trades…


KEY TECHNICAL FACTORS

1- Consolidation Breakouts

2- Daily Chart Entry Signals

3- Entry using 4 Hour Chart Setups

4- Breakout Equivalent (Targets for Consol. Breakouts)

5- Patience & Persistence after losses.

10% is pretty hefty. I am using 3% risk. And I prefer better R:R than what you are getting. But you can’t complain with 100% return in a couple months

Nice thread! As a huge fan of the swing trading I will be following with interest.

Thanks guys…yes 10% Risk is high, but I target the ones with the best opportunities that have the highest chance of success. Since most are correct, pays off. But, regardless of how much Risk% you use, will still be profitable.

This is the System that will now track the performance. The conservative version captured 40% in 7 months. This aggressive version expected to surpass that in half the time, targeting 100% in a few weeks/months.


The two trades made reflect the -90 Pip Loss and 138 Pip gain on the GBP USD.

Yesterday´s analysis of the NZD CHF.

Pull back now happening confirms it was right decision not go long based on just the 4H ABC Signal.


Very important to know which time frame is controlling the movements within Consolidations.

Highlights of other pairs analyzed yesterday…

GBP JPY - Large Bear Crown providing Consolidation Breakout Opportunity


AUD USD - Also Breaking out from Consolidation


Next trade may come from one of these 3.


Duane
DRFXTRADING

Thank you for your efforsts and where are you Duane?

Duane,
Thanks for the thread. Having trying day trading on small time frames, I am looking forward to “swing” trading.

Hey all, back with you.

Latest trade gave us a 149 Pip gain on the EURO USD as it headed to Support of Pennant on Daily Chart.

This was the overall setup as seen in this chart and the Video Analysis


Entry took place using the 4 Hour Chart, with the target set to just above the Support of the Daily Pennant.


After a few days, target was hit.



Overall, Return from these Strategies is now 25%


This trade continues to show how we can better results by focusing on the larger time frames. These offer larger movements and more reliable signals to take advantage of these trends.

Stop Losses should be placed at areas that will protect trades against temporary pullbacks before our targets are hit. Support and Resistance and Trend Lines - once strong enough - great places for Stop Losses.

MAIN TECHNICAL HIGHLIGHTS OF TRADE

[B]

  • Trading Within Consolidations

  • Using Strong Daily Candle Signals

  • Using Strong Stop Loss Areas on the 4 Hour Chart

  • Waiting Patiently Until Target is Hit

  • Strong Gains Possible with Swing Trading[/B]

Regards

Duane
DRFXSWINGTRADING

This EURO bad boy been in a Pennant for quite awhile…Daily Chart…


This explains most of the crazy moves that been happeniing over the last several months, like that on Thursday.

Even though it was set off by the ECB action, these setups often have these erratic moves as they move from Support to Resistance.

I was actually getting ready to trade this bullish, expecting one of 3 possible Signals…


Daily Signal formed after ECB decision was similar to the Candlestick Projected (CF) but muuuuch larger…definitely not tradeable…

Had it been, would have added to the 2 previous trades on this pair…



Sometimes these setups can lead to losses with these types of news and crazy moves etc.,

But sometimes when you catch them at the right time with the right setup…you can take your pound of flesh from them.

Duane
DRFXTRADING

Hey tuva…

My website? I can send it to you in a private message…not allowed to put here. (Forum Rules)

[B]
Duane
DRFXSWINGTRADING[/B]

Hey Little Doc…

Yup, Day Trading is tough…really tough

Swing is the best approach.

What Methodology you using now?

Trend on Daily Chart. Entry on 3 hour chart with the 30 min chart as refinement of the entry area. I also use RSI to id opportunities

I’ve been on and off demo trading for a while and trying to follow the school of pipsology. This week i came to conclusion i enjoy and I am better at following a similar method you show here. I will be following with great interest whilst starting my own journal in the forum.

You trading from a demo-account , selling trading courses !!! Done 6 demo trade ,and a expect NOT BAD

I hope you understand the difference between demo and live trading … is the same as compare paintball with really war.

You moneymanagment will kill you before or later

Totally agree with you

Hey all, back with you, sorry about the Long Break.

Update…total results for the 2016 period…


My Live Account at Dukascopy (that I´ve had since 2011) cant be tracked and independently verified, so this is why the Demo Account at FXCM was opened-to mirror the same trades I make on my Live Account. So I kinda have an idea about Demo vs Live.

However to provide more transparency, I´ve now opened a Live Account at FXPro that can be tracked.



So the expectation is that my strategies will continue to show why its a great way to make money Long-Term on this market.

RESULTS AND PROJECTIONS

Now as far as patient Swing Trading strategies go, results were good especially when you apply it over the long-run. However, it was a little below what I´ve come to expect from Strategy.

Middle of the year was a little difficult, but assuming better conditions, Im targeting 60% to 90% conservatively and 300% aggressively for this year. With just one trade so far giving me a 9%, great start.

Demo Vs Live

Ahh the popular debate. No real difference. It will feel different if you trade without a good, proven strategy on a Live Account and youre suddenly faced with the stress of dealing with real money without a solid strategy. It´ll feel like its moving 100 mph and brokers are stop-hunting you and all kinds of conspiracies…

After all, when the EURO USD drops by 100 Pips, it does so on both a Demo and Live. So once your strategy is able to capture 100 Pips on the Demo - once you continue to follow the rules- should be able to capture the same 100 Pips on a Live…right?

EURO AUD TRADE POSSIBILITY

This is another trade that Im looking at…


I get my signals from FXCM because it uses the best version of the New York Close Candle - crucial to Price Action Strategies like mine. But my Live trades are done at FxPro. (Better Platform, alerts etc.)

If I see a good setup and signal on the 4H Chart, will trade it short to Support.

Let me know if you gonna/would trade this

[B]Duane

DRFXSWINGTRADING
[/B]

Hey Shane,

Yeah, no offense to Baby Pips, but most of the knowledge is directed at Day Trading…so cant get much for Swing Trading.

Swing Trading, best option.

Hope you continue to follow despite my absence.

[B]Duane
[/B]

myfxbook link is missing, why?

Hey man,

I think babypips has a rule against postin the actual myfxbook link.

But you can just search for it when go there using the name of the system[B].

Duane[/B]