#swing trading

[jessjr9]

[candacethomas728]

Forex Infography about “The Difference Between Swing Trading & Day Trading” made by The Forex Secret

[dayprotraders]

Tips For Fibonacci Extensions Learn more.

[triangle2828]

How To Trade A Complex Oversold Stochastic Like A Pro

Know what you do when the stochastic oscillator is oversold on one time frame but overbought on another.  

That is a complex oversold stochastic.  For example, the stochastic indicator is oversold on the five-minute chart but overbought on the fifteen-minute chart. Learn how to trade the complex oversold stochastic like a pro. Get started. 

Watch, rate and share this video tutorial today. Subscribe to our channel: https://www.YouTube.com/user/georgetrio This video: https://youtu.be/HjrgfZYb8ns Follow us: https://twitter.com/georgetrio Facebook:   goo.gl/B5HLQP

[jessjr9]

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Having a 🍑y day!

[24forextrader-blog]

Australian Dollar Trader Shares His FX Trading Analysis In 2017 Know how to polish your Forex and Australian-U.S. Dollar (AUDUSD) trading method and avoid common FX technical analysis mistakes. Learn more.

[patientflips]

$POT - 8.2.2017 entry analysis

Setup: Botomming base Flip

Or maybe not... In order we all being able to learn from my mistakes, I will definitely be posting my bad trades as well. Even though I believe in learning from our best trades (how we can imitate and execute them again), we must learn from our bad trades too (what NOT to do next time).

That “or maybe not” at the beginning is there because it’s probably not a proper bottoming base Flip. In the hindsight I see, price has never broke out of the consolidation. That’s because the resistance is a bit higher around 19. And those two breakouts are just failed breakouts, forming a double top.

Not only that, but I also didn’t follow my rule of price breaking the weekly upper band to show the strength of the trend. Even though I don’t need violation of the WEEKLY upper band when entering at the Bottoming base Flip, I still need it on the DAILY. Yes, it happend, but it wasn’t nothing major. Looking at the chart more and more, I don’t see any strength, just a continuous sideways action. Also, daily EMA20 flat for a couple of weeks already and the weekly is rising by just a little.

This trade may have worked or it may have not. The more price fluctuated around my entry level, the less I liked it. Therefore, I was trailing my SL quite aggressively, getting hit at -0.5R at the end. I’m satisfied with the outcome. I took a very small loss which I paid for a new lesson in my personal strategy development course :-) That’s how you should observe your losses too. Take screenshots, learn and write about them. It really helps a lot!

Lessons reiterated and learned

1. In order to be continuation of a pullback more probable, there needs to be strength during the trend first. 2. Always be cautious of these double tops before my entry. 3. When trading Bottoming base Flip, be aware of all the levels because most of the time, it’s not that clear on the first sight which level is the major one.

And now a screenshot of where the resistance of the bottoming base might be drawn, and where it probably really is.

(Right click the image and select “Open image in new tab”)

These levels can make a HUGE difference in your trading. I’m still learning but constantly drawing them on wrong places can cost you a lot of money.