trade the future, not the past

5079   February 13, 2018 21:31   SwingFish   Traders Library Philosophy  

ever come across a chart like the one of USDJPY from today? [live stream from this day | Trade Log Here]

and your trades in this were only part of it or none at all?
(below the image shows the trades I have made myself on this move)

were you thinking like:

• WOW 132 Pips (1320 points)
• that would have been so much money i could have made
• such an easy trade, but why didn’t I take it?
• if i just held on longer that would be such a large gain

well bottom line is “YOU DIDN’T!!” and that is not a bad thing!

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Divergence/Currency Strength example: BoE Announcement

4977   February 10, 2018 18:46   SwingFish   Traders Library   EURGBP • GBPNZD

Here is a quick example of a Divergence driven Tradeset.

as explained in the post about “Divergence First”

the Bank of England Announcement

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Forex Broker, fast withdrawal ?

4782   February 2, 2018 17:44   SwingFish   Traders Library  

you sure have heard already of the drama that Brokers have issues with returning what is truthfully & lawfully yours?

well, this is not always the case. check this out:

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NFP December 2018 ~ USDJPY

3302   December 8, 2017 16:36   SwingFish   Traders Library   USDJPY

NFP (Non-Farm Payroll) Analysis.

• Previous value: 216K
• Consensus: 200K
• more details @ myfxbook.com

it’s 17:30 SGT (Singaporean Time)

• • first, we need to find the “movers” by picking the item with the largest differences in Currency Strenght.
  • they are very easy to spot on the chart below
  • top selected Candidates: Japanese Yen and British Pound

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Trade Bitcoin the Right Way

3106   December 3, 2017 02:59   AoFX   Traders Library you should know   BTCUSD

Trade Bitcoin the Right Way

To say recent history has been an emotional roller-coaster for Bitcoin would be an understatement!

The market opened 2017 at a price of $966.0 and wrapped up the year at $18,960, carving out a whopping 1861.51% gain.

2018, however, has not been so kind. Deteriorating from its 2017 peak just south of the $20,000 mark to lows of $5858.6, the unit wiped approximately 70% off its value, as of current price.

It’s widely thought Satoshi Nakamoto was a pseudonym used by the unknown person(s) who designed Bitcoin. Despite the anonymity, the unit has since evolved into the most capitalized and traded cryptocurrency in the world. Current numbers demonstrate a market cap of over $143 billion. As of writing, 17,290,900 million bitcoins are in circulation, against a presently capped limit of 21 million.

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you can make easy 500%

2259   November 3, 2017 02:01   SwingFish   Traders Library  

you can make easy 500% in profits …

and lose 100% of it in just the same time.

Do news results matter ? Divergence First, then Results!

1255   October 7, 2017 14:25   SwingFish   Traders Library you should know  

There is a large confusion about news results and trading them.

Having large orders ready to go seconds after news hit. Can be very profitable.

but never step in the trap that the news results do actually matter in this moment!!

There are a few things you should know and consider about news.

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Rollover & Swap – Brokers Bookkeeping

1169   October 5, 2017 05:26   SwingFish   Traders Library Casual Trader  

Futures & Forex trading in a 24/5 Market environment.

additionally, Forex is not traded through exchanges.

which means at some stage data have to be “synced up”, bookkeeping has to be done (accounting stuff) and so on.

that is called Rollover (more…)

know your Exit ! (or: never trade the Money)

714   September 21, 2017 14:22   SwingFish   Traders Library you should know  

Knowing where to exit is more important than knowing where to enter.

or in other words, Greed Kills ! as the market will tell you where it will likely to go, not your Profits/Losses!!

why? if you enter late, your position size will be smaller, because you will need a wider stop point (not really a big thing, just the reward is smaller, and the time the trade is “red” may be longer, nothing that can kill us, and in the end ist money being made.

but if you exit too late (or greed makes you stay in the trade),
especially in smaller timeframes, that can have Fatal results.

here is a typical Scenario in how to find an exit point.

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i gonna need a Bigger screen …

700   September 21, 2017 01:43   SwingFish   Traders Library   EURUSD

… for that one EURUSD Candle 😉

Hedging 101 (Trading without a StopLoss)

664   September 20, 2017 01:51   Sam S   Traders Library you should know  

Trading carries a huge risk for losses!
In fact, there is nobody in the world that trades who does not experience losses!
Our mission as traders is to limit the losses we incur so that we can protect our Equity.

As widely taught by educators, financial analysts, and other traders, the easiest way to protect ourselves from losses is to use a Stop-Loss order.

A stop-loss order will close your trade at a specific price set by you to limit the loss in case the trade becomes invalid.

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Hedging 101 (protecting profits or pause a trade)

640   September 19, 2017 17:51   Sam S   Traders Library you should know  

Hedging occurs when a transaction is entered to reduce exposure to a prior trade turning against you and eliminating profits or increasing losses. Hedging is done to decrease the risks and hold a position until the markets begin to move in the original trade’s favored direction.

Just like finding entries, it is even more important finding exits.

It is especially important in the case a Day-trade turns into a swing trade.

Swing trades usually carry much smaller size because the stop-levels are much wider.
Using the same size on a much wider stop would massively increase the risk of the trade.

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