Very discretionary trading — My initial stop is 1 ATR, so that my entry is about ½ ATR from the top or bottom of the swing and the stop is ½ ATR outside the swing. Take a look at post #18 and 19 in this thread and you can see 2 examples of ...

Identifying Market Swings - Medium and Long Term Trading

Excellent questions — Excellent questions, myfx. These are exactly the questions I wish I had the answers to when I first started. This can get a bit complicated, because it's very discretionary, so I will try to explain it using some ...

Identifying Market Swings - Medium and Long Term Trading

Has GBP hit bottom? — I'm beginning to see signs that GBP has hit bottom and is waiting for an event to trigger the upwards trend. There was almost no change in price on GBPUSD, after a worse than expected GDP yesterday and as well as terrible ...

Identifying Market Swings - Medium and Long Term Trading

Good Long Term set up — Hi Kingfisher, I don't trade the yearly time frame yet, but do trade on the monthly. Just give me some time and I'll soon be trading on the yearly! I find it quite funny that so many people on this forum dismiss long ...

Trading on Yearly Time Frame?

Patience, patience — I believe the AUDUSD correction needs to reach 0.87 or further before making the turn upward again. I'll be waiting for things to settle down after China's economic tightening. In the mean time, I'll continue to enjoy the ...

Strat's Long Term Stress Free Trading

Too early, I agree — Agreed, we're still seeing the fallout of China's economic tightening. I'm also anxious to go long on the JPY crosses and hang on for the long ride. However I believe that prices will need to fall a bit further before ...

Strat's Long Term Stress Free Trading

Great questions — Good questions! 1. how you measure risk aversion if any ? This is always done on a case by case basis. And this is where fundamentals and a study of history will help. You have to look at what has been driving risk ...

Identifying Market Swings - Medium and Long Term Trading

Maybe this will help — Hi dre, Try this website. They have plenty of tutorial videos and are geared towards the beginner. url

Identifying Market Swings - Medium and Long Term Trading

It's not that simple — Please see my reply to silverheat.

Identifying Market Swings - Medium and Long Term Trading

Well said! — Exactly! The AUDUSD has been the strongest performer of the major currencies. Here's a guideline I use when looking for downside "potential": The strongest performers will not drop a whole lot due to strong fundamentals, unless of ...

Identifying Market Swings - Medium and Long Term Trading

Patience, patience — Well, it looks like I'll have to wait a bit longer for the JPY crosses to turn. Over the long term (months to years) I am still bullish. In the medium term (weeks to months), there's quite a bit of risk aversion: 1. China ...

Identifying Market Swings - Medium and Long Term Trading

Yes, I agree. — Actually, I agree with you that medium term is weeks to months and long term is months to years. What I meant, was that long term in how I refer to MY way of trading is from weeks to years, hence it covers both the medium term ...

Identifying Market Swings - Medium and Long Term Trading

Interesting view .... I agree .... sort of — I don't see how the US economy can continue to grow while burdened by so much debt. If I owe tens of thousands of dollars then I am going to have to change something about my life (better job, start ...

Identifying Market Swings - Medium and Long Term Trading

Welcome — Hi Bluehills, Welcome to the thread. What do you mean by long term and what reasons do you have for the long term bias? Long Term to me means where you hold your positions from several weeks to several months, possibly even years. ...

Identifying Market Swings - Medium and Long Term Trading

Recent major developments — Here are some recent developments: 1. Bank of China has said that they will keep an "appropriately lose" monetary policy, while it is tightening credit. If this holds true, we could see a move towards risk appetite. ...

Identifying Market Swings - Medium and Long Term Trading

Recommendations — Hi Porkpie, If you already understand fundamentals, then you should start looking at news sites. If you don't understand fundamentals just yet, then learn it first before looking at news sites otherwise you'll have so much ...

Identifying Market Swings - Medium and Long Term Trading

My watchlist for the upcoming weeks — Gentlemen and ladies, Please allow me to rant a bit, I need to get my thoughts clarified and organized. This is my plan for getting in on the next major long term trend. We're now seeing the end of the 1st ...

Identifying Market Swings - Medium and Long Term Trading

We're on a learning curve...... — Hi myfx, Whenever you learn something new, there is always a learning curve. It took me awhile to first understand technical analysis, then to understand fundamental analysis and then to understand how to ...

Identifying Market Swings - Medium and Long Term Trading

You're making progress ..... — Hi Peter, You're definitely making progress, however you're trying to make predictions. A proper analysis doesn't make predictions, a proper analysis makes anticipations. There's a difference. You missed several ...

Identifying Market Swings - Medium and Long Term Trading

Trading like George Soros — Hi guys, I'm sure everybody on this forum knows who George Soros is, but does anybody really understand how he trades? BTW, in case you've been in a coma for the last 2 decades and don't know about George Soros, I ...

Identifying Market Swings - Medium and Long Term Trading