Nice entry cause I didn't wait for confirmation! Nice easy trade there though.
Well done on +32
5244 next target me thinks.
Yep, Isn't it lovely when a plan comes together,
Good start to our plan to include short term FTSE play's.
Nice entry cause I didn't wait for confirmation! Nice easy trade there though.
Well done on +32
5244 next target me thinks.
FTSE ?
Welcome back to the dark side lads :cheesy:
Short FTSE 5260
Out @ 5252 + 8
Got to go out, + 40 today...Happy with that..See thee next wk.
Well done. Have a good WK
Hey Mas, how's it going?
Yeah, I know... I had good intentions to swing trade, but find myself getting drawn back into the indices and FX. At this rate I'll be back to trading FX everyday
Well, actually I have to get a job... so ignore that last bit.
Hey Mas, Lol, Gotta do something to fill the time in.
Might get my collar felt on this last trade.
Geo - was interested in your 4hr bias change set up. I've looked at the link on your signature, but wonder if there is info anywhere else about how you trade it? (other than pouring through Wallstreet's unbelievably long thread)
As long as the 4H trend remains short, we can look to sell the rallies at plus 50% fib levels of previous swings. Or key levels of S/R.
Yesterdays trade is shown on the chart. The previous swing in this case was the high and low of the 19th. We sold aorund the 50% level. 5300 was a potential SBR area too.
There is more to this strategy tbh, but you can get the rough idea i hope. I can send you a link for the guy who devloped this stuff if you're interested.
aah, fascinating mr. geofract. that makes much more sense.
as i didn't understand that the point was to trade the retracements after the bias change, i used to struggle with the concept.
I sort of wish I could trade FX full time, because this fib retracement, 4h direction strategy thing works so well. I would look to trade less pairs if I did this again though. I used to trade 11 pairs, which was nuts