Trap the Market
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Thread: Trap the Market

  1. #1
    Do trade swing? Do you trade on greater or 4-hourly time period and maintain trade positions? For trading success, trap, stalk and you will have to monitor the market. The purpose of this thread is to share thoughts, expertise, egies and approaches that help trap or beat the market in brief to medium-term swing trading, including trading on HTFs and holding positions more than 4 hours if the TP target or market state necessitates it.

    To specify, watch, await, and trap the market is that the heart of short term swing trading. From the context of swing trading, beating or trapping the market involves:
    1. Clearly defining the substantial zones or boundaries and conditions where price action will be to bring in desired trade results;
    2. Carefully reading and viewing the market;
    3. Patiently waiting for the ideal time and for many signals to align or drop in place; and
    4. Striking if the chance to beat the market presents itself.
    You will not get it right 100 percent of the time however, you will have always very good trading results to create you a more successful trader overall. In another post I will address several elements of the aforementioned four factors how I currently see them.

    I trade mostly off the daily and 4-hour charts and my system is based on trading their own turning points or zones mainly in terms of S/R and pivots using 10 and 20 EMAs, and RSI. I will present my approach and egy to trapping the market as a swing trader and I will also talk about ideas, expertise and commerce charts.

    I do not plan to use this thread to focus on instructing any specific trading system or egy, why I didn't open it under 'Trading Systems' section. Nevertheless, I do not want to get involved with debating the definitions or merits/demerits of swing trading. I see myself as a short term swing trader, holding over 60 percent of my trading positions more than 12 hours when my TP target or the market state requires it and trading off turning points over the daily and weekly TFs. I inviteforexforum.co.zamembers that do swing trading of whatever hue - like trading on HTFs and holding positions more than 4 hours once the TP target or market state needs it, to share the egies, approaches, rules, and techniques they practice or understand work for them in achieving successful trading results. The posts may cover aspects of the four factors itemized above or other facets regarding their trading styles, systems, expertise, methods, rules, egies, etc..

    This thread isn't about scalping. I began Forex trading in 2011 for a scalper and within my four years as a scalper I didn't do well, blowing off at least three accounts in the procedure. But I have nothing against fellow traders that are scalpers and that are doing well with their egies; just the focus of this thread, and my current trading style which seems to match my personality, is swing trading and trading on HTFs such as 4-hours and greater - with such HTFs for transaction management and commerce set-ups but maybe not chasing the market; and holding commerce positions for more than 4 hours if the market state or TP degree requires it. This does not mean dropping down to a lower TF, e.g. 1-hour/30-minute, to fine tune trade entry will probably be out of place. But intraday trading will not fall under this egory.

    As for principles. . .No trolls, no scamming, no foul language. Simply talk about your knowledge, expertise, transactions, principles methods with respect and humility and prevent language that is violent or insulting. If you subscribe toforexforum.co.zaassociates' ethics you would be regarded as a valuable contributor. This thread isn't appropriate for the Forex 'professionals' or 'experts' who believe they understand it all and believe they are always right, and that aren't ready, willing and ready to learn (especially from people they view as 'newbies') or tolerate contrary viewpoints, analyses, egies or approaches.

    When you article charts, videos or other attachments, then please add a brief explanation/ summary of what it is you're attempting to convey; basically describe any attachment or procedure a little. Please, do not ask for my TE the results I get from my trading are purely personal ; and since I am not here to prove or sell anything and I want to keep it.

    For me personally, the primary aim of membership inforexforum.co.zais to find out and share thoughts and expertise for greater trading results. I'm a student, and I want to keep sharing and learning. Share it here if you are certain about what works in swing trading in the context of it is seen by this thread. In case you have expertise of any swing trading system, rule, approach, method, or egy that does not work for you, equally share it. Thus, let's focus on which helps us or beat the market. Let us collaborate to create our market-trapping or market-beating experiences count for trading results that are always successful. Thanking you all in advance to do exactly what theforexforum.co.zacommunity is largely all about: sharing and learning.

    KP

  2. #2
    If you are monitoring USDJPY, notice that the order flow context still favours further southward move. But, there may be a retracement to the 50/61.8 Fib zone (112. 88 - 113.16) prior to this. I might be incorrect. Trade secure and prosper.

    KP

  3. #3
    Quote Originally Posted by ;
    quote It's coming 1.3750 so quickly. How much more is the bullish move? I have opened so many short positions and losing seriously
    Hi mate! A standpoint is provided by me based on my swing trading system. Bulls were preferred so were I to trade, I would look for a buy trading chance in some level. I had mapped an area from, I am just waiting for price to enter the zone. Trade safe and prosper.KP

  4. #4
    you might consider this technical outlook if you're monitoring cable this week.

    The pair was in a consolidating mode since November 2016. Between November 2016 and March 2017 price action consolidated between 1.19890 and 1.26650. It then transferred up for another phase of consolidation involving 1.26650 and 1.30720.

    On the daily time period, price action is working distally in a clear ascending channel and the order flow circumstance is strongly in favor of buyers. The technicals are in sync to get northward move. A possible target for such a move is the 1.32840 area, which is the source of a major drop for the selling that began in September 2016.

    On the H4 time frame, recent price action is parabolic in nature and is vulnerable to retracement to a area of value. A possible area to watch will be the 30/61.8 Fib zone of the latest swing high. This is shown in the khaki colored rectangle, between 1.29143 and 1.30196.

    I may be incorrect. Trade secure and prosper.

    KP




  5. #5
    Would you like to trade GBPNZD this week? Here.

    At the H4 time frame, price action because mid-May produced one descending price wave and then went right into a consolidation and including pattern for much of late May and early June, apparently in spite of the British election. This was followed by a strong bearish fall last week Thursday (British election shockwave), in a place (around 1.79075) that had functioned as a strong demand zone on April 18, 2017. We ought to expect price action to retest this zone in the forthcoming days. The most recent price action on the time frame that is H4 proved to be a bullish move which may be a corrective one because price action has moved too far in the mean value.

    I may be wrong. Trade secure and prosper.

    KP


  6. #6
    In building a profitable trading edge, does it matter which type of trade order you use? Which order type do you favor- market implementation, cease order or limit order?

  7. #7
    I'm awaiting trade the pair within that zone after it gives me a setup on the H4 time frame (my setup time frame).

    KP

    Quote Originally Posted by ;
    Let us look at what is happening to GBPUSD right now. It is basically in a bearish mood but it's retracing atm to put in a turning zone around the D1 time frame imho. Watch the D1 chart attached for a turning zone jump in 'deepblue' horizontal lines. It is clearer on the attached H1 chart. I may be wrong. Trade safe ad prosper. KP picture image quote

  8. #8
    Trading could be made by preparation. All you need is to be disciplined in executing what you came up with during your preparation. Put the secret is prep and disciplined execution.

  9. #9
    Nuggets:

    'Do not focus on making money, focus on protecting what you have.' - Paul Tudor Jones, a market magician

  10. #10
    All of FX majors and GBP crosses are currently analyzing the gap created. So 'mind you that the difference'; observe the major market outlook before you commit to positions. Trade safe.

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