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19/66
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Introduction
With so many indicators and forms of analysis, taking trades may seem overwhelming – there’s always conflicting information and varying viewpoints. But there is a simple trading strategy.
Break every trade down into four parts, and only focus on one part at a time. Here are the four steps that form the anatomy of every trade. Keep your focus on these for simple trading.
1. The Setup:

This setup is what’s needed for a trade to potentially occur. There are thousands of trade setups, ideally you should only trade one or two if you want to keep your trading simple. Assume for a moment you use Bollinger Bands Breakout. You buy or sell when the candle break the upper or lower band and close above or below the band (this is not an endorsement of this method, just an example).
Figure 1. AUD/USD Daily Bollinger Bands Strategy
When the candle in the middle of Bollinger Bands, there is no possible trade setup. You do nothing. When the candle break the bands and close you now have a potential trade setup you’ll want to watch for.
Having a setup lets you know when you should be trading and when you shouldn’t. No setup, no trading. If a setup is forming, proceed to next step.
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Uladzimir avatar

интересно

GammaBurst avatar

Great work! Thank you!

Amaya avatar
Amaya 14 Apr.

очень поучительная статья

Kivetat avatar
Kivetat 19 Apr.

Well done))))

nhamfx16 avatar
nhamfx16 24 Apr.

Good job

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6/22
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Since my core trading strategy is a swing trading style in this article I will attempt to outline some trading rules that help me catch the big waves. But before going further we need to define what swing trading is all about and what kind of traders usually employ swing trading strategy.
  • What is Swing Trading?
Swing trading is a style of trading in which positions are held for longer than a single day, between 3 days and 3 weeks, and which attempts to catch the big movements in the market. There are many types of traders who uses swing trading from retail traders to institutional traders(prop traders, small-medium Hedge Funds, CTA). Above all you have to find by yourself if swing trading really suits your personality otherwise it may not work for you as not everyone can endure the risk and the ups and downs of a swing wave. Holding a position overnight can be an stress factor for many traders.
  • What is the right market for Swing Trading?
This is probably the most important question you would have to ask yourself before even starting to submit a trade. Swing trading is all about having the right trading environment and proper conditions otherwise you may end up with po…
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VictoriaVika avatar

Daytrader21 Good and informative article about Swing Trading, useful advices were given, Thank you for sharing some your trading knowledge, friend :)

Likerty avatar
Likerty 11 Nov.

swing tradigng service?:))

Mani avatar
Mani 12 Nov.

Very interesting +1

Jignesh avatar
Jignesh 19 Nov.

Good article, and good example.  EURAUD is like a swing trader's dream.  I found the opposite to be true of the cons you describe though.  Meaning I think swing trading is less mentally demanding and time consuming than scalping.  When I scalped I was in front of the screen 14 hours/day.. swing trading, I have gotten away with 1 hour/day in the past.  Good point about knowing which market you are in.  Must be the biggest challenge for a new swing trader taking profits too soon/late.

Daytrader21 avatar

Jignesh You bring in some valid points. The reason why I'm saying it's very mentally demanding is because a move doesn't develop straight away, but it moves in waves and during those retracement your trading decision will be put at test, and if you're not emotionally stable this can lead to taking the wrong decision.

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17/47
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International financial markets, be it of currencies, commodities or stocks, provide investors the access to most liquid market on the planet. Thanks to the advent of cloud computing, buoyed by syndicated efforts of all market players to popularize it further and to catapult it into the trillions dollar worth arena. Given the inherited charming associated with the market, tally of fascinated participants in the marketplace augments day-after-day from all the continents as it work round-the-clock (24X5) to satiate investors’ appetite for investing. Is the market really there to satisfy the needs of all involved? Honestly enough, it’s not. There are a lot of reasons to warrant it. Available statistics shows that around 95% of investors losing their money in the market and other 5%, the professionally seasoned segment becoming rich or ultra rich, may be gradually but surely steadily. I know it may sounds like an irony for many, But it is an undisputable fact and understandably, hard to digest. While looking at this shocking statistics, I feel it is better to explore the differentiating factors of distinctiveness of the said seasoned traders and what does make aforesaid 95% of invest…
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piter44 avatar
piter44 22 July

In my opinion pretty nice work but little boring and to long. Do not offend please, I started with similar articles :)

Try little shorter and obviously it needs some pictiures, read recommendations:
http://www.dukascopy.com/fxcomm/fx-article-contest/?action=recommendations

Also You can read my articles, for this one I heard many warm words
http://www.dukascopy.com/fxcomm/fx-article-contest/?Trading-Divergences&action=read&id=1463

and 2nd which is little boring but it is my story so I'm gonna write it to the end :)

Wish You all the best!
Piter

Ola avatar
Ola 23 July

to long :)

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11/51
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Hi Friends, I am going to share with you one of the simplest trading strategies you could ever come across. This is based on the idea “KISS- Keep It Simple Stupid”. It doesn’t involve any fancy or complicated indicators nor does it involve any complex methodologies. After reading this you might wonder why it didn’t occur to you or if this really works. I assure you that if you follow this strategy exactly as explained here and also adhere to few basic rules and instructions, you will never have a losing week or a month (there could be few losing days once in a while). So if you are ready for it, here it goes- Indicators- Simple moving average 200 (for direction) Simple moving average 10 (for entry) Time frame- Any. Works on 5 min, hourly and daily charts. Day traders could use 5 min charts, Swing traders can use hourly charts and long term investor can use daily charts. Item- It can be used for any currency pair, commodity, Indices or stocks. Long Entry- When the price candle closes or is already above 200 day MA, then wait for price correction until price drops to 10 day MA, then when the candle closes above 10 day MA on the upside, the enter the trade. Stop loss would be when…
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eddies888 avatar
eddies888 28 June

I am also having issues understanding the exit strategy,any chance of explaining a bit better ...thanks

scrimpycoot avatar

im having trouble understanding entry. If im looking to short, and its below the 200 MA and closes what am i looking for a rise to the 10 day? 10 day is below the 200 day MA so do i just wait for the close below 10 day if its below the 200? or?? can you please explain! thanks.

Muha avatar
Muha 29 Nov.

this is gold stradegy xz thank you so much

marksisco avatar
marksisco 26 Jan.

When using the 5-minute chart, how many trades per day do you need to enter to realize your projected 2-3 profitable trades per week?  Same question for the 1-hour chart; How many trades to get to 2-3 profitable trades per month?

marksisco avatar
marksisco 26 Jan.

Mr. Sudink:  How many trades per day do you need to enter on the 5 minute chart to reach your projected 2-3 profitable trades per week?

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29/43
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Introduction One of the most ‘unexplained’ trading-related things, is about how to read price behavior. It’s not about price action or supply-demand rules or anything else. It’s just what the two words mean: how price behaves when approaches a rejection area. This is actually really not easy to explain and already I did a step with my previous article, but there were some important information missing, so I decided to dedicate this topic the importance it deserves.Definition of ‘ rejection area’ When studying a chart, it’s better to read price action in slowest timeframes such as weekly or monthly because when a reaction is notable in a large view, will be far easier to understand what is happening in faster timeframes (such as hourly). As result, we are looking into a price area, not a single line. In this example, the rejection area is about 180pips large, because every time price reached that area (1), was rejected and came back down into lower levels (200p so far) within one or two weeks. Later price finally was able to breakout (2) with full candle closing higher, and the following one going even higher. Everything happened exactly opposite than last previous reaction (3). P…
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SpecialFX avatar
SpecialFX 31 Dec.

I'm surprised by the lack of comments on this article... If traders get the theory of support/resistance right they are on their way to become successful! Awesome looking charts by the way, very professional :)

scramble avatar
scramble 31 Dec.

yes the point is just because so many times i found people aiming for the perfect reversal pip for a multi-years move. truth is different: once found a support/resistance area, must be patient and read what happens in price. i realized this only few time ago, hopefully will be the beginning of a great trading experience! tks for the comment :)

positive avatar
positive 5 Jan.

The point is well narrated. I tell people " breaking is not important , but sustaining the break is ". If you look at major rejection areas either upside or down side, in case of reversals there will be a consolidation with multiple rejection bars from the rejection area. Wheras in case of breakout of rejection area the breaking candle has enough leagth, short or no wicks and also the breaking bar closes well above/below rejection area. I have also put some rules to know whether the price is rejected or broken at the rejection area. good efforts.keep up

Nicco avatar
Nicco 5 Jan.

Dear SpecialFX, the explanation for the lack of comments on this article (and on the others..) maybe the New Year and the deep work of DC to trade...About this article you're right: nothing more important in trading as PRICE od PRICE BEHAVIOR as the author is writing! In despite one uses fundamental analisys, technical analisys, candlestick theory or...moon phases, the ultimate confirmation of an order must be PRICE! Confirmation, reconfirmation or no confirmation at all...In despite of any analisys supports, resistances and trendlines (!) PRICE BEHAVIOUR is essential.....

scramble avatar
scramble 6 Jan.

truth is that i don't take the time to spam here n there about the new article publication so to get 20-30 "good article +1" :)
so, thanks for comments to everyone :)

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25/94
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“A losing trade is not necessarily a bad trade. A bad trade is when you did not follow your Trading Plan”. Accept your mistake, learn from it, and move on. The big enemy is always between our ears. Follow your trading plan with patience and discipline, have proper risk management and the money will come to you. When I started, out I lost about 15-20k because all I wanted was more money. I was dreaming to get a luxury car, new house etc. but I did not have a proper trading plan, did not follow risk management nor had patience or discipline to wait for the right trade. Now I just want what the market wants and take the trades, as I see them. The key is to keep it simple and consistent and not jumping to 100 different ways to trade after few losses. Invest your time and effort to acquire basic trading knowledge first. Success will not happen overnight it requires knowledge, practice, dedication and experience. Remember it’s a marathon not a sprint. If you don’t have a Trade Plan, you will lose If you have a Trade Plan, but you don’t follow it, you will lose If your ego is more powerful than your common sense, you will lose (Common sense is not so common) If you…
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Livornese avatar
Livornese 13 Sep.

Good article and good quotes! Always nice reading these kind of articles! Thumb up!

Henrix avatar
Henrix 19 Sep.

interesting article+1

acp888 avatar
acp888 20 Sep.

nice article!! support you +1

doctortyby avatar
doctortyby 25 Sep.

I wonder what successful trading means to you my friend?!... for me.. it is financial freedom... and further... what does financial freedom mean to you?... +1 and trade well ;)

mbawa avatar
mbawa 27 Sep.

Nicely written and humourous, +1

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60/94
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   The Fifth €l€ment   CHI-The price: As we all know the price discount all informations.Think about the power of a computer chip understanding only 0 & 1.You can read and understand  0 1 2 3 4 5 6 7 8 9 , correct ?Endless power and possibility you have ...!    KA-The Volume: To avoid trading charts looking like a plat of spaguetti, One MUST find a good indicator.The Volume is really the second purest information afther price behavior.They are many types of software around VSA types etc ....; i urge you to look at the latest data feed of volume.In the good al days of voice broker when you where at your desk you could listen to the market...hear the trend !The Last price is not = to bid or ask !You need to know if last = payed or given ! not same thing !Now seems we can get volume data of ask and bid Not equal to volume or ticks volume ! Its a MUST have.here example of different type of volume data 1 = Bid/Ask (Ask for up, Bid for Down) 2 = Uptick/DownTick Volume 3 = Bid/Ask Number of Trades 4 = Ask/Bid Difference Max 5 = Ask/Bid Difference Min 6 = Bid vs Ask (see notes below) 7 = Total Volume     FU-Time frame or Range bar They are lots of advice all around some of the…
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ritesh avatar
ritesh 6 Sep.

Nice article buddy, keep more coming +1

ante777 avatar
ante777 9 Sep.

Very good article. Good luck.

doctortyby avatar

Good Luck Friend!

Roger123 avatar
Roger123 9 Sep.

Well done, its a very good article. Good luck

doctortyby avatar
doctortyby 25 Sep.

I love Science Fiction movies and stories. +1 for this article, trade well

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14/73
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You probably heard about this too many times before but what I want to achieve is explain simply why these well-known emotions will destroy you as a trader, trying to expose practically how you and most of traders would react to these situations. The vices I’m referring to are: fear, greed, anger and guilt.  But first and foremost I have to make some assumptions about successful traders.A successful trader must have a system for trading and follow it.A successful trader makes reports of his performance and takes decisions based on the final results.A successful trader accepts the idea of future losses of any good system, and manages trading like a business.These assumptions were made in order to explain, what the following barriers will make to your trading. I know we can mention a lot of good qualities for a successful trader but I certainly believe these are the most important aspects of trading and I think you’ll be agreed with me.So, the qualities have been identified, let’s start with the vices. We will discuss four, two of them are created by your amygdala or “lizard brain” that’s because you barely control these primitive reactions inherited from our animal ancestors. It is …
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Tinktank avatar
Tinktank 24 Aug.

Nice

ritesh avatar
ritesh 26 Aug.

perfect and very important +1

futures avatar
futures 29 Aug.

Nice really nice, good luck

LinnuxFX avatar
LinnuxFX 30 Aug.

You are right, we need to controle them, good article ... +1 :)

adask avatar
adask 31 Aug.

I believe that this article one the best if not the best in a whole contest. Well, it is worth being in one of three first places. Good luck.

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