The 5 Swing Trader Tips I Learned The Hard Way (Forex Market)
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- Опубликовано: 3 апр 2020
- In this Bangkok Forex trading vlog, I share with you my top 5 tips to make money as a swing trader in any market condition. Vlog #536
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Video Summary:
1) Look at the charts 3-4 times a day
2) Look at the turning points in the market
3) Systems vs predictions
4) Find out when things don't work well
5) Stop losses rules for better mindset & results
// SOCIAL
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Facebook: / desiretotrade
Twitter: @desiretotrade
IG: @etiennecrete
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Trading Journal: desiretotrade.com/journal
// MUSIC
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// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Развлечения
I’m learning that a journal is almost invaluable to ensure you continue moving forward as a profitable trader.
It surely is 💯
100% correct ever since I started journaling each trade I took and review them at the end of the week to see what I can improve because no matter the skill there’s always room for improvements
Forget the journal. Screen record is best . You need to compare the before trade signal to the same signal a day after the trade.
Robert Brawley yes I screen shot my charts on TradingView with labels on why I entered the trade, then wether I lose or win I label the aftermath of the market therefore I see how many times my plan worked against the odds
@@tehokowhitu00 ok good the reason I brought it up is that after the bars are constructed and as the hours progress the past bars or Closing opening ,high and low will change. The past bars will change from say 6am to 10: 30 am or in another case over the weekend . What was printed and lock in on May 31 wasnt like it appeared on June 3ed ( last year )
Words of wisdom. I already follow all these.
Awesome! You're getting there 💪📈
Thx bro stay safe and take care of yourself
And those around u'
Will surely do..take care too!
Thanks E good info.
Awesome video Etienne, Keep it up bro
Thank you! Will certainly do
Blessings from Puebla, Mexico.
Thanks Etienne for sharing your great experience. I wish you good luck and CU Soon.
Thank you Reddy! Much appreciated
Congratulations on 30k my friend😷🍻
Thanks man! So sad it can't be celebrated in Bangkok haha
Unless I'm targeting a very small move, I almost always use dynamic risk so that I can scale out of a trade. I also place an alert at TP1 when I'm targeting bigger moves, so that if it looks like price is turning I can close 1 more position and let my runner continue. 3 positions that all equal 0.5-1% loss if I close out completely and I aim for a RRR of 1:3
Thanks for the tips.
Always my pleasure!
So far I have concerned in the forex market for more than three years, your advice is honest, not just selling video. Thank you, keep it up.
I'm glad you appreciate those tips! Let me know if I can help!
@@DesireToTRADE Thank you for quick reply. We all passing difficult time , but it is also an opportunity for learning and st
I can't express enough how important it is to stay comfortable with what's making you money. Huge problem I had last year where I would be making money with a stock I'm good at trading, then I would try a different one I wasn't familiar with and would shred all the profits I made with the stock that was originally working for me. STICK TO WHAT WORKS!
That's right!
Hi Etienne, I actually use your advice on taking 2 trades. 1st trade for 1:1 and breakeven and 2nd trade for 3:1. It did change the mindset big time and winning more often those 1:1 is great. Thanks.
Super happy to hear that, Stephane! Keep it up!
One of my biggest break throughs came from letting a trade manager ea manage my position based on my rules. No longer would I panic and close out early or let a loss run. Once a position is entered the ea does the rest. The result is either a win or lose. No stress.
That sounds like a good idea
The beakeven works better for me. Awesome video
Good one! Thank you
What I struggle with is I close the trades too early; I have a TP in place but I always close just before a big retest/pullback. It then pulls back then continues going the way I predict to what would of hit my TP. I think I do this because I don't want to be too greedy and I feel like that money is getting taken away from me and I may not get it back. I make money but if I leave it for the full journey, despite going through a big pull back then I would have made double what I originally did. Any tips for this? Thanks
Nice tip with this MM and take 1/2 RR or 1/3 RR.I search for my self what is the best RR for my strategy.I use myfxbook wher i see often i got 1/1 or 1/2 RR but very rare 1/3 or 1/4RR.
Perhaps your strategy produces smaller moves and that's okay too!
@@DesireToTRADE Sure mayby this is like this.We cant get all i mean we can't get high R/R ratio and win ratio right?
Usually no
@@DesireToTRADE You've now caught my curiosity so maybe you can expand your speech.Or maybe you have recorded a movie on this topic or will record?
🌻
Is FTMO a scam??
No I would not say that. Many of my students are trading with them.
@@DesireToTRADE do you have a video on how to place a trade on MT4??