Simple High Win Rate High Probability Plan for Swing Trading Forex

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immy
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Simple High Win Rate High Probability Plan for Swing Trading Forex

Unread post by immy »

Simple High Win Rate High Probability Plan for Swing Trading Forex

I won't ramble much. If you're into it you will get it. IF not, comment below. 

Here is a Plan for H1

WATCH 30 Markets
Check D1, Find the ones that are CLEARLY trending. (using the Moving Averages, all pointing up or down, no levels to hte left)
Check H1 charts of those markets and BLINDLY take any Banana Signal. 

E.g. This is my favourite trade of the day. 

https://www.screencast.com/t/SxXzn9GyGUX
Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Posts: 9654
Joined: 22 Nov 2010, 16:46
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Re: Simple High Win Rate High Probability Plan for Swing Trading Forex

Unread post by immy »

These are my 30 Markets

I turn all of them to D1 first. 
and it takes 30 seconds to 1 min to go through them all (all thanks to CTR-Tab which I have programmed into my mouse). 

I take note of the ones that are trending. Switch those to H1. 

Wait for Setups. 

ps: I do look at EU GU UJ on h1 regardless of their daily trend. 

https://www.screencast.com/t/UqYSR52jpVA

Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Joined: 22 Nov 2010, 16:46
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Example 1 - USDCAD D1 is choppy

Unread post by immy »

This D1 chart is NOT what I want to see

https://www.screencast.com/t/hITStmWYh

Image

But will I miss some good setups sometimes? 
Yes, but doesn't matter. If you avoid choppy daily charts, you will increase your win rate. 

This is the same concept from m1/m5/H1 trading that I have done for 10 years.

https://www.screencast.com/t/Ax50EBrJJ
Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
User avatar
immy
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Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

FIND CHARTS in BREAKOUT PHASES on D1

Unread post by immy »

If you can find a chart within a Trend or Breakout Phase on D1. You will be dancing on H1. HUGE WINNERS 

https://www.screencast.com/t/58CjZVxqc
Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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