FOREX – Information Sharing Among Contemporaries

Short-Term Swing Trading

 

 

Looking for trading partners to help conduct research and analyses for six months.  This situation would be ideal for those who work and cannot do their own research but can provide feedback on the back to basics approach. If interested please send your e-mail address to: Gude1800-carljohnson@yahoo.com

 

Date:  19 June 2011

U.S. - Central Standard - Time: 10:44:21 AM

 

SET-UPS

 

Sunday Through Wednesday

 

Direction

Pair

Entry

Exit

Stop

Trailing Stop

 

 

 

 

 

 

No Trades

No Trades

No Trades

No Trades

No Trades

No Trades

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How to Attach Trailing Stops to Positions

 

If your pair has only four places behind the decimal point, you want a 15-pip trailing-stop attached to your trade.  However, if your pair has five places behind the decimal point, you need a 150 pip trailing-stop attached to your trade.  There will be a “X” in the trailing stop box if I recommend a trailing stop, but you can always decide on your own whether you want to attach a trailing stop or not.

 

Types of Accounts for This Shared Information

 

Always test this information in a demo account for about a month, and then trade in a live micro account.  Also, do not act on this information if it is more than 1 hour old because outdated information can prove to be disastrous.

 

Trade Set Up

 

Set an expiration time and date for 23 hours from the trade set-up. 

 

Ideally we like our activated trades to wrap within 24, but unfortunately in recent months this is not the case because the momentum is much slower.

 

Days That I Do Not Trade

 

I do not trade on the Friday of non-farm payroll.  In addition I do not trade the four business days before non-farm payroll.  I take a holiday and organize my research.

 

If you notice, I do not trade any Fridays in an attempt to avoid weekend trades.  My first trade of the week is Sunday evening and my last trade of the week is Wednesday evening.  Again, that is my holiday to distress from trading.

 

Hybrid Trader

 

I’m what many categorize as a hybrid trader.  I use both technical and fundamental disciplines.  So my trades are based upon mathematical calculations but also on geopolitical events.

 

Feedback:

 

Send feedback to gude1800-carljohnson@yahoo.com

 

CLJ