That's it for me today. I'll be back to this thread tomorrow after I post the Line trade results in my journal http://www.forexfactory.com/showthread.php?t=321850. Looking forward to another trading day!

The Confession & The Secret

Aaaaah! Really? That's who I used to be before I became a Line Trader. Think. Line Trading is counter intuitive. Line Trading needs fuel in reserve. So, if the market has already "exhausted" its fuel on-board for the session, why is that ...

The Confession & The Secret

Tools? Nope. I am the Trader. I am the Swap Sequencer. I take full responsibility for the outcome, good, bad or indifferent. Now, would I like to automate this someday? Sure. A virtual money machine, no doubt. However, the problem comes in the Swap ...

The Confession & The Secret

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The Confession & The Secret

You don't have to use ATR, but you do have to know how much fuel on-board you have for the remainder of the trading session and what the probability for exhausting the tank is on that day. Else, you won't have a valid reason for entering the Swap ...

The Confession & The Secret

Every business model I know of has some kind of cost factor. Hard costs. Soft costs. Variable costs. etc. We all have to pay our fair share. There are no free lunches.

The Confession & The Secret

I have something similar, but for this purpose, it is practically the same. You have to look at the history of ATR for the time-frame you are interested. Any Directional trader would do that much. However, unlike the Directional trader, you are not ...

The Confession & The Secret

I'll post this again, because it is very instructional for the Line Trader. * The Box = The Swap Sequence * The Hand = Your 'next' Swap Trade * The Pain = Your Temporary Losses (the Draw Down phase) * The Reverend Mother = The temporarily Sideways ...

The Confession & The Secret

A Volatility Trigger can be anything you want it to be, as long as it contains: a) High probability for swing b) High probability for continued momentum (magnitude) There is nothing else needed other than a line on a chart and some attentiveness to ...

The Confession & The Secret

Do you see any V-Triggers now? image

The Confession & The Secret

a) I don't trade news unless I have specific information about direction and that information must be golden before I take a position. b) After I enter at the line, I initiate the Swap Sequence. c) During the Swap Sequence, I swap positions as often ...

The Confession & The Secret

Now. How many potential Volatility Triggers do you see on the chart I just posted?

The Confession & The Secret

Here's a jet route with a northerly heading. Notice the line drawn at the bottom, then the line drawn at the top. The bottom line was the entry and the top line was the target. As close to a knife through butter as you can get, with only a little ...

The Confession & The Secret

Why walk through mud, when you can glide through the air faster than a hot knife through butter? Looking for areas of resistance is also a great way to trade the line, but if you take that approach, then you have to also include Timing into your ...

The Confession & The Secret

True - there are many different support and resistance levels to pick from. The idea is to make sure that you pick a swing level that historically has some significant magnitude, so the momentum of the move is large enough cover your cost of doing ...

The Confession & The Secret

BTW - those of you who live in the GMT/London time zones have it easy. You get local hours, a normal trading day and plenty of ponies to pick from (EUR, GBP and CHF). You get the best volatility frequency of any time-zones on earth - you lucky sons ...

The Confession & The Secret

That's basically it - you genius you! LOL, isn't life grand when things are so simple. Of course, this is where having a good indication of high probability magnitude becomes essential - else - you get whipped up like some kind of dairy product ...

The Confession & The Secret

Well, if it isn't JR himself. You used to blast my threads over at MoTec many years ago, even when my Digital Dashboard trades (remember those) were spot on (7thSignal). Of course, it is all water under the bridge to me now. Seems like you've made ...

Cycle Trading

All summary performance tracking will be maintained on the first page of the thread for look-up convenience. All account screenshots will be posted separately, on the day the trades were closed (not executed). My Monday is done. Looking forward to ...

A Different Kind of Journal (EURUSD)

It is true. Stops are for Investors, not Active Traders. Active Traders are "actively trading the markets." That's our job. That's what we set aside time for each day. Trading is what we do for a living. Why would I want to sit in front of a ...

Real Fx traders do not use stoploss