Ammeo

I am a swing trader and i use the just the basics (20/50/200 DMA (no crossovers, only bounces ) RSI 14 and S/R levels on the daily charts only. I also keep an eye for the upcoming news events on the underlined asset along with Global Macro..i trade stocks and commodities and it works well....

It seems to be getting up from its undervalued position in the past few weeks.. Many Analysts are now recommending a near term value of 32.0 on it.. YTD data is Bullish too. Earnings growth (last year) -25.65% Earnings growth (this year) +2.73% Earnings growth (next 5 years) +10.00% Revenue growth (last year) +5.37% P/E ratio 14.8 Price/Sales 3.49 Price/Book 3.48

My stats are not specific to a day or week bt this is generally how they are according to the settings i use.. Win% :40%-60% , RR: 1.6-2.0 , Drawdown : not more than 5% .

I'll go with diversification for i'll be giving me even lower risk on a single trade/contract...Risk reduction is the main priority for me, increasing the amount gained from winners comes later.....

(3,10,16) ,the best MACD setup i have found after having tried atleast half a dozen setups...you just need to w8 1 day after the MACD crossover to realize if the reversal or swing is actual or not.....works on the daily charts and very good for doing swings...

I myself am a Forex trader and wanted to do forex full time until i recently came with the observation that i cant rely full time on forex to have a healthy living and also to have a sense of security...now im doing a day job which isnt highly paid bt its giving me secured returns.. Why do u guyzz who have traded forex before or currently doing think?

TBH i personally believe forex trading is a false delusion for the under achievers .. Im doing forex trading aswell and u know why? because im an under achiever myself... i also came into forex trading thinking i'll make huge amounts of money but that is not the case in reality...if i had a high paid job with bright future prospects, i would not have tried trading forex....imo its better to have a highly paid day job than doing full time forex. bt there are people who do it as part time which is ok as long as one has a fixed high income source... Thats just my observation, anyone can have his own and that could contradict mine...

I dont know much what platforms the indian brokers are proving but u can get some very nice platforms from the US equities brokers like Tradestation or Das Pro ..

8 EMA crossing 21 EMA has worked out for some swing raders that i know out...try it out urself in a SIM for a month and judge urself if this works out for u according to your trading style and risks ..U'll know it urself without even asking anyone..

Making more money than a well paid job like that of a Doctor or an MBA should be the theme of full time trading ..If u cant do that then you are left behind in the race. But if you are doing a not so well paid job like a babysitter,nurse or a mechanic and make more than twice the amount from trading than what you make from a low paid job then you are on the right track...

You are saying the same point as im doing ..to get to the rich list one has to get out of the retail world. Retail traders are never going to be on the rich list just like a retail shopkeeper never becomes a super rich stores tycoon owner....one has to get out of this retail bubble to get to the next level.....

To trade the Warren Buffet Way u need to have big money to invest which most of us dont have. But i will agree that Position trading is the least risky among others cause this is the only trading style which needs thorough research thus minimizing the risk.......

Have you given up trading?

With my experience in the stock market , its the BIO STOCKS that make more gaps more than any other industry....

My Strategy is somewhat different bt less risky (atleast for me).. It involves trading with 2 accounts . One is a Current account (Marginless and only for going long) , the other is the Margin account for only going short.. I go long only with my marginless account and put a sell limit order on the stocks (no matter how much time it takes to trigger the sell limit since there is going to be no margin call) while i short highly inflated stocks in my margin account and give them a buy-limit order (bt in this case i do have a stop-loss as there could be a margin call ).. I trade a bundle of stocks on both sides which kinda makes it a little bit of a hedging (though not much) and works well....

I trade forex with big stops and it sure is much more relaxing or less emotional (whatever) .. Making pennies in the market is not fun to me atleast...

Wow.. i didnt know that ...

Not only MA is the leader but MA is enough (alongwith S/R levels) ...RSI,Stochastics or MACD may be the other options to put onto charts but imo they are not needed either as they are some form of moving averages themselves...

1 more thing for me (especially for forex traders) , Always put the money in forex or be it any other asset that u dont need ..first try to keep aside some extra money from ur income . once it reaches a level that can be invested then go for it..i had put all the money i had in my first forex account and all that money got dumped with a month with some losses..next few months were the struggle to keep up with the daily and monthly expenses....

Since when did smoking started to bother.. Also, if it really affects your sleep then take a break for a while . i have gone through the same time when i had blown up my first account, then took a break and came back to it with better mental strength ....TBH blowing a small account can be helpful sometimes cause u get to know how the accounts gets blown up .. ...Now its much more better for me...

I use it but only with my GF..

i just go simple with my technical analysis in forex. i use S/R levels combined with the 50 and 200 DMA and thats it, nothing more. I swing the trades and check out if there are any big news events coming for my traded instrument in the next 2-4 days (my normal holding time)..

The biggest difference indeed.

I trade forex and shares...i put more emphasis on the technicals and go swing so every chart looks to me as the same..i just have to apply my technicals for a good swing and need to know if there is any big news event coming for that instrument in the upcoming 3-4 days (my holding time)....

i'd like to know the performance of your EA's for the next 3 months ..i personally dont trust in them though.. i read a report on Bloomberg today which stated the USD is forecasted to go high. The S&P 500 made its 5 years high last week and is now on course towards its all time high (1565 zone) ...To me the near future of USD seems bright. im not a guru of the market bt this is what i think..