Forex Trading Strategy: Learn Swing Trading 1000+ pips (2018)

Hello everybody today I will tell you the Saturday how to manage your Forex trade or futures or stocks or any other trade okay that involves price action trading okay to maximize your profits our returns before I start I get what is the most common mistake that you ever made in your veneer trading when you are creating when you are on the desk what is the most common mistake that you made most of the times I get the email saying you know what Ali I am I have taken the best trade in the world, but you know it stopped me and, then it went higher and it moved like hundred and two hundred pips, so what is the wrong thing that you are doing how I am managing my swing Forex trade that I can assure you, so today I have I have a great example on euro dollar the most important things when trading forex market is that you have to be a disciplined trader it’s all about the trade management you can trick the best trade in the world as said and you can just choke it okay and you can just take the world’s trade and, then you manage it, so beautifully keeping risk to the world in your mind okay in your favor and, then get out with the with the profit okay, so today I have a nice example on your USD it’s again a Forex pair let me zoom out a little bit first let’s switch to weekly chart on euro dollar this okay I took this trade on 14th of July right here okay right here is my entry and the chart you are watching in front of in your in front of your screens is a weekly chart, so I’ve been holding this trade for and about its new year its 2018 and, now we have almost let’s say nine and a half months into the trade I am holding the trade definitely I will share my steps, but one by one what start see I use for swing trades to maximize my profits, because forex trading is such a beautiful thing that, if you are a discipline trader okay, if you are a disciplined trader market will pay you the market will pay you huge all you have to do is keep your nerves okay and be disciplined trader, now the question arises okay that how to be a disciplined trader alright how to be how to manage it for it for like how to wait for nine months it’s almost we can call it a year, now after two three months it will this trade will be an ear trader and I’m still holding I realize still hold, if the market is dropping yes of course yeah does this drop panics me of course not I have seen a group of like five hundred and twenty let’s suppose five hundred pips, so how about this drug this drop is just four hundred and fifty pips, so what have happened okay I saw a drop off what do you call it five hundred pips, but again I saw a gain of hundred pips a thousand bit sorry this time I’m watching a drop off I don’t know maybe it might drop more maybe 500 people Etsy the game okay, so I I might expect one more push to the upside okay maybe here and I might exit everything out here, so where to take your profits out where to take your stop-loss where to manage your mitt risk where to put your stop-loss maybe, if I will be way aggressive I will be stopped out here I will say you know this is 200-day moving average blah blah blah you know this is this has closed under the moving average okay, so I’m going to take a loss I’m going to take my position out it has already retraced more than 50 percent sorry about the color this color looks, so ugly okay sweet have already drift like 23.6% left back to zero, so should I take it out no I managed it I keep my nerves okay, so same thing you have to do first I will disclose why I took this trade on euro dollar okay and how I managed the same trade for to hold on to like ten months, so let’s get started huge sell-off on Europe, if it zoom out a shot a little bit we can see huge sell-off for almost a year okay huge sell-off and, then after this sell-off what happened the Euro started to move in a range how at this point of course we will never know, if this thing is going to be arranged no of course not, but yes when we will be able to know we will be only able to know, if this thing is range maybe here ok when we see that this price is rejecting the highs every single time they rejected the eyes here and where they’re going they’re trying to go lower at this point at this type of point we know this is a range you can draw anywhere we have a rising support from higher time frames maybe to monthly level okay, so we have we have rising support we know the price might stop here try stopped here quickly the snap ler dropped new sellers skyrockets back to the highs right we have plenty of touches in this it that they might stop here as, well, right this is the time okay we’re the industrial buyers big buyers are putting their orders in, but we are safe Raiders we don’t want to be the first one into the party ok, because we are not in rusty we are just in do jeweler trailers okay, so we have a range okay we have a range here they have rejected the highest many times here there you go here there you go we have all the range lows okay in the range what do we do let’s suppose, if we have a range okay we have our range the price moved really aggressively to the downside okay and, then do we buy the low exactly no of course not we can’t just buy here this is way too aggressive to buy okay what we do we wait for the confirmation the price goes back up okay the price goes back up to the heist got rejected here okay they guard the rejection here the price drops again back to the lows, so do we buy here of course not at this time we don’t know, if the price is going to drop further or, if that’s a range that can be just double double bottom and for the third time the price goes back to the highs and, then a king closed fails to close above and, then comes back down that point we know okay, if the price is coming back down we know this is a range this is a range, so, now I can look for buying opportunities over here this can be my buying opportunity industrial buyers they’ll be buying down here okay and where will be they’re selling they’ll be selling the top right they’ll be selling here in range sell the high sell the high, so the high, so the high okay buy below okay, so this is how you trade the range okay, so coming back we have nice buying opportunity down here many spikes spike the price comes down okay price comes down spike goes back pipe goes back spice goes back, so at this point we know that they are losing those sellers who’ve been selling this market ever since they are losing the hope that this price is going to fall I know some traders who’ve been selling 1.20 handle in order that thinking or hoping that it will hit euro will hit one point zero okay, but that’s different part of the story and, now we have rising support here way before it got broken they closed under it okay they closed under it the price came come back over to our buying territory this is are buying zone price comes back to our bank zone that makes a new high new lower high there, now the price what the price is doing the price is continuously making lower highs okay price is continuously making lower highs one lower high here lower highs here and, then we have higher highs higher highs higher lows higher highs higher lows but, now since I am creating a range right and zoom out they have failed, so far to close any weekly bar above this strong level right they came back of course they came back failed to close fill to close filled failed okay and, then here oval they failed they came back when you know what the bars are doing industrial buyers especially okay they are buying down here okay and, then they are coming here they’re booking their profits that’s what happening here yeah in their profits okay and in case, if they’ll all have the faith in the trade they’ll book their profit in and, if they have faith in the trade okay they will keep it keep it go okay, so we have nice gap as, well, on Europe I don’t know maybe like 50 60 people not 50 maybe 100 200 170 points pips gaps on euro dollar okay, so they fail to close on in our this horizontal support and resistance area okay what is support and resistance Ariel for example, if this is a strong support or resistance okay the price comes drop drops sorry the price drops aggressively okay, now this is a support, if the price is up here this is support it drops comes back to test it okay, now this thing has become a resistance now, so, now you look for selling opportunities same thing okay the price is going higher okay price is going higher price comes back around okay price comes back around okay, now this thing has turned before it was resistance, now this thing is support, if acting is support same thing we see here the price drops aggressively they cam they come back to test it okay they came back to test it failed to close and, then another push to the downside one little more leg okay, so, now this thing is, now a resistance the field they failed a couple of times and, now we are seeing up close for the first time in history above our support or resistance level here we see finally our clothes right, so what do we do, so we’ve definitely loved to buy how many weeks it has been they haven’t closed since 2015 and we are in 2017 the price failed to close they had multiple attempts to break, but they every time they are falling apart for the first time in history we had not history, but you know in maybe two three years that we see finally a close above, so what we do we come back to daily chart okay it’s the entry today the market is closed, so I don’t have to scroll otherwise the chart will move back and forth okay, so this is our entry Kanpur 14th yeah 14th okay this one right here as soon as of course there is a close you guys might think there is a close daily close as, well, okay, so why haven’t I bought there, because this might be again a fake break out what happened here while you are not paying attention to the weekly chart we have a break here right and what happened, if they even went higher the trap new buyers and, then they are coming back down to complete the cycle of the rain, so that’s why the weekly chart high timeframes all these rocks the swing that’s the beauty of the swing forex trading that you have to watch a chart on weekly levels on higher time frames, so that you don’t you avoid doing mistakes okay it’s tough to be disciplined it’s tough to wait, but yes, so you get down to see, if this weekly, if this weekly candle will close above this horizontal support or resistance area finally they close it and, then we can move to daily chart to take our entries the daily candle maybe like I don’t know maybe at since I live in Dubai, so for my time this candle will close around one o’clock or two o’clock in the night depending, if they have a day saving time or whatever, so I I can’t wait, so I will just wait I’ll just put my buy order maybe the candle will close or not, so I I just took a bar here okay my bar is here I took the BAI where is my stop, then the most important question there is my stop is there enough room to target what I am going to risk this is the most important question in trading for I have a bar here I have a stop of four hundred pips my stop goes under the previous week low since I’m trading with a chart my stop is here 400 is my stop okay, so do we have enough room let’s see this swing we have like 250 and inque thinks this is these sellers will be taken out, because this is huge sell-off okay and those traders they might be holding as said a friend of – was still holding 1.20 handle fora 1.11 handle it nafta he never achieved one point one point zero sorry okay, so those big industrial sellers they’re holding on to it okay and, then finally when we see a closed for the first time above our horizontal support or resistance area that’s a good sign for us the only thing that I see here can be, if the swing high plus the EMA the 200-day moving average, so this is the only thing and, then what happened next week skyrocket take low above 200 okay what the next herd of the next hurdle is swing Hi, he closed above ok back-to-back bulls bar Wow two weeks done, so let it and, now I I start to build faith in the trade that this trade will work why we had a swing filled we have 200 immediately that was my hurdle they closed above that’s why the close is important not the test ok the price comes back test it fails comes back there sits fail I want to see a close ok, so the price goes above 200 price closes next hurdle that is swing high over here sorry over here and then, now I feel more faith in the trade that it might work, so, now I can move my stop, if I want to break even ok, because I I have seen enough I have taken my profits out from the trade already ok how much was our risk 400 points we have already achieved 400 points here sorry it’s for X, so it’s pips, so I have already achieved four hundred pips, so, now I can move my stuff to break even ok I don’t want to see this thing coming back failing at the highest like what it did earlier okay I don’t want one more push to the downside ok, so this, if the whole scenario, now in front of my mind, so should I except and, then the price moved higher price tested one point two zero and low okay and, then they started to retrace some people started to say this is a trend changing and we are cycling back to the lows, because that’s what the range traders will do right, if you are selling here ok the price goes more high you sell more to send it back right, so that at this point when they started to break this rising support level okay they started to say you know this is a reversal, now we are cycling back to the range, so actually this is range expansion okay this is just a range expansion this is the original range, so you just copy this and paste it here maybe here, so this is one range and that is second range the third range will be again back to the highs that we can count even, so this is like thousand people inch, so this is again thousand bits range exactly same to same, if this by chance of course not traders are keeping their eyes on it, so we have thousand people inch okay we get the point 940 and, then from here we have a game a thousand pips and we have a retracement of maybe 500 pips, so we expect a five hundred pips retracement, then again we can talk it out range expansion that’s different scenario that the range trading I will cover that one in the next videos, but for, now this is the swing trading okay, so swing trading you you don’t place your stop way too close otherwise you’ll be stopped out I’ll be stopped down the final place here right I’ll be stopped out you know I’ll say you know what this thing going to fail as expected they have a closed under same thing under the 200 okay that first it was hurdle you remember 200 was a hurdle they closed under okay and, then they have, now they are coming they’re cycling back, so they might test my entry point, so it’s okay let them test my entry point don’t panic don’t freak out, if you have a stop here take the stop call it a deal, so dude put your stop-loss way too close to the price okay and, then what happened after two three weeks we have like twin reversal we have evening or Morningstar whatever you guys want to say it, but I would I would not have never said evening or morning star, because we have like one candle in the middle of the week okay and, then more away it’s not happening in the top at the top or at the bottom, so we have nice structure here we have a trend line resistance coming in we have support coming in okay we have a nice close finally here we have a nice closed buff and, then again we are continuing right we are continuing, so, now I can move my stop from where it was breakeven oh sorry from break even to the previous swing low, now we have a swing low this is known as a swing low okay, so, now I move my stop to the swing low got it, so this is my stop the price goes price is here one week to week three four five six weeks six back-to-back closes above the highs, so closes at the highs near the highs close makes a new high okay, but, then again comes back around closes above the previous record this is good for us, because what I want to see is price closing above from where it opened okay and, if it is it is closing above the previous week high that is even more good better okay and, then we have resistance coming in from higher time frames the price started from here, so we can name it an X okay you can call it X sorry you can call it X price starts it from here they stopped here and, then there is higher probability again to stop here and notice, now that they haven’t a the aren’t able to close, now above this resistance area moreover we have like trend line resistance from monthly level from monthly level from like 2008 2014 and 2018, now okay that this thing can turn down, so weekly level where my stop my stop is still sitting at the previous swing low I want to give it a maximum room that I can of course I have taken my profits out for example my risk was four hundred pips, so first I take four hundred pips out okay, now my trade is one to one I have gained what I had risked, so, now my target will be eight hundred pips there you go I hit my eight hundred bucks on this week like January 2018 I hit my tutor my eight hundred pips and, then price moves like thousand dips, so I have gained eight hundred plus four hundred how many there one thousand and two hundred pips already from the trade and, now this is my bonus my runner let it run how far this can go I was I’m still expecting of one more push to the upside okay we expecting a buying zone somewhere between actually there here okay anything here looks good I’ve I haven’t placed my buy orders here, because I was looking for a trap back to like one point two zero and the break of this area break off our strong support and resistance area same thing what happened here with E we have again strong support or resistance we have projection of the highest rejection the price close never comes back to test it and, now that we are testing it, so that before it was resistance and, now it is support right and, now we are seeing some bullish momentum from the buyers on your, so this thing can definitely skyrocket back to one point two three handle, but at least back to mid of this range you can call it like one point two, so this will be for day trading not for swing trading for swing trading you have to wait for night time you might get like ten crazy in one year maybe five trades in one year, but that one trade or that five crates we’ll be equal to that crater who is creating hundred lots in one year or you will be gaining more the great Raider will be paying spreads commissioned every single thing of course in this swing trading you only have one disadvantage of the swaps, so I have a swap for like $300 now, so you have to make a deal with your broker of course there are some swap free accounts as, well, you can look for look into them, if you are swing trader you can make sure that the swaps are in your favor okay, so, if swaps are in your favour you can even look for more quantity you can hold on for more longer period, because swaps are filtering you in my case euro dollar since I have a buy on euro and have shorted US dollar this is how the forex market works, if you have euro dollar this means like, if you have where is it euro dollar okay and this means you are selling the Europe, if you are buying sorry, if you have a buy it in my case I have a buy I’m expecting Europe to go higher and I’m expecting the dollar to drop sorry about this dude drunk okay, so, now I’m expecting your to go higher, so I am favoring Europe right, so I have a favor on euro, so y’all have negative swaps, because I am buying euro I have to pay the swaps, so you can discuss this with your broker you can ask him or they have a whole spreadsheet you can even look in the empty for section in Euro may be specification you can see how much they’re charging swaps like long swaps are – – short swaps are 2.45 okay three days swap, so every Wednesday whatever, so every broker have different stuff on this one, so so that’s how you manage you wait okay you wait you put your stop at write paper stop a write stock placement initially my stop was here when the price moved higher okay when I got my t1 or t2 whatever okay I moved it to break even, now, if the tough tough spots okay things I got my t1 t2, well, should I exit the t3 or t4 t5 okay I haven’t existed t3 maybe at the highs maybe you know I’ve I know, now that we have a strong resistance area coming in to play, if I have to look to, please book something here right also we know that this is range expansion 100 pips here’s 3000 pips here 4,000 PBS we call it a deal thousand pips okay, so where do I place my stop then, because when the okay this phase when the price moves higher and they come back around I have achieved the first phase, now starting, now this is the starting of the second phase okay, now decided to move in daily wedge okay or weekly wedge sorry that’s a weekly veg and, then they moved higher, so that’s okay I can move my stop here they moved one more high, if I’m trading it on a daily chart remember this stop will be depending on the daily chart okay, if you have a date with the timeframe that you’re trading, if you have a daily trade, then you take it on a daily chart okay you move you manage your stop on daily levels okay, if your trade, if you have taken a trade on weekly levels, then you manage it on weekly level okay, so we have a new high the stop goals here okay, so new high nutrient we have new high here alright new retracement here, then I move my stop here we have a new high okay, now I’ve booked my profit why fat I’m expecting a reversal from this point from this trend line area trend line resistance area we have nice rejection here they might reject here as, well, and I don’t want to sit in the pain of like 500 and 600 pips again, so better to take out my profits, so taking my profits out here makes sense right, now where is my stop my stop goes under here okay there is a rising support now, so better to put it under right let me draw it again, so rising support the stop goes under this rising support we have horizontal support we have buying area buying zone at you can call it like one point to zero, so this is the buying zone, so expect a bounce from here, so select, so initially my stop force for under 200 day moving average, but I just put it way under the price way far from the price, because I’m expecting one more leg to the upside, so it’s all about the trade management discipline wait for the right time wait for the wait for the resistance area wait for the support area to let the price do it thing let the market do it thing whatever it is doing you want a book profit here you of course you can okay I am I will not take the profit here we have nice huge rally to the upside with this this thing might have a leg to the upside one more push okay and the best thing to take your profit out, if only I can see at the resistance area, now we are approaching into our buying zone you can say that again same scenario we have rising support we had a rising support rising sport got broken reading support got broken okay and then, now in this one we had like support let’s see, if we can find support here as, well, no not nothing, so far, so we have we have still like enough room like hundred pips for the price to go and, then we can look for buying opportunities here as well, so that’s why that’s a buying zone, so same to same pattern structure same structure this is the same structure same structure is happening here we have rising support we have rising support driving support got broken okay rising support got broken okay and then, now same thing we had this one I have to calculate maybe we have 500 pips of the retracement we have like 460, so almost five hundred pips of the retracement same thing okay everything is pointing to the upside we can also draw our side okay [Music] okay I say finally starting to go higher, so that will favor us okay, so what is Mukti okay, so still like selling momentum, but nothing no divergence, so far everything looks okay, but MACD looks bad okay doesn’t look good to buy, so, but these indicators are laggy as you know okay, so we can look for buying opportunity at this area around 200-day moving average EMS or exponential day moving average and we have a support we have our support buying a zone okay we have our rising support broken and, then we have horizontal support as well, so many thing pointing up same level here okay, so I wanted to have in a conservative entries, so maybe around one point two to zero to nine eight this one looks good to me the price came back maybe missed it by like 10 pips never mind we’ll see how the next wheel a week will go I have still buy at one point one four handle I’m still making like 600 pips already on the runner on the target for five forever you can say I have already achieved my targets on this euro dollar pair and, then next week on the next video I will share pound dollar, because I have also made like thousand pips I don’t know, if I had already made, but I don’t know, if that was a long video, so sorry about the long video hope you learn from this video and they do let me know in the comment section or you can email me directly at the support at forex trading city calm and I will definitely reply you guys, so be a discipline traitor wait for the right opportunities okay and, then when there is a right opportunities go all in okay go in with your maximum, because right by that time when you are waiting for the opportunity according to your trading plan you are saying that this is what you have to do and, then when the opportunity, if they’re just grabbing and that way you will have more faith in yourself more encouragement that yes this is what I was looking for this is what I have gained and, now I have the opportunity to grab it, so grab it and, then enjoy your life thank you, so much for watching it, so seeing next time.

Leave a Reply

Close Menu