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skb7

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Posts posted by skb7

  1. Caution: speculation is imperfect business, Professional trader gain profit from risk management not from speculation

     

    Im trading forex for nearly 7 years, tested so many ideas, now using only larry williams stuff and my own understanding of market.

     

    im a swing trader and i always use daily tf for my base analysis

     

    so how to use cycle in forex

     

    every market have 2 stages of trend: 1. ranging 2. trending

     

    what works in ranging period will not work in trending period, Ranging period example EURUSD (15/03/2015-3/04/2017) trending period example EURUSD (11/04/2017-01/09/2017)

     

     

    from my experience in this market i can only use cycle in trending period , sure cycle turn over itself but some advantage can be gain from this, if we use cycle in conjunction with the established market trend it can give us better idea when to enter the market

     

    how to know when trend is changing ?

     

    trend doesn't change overnight, we can get approximate area for potential trend change like if trend want to change it will hang around and squeeze price near failed range area and keep it there for 15/20 days example eur/usd bullish trend (19/05/2017-26/06/2017)

     

    cycle doesn't predict trend change and there is no holy grail to know when the trend will change, sure sometimes by coincidence market trend change with cycle and cycle doesn't predict magnitude of the trend rather it predict possible trend continuation area that gives us advance timing to prepare ourselves

     

     

    if market trend and cycle move together we can only select beginning of the buying/selling area for timing but,

     

    lets just say market trend is down and cycle is showing up trend so how we can use it ? in cycle up trend there will be some correction period and that will be our sell signal timing for market established down trend

     

    q2cjk8

     

    how i made this cycle ? from timing solution software q spectrum module

     

    selected 3 major dominated cycle: (1/4/6)yearly, half yearly(100/200days) and (40/50) days

     

    this recycle repeat every year so test eurusd in conjunction with trend

     

    how to use this information for you trading ?

     

    when potential trend continuation area come in cycle use your own method to find trend continuation buy/sell signal

     

    reason i shared this idea because cycle is gaining popularity recently and i think there is some room to improve to use this information in trading , so i want experienced cycle trader to contribute there experience and hypothetical idea to improve this method

     

    i dont understand astrology and for the sake of this thread we will only use q spectrum cycle, too much analysis will hinder the improvement process and simplicity is my rule of thumb

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