What to swing trade

This is a discussion on What to swing trade within the Swing & Position Trading forums, part of the Methods category; This is an issue you have to deal with if you want to be a "swing trader". You will get ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 6, 2010, 7:29pm   #9
 
4xpipcounter's Avatar
Joined Jun 2010
Re: What to swing trade

This is an issue you have to deal with if you want to be a "swing trader". You will get huge spikes along the way. It's the confidence factor in your methodology that will make or break you as a trader. This process is a part of assimilating your indicators that will as accuarte as possible ascertain the directional path of the pairs you want to trade.
An example is when the USD/CHF was near 1.1700. It was clear to me it was going to have a huge drop. A day after I entered that trade, the news created a 96-point one-minute spike against me. I could have panicked and jumped out, or take confidence in my methodology, stay with it, and then cash in a big trade later.
I issue a Weekly Report, and this is a cut-n-paste from this week's, "GBP/AUD: This pair is in for one volatile, nasty ride. Current level to the 1.6730 area is containment for this DOWN, During this week, this pair could complete a strong move UP, and then being a violent reversal beack in anothe DOWN. 1.7015--1.7605 is the upper range. The next reversal could go lower than current levels." that will bring it all together
The dip, so far, was exactly that, 1.6730. This is what I mean by combining the indicators by forming a winnign methodology. It has to be able to tell you in advance what is about to happen, and you act upon it.
Keep working at it, and then something eventually clicks that will bring it all together. Stay away from paid programs and classes. You will be glad you put in the peronsal effort.


Quote:
Originally Posted by sheeru View Post
Thanks for the reply..iv been trading forex recently and iv enjoyed it to be honest-also iv learned alot of forex theory such as fibonacci and sma's etc which are all starting to make sense and thie bigger picture is coming together slowly.
Iv got a demo acc which im gonna use to trade and im gonna try and trade everyday in the evenings for the next few months.

But what i dont understand is how do people enter a trade and then sit on it for a week and expect to generate a profit..surely forex are too volatile to do this-thats why i was asking about indexes and stocks. In order to do this do ppl set larger stop and limits to their order?
__________________
I invite you to view my thread. No gimmicks. Nothing to sell. No ulterior motives. Just outstanding forecasts.
http://www.trade2win.com/boards/fore...forecasts.html
4xpipcounter is offline   Reply With Quote
Thanks! The following members like this post: Rossini
Old Sep 13, 2010, 1:13am   #10
Joined Jul 2010
Re: What to swing trade

swing trade high ranging markets.. thats the best way.. i trade on the fast ranging pair.. gbp/jpy and eur/jpy and some of the new pair they just added but the price per pip and margins and just trash


yeah what you need is a none lagging indicator( hard to find) , you will also me a good setting. and proper trading know4
hustlerscreed is offline   Reply With Quote
Old Nov 11, 2010, 2:54pm   #11
Joined Sep 2010
Re: What to swing trade

I'm going to talk to you about swing trading stocks, because to me swing trading forex sounds like a death sentance.

Despite what people tell you liquidity doesn't mean much for swing traders, what does however is the ability to spot patterns and get on the right end of them.

PXS: A penny AIM pharma company, this stock has been fluctuating between 2.80p and 3.50p for months. I usually manage to get 2 trades a month out of this, buying low and shorting high. There isn't really any technical analysis for this stock as it would appear other people are all doing the same as me, the great thing about this stock is the orders always get filled, even if you are inside the spread.

Fundemental swings:

OIL Spuds, usually I'll pick a stock that's spudding and then ride it upto the RNS. Examples would be EO. DES, RKH, GKP etc. I've always sold out before the RNS incase it's bad news, greedy people hold and those gamblers eventually get burnt to a crisp.

AIM Day trade:

Gusher: This is mega and ALWAYS works. You could setup an automated trade however I prefer to do it manually, due to the volatility of oil stocks. Basically set your screener to alert you on RNS. If it's a duster, go short, if it's a gusher go long. This was my first ever "system" (if you could call it that) and is still my most profitable trade. I've never tried this with US stocks but I would hazard a guess it's pretty similar.

Technical alalysis swings:

I use TA to swing the FTSE stocks usually boring **** like AV, RBS and LLOY, usually I'll setup my charts with a MACD histogram and follow sector rotation, volume and candlestick. It's ok, nothing great, probably get around 5% a month from it. I imagine thes are the sort of trades that people are taught on training courses etc.

Stuff I'm looking at:

I'm looking to branch out into ETF's and US stuff such as the S&P 500, my US buddies keep talking about options and crap like that, I try and tell them I'm happy with CFD's but they insist I get into it, so we shall see. I'm also doing a little forex so the future for me will be in forex and the US stock market (possibly options), that doesn't mean I'll ever leave the AIM, there is nothing like the rush you get from trading in the jungle (AIM).

Just a little more on the AIM for you:

In the jungle you got stocks ripping out 50% in one day, "fundemental investors" getting crushed everyday like origami, you got pump and dumps, market manipulation, stock manipulation, you name it the AIM has it but the great thing about it is when you get street wise more often than not you've already hit the bid before the order book starts lighting up like a christmas tree. When you can "feel" other peoples emotions just by looking at a chart that's when you know you've cracked it.

With regards to technical analysis one thing that got me placing better trades is this: know your enemies. You've got different enemies on the daily chart compared to the weekly chart. If I'm thinking of going long the first thing I'll do is zoom right out and look for shorting opportunities, 'cos that's what my opponents will be doing. If you're getting mixed feelings and decide that the trade could go either way, don't do the trade.

Last edited by leerees; Nov 11, 2010 at 3:14pm.
leerees is offline   Reply With Quote
Old Nov 14, 2010, 10:44pm   #12
Joined Nov 2008
Re: What to swing trade

Quote:
Originally Posted by leerees View Post
I'm going to talk to you about swing trading stocks, because to me swing trading forex sounds like a death sentance.Despite what people tell you liquidity doesn't mean much for swing traders, what does however is the ability to spot patterns and get on the right end of them.

.
Pourquoi?
Black Swan is offline   Reply With Quote
Old Mar 8, 2015, 9:48pm   #13
 
1 Posts
Joined Sep 2006
What are you using to find stock or ETF to rotation strategy portfolio. How are you selecting titles to rotation startegy and ahow are you backtesting portfolio?

Thanks

Palo
palopuk is offline Trading Strategy Services   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
How much needed to swing trade forex? PKFFW Forex 2 Jun 15, 2008 4:24pm
Opinion on a day trade or swing trade NH538DB8 Stocks 0 Mar 27, 2008 3:19pm
swing trade ETFs ihomestore Stocks 5 Jan 31, 2007 9:53am
day trade 2 swing trade? spookygr Swing & Position Trading 24 Dec 22, 2004 3:29pm
Swing Trade Ideas flea Swing & Position Trading 22 Dec 20, 2002 12:35am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)