Swing trading forex

[Paresh]

Hello,

I'm still relatively new to trading but have come to realise swing trading is my preferred method of trading as it fits my risk profile and my time available to trade.

Having just finished Marc Rivalland's book, it's left me asking whether it is possible to swing trade the forex market, as he doesn't mention this in his book.

Is anyone able to shed any light on this?

Much appreciated.

Paresh

 

[shadowninja]

Yes, I do.

Take your time, keep your risk small until you learn the characteristics of whichever pair you choose.

 

[Paresh]

Hello Shadowninja,

Do you employ Rivallands methods or something similar? And if this is too personal no need to answer, Are you successful in trading the currency market through swing trading?

 

[shadowninja]

I may have misread what you asked. Ooopsie.

I just do basic swing trading that you can read any where. Identify a medium term trend, buy in dips, hold until you feel it's turning. Yes, I am succesful. I just swing EUR/USD but decide for yourself which one feels right for you.

 

[Paresh]

Thanks

Thanks for the help

 

[coyeoh27]

Hello,
I am a new member. I am very interested in how you use simple swing trading strategy to trade EUR/USD. May I know how you define the medium trend? Can u give advise how to swing trade the EUR/USD?

 

[coyeoh27]

Hello,
I am a new member. I am interested in how you use simple swing trading to trade the EUR/USD. Can you advise me how to do that? May I know how u define the medium term trend?

 

[pierreFX]

Swing trading can work very well on Fx pairs - pick one or two and stick to them until you know their character etc.. The market can be very revealing! I strated with the EURUSD too.
good luck

 

[coyeoh27]

Hi pierreFX,
Can u please provide me more information how to swing trade?
Than k you.

 

[Littleian30]

to shadowNinja

I may have misread what you asked. Ooopsie.

I just do basic swing trading that you can read any where. Identify a medium term trend, buy in dips, hold until you feel it's turning. Yes, I am succesful. I just swing EUR/USD but decide for yourself which one feels right for you.

Sounds like a good strategy but what do you do if your selected pair isn,'t in a medium term trend for a few weeks? Do you look at other pairs? Seems to me if you favour this particluar type of set up it ultimately doesn't matter what the product is whether its jelly beans or gold. By sticking to just one product surely you must be bored to tears. I guess you must be looking at more than just eurusd.

 

[meanreversion]

I swing trade FX and look at 10 ccy pairs, essentially all the major "driver" pairs, e.g., EUR/USD, GBP/USD, EUR/CHF, AUD/USD etc. I avoid mickey mouse pairs like AUD/CHF as it is simply a formula and not a "proper" currency pair. I get about 5-10 signals a week BUT of course the strength of the trend varies from pair to pair and this affects the likelihood of me taking the trade. I tend to target 3 times my original s/l, i.e. I'm not looking for a massive trend to ride. This way, it doesn't matter if I miss a winning signal because there should be another one before too long.

 

[meanreversion]

Right now, there is money to be made buying dips in EUR/GBP and selling rallies in AUD/USD. EUR/CHF is boring/manipulated and should be avoided (at the moment) and for some reason I can't get even vaguely interested in EUR/JPY.

 

[Black Swan]

I may have misread what you asked. Ooopsie.

I just do basic swing trading that you can read any where. Identify a medium term trend, buy in dips, hold until you feel it's turning. Yes, I am succesful. I just swing EUR/USD but decide for yourself which one feels right for you.

is that the only pair you trade bud?