Here's how I Swing Trade:
1. No indicators, just making good old trendlines and key levels.
2. Once a key level is hit, Remember Long on Support, Short on Resistance.
3. Then confirm by looking for a Trend break. Why did you make a Trend if you're not gonna use it?
4. Finally look for a higher high or lower low for trend reversal.
5. Limit order not market order on the last highest or lowest candle
6. Target Risk to Reward of 1:2 but 1:3 is the next target, if this is not possible, don't risk it, find another opportunity.
1. No indicators, just making good old trendlines and key levels.
2. Once a key level is hit, Remember Long on Support, Short on Resistance.
3. Then confirm by looking for a Trend break. Why did you make a Trend if you're not gonna use it?
4. Finally look for a higher high or lower low for trend reversal.
5. Limit order not market order on the last highest or lowest candle
6. Target Risk to Reward of 1:2 but 1:3 is the next target, if this is not possible, don't risk it, find another opportunity.
Note
Patience. ONLY TRADE ON A KEY LEVEL. That's why it is called SWIING TRADE. You don't swing in the middle.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.