Daily Swing trade
I don't place stops in the market I use mental stops based on market conditions after trades are placed. I use a conservative position size to ensure I dont get hurt and take probabilistic trend based swing scalps from the daily chart like what you see here. classical technical analysis. use whatever stops you see fit and let them run as you see fit. My green moving average is a 130 day representing 6 months. These long term averages on the daily keep me from having to do multi timeframe analysis which often shows conflicting signals. I work off the daily and stay loose and take profits as they come and stay with the trends. my short term moving average is flat while my longer term is in a steep decline so I'm using that for some quick work to the even number exchange rate just before the 50 percent Retracement. Keep it simple.
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