Thread: Swing Traders Welcome

That's a trade you may take for a little profit. The profit will include taking a trade round the service trendline or a commerce if price action flip the trendline as resistance, state on a daily or four-hourly final basis.

Trade thrive and safe.

KP

Originally Posted by ;

quote I concur. You know , I see on the daily swing to the key service (on the weekly) because you mentioned previously, that's why I entered with market limit order in BRN 1.3850. What d'you think guys? ...picture

Originally Posted by ;

quote Swings could be dispersed according to relative size. Here the pink swings are the major pullbacks and the orange swings are the minor pullbacks. The urge swing happened as each new low was created in line with the relative sized swing. If one just looks at the pink (majors) then it could be seen that the latest pink urge did not lead to a convincing new low. The unconfirmed pink fold high happened at the highest orange swing high after breaking through the orange swing high. I submit that by structuring swings comparatively then...

that's an interesting idea.

Originally Posted by ;

If you are monitoring the GBPUSD, by the technical structure of this pair, I visit the probability of a southward pullback to a horizontal support around the 1.35970 area in the first part of next week and with the chance of analyzing the support trendline (red) over the weekly time frame prior to a northward turnaround. Thus, it is far better to wait for such a pullback before searching to the north for a swing trading opportunity. I may be incorrect. Trade secure and prosper. KP picture

I agree. You understand , I visit on the daily swing down to the important support (on the weekly) as you mentioned previously, that's why I entered with sell limit order at BRN 1.3850. What d'you think guys? ...

Swings are basically used hand in hand together with supply and demand - swings provide leadership and SD give us entries and exits

Originally Posted by ;

quote I use swings as a key structure to exchange. You has to define a swing. What's the definition of a swing?

I believe most traders comprehend cycles, definitions may vary, but the arrangement is pretty basic. Entries and exits within swings makes a bit tricky

Originally Posted by ;

quote I utilize swings as a primary structure to trade. However one must define a swing. What's the definition of a swing?

Great Query:

Swing is: SQRT(2)*100*FRAME_MODULATOR*PRICE,

EURGBP price now is 0.8900, frame daily therefore MODU=1 for quick swing; MODU=two for individual swing

so minimal swing is: SQRT(2)*100*1 *0.9800 = 141*1 *0.9800 = ? ?


Great thread

Keep an eye on the CAD pairs next week.

If you're monitoring the GBPUSD, by the technical arrangement of this pair, I visit the likelihood of a southward pullback to a horizontal service around the 1.35970 region in the early part of the week and with the chance of testing the support trendline (red) over the weekly time frame before a northward turnaround. So, it's better to wait for a pullback before looking to the north.

I may be wrong. Trade secure and prosper.

KP

CadJpy 2hr view

Nice ribbon I will follow along