Do trade swing? Do you trade on greater or 4-hourly time period and maintain trade positions? For trading success, trap, stalk and you will have to monitor the market. The purpose of this thread is to share thoughts, expertise, egies and approaches that help trap or beat the market in brief to medium-term swing trading, including trading on HTFs and holding positions more than 4 hours if the TP target or market state necessitates it.
To specify, watch, await, and trap the market is that the heart of short term swing trading. From the context of swing trading, beating or trapping the market involves:
1. Clearly defining the substantial zones or boundaries and conditions where price action will be to bring in desired trade results;
2. Carefully reading and viewing the market;
3. Patiently waiting for the ideal time and for many signals to align or drop in place; and
4. Striking if the chance to beat the market presents itself.
You will not get it right 100 percent of the time however, you will have always very good trading results to create you a more successful trader overall. In another post I will address several elements of the aforementioned four factors how I currently see them.
I trade mostly off the daily and 4-hour charts and my system is based on trading their own turning points or zones mainly in terms of S/R and pivots using 10 and 20 EMAs, and RSI. I will present my approach and egy to trapping the market as a swing trader and I will also talk about ideas, expertise and commerce charts.
I do not plan to use this thread to focus on instructing any specific trading system or egy, why I didn't open it under 'Trading Systems' section. Nevertheless, I do not want to get involved with debating the definitions or merits/demerits of swing trading. I see myself as a short term swing trader, holding over 60 percent of my trading positions more than 12 hours when my TP target or the market state requires it and trading off turning points over the daily and weekly TFs. I inviteforexforum.co.zamembers that do swing trading of whatever hue - like trading on HTFs and holding positions more than 4 hours once the TP target or market state needs it, to share the egies, approaches, rules, and techniques they practice or understand work for them in achieving successful trading results. The posts may cover aspects of the four factors itemized above or other facets regarding their trading styles, systems, expertise, methods, rules, egies, etc..
This thread isn't about scalping. I began Forex trading in 2011 for a scalper and within my four years as a scalper I didn't do well, blowing off at least three accounts in the procedure. But I have nothing against fellow traders that are scalpers and that are doing well with their egies; just the focus of this thread, and my current trading style which seems to match my personality, is swing trading and trading on HTFs such as 4-hours and greater - with such HTFs for transaction management and commerce set-ups but maybe not chasing the market; and holding commerce positions for more than 4 hours if the market state or TP degree requires it. This does not mean dropping down to a lower TF, e.g. 1-hour/30-minute, to fine tune trade entry will probably be out of place. But intraday trading will not fall under this egory.
As for principles. . .No trolls, no scamming, no foul language. Simply talk about your knowledge, expertise, transactions, principles methods with respect and humility and prevent language that is violent or insulting. If you subscribe toforexforum.co.zaassociates' ethics you would be regarded as a valuable contributor. This thread isn't appropriate for the Forex 'professionals' or 'experts' who believe they understand it all and believe they are always right, and that aren't ready, willing and ready to learn (especially from people they view as 'newbies') or tolerate contrary viewpoints, analyses, egies or approaches.
When you article charts, videos or other attachments, then please add a brief explanation/ summary of what it is you're attempting to convey; basically describe any attachment or procedure a little. Please, do not ask for my TE the results I get from my trading are purely personal ; and since I am not here to prove or sell anything and I want to keep it.
For me personally, the primary aim of membership inforexforum.co.zais to find out and share thoughts and expertise for greater trading results. I'm a student, and I want to keep sharing and learning. Share it here if you are certain about what works in swing trading in the context of it is seen by this thread. In case you have expertise of any swing trading system, rule, approach, method, or egy that does not work for you, equally share it. Thus, let's focus on which helps us or beat the market. Let us collaborate to create our market-trapping or market-beating experiences count for trading results that are always successful. Thanking you all in advance to do exactly what theforexforum.co.zacommunity is largely all about: sharing and learning.
KP