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Thread: Swing trading on currency market

  1. #1
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    Swing trading on currency market

    Hi, traders!

    In this thread I’ve decided to put together information and some slides from the webinar I’ve made today – «Swing trading Forex»

    What is swing trading? How «swing trading» differs from «momentum trading»? Actually, there are many approaches to swing trading, but I will express my point of view on the subject.

    Swing trading is trading on intervals more than 1-3 days, some traders may call it «long term» or «medium term», but in fact, good swing trade can last no more than 4-5 days. Swing trades are usually level-based trades. For example, if you trade momentum, you can capture short-term overbought or oversold condition of the market (imbalance) and trade-off scenario of inventory correction.

    If you trade momentum, your trade will look like that:

    Attachment 1998

    You see, that typically you will buy high to sell higher. But in this case you act like a sniper, wait for perfect timing for your entry, then aggressively go with the market, capture profit and exit.
    Things are different with swing trading. For momentum trader it’s natural to exit pretty quickly (duration 3-4 hours for intraday trade) because his price is not relatively very good – momentum trader is unable to survive pullbacks, rotations and other activity of the market, before it reaches the target. That’s why momentum trader will tend to quickly reduce his risks, minimize stop losses or set them to breakeven.

    Swing trader expects to get good price while his timing may not be ideal. If you expect to get good price, market can revisit your entry several times, rotate above your entry (if you go long), go sideways, and only after 2-3 days of sideways action price can break out from a range in the direction of your position (or may not break out)

    Typical swing trade looks like that:

    Attachment 1999

    So, I’ve structurized difference between momentum and swing trades:

    Attachment 2000

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  2. #621
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    Swing trading is helping many traders in the market, it will make the best when traders have a long term system of trading the swing. Swing could be dangerous too, and it will bring successful earning when the trader have about tow different ways to recognize the swing and have the mature filtering of it before trader takes it risk.

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  3. #622
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    Quote Originally Posted by silverlady View Post
    Swing trading is helping many traders in the market, it will make the best when traders have a long term system of trading the swing. Swing could be dangerous too, and it will bring successful earning when the trader have about tow different ways to recognize the swing and have the mature filtering of it before trader takes it risk.
    If someone is swinger then he knows that how much market may go, he will have to anlayze the market first, don't only open trades upon higher and lower swing, or upon opening a new swing, if a trader open it on wrong time, then it may blow the account, it is true, but need to do proper money management to secure himself.

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    Quote Originally Posted by mehwishraheel View Post
    If someone is swinger then he knows that how much market may go, he will have to anlayze the market first, don't only open trades upon higher and lower swing, or upon opening a new swing, if a trader open it on wrong time, then it may blow the account, it is true, but need to do proper money management to secure himself.
    This is the main issue sir, the trader with the swing system of trading are kind of a proactive trader in the nature of their trading. One thing that is important is how they are making things working for them, this is because it is vary in many traders. But the best forex traders will have thing working for them on the long term view.

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  5. #624
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    Quote Originally Posted by silverlady View Post
    This is the main issue sir, the trader with the swing system of trading are kind of a proactive trader in the nature of their trading. One thing that is important is how they are making things working for them, this is because it is vary in many traders. But the best forex traders will have thing working for them on the long term view.
    If we see the spirit of forex trading then we will find that the original forex trading is longer term not short term or medium term, we can say that by doing scalping, short term and medium term we avail opportunities to make profits, but the real trading is longer term and if we have big capital then we need to do our trades on longer rather than medium.

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  6. #625
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    Yeah right sir most of successful trader's pay much attention on long term trading goal rather than scalping and medium trading goals. I think scalping trading system also a good trading system which can help us to make money high volatile market. Its a good system just need good selection of pairs a very good use of stop loss and take profit levels

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  7. #626
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    Swing trading is a better way to understand what will be next for the trader to do, the swing trading is mainly the means by which the trader locates a turning market at the early initial stages, and the trader might have several multiples of the pips he used as reward when risking with a little amount, this is the beauty of swing trading.

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  8. #627
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    Swing trading system is one of the popular trading system in forex market. Many trader's like to use this type of trading system for their trading. You are right its a good way to catch a lot of pips from the market and we can enter on the right time in the market too. I suggest everyone to use moving average to get better advantage in swing trading system

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  9. #628
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    swing trading is basically going long on any pair we may be trading,though before one could repeat this,proper market analysis is needed becasue the marketplace might change course at anytime,though of resent trading long has being the greatest thing to accomplish when trading because of the Xmas coming up,the marketplace is certainly not trending in the higher period of time.

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  10. #629
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    Quote Originally Posted by rapidace View Post
    swing trading is basically going long on any pair we may be trading,though before one could repeat this,proper market analysis is needed becasue the marketplace might change course at anytime,though of resent trading long has being the greatest thing to accomplish when trading because of the Xmas coming up,the marketplace is certainly not trending in the higher period of time.
    It is about trading both long or short in the market, what really matter is how the trader is brave about doing this. The swing trading makes the way for the trader in the best possible manner. Swing trading makes the best out of trading if the trader looks at the pattern trading on a longer time frame, it is the beauty of the swing, and such trader will use lower risk.

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  11. #630
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    a trader who use this method and it mean they understand about their position in the market, some will wait for good moment or momentum for it, and support resistance is very good basic for this, one thing need to note, have some experiences with this method and i put my position in the middle of range, it was bad for me when i did not wait for right correction

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