Swing trading strategies

Is it possible to gain double digit monthly wins by swing trading? Let's say 10-15 percent by average.

Time frame in question would be daily chart. I would use stochastic oscillator (5,3,3) in unison with Bollinger bands without median. Maybe mixing it with 50 D SMA on top.Buy from lower band and sell from upper band. How I currently understand is that it is highly unlikely to get such figures. More realistic would be 5% per month. Risk is insane. Volatility is insane.

However, I would like to hear opposite views too. Any suggestions for improving this approach?

Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.

Pin bar is meaningless on it's own. It needs to be combined with support and resistance or other important factors. Just looking at 1 candle stick and determining a trade is not correct

Strategy will be profitable if the maximum is already owned , for me it is always to try to learn as possible in a demo account to hone knowledge and trading skill to become better and better able to understand forex working properly also profitable.

If you are swing trading then it is important to do proper risk management on demo account. Swing trading uses large stop losses and unless you are using correct Lot size then you could get margin call very quickly with a couple of trades open

Once you tried, sure u will be bored in trading. But, in term of pips gain, sure u will be the winner. I tried and i really enjoyed.

I have an idea of using Bollinger Bands as S&R levels. As said buy from the vicinity of the lower band and sell from the higher. Use a stochastic oscillator as confirmation. Maybe use one lower chart for time frame for refining the entries & exits. 50 SMA for confirming that the trade is not totally against the main trend.

Maybe patterns can be used as an extra means for validating the trade, but isn't it almost the same as the pin bar technique?

I need something, which doesn't require me sitting in front of the computer all the time.

Imamul posted:
Strategy will be profitable if the maximum is already owned , for me it is always to try to learn as possible in a demo account to hone knowledge and trading skill to become better and better able to understand forex working properly also profitable.

Do you mean that the trade should be opened with maximum position size (i.e trade lot size) straight away, initially, such that adding later to the position is no longer possible?

Yijun posted:
If you are swing trading then it is important to do proper risk management on demo account. Swing trading uses large stop losses and unless you are using correct Lot size then you could get margin call very quickly with a couple of trades open

I am planning of scaling down for a cent account.

I do wonder if it is even worth it with a cent account. Even if you catch a 200pip move that could be $20 or less. Nothing to shout about there

Saif59 posted:
I do wonder if it is even worth it with a cent account. Even if you catch a 200pip move that could be $20 or less. Nothing to shout about there

It depends bro. If you have large amount of money to invest, just go with standard account.
It does not matter you trading in cent or standard, just keep profit.
I remember during my 1st deposit $55, 1 trade even i got 500 pips, i just got $3 only. But, i'm happy because i can make profits and compounding my profit in order to grow my balance.
Once i reach $5k, sure, i will start with standard account also.
But, everyone knows that trading fx is very risky. Just hope that i can make it one day.

niceGLer posted:
I have an idea of using Bollinger Bands as S&R levels. As said buy from the vicinity of the lower band and sell from the higher. Use a stochastic oscillator as confirmation. Maybe use one lower chart for time frame for refining the entries & exits. 50 SMA for confirming that the trade is not totally against the main trend.

Maybe patterns can be used as an extra means for validating the trade, but isn't it almost the same as the pin bar technique?

I need something, which doesn't require me sitting in front of the computer all the time.

I've been a swing trader for 9 years now. I tried all kinds of indicators in my early years, and experimented with all times frames. I can tell you from my own experience that using indicators only for entry/exits is a disaster waiting to happen. You should think of any indicator as a tool to validate an entry/exit.

I learned the hard way that the ONLY way to swing trade is to use price action, meaning looking for proven historical support and resistance price levels, trend-lines and fib levels. Analyze your charts, identify these levels, and then wait and see how the market reacts around these levels. If you find a signal like a confirmed Pin-bar, Stochastic, RSI, Double Top/Bottom, etc. around these levels, THEN you enter the trade. Same applies for your exits.

Have a look at the attached chart for illustration. I took this chart from my setup. It's the AUD/USD 4 Hour Chart. This is a good example of how I look for a trade setup. This example gives you about a 1:2 Risk/Reward ratio. I would typically Risk no more than 1% of my Account Balance on any given trade, meaning if it hits my stop I lose no more than 1%.

The best part of it all is that you only have to look at your charts every 4 Hours (in my example), since that's when the candle's close.

Hope this helps to give you an idea what you should be doing.

Good luck trading!

Dear @JacoAF , i thnik it is better for you to show us the real account of your trading at your profile, at least we can alert on your comment here. Comment without proof is nothing for me.

Swing traders mostly did the analysis at Daily timeframe at least. H4 normally use by Intraday traders. Never heard swinger using H4 so far. Or maybe after you attached your real swing account on your profile, then I believe.

Anyway, thanks for your deep analysis.

Nasrul_Swing posted:
Dear @JacoAF , i thnik it is better for you to show us the real account of your trading at your profile, at least we can alert on your comment here. Comment without proof is nothing for me.

Swing traders mostly did the analysis at Daily timeframe at least. H4 normally use by Intraday traders. Never heard swinger using H4 so far. Or maybe after you attached your real swing account on your profile, then I believe.

Anyway, thanks for your deep analysis.

I agree with you; personally I also prefer D1 for swing trading. Besides I see, D1 represent more stable market trend. That’s why, it’s my favorite time frame.

Nasrul_Swing posted:
Dear @JacoAF , i thnik it is better for you to show us the real account of your trading at your profile, at least we can alert on your comment here. Comment without proof is nothing for me.

Swing traders mostly did the analysis at Daily timeframe at least. H4 normally use by Intraday traders. Never heard swinger using H4 so far. Or maybe after you attached your real swing account on your profile, then I believe.

Anyway, thanks for your deep analysis.

Hi Nasrul,

I agree with you that "most"swing traders trade analyze and trade the Daily/Weekly charts, but I have to respectfully disagree with your statement that you cannot swing-trade the 4-Hour charts.

Here is the definition of Swing-Trading according to Investopedia:

========================>
"What Is Swing Trading?
Swing trading is a style of trading that attempts to capture gains in a stock (or any financial instrument) over a period of a few days to several weeks. Swing traders primarily use technical analysis to look for trading opportunities. These traders may utilize fundamental analysis in addition to analyzing price trends and patterns."

Swing Trading Explained
Swing trading involves holding a position either long or short for more than one trading session, but usually not longer than several weeks or a couple months. This is a general time frame, as some trades may last longer than a couple of months, yet the trader may still consider them swing trades.

https://www.investopedia.com/terms/s/swingtrading.asp

========================>

So the basic principle of Swing Trading, in my humble opinion, is entering a trade/position and hold it for several days to weeks or even a month or two.

Yes, I did use a 4 Hour chart to illustrate my point, and yes I do trade 4 Hour charts in a swing trading style, just as I do with Daily charts, and sometimes even weekly charts. I have to admit, that when I "trade" 4 Hour charts I mostly do my analysis on the Daily chart to find suitable Support & Resistance levels.

As to my live account on my profile, I;m afraid not. I used to have it on here, but got so many "questions, ""comments" and "suggestions" as to my live account and the way I trade, that I took it down again. Just a personal preference. And Yes I do trade live, and No I don't claim to have a perfect trading record. I take losses just like any sensible trader would. But I did gain enough experience, from loosing money, blowing up accounts, making stupid mistakes, to realize that the most important aspect of trading is managing Risk and Money.

Anyway, I appreciate you comments, and like I said, you are right in saying that most swing traders analyze and trade the Daily, and indeed I do most of the time. For the sake of a good example of what my approach is looking for trade setups, I quickly scanned my charts for a good example of a Support/Resistance level with a valid trade setup. If you examine the chart I attached you will see that that trade setup would have hit it's target 3-6 days after entry, depending on which one of the two entry points you chose.

Best regards!

Hi @JacoAF
Thanks for reply. I love your statement here "most important aspect of trading is managing Risk and Money".
Only experienced trader will said MM is important. And based on your comment above, i know that your trading is well now. No need to show off. Traders always condemn others trader strategy.
Thanks for your comments bro. I hope we have a best profit in Fx trading.

Regards.

No doubt; money management is very much important! Basically, without having a good money management plan no one can exists here for a long time.

JacoAF posted:

Nasrul_Swing posted:
Dear @JacoAF , i thnik it is better for you to show us the real account of your trading at your profile, at least we can alert on your comment here. Comment without proof is nothing for me.

Swing traders mostly did the analysis at Daily timeframe at least. H4 normally use by Intraday traders. Never heard swinger using H4 so far. Or maybe after you attached your real swing account on your profile, then I believe.

Anyway, thanks for your deep analysis.

Hi Nasrul,

I agree with you that "most"swing traders trade analyze and trade the Daily/Weekly charts, but I have to respectfully disagree with your statement that you cannot swing-trade the 4-Hour charts.

Here is the definition of Swing-Trading according to Investopedia:

========================>
"What Is Swing Trading?
Swing trading is a style of trading that attempts to capture gains in a stock (or any financial instrument) over a period of a few days to several weeks. Swing traders primarily use technical analysis to look for trading opportunities. These traders may utilize fundamental analysis in addition to analyzing price trends and patterns."

Swing Trading Explained
Swing trading involves holding a position either long or short for more than one trading session, but usually not longer than several weeks or a couple months. This is a general time frame, as some trades may last longer than a couple of months, yet the trader may still consider them swing trades.

https://www.investopedia.com/terms/s/swingtrading.asp

========================>

So the basic principle of Swing Trading, in my humble opinion, is entering a trade/position and hold it for several days to weeks or even a month or two.

Yes, I did use a 4 Hour chart to illustrate my point, and yes I do trade 4 Hour charts in a swing trading style, just as I do with Daily charts, and sometimes even weekly charts. I have to admit, that when I "trade" 4 Hour charts I mostly do my analysis on the Daily chart to find suitable Support & Resistance levels.

As to my live account on my profile, I;m afraid not. I used to have it on here, but got so many "questions, ""comments" and "suggestions" as to my live account and the way I trade, that I took it down again. Just a personal preference. And Yes I do trade live, and No I don't claim to have a perfect trading record. I take losses just like any sensible trader would. But I did gain enough experience, from loosing money, blowing up accounts, making stupid mistakes, to realize that the most important aspect of trading is managing Risk and Money.

Anyway, I appreciate you comments, and like I said, you are right in saying that most swing traders analyze and trade the Daily, and indeed I do most of the time. For the sake of a good example of what my approach is looking for trade setups, I quickly scanned my charts for a good example of a Support/Resistance level with a valid trade setup. If you examine the chart I attached you will see that that trade setup would have hit it's target 3-6 days after entry, depending on which one of the two entry points you chose.

Best regards!

I agree with you.

this is great, have learnt alot from you guys, thank you.