Swing trading strategies

AniLorak posted:
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.

The idea of the money management is to remain solvent as long as the big move comes :)

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 remember I read while doing one of my studies(googling) that one should look for daily chart, since that is how the big players work.
If one looks for EURUSD it can be seen that in weekly time frame it is bearish. However, I am currently in long position, since I think it can be traded both ways. I think EURUSD is currently in so called ranging-trending market condition. I started too early, and my S&R analysis did not work. It would have helped, if I had opened a much smaller position. I'll see how it works out this time.

I think, too, that there is no fixed rule in which time frame to execute entries and exits. In technical language there is a condition in sampling, which is called aliasing. It means that minor signals are overshadowed if the sampling frequency is too low. So, multiple time frame analysis, weekly - daily - 4H and even 1H, as applicable.

There is nothing wrong trading noise (1min to 1H), but then it is a completely different trading style, and it has apparently a different set of rules.

niceGLer posted:

AniLorak posted:
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.

The idea of the money management is to remain solvent as long as the big move comes :)

Exactly it is! In addition, here money making is not the main challenge; the challenge is existing here for a long run; in this case, money management is the major.

swing trading is the only type of trading that I have found to work. I was on the M15 then hourly and just had loss after loss then I tried the exact SAME strategies on the daily and they work. I've made small but steady profits. Going swing trading was the best thing I ever did

NileCandles posted:
swing trading is the only type of trading that I have found to work. I was on the M15 then hourly and just had loss after loss then I tried the exact SAME strategies on the daily and they work. I've made small but steady profits. Going swing trading was the best thing I ever did

Same goes to me. Since I used daily timeframe, my result much better.
However, swing trading will be very bored. Not much new trade, less time looking on chart, and need much time waiting for take profit. This is based on my swing trading now.

Anyone swing trading here using daily timeframe?
How was your last month trading?
Market did not have any big movement and I feel bored waiting price hitting my target. Hopefully this month have big move and not blown away my account 😂

Nasrul_Swing posted:
Anyone swing trading here using daily timeframe?
How was your last month trading?
Market did not have any big movement and I feel bored waiting price hitting my target. Hopefully this month have big move and not blown away my account 😂

The day before yesterday (Wednesday, first of May), there was this FED interest rate decision day. USDCHF had been sinking all day long, daily chart showed that I should short, for several days it had been like that. I waited over the the interest rate decision, which was unchanged. I waited appr. half an hour, and went heavily shorting. Bang! Within next ten minutes there was a 60 pips move up, and I was on the wrong side. I'm questioning my sanity now 😕

So, even daily charts can be misleading.

Today, there is this Non Farm Payrolls day. Maybe these are the reasons for the quiet past weeks?

@niceGLer are you sure you are swing trader?
If you short based on Daily chart, your SL should not wipe yet. The price still not break previous high yet.
I'm selling USDCHF also, the price is still ranging for me. I hope it make clearance once NFP out.

Nasrul_Swing posted:
@niceGLer are you sure you are swing trader?
If you short based on Daily chart, your SL should not wipe yet. The price still not break previous high yet.
I'm selling USDCHF also, the price is still ranging for me. I hope it make clearance once NFP out.

No, I'm not really a swing trader. I'd like to be one, because of the time available. Every time I try to transition into swing trading I blow my tiny account. I made my decision to close my position with a heavy loss.

niceGLer posted:

Nasrul_Swing posted:
@niceGLer are you sure you are swing trader?
If you short based on Daily chart, your SL should not wipe yet. The price still not break previous high yet.
I'm selling USDCHF also, the price is still ranging for me. I hope it make clearance once NFP out.

No, I'm not really a swing trader. I'd like to be one, because of the time available. Every time I try to transition into swing trading I blow my tiny account. I made my decision to close my position with a heavy loss.

Yeah it's tough Swing Trading on a small account. You have to be the MOST patient person in the world to swing trade a micro account. When I really started to understand trading I tried all kinds of strategies. Scalping 5 minute charts wrecked me emotionally. Swing Trading Daily/Weekly charts was way too slow for my $500 micro account.

I ended up with a Breakout strategy where I traded 30 minute and 1 hour charts. It was a simple but effective strategy where I would mark the daily range of the previous day, and then wait for the market to break out of the range, re-test and reject coming back into the range, and then place an order.

My golden rule was placing my stop-losses 20 pips inside the range and aim for a 2:1 risk/reward target. This helped me over the course of three years to build my account to almost $3000, from which point I started proper swing trading, sometimes I even 'swing-trade' the 4 hour charts, but mostly the daily charts.

I'm fortunate to be able to work for myself doing software/web application development, so I can peek at my charts every now and then. But hang in there man, find an intra-day strategy that works for you, and just be patient. Keep your cool, protect your account and in time you start reaping the rewards.

Good Luck Traduing!

@JacoAF you just made $3k from $500 in 3 years? Are you kidding me?
You said you are using intraday strategy which more faster profit than swing trading. But it seems it much slowest profit to me.
I got friend using swing trading here, he made from $1k to $140k within 2 years. Yes, definitely he started with high risk MM and slowly reducing the risk once balance grow to certain amount.

Swing trading very suit to my style as I just a part time trader. I'm still working with my company and fx trading did not disturb my working day.

I'll say, because I do not have much credit on this subject, but I suggest that much attention has to be paid on the currency pairs traded. For example, USDJPY, and USDCHF seems to be tricky ones. Seems that the moves are stable only in higher time frames, say D1 and weekly time frame. That is way too slow for me, too. However, there are currency pairs, which have nice smooth behavior in lower time frames, such as H1 and H4.

@niceGLer In Jan 2019, i made more than 6,000 pips. I know, it the lowest pips ever. Only swinger had that patience 😂

Nasrul_Swing posted:
@niceGLer In Jan 2019, i made more than 6,000 pips. I know, it the lowest pips ever. Only swinger had that patience 😂

I suppose that fluctuations in price can be smoothed out by diversification in time. Right? But then again, it requires much more money than a micro account.

@niceGLer yes and not. Sometime, not all the price that we want can be achieved. We need a proper trading plan to exit also. The leverage that given by the broker we can use it wisely. Even though they provide a bigger leverage, we need to build our money management to stay longer in the market. Yes, invest with small amount of money is nonsense if we trading on swing type but if you can't grow $100 to $1,000, don't dream to make $1,000 to $10,000.

@Nasrul_Swing Yes, you are right. My desire to swing trade stems from the fact that my day is disrupted every now and then, which hinders me constantly monitoring the prices all day long. I could invest more straight away, but I'm reluctant to do so yet, without certainty. My experiences, and the feedback I got from here gave me the confirmation, that it is impossible with my setup. It is completely different issue to lose a couple of hundred of bucks than thousands.

Conclusion: Stick with the lower time frames, just like the @JacoAF said.

Nasrul_Swing posted:
@JacoAF you just made $3k from $500 in 3 years? Are you kidding me?
You said you are using intraday strategy which more faster profit than swing trading. But it seems it much slowest profit to me.
I got friend using swing trading here, he made from $1k to $140k within 2 years. Yes, definitely he started with high risk MM and slowly reducing the risk once balance grow to certain amount.

Swing trading very suit to my style as I just a part time trader. I'm still working with my company and fx trading did not disturb my working day.

I'ts very true what you say. Taking an account from $500 to $3K in 3 years is very slow. But you must keep in mind, when I started I knew almost nothing of trading whatsoever. After my first two real accounts was blown in a very short time, I was an emotional wreck. In my case I had to practically 'go back to school' to research and learn what trading is really about. I never really understood WHY it is important to manage Risk & Money. So it took time, in my case A LOT of time to build my confidence, develop my own strategies and trading plan.

Not saying that you cannot make money faster the way I did it. I'm saying that it helped me get my self-confidence back and in the process I built up my account to be able to eventually switch to swing trading.

Anyway, as always I only speak from my own humbling experience as a trader. What worked for me may not work for others. And I certainly am no pro when it comes to trading. But I believe sharing my honest experiences as a new trader years ago, may just help others in some small way.

I use cycle analysis that I developed myself. Here is an example. Currently long eurnzd since last Friday and looking for a move higher till perhaps May 8

My analysis can be seen here.
I used history price, rsi, and fibo level to exit the trade.