[postlink]http://onlinemoviesyoutube.blogspot.com/2011/10/forex-swing-trading.html[/postlink]http://www.youtube.com/watch?v=UP5a0jCh3_Yendofvid
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Armed with a solid swing trading system is the KEY to ensuring you have a swing trading edge. I have made many videos posted on my blog that highlights that. If you would have caught my swing video on the weekend, you bank 196 pips by following it (owners club members only. This video covers a small basket of pairs and how to trade them with the UST. You can even get into a swing that has already triggered......all shown in this video. Enjoy!
Swing System:
Trading System:
free Webinar:
[starttext]
Armed with a solid swing trading system is the KEY to ensuring you have a swing trading edge. I have made many videos posted on my blog that highlights that. If you would have caught my swing video on the weekend, you bank 196 pips by following it (owners club members only. This video covers a small basket of pairs and how to trade them with the UST. You can even get into a swing that has already triggered......all shown in this video. Enjoy!
Swing System:
Trading System:
free Webinar:
The goal of swing trading strategies is to enter high probability trades in the direction of the major trend. Swing traders typically do not counter-trend trade, or go against the flow. By going with the major trend, you are following the smart money. Following the smart money greatly increases your chances of placing winning trades. There are three main processes of any swing trading strategy.
Step 1: Identify the Trend
Trades should ideally only be placed in the direction of the main trend. Trends can be identified using a variety of different tools from price action to indicators (Visit trend identification).
Step 2: Wait for a Pullback
Once the main trend has been identified, you should be waiting or looking for some kind of pullback. Swing traders want value, they are looking to enter a trade when they believe the market has dropped down in price to a level that they see as good value before entering. By trading pullbacks to an area that offers better value, swing traders once again increase their odds of entering a profitable trade by making sure they get in at a good price.
Step 3: Place the Trade
With the trend correctly identified price at a level which is in your favour, you can now place your trade.
It may sound simple, but this is exactly what the major banks and market movers do. This is how they manage to stack the odds in their favour and survive longer in the markets and make more money than 90% of other traders.
[endtext]Step 1: Identify the Trend
Trades should ideally only be placed in the direction of the main trend. Trends can be identified using a variety of different tools from price action to indicators (Visit trend identification).
Step 2: Wait for a Pullback
Once the main trend has been identified, you should be waiting or looking for some kind of pullback. Swing traders want value, they are looking to enter a trade when they believe the market has dropped down in price to a level that they see as good value before entering. By trading pullbacks to an area that offers better value, swing traders once again increase their odds of entering a profitable trade by making sure they get in at a good price.
Step 3: Place the Trade
With the trend correctly identified price at a level which is in your favour, you can now place your trade.
It may sound simple, but this is exactly what the major banks and market movers do. This is how they manage to stack the odds in their favour and survive longer in the markets and make more money than 90% of other traders.
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