Misconceptions about Swing Trading | Forex Factory

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Misconceptions about Swing Trading

  • #1
  • First Post: Mar 28, 2018 4:49pm Mar 28, 2018 4:49pm
Many "gurus" say swing trading is related MOSTLY to the trade duration. well that doesn't make ANY sense IMO.

A swing trader tries to catch swings, and swings can last a couple hours or even days. but it's the frequency of trades on the same instrument/pair that makes the real difference.

would you agree
  • #2
  • Mar 28, 2018 5:08pm Mar 28, 2018 5:08pm
Quoting HeyYou
Many "gurus" say swing trading is related MOSTLY to the trade duration. well that doesn't make ANY sense IMO.
Agreed. It doesn't make sense because it's nonsense. The notion that the minute the clock ticks from 7 hours 59 mins to 8 hours suddenly turns one into a "swing trader" is one of many ridiculous falsities wasting retail traders' time and energy.

Quoting HeyYou
it's the frequency of trades on the same instrument/pair that makes the difference. would you agree
Broadly yes I would agree. I trade the fundamental supply/demand curve, i.e. aiming to catch the fresh primary swing points on M1 charts. In that respect I consider my methodology to be that of "swing" trading. Currently taking between 2 and 3 trades per day, always open and close during the same LDN/NY session. Each trade lasts anywhere between 30 minutes and a few hours.
  • #3
  • Mar 28, 2018 5:19pm Mar 28, 2018 5:19pm
Quoting simond2002
{quote} Agreed. It doesn't make sense because it's nonsense. The notion that the minute the clock ticks from 7 hours 59 mins to 8 hours suddenly turns one into a "swing trader" is one of many ridiculous falsities wasting retail traders' time and energy. {quote} Broadly yes I would agree. I trade the fundamental supply/demand curve, i.e. aiming to catch the fresh primary swing points on M1 charts. In that respect I consider my methodology to be that of "swing" trading. Currently taking between 2 and 3 trades per day, always open and close during...
In fact we must define a "swing" first, there's no official definition. I would say an IMPORTANT swing occurs 1-5 times a month, but it can last minutes if there's strong momentum (acceleration over TIME).
  • #4
  • Last Post: Mar 28, 2018 6:11pm Mar 28, 2018 6:11pm
Quoting HeyYou
{quote} In fact we must define a "swing" first, there's no official definition.
My side I generally classify a swing as something manifest in price structure and time-frame specific. M1 primary swing points above and below current price marked in the screen grab below (there are some swing points in between but I see these as noise and have removed them from this image):

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