Mastering Swing Trading using Market Framework

All good info here boss. Not had too much chart time this week due to work but will be checking out BTC again this weekend. Have a good one guys. I have found an indi for TL approaching/crossing as well so will check that out as well.

GBPUSD 28 pips Target set at 30 pips,its Friday,not interested risking 1-2 pips, for day/night gain.

My few trades for the day on GU during my lunch break. I had the zone marked on the M5 and convinced myself that GU was heading down after the zone retouches X 3. Only one short was successful unfortunately. And then NFP arrived and killed 2 of my shorts. I feel progress is being made tho with the TL forecasting of the possible swing points. Just that alone is a big step in trading I believe.

hi,
Can you explain how to hedge a loss trade?

Quoting scsstnt

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THE DOLLAR INDEX IS DECLINING AMID WEAK LABOR MARKET DATA FROM ADP September started with renewed buying of tech stocks, which helped the Nasdaq index add 0.33% and close at a new peak yesterday. The Dow Jones industrial index decreased by 0.14%. The S&P 500 index stayed about the same. The national employment report from ADP showed that the US private sector jobs increased by 374,000 in August compared to 326,000 in July, which is much less than the forecast of 613,000. Such statistics have negatively affected the dollar index. Now, investors are...

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From your report, I can conclude that the best investment is gold.

I have buy pressure and sell pressure areas,thats why I focus on swings and many horizontal price lines,this will come with experience when you draw zones well enough to hold price and know when it invalidates such space,you are able to close a loss and recover when price moves within any area at ''X pips'' to recover the drawdown.This has never been thought in any published material I believe,since its a skill to develop naturally.

What I look for when trading any instrument is the affordability for my transaction,buy/sell.....overall cost from the broker,commission,spread,swap,manipulation during news widening spread and its ADR.I would like to only choose instruments with a minimum ADR 20 day range of minimum 100 pips/points in case of indices.Gold,I understand volatility times of the day for trading and its correlation abilities in relation to treasury bonds and DXY.I give traders solid information to go out there and become profitable,nothing here on my thread is for testing,it waste my precious time because I study price action seriously.

Saturday's trading,Deriv MT5 synthetic indices - Volatility 75 1s 5-10 pts scalping,currently 2 trades in DD,due to the only critical error and rule I broke today.

THE DOLLAR INDEX DECLINES AMID WEAK LABOR MARKET STATISTICS
Last week investors' attention was focused on Non-Farm Payrolls data. The labor market statistics were disappointing. The US economy added only 235,000 jobs in August (vs. 733,000 expected). This is a very sharp slowdown in the labor market. The main reason is the increase in the number of Delta cases. However, the data from the previous two months were revised upward, and the unemployment rate decreased to 5.2% (previously 5.4%). On the one hand, such statistics would be negative for the dollar index and positive for the stock market. On the other hand, the market sentiment is now sharply shifting towards further growth of the major US indices. Considering the strongest divergence with the technical indicators, which indicates the strong overbought market, such market conditions will put pressure on the growth of quotes. In other words, the growth of main indices is limited. On Friday, the main American indices failed to strengthen. By the end of the week, the Dow Jones index decreased by 0.2%, while the S&P 500 increased by 0.6%, and the Nasdaq jumped by 1.6%. It’s a Bank Holiday in the United States and Canada today, so with no important events in the European session, the trading day will be quiet.
The leading US infectious disease expert, Dr. Anthony Fauci, said that officials were likely to get regulatory approval soon to introduce the COVID-19 booster vaccines produced by Pfizer. Moderna is a bit behind in this regard. Last month, the Biden administration announced that it would begin offering boosters to Americans by September 20. A week ago, Israel began offering Pfizer's 3rd vaccine to people older than 12. Officials said the effectiveness of the second dose of Pfizer declines five months after the vaccination, requiring revaccination. A third dose restores the level of protection.
European stock indices also decreased, following the US ones. On Friday, the British FTSE 100 decreased by 0.36%, Germany's DAX 30 decreased by 0.37%, France's CAC 40 lost 1.1%, Italy's FTSE MIB decreased by 0.64%, and Spain's IBEX 35 lost 1.3%. The spread of Delta negatively affects business activity in the Eurozone, slowing the pace of recovery. After last week's poor inflation data, some ECB officials began calling for a reduction in the QE program. The ECB meeting on monetary policy will be held on Wednesday, so traders should not expect a strong increase in major indices until then.
At the close of the Tel Aviv Stock Exchange on Sunday, Israel's main index TA 35 added 0.33%, reaching a new all-time high. The Israeli index often reflects investor behavior after Friday and before the opening of trading in the United States. So it is very likely the major US stock indices will continue to rise on Tuesday.
In October, the Saudi state oil company, Saudi Aramco, said that it would cut prices on all oil varieties for buyers from Asia and the Mediterranean countries. Oil prices began to decline at the opening of trading on Monday amid this news. This suggests that Saudi Arabia is assessing the situation on the worsening prospects for global demand because of the new wave of COVID-19 in the world. On the other hand, the number of active oil rigs in the US decreased by 16 units (to 394) last week due to Hurricane Ida, which resulted in a slight decline in production.
Chinese Internet giant Alibaba will invest the equivalent of $15.5 billion over five years to the country's "general prosperity." The 100 billion Chinese yuan will be spread over 10 initiatives, including technological innovation, support of economic growth in China's less-developed regions, and support of workers and young entrepreneurs. The investment from Alibaba followed a similar $7.7 billion promise from Tencent. Both companies have previously been the focus of Chinese regulators. Many economists believe that this is a deal with the government to reduce the pressure.

It’s a Bank Holiday in the United States and Canada today.Without important events in the European session,the trading day will be "dead.”

Labor Day trading

I deleted the most recent post because that is scalping not related to these type of swing trading,as the thread describes from the start.

Hedging The war is over,only 0.04 remain sailing on the high seas,engines are off,the enemy is down,the aftermath of the battle.....heading back to base!

I'll be back!

Quoting scsstnt

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THE DOLLAR INDEX DECLINES AMID WEAK LABOR MARKET STATISTICS Last week investors' attention was focused on Non-Farm Payrolls data. The labor market statistics were disappointing. The US economy added only 235,000 jobs in August (vs. 733,000 expected). This is a very sharp slowdown in the labor market. The main reason is the increase in the number of Delta cases. However, the data from the previous two months were revised upward, and the unemployment rate decreased to 5.2% (previously 5.4%). On the one hand, such statistics would be negative for the...

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The graph is steadily going up. We should expect an increase in the value of bitcoin.

I don't trade crypto,but I can give you analysis....no problem

VOLATILITY IN THE FINANCIAL MARKETS DECREASED AHEAD OF CENTRAL BANK MEETINGS IN AUSTRALIA, CANADA, AND EUROPE
US stock exchanges were closed on Monday due to the banking holiday.
European stock markets ended with strong gains yesterday. European technology stocks reached a 20-year high and the Stoxx 600, the main European index, increased by 0.7%. Britain's FTSE 100 added 0.7%, France's CAC 40 increased by 0.8% and Germany's DAX jumped by 1%. Italy's FTSE MIB added 0.8%, Spain's IBEX 35 increased by 0.2%. Rail traffic in Germany has been limited for the fifth day because of a train drivers’ strike: Deutsche Bahn was able to provide only 30% of its long-distance and 40% of its regional trains on Monday. This is the third strike this year, and the parties cannot find a compromise. At the same time, the volume of new orders from German industrial enterprises increased by 3.4% in July compared to the previous month and was the highest since the data began to be tracked.
The famous airline Ryanair has abandoned its plans to buy Boeing 737 Max 10 planes. The reason is the too high price of the airliners. Ryanair is now considering options with the purchase of competitive aircraft from Airbus.
Gold prices are slowly but surely rising. From a fundamental point of view, the soft monetary policy contributes to the growth of precious metal prices. Therefore, gold and silver prices tend to rise before the announcement of the "tapering" (QE program cutting).
The price of aluminum jumped to a maximum of more than 10 years against the background of the state coup in Guinea, which put under threat the supply of the metal from that country.
Oil prices fluctuated around $70 per barrel of the WTI brand. The situation in the oil market remains uncertain. On the one hand, oil prices are affected by a slowdown in demand in Asia and the US, amid a growing number of Delta cases. On the other hand, global demand for oil is still significantly higher than the supply, which should contribute to the growth of prices.
China's trade surplus surged to $58.34 billion, the highest since January. Exports increased by 25.6% compared to the previous year, and growth in July was 19.3%. Imports increased by 33.1% year-over-year and exceeded analysts' expectations, who had expected negative data because of port closures due to COVID-19.
The Reserve Bank of Australia (RBA) kept interest rates at record lows and left monetary policy unchanged. Previously, Australia had intended to begin cutting stimulus from September this year, but the economic recovery was interrupted by the Delta outbreak and restrictions imposed across the country. The country's GDP is expected to fall substantially in September and the unemployment rate is expected to rise in the coming months.