Do you swing trade? Do you trade on 4-hourly time frame or higher and hold trade positions longer than 4 hours? For consistent trading success, you will have to track, stalk and trap the market. The focus of this thread is to share ideas, experience, strategies and approaches that help trap or beat the market in short to medium-term swing trading, including trading on HTFs and holding positions longer than 4 hours if the TP target or market condition requires it.
To define, watch, wait for, and trap the market is the heart of short term swing trading. In the context of swing trading, trapping or beating the market involves:
1. Clearly defining the significant zones or boundaries and conditions in which price action will be to bring in desired trade results;
2. Carefully reading and watching the market;
3. Patiently waiting for the right time and for all signals to align or fall in place; and
4. Decisively striking when the best opportunity to beat the market presents itself.
You will not get it right 100% of the time but you will have consistently good trading results to make you a successful trader overall. In a subsequent post I will address some aspects of the above four points the way I presently see them.
I trade primarily off the daily and 4-hour charts and my system is based on trading their turning points or zones mainly in terms of S/R and pivots using 10 and 20 EMAs, and RSI. I will present my approach and strategy to trapping the market as a short to medium-term swing trader and I will also share ideas, experience and trade charts.
I don't aim to use this thread to focus on teaching any specific trading system or strategy, a reason why I didn't open it under 'Trading Systems' section. Nevertheless, I don't want to get involved in debating the definitions or merits/demerits of swing trading. I see myself as a short term swing trader, holding more than 60% of my trading positions longer than 12 hours if my TP target or the market condition requires it and primarily trading off turning points on the daily and weekly TFs. I invite FF members who do swing trading of whatever hue - including trading on HTFs and holding positions longer than 4 hours when the TP target or market condition requires it, to share the strategies, approaches, rules, and techniques that they practice or know that work for them in achieving successful trading results. The posts may cover aspects of the four points itemized above or other aspects regarding their trading styles, systems, experience, methods, rules, strategies, etc.
This thread is not about scalping. I started Forex trading as a scalper in 2011 and in my four years as a scalper I didn't do well, blowing at least three live accounts in the process.
However, I have nothing against fellow traders who are scalpers and who are doing well with their strategies; only that the focus of this thread, and my present trading style which seems to suit my personality, is swing trading and trading on HTFs like 4-hours and higher - using such HTFs for trade direction and trade set-ups but not chasing the market; and holding trade positions for longer than 4 hours if the market condition or TP level requires it. This doesn't mean dropping down to a lower TF, e.g. 1-hour/30-minute, to fine tune trade entry will be out of place. But high-wired intraday trading will not fall under this category.
As for rules...No trolls, no scamming, no foul language. Just share your knowledge, experience, trades, rules, ideas, methods with respect and humility and avoid abusive or insulting language. If you subscribe to FF members' ethics you would be seen as a valuable contributor. This thread is not for the Forex 'gurus' or 'experts' who feel they know it all and believe they are always right, and who are not ready, willing and able to learn (particularly from those they see as 'newbies') or tolerate contrary views, analyses, strategies or approaches.
When you post charts, videos or other attachments, please include a brief explanation/ summary of what you are trying to convey; essentially explain any attachment or method a bit. Please, don't ask for my TE because I am not here to prove or sell anything; and the results I get from my trading are purely personal and I want to keep it so.
For me, the primary purpose of membership in FF is to learn and share ideas and experience for better trading results. I'm a learner, and I want to keep learning and sharing. If you are certain about what works for you in swing trading in the context of how this thread sees it, share it here. If you have experience of any swing trading system, rule, approach, method, or strategy that doesn't work for you, equally share it. So, let's focus on what helps us to better trap or beat the market. Let's collaborate to make our market-trapping or market-beating experiences count for consistently successful trading results. Thanking you all in advance for doing what the FF community is primarily all about: learning and sharing.
KP
To define, watch, wait for, and trap the market is the heart of short term swing trading. In the context of swing trading, trapping or beating the market involves:
1. Clearly defining the significant zones or boundaries and conditions in which price action will be to bring in desired trade results;
2. Carefully reading and watching the market;
3. Patiently waiting for the right time and for all signals to align or fall in place; and
4. Decisively striking when the best opportunity to beat the market presents itself.
You will not get it right 100% of the time but you will have consistently good trading results to make you a successful trader overall. In a subsequent post I will address some aspects of the above four points the way I presently see them.
I trade primarily off the daily and 4-hour charts and my system is based on trading their turning points or zones mainly in terms of S/R and pivots using 10 and 20 EMAs, and RSI. I will present my approach and strategy to trapping the market as a short to medium-term swing trader and I will also share ideas, experience and trade charts.
I don't aim to use this thread to focus on teaching any specific trading system or strategy, a reason why I didn't open it under 'Trading Systems' section. Nevertheless, I don't want to get involved in debating the definitions or merits/demerits of swing trading. I see myself as a short term swing trader, holding more than 60% of my trading positions longer than 12 hours if my TP target or the market condition requires it and primarily trading off turning points on the daily and weekly TFs. I invite FF members who do swing trading of whatever hue - including trading on HTFs and holding positions longer than 4 hours when the TP target or market condition requires it, to share the strategies, approaches, rules, and techniques that they practice or know that work for them in achieving successful trading results. The posts may cover aspects of the four points itemized above or other aspects regarding their trading styles, systems, experience, methods, rules, strategies, etc.
This thread is not about scalping. I started Forex trading as a scalper in 2011 and in my four years as a scalper I didn't do well, blowing at least three live accounts in the process.
However, I have nothing against fellow traders who are scalpers and who are doing well with their strategies; only that the focus of this thread, and my present trading style which seems to suit my personality, is swing trading and trading on HTFs like 4-hours and higher - using such HTFs for trade direction and trade set-ups but not chasing the market; and holding trade positions for longer than 4 hours if the market condition or TP level requires it. This doesn't mean dropping down to a lower TF, e.g. 1-hour/30-minute, to fine tune trade entry will be out of place. But high-wired intraday trading will not fall under this category. As for rules...No trolls, no scamming, no foul language. Just share your knowledge, experience, trades, rules, ideas, methods with respect and humility and avoid abusive or insulting language. If you subscribe to FF members' ethics you would be seen as a valuable contributor. This thread is not for the Forex 'gurus' or 'experts' who feel they know it all and believe they are always right, and who are not ready, willing and able to learn (particularly from those they see as 'newbies') or tolerate contrary views, analyses, strategies or approaches.
When you post charts, videos or other attachments, please include a brief explanation/ summary of what you are trying to convey; essentially explain any attachment or method a bit. Please, don't ask for my TE because I am not here to prove or sell anything; and the results I get from my trading are purely personal and I want to keep it so.
For me, the primary purpose of membership in FF is to learn and share ideas and experience for better trading results. I'm a learner, and I want to keep learning and sharing. If you are certain about what works for you in swing trading in the context of how this thread sees it, share it here. If you have experience of any swing trading system, rule, approach, method, or strategy that doesn't work for you, equally share it. So, let's focus on what helps us to better trap or beat the market. Let's collaborate to make our market-trapping or market-beating experiences count for consistently successful trading results. Thanking you all in advance for doing what the FF community is primarily all about: learning and sharing.
KP
Do your homework, follow the footprints of smart money
