Time to work for McDonalds?
Here's how I Swing Trade:
1. No indicators, just making good old trendlines and key levels.
2. Once a key level is hit, Remember Long on Support, Short on Resistance.
3. Then confirm by looking for a Trend break. Why did you make a Trend if you're not gonna use it?
4. Finally look for a higher high or lower low for trend reversal.
5. Limit order not market order on the last highest or lowest candle
6. Target Risk to Reward of 1:2 but 1:3 is the next target, if this is not possible, don't risk it, find another opportunity.
1. No indicators, just making good old trendlines and key levels.
2. Once a key level is hit, Remember Long on Support, Short on Resistance.
3. Then confirm by looking for a Trend break. Why did you make a Trend if you're not gonna use it?
4. Finally look for a higher high or lower low for trend reversal.
5. Limit order not market order on the last highest or lowest candle
6. Target Risk to Reward of 1:2 but 1:3 is the next target, if this is not possible, don't risk it, find another opportunity.
Comment:
Patience. ONLY TRADE ON A KEY LEVEL. That's why it is called SWIING TRADE. You don't swing in the middle.