Forex traders that decide to trade in a bear market are looking for a strategy or a way to make a profit when markets are falling. But, is it possible to swing trade in a bear market? It is. The most used strategy in bear market trading is the swing strategy. Traders that want to swing trade must first understand the swing trade meaning. Swing trade is a trading...
When we grow up we often look at disciplines as being behind an "education wall". While this might be the case, I believe being a trader is its own discipline and the education is vastly self-driven and done through the free university hosted by Mr Market.
Often times we find ourselves staring at the futures or the pre-market before the actual markets open. Is there a point?
And why does it matter whether we have an opinion about the futures or the pre-market?
📊 What Is Swing Trading? 📊
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Swing trading is a style of trading that attempts to capture short- to medium-term gains in a stock (or any financial instrument) over a period of a few days to several weeks. Swing traders primarily use technical analysis to look for trading opportunities. These traders may utilize fundamental analysis in addition to...
EURUSD started a strong bullish movement.
Multiple strong resistances are ahead.
Key levels based on 3 days chart analysis:
Resistance 1 - 1.11 level based on a resistance line of a major channel + horizontal 3 days/daily structure
Resistance 2 - 1.12 level based on a horizontal weekly/3 days/daily structure
Resistance 3 - 1.15 levels based on a horizontal...
👋🏻Hi, guys! 👋🏻
We continue talking about the types of trading. 👨🏻💻
🎯Today let's talk about SWING TRADING (especially for @monguilhot)
👉🏻Swing trading is based on the analysis of fluctuations in stocks, index and currencies, which last several days. 🌟 A swing deal can take up to several months.
👉🏻Unlike the intraday trader, the swing trader is unlikely gives...
Steps to Swing Trading:
1. Find a trend: uptrend in bull price action chart, or downtrend in bear price action chart.
2. Analyze the trend to find the best entry points on that trend. That means finding the HL higher low points in and bull market, and LH lower high points in a bear market. Look for HLs in a bull market, and LHs for a bear market.
3. Confirm the...
Today I wanna show you my USDJPY perfect entry long position. The first setup Take Profit is hit but on the larger time frame we are aiming for much more. Have a good trading week everyone.
