This thread is for the techniques about swing trading. First, here is a quote from LBR's homepage (http://www.lbrgroup.com/index.asp?page=SwingTrading): "Basic tenets of swing trading: During strong trends, we use retracement swings to enter in the direction of the trend. These points are also referred to as 'pullbacks' or 'dips' in an existing trend. When a new momentum high is made, we look to our highest probability trade, which is to buy the first pullback. When a new momentum low is made, we look to sell the first rally. We continue trading in the direction of the main trend until there is a buying or selling climax, or a failure test. A failure test would be the most aggressive type of trade entry when swing trading. A retracement in a trend would be the most conservative. Pattern recognition is used to determine the trend and also to define a 'failure test.' Experienced swing traders always look to trade in the direction of the higher-time-frame trend, while using the lower time frame patterns to determine risk and entry. "