swing and position trading

Discussion in 'Strategy Development' started by traderix, May 7, 2006.

  1. traderix

    traderix

    After 5 years of day trading, I´d like to change for swing trading ( position for a few 2-3 days ) as I cannot spend all the day at my pc anymore (new job).
    I know that I have to change many of my parameters and my strategy (breakout).
    So, my question: is here any trader holding positions for 1 - 3 days and which strategy is most suitable for swing trading??
    Where could I get GOOD information about swing trading strategies?
    Thank you for your help

    Daniel
     
  2. (1) Look for breakouts of bull-(bear)flags in rising-(falling) markets as an entry technique. (2) Be cognizant of seasonal and time-cycle factors. (3) From a Market Profile perspective, be aware of markets that had "initiating range extension" during the day. They tend to have some follow-thru the next day.