Swing Trade set ups

Discussion in 'Strategy Development' started by jrlvnv, Apr 28, 2006.

  1. jrlvnv


    Looking for a few ideas on how to get started on swing trading. What kind of setups do some of you like to use? Can anyone point me in some sort of direction? Thanks to all that reply
  2. Hi jrlvnv,


    For swing trading, I recommend using chart intervals that are 15min and higher...as high as a monthly chart if a pattern appears via such.

    However, the higher the chart frame the longer you should plan to hold the trade...depending upon when profit targets are reached or when stopped out of the trade.

    Also, you can really juice up your swing trading via some high probability trading by only taking pattern signals that only appear during market seasonal patterns.

    Simply, you will only be swing trading during certain periods of the trading year and studying (no trading) the markets or trading with a much smaller position during the other periods of the trading year.

    In addition, for advance trading...for those that are also profitable day traders...you can manage your swing position via day trading a different trading instrument with similar like price action.

    Note: Attached chart has a pattern signal from the above thread along with it occurring during one of S&P 500 market seasonal patterns of Oct - Nov.

    I know a few professional traders that went Long on that particular trading day as annotated on that chart and they are still Long in trading instruments with similar like price action as the S&P 500 Index.

    (a.k.a. NihabaAshi) Japanese Candlestick term