Swing Trading on the Daily Chart

Can we stop derailing this gentleman's thread

said what I said - stand by it - I'm done - unless AND until proven otherwise

not gonna hold my breath

RN

 

Forex for now.

 

How long is the holding period? For simplicity and large cap, all I need is MACD and 50 over 200 cross.

 

I want to ride my profits with a trailing stop loss, so as long as I can until the price reverses enough to stop me out.

 

you need a profit target to set the trailing stop.

if not in a hurry, just check the macd 4 hr or daily, above or below zeor and macd vs macd average line, can't make every single penny.

 

Weekly chart of 30-year bond futures:



Looking for 10 to 13 handle rally from here. Stop is new lows. If we've seen the highs in yields, the rally could go a lot farther than 15 handles. I'm using ZBZ (December contract).

 

Hard to say, I am in red for zt September, next two days is the expiration date so I have to take losses and roll to December.

 

Understand price action and market structure,
and all you need is a volume based chart.

If you depend on indicators you'll be like most
who can't determine short term direction, or
a reversal from a pull back.

VOLUME is King

 

There are a 1000 and 1 ways, but only you can figure which is .... the 1.

 

You are not a Turtle or a trend follower.