The Forex Scalpers The Key of Swing Trading

Swingtrading is a great way of trading you are in the position to keep trades longer, which means that it is less stressful to trade. you use higher targets both in the TP / SL. Just like a scalp trader holding a tight risk management is a swing trader in the possibility of risking something more for an excellent win rate 1: 1 where the scalper risks 10 pips and get 10 pips, the swinger is in a position to risk 50 pips for a win rate of 100 pips. it is entirely up to your own trading style and what suits you best. in this pdf I will give you a few examples of how you can properly swing entrys and what you risk.

It is therefore very important to choose the right trading pairs. I therefore advise you to focus on 1 to a maximum of 3 pairs. one of the best pairs to focus on swing trading are anyway major pairs audusd gbpaud these two pairs move fairly quietly and are therefore nice to keep for the longer term. eurusd and gbpusd are also fine couples to trade. usdcad is also a good pair to trade but it can be very agile during news updates you can find in the website of forexfactory.com. Regarding the yen pairs, usdjpy gbpjpy and cadjpy are also very nice pairs to swing. here too, the cadjpy can be very agile and the naughty sister of usdjpy GBPJPY is also very moving. make sure you trade from the higher time frame trade as swing trader the weekly daily and 4 hours zone to zone.

The time frame you use as swingtrader.
As a swingtrader, you only need the higher timeframes in which the scalper also uses the higher time frames but eventually makes entries on the lower time frames 15 / 5m even the 1m time frame is used by some scalp traders. The swinger ultimately only has its focus on the weekly daily h4 and h1. It is important to make your price zones on a higher time frame. The scalp mainly uses the h1 and h4 for zones where the swingtrader has to do the zones on weekly daily and h4. then wait as a swing trader for full breakouts on the 4 hour daily and weekly. Below you can see a number of examples of the usdcad and audusd.

Above you look at the usdcad on the daily time frame as you can see I have the support and resistance also drawn (the red lines) based on the daily time frame also all price zones you see here are based on the daily time frame. these zones and the support and resistance lines are strong price levels wait for full breakouts or rejections. patience is key ... wait until daily or 4 o'clock of candles then also close above this price level if you look to the left you see that these price levels zones are support and resistance respected levels. if these price levels break then it is also most logical to bring the banks and instutions buy or sell orders into the market with billions of dollars which brings the result that the price push to the next zone BUT do not be stingy and try to grab a piece of this range as you can see usdcad between these 2 ranges 300 pips it is also quite good to grab 50 to 100 pips it will cost you a few days but it will eventually pay out. be patient and make sure you follow your plan if your plan says to take take profit with 50 pips and risk 50 pips you keep that plan because it is the only possible way to succeed in the journey of forex.

Above we look at the audusd generally a very nice and relax pair that respected there price levels very nice it is not the fastest one but a nice pair to achieve good profits in the long run.

Also like the usdcad, we have audited all zones and support and resistance based on the daily time frame. as I highlighted the breakout is that a nice moment to buy price pushes through daily zones if you look left you see that we have it once before after a few weeks we are back at the next price level and finally break a buy entry will they be here instead? because we have broken this price level and most logically the price will push through to the next zone because the price is trending and we have relocated it once in the past so we have enough buy orders in the market at the moment by pressing to the next zone. if you look down you can see that we have enough information bulish candle sticks to say that price is in heavy momentum.

Audusd daily again As you can see on the top picture we were right there were enough buy orders in the market and we took the breakout. resulting in 5/6 days time a push of 120 pips as I mentioned earlier if your target was 50pips you had reached after 2/3 days and your take profit was reached. your stop loss will be below the breakout 40 pips stoploss zone with a result of 50/60 pips. a perfect example.

We also had the advantage that the ema 14/50 crosses which was a good indication that the price will push through to the next zone. use it as confluence dont focus full on the emas it's still a indicator and as we all know we are naked chart / price action traders. we use indicators as little as possible but it is good to add ema as the only indicator ema 14/50/200 the higher the time frame the stronger the indication that a trend change arrives take into account the retests on the 14 ema it works like a kind of magnet the price comes back again and again to retest / touch the ema. find more about this in my pdf the magic of the emas.

Above an example of an aggressive pair with a very high daily pip range gbpjpy as we can see here everything is based on the daily time frame. zones and support and resistance. possible breakout is always looking left and see what happend in the history. because the past repeats itself. it is how the banks see it globally are the ones that push the price with billions per day in and out.