Swing Trading Plan » Profitable http://www.swingtradingplan.com Mon, 28 Mar 2011 13:41:08 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Simple Tips to Finding Profitable Swing Trading Markets http://www.swingtradingplan.com/simple-tips-to-finding-profitable-swing-trading-markets/ http://www.swingtradingplan.com/simple-tips-to-finding-profitable-swing-trading-markets/#comments Tue, 14 Dec 2010 13:51:44 +0000 James Johnson http://www.swingtradingplan.com/simple-tips-to-finding-profitable-swing-trading-markets/ Swing Trading
by Paul Russell

There are a seemingly endless number financial markets around the world that can be traded. Thanks to the advances in technology and computing power over the years, traders now have at their finger tips more markets to trade than ever before. Perhaps the best trading style that a trader could ever use with all these markets is that of swing trading. Swing trading is the only style of trading which reduces the risk a trader faces while at the same time offering a high rate of return. Swing trading is not limited to any specific market and can be used on any market around the world. Does this mean that all and any markets can be traded equally well using this style? Unfortunately, no. However, there are two factors that you as a trader can look for to make sure that a market is best suited to swing trading so you can swing trade with maximum profit potential.

First, to swing trade a stock or other financial instrument it must show signs or have a tendency to trend. Part of the reason why swing trading is such an effective trading style is because a core principle of how it works is that trades are placed in the direction of the major trend. If you aren’t trading a market that has a trend then you are lacking a crucial component of this trading system. There are markets where there seems to be no trend with price jumping up and down with almost no reason as to why. Many markets move sideways without ever really showing a clear and definable trend, or at least not one that is tradable. Without price trending it makes it near impossible for swing traders to take tradable chunks or slices out of the market. Swing traders need a stock that trends or typical trends more than it moves sideways. This is necessary for you to be able to take slices out of the market with your trades.

Secondly, the stock must not be too volatile. Volatile stocks, while offering the potential of a good income if you happen to be on the right side of the trade, make it difficult to swing trade. Volatile markets jump around without almost no warning and this makes it extremely risky and dangerous for any trader no matter what style of trading they use. Another core component of swing trading is that it is a medium term trading style where trades are usually held for several days. Swing trading takes time and as a result if a stock moves too fast or too abruptly in any one direction, it does not give you time to plan your entry and exit. The best kind of market to trade is one that is traded heavily with price moving in fluid waves instead of knee jerk movements.

Anyone can swing trade stock as long as they first make sure that it is one that tends to trend more than it moves sideways and that it does not move abruptly or erratically without explanation. Keeping this in mind will help you to gain an edge over other traders and be profitable at swing trading.

Gain a true trading edge with Swing Trading by simply visiting this website today to Learn How to Swing Trade and discover what the most powerful Swing Trading Strategies are.


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Most investors know that highly profitable trading methods employ a number of technical analysis tools. Unfortunately, choosing the right ones is easier said than done. In Technical Analysis Tools, professional trader Mark Tinghino cuts through the clutter. First, he demystifies the essential technical approaches such as chart patterns, indicators, Market Profile, and Elliott Wave. He also introduces a new instrument of his own: the cyclical model, which help… More >>

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]]> http://www.swingtradingplan.com/marc-rivalland-on-swing-trading-a-guide-to-profitable-short-term-investing/feed/ 0 Currency Swing Trading – a Simple Profitable Swing Trading System for Novices http://www.swingtradingplan.com/currency-swing-trading-a-simple-profitable-swing-trading-system-for-novices/ http://www.swingtradingplan.com/currency-swing-trading-a-simple-profitable-swing-trading-system-for-novices/#comments Wed, 20 Jan 2010 18:05:40 +0000 James Johnson {You might be aware that, I am constantly on the lookout for excellent articles on Swing Trading, realizing that complete information is required to learn how to swing trade. |One of the things I like to do for my readers is provide the best content on Swing Trading, Day Trading and the techniques involved.|In order to be a good swing trader its critical that you understand how the markets move, I am always searching for good articles to post on my site.|Over the years I\’ve learned that to be successful at swing trading you need to have a good understanding of what the market is doing and how to take advantage of it, my goal is to provide you with the most current information.} {Now, I happened upon a really good article that discusses Swing Trading in easy to understand language.|Today I ran across this very interesting piece and thought I would pass it along to you.|While surfing the net I found this on trading that I thought would be good to pass along.|One thing about the internet, there is plenty of good information on trading out there, here is somthing that should help you.} {Make sure you look into this and inform me about what you think.|Take a look and let me know how you liked it, the feedback helps me provide you what you are looking for.|Do not skip this one…be sure to let me know what you thought about it.|Be sure you check this one out, I\\\’ll get something out of it to make your trading more profitable. } {This article will help learn trading techniques and strategies that will put you on the path to success.|This is an introduction into trading that should help improve you trading techniques and strategies.|I firmly belief that to trade successfully, you have to have a plan to be successful, this piece should get you started.|What I seek to do now is to provide the best education to all my readers, I hope this helps you improve your trading.}

Currency swing trading is easy to learn and can be very profitable. Here we will look at how to put together a currency swing trading system which can help you build big consistent gains, even if you have never traded before.

Why is swing trading so good for novice currency traders?

The answer is – it requires less discipline than long term trend following. You get lots of trades and profits and losses are banked quickly; this suits the trader who isn’t patient or lacks the discipline to sit on trades for a long time.

What exactly is currency swing trading?

Swing trading takes advantage of over bought and oversold levels within the major trends and you swing trade between these levels of support and resistance. Trades typically last a few days to a week.

Let’s now look at this great way of trading and how to incorporate it in your forex trading strategy.

How to swing trade correctly

With swing trading you need to look at price momentum and determine if support or resistance levels will hold. For example, if a price comes to support you wait to see if it will hold and then take a long position and bank it before it hits resistance.

You have to determine if levels will hold and here it is important to determine if price momentum is turning up above support – this is when you want to execute your trading signal. For this you need to use some momentum oscillators.

If you don’t know what they are they are leading indicators that simply tell you the velocity and momentum of price.

Great Swing Trading Indicators

Two great ones for swing traders are the Relative Strength Index (RSI) and the stochastic indicator. We use these in our swing trading strategy to execute our trading signals and it works very well. There both visual indicators and you can spot set ups instantly – there explained more fully in our other articles so look them up.

Stop Levels

When you execute a trading signal you simply put the stop behind the level you’re bouncing off and then take your profit as you come into resistance for your trade.

Profit Taking

In swing trading your aim is not to hang on to the trade and trail a stop but to have a profit target and bank it – hang on to long in swing trading and your profit will disappear.

Does the above sound simple?

It is – but don’t let that deceive you it works. I have been using a simple currency trading system based upon the above for 20 years and made a lot of money with it and you can to.

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]]> http://www.swingtradingplan.com/currency-swing-trading-a-simple-profitable-swing-trading-system-for-novices/feed/ 0 Swing Trading Strategies – How to Find Profitable Swing Trading Strategies http://www.swingtradingplan.com/swing-trading-strategies-find-profitable-swing-trading-strategies/ http://www.swingtradingplan.com/swing-trading-strategies-find-profitable-swing-trading-strategies/#comments Wed, 09 Dec 2009 11:13:19 +0000 James Johnson http://www.swingtradingplan.com/?p=170 How can you identify a good swing trading strategy? Before you can begin to trade effectively, you must be sure and certain that the trading style or strategy you are using is one that gives you an edge or advantage over the market. Is this edge or advantage that can make the different between an extremely profitable trader and one that gives up due to suffering loss after loss. Are any swing trading strategies better than others? Are there any key points that a trading strategy must address to truly be considered good? If you can answer these questions, then becoming a profitable swing trader is within your grasp. Perhaps the best trading strategy for swing trading is one that utilizes the most powerful and unique aspect of swing trading. Any good swing trading strategy must take advantage of trends and use pullbacks and rallies to give a trader a chance to get into the market.

The most important element of swing trading is trend identification and trading only with the trend. In fact, this is true for any style of trading and any financial instrument or market. What makes a trend so important for swing trading or trading in general? It is widely believed and said that the smart money is the trend and by following it you stand to win more than you lose. While the average Joe is buying at tops and selling at bottoms, the smart money knows seemingly almost in advance where these tops and bottoms are and avoids them and the losses, unlike the average Joe. This makes sense then that the most reliable trading strategy is one that goes with the trend. Trading with the trend and not against it is the simplest way to gain a true trading edge while increasing your hit ratio. This sounds simple but amazingly many traders continue to go against the trend. They see opportunity in the market, or believe they do, and place trades without taking into consideration the current trend.

In addition to trend identification, any good swing trading strategies should take advantage of market rallies and pullbacks to allow traders to open and close trades at the most opportune times. Swing trading isn’t like other styles of trading where a trader may open and close multiple or hundreds of trades within a very short period of time. Generally speaking, swing traders usually wait for the market to retrace or rally before they enter the market. If a swing trader waits for rallies and pullbacks before entering a trade, they are able to enter at a price in the market which is in their favour. What makes this crucial? Getting into the market at a good price means you stand to profit more. You are entering the market at a price level that is in your favour. The average Joes all bought at the recent high, and are currently suffering as price retraces. The smart swing trading strategy, however, places the swing trader at the most opportune time of entering the market when price is retracing. The price the swing trader gets in at is much lower and cheaper than the average Joe. When the retracement ends and price continues on with the trend, the swing trader finds him or herself in profit much sooner than the average Joe. This simple strategy of waiting for a rally or retracement before entering the market can make the difference between a winning and losing trade.

Swing trading strategies are all about entering in the direction of the trend and entering a trade at a time where price is in your favour. Swing traders manage to do this by waiting for price to retrace before it continues on with the main trend.

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