TIMESTAMPS
00:28 – UTILITY
Swing trading is great for those with less ‘free time’.
It is also a much more relaxed way of trading.
You will take way fewer trades, but you can be very well-planned for those trades.
01:52 – IMPLEMENTATION
A 4-hour Time Frame is preferred for Swing Trading when viewing the chart.
Monthly and Weekly viewpoints are also key.
Trade execution can be from a 30-minute viewpoint.
The best trades for entry triggers are SFPs of an HTF level or a Failed Auction of a range.
You can set an alert above or below the liquidity level for an SFP.
Once the alert goes off, view for a visible reaction / is there an SFP formed, or a Failed Auction holding on the 30-minute chart? If yes, take the trade.
You can wait for 2 consecutive 30-minute candle closes before entering a trade.
Once entered, place Stop Loss above/below the wick or highest/lowest point of the failed auction.
The first target will generally be an intraday level such as the VWAP, or a SFP 2.0 target.
Occasionally, the VAH of the range can be used as TP1 too, as this is a reversal zone if no acceptance is found.
TP2 can be a trailing Stop Loss now in profit, or the range VAL / major liquidity level (Generally Range Low wick).
🔎 06:43 Walk-through example of how a great Swing Trades begin.
11:32 – TIPS & TRICKS
★ Don’t get too greedy on the first Take Profit, but also don’t take too much. 15% is a preferred TP amount for some.
★ After the first Take Profit is hit, you can move SL to entry or into profit, but generally do not move it from the original place until TP2 is hit.
★ If you miss an alert/trade do not worry. There is ALWAYS another trade to come.