lesson 32 - swing trade setups for the spot forex (slideshow)

Post on 24-May-2015

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This lesson covers the situation where you look for a currency pair that is in a pretty strong intermediate or long term uptrend but has cycled down hard against the trend. Then you look to buy it as it resumes its uptrend. You are also looking for the opposite of this, a currency pair in a strong downtrend that cycles up against the trend. When a currency pair cycles against the trend it is “setting up” for a trade back in the direction of the trend. We will refer to these as “swing trade setups. It work for pairs trending in either direction.

TRANSCRIPT

Lesson 32 Slideshow

This slide show illustrates examples of currency pairs that are trending

up, then they sell off to create a relative low. When they reverse back up on the smaller time frames this is

a safe entry point back into the trend. This method also works in

reverse for down trends.

Up Trend With Increasing Tops and Bottoms, Each Trough Is A Relative Low

Illustration of Large Trend Up (left) Smaller Time Frame Sell Off (right) and a Relative

Low Is Created

Illustration of Large Trend Up with Smaller Time Frame Sell Off, Point 2 is a Relative

Low and Entry Point

Large Trend Up on LeftSmaller Time Frame Sell Off, Point 3 is a

Relative Low reversal and Entry Point

CHF/JPY Larger Time Frame Up Trend

CHF/JPY Smaller Time Frame Sell Off

AUD/JPY Larger Time Frame Up Trend

AUD/JPY Smaller Time Frame Sell Off Plus Reversal Up

EUR/CAD Larger Time Frame Trend

EUR/CAD Smaller Time Frame Sell Off

EUR/CAD Smaller Time Frame Sell Off

EUR/AUD Larger Time Frame Trend

EUR/AUD Smaller Time Frame Sell Off and Reversal Back Up

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