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If you are doing swing trading then you want to be looking at the chart from a hourly persepctive at the smallest. This should be able to get your entries and exits. Overall you need to look at the daily chart for direction and support and resistnace lines which act as your SL and TP lines. When your TP is good compared to your SL and it appears to reverse on daily then you enter.
Forex trading strategies swing trading system should look at the trend in the daily time frame and should be disciplined in accordance with the rule of swing trading system, do not hesitate to open a position corresponding swing trading system and use risk as low as possible not overlot and over a small margin for riskQuote:
Originally Posted by goldenmember
forex risky hone ji waja se market trend ka koi bharosa nhi hota is liye swing trade krna zyad tr tkh nhi rehta phir bhi agr koi swing trade krta hai to ye us ke experience pr depend krta hai
the best time is opening of London or new york session.most of the breakout,swings and reversals happen at this time.dont forget never open a trade when they are near to open it is better to just join the trend maybe 30 min after they are open ,in most case the trend start during London session will continue until new york opening good like forex forum thanks
try starting from the selection of time frames, suppose we use the one-hour time frame we use a moving average of the different indicators as a reference period to take a position and determine the profit of 20 points in a single trade.:accute:
when the economic calender shows a high influence of a speech for example on a couple and by this indication we make sure that a swing operation will take part on that market.
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you can use 4 hr time frame or simply 1 hr...for the trend you can check daily time frame...from my point of view, mostly for main pairs, it start to run from it lowest/highest at about 6-7 pm (est)...but surely this is not the standard...market can be unpredictable...Quote:
Originally Posted by pooshpa
i am still new in this field and just started to trade a real account.I prefer usd/jpy at this moment.this pair also gives me some success also.i know that london and newyork session is the best time for trading.because at this time there are high liquidity.but choose yourself which best fits to you
especially i recommend for most of the traders, we can see swing trading setups in the London market, because most of the traders are trading in the London market when it comes to swing trading. but if you have a proper strategy for swing trading, session or market does not matter.