Swing Trading on the Daily Chart

[Redneck]

Can we stop derailing this gentleman's thread

said what I said - stand by it - I'm done - unless AND until proven otherwise

not gonna hold my breath

RN

 

[steveburns0267]

What are you planning on trading? Stocks, futures, options.

Forex for now.

 

[mervyn]

How long is the holding period? For simplicity and large cap, all I need is MACD and 50 over 200 cross.

 

[steveburns0267]

I want to ride my profits with a trailing stop loss, so as long as I can until the price reverses enough to stop me out.

 

[mervyn]

I want to ride my profits with a trailing stop loss, so as long as I can until the price reverses enough to stop me out.

you need a profit target to set the trailing stop.

if not in a hurry, just check the macd 4 hr or daily, above or below zeor and macd vs macd average line, can't make every single penny.

 

[Rams Fan]

What sort of things do you look for when trying to find an entry on the daily chart? Any particular candlestick patterns, indicators, etc that have worked well in your experience? I work full time so only having to check the charts in the evening would be great for me. Thanks.

Weekly chart of 30-year bond futures:

Looking for 10 to 13 handle rally from here. Stop is new lows. If we've seen the highs in yields, the rally could go a lot farther than 15 handles. I'm using ZBZ (December contract).

 

[mervyn]

Weekly chart of 30-year bond futures:

View attachment 322012

Looking for 10 to 13 handle rally from here. Stop is new lows. If we've seen the highs in yields, the rally could go a lot farther than 15 handles. I'm using ZBZ (December contract).

Hard to say, I am in red for zt September, next two days is the expiration date so I have to take losses and roll to December.

 

[mikeriley]

Understand price action and market structure,
and all you need is a volume based chart.

If you depend on indicators you'll be like most
who can't determine short term direction, or
a reversal from a pull back.

VOLUME is King

 

[SunTrader]

What sort of things do you look for when trying to find an entry on the daily chart? Any particular candlestick patterns, indicators, etc that have worked well in your experience? I work full time so only having to check the charts in the evening would be great for me. Thanks.

There are a 1000 and 1 ways, but only you can figure which is .... the 1.

 

[ironchef]

you need a profit target to set the trailing stop.

if not in a hurry, just check the macd 4 hr or daily, above or below zeor and macd vs macd average line, can't make every single penny.

You are not a Turtle or a trend follower.