If that is how it works on your software, then to capture the biggest move you set your target to some obscenely crazy level and let the trail do the rest.
Swing Trading on the Daily Chart
- Thread starter steveburns0267
- Start date
If that is how it works on your software, then to capture the biggest move you set your target to some obscenely crazy level and let the trail do the rest.
Why?
just trail your original stop until you get taken out.
Not sure what your saying.
I mantain that you don't need a profit target. You let the market take you out of the trade with a trailing stop.
The home runs happen because you don't take your profit too soon.
You look at the 5 or 15 min chart for the entries, You may mark down your zones on a daily but you will need to take entries on lower time frames.
One Japanese Trader (Takashi Kotegawa) said when he's looking for the entries for his swing trades, he would look at the 5-minute chart and look for the positive divergences in MACD with fundamentals and other factors.
One Japanese Trader (Takashi Kotegawa) said when he's looking for the entries for his swing trades, he would look at the 5-minute chart and look for the positive divergences in MACD with fundamentals and other factors.
Roosky Riddler has a habit of answering questions that he wants to (that weren't asked) as opposed to what was asked.
%%
LOL/good on/ 200dma also ;
50dma + 50day moVing average area can help;
cant make every single penny
.................................50week ma can help sometimes.murray t [turtle, a childhood nickname ]
unless your trade never went below your entry, indeed market will take you out, trailing is just a stop anyway. i bet when op is in a lot of profit, he will lose the discipline to trail and gets greedy, human nature.
for large cap swing trades, i never set stop, let the market function so long the trend line doesn’t change, 20, 50 100, 200 ema, macd, rsi, obv, etc, and all in if you are buying dip.