Basic Rules for Swing Traders

Basic Rules for Swing Traders

"Trading of Swing"

How does one anticipate entry? The following may be indicators for the purchase or sell the day the day:





Count
Start searching for the purchase of day 2 days after a swing high or, conversely, a shorting day 2 days after a swing low. Ideally, the market will move to full 5-day cycles. (In a strong trend, the market will move 4 days in the primary direction and only 1 in the reaction. Thus, one must seek entry 1 day earlier.)
"Check Mark" to the test
The potential for entry requires the opposite, or otherwise, near the previous day. If looking to buy (sell), first wants the market to "test" of the previous day's low (high), preferably early in the day, and then form a commercial model, which looks like a "marked" (see example) .

This model is made for the establishment of a "double stop point" or strong support. If you enter the market with only a "single stop point" or support established by today's low just leave the same day-trading is clearly against the trend.
Close vs. Open
Close to points of opening the next day is. When the market opens opposite what is expected or indicated by the trend, one may first look to "fade" it, but you must take profits quickly. Then look to reverse!
Support (resistance)
Is today's support (resistance) higher or lower than yesterday?
Measurements swing
Where is the market compared to the last swing high or low? Look for swings (up or down) of equal length, and an equal percentage retracements.