|PDF Title||:||Forex on Five Hours a Week|
|Total Page||:||211 Pages|
|PDF Size||:||6.14 MB|
|PDF Link||:||Read and Download|
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“Trend following is enjoying a bit of a comeback as of late because like everything, if it is able to hang around, it will be back in fashion. The funny thing is that swing trading or trend trading they’re the same thing never really went anywhere. They’re just coming back with new names.
Swing or trend trading allows a trader to enter a market already heading higher or lower. Problem is there is this nonsense about swing trading being a trade that is held for three to five days or something like that.
Am I being dismissive of this definition? Am I scoffing, if not rejecting, the idea of a trade being held simply because a certain number of days have passed? Absolutely.
Swing trading is based upon identifying an uptrend or downtrend and waiting for a correction in the trend to enter. Now if you are still hanging onto some time-based definition of swing trading, let me ask you this: If you enter a swing trade on a 30 minute chart, how long do you hold on the position for?
How about a daily chart? Trend following can only be done in an established trend. Can we agree upon this much? If so, let’s keep moving on.”
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