In Simple Swing Trading part One, I went over the components of a swing and described what simple swing trading is. In this video, were going to take our swing and learn how to see it in two different contexts that will produce the swing. The first will be the first pullback after a breakout of a range. The second will be a balanced reaction leg. In both, we wait for a pullback and a swap of price as a confirmation. I talk about confirmation parts of the swing in “Learning To Read Price Action Part 3″ and” Left and Right Side of a Pivot Entry”.
Swing Trading
Simple Swing Trading-Part 1
This is going to be a series on simple swing trading with the objective of capturing swings that have a minimum 3:1 risk-reward. We will take what we have learned about the components of a swing and put it all together into simple swing trading. Swing trading doesn’t have to be complicated and can be quite relaxing. It’s just a solid impulse up showing intent, then a reaction pullback, then the sellers in that pullback getting swapped and showing us a possible new leg up to new highs. This kind of swing trading applies to futures, forex, or stocks in any time frame. In this video, we look at a swing trade in the GBP/USD and SBSW.