So, this is no rocket science. Swing trading is all about patience, discipline and good money management. Strategy is very simple and the fact that it works is unquestioned. We are not going to learn or teach the strategy. Of course, we will discuss about it but the challenge will be in trading the strategy than the strategy itself.
Here is a live example of a daily chart of EURUSD. The 2 lines are simple and basic, used by a lot of traders, the 100 SMA and the 50 SMA and they have crossed each other 7 times in the past 3 years. You can see those on your charts. Its very simple. They crossed again a few days back and so we have a live example now. Now, our challenge is to come up with a strategy and trade it accordingly. Isnt the chart lovely?
Here is a live example of a daily chart of EURUSD. The 2 lines are simple and basic, used by a lot of traders, the 100 SMA and the 50 SMA and they have crossed each other 7 times in the past 3 years. You can see those on your charts. Its very simple. They crossed again a few days back and so we have a live example now. Now, our challenge is to come up with a strategy and trade it accordingly. Isnt the chart lovely?
