Forex Swing Trading Strategies That Work (Daily Chart)

Published on December 11, 2021

Popular guide highly rated Pips Currency Trade, Swing Trading Basics, Trending Market, Trading Without Indicators, and Which Chart Is Best For Swing Trading, Forex Swing Trading Strategies That Work (Daily Chart).

In today’s Trading Beacon video, we will be covering Forex Swing Trading Strategies that work on the daily chart. These Swing Trading Strategies are effective for both beginners and advanced traders alike.

So if you’re looking for a Forex Swing Trading Strategy that you can use on the Daily, Weekly or Monthly chart, then tune into today’s tutorial!


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Hey traders. Today we’ll be going over a swing trading strategy on the daily timeframe that you can get started with right away. Let’s get into it.

The very first step of this strategy is going to be to identify the market environment you’re currently trading in. Now, the other steps of this strategy are very important, and we’ll get to them in a minute, but without first identifying the market environment we’re currently in, we won’t be able to effectively implement the rest of this strategy, which makes this first step just as important.

So what exactly do I mean by market environment?
I think the best way to explain this concept is with a trade example.

Here we have a market that puts in a large impulse move to the downside, before hitting a strong area of support. Now, to illustrate this concept, let’s just say that we’re trading with the following strategy: “Every single time price touches an area of support, we’re going to buy.” So what would happen in this example?

Well, on the first trade price hits our level with a large amount of momentum. We would place a buy trade, and the market reverses to the upside.
The second time price hits our level and leaves this long wick candle, rejecting the area of support. So we would buy, and the market reverses to the upside.
The third time price hits our level, it forms this micro double bottom. So we would buy, and the market reverses to the upside.
And the final time price hits our level is on this pin-bar candle. So we would buy, and the market reverses, moving up and breaking the previous swing high. So in this case, we would have taken 4 trades, with all of them resulting in a win.

Alright, now let’s take this exact same strategy and apply it to a different market, so you can understand the importance of this concept. Here we have a market that hits a strong level of resistance and rejects to the downside, on this large range bearish candle.


Foreign exchange trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Past performance is not indicative of future results. The information presented today is not meant for use in live trading.
This video is not a recommendation to anyone on how to spend or invest their money. Take all videos as my own opinion, as entertainment, and at your own risk. I do not assume any responsibility or liability for any errors or omission in the content of this channel. This content is for educational purposes only, and is not tax, legal, financial or professional advice. Any action you take on the information in this video is strictly at your own risk. and all individuals affiliated with this channel assume no responsibilities for your trading and investment results.


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Which Chart Is Best For Swing Trading, Forex Swing Trading Strategies That Work (Daily Chart).

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What they want is a forex technique that becomes a revenue within minutes of entering into the trade. Although I’m not a big fan of scalping there are many traders who effectively make such trades.

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After all, too many indications can cause choice paralysis. To find a good location for a stop, pretend that you’re considering a sell the instructions of the stop. A sag is suggested by lower highs and lower lows.

I have actually been trading futures, options and equities for around 23 years. In addition to trading my own money I have traded money for banks and I have actually been a broker for personal customers. For many years I have actually been fascinated to find the distinction between winners and losers in this service.

Using the exact same 5% stop, our trading system went from losing almost $10,000 to acquiring $4635.26 over the very same 10 years of data! The performance is now a favorable 9.27%. There were 142 lucrative trades with 198 unprofitable trades with the Moving Average Trader revenue being $175.92 and average loss being $102.76. Now we have a much better trading system!

Nasdaq has actually rallied 310 points in 3 months, and hit a brand-new four-year high at 2,201 Fri early morning. The economic data suggest market pullbacks will be limited, although we’ve entered the seasonally weak period of Jul-Aug-Sep after a big run-up. Subsequently, there may be a consolidation duration instead of a correction over the next couple of months.

Choosing a timespan: If your day trading, purchasing and selling intra day, a 3 year chart will not assist you. For intra day trading you wish to utilize 3,5 and 15 minute charts. Depending upon your longterm investment strategy you can take a look at a 1 year, which I use most often to a 10 year chart. The annual chart offer me a look at how the stock is doing now in today’s market. I’ll look longer for historic assistance and resistance points but will Forex MA Trading my buys and offers based on what I see in front of me in the yearly.

The online Stocks MA Trading platforms use a lot of sophisticated trading tools as the Bolling Bands indication and the Stochastics. The Bolling Bands is consisting of a moving average line, the upper standard and lower standard variance. The most utilized moving average is the 21-bar.

Another forex trader does care excessive about getting a return on financial investment and experiences a loss. This trader loses and his wins are on average, much bigger than losing. When he wins the game, he wins double what was lost. This reveals a balancing in losing and winning and keeps the financial investments available to get a revenue at a later time.

When the buzz settles and the CME finishes its margin boost on Monday, we must see silver rates support. From my perspective, I see $33 as a level I may meticulously begin to purchase. I think assistance will be around $29 until the Fed chooses it’s time to cool inflation if silver breaks listed below that level.

18 bar moving average takes the present session on open high low close and compares that to the open high low close of 18 days earlier, then smooths the typical and puts it into a line on the chart to provide us a trend of the current market conditions. Breaks above it are bullish and breaks below it are bearish.

With each new day it drops the very first price used in the previous day’s computation. When trading Forex, one need to beware due to the fact that incorrect expectation of rate can happen.

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