Overview
Swing trading functions between the rapid pace of day trading and the slower movement favored by investors. Utilizing a 4-hour chart, this method allows traders to operate in a less crowded space, making it appealing for those who don't want to be glued to their screens all day.
This compilation of three manuscripts by Heikin Ashi Trader exposes the intricacies of swing trading, aiming to equip individual traders with practical skills.
Contents
Part 1: Introduction to Swing Trading
- Why Swing Trading?
- Benefits of the 4-Hour Chart
- Markets Suited for Swing Trading
- Instruments for Swing Trading
- Key Setups for Swing Trading
- Support and Resistance
- Double Tops and Bottoms
- Breakouts
- Flags and Pennants
- Effective Money Management
- The Importance of a Trading Diary
- Understanding Key Concepts
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Part 2: Trade the Fake!
This section delves into stop fishing and fakeouts prevalent in modern trading. It emphasizes recognizing deceptive moves by major players in the market.
- Mastering the Art of Deception
- Identifying Fake Moves
- Strategies for Trading Fakes
- Recognizing Fakes in Chart Patterns
- Flags
- Triangles
- Trend Channels
- Trading Cross Rates
- Advanced Patterns
Part 3: Where To Place Your Stop?
This part addresses the critical question of stop placement. While stops are not unavoidable, they are vital in shaping a successful and profit-oriented trading strategy.
Conclusion
This book is geared toward those who seek to expand their understanding of swing trading, especially with the unique perspective of Heikin Ashi Trader.
