If you are reading this article I assume you are involved in trading and looking for a strategy that would make you a profitable trader. I'm sorry to disappoint you there is no such strategies or systems. No strategy can make you a consistently profitable trader. But there are some strategies that may suit you better than others. They can help you to become a profitable trader. In my opinion swing trading is one of the best ways of learning to trade.
Swing trading allows you to trade part time. In my opinion this style of trading is the most overlooked one. Most traders want to become day traders. For me the day trading style is the most stressful way of trading. I make more and more mistakes in my trading decisions if I continuously keep looking on charts. Swing trading on the other hand is based on 4-hour charts or even on daily charts. It requires spending far less time in front of you charts to identify a trading opportunity. Once trade is set up it can be left alone to mature. The most important thing is that emotions do not get into the way of trading. While in intraday trading emotions tend to interfere with the trading performance.
Personally I make a lot less mistakes with swing trading than with the day trading strategies. Therefore I believe swing trading is the best way to learn how to become a profitable trader. I recommend anyone who just starting off or struggling to make a consistent profit to look closer at the swing trading methods. They require less effort. You will have much less of emotional roller coaster during a trade. And the most importantly you will average more profit per trade than if you take shorter term trades.
You are probably looking for the exact rules of a swing trading strategy. I can give you one. Throughout my trading career I found that the simpler the rules the better the results. So the rules of my trading system are quite simple. First thing what you need is Metatrader platform. I use this platform since it is easy to install any indicator you need or program a custom indicator. You will need only one indicator - Heikin-Ashi candles. The power of these candles is that it takes the momentum of price movement in consideration.
Next thing you need to learn is to identify the support and resistance. Level where price quickly reverses into downtrend is the support levels. Level where price quickly reverses into up trend is the resistance level. You need to practice to identify these support and resistance.
Now my swing trading strategy is quit simple. Apply Heikin-Ashi candles to a daily chart. All you need to do is to look at the daily chart at the end of the day and see if candle has changed its color. Now look if the price is around major support or resistance level. If price hit the support or resistance enter the trade. Place your stop loss order on the other side of support/resistance. Exit the trade if Heikin-Ashi candle changes its color and/or price hits the next major support/resistance level.
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