#SwingTradingStrategy

My swing trading method relies first on analyzing the general trend using moving averages (50 and 200 days) to ensure that I trade in the same direction as the market. Next, I monitor key support and resistance levels, and I use Japanese candlestick patterns to identify potential entry points.

I also rely on indicators such as the RSI and MACD to assess momentum and avoid entering during overbought conditions. Regarding exit timing, I set a profit target based on a risk/reward ratio of at least 1:3, and I use a trailing stop loss to protect gains in case of price movement in favor of the position.

I also follow economic news as it can affect price movement suddenly. The important thing is discipline and commitment to the plan, and not making emotional decisions.

All these tools together help me make thoughtful entry and exit decisions in swing trading.