What's my swing trading strategy?
It's so simple, you don't even need a chart.
Candle stick charts were invented to update once a day and show you OHLC (Open, High, Low, Close). People made money trading way before all this computer stuff came along with like 5,000 indicators at your disposal and every time frame you can possibly think of. Don't lose your mind because a historical chart got added to the mix.
Is price going up? Awesome. Is it going up faster today than it was yesterday? Cool, let's go long until that stops. It's just basic momentum.
You can trade like this on a shorter time frame too, say EUR/USD is ranging between -2 and +2 pips a minute, next minute you notice it's +2 pips a minute, next it's +3, next +4. Well, it's time to go long, and just stay in it until the momentum slows back down. Price is like tossing a ball in the air, at some point the momentum slows down before the ball comes back down. It's pretty rare for price to instantly reverse.
For daily trades, SL is initially set at the recent high/low and it gets moved using 1.5x ATR until it gets hit because I don't use a TP. It's super simple, but I wanted to make something where it's so obviously profitable that you could sit a 10-year-old behind the chart and he/she would be like "yup, that'll make money". Humans like to make things complicated; it makes us feel better than the next guy, but you're trading to make money, right? Too many people trade for their ego.
If you want to do this without a chart, you can just note how many pips it moved in a day. Today 40 pips up, nice. Tomorrow 50 pips up, go long until the momentum slows to like 10-20 pips a day up or less. Then exit with your profits from the middle.
Are you going to catch the tops and bottoms? Nope. But the tops and bottoms are only good to make you feel warm and fuzzy inside. You can still make buckets of money taking a chunk from the middle. I'll admit trading like this is boring, but I love the money more than I love the trade.
Are you going to have a 100% win rate? Nope. I usually get 40% on majors and 75% with crypto. But I can sit comfy making money as a middleman. I don't worry about Risk:Reward ratio's, I don't worry about FVG SMC ICT whatever BS, I just take my money from the middle. Nice and simple.
