Application to Swing Trading
Thank you for your hard work.
This is Nobushi.
Today seems to be National Foundation Day, doesn't it?
Actually, it's not "National Foundation Day" but "National Foundation Day" (the Day), you know!
There seem to be reasons, but since it's bothersome, I'll skip the explanation!
Now, since today is a holiday, I wonder if the market won't move much?
I thought so, but perhaps there was movement more than expected.
Currently I am holding a USD/JPY position, but I am still searching for a landing point...
Well today, I will apply the Winner daily chart to swing trading!
This is the corner of the series.
I think it's very important even for non-swingers to capture large waves, so I hope you find it helpful.
We will use the Winner daily chart and reference the sub-window commonly known as the Winner line.
This Winner line is set to move smoothly without being misled by sharp false moves.
Since it’s a daily chart, compared to shorter timeframes, its characteristics are more evident.
The usage is very simpleWinner line slopeis calculated,
“the moment it changes from a positive value to a negative value”
or
“the moment it changes from a negative value to a positive value”
is used as a guide for entry points.
The take-profit target is when the viewpoint reverses in the opposite direction.
in USD/JPY there have been about 12 entry opportunities from last September to the present.
Because it is a swing position, the holding period is quite long, but even a discretionary, opportunistic trade would have yielded profits.
Let's check the chart.
Due to the chart’s scale, one major tick on the vertical axis represents 40 pips, so you can roughly gauge the profit range.
However, the weakness remains the ranging market, right?
The red circles in the sub-window appear frequently, indicating a range market, so last November to December was a range.
But unlike short-term trading, the range can still yield some profit because the wave amplitudes are larger.
Of course the thrill is to catch a big wave and make a huge profit with one entry, but it’s rare even over a year.
Recent points, I think, have captured large waves well.
The recent rise will also yield large profits if you target the moment the slope changes from negative to positive, and if you have the higher-timeframe bullish view in mind, you can apply it to short-term trading as well.
It could also serve as a supplementary tool for current swing trading.
By the way, the Winner parameter settings are as follows.
Currently I’m making the chart easier to read and trying to visualize the moment when the slope changes.
I’m looking forward to comments from Swinger followers as well!
WinnerIntro Video: https://www.gogojungle.co.jp/finance/navi/15/17609
Original indicator “Winner” Public Page:https://www.gogojungle.co.jp/tools/indicators/17623
