Am starting this new thread on Swing Trading. This thread is different as I won't be using any 'System' to pick trades. Most of the trades mentioned here are based on old school Technical Analysis. System trading has become quite popular, but I still feel there are many factors which cannot be factored in a system. I intend to post the trades here to see how this works. Usual targets for trades here are between 5%- 10% and maximum holding period is between 1-2 weeks.
What I usually look for in a swing trade is the price structure, pattern formations, pivot points and futures and options data. I have come across a way to use open interest to effective use. When this data is combined with few of the above mentioned points, then I have found that the trades generated are very profitable. While picking trades, I do assume that the markets will not crash suddenly (for buy trades). This I think is underlying assumption in most of the systems as all systems and all forms of analysis usually fail when markets begin to panic. This is largely an experiment so let's see how things shape up. Kindly do not ask me for an AFL as I don't have one.
Please watch the results for at least 2-3 months before trying to execute a trade. It is still experimental.
All the stocks mentioned here will be only which are listed under the Futures and Options category. Due to the number of calls given, it won't be possible for me to track all the given swing trades. I will also leave it upto the the user to decide the exit point. Since this is a swing trade which lasts for 2-5 days, I would be happy to exit with gains of 3-5%.
What I usually look for in a swing trade is the price structure, pattern formations, pivot points and futures and options data. I have come across a way to use open interest to effective use. When this data is combined with few of the above mentioned points, then I have found that the trades generated are very profitable. While picking trades, I do assume that the markets will not crash suddenly (for buy trades). This I think is underlying assumption in most of the systems as all systems and all forms of analysis usually fail when markets begin to panic. This is largely an experiment so let's see how things shape up. Kindly do not ask me for an AFL as I don't have one.
Please watch the results for at least 2-3 months before trying to execute a trade. It is still experimental.
All the stocks mentioned here will be only which are listed under the Futures and Options category. Due to the number of calls given, it won't be possible for me to track all the given swing trades. I will also leave it upto the the user to decide the exit point. Since this is a swing trade which lasts for 2-5 days, I would be happy to exit with gains of 3-5%.
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