Forex Strategies Resources

13# The Swinger Forex System

CH Method

 

 Submit by moon lay hidden 01/02/2013

 

Thistrading method is not intended to be traded around news. Generally if you are within 5‐10 minutes

of a news event, stay out of a trade and wait 5‐10 minutes after the news event to trade the next swing.

 Check the major trend to know which direction the big swings will be in.

 Optional: Use Fractals & S/R indicator to visually see and measure swings.

 Place the Tokyo Channel on your chart (using either a sessions indicator or by manually drawing a channel

from 22:00 GMT to 05:00 GMT).

 Do not begin trading until a minimum of at least 40 pips of movement (with a retrace to a fib level) has

been established from the beginning of the Tokyo Channel. Once a minimum of 40 pips has been met, we

look for a break of consolidation to enter a trade. (The Tokyo Channel will/may act as S/R for the rest of

the day as/if price moves to and from these levels. If the Tokyo Channel is less than 40 pips don't trade

the pair until it has moved a minimum of 40 pips.

 


Trading System
M15 Swinger v1.0.zip
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 Swings should average 20 to 40 pips or more on the M15. (Ideally swings can average 30‐60 pips).

 Trade out of consolidation. Consolidation is 2 or more candles in a given area with generally the same price point hi/low. Always trade out of consolidation and away from the most recent swing(and away from the MAs).

m15_swinger_v1.1.zip
Forex Trading system: m15_swinger_v1.1.zip
m15_swinger_v1.1.zip
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When there is going to be a reversal, there will (usually) be a new color candle. Enter on

the break of the reversal candle if Stochastic is in agreement.

 You can also Enter or Exit at big numbers. (The goal should be to take profits at 2 or 3 levels of BN’s—or

Mid Range Numbers—beyond where you entered your trade).

Big Numbers are: 00 20 50 80

Mid Range Numbers (50% fib between the Big Numbers) are: 10 35 65 90

All 8 Numbers: 00 10 20 35 50 65 80 90.


These numbers are (or can be) both your target levels and entry levels. When you use BNs or Mid Range

numbers as an entry, you should always have the Stochastic in agreement with your trade direction.

Because the market has 2 basic forms of movement; Trending, or Channeling, you must know how to

trade in each type of market. You can use BN entries in either.

 When you have a losing trade: Re‐enter on the next swing doubling your lot size. If you lose the second

trade; go back to normal lot size.

FURTHER NOTES

The best odds to make profit are to trade the London and/or NY sessions. Trading the session opens can be profitable. Generally it may vary 15 minutes either before the open or after the open, however nothing is certain in the Forex and the good swings can come at odd times. However, you will get longer and better swings at these times.

When Craig trades his swings he waits for the first reversal candle to close and then enters on the break of that reversal candle…if it breaks to the correct side. His goal is 20+ pips per Trade.

 

1. His average S/L is normally 35 pips.

2. He usually targets his Big Numbers for entry and exit targets (00, 20, 50, 80)... shooting for 20+ pips per swing.

3. When there is a long run (say 60‐100 pips) the next swing is often small.

4. Once any pair runs its normal daily range the swings usually become smaller.

5. After the London close the G/U tends to range.

6. Craig trades the 1st three hours of the London session for himself—then takes a nap—then does his mentoring

for 3 hours after the London close while the NY session is still open.

7. Most pairs have two long runs per day.

8. Really stressed how important it is to wait for the Tokyo Channel to be 40+ pips before trading any pairs.

9. Retracements often start at the London close on G/U. After London close, if price is in the upper or lower

quarter of its daily average range; look for a move to the 23.6% Fib level.

10. At the London close if Price Action is in the upper or lower quarter of the Tokyo Channel; look for

retracements.

TIMES TO TRADE

Personal Note: I (Big E) start looking for set ups 2 hours before the London Open when the Tokyo Channel hasalready moved at least 40 pips by that time.

Normally I don't trade during the day. I'll trade the N.Y. open for an hour or two and then I stay out until the EURO opens.

BIG E’s NOTES

I Put my stop about 6‐7 pips under/over the reversal candle and I enter on the initial reversal candle whether it's on my 5 min, 15 min or 60 min chart and it's successful most of the time. Why? Thank You Tokyo Channel. Because

we wait to trade a pair until the Tokyo Channel spread is over 40 pips... we get great Pip swings! Tokyo Channel is so important.

Craig will let price come back and take him out at his SL if he doesn't get a 20 pip or greater profit. That's histrading style. He then doubles his lot size on the next swing and normally wins more pips than he lost. However I do it a little differently: Let’s say I'm up 17 pips and at that point it starts to reverse on me. I NEVER LET ANY

(BPips) I have started to see what CH sees with the swings; they make triangles. If it’s a swing high in a down trend

you short (at the top of the swing high) and target the base of the (previous) swing (low). (Here’s a picture to

illustrate this idea better):(CH) This system is solely based on trading out of consolidation. You can draw as many fibs, SR lines, pivots etc but

you will never know whether to go long or short at these points until you see consolidation. So why bother

drawing them on your chart (lines, fibs etc)? All you need to look for is consolidation. What is consolidation? It's a

group of candles no longer making HH/HL (up trend) LH/LL (down trend).

 

CH Method:theSwinger
CH Method:theSwinger
CH Method:theSwinger
CH Method:theSwinger

(CH) One of the golden rules of trading is to trade away from moving averages. There are many moving averages that are promoted by traders. No matter what moving average you use, the rule is always the same; i.e. Trade towards a moving average at your peril. If you look at a CH M15 chart, there are two moving averages. With trial and error you should be able to determine that the blue MA is the 60 period MA from the H1 time frame (240 onM15) and the 60 period MA from the M5 timeframe. So following the golden rule, only trade away from these averages. If you are to risk trading towards one (counter trend trade) make sure there is enough distance to profitbefore hitting either MA. Good trades are shown with yellow arrows. 'no go' trades are red arrows (unlessyou'recomfortable that you can get 20 pips before hitting MA) See PDF in attach.

 

ch_method.pd
ch_method.pd
ch_method.pdf
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m15-swinger_alert_v0.54.rar
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m15-swinger_alert_v0.54.rar
m15-swinger_alert_v0.54.rar
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xi-dashboard_v0
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