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Suggestions on swing trading


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Suggestions on swing trading

  #1 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
Posts: 72 since Jul 2012
Thanks Given: 39
Thanks Received: 9

Hi guys,

I noticed YM seems to swing in 1-4 weeks trends.

Have anyone tried this?

I was thinking of a daily chart for entry and a weekly chart to confirm direction.

Would that be too long? Or a 4h chart for entry would be better?

Also, what would be suggested to look out for?

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  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536



Azrael View Post
Hi guys,

I noticed YM seems to swing in 1-4 weeks trends.

Have anyone tried this?

I was thinking of a daily chart for entry and a weekly chart to confirm direction.

Would that be too long? Or a 4h chart for entry would be better?

Also, what would be suggested to look out for?

Your question is impossible to answer as you've not provided enough detail.

"Would that be too long"? Too long for what?

I certainly encourage swing trading over day trading, especially if you do not already have a consistent track record of profits over several years.

Simply size yourself accordingly. Trading YM futures might be too big depending on your account size, and you could instead start with ETF's for example.

I covered this here in detail:



Mike

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  #4 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
Posts: 72 since Jul 2012
Thanks Given: 39
Thanks Received: 9


Big Mike View Post
Your question is impossible to answer as you've not provided enough detail.

"Would that be too long"? Too long for what?

I certainly encourage swing trading over day trading, especially if you do not already have a consistent track record of profits over several years.

Simply size yourself accordingly. Trading YM futures might be too big depending on your account size, and you could instead start with ETF's for example.

I covered this here in detail:



Mike

My bad.

I was referring to an entry chart of daily bars for a position that lasts 1-4 weeks. Would that duration be considered to imprecise?

What is your suggested account size for a YM contract then?

Sure will have a look once I get off work =)

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  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536


Azrael View Post
My bad.

I was referring to an entry chart of daily bars for a position that lasts 1-4 weeks. Would that duration be considered to imprecise?

What is your suggested account size for a YM contract then?

Sure will have a look once I get off work =)

Roughly 20K per contract. I use daily bars for swings that last 4 weeks.

Mike

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Report problems with the site: Using the NexusFi changelog thread
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