#Momentum Swing Trade Blueprint
I primarily adopt swing trade strategies using candlesticks price action, volume spreads analysis and momentum indicators. My favorite indicators are the combination of Bollinger Band with Keltner Channel to spot low volatility price range to place a trade and expecting a big expansion in the price ranges that follows. To improve higher probability of winning a trade, the Moving Average Convergence and Divergence indicator serves as the tool to pick direction bias and the timing. To further confirm and improve the timing of trade placement i use stocastic oscillator as part of the entry rules. The greatest challenge in trading is the discipline to follow and stick to your trading rules and managing the psychology of ‘fear of missing out’ when executing a trade. Before i place a trade, it is crucial for me to quantify and manage risks associated with an opportunities that present itself to me. Last but not least, i journal every trades that i made and regularly review them to pick up key lessons learn and implement any improvement identified into my next trades. At the end of it all, i am always open for continuos learning as i see trading and investment onced learned is a life long journey with milestones along the way.
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