Based on last weeks data and assuming the strength/weakness continues this week I have put together some pairs to keep on the radar for possible setups using pivot theory.
1. The blue circles are showing possible W-M2 to W-M4 bullish trade zones or W-M3 to W-M1 bearish trade zones.
2. The long black lines are M-PP’s on the charts that have them so watch those zones as well to be respected by price.
*Move into minute charts and trade your preferred setup for an entry if your bias matches these setups.
*Let the 4HR stoch cycle into position for 1-2 days if need be & watch the blue 5 ema.
*Find support & resistance levels to support an entry as well.
*Watch for any fundamentals to support or void an entry with any setup.
>>This week I have highlighted monthly pivot extreme price levels that could prove to be support/resistance.
>>If you’re trading the JPY strength then look to trade the weaker cross pairs shown here as continuation moves.
>>Notice the USD’s slight strength along with Gold which is not a typical so let’s see if we get a normal correlation there this week.
Lets see how it plays.
Note: At the end of each week I post results for the current weeks price action within the original post for those interested to study.
Results Post Analysis:
The white lines represent price action that took place close to actual levels.
The NZD did continue its strength this week if you were a buyer of the NZD.
This week provided a couple of trades once price entered the buy/sell zones for some positive and/or BE trades as price was choppy this week while some pairs never gave a valid setup.
Last Weeks Strength Meter
Potential Trades This Week
Results
- 3
- 669
- 6
6 thoughts on “Weekly Swing Trades on Radar”
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Nice Idea I find pivots very effective.
Just keep in mind that the monthly pivots change on Thursday.
Thnx Warren
Hi James, I can see all the effort you make with your trade plans and although I’m not a swing-trader it would be nice to see feedback from any other swing-traders in the group and especially those who have done Wayne’s swing trading course. Have you done the course? I follow your and Daniel’s swing trades although I have limited understanding of swing-trading, Have a great trading week!
Hey Maryna, agreed!! Wayne covers his swing course every day practically for those ‘listening’ I’ve just added another dynamic with the strength meter to increase odds. I find that by Tues/Wed there’s a good ‘probability’ to catch a continuation move from the strong vs weak of the prior week barring any fundamental shifts like last week in the NZD. Of course price can take off without you as might be the case this week so far. For those reading my posts, or other posts here, there’s always a trade for the ‘patient & discipline’ trader if you plan off the larger time frame and execute off the smaller ones. I can post exact alarm triggered entries for my setups and have many times but have given up on that due to lack of interest/involvement. We all know that we can’t ‘predict’ in this game tho, lol. Have great week yourself, Thnx!
Hi James,
Thanks for posting your thoughts. That’s a nice currency strength meter. Where does one find the specific meter?
NP Peter. Simply google ‘currency strength meter’ and there are several including the one I used above.