I have a very simple method for swing trading in cash stocks.
With a Tradingview script at the end, here is a thread🧵 on my Simple Swing strategy: 👇
During most of the time in a trend, price will stay well away from the T3MA. Thus, a decisive close beyond the T3MA often indicates the end of a trend.
The ribbon is green when the fast MA is above the slow MA. This green ribbon represents the upswing. Similarly, the red ribbon represents the downswing.
These traditional signals are lagging. So, we use the Early Swing signals.
Similarly, Early Downswing starts when T3 ribbon is green, but price has closed below the ribbon. This is the Ex candle.
Here, we exit based on 2 “sell into strength” components & 1 “trend-following” component.
The swings are an inherent nature of the markets, so with proper risk management, the strategy is bound to be profitable.
If you'd like to read this thread in relatively more detail, find it here:
https://t.co/fjEbnG1Tqm
More from Nitin R
I try to look for exhaustion of supply, drying down of volumes, & narrowing of daily/weekly ranges. Enter after an upmove, on the lowest volume & the smallest daily range, as the stock forms a low volume doji/inside bar while in pullback/retest at/in/near the zone of 10MA & 20MA.
I m watching your posts... amazing sir.... thanks for sharing.... can you share what is your trade set up
— Sahasra (@h_shanmugavelu) March 21, 2022
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