In this article, we will share the real swing trading example for the NASDAQ.
In trading sometimes perfect technical analysis is just not enough. It is because of the emotions involved in trading, and also because of the market environment which sometimes can ruin the perfect pattern and a perfect technical analysis. Most of the time it is important to feel the market and identify it’s current nature. Is it a swing trading environment, is it a trend development or is it sideways market. All of these present opportunities for trading but you need to know exactly when to enter and exit trades.
CFD Nasdaq sold at 7411 Recommended lot size 0.10 or depending on your broker sizing equivalent to 10.
Our trading sizes are based on a 50k account. You can adjust the size of the trade in line with your risk. Selling the instrument on an upper rising wedge line rejection candle. Low risk with a good reward. Counter trend pullback trade.
Our trade reached the take profit target at 7340, after two days with the $143 of the profit for 0.10 lot size (one CFD trading lot-varies from broker to broker). We set the target based on the market environment and a possible another swing higher inside the wedge formation. After our target was reached the instrument just did what we were expecting, it went higher for another swing.
By using our top-down trading technical analysis we have identified the key levels which will be triggers for the entry and exit, based on the present market conditions of the instrument. That gave us expected profit since we didn’t want to risk much because the swing trading is a risky strategy. Our trigger candle was as always based on H4 chart and the stop loss and take profit levels as well. We have used the trend lines and price action as the tools for the trade.
Happy trading! (click on the chart to enlarge it)
The broker of our choice! Open the account and get the discount for our services!
Special weekend deal! 99 in July we are monitoring the market for you!
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!
![]("https://edgeoftrading.online/wp-content/uploads/201</p)