Swing trading in the forex market is a strategy that seeks to capture short- to medium-term price movements. Unlike day traders who focus on very short-term price action, or position traders who hold trades for weeks or months, swing traders typically hold positions for a few days to a few weeks. The goal is to take advantage of “swings” in the market—those natural fluctuations that occur as prices move between support and resistance levels.
In August we have compounded our accounts by 6.85% and 4.5% for Blackwave Pacific Hedged and Blackwave California respectively. An excellent performance for a professionally managed forex account. This is a wonderful monthly return to add to the eight year run from Blackwave California and…
This is a perfect example of how technical analysis is valid…until it's not.
Howdy. Not much to say because not much is happening. The buck is stable but the mean reversion has not taken place….yet. So we collect our positive SWAPS and let the market come to us. On days like this it’s…
We’re at 6.85% with five and a half trading days left in August.
There’s a time for action and a time for waiting. Trading is mostly the later. Nothing to do with our $USDJPY and $USDSGD but wait for the wave pattern to resolve itself. We manage risk and wait for the Black…
I don’t believe in counting chickens before they hatch but you must have noticed me not closing profitable CADJPY trades for several days now. The risk is that they become losers again and if they do then the strategy is…
