Swing Ape’s Indicators part I

I’m going to start a 5 part series on the main indicators that I like to use after I have found a great swing opportunity! Ima jump right  into it. This section will be all about Moving averages I use 7 different simple moving averages set to the close; 5,8,21,50,100,200,500 You may use Exponential moving averages for your charts but I prefer Simple, it is entirely up to you. The main difference between these two is that exponential moving averages (EMAs) put more emphasis on the latest most current price movements, simple moving averages are just that… Simple. Yhey take the weight of the pre … Read more

Trade Review EUR/GBP(FX) 9/1/2017

If you guys were following me last week I wrote a blog post about “Chunnel” or the EUR/GBP currency pair and how I was watching it to set up for this week. Well lucky for me that time came  around Wednesday morning and I was right there to snatch up and eat it like a ripe banana. It was a pretty sweet set up with about a 1:10 risk to reward, these are rare find so I was practically salivating in front of my computer screen. Right before taking the trade I had made sure that my overall analysis was on point,double,triple checked to look for anything that I … Read more

An Introduction to Swing Trading

Trading the markets day in and day out can be extremely challenging, especially as a new trader. If your just now entering the world trading, equities or Forex and feel like your being overwhelmed by strategies, tactics or just an overload of information you’re definitely not alone. Just like learning another language, learning to trade like a pro takes time and patience. One great way to gain experience and learn the ins and outs is through “swing” trading, or buying and holding positions for more than one day at a time. If your a new trader and want to jump into Day trading or buying and … Read more

Economic Calendar

It can be real tough to get a grip on the global economy and all the important dates and events that take place on a daily basis and their expected impact on the market. This is where its handy to have an Economic Calendar. Even though they are mostly used for Forex trader its good to glance at it sometimes just to add to your situational awareness when putting on a trade regardless if its a stock trade or if its FX.Through an Economic Calendar you’ll be able to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are typically announced or released in a report an other news and events that have a high probability of impacting the financial markets. My personal favorite is a free economic calendar offered by Dailyfx.com,because of its comprehensive format. Though there are plenty available by simply searching through your favorite search engine.

You can check it out herehttps://www.dailyfx.com/calendar

Watching “Chunnel”

Keeping an eye on the EUR/GBP currency pair or Chunnel as some have nicknamed it for the next couple of days as its approaching some heavy resistance with divergences appearing near the top as you can see on this monthly chart. I’l be looking to sell the Euros on this play and ill be going more in depth with closer time frames, indicators and news when choosing an entry as it gets closer to my target price around .9250 so check back with me soon!