Price action tricks that make you a superior swing trader, since you learn Forex swing trading, you might be interested to medium or long term approach by using price action trading. It’s no doubt that swing trading becomes a great choice for traders who can enjoy to hold their trades for several days instead of day-by-day trading like day trader does. In this article, you will learn some tricks to be a better swing trader.

5 Price Actions Tricks to Make You a Better Swing Trader

If you have learned about swing trading before, you must have realized that there are numerous strategies that you can apply in this trading style. Among the options out there, executing swing trading with price action analysis is considered as an effective way to do. Mostly, it is because it makes sense. And here are several powerful price actions tips to improve your swing trading

Trick 1: Learn to Read Market Structure

When you do swing trading with price action analysis, it is highly important to have a skill to read the Forex market structure as well as integrate it into your analysis. We cannot deny that it is a fundamental skill which a lot of traders ignore and don’t take in into account when making decision. So, take your time to read market structure as well.

Trick 2: Trade ‘In Position’

There is another common mistake that many traders do: entering a trade out of position. If you are likely to do the same, keep it simple by remember that the basic principle of Forex trading is to purchase low and sell high. It is surely risky to buy high in uptrend and then sell low in downtrend. Here, use counter trend retracements for your advantage. 

Trick 3: Seize Re-tests of Key Technical Level

Some of the most advantageous swing trades happen when the Forex market re-tests essential technical levels on the chart. This is actually one of the main basics of swing trading that you are looking at important levels which once formerly held as one property to be valued as another. So, don’t miss a moment when long-term consolidation structure is broken and re-test after a breakout.

Trick 4: Provide Trades the Moment They Really Need

When you place a trade, there will be a wave of psychology conquests your mind. When you do swing trading, you should think differently than those scalpers or day traders who don’t like to hold trades for long. For a swing trade, it generally can last for a few months, or it can last for three days depending on how quick the market is moving. 

For your information, some bearish Forex markets go so quick that you are able to achieve big targets very fast. The most significant thing that you can do here is to provide your trades the time they deserve to hit a logical target. We recognize price doesn’t move from point to point in straight motion, but zig zags, stutters and side steps. 

Trick 5: Don’t Over Analyze Your Charts

Another mistake that many traders do is over analyzing their charts. As a swing trader, first of all, you have to maintain your charts clean and lean. Don’t be a trader who thinks to deeply into the charts since you might end up in a moment of data conflicting which avoids you to make better trading decision in the market.

Moreover, it is also common for traders to divert too much effort into analyzing charts on micro level. In this case, one of the best changes you can make is to develop your chart reading abilities on switching to the top down analysis strategy. In addition, you should keep practice and learn Forex swing trading as well.