edit_Swing_Trading_Checklist.pdf

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Swing Trading Checklist
Contents
ABOUT THE AUTHOR ..............................................................................................................................................3
INTRODUCTION ....................................................................................................................................................... 4
EURNZD: A HAMMER FORMED AT SUPPORT................................................................................................... 5
GBPJPY: A GRAVESTONE DOJI FORMED AT RESISTANCE ......................................................................... 5
EURUSD: A BULLISH ENGULFING PATTERN FORMED AT A SWING LOW — IN AN UPTREND.............. 6
DO YOU WANT MORE STUFF LIKE THIS? .......................................................................................................... 6
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Swing Trading Checklist
About the Author
Hi, my name is Rayner Teo.
I’m not a multi-millionaire trader, I don’t drive fancy cars, and I don’t live in a
penthouse.
But I am an independent trader, an ex-prop trader, and the founder of
TradingwithRayner.
I specialize in studying great research (from people much more qualified than me)
and applying it to the real-world of trading to find out what works and what doesn’t.
And finally, share them with traders like you so you can become a consistently
profitable trader.
Cheers,
Rayner Teo
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Swing Trading Checklist
Introduction
The idea of swing trading is to capture “one move” in the markets before the price
reverse against you.
This is done by entering your trades from an area of value and exiting it before the
opposing pressure steps in.
Here’s what I mean:
Swing trading checklist:
1. Are you entering from an area of value?
2. Do you have a valid entry trigger?
3. Is your stop loss away from market structure?
4. Is your target profit within a reasonable reach?
5. Do you know how to manage your trade?
6. Are you risking a fraction of your capital?
7. If you answered yes to the above, then take the trade.
Area of value can be Support & Resistance, Moving Average, Trend Line, etc.
Entry trigger can be Engulfing Pattern, Hammer, Shooting Star, False Break, etc.
Stop loss can be 1 ATR away from Market Structure, Swing High/Low, etc.
Target profit can be at swing high/low, Support & Resistance, Fibonacci extension, etc.
Here are some examples…
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Swing Trading Checklist
EURNZD: A Hammer formed at Support
GBPJPY: A Gravestone Doji formed at Resistance
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