[MT4] 13# The Swinger Forex System

[kenorb]

CH Method

Submit by moon lay hidden 01/02/2013

Thistrading method is not intended to be traded around news. Generally if you are within 5‐10 minutes

of a news event, stay out of a trade and wait 5‐10 minutes after the news event to trade the next swing.

 Check the major trend to know which direction the big swings will be in.

 Optional: Use Fractals & S/R indicator to visually see and measure swings.

 Place the Tokyo Channel on your chart (using either a sessions indicator or by manually drawing a channel

from 22:00 GMT to 05:00 GMT).

 Do not begin trading until a minimum of at least 40 pips of movement (with a retrace to a fib level) has

been established from the beginning of the Tokyo Channel. Once a minimum of 40 pips has been met, we

look for a break of consolidation to enter a trade. (The Tokyo Channel will/may act as S/R for the rest of

the day as/if price moves to and from these levels. If the Tokyo Channel is less than 40 pips don't trade

the pair until it has moved a minimum of 40 pips.

 Swings should average 20 to 40 pips or more on the M15. (Ideally swings can average 30‐60 pips).

 Trade out of consolidation. Consolidation is 2 or more candles in a given area with generally the same price point hi/low. Always trade out of consolidation and away from the most recent swing(and away from the MAs).

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When there is going to be a reversal, there will (usually) be a new color candle. Enter on

the break of the reversal candle if Stochastic is in agreement.

 You can also Enter or Exit at big numbers. (The goal should be to take profits at 2 or 3 levels of BN’s—or

Mid Range Numbers—beyond where you entered your trade).

Big Numbers are: 00 20 50 80

Mid Range Numbers (50% fib between the Big Numbers) are: 10 35 65 90

All 8 Numbers: 00 10 20 35 50 65 80 90.

Source: https://www.forexstrategiesresources.com/metatrader-trading-system-mt4/13-the-swinger/

Indicator resources:

• https://4xone.com/fractal-support-and-resistance/