…and yet another Swing Trading journal

Last week I tweaked my method of scalping to get about as close to “perfection” for me as possible, so in the spirit of continued exploration, this week I’m applying a Combination Stochastic-RSI Strategy to my envelopes, adjusting parameters accordingly, to see if I can also come up with a profitable system for swing trading.

Unfortunately, none of the major currency pairs are properly structured at the moment to allow me to enter a position, so here is what I will be waiting for, as conditions currently stand:

To BUY these pairs I need for…
AUDUSD to fall below 0.7478
EURGBP to fall below 0.8480
USDCAD to fall below 1.3004

To SELL these pairs I need for…
GBPJPY to climb above 134.64
GBPUSD to climb above 1.3204
EURJPY to climb above 115.13
USDJPY to climb above 102.82

To TRADE these pairs I need for…
EURUSD to establish a definite trend in either direction
USDCHF to establish a definite trend in either direction

Given my personality, I like to add a little bit of change to my pockets on a daily basis, and for that reason, I’m not, nor do I aspire to be, a swing or position trader. Nonetheless, the illustrations accompanying the description of the strategy I want to explore this week (Combination Stochastic and RSI Strategy) displayed a daily and weekly chart, so I’m going to go ahead and try to use daily charts for this little experiment/exercise.

…and yet another Swing Trading journal