Reply To: FTSE 100 swing trade closed

Christian Harris

    I use support, resistance, and Fibonacci retracement for additional confirmation. My charts are pretty clean.

    I mark all major S&R price zones on my chart using a DAILY timeframe and then wait for the price to break a zone. My take profit target is the next key price level. I have to be patient, but I have found that the success rate is high.

    When swing trading without leverage, I only enter LONG positions because indices typically go up, and I’m patient.

    When trading with leverage, I sometimes hedge because swap fees can cost me money, even if I’m right.