These are several fair stop-entry configurations as of Friday. I display a red arrow for each sell entry bar and a green arrow for each buy entry bar. An almost 4-year library of more in-depth explanations of swing trade setups is available to purchasers of the Brooks Trading Course and Encyclopaedia of Chart Patterns (see Online Course/BTC Daily Setups). Members of Encyclopaedia receive daily charts that are updated.
My intention in creating these charts is to offer an Always In viewpoint. These entries would make sense for a trader to make if he was attempting to be Always In or almost Always In a position throughout the day and he wasn’t in the market at the moment. As a result, these are swing entries.
It’s critical to realise that not all swing setups result in swing trades. Traders who are dissatisfied quickly quit. Exiting investors typically want to do so with a tiny profit (scalp), but they frequently have to do so with a minor loss.
You should wait for trades with lower risk or trade an alternate market, such as the Micro Emini, if the risk is too great for your account.