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As experienced traders, we primarily engage in swing trading because we prefer not to be glued to the screen all day. The longer you’re exposed to the market, the more stress you endure, which is why we focus on strategic entries and exits rather than constant monitoring.
Our trading decisions are based on the daily price range, which helps us determine whether to buy near the bottom or sell near the peak. To refine our entry and exit points, we incorporate technical indicators such as the MACD (Moving Average Convergence Divergence), Stochastic Oscillator, and Fibonacci retracement levels.
A key part of our strategy involves setting limit orders to create a "price trap," ensuring that trades execute at optimal levels. Our take profit (TP) levels are strategically placed at Fibonacci retracement levels, allowing us to capitalize on natural market movements while managing risk effectively.
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