Respectfully, I think you missed Pipsteroid’s point, which is that all the established textbooks actually say exactly the same thing, on this greatly misunderstood subject.
He was right. They do.
You’re labouring under rather a common misapprehension, unfortunately perpetuated by a lot of online misinformation from “vendors”.
Lol, actually I did exactly that: I said “Swing trading has no connection to timeframes at all.”
And I mentioned “page 1 of any other proper, established textbook: they all start by explaining this common misunderstanding”
And I explained that “There’s intraday swing trading, too.”
And I said “It’s just not about timeframes/speed!”
That IS the correct answer. I’m really sorry it’s apparently not the one you wanted.
Maybe it’s better if I just ignore your posts in future (exactly as some other members here have apparently already concluded, for themselves, too). Good luck with your trading.
Explaning what swing trading is not is not the same as explaining what swing trading is.
I also scanned “The Master Swing Trader” by Alan Farley. It doesn’t seem to actually define swing trading. It explains some aspects of swing trading, but I didn’t find an actual definition when I scanned the book. I couldn’t find the definition in the initial pages. The book’s glossary section gives me a rather vague short definition that’s not really clear.
I’m not arguing that you are incorrect, but that’s not a definition of swing trading.
I don’t like the fact that you look down on me. That’s a bad attitude.
If you have the books, why don’t you just open the book and type the definition here? No one has bothered to type the definition from the books.
I could not find a clear definition in “The Master Swing Trader” by Alan Farley when I scanned the book. I couldn’t find the definition in the initial pages of the book.
If you are going to say you are right, at least type the definition here, or give me the exact pages of the exact books.
And, what are the established text books? Nobody on this thread has clearly defined what the established text books are.
Instead of harping on about how wrong I am, just type the definitions here, or give me the exact pages of the exact books where I can find the definitions.
And, if you are going to say established text books, explain where I can find them or how I can find them, or just give me the book titles. If you just say established text books, how am I supposed to know what they are?
As I mentioned above, “The Master Swing Trader” by Alan Farley didn’t seem to define swing trading. If you still think it defines swing trading, you are going to have to give me the exact pages where I can find the real definition or just type the definition from the book here.
On this forum, I found another definition of swing trading.
swing trading refers to the type of trading trying to catch the move between a swing low and a swing high, not to the time frame
At least, this definition defines what swing trading is and what it is not. If this is the definition, then I’m a swing trader.
I scanned “The Master Swing Trader” by Alan Farley, and it didn’t define swing trading as clearly as the above definition. In one definition, a swing trade is merely a trade meant to capture price swings. In other definitions, it means multi-day swing trades.
I don’t really care which definition is correct because this doesn’t help me make money.
Look, if you found it, then just type it here. I haven’t. Just quote the book.
If you can’t quote it, then how do I know you are not lying to me?
Pipsteroid only explained swing trading is not related to timeframe. That’s not a definition of swing trading. That’s only a description of what swing trading is not. A real definition would explain what swing trading is and what it is not.
In reality, swing trading characterizes a time frame-independent strategy that executes single, direct price movement. In this era of massive market liquidity, the swing trader may find excellent opportunities on both 5-minute and weekly charts.
That’s the closest I found to the definition in the book.
If that’s definition, then any trade that has a predetermined entry and a predetermined target is a swing trade.
A real definition would explain more clearly. For example, single direct price movement is not clearly defined. It’s confusing.
swing trading refers to the type of trading trying to catch the move between a swing low and a swing high, not to the time frame
This definition from another forum member actually looks like a definition. Catching a move between a swing low and a swing high. Now, it’s actually clear.
You should be the one to stay away from me. Not me who has to leave.
You even said indicators should be used on daily or higher timeframes. I didn’t care to respond to that, but that’s also wrong. VWAP is best used under 4 hour timeframe. Stochastic RSI works best on VWAP timeframes which are usually under 1 hour. VWAP and Stoch RSI are best used under one hour.
You are just here to ridicule people on little points that don’t really matter.
If you don’t have anything useful to say, then don’t come to me. I actually read page 1 and more, and I didn’t find anything that qualifies as a real definition.
If you want to be taken seriously, quote the book, and explain it in your own way.
In reality, swing trading characterizes a time frame-independent strategy that executes single, direct price movement. In this era of massive market liquidity, the swing trader may find excellent opportunities on both 5-minute and weekly charts.
is the closest thing to a definition I found in “The Master Swing Trader” by Alan Farley. That’s not really a definition because a real definition would explain single direct price movement. If single direct price movement is not clearly defined, it can even mean the spread between bid and ask.
Because swing trading has “swing” in its name, a better definition is
swing trading refers to the type of trading trying to catch the move between a swing low and a swing high, not to the time frame
This definition came from another forum member. It actually defines a swing trading as a form of trading that catches a move betwen a swing low and a swing high. It is meant to capture a price swing which definitely doesn’t mean the bid-ask spread.
Either, someone finds a better quote from the book, or another forum member gave me a better definition. Unlike those who use the book as an excuse to ridicule someone, I actually quoted the book and even found a better definition than the book’s vague definition.
Don’t come to me if you aren’t interested in genuine discussion. Don’t use supposedly “established” textbooks as an excuse to ridicule someone. If you are not going to quote a book and explain quotes in your own terms, you are not interested in genuine discussion.