{{ "2017-03-27 08:00:00Z" | moment:{inputFormat: 'YYYY-MM-DD HH:mm:ssZ'} }}

Autochartist tips and tricks

Did you know you do not have to wait for a pattern break-out?

What is a Swing Trader? 

Swing traders typically follow a trend instead of waiting for it to break out (trend traders). Aggressive traders sometimes trade on intraday-trends, but typically swing traders look for multi-day chart patterns involving:

  • head and shoulders
  • flags
  • channels
  • triangles
  • wedges

All these patterns are conveniently detected across hundreds of instruments by Autochartist.

Stop-losses tend to be wider when swing trading to match the proportionate profit target”.

Below a few examples of how to trade patterns. 

Swing trading a channel 

swign trading channel

Example of a channel identified by Autochartist

A Swing trader would wait for a possible price reversal somewhere at the lower rising trend line. Since it is raising the swing trader doesn’t know exactly where the price could reverse but from the projected dashed line he has an idea. 

AC Channel Down

Swing trading a triangle

An emerging triangle has been identified when you can draw two trend lines which touch the price at least twice. 

swing trading triangle

Example of a Triangle identified by Autochartist

AC Triangle

Disclaimer

The technical analysis, like any and all indicators, strategies, columns, articles and all other features, accessible through this platform (including those from Autochartist) is for information purposes only and should not be construed as investment advice. Technical analysis is obtained from sources believed to be reliable, but Saxo Bank Group does not guarantee its completeness, accuracy, or any results from the use of this information.

Your use of the technical analysis tool, as with your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your own responsibility to evaluate the accuracy, completeness and suitability of the information. You should assess the risks of any trade with a financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.

Please also be advised that if any of the said technical analysis or any of the said indicators, strategies, columns, articles and other features accessible on/through this platform is found to be advisory or a recommendation, the content is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to, and does not form part of any offer or recommendation directed at you specifically, or have any regard to your investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment, please seek advice from a financial or other professional adviser regarding the suitability of the trade for you and where available read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please consider carefully whether the product is suitable for you as you alone remain responsible for your trading gains and losses.