Generally speaking, swing trading refers to holding a position for a longer duration than a typical day trade. A typical day trade may last seconds, a few minutes, but generally not over an hour. In contrast, a swing trade can be many hours or days in duration. Because swing trading involves a greater period of time, the potential for profit and loss is greater. So what it comes down to is, how accurate is your swing trading system?
John Paul from DayTradeToWin aims to answer that question with his new Blueprint software. The actual Blueprint technique is from his exclusive 8-week Mentorship Program. However, being able to get your hands on it outside of the program is a new thing. Many traders have leaped at the opportunity, having seen the Blueprint’s versatility with many chart types from small time frames such as 30-Second all the way to Daily charts. You’ll be able to see 15-Minute and Daily signals in this new video…
In addition to time-based charts, the Blueprint happily works with Volume, Renko, and if conditions are suitable, Range charts. The included video and live training describe various use cases. Please keep in mind that swing trading may not be suitable for every day trading account. In fact, it is likely that a broker will require special funding to enable a position to be held around the clock.
What is an additional way to “confirm” the Blueprint signals for swing trading? DayTradeToWin’s John Paul has freely taught the January Effect for a number of years. If January 1 to January 31st show upward movement, it is expect that by December of that same year, the market will also show upward movement, closing higher for the year than it opened back in January of the same year. John Paul has said that one can see this pattern again and again going back through many years of trading history.
So, with the January Effect established for a given year, the next thought is, “If the expectation the year is going to be an up year, how can I take advantage of the rising movements?” And that is where the January Effect retracements come in. Once such an area is identified, when price moves upward from the 50% level to quality as a retracement entry opportunity, see if the Blueprint “agrees” with a closely placed signal on a daily chart. You may be surprised!
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