Forex encyclopedia

Over decades, swing-trading term was only applied to the situation on the futures market, when trader had held open position for more than three days until received highest profit from cyclical price fluctuations both in sales and buying. This method is applicable today as well for any order that does not require an active intraday trading. But real opportunities of such an efficient trading art and such a generalized approach puts certain limitations. Under the conditions of an absolute liquidity of financial markets, trader can find excellent chances on daily, hours' or minute's charts.
Popular article: Renko Trading System
This type of chart is applied in technical analysis, which renders movement of the price in the form of diagonal rows consisting from rectangles (bricks). Each new rectangle is always built to the right from the previous one and its location is higher or below the previous Renko rectangle. Mentioned upward or downward movement of price (for example, each 10 points) is marked by adding rectangle below (above) and to the right from the previous one. Upward movement is indicated by a transparent brick whereas downward movement (below previous value) – by a colored brick.
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