How to Use the SB Trade Desk Swing Trading Information
When you’re trading, you need ideas AND timing. There are any number of websites that offer ideas or timing. SB Trade Desk offers ideas AND timing. This video walks you through how to quickly access both the SB Trade Desk Swing Updates and the Long Term Page. The combination is a powerful portal to both ideas AND timing.
Major trends, patterns, wave counts, analogs, and price levels are highlighted on the Long Term Page. Swing Updates highlight technical trading levels, charts of interest, open trades, pending trade orders, and the watchlist. The watchlist consists of trade ideas that could trigger in the next one to two days given a specific set of conditions. It’s important to specify that watchlist markets meet a specific set of conditions because without specific conditions you are trading without process. It’s easy to get lost given the market’s day to day fluctuations and if you trade without context and process, you’ll be lost. Don’t trade lost!
The Long Term Page details mostly monthly and weekly charts for G7 currencies, the S&P 500 (and other major indices when I have a view), and gold. You’ll find long term slope analysis, cycles, wave counts, highlighted long term price levels, analogs, and more on this page. The longer I trade, the more I’ve come to rely on the longer term charts for not just ideas…but even timing. It’s uncanny the precision with which long term slope levels can help time an entry. The Long Term Page provides much needed context to the trade levels and ideas presented in the Swing Updates. With context and process, you have an idea of whether or not you should be buying weakness and selling strength or preparing for breakouts (range expansion). Sounds good, right?
Check out an SB Swing Trade Update example here.
Check out EidoSearch. EidoSearch is used by banks and hedge funds and the only place where retail FX traders can access EidoSearch is through SB Trade Desk.
About The Author
Jamie specializes in swing trade setups. His 2008 book, Sentiment in the Forex Market, details trading and analysis techniques that he continues to use. More importantly, his trading style and education is a result of years of real trade experience both inside and outside FX.