Forex Easy SWING Trading System Based on ADX and Momentum Indicators

Forex Easy SWING Trading System based on Easy Forex System , ADX, and Momentum Indicator.  Many trading strategies Forex Easy SWING Trading System use the ADX indicator to identify strong trends.

 
The ADX indicator is good at identifying strong trends, it is a lagging indicator. Lagging indicators might work for position and SWING trading.

 

• Time Frame: H4 or D1
• Markets: Forex and Indicies

 

• ADX 9 period (level 22);
• Easy Forex System (line Blue, lines Yellow and White) ;
• 12 SMA (close, line magenta).
• Momentum Indicator

 

 

Price Above the channel (line blue and yellow only trades only buy)

Price Below the channel, trades only sell.

 

• Price above the channel.
• ADX> 22 level D+>D-
• Momentum above 100
• white line crosses downward 12 SMA

 

• Price above the channel.
• ADX> 22 level D+>D-
• Momentum below 100
• White line crosses downward 12 SMA

 

There are numerous opportunities for creating profitable swing trading strategies in the forex market. Although many swing traders focus on anticipating the breakout after a period of consolidation, channel trading is arguably one of the simplest swing strategies to implement. When a currency pair trades within a defined price channel, whether bullish, bearish or trendless, the consistent oscillation of price between support and resistance levels offers multiple opportunities within a relatively short period.

To take advantage of this swing trading strategy in the forex market, first look for currency pairs trading within a channel. A price channel is defined by drawing trendlines with 12 SMA.