Technical - Long Swing Method

Weekly chart
1. Trendline, 3 moving average lines (13, 26, 52 periods) & long MACD indicate same trend
2. Stochastic X upward below 30% level indicate that major downward retracement may have bottomed out. Stochastic X downward above 70% level indicate that major upward retracement may have topped off.
3. Price candle supported by any of the moving average lines.
4. Switch to daily chart to monitor daily movement of following week for timing to enter trade & identify entry price

Daily chart
5. Default MACD & 2 pairs of moving average lines [10 & 40, 89 &144] indicate same trend as that on weekly chart
6. Stochastic upward crossing at below 50% level to enter BUY trade OR downward crossing at above 50% level to enter SELL trade. Moving average lines & long MACD indicate same trend as major trend.
7. Stochastic X on weekly chart indicates major trend is going to undergo major retracement. Bearish price candle at a distance above 13 week moving average line for major uptrend OR bullish price candle at a distance below 13 week moving average line for major downtrend.
8. Close trade position when default MACD indicates change in direction on daily chart.

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