LMTAN

SCGM LONG, Good Risk-to-Reward Ratio

Long
MYX:SCGM   SCGM BHD
The idea of swing trading is to capture ‘one move’ in the markets before the price reverse against you.

This is done by entering your trades from an area of value and exiting it before opposing pressure steps in.

Swing Trading Checklist :

1. Are you entering from an area of value?
a. SCGM : YES (Major Support Area )

2. Do you have a valid entry trigger?
a. Yes, Personally I will average buy in few trades in Major Support Area

3. Is your stop loss away from market structure?
a. Yes Low of the Major Support Line – 1 ATR

4. Is target profits within reasonable reach?
a. Yes, Good Risk to Reward Ratio

Area of Value can be Support & Resistance , Moving Average or Trend Line etc.

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