Swing Trading Strategy: 3-5 Day Momentum Plays on Daily Chart

Swing trading on the daily chart is one of the most accessible and consistent approaches for working traders. Here's my core framework: **Timeframe:** Daily chart for signals, 4H for entries **Setup conditions:** 1. Identify the weekly trend direction 2. Wait for price to pull back to a significant daily level (50% Fibonacci, previous support, MA) 3. Look for a daily rejection candle (pin bar, engulfing) at the pullback level 4. Enter on the close of the confirmation day or next day open **Entry:** Day after the confirmation candle closes **Stop Loss:** Below the rejection candle low (typically 40–80 pips) **Take Profit:** Previous swing high (or 2× the stop distance) **Risk/Reward:** Target minimum 1:2 **Trade management:** - Move stop to breakeven after price moves 1× your stop distance in your favor - Take 50% profit at first target, hold remaining with trailing stop Avoid entering Sunday or going into weekend with full-size positions — gap risk is real on swing trades. What's your average holding period for swing trades, and how do you handle weekends?