Forex trading back-to-basics with Swing Points

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It's been a while since we've taken the opportunity to demonstrate the basic trading methodology employed by the Fibonacci Swing Trader approach, so I thought it would be a good idea to get back to basics for this weekend's complimentary video presentation. Recently, we've further refined the FST system by replacing Stochastics with Swing Points as our top-down momentum indicator of choice. This dead-simple indicator is the timeliest you can choose to work with, since it occurs on price itself and thereby does away with the lagging effect most synthetic indicators are unfortunately vulnerable to. And when you line up the same type of Swing Point (High or Low) concurrently on three consecutive timeframes, you very often get a very well timed entry on a turn. And best of all, this approach is totally scalable -- whether working with the Monthly, Weekly and Daily charts for a Position Trade; or the 60m, 15m and 5m charts for a Scalp trade. Or any combination between those two extremes! I'd like to demonstrate all of these ideas for you by way of this complimentary video presentation. Full video at: http://www.forexmentor.com/swingtrader/update/20111119/