Backpack Trader

Category: Swing Trading

The Best Way to Trade Forex

The best way to trade forex is with a capable trade manager interface that can do everything you want it to do. Most traders are still using MT4 to trade forex. This is such an old platform and hasn’t really kept up over the years. It has many advantages because most brokers still offer it…

August 22, 2020
What’s the Difference Between CPT, CPX2, SPT, SMS and Catapult Trader?

Recently I received an email from an old member trying to make heads or tails out of the many strategies I have created out of the years. In short, he owns some of the below strategies, doesn’t really quite know what he has, and is not wondering what the differences are. Incidentally, I hope he…

August 19, 2020
Trading Ten Minutes a Day with the CPX2.0

Trading ten minutes a day is our preferred way to trade and we can accomplish that with the CPX2.0. For those of you who either can’t or do not want to daytrade, you can swing trade with a very small time commitment. I always recommend swing trading with forex or options. CPX2.0 can do both. …

August 18, 2020
How to Trade Options with the Powerful CPX2.0

How to trade options with the powerful CPX2.0 is actually easier than one might think. I have created a short, 3 part video series on exactly that. The CPX2 is so versatile that it works virtually the same on swing trade charts as it does on daytrade charts. In this video series I talk about…

August 12, 2020
One Big Secret to Trading Success — Dynamic Setups

One big secret to Trading Success can be found in our 12 Powers ebook; “the power of dynamic setups.” All 12 powers are important but in this post I want to focus on this one specific power. As we all know, the world is a forever changing place. Price action reflects what is happening in…

August 4, 2020
Swing Trading Forex Takes the Least Amount of Time

Swing trading forex is one of the best ways to trade currencies while also providing very compelling additional benefits. First, it only takes a few minutes per day. We like using daily charts, which literally require from 5 to 15 minutes per day, at the most. Moreover, forex tends to trend really nicely. A trade…

August 12, 2019
Tradestation has a Great Deal for our Community of Traders

Hey everyone, I wanted to share this great deal that Tradestation is offering to our community of traders. Check it out: Spring into the market action with FREE trading until 2020 Just open and fund a new TradeStation account by July 31 and start trading. You’ll trade commission-free through December 31, 2019 if you…

June 26, 2019
Forex Swing Trade Follow Up

Forex Swing Trade Follow up post About eleven days ago, I posted some current forex swing trade examples that were either setting up or already in progress. I thought I would give you an update, beginning with our custom GBPJPY Counter Punch Trader 4 hour chart and tradeplan. This special forex swing trade has been…

May 22, 2019
GBPJPY Tradeplan Winning 86%

This GBPJPY tradeplan with the Counter Punch Trader will not be stopped. I showed this trade the other day as it was in progress. Check out how it’s doing now. This thing just keeps on winning and has been for a very long time. See the GBPJPY Tradeplan that has just hit its first target…

May 10, 2019