Swing Trading for Dummies: For the basic premise search the way back machine Trading for Dummies Stocks on the move do not have to be happy plays since this is a swing strategy; news plays, expansion bars are stocks to watch Entries come on breaks of narrow range (limit risk) bars; preferably inside bars or orderly pullbacks Weekly/monthly time frame Exits could be the 10 ma, 2 bar stops or based on reward:risk (test each parameter) Stop: h/l of trigger bar
What if: Combine Stan Weinstein's market cycles and 10/34 cross on monthly I have another idea to catch stocks in freefall (like weight watchers) after a huge run up but I want to check other markets before I post it
If this wasn't a commodity at this point in the cycle I would attempt my modified paper trading dummy system. Once the 10 crosses the 34 to the upside I will be looking for longs (on the monthly and weekly). None of the rest of the indices I am following are if any interest right now.
Swing Trading for Dummies: Late entry Short at open on Monday Initial stop at most recent high Rolling stop at 2 bar high
Swing Trading for Dummies: If the low of this week's bar is taken out before the high, short entry Initial stop will be over this week's high (top horizontal line) Rolling 10 MA stop to protect profits if the trade is triggered and falls fast. Currently the market is trading above the 10 & 34 MAs. If the trade is triggered and stagnates tye rolling stop will be a 2 bar stop. Paper trade
Stopped out of weekly trade I will post the chart this weekend. However, today I want to post the monthly. Check out the steep trend line and the 2btop/doji.
https://amzn.to/2VpOks2 I've had this book in my Amazon cart for, maybe, two months. The price dropped today to $14 (Prime), so I pulled the trigger. When I first read this book my mind was stuck on day trading, loaned it out to a friend - years later - and never got it back. I need to re-read this book!! And I know what some of you are thinking; this guy's hairdo is a little out of style. Well, so is mine.
Great news! I just heard from Larry Sugar. If you have followed this train wreck of a trading journal you know that me and Larry had our moments. Overall, I think he is a good guy - maybe a tad creepier than Joe Biden (but who isn't, really?) - and I am so happy he signed a cereal deal with General Mills. Larry Sugar is a baller! This deal looks like it should pay some bills!!