Instead of entering this swing
trade setup based purely on anticipation of the pattern working, our technical trading system mandates that we first wait for price confirmation that indicates momentum has shifted back in favor of the bears.
Not exact matches
The MTG Stock Screener is web -
based software that simply uses preset formulas to quickly narrow down and provide you with a list of the best stock breakout or pullback
setups, but it does NOT provide you with specific guidance on
trading strategy or when to buy and sell.
Rather than looking at actionable swing
trading stock and ETF
trade setups in a market that has not exactly been conducive to new swing
trade entries lately (whipsaw city), today we will instead assess the current technical support and resistance levels of several broad -
based ETFs that track the main stock market indexes.
In this educational blog post, I walk you step - by - step through the technical
setup of that momentum -
based swing
trade of $ JO.
Our rule -
based swing
trading system is designed to profit from three different types of technical
trade setups: Breakouts (Combo, Relative Strength, and Blast Off), Pullbacks, and Trend Reversals.
All the stocks and ETFs discussed in today's video were found using the new MTG Stock Screener, a web -
based program designed to help swing traders quickly and easily find the best short - term
trading setups that meet our strict technical criteria.
Based on the weekly and daily chart patterns above, we have officially added $ IBB to our watchlist as a potential swing
trade setup on the short side.
Stops can't just be placed randomly nor placed
based on the position size you want to
trade, they need to make sense and be in the context of the price action
trade signal /
setup and also in the context of the current market dynamics.
Overall, we like the technical
setup for a momentum -
based swing
trade buy entry into $ GLD, but we will patiently wait for a proper entry point first.
Now, the Morpheus Stock Screener instantly presents you with the best stock
trade setups (
based on our
trading system and proprietary algorithms) in USA, Canada, India, UK, Hong Kong (new), and Brazil (new).
With $ NEWR forming a tight -
base near the highs its two - year
trading range, let's walk through the charts of multiple timeframes to analyze the breakout
setup.
These near the money call options are reasonably priced because we buy most breakout
trade setups within the
base — before the stock actually breaks out of its range.
For ETFs and stocks we are stalking for potential swing
trade entry, we keep an internal watchlist of
setups that are moving in the right direction, meaning that they are above their respective 50 - day moving averages and also setting «higher lows» within a
base.
When we first explained the
trade setup on September 24, we said our estimated holding time for the swing
trade would be just 2 to 5 days because we were only looking for a «very quick, momentum -
based «pop» above the 200 - day MA.»
One of the main types of short - term
trade setups that is part of our proven swing
trading strategy is to buy Potential Breakouts above valid
bases of consolidation, in stocks exhibiting relative strength in the broad market.
In this
trading strategy video (below), we similarly show you a speedy and efficient way of how to scan for the best stock and ETF breakout
setups (stocks and ETFs with relative strength that are poised to «break out» above a
base of price consolidation).
Stops can't just be placed randomly nor placed
based on the position size you want to
trade, they need to make sense and be in the context of the price action
trade signal /
setup and also in the context of the current market dynamics.
Although
trade setups may vary
based on factors such as preferred methodologies and risk tolerance, following some of the simple tips outlined above can potentially improve
trade performance while reducing risk.
While potential
trade setups can vary
based on the methodologies used as well as risk tolerance, here are a few simple tips when looking for strong
setups:
I too was a struggling trader early on in my career, but once I discovered the power and simplicity of
trading off simple price action
based setups, I never looked at any other indicator or
trading software again.
Just a quick observation (
based on successful long - term demo
trading)... What you say about discretion regarding
trade setups can be applied to discretion regarding risk: reward.
Figure 3 illustrates a forex
trading setup that makes use of a unification of fractals (numerous time structures), Fibonacci -
based moving averages (positioned at 89, 144, 233, 377 and their reversals) and a momentum indicator.
I particularly liked that you said not to take EVERY PA
setup, but to go with a developed «gut feeling» developed around PA
trading, instead of around indicator -
based trading.
If you want to learn more about how I
trade «Low - Frequency» price action strategies on the Daily Chart time - frames; check out my price action
trading course and member's community; my
trading philosophy is
based on
trading only the highest - quality price action
trade setups, which means less
trades and less stress!
In Edgewonk, you can simply tag your
trades based on the system / strategy /
setup that the
trade was
based on and then analyze the data effectively and individually.
The price action trend line forex
trading strategy is a strategy that
trades based on a trend line breakout
setup.
The popgun bar pattern forex
trading strategy is a
trading strategy that executes buy / sell alerts
based on the
setup of an inside bar followed by an outside bar.
Start by tagging all your
trades based on the
setup you took, but don't stop there.
It's also worth noting that the Waxman - Markey bill, a cap - and -
trade setup for greenhouse gases that starts by giving out many licenses to industry but puts up a growing number for auction in later years, was actually passed by the House of Representatives last year; it's hard to imagine a broad -
based emissions tax doing the same for many years.
MF Global Inc. (Chicago, IL) 2008 Trader Support Representative — Electronic Platform
Setups • Provided necessary assistance to brokers through demonstrations and on - going support concerning electronic platform access, account maintenance, and MF Global Client Registration website usage • Created and distributed log - in credentials for account access through various
trading platforms
based on the specifications required by brokers, traders, and firm risk management personnel • Supported risk management department throughout account approval process, accurately applying directives to trader platforms