Posts Tagged ‘Swing Trading Chart Patterns’

Swing Trading Update – Price Action And Volume – 4.29.16

Saturday, April 30th, 2016

Swing Trading Blog Update – 4.29.16

Well it was definitely an interesting week to trade the markets this week!

The intraday price action was great, both on the long and short side, but it was a little different for the overnight traders.

After a pullback that started at the end of last week we watched the market move bit higher on Tuesday and Wednesday.

This move up got a lot of traders LONG again…but what a difference a day makes.

The sellers came out in force on Thursday and again on Friday.

This "breakdown" created a lower high in the $DIA and $SPY and both indicies then pushed lower towards their 50 day MA's.

Take a look at the video to see a review of the stocks and ETF's we were watching and trading this week.

ETF's mentioned in the video:

$DIA $SPY $RTH $XLE $OIL $SMH $XHB $XLV $GDX $SLV $XHB $XLF $SLV

Stocks mentioned:

$G $BA $CAT $ABX $SLW $M $ANF $PCAR 

Swing Trading Blog – Week in Review 1/13/13

Sunday, January 13th, 2013

Swing Trading BLOG – Technical Analysis Video

In this video we take a look at the overall market conditions and some of the strongest ETFs that are leading the market higher.

We look at the $DIA as it starts to trade into an area of possible overhead resistance.

We see how the Financials ($XLF $IYF), Broker/Dealers ($IAI), Real Estate ($IYR), and Homebuilders ($XHB) are showing tremendous relative strength.

 

Swing Trading Blog – Week in Review – January 6, 2013

Sunday, January 6th, 2013

Swing Trading BLOG – Swing Trading BOOT CAMP

Well 2013 started with a BANG now didn't it?

Swing Trading Strategies and Tactics

This holiday shortened week started out with a rally on BIG VOLUME on Monday.

The price action we saw created a bullish engulfing bar on the charts. This type of chart pattern was a sign for the shorts to cover as the longs pilled in!

Once the news of the fiscal cliff deal came out the marked GAPPED UP in a big way on Wednesday after being closed Tuesday.

This GAP UP left a lot of traders scratching there heads on where they could enter into the move.

As a SHORT TERM trader the day to get long was on Monday…not on Wednesday.

The move that happened Wednesday classifies as a continuation move for us.

We were looking to SELL our SHORT TERM trades towards the end of the week…not enter into new positions.

As you look through the charts you will see nearly the same chart pattern on each one of them.

The sector ETF's look the same although some were better candidates then others.

The Financials ($XLF $IYF) and Homebuilders ($XHB) had some nice setups.

The Steel ETF ($SLX) also had a nice pattern to trade if you caught it in time.

As far as individual stocks go there are too many to list. Lets just say that there were tons of good looking charts out there to trade. ($GOOG, $NSC, $GS, $MA, $V, etc)

Swing Trading Strategies and Tactics

Next week will be the true test to see how real this rally is.

Keep you eyes on stocks that start to pullback to see how the hold up in relation to the overall market.

If the rally continues there will be plenty of time for more good trades.

There is no need to chase the market up.

As always have a plan and prepare for whatever the market throws your way.

Until next week…Good Trading to YOU!

Intraday Swing Trading with PVT

Tuesday, December 11th, 2012

Intraday swing trading 

As day traders we use the PVT method (price action, volume and trend lines) day in and day out.

Yesterday we saw some great examples of PVT in action.

PVT - Price Action Trading Example

On the chart above you can see a nice up trending stock. Let's focus on the area highlighted in the box on the chart below.

PVT - Price Action Trading Example

In this chart you can see one of the text book set ups of the PVT method.

The stock has already made a NEW HIGH for the day so we now that so far we are dealing with a strong stock.

The box on the chart above shows you the first retrace after the high was made.

We look for these retraces to flush out the sellers. 

Once we know the retrace is in effect we look for the clues that price action and volume give us to let us know if the next move will be higher.

In this example the retrace begins one bar after the daily high was established. We marked this as "1." on the chart below.

PVT - Price Action Trading Example

This bar is followed by 2 more bars (marked 2. and 3.) which gives us our "3Down" chart pattern that we love.

After a "3Down" we watch to see if price action AND volume work together to give us an entry signal.

The next bar after our "3Down" pattern (the blue arrow on the chart) we see the tell tale signs of the next UP move.

We notice that as the bar progresses it never trades below the low of the previous bar…a bullish sign.

We also notice that volume is increasing and as this 5 minute bar comes to an end we KNOW that we have increased volume.

We also see this bar trading higher than the high of the previous bar.

As of this together is a text book entry using the PVT method.

Once the entry is made we simply manage our position and watch as price action/volume continue to tell a story.

 

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