Johnny Rock's comeback

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
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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
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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.

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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
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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.

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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.
 
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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!!

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