Blue Line Trading - Show Me The Money!

Glenn Sperry Rank: 52 Followers: 11 Votes: 22 Years Member: 1 Last Update: 23 January 2018, 22:42 Categories: Chart Patterns
Momentum Stocks
Swing Trading

Buy on the BLUE line. NEW CHARTS are add to the bottom of the list.

Simple trading signals with predetermined sell stop price.
1. Look for strong up trend and buy when price pulls back to a support level & stochastic is over sold < 20.
2. Buy where retail traders place their stop loss orders. The market goes where the volume is.

Exit short term trades when stochastic is overbought AND price is at a supply level.
Exit long term trades when price moves below 200 SMA depending on market conditions.

1 out of 5 trades will probably fail so I try to keep per trade loss to 0.5% to 1% or less of the account size.
Example: Loss limit $500 (0.5% of 100k): If stop is $0.80 below buy price, $500 / $0.80 = 625 shares. Buy 600 shares or less. If the stock sells at the stop price, the loss is < $500. Stop is set below where the price has a high probability to reverse direction.

Less

20170822 Align Technology, Inc. (ALGN)

20170829 TopBuild Corp. (BLD)

20170927 Rush Enterprises Inc. (RUSHA)

20170928 Monster Beverage Corp. (MNST)

20170928 Visa Inc. (V)

20171010 BCE, Inc. (BCE)

20171010 Waste Management, Inc. (WM)

20171018 Ross Stores, Inc. (ROST)

20171019 L3 Technologies, Inc. (LLL)

20171030 KAR Auction Services Inc. (KAR)

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