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Re: jaws57 post# 28200

Wednesday, 06/28/2023 11:18:41 AM

Wednesday, June 28, 2023 11:18:41 AM

Post# of 33852
You have likely noticed the swing trading charts and trading rules I use have changed over time. I like to think I am prepared to change when I recognize improvements or simplifications.

The whole idea behind my swing trading approach is about identifying the trend, NOT picking tops or bottoms. It's about identifying the trend (yellow box's below) and remaining on the right side of the tape when it matters the most.

Below is a more notated chart that will hopefully answer your questions. I used the KOLD chart as it has been dynamic over the past few months, and illustrates the signals well.

The solid line yellow box's signify using the fast solid line sell circle/signal.

The dashed line yellow box's signify using the slower dashed line sell circle/signal

The box's use the same buy circle/signal, so they are on top of each other on the buy side of the identified trend.

One additional note is when the price action is above the 200MA, I tend to use the slower PPO roll-over sell signals (dashed green circles) to let it run a bit longer. When price action is below the 200MA, I tend to use the faster PPO roll-over sell signals (dotted green circles) to better capture a gain. GLTY

https://stockcharts.com/h-sc/ui?s=KOLD&p=D&yr=0&mn=4&dy=1&id=p54095278329



...I am watching BOIL closely today. Currently trading below the 200MA, and the fast sell signal is showing this morning.

https://stockcharts.com/h-sc/ui?s=BOIL&p=D&yr=0&mn=4&dy=1&id=p30266430972

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