Last Post: 05/08/2016 10:50:41 AM
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This is a board that was started after trading a few swing stocks. Where I can not monitor my trading every minute through the day because of my work, this is the reason I have decided to swing trade and play bottom plays. I have been trading stocks for about 4-5 years now. Started out trading penny stocks and made a few dollars but pretty much lost everything. Decided that had to get away from the OTCBB and PINK STOCKS.
The purpose of this board is to help others with swing and bottom chart trading. We also try to find stocks that have hit the bottom of a chart for reversal. Play the stock up to the resistance and sell, then wait full pullback and buy for the swing up.
This will be an educational board helping traders to learn swing and bottom trading as well as picking potential stocks for profits. Will be posting charts daily of potential swing trades and bottom plays.
I ask that everyone respect opinions on the board whether you agree with them or not. We are all here to make money and avoid the minimum loss we can.
I have found out about a new indicator called the Alligator Indicator by Bill Williams. The set up is 5ma, 8ma & 13ma. After talking with a fellow trader, he tested the 2, 6 & & 7 moving averages for over 100 trades and it works very well. It helps you to get in earlier before a run and gets you out before a pullback. He has been using this for 10 years. My new set up for this indicator are as follows: 2ma, 6ma, 7ma, 50ma & 200ema; Indicators: RSI at 14, MACD 12,26,9, ATR at 14 & Full Sto set at 14,3,3.
The purpose of this board is to help others with swing and bottom chart trading. We also try to find stocks that have hit the bottom of a chart for reversal. Play the stock up to the resistance and sell, then wait full pullback and buy for the swing up.
This will be an educational board helping traders to learn swing and bottom trading as well as picking potential stocks for profits. Will be posting charts daily of potential swing trades and bottom plays.
I ask that everyone respect opinions on the board whether you agree with them or not. We are all here to make money and avoid the minimum loss we can.
I have found out about a new indicator called the Alligator Indicator by Bill Williams. The set up is 5ma, 8ma & 13ma. After talking with a fellow trader, he tested the 2, 6 & & 7 moving averages for over 100 trades and it works very well. It helps you to get in earlier before a run and gets you out before a pullback. He has been using this for 10 years. My new set up for this indicator are as follows: 2ma, 6ma, 7ma, 50ma & 200ema; Indicators: RSI at 14, MACD 12,26,9, ATR at 14 & Full Sto set at 14,3,3.
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