Amazingly Simple TT Blackbox Swing Alerts via Jonathon Walker’s Eyes:
Simply the best algorithms! We give a 7-Day free trial because we feel confident with our results. Our subscribers can attest to this, with many who make WAY more in profits during the free trial than it would cost to subscribe for an entire year!
* Our Proprietary algorithms that alert on your web browser for day & swing trades, and will categorize it as “Bullish” or “Bearish”
What do I look for when selecting the swing trade alerts I will trade?
Earnings – I am looking to verify that the stock does not have earnings within 2 weeks of the alert. I am also looking to see if the stock has recently had earnings it was more than 7 days ago. I look at this because I do not want my swing trade to be impacted by traders trying to play the earnings. Meaning I “DO NOT” want to be in the middle of traders scaling into, or out of positions causing an uptick in unusual volume.
Volume – I verify the stock trades an average of 1,000,000 shares per day.
What is a Swing Trade?
Typically, swing trading involves holding a position either long or short for more than one trading session, but usually not longer than several weeks or a couple of months. This is a general time frame, as some trades may last longer than a couple of months, yet the trader may still consider them swing trades. Swing trades can also occur during a trading session, though this is a fairly rare outcome that is brought about by extremely volatile conditions.
The goal of swing trading is to capture a chunk of a potential price move. While some traders seek out volatile stocks with lots of movement, others may prefer more sedate stocks. In either case, swing trading is the process of identifying where an asset’s price is likely to move next, entering a position, and then capturing a chunk of the profit if that move materializes.
Successful swing traders are only looking to capture a chunk of the expected price move, and then move on to the next opportunity.
Let’s look at the TT Blackbox Swing Trade Alerts from 4/07/2020
Swing Alerts 4/07/2020
Apr 07, 2020 09:00 Bearish swing trade MDLZ Mondelez International Inc. $52.76 —> $51.16
Based on entering as soon as the Stock Ticker Alerted: The Swing Trade Alerts for 4/7/2020 currently have a 100% win ratio. Keep in mind the swing trade alerts are based on a setup lasting 2 days to 2 weeks. Every one of these alerts have 1 week of time left on them.
For all of you wanting to know how I decide to enter and exit my trades, I have listed those key points below:
I have created a watchlist of the tickers I like to trade the most. Download my watchlist right “HERE”
I review that watchlist against the alerts from the TT Blackbox each 5-minute interval.
I focus on the $VIX. This measures volatility in the market. If volatility is moving up, the market is moving down, and vise versa. This simply means I start here and does not mean I will not trade against the market. However, I do not recommend that for the novice trader.
Once I know the direction of the market, I start to focus on the tickers moving in that direction.
Once these tickers alert on the TT Blackbox, I typically wait till the closure of the next 5-minute candle and I enter.
I then immediately set a limit sell order for 5%. Keep in mind I am trading shares in the price range of $30-$400 tickers so 5% is big money.
I exit my trades based on two points. One, being the TT Blackbox stops alerting or alerts in the opposite direction, and two being my 5% target has been met.
Here is a screenshot of the tickers I watch daily:
How to use the swing trade feature in the TT Blackbox | Blackbox Trading
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