029: Brian Shannon – The Science of Technical Analysis, Versus the Art of Trading
Chat With Traders
Swing Trading - Is the Stock in a Down Trend?
When i'm looking at a swing trade set up, and that's my preferred time frame, is that i want to look for stocks that will last a few days in terms of the trend. And obviously there's certain conditions where we've got a choppy market and it's just not feasible. But i'll look for the the bigger trend on a daily time frame. The direction of the 50 day moving average? Now that will just tell me, ok, if it's rising, well, then we're in an up trend. I generally want to buy the stock when it makes a higher high above a flat to rising five day moving average.
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