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What Tools are Available?


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4.7 What Tools are Available? 
The tools fall into several categories. 
Visit: 
http://www.mrswing.com/
or email: larry@mrswing.com 


A Practical Guide to Swing Trading by Larry Swing 
• 
Subscriptions services that provide daily swing trading recommendations – 
www.mrswing.com
 offers a service called BestSwings. Larry Swing uses 
technical analysis and pattern recognition software (SwingTracker) to 
identify candidates for swing trading. Every evening, subscribers receive e-
mails that identify several different types of patterns that are conducive to 
swing trading. Aside from showing you the pattern, the email indicates the 
current price, the entry price, the target (limit) price for taking profit, and the 
stop loss price for limiting downside risk. This service can be used by 
investors at all knowledge levels. 
An example of a BestSwings email alert for ZIGO is shown on the next page.
A candlestick chart shows the recent price action, and a table indicates the 
closing price and all three action prices – the price to buy (using a buy stop 
order), the target price which is 7% above the purchase price (using a buy 
limit order), and the protective stop price which is approximately 4% below 
the purchase price (using a sell stop order). The 20- and 50-day moving 
averages (MA) are also shown so that you can more easily visualize the 
direction of the trend. 
The rational behind these prices are discussed in the section entitled The 
Master Plan
Visit: 
http://www.mrswing.com/
or email: larry@mrswing.com 


A Practical Guide to Swing Trading by Larry Swing 
Visit: 
http://www.mrswing.com/

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