A Practical Guide to Swing Trading by Larry Swing
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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