Swing Trade Money Machine Revised .pdf - Content
The swing trading money machine is a system that uses price action primarily as a means of identifying profitable trades. What you will learn in the following pages and accompanying videos is how to identify swings, recognize a signal and then a trigger for your entry. We will then use a combination of Fibonacci tools as well as a touch of Elliott wave theory to plan our exits. I would add however one of my simplest methods for determining an exit is to do a 3-5 candlestick count from your entry and look to exit.
Unless of course price is showing no signs of letting up in the forecasted direction, and in that case we wait for the reversal to begin to reveal itself. You will find that with at least 60% of your trades your move losses steam and begins to reverse.