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My entry point on this chart occurs at February 12th. I always scan to the left to view the pricing action going back over the previous month.
You can see that right around the start of November, AAPL moved sharply higher. That is a pretty powerful move. It lasted about 9 days each candle is a day after trading in a relatively quiet period through October.
Notice how October had relatively small candles. After that initial move that lasted about a week and a half, AAPL traded sideways for the most part and then….
The bottom fell out…where I have the RED arrow! Look at what happened during the time-frame at the end of October and the start of February, where I have the RED arrow.
The price just kept dropping. They got in, expecting it to continue to move higher. They held. Then comes the sharp move down. The recent buyers are now showing a loss.
Day after day, the pain gets greater and greater. They watch as each day, their loss keeps increasing. They throw in the towel along the wreckage along the way shown by the RED arrow.
Those previous Phase 1 buyers GREEN , become Phase 1 sellers RED. Maybe she was already a holder and regretted not adding more.
Maybe she wanted to buy, but was uncertain of the direction. Well, she watched as AAPL rocketed higher and completely missed out, kicking herself each day.
Then, a miracle happened! The train is coming back to the station! So she gets in on the trade. Probably buying the same shares from the previous Phase 1 buyers that are now desperate to get out and unload their bags.
Here you can see the same thing. Notice the sharp GREEN arrow, highlighting the previous upward movement is relatively the same size and duration of the RED down movement.
As in the previous chart, notice how the move starts right around the beginning of with a big candle, after some relatively blah, boring trading days with small candles.
All of the same concepts apply as before, Phase 1 buyers in along the GREEN time-frame, experience losses during the RED time-frame, and many throw in the towel.
Hidden Hillary who missed out on the previous GREEN move step up the plate and start to buy. The stock then reverses and moves higher. Picture perfect!
While you play the slot, a Goblin watches every move you make. Free online Greedy Goblins has a progressive jackpot, and you can see the current value in the upper left corner.
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It is available on PC, mobile phones, and tablets just by accessing a gambling casino that owns it. Demo broken. Then I hold and watch it rise.
Below are two graphs showing typical swing trades that I made. I am going to take these two trades and explain them step-by-step.
Here is a chart of Apple AAPL below. These two examples are what I would say are pretty darn near the typical trade setups that I look for.
They are ideal setups. I gotta tell you, these two charts are perfect! The beauty is in the setup. The shaded areas on the right of each graph show what happened after my entry point.
When I made the decision to enter these two trades, that shaded area did not exist. The chart ended before the grey shaded area.
I had nothing but the hard right edge of the chart to work with.