Blue Line Buy Signals - Show Me The Money

Glenn Sperry

Buy on the BLUE line. NEW CHARTS are near the bottom of the list.

Simple trading signals with predetermined sell stop price. I document good and bad trades to learn better trading methods. When fully invested, I still put stocks on the watch list to track my trading success/fail ratio.

1. Look for strong up trend and buy when price pulls back to a support level & stochastic is over sold < 20.
2. Try to buy where retail traders place their stop loss orders. The market goes where the volume is.

Short term trade exit when stochastic is overbought AND price is at a supply level. Long term trade exit when price is below SMA depending on market conditions.

1 out of 5 trades will probably fail so I try to keep per trade loss to 0.5% to 1% or less of the account size.
Example: Loss limit $500 (0.5% of 100k): If stop is $0.80 below buy price, $500 / $0.80 = 625 shares. Buy 600 shares or less. If the stock sells at the stop price, the loss is < $500. Stop is set below where the price has a high probability to reverse direction.

zzz $SPX - Weekly Candlesticks, 1280

zzz S&P 500 Large Cap Index ($SPX)

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