Blue Line Trading - Show Me The Money!

Glenn Sperry

Buy on the BLUE vertical line. Charts are sorted by date. S&P-500 market indicators are on the last page.

Simple trading rules:
1. Look for a strong up trend above 200 SMA and buy when price pulls back into a support level with the slow stochastic indicating over sold < 20.
2. Buy where retail traders place their stop loss orders and place your stop below that. The market goes where the volume is, taking out stop-loss orders, and then repeating the cycle.

1 out of 5 trades will probably fail so keep loss per trade to 0.5% to 1% 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.

Exit short term trades when stochastic is overbought AND price is at a supply level.
Exit long term trades when price moves below 200 day MA, depending on market conditions.

The few penny stocks in this list are for speculation only and the position size is small. A total loss would be < 0.5% of the account.

20180218 Aetna, Inc. (AET)

zzz $SPX - Daily Candlesticks, 1280

zzz $SPX - Monthly Candlesticks, 1280

zzz $SPX - Weekly Candlesticks, 1280

zzzz Monthly S&P 500 Large Cap Index ($SPX)

This information is presented for education purposes only. is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.