Our Favorite Swing Trading Setups Explained
tradingshall we every trader loves to you know think about the concept of maybe capturing one two three day moves how about three week or even three month moves in this video guys we're going to talk a little bit about some of the most common
setupsthat we like to look at uh over time obviously and how we can maybe apply some of those even on an intraday basis and capture those two to three percent moves that we get even in the overnight period going from one day to another let's jump right into things here guys let's talk about the best
tradingstrategies all right arun you we love
tradingand we love
swingtrades so i think this is right up our alley so let's get ready to rock and roll here and talk about
swingtrades and what we're looking for i mean to me obviously i think you need a catalyst and i think one of the very first things that you're looking for is you know is there a reason for this name to move is there a reason for this sector to go you know why are we looking at this if you're gonna look at a stock that really isn't moving um you know let's pick the oil sector if there's not much happening there um then why would you take a
swingtrade on an xom or a chevron or something like that um if there's really no ev talk then stay away from the ev names right we've just had a great opportunity the last little couple months or pretty much this whole year to
single sector uh things are hot right now and i think there's no better time to look at some of these plays the only advice that i have is you gotta you know if we've determined that hey we can almost
swinganything right now there's lots of stuff moving well then i'm gonna look for maybe more recent news because if you look at a chart over the last three or four months like brennan was saying there's going to be tons of opportunities upside and downside on a lot of names so i'm actually going to pick twitter today we we have right now today news with jack dorsey you know news the stock is moving around now you get news with the the new variants we get some nice movement in the nasdaq right now tipping down a little bit and now twitter nasdaq today up two percent monsters day on on friday went to the negative side but look at this if you're gonna
swingtrade something um and we've been talking about this you got to do it near key levels i mean you don't just take a random position right here at 47 and change you look back and you say hey is there a bottom here that we can maybe bounce off of that we've had success bouncing before i mean the last time we were down to 46 we bounced got to 47.50 that's not bad for a
swingtrade it happens again there goes right back to 47.50 then you get the jack dorsey news showing us that there is lots of liquidity in twitter so this is a name that i like so go back a couple days find some key spots...
but again it's identifying your time frame so i think this is a good one for short but then look at this as we go on the this is not a daily chart as we go here on a daily chart for twitter you'll also see the same thing we could go all the way back to january of this year so you're going back 11 10 11 12 months and finding the same kind of support at this 44-45 so whether or not you want a small week to two-week kind of time frame to
swingi think you're at those levels and we identified that on a 20 period but if you're saying you know what i want to hold something into the new year i want to buy something that or even sell something that are at some key levels i think you got to go back and you find dramatic moves bouncing off some support and right now you have that opportunity in twitter going back here 45 46 bucks this gives you a great opportunity for the upside and then if it breaks you know boom you're down here to 40 again so there's an opportunity here to kind of play both sides on this
swingtrade you're looking for levels with catalysts and i think we have both of that with twitter yeah and something i do on the show when i look at charts i always do something like this where i pull up like a large time frame relative for us 30 minute time frame and then i'll zoom it out and see what the the landscape looks like right so this is what i'm doing on microsoft i'm zooming it out seeing seeing what the levels look like now...
if i wanted to
swingtrade all i have to do is pretty much do the same thing just change the time frame from 30 minutes to say something like a daily and let's just here i'm pulling out this is our e-signal chart by the way and i'm just pulling this back and this is our apple daily chart what am i seeing if i want to get a
swingtrade on i'm going to do the exact same thing i do on an intraday basis just with a different time frame so i'm looking for volume where does the market really want to hesitate where is it spending a lot of time and volume or where does it not want to be let's take a quick look at apple apple clearly hesitates around this 140 mark right we go back to january of this year it hesitates around 140 even september of 2020 hesitates close to 140. so when we get through 140 and we come back down in in october you know around there there's going to be some volume because we've done it before multiple times that there's going to be hesitation so as soon as you get your trigger entry whichever way you decide to get in i like to identify zones and then i'll figure out how i want to get in and once for me once across 145 i think that level is confirmed i'm going to step into the long and then you just manage the trade as if you would manage any other trade and you can do this same logic to multiple socks now somebody said in the chat lucid was a great example i looked at the lucid chart absolutely this is a different...
style of entry this is like a breakout we do intraday breakouts here but look at the daily breakout once it crossed 34 they're really you have a ton of support what she used to be previous resistance is not going to act as support and you can go for the long you just have to hold it longer it's not going to be a quick daily trade it's not going to take you a few minutes or a few hours but this is going to take a while but as a