Hello Swing Traders! Welcome to Compound Trading Swing Trading Keep It Simple K.I.S.S. Charting Review (Public Edition) for the Week of April 16, 2017!
This edition focuses on MACD, Stochastic RSI, Moving Averages, SQZMOM and a few others.
Email us at [email protected] anytime with any questions about any of the swing trades listed below. Or, if we get bogged down private message Curtis in trade room or direct message him on Twitter. Market hours are tough but we endeavor to get back to everyone after market each day.
Notices:
Members please refer to the member publications for more detail and feel welcome to DM our lead trader on Twitter or email him with questions.
We published a new post yesterday that deals with a number of the tools needed to successfully swing trade the type of charts below:
Trading Checklist (Rules) I Follow Before Triggering. Part 2 of “Freedom Traders” Series.
https://twitter.com/CompoundTrading/status/853217228237422592
Introduction:
My perspective of the markets can be summarized as go long when you can until it breaks (and I do believe there is a break on the horizon but it doesn’t do you any good to wait around for corrections). The “it can gap down” philosophy has not been on the winning side historically. So we swing trade with managed risk with stops and proper discipline.
Understanding what the simple indicators are for entry and exit in your trading position in a swing trade is critical – proper entries and exits can not only increase your win rate but also significantly impact your personal investment portfolio return on investment, thus a critical discipline to at least become moderately familiar. The buy and hold concept has served investors moderately well for some time, but even so, they could have do so much better with very little time invested toward the discipline of simple charting indicators.
Click here also to review our most recent Swing Trading Quarterly Performance Report.
Thanking you in advance.
This Week’s Simple Charts include MACD, Moving Averages (MA), Stochastic RSI and a custom Squeeze Momentum Indicator (SQZMOM) for the US Dollar, USDJPY, Volatility, Gold, Gold Miners, Silver, Crude Oil and the S&P 500. Below are daily charts.
$SPY Daily MACD turn down, Stoch RSI turn down SQZMOM red, price under 50 MA with 20 MA cross down 50 MA possible. $SPXL $SPXS
The 20 MA crossing down 50 MA with price under is not good, however, the PPT can be an equalizer.
$USOIL $WTIC Daily MACD trend up, Stoch RSI turn down, SQMOM green, Above MAs. Previous highs an issue so far. MA’s mixed. $CL_F $USO $SCO $UWT $DWT
Indecision in price action #supply. Previous highs an issue so far. MA’s are mixed representing indecision. Needs a rumor.
$USOIL $WTIC Aug 24 2016 MAs and indicators similar to now however. History ryhme? $CL_F $USO $SCO $UWT $DWT $UWTIF $DWTIF
#GOLD Daily MACD trend up, Stoch RSI max, SQZMOM green, above 200 MA $GLD $XAUUSD $GC_F
The primary issue short term is that Stochastic RSI maxed. What’s after the top? Down of course. Short time-frame warning signal. #Gold
#SILVER Daily MACD mod up, Stoch RSI near top, SQZMOM green turning down, above 200 MA. $SLV $USLV $DSLV
The Stoch RSI near top isn’t great but the 50 MA may cross to upside the 200 MA. If price is above when that happens could see pop.
#SILVER Daily Here’s what happened last time 50 MA crossed up 200 MA. $SLV $USLV $DSLV
$DXY Daily Indecision MACD pinch uptrend, Stoch RSI trend down, SQZMOM green, above 200 MA. $UUP $USD
MA’s mixed, could try a long at 200 MA test with Stoch RSI cross up confirming and price action power. Very mixed.
$GDX Miners Daily Here’s the test! MACD up, Stoch RSI max, SQZMOM green, test 200 MA $GDXJ $NUGT $DUST $JNUG $JDST
Short term challenge is Stoch RSI maxed, not bad but not great. Advantage bulls goes to 20 MA about to cross up 50 MA with price above. $GDX
$GDX Miners Daily What happened last time 20MA crossed 50MA up. But further range then to 200 MA $GDXJ $NUGT $DUST $JNUG $JDST
$GDX Miners Daily Jan 2016 when 20MA crossed 50MA price in uptrend with Stoch RSI trend down. $GDXJ $NUGT $DUST $JNUG $JDST
When price trends up and Stoch RSI trends down that’s when you HAMMER down! Especially on a daily. #RULE $GDX $GDXJ $NUGT $DUST $JNUG $JDST
This one indicator, if used in this way, more predictable than almost any. Stoch RSI trending down and price trending up on a daily. Oh my.
It’s hard to beat performance a trader can achieve that knows how these indicators function. There’s hundreds of idiosyncrasies #tradingedge
$USDJPY Daily Here’s theTest! MACD down trend, Stoch RSI near bottom, SQZMOM red, test 200 MA. $DXY $USD
Test is when / if Stoch RSI curls up at bottom and whether 200 MA is held. That’s the first test.
$VIX Daily Outside BB’s is a short it’s close with TL res on deck, MACD uptrend, Stoch RSI max, SQZMOM gr. $UVXY $TVIX $XIV
That’s my simple perspective for the week. Best to y’all this week. For a much more detailed review please refer to the member’s post.
Email or DM me on Twitter anytime with thoughts or questions!
Cheers!
Curtis
P.S.
The charts included in this review may assist you in the endeavor of trade entry / exit and if you wish to become more serious (more profitable) with your entries refer to our swing trading for more insight (includes many equities also in the weekly reports).
The charting algorithm model Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).
Article Topics; Compound Trading, Swing, Trading, Stocks, Picks, $SPY, $VIX, $USOIL $WTI, $GLD, $GDX, $SLV, $DXY, $USDJPY, MACD, Charting, ROI, USD, Dollar, Volatility, Gold, Miner’s, Silver, Crude, Oil, S&P 500, Stochastic, RSI, Moving Averages, MA, Commodities, Currencies