Stocks Swing Trading Journal FB
We made a short video with a swing trading journal for FB & AAPL on 17 November highlighting our Black Box Breakout Indicator. You can view the original Video can be viewed >>>HERE<<<
Swing Trading Journal Transcript
“Back on November the 17th 2018. I made a short video on Facebook and Apple talking about our black box breakout indicator and how we can use it for swing trading. I just want to follow up on Facebook to show you how to combine our black box breakout indicator with our Elliott Wave Indicator suite to continue trading these types of swing trades.
So first of all just to remind you this indication on the left at One hundred and fifty six, eighty six where my blue arrow is. This was our original entry for the short breakout using our black box breakout indicator. Our software automatically prints the entry and also the stop loss.
Now I’m going to put those lines in to show you how powerful this black box breaker indicator is. So there you go. There was the original entry. It did not come back and still has not come back to even test the stop loss of the original entry there. So the original entry is 156 86. We tipped 124 dollars yesterday.
A 33 dollar move on this trade.
Now obviously you’re going to trade this and if we get a big pullback like we just have done now, you’re going to take profit. But look how our Elliott Wave indicator suite now allows you to measure this wave 4 pullback. It finds resistance in our W5T EMA cloud and in our automated probability pullback zones. Then comes down for an entry for a fifth wave trade and we hit the fifth wave target on the 24th of December.
So even if you didn’t get in this first original breakout trade, there was another opportunity down on this one. Then we found a wave 4 pullback and now we’ve traded the fifth wave. And if you had got in this first entry and managed it sensibly you’d have made a 33 dollar move on Facebook.
Combining Breakout & Elliott Wave Indicators
It just goes to show you how everything works out very very well when combining breakout strategies, getting in that third wave early for the breakout. Then trading the fifth wave combining these two indicators suites gives you a really good opportunity to swing trade longer term on some of these big name Stocks.
Just go through this wave for pullback a gain. So remember on our wave 4 pullback, the first sign is we get this resistance in our probability zones. This green zone is an 85 percent probability, if that resistance holds! We’re going to go on and make that new wave five high into our automated target zones which it has done. The next is a five thirty five oscillator this wave 4 pullback has pulled back between 90 and a 140 percent of the way 3.
Then the stochastic has crossed over in the overbought zone against the main bearish trend. Also you see on our multiple time-frame dot cloud, which is part of the black box breakout indicator, how this wave for pulls back. Our dot cloud goes from red to cyan on two different time frames and then starts to pull back again as we go down the fifth wave. So we can measure those pullbacks over multiple time frames using them. So again combining two indicator suites to really make some some big moves on Facebook.
I just thought I’d share that with you this quick swing trading journal. Have a great trading day.