• Trading Software
    • TradingView
    • NinjaTrader
    • MT4
    • Thinkorswim
    • TradeStation
    • MultiCharts
  • Online Classes
  • Trading Courses
  • Free Resources
    • Economic Calendar
    • Blog
    • Webinars
    • Newsletter
  • Sign Up
  • Sign In
Trade The FifthTrade The Fifth
  • Trading Software
    • TradingView
    • NinjaTrader
    • MT4
    • Thinkorswim
    • TradeStation
    • MultiCharts
  • Online Classes
  • Trading Courses
  • Free Resources
    • Economic Calendar
    • Blog
    • Webinars
    • Newsletter
  • Sign Up
  • Sign In

Trading Journals

Home » M – Stocks Trading Journal – Long Swing Trade
image of M stocks trading journal header

M – Stocks Trading Journal – Long Swing Trade

  • Posted by Paul Bratby
  • Categories Trading Journals
  • Date February 24, 2018
  • Comments 0 comment
0 shares
  • Share
  • Tweet
  • LinkedIn
  • Reddit
  • WhatsApp

Stocks Trading Journal for Long on M

This stocks trading journal is a review of a recent Long Swing Trade on M. On the 22nd Feb 2018 we posted a video in our Signals membership for a potential Long Swing Trade for Macey’s on the 60 minute time frame. The video had a quick analysis, entry, Stop Loss and Target price for this potential 5th wave move.  The original video can be viewed  >>>HERE<<<

Our TradeTheFifth strategy involves trading the 5th Wave of the Elliott Wave sequence. The 5th Wave is the highest probability move in a “with trend” trade.  The Wave 4 in this case pulled back and found initial support in the Green Pullback zone. Therefore indicating an 85% probability that the 5th Wave will go on and make a new high in this current bullish trend. The Pullback zones are part of our Elliott Wave Indicator Suite.  The original chart shown below shows the setup before the trade triggered when the trade was set up before the markets opened on the 22nd Feb 2018.  Long entry price of $26.02 with Stop below above the Wave 4 low at $25.49.  Our automated 5th Wave Target level in Blue was around the $26.90 level for this long trade. Therefore giving a 1:1.6 Risk to Reward.

Below this chart is how the trade went and chart showing exit when price hit our automated target zone, as part of this stocks trading journal.

image of M trading chart for swing trading entry

M Stocks Trading Journal – What Happened Next

The long swing trade moved through the entry level during the 1st hour of the trading session on 22nd February. It then proceeded to move up for a while until it became range bound and closed above original entry price.  After an initial dip down, the price movement higher was strong on Friday the 23rd and hit our automated target zone. After that, profit was taken as we didn’t want to carry over the weekend.  In the chart below we can see the price action on the 60 minute time-frame as described. Showing a great 1.6% profit on the account balance taken for a 1% risk.

image of M trading chart with targte zone for swing trade hit

This is a great example of our 5th Wave Stocks Signals service combining with our Elliott Wave Indicator Suite. Our Indicator suite is available for NinjaTrader, ThinkorSwim, TradeStation and MultiCharts.

 

Tag:elliott wave, long stocks trade idea, NinjaTrader, nyse, Stocks trade idea, Swing Trading, swing trading journal, tradestation, trading education

  • Share:
User Avatar
Paul Bratby

Previous post

FCX - Stocks Trading Journal - Long Swing Trade
February 24, 2018

Next post

KTOS - Potential Long Swing Trading Opportunity Signal Video
February 24, 2018

You may also like

CERN taget hit boom
CERN Stock Trading Journal
11 February, 2020
image of ETF header
What Is an ETF?
27 January, 2020
imge of HALO stock chart with elliott wave
HALO Stock Swing Trade Hit Our 5th Wave Target!
26 January, 2020

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Blog
  • Daily Videos
  • Education
  • Trading Journals
  • TradingView
  • Uncategorized
  • Videos
  • Webinars

Archives

Trade The Fifth Logo

USA Office: 19 W 34th Street, Suite 1018,
New York, NY 10001
US Phone: +1 (415) 992-7787

Ireland Office: Unit 3D, North Point House,
North Point Business Park, New Mallow Road,
Cork, T23AT2P, Ireland

Copyright © 2021

Learn More

  • Trade Ideas
  • Contact Us
  • About Us

Legal

  • Privacy Policy
  • Terms of Service

Latest Tweets

Tweets by tradethefifth

Swing trading, Day trading, short-term trading, options trading, and futures trading are extremely risky undertakings. They generally are not appropriate for someone with limited capital, little or no trading experience, and/or a low tolerance for risk. Never execute a trade unless you can afford to and are prepared to lose your entire investment. All trading operations involve serious risks, and you can lose your entire investment. No trades are recommendations or advice and we cannot be sued for losses of capital. All trades are for educational purposes only. Contact your broker or RIA for execution, margin, and other capital requirements. All users and viewers of wave5trade.com adhere to ALL terms of service on www.tradethefifth.com

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. Past performance is not necessarily indicative of future results.

Testimonial Disclosure:  Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Trade The Fifth