Stocks SwingTrading Trading Journal for Breakout Trade on CSCO

Stock SwingTrading Journal CSCO

Please continue to read down as this is a live stocks swingtrading journal and will be added to as Paul continues to manage the trade

This stock trading journal is a review of a Long Swing Trading Breakout on CSCO. Before markets opened, on 24 January 2019, we posted a video for a potential Long Swing Trade for $CSCO. The original Signals Video can be viewed  >>>HERE<<<   . The Signal came from our BlackBox Breakout Indicator for the Cisco Systems Inc Stock on the Daily time-frame.

In the original chart screenshot below we can see that the CSCO Stock had hit a C wave of and ABC Correction. On the 23rd January 2019 we had a Long Signal on the Daily time-frame for $CSCO so we shared our stock trade Idea as part of our Free Daily Stocks signals video service. It wasnt until the 25th January that the $CSCO Stock had a breakout move up through our entry price.  Therefore we were taken into this Long Swing trade.  This Stocks SwingTrading Journal is a live blog post as we manage this Breakout Trade on $CSCO.  Check below this original Chart for trade management updates.

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CSCO Stocks SwingTrading Journal as of 12 February 2019

Since the trade triggered on the 25th January, the price has found resistance and a range just above $47.  We intend to carry this swing trade on CSCO through earnings tomorrow as the stock looks strong Bullish. This is confirmed by our False Break out stochastic bar in the overbought zone. Along with, our Multiple time-frame Dot cloud, all in the green (bottom sub-chart on chart below).

CSCO Stocks SwingTrading Journal as of 26 February 2019

After a good earnings report, the CSCO stock price really gathered momentum to the upside. Our initial target zone at the resistance zone just above $49 was broken through easily within 3 days of the earnings release. It was decided to adjust first trailing stop position to $49.06, locking in 160% profit x Risk. This was below the resistance zone, which should then act as support.

In the last 3 days we have seen all-time highs for the CSCO stock.  Therefore we have decided to be more aggressive with our trade management strategy. A new trailing stop position has been set at $50.18, which locks in 225% profit x risk. We will now adjust below the low of two candles behind until we are taken out of the trade.

We have to be more aggressive as there is a likelihood of a Wave 4 PullBack and we don’t want to get involved in that. It is better to take the profits, allow the pull back to happen and then look to trade the 5th Wave using our Elliott Wave Indicator Suite.

The Chart below shows the price action so far in this Swingtrade and the latest Trailing Stop position.

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CSCO Stocks SwingTrading Journal as of 01 March 2019

In line with my chosen trade management strategy of trailing below 2 candles behind.  I have adjusted my Trailing Stop to $50.78.  Therefore locking in 260% Profit x Risk for this trade on the CSCO Stock.  As per the chart below.

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CSCO Stocks SwingTrading Journal as of 05 March 2019

The CSCO stock price moved away from the highs over the last 2 trading days.  Yesterdays negative markets continued that profit taking in the CSCO Stock.  Our Trailing Stop was taken out, giving a 260% profit x Risk for this great swing trade (As per the chart below). So for an initial risk of $10,000, the final profit would be $26,000! We will now be using our Multiple Time-Frame strategy, from our Elite Training Course, to look for further trades in the near future.

(Click on Chart to open full size in a new window)