In this video I'm going to introduce you to an entry system that will serve you well in a market that is trending, but is in a counter trend move. Right now we consider the market to be trending down, but as you know, I'm expecting a bounce which will set up some great shorts. The problem is, although we have a good idea of when the market will turn, we can't say the exact day with 100% certainty. So I may list a limit order trade based on my belief that the market will turn in the next day or so, but in reality, perhaps the trade continues higher before it turns and becomes a great short entry-the higher you can enter the short, the more money you can make. So we will call this system of entering a trade "Swing 1" and typically I will tell you to use a 2,3 or 5 day chart, which reduces the noise and gives us a clear picture of the trend (counter trend) up and where and when that trend reverses at which point we want to be short.
The entry can be made on an intraday basis as the trade triggers during the trading day, however, the stop should always be made as close to the closing of the market as possible, not intraday. If you have questions about the video, please email me, I know it's a new concept, but it is designed to get you the most profit in a trade with the least amount of risk.
Remember this is a member's only video so you'll need access to it, use this link as it is an unlisted video and will not appear in any public places, you will only be able to access it with this link.
http://www.youtube.com/watch?v=P7md3_bXkao
So remember, if it is a limit order trade, watch in the notes for "Swing 1 Entry" and the type of chart-"2-day chart" or "5-day chart". If you need access to free charts in real time, this is the only place I know of that does not have the 20 minute exchange implemented delay (the exchanges charge for real time data).
FREE Stock Charts from Worden! The Web’s Only FREE, Streaming Real-Time, Web-Based Charting Service!
Here's the link to the junk bond story
http://online.wsj.com/article/SB10001424052748703960004575427690901781072.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
This means investors see the market as no longer affording them returns, they understand the rally is done. The treasuries yield is too low, so they are creating a new bubble in junk bonds which will probably become another problem down the line, but for now, it's good for us and our long term wealth accumulation strategy. Note COTT Corp mentioned. Isn't it interesting that I saw accumulation there and then they issue junk bonds and buy out a competitor. the trade triggered late last week as a long. This is what I mean about market manipulation, it is everywhere.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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