Hi Pete,

Can you please go over the trade management rules for a breakout trade from a swing trade perspective? I believe this focuses more on a breakout from a range rather than looking for a specific candle to time entries and exits. Are we looking at the highs and lows from the range/period of consolidation as a whole to determine optimal…

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Hi Pete,

I’m liking the CSCO chart. It has the heavy volume push and light volume pause pattern with an inside day candle Dec 11th. Industry group performing well and is mostly green for the monthly and weekly time frames. Stock has bullish order flow in all time frames. SPY also held the bid and is close to making all time highs which is good…

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Hi Pete,

Was doing my scans and IOT came up. Was thinking this is probably another example of an earning gap trade. Beat on earnings and revenue. Range bound since September. Does not have obvious order flow, but is holding the earnings gap with an inside candle on December 9th. Heavy volume push after earnings followed by a two day lower…

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Hi Pete,

ANF was on yesterday’s game plan as a bullish snapback setup. Now thinking it has turned into a bullish U-Turn based on yesterday’s candle- traded below December 5th open and closed above open and close. Bullish U turn candle after 4 day pull back on a stock with bullish order flow. Thinking job openings numbers, FOMC economic…

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Trading Plan for GOOGL

Initial Trade Setup

Entry Price$320.32

Stop Loss$311.97

Risk Difference (Points)$8.35

Share Size5 shares

Capital Allocated to Position$1601.61 (32.0% of account)

Dollar Amount at Risk$50.00 (1.0% of capital)

Initial Profit Target$345.38

Reason for taking trade: Inside day, week, and monthly candles. Strong sector/industry group. Bullish stacked order flow. Daily in a period of consolidation for last 5 trading days (pause on low volume). Good news- big story behind it. Last few candles are setting up a perfect entry. Does not matter that they are red- this is actually better.…

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Bought GOOGL on December 2nd inside candle. Stopped out today. Did I buy this too early? Just wondering if it was an ok trade at that time, or if I should have done something different. Thanks!

IDYA

Markets are moving in sync. SPY had another low volume pause to close Dec 3rd. VIX continues to move lower. Watching to see how today’s jobless claims will affect the market. Healthcare strong sector. Stock strong on the monthly, weekly, daily. Bullish u-turn after 3 well offered candles on low volume. Good order flow.

Entry 35.06.

Exit…

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Thanks Pete! I know I’m asking the same kind of question, but I learn something new every time you explain it to me. The little pieces are coming together. I appreciate it!

Nicole

Hi Pete,

I have a couple of questions. I was wondering how the hourly candles are used to set up a swing trade? It was mentioned in one of the course material videos, but not sure I fully understand how that works. I think it said to make sure the hourly is matching the daily at the time you place the trade, but not sure if that’s all there is…

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