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V. 22:2 (58,60-63): Swing Trading With Swing Charts by Teresa Lo
V. 22:2 (58,60-63): Swing Trading With Swing Charts by Teresa Lo
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Swing Trading With Swing Charts by Teresa Lo
Heres how you can use swing charts as an indispensable tool for all your trading.
Of late, swing trading has caught the attention of many market participants. This migration of traders from day toswing trading has most likely been caused by the severe contraction of price movement in most stocks and stock indexes over the past few years. For example, Amazon (Figure 1) is a typical high-profile Internet stock. On January 29, 1999, Amazons 20-day average true range (ATR) was $10.30. As of October 31, 2003, the value was $1.93. Roughly, this means it now takes more than a week for Amazon to cover the amount of movement that it used to cover in a single day back during the market frenzy, rendering intraday trading quite a bit less profitable than it used to be.
While there seems to be no lack of information offered on the subject of swing trading, the meaning of the term swing is often unclear. Let me provide some insight into how to use swing charts as an indispensable tool not only for swing trades but also for any type of trading.
Heres how you can use swing charts as an indispensable tool for all your trading.
Of late, swing trading has caught the attention of many market participants. This migration of traders from day toswing trading has most likely been caused by the severe contraction of price movement in most stocks and stock indexes over the past few years. For example, Amazon (Figure 1) is a typical high-profile Internet stock. On January 29, 1999, Amazons 20-day average true range (ATR) was $10.30. As of October 31, 2003, the value was $1.93. Roughly, this means it now takes more than a week for Amazon to cover the amount of movement that it used to cover in a single day back during the market frenzy, rendering intraday trading quite a bit less profitable than it used to be.
While there seems to be no lack of information offered on the subject of swing trading, the meaning of the term swing is often unclear. Let me provide some insight into how to use swing charts as an indispensable tool not only for swing trades but also for any type of trading.
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