To all those who did not dedicate - The Swing Trading Guide
To all those who did not dedicate - The Swing Trading Guide
To all those who did not dedicate - The Swing Trading Guide
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Trade: PTEN<br />
Date: 03/26/2002<br />
A Practical <strong>Guide</strong> to <strong>Swing</strong> <strong>Trading</strong> by Larry <strong>Swing</strong><br />
Reasons for trade/setup: CLOSE > SMAC50 and CLOSE > SMAC20 (to be sure the stock is still in an uptrend) and HIGH<br />
< HIGH1 and HIGH1 < HIGH2 AND (the stock must be experiencing a 3 day decline/pullback within the context of a<br />
uptrend) and FORCE3=0 (the short term battle is now won by the bears, but still the bulls are in<br />
control of the longer-term battle)<br />
<strong>Swing</strong> Entry price: $26.84 (High of yesterday $26.78 + $0.06)<br />
Stop Loss price: $25.94 (order $0.06 below the low of the previous day $26.00 - $0.06)<br />
Target: $28.72 (entry price +7%)<br />
Exit: $28.72 (03/28/2002) & $29.99 (04/03/2002) at open<br />
Reason for exit: $28.72 at a 7% gain on the long swing trade & $29.99 trailing stop low of yesterday $30.31 - $0.06<br />
Profit/loss: $2.515 = ($1.88 + $3.15)/2 or gain of 9.37%<br />
Visit: http://www.mrswing.com/ or email: larry@mrswing.com
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