Raghee’s webinar swing trading

I didn’t really mention much about swing trading in the previous posts but here are some notes on Raghee’s swing trading method:

1. Identify trend
2a. If uptrend, look at any measured pullbacks and buy them
2b. If downtrend, short any measured bounce

To enter a swing trade, only 1 confirmation:

THE WAVE (For those not familiar with "The Wave", it is the high, low, and close 34 EMA’s)

1. Identify Trend
2. Look for a measured bounce, support level, fibonacci level, bounce into the wave itself
if your aggressive, you will take a bounce at first wave line hit; in downtrend, that is the lowest line

In the wave; conservative traders would say to wait for bounce into middle of first line and middle line

The middle or top would be the stop loss; extreme opposite side of the wave; stop loss in middle of wave is still a valid stop loss albeit more conservative

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