Tag archives for swing trading

Here’s a brief interview with stock trading experts Stuart McPhee and Daryl Guppy that covers stock trading for beginners.

STUART: I’m joined in Dalian, China by one of my mentors, Daryl Guppy. I know you do a lot of work in China, so it’s great to see you here in this amazing city, and I think every city in China is becoming amazing because they’re growing so much.

I just wanted to ask a few questions. I guess because we’re in China and you do a lot of work here, and we’re all worried about this global financial crisis and the recession talk and everything, how’s China handling all this? It seems to be doing okay overall.

DARYL: China’s doing okay compared to other places. But a pullback of even just a few percent in terms of GDP is as significant as a pullback of a few percent in Australia. So Australia’s talking a GDP of what? 2? 2-1/2 percent? Whereas, China’s pulled back from 11 percent to 9 percent. That’s a 2 percent drop. It doesn’t seem much because 9 percent sounds much, much better than 2-1/2 percent.

STUART: Sure does. Yes, yes.

DARYL: But it still has a significant impact on the Chinese economy. So the key factor in the Chinese economy is it strengthens domestic demand. That’s what’s really driving this economy, and that’s the major political factor that the government has to consider.

It has to keep domestic demand strong and keep the drivers strong, and it will turn away from overseas work to concentrate on what’s happening domestically because overall exports for China represent about 2 percent of GDP, 1-1/2 to 2 percent. So it’s not that significant, but for us of course, exports from China are a significant part of our economy.

STUART: Could China actually emerge out of all this as the leading economy in the world. I mean, people want to put their money here, don’t they?

DARYL: Certainly that’s the case, and there are currently discussions at the moment to establish the yuan as a reserve currency, and now we had three reserve currencies: the U.S. dollar, the euro, and Japanese yen. Now to recapitalize world financial markets, we really have to draw on Chinese yuan reserves.

So the current discussion that’s taking place is at a ministerial level in China. First of all, they want a seat at the table in the discussion of how to resolve this world financial crisis. All of this turmoil does not make it easy for stock trading for beginners.

Part of the price of their admission is the potential for the yuan to act as a reserve currency. And certainly the West needs to be able to draw on other resources or other sources of funding to be able to restore liquidity to capital markets.

STUART: I actually heard an opinion today. I’m not sure if it’s right or not. And you know the U.S. dollar has appreciated against so many currencies so well over the last two or three months. He put that down to people saying the U.S. dollar is a bit of a safe haven because if you don’t want your money in anything else, buy U.S. dollars. It’s stable. It’s secure.

So many people have been pouring their money into the U.S. dollar as a safe haven, which potentially it may not be a safe haven, but people see it as that. Is that fair, do you think?

DARYL: With respect to that analysis, yes, perhaps not 100 percent in the sense that there has been a tremendous flow of money out of what we call emerging or developing markets, U.S. money back to the U.S. It’s a flight of fear, not a flight of quality.

This is part of what’s driving the U.S. dollar up at the moment, and counterpoint the dramatic declines in AUD, in euro, and Japanese yen, etc. I mean, you have 16 percent moves overnight. These are not things that are normal in currency markets. It is not an easy time for stock trading for beginners.

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Two experienced traders, Stuart McPhee and David Jenyns, concentrate on some key areas of the business of trading including using the moving average as a technical stop, and recommended trading books.

Stuart: We’ve seen examples recently where stocks have been completely belted. Individuals have been completely belted one day and have dropped 60, 70 percent, and people have thought what an absolute bargain and then the next day it drops another 25 percent. I think it’s important not to buy things just because they’ve fallen a long way because it might be a long while before they get back up if in fact they return to previous prices.

David: There’s no doubting you can make significant gains if you happen to pick the bottom but it is risky business just to try to bottom pick. And you could try and pick things as they’re going down, but a lot of the time just because it’s cheap doesn’t mean it isn’t going to get any cheaper.

That comes back to the style of trading that Stuart and I do, which is adhering to the rule that the trend is your friend. When in the business of trading, you want to be trading with the trend not against the trend. That is not to say you can’t make money trading against the trend, but I feel you are stacking the odds in your favor if you are going with the trend.

The next question is what moving average do you use to determine a technical stop?

Stuart: I use moving averages solely for my analysis and entry decision but once I am in a trade, for short term trading I use a technical stop which is not moving average based and for my medium term trading, I use volatility based. Let’s call it a trailing exit, because moving averages are quite handy for trailing exits.

For the business of trading, I don’t think there’s a right or wrong number for moving averages. You don’t want to make it a five day moving average because it would be too close for medium term trading. Just apply a few different moving averages on a chart of a typical stock that you would like to be in that trade for, like for a period of time.

What I mean by that is, look at a chart that has done really well over the last three or six months and then try different moving averages to find which one did a good job of allowing the stock to move higher. You’ll probably find something around the 30, 35, 40, 45 day moving average will do quite well.

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Get this Forex Swing Trading FOREX-4 PACK End of Day Trading Training Kit FREE. Download this 1 Minute Forex Trading System FREE. Read the story of Richard Samuels, a post office mailman with a head injury and how he made a fortune with these Neutrino Forex Signals! Your Forex “sneak peek” website…day-by-day Forex “trade diaries”?! High probability Forex trades are now setting up…Here’s the scoop…TOMORROW, on Monday, March 8th, 2010, the doors finally open to 35+ year market veteran Bill Poulos’s brand new “end-of-day” Forex group coaching program. As is par for the course with Bill’s releases, he’s limited the number of new students he lets in to the program. So to further help “weed out” the tire-kickers, Bill just released a TON of extra Forex training materials that he put on a special Member’s Website Preview for you. Here are just a few of the goodies you’ll get on the preview site, beginning TODAY:

** Preview access to his PIP FEEDER service where you can get daily lists of the Forex pairs that have met his rigorous trade alert criteria. In fact, these are Forex pairs tha have a high probability of entering into potentially profitable positions any day now. He’ll eventually be charging $197/mo for this service, but you can see a sneak peek for a few days.

** The “Pip Vault”, which contains actual Forex trade example “screen capture” videos, so you can see exactly how you can trade in less then 20 minutes a night.

** Day-by-day “trade diaries” that show you the trading decisions Bill has been making each night on some really great trades (you’ll also see a trade that’s not really going anywhere yet, and how he manages that situation).

** Previews of the actual CD-ROMs that ship with the course so you can see exactly the type of material that’s on them.

** and a TON more…This may be the best complimentary Forex education you’ll EVER receive…This complimentary preview access will be expiring in a few days, and likely taken offline, so I urge you to get in now while you can if you have any interest learning how to dramatically up your “pip potential” while saving hours a day at the same time. Norman Hallett from The Disciplined Trader Intensive Program: Since the opening of Bill Poulos’s “Forex Profit Accelerator” which now includes Group Coaching at no extra charge, I thought… Wouldn’t it be valuable to see one of these Coaching sessions in action? Well here’s a 9-minute clip of an actual live group…Remember that Bill’s product offering fills fast, so if this looks good for you, take your shot and join (he’s got a solid no-risk guarantee).

It looks like Bill’s member’s website preview is still open, too, where you can pick up some extra complimentary bonus video training, and also get access to his “Pip Feeder” service. I anticipate he’ll pull this offline to coincide with the closing of his program next Tuesday, so make sure you check it out here:

Your username is: readyto
Your password is: enroll

Download this 1 Minute Forex Trading System that makes money instantly anytime. Get these Forex Scalping Cheatsheets plus the Forex Swing Trading FOREX-4 PACK End of Day Trading Training Kit FREE. Bill Poulos: Well, it’s finally here! The doors to my Forex Profit Accelerator Group Coaching Program just opened about an hour ago. The folks on my “Fast Movers” list already started snapping up enrollments, but there are still probably some left here if you get this in time: If you liked any of my complimentary training material I released over the past week, like the Forex Smart Start Profit Strategies, then I think you’ll LOVE my complete Forex Profit Accelerator Group Coaching Program…I designed it with one goal: to help take you from wherever you’re at right now and transform you into an Independent Master Forex Trader.

One of my readers may have said it best when it comes to coaching: “Many years ago, a very successful Chicago floor trader told me in a phone call that most everyone who becomes a successful professional trader has a mentor. Otherwise, the odds are against him. Last year, I came to the sobering conclusion he was right, that the only way I am likely to make it is through
coaching and mentorship.”

Well said. So if you think 2010 is YOUR YEAR to finally master Forex, check out my enrollment letter here: As we head into the weekend, I just wanted to let you know I’m working on a special sneak peek preview at my Forex Profit Accelerator members website. I’m loading it up with a bunch of cool stuff for you to check out, including some eye-opening “trade diary” videos where you can see some current trades I’ve been tracking using the Forex Profit Accelerator methods. I’ll send you your username & password sometime on the weekend as soon as it’s ready for you. In the meantime, make sure you check out all the bonus, complimentary Forex training I have for you here, in advance of the opening of my Forex Profit Accelerator Group Coaching Program which opens up at 10am Eastern on Monday.

Norman Hallett from The Disciplined Trader Intensive Program: Coaching is a powerful thing. Getting quick answers to questions and valuable guidance from an expert … there’s no substitute for that. But having a FOREX coach can be a 5, 10, or even $20,000 investment… and for many, with accounts big enough… it’s well worth it. But not for the average FOREX trader. Well, Bill Poulos has a solution…

* Affordable semi-private, group coaching, which gives you most of the benefits of 1-on-1 coaching, but at a FRACTION of the investment.

On Monday, March 8th, at 10am Eastern, 35+ year market veteran Bill Poulos is taking on his first group of charter students to join him in an exclusive Forex group coaching program. He first leaked word of this yesterday during his “Forex Smart Start Profit Strategies” training session. Watch the video replay of the entire training here:

* At the end of the training, Bill invites you to apply for some complimentary follow-up training here:

I recommend you watch the training replay and ALSO apply for the additional follow-up training – it’s “on the house”, and you’ll learn a bunch of “what works now” tips & techniques you can begin using immediately… (Also, those that apply for the additional training get entered into Bill’s group coaching SCHOLARSHIP giveaway – the lucky recipient will be announced this Sunday!)

Get the Ultimate Swing Trading Software FREE. Learn Candlestick Charting and know these Candlestick Patterns! Did you get in? The guys over at the Ultimate Swing Trader camp are finally revealing all the details of the “FX Live” forex training program and all the details of how their simple 10 minute trade strategy works. Attend the kick-off webinar this coming Wednesday, January 20th at 12pm EST U.S. (New York Time) / 9am PST / 5:00 GMT to get the scoop (including time saving tips, the FX Live curriculum, instructors, materials, etc).

These guys tend to be really generous in the webinars, so definitely try to stay at least until you get wind of the ‘Fast-Mover’s’ Bonus (they love discounts and giving stuff away exclusively to their webinar attendees). If you can’t make it, don’t worry – just sign-up so that you’re on the list-they’ll send out the replay later – but I can’t say the bonuses will still be available!

There’s so much hype out there these days that it’s refreshing to see a straight forward system being taught by results-oriented professional traders. Just my two-cents. At any rate, get your seat for Wednesday’s event and I’ll see you there. Competition for those sweet bonuses will be fierce. Just be sure to register early and don’t be late for the best chance at the good stuff: Be sure you secure your bonuses! (It’s rumored they’ll be giving away the entire FX Live training!)

The Ultimate Swing Trader event is TODAY in an hour: at 12pm EST U.S.(New York Time) / 9am PST / 5:00 GMT. Register now if you haven’t already: They’re not holding back. Everything about the UST system will be revealed. See how easy this strategy is to use trading Forex (futures, stocks, or options too!). Don’t miss out! Be sure to sign-up for the webinar even if you can’t make it to the live event. They’ll send a replay for you to watch at your leisure. Although, I’m not sure if the bonuses will still be available…

Norman Hallett from the Disciplined Trader Intensive Program: I’ve told you before why I love using candlestick charts in my own trading…It’s because candlesticks show me DOUBLE the information of old-fashioned bar charts. But when traders use candle charts incorrectly, the consequences are costly. That’s why I want to invite you to a valuable webinar next week… as my special guest.

“Candle Charting Basics & Beyond: Catching The Next Move”

========================================
MEET STEVE NISON… FATHER OF CANDLES
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Attend this webinar and you’ll learn these vital principles from Steve Nison himself. He’s the guy who brought candlesticks to Western traders. And he’s an expert at showing how to combine candles with technical indicators for spotting reversals. In other words, Steve is THE EXPERT when it comes to candle charts. As my guest, there is no cost to attend this webinar. Seats are limited, so claim yours now:

DATE: Wednesday, January 20th
TIME: 8:30pm Eastern
LENGTH: Approximately 45 minutes

Full information about this no-cost webinar is available here…I look forward to having you join us!

Get the Ultimate Swing Trading Software and these Forex Scalping Cheatsheets FREE. Turn $200 into $50K in 2010 with this Penny Stock Trading System. Mark Soberman on his Ultimate Swing Trading Strategy: BUT by utilizing a solid system with an advantageous win/loss ratio and sticking to your guns with proper rules and discipline, you’ll be able to steadily and consistently grow your account while you grow your trading expertise. And with the Ultimate Swing Trader, you can bet that it’s going to put the odds in your favor each and every trade. So what’s the 2nd meaning when I say, “Keep it real”? And whatever you do, don’t miss out on tomorrow’s big UST Release Webinar at 12pm Noon EST / 9am PST / 5pm GMT. You can get your seat right here!

Even if you can’t make it live to tomorrow’s webinar, be sure to get your name on the list, regardless – I’ll send you a recording the day after. Having said that, live is always better -attendees who listen in live will get first crack at the ‘first-come, first-serve’ bonuses I have planned…Our own Ultimate Swing Trader Coach, Shane Daly, just posted a great 6 minute tutorial (yes, 6 minutes!) on his recent swing trade sessions with the GBPJPY and EURJPY. Go here to watch the video – and see how he managed to pick up over 100 pips before the weekend:

You’ll see how savvy it is to keep both day trading and swing trading in your arsenal because the sad truth is, when you day trade, you’re going to have some long and draining days ahead of you. And longer days can often time lead to over-trading and loss of concentration… two culprits that can seriously drain your account.

But with swing trading, specifically with the UST, you can skip the mind-numbing time investment and overall fatigue of staring at that hard right edge for hours at a time – and just go straight to the good stuff. Set your trades and go on with your day (or night). It can literally take as little as 10 minutes a day! And for all you beginners, because you’re only trading a few specific times per day, you can actually take the time and learn the system properly (crazy concept, no?).

So regardless of if you’re a full time day trader looking to supplement your income or an ambitious newbie anxious to start exploring those lucrative Forex markets, the Ultimate Swing Trader could be just what| the Doctor ordered. Make sure you watch Shane’s video (c’mon, it’s just 6 minutes!) and then sign up for tomorrow’s Release Webinar (less than 15 seconds) for a grand total of a 6 minute, 15 second time investment. At the very least, you can afford that right?

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