Swing Trading System : "Velocity Swingtrading"™

Here's how to combine Day Trading system indicators with swing trading signals for strong entries:
 
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ChartSCANS Active Traders' Newsletter
August 12th, 2006 -- Issue 282

In this issue:

+ How to potentially Improve Your Swing Trading Entries
by using Daytrading signals as you get into your trades

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Dear Trader,

How many times have you gotten into a swingtrading entry, only
to watch it chop around and not go anywhere for days and days?

I want to introduce a new technique that I believe can dramatically
increase your odds of making successful swing trades.

I call it the "Velocity Swing Trading" technique, and this is
what it's all about (and don't worry, I'm not pitching anything,
this tip is "on the house"):

We've developed a revolutionary new breakthrough which can help
both day and swing traders potentially improve their entries
quickly.

The way it works is this: the next time you're looking at
putting on a swing trade (a trade that last from two to 10 days),
try using some of the day trading signals that you've been learning
about, to improve your odds of a successful swing trade.

It's like a "one-two knockout punch" which combines the best
of intraday signals for making successful swing trades, and
it's an amazing new approach to swing trading that can
*really* help you accelerate your swing trades to the next
level...

If I were looking to put on a swing trade in this stock next
week, let's say at 47.5 on a new volume breakout, then I
would FIRST check the two-day one minute candlestick
chart and my time and sales indicator, to ensure a strong
momentum entry at the time I got into GME. Make sense?

You'll be learning more about how this powerful technique works
in upcoming newsletters and video clips, but for now I just
wanted to give you a quick example of how you might *combine*
day trading signals to improve the odds of your swingtrading entries.

Here's a few practical tips you can start using immediately:

+ first, always look for bullish engulfing candle patterns
in your 1-minute chart prior to each swing trading entry
(that's where the whole real body of the current candle
is larger than the immediate preceding candle; for more,
see my colleague Steve Nison's excellent resources)

+ second -- and this is important -- use this pattern in the
context of the broad market, meaning that the chart should be
breaking previous 10-day high resistance, and the major market
indices are going in the direction of your trade entry when you
pull the trigger.

+ third, make sure you're following time and sales at the exact
time you're getting into your swing trade, so that you can confirm
that there is an increase in volume as you get into your trade.

Let's look at that GME set of charts one last time, okay?
See below...

This time I want you to look at the bottom of the two-day chart,
specifically at the height of the volume bars. See how they're
averaging 10k per minute?

For me to feel confident in a long breakout entry
in GME for a swing trade, I'd want to see the volume
bars great to new highs, say at least 20K shares per minute.

The best part about this approach is that you're hearing about
it right now, before any other traders you are competing
against do. Pretty neat, right? Wait'll you see what's next...

You see, many traders approach their trading with less accuracy
(and profits!) than they could. Kind of like gambling.
Then hoping for the best once they pull the trigger
on their swing trades. I want you to succeed.

I've made a lot of mistakes when it comes to my own personal
trading -- mostly overtrading weak patterns, and not being strict
enough when it comes to my discipline about exiting losing
positions.

But I learned -- and so can you. In this upcoming series of
articles, video and audio clips, I'll share my best
"Velocity Swing Trading" tactics with you so that you
can quickly and easily put them to work helping your
trades, too.

Watch for a complimentary new video clip on my video traders
blog on this important new trading strategy, coming this next week.

Until then, best wishes for successful trading!

Ken Calhoun, President
DaytradingUniversity.com
(888) 414-5055

Daytrading University: As seen in CBS Marketwatch,
theStreet.com, Active Trader Magazine, the Online
Trading Expo, eSignal "Trading with the Masters"
and more...

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