Swing Trading For Profit | TradeSelector.com

Steps to Success

Trade stocks with high potential of gains of 5% to 10% in 3 to 5 days,
Ensure maximum risk reward ratio that keeps making a profit
Hold positions as long as they move in the planned direction and move stops to protect gains (see examples).

TradeSelector Trading Method

TradeSelector is a stock picks service for short term trading known as Swing Trading.

We enter trades using Technical Analysis: daily price movements, short and long term trends and areas of technical support and resistance.
We use patterns we know have the best odds of being profitable, then create a trading plan with entry, stop and the most likely target price.
We compare the risk to the potential reward and determine if the risk is justified before we enter the trade.
Our low risk balanced method doesn't promise to make huge net portfolio gains (don't believe those that do) but makes a steady consistent gain (see our full Trading Performance ) Look at How We Trade for more infornation, or visit our Sign Up Page for other details.

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Higher or Lower - The Dollar is Key: The week ahead - April 26-30 2010

Weekly Forecast

Sunday, 25 April 2010 00:00

USdollar This past week the markets made new highs although on Monday the markets looked like they would follow through to the down side, they had other plans and reversed closing up for the day and making new highs for the week. Last weekend we said the market uptrend will continue to be in force until we see lower highs and lower lows, well we didn't get that this past week, so we will start out this coming week once again with an up trending over bought market.

This past week we put a couple of short selections in our weekly watch list and we were rewarded with one of them hitting and surpassing our target price and giving us a better than 8% gain and with our stop in place the trade remains open.

This coming week is crucial for the U.S. Dollar as it reversed to the down side on Friday and now needs to bounce if the up trend that began in December is going to remain in force. If the dollar's move up is over, than Gold and Oil could be at the beginning of new up trends.

The selections for our watch list this coming week will be mostly on the long side but will also include one short selection. We did not include many oil or gold stocks as many will be reporting their earnings this week and early next week and we do not hold a stock during it's earnings announcements.

Once again caution is to be used when entering new long or short selections keeping stops tight.

The Nasdaq Composite Index

First support is at 2467, 2383, 2360 and 2326. Resistance is at 2550.

COMPQX25

Standard and Poors SP-500 index

First support is at 1198, 1175 and 1150. Resistance is at 1221 and 1228.

SPX25

The Dow Jones Industrial Averages Index

Support is at 11150, 10985 and 10575. Resistance is at 11500.

DJ-30_25

GOLD - via the GLD

GLD Support is at 110.50 108.80 and 106.50 . Resistance is at 114, 117.

GLD25

The US Dollar (Dollar Index )
The U.S. Dollar moved up strong early in the day on Friday but reversed and closed the day down, giving us a reversal. the 20 day sma did hold the move down so we will need to see what happens early this coming week. Support is at 81.00, 80.80 and 80.00. Resistance is at 82.10 and 82.20.

DXYO25

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Testimonials

Heath Feb 12, 2010
I have been a member of just about everyone on twitter to try and sift through for additional information to help me grow as a trader. I just wanted to let you know you guys and alpha trend are the top of my list by far. Thank you for taking time to help new traders.
Parag Dec 13, 2009
I find your analysis, picks and commentary to be exemplary and very hepful and most of all very 'on the money'.
Scott Newbury Nov 04, 2009
These guys really know what they are doing and I can recommend their membership to other home gamers. Thanks for the great swing trades guys :)

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