SP500 Trust (SPY) ETF Swing Trading with Signals

Saturday, September 1, 2012

This Blog Has Moved!

www.spxcolortrade.com

This blog welcomes you to a leap in daily chart study analysis.

Bigger Charts
Easier Reading
Clearer Detail
Organized for Quick Looks

Contents:

Daily Interval Chart Analysis on SPX, SPY, ES, DX using Elliott Wave, Fibonacci Price and Time measures and a wide range of other technical indicators.
(SPX) and (SPY) Alert Indicators with Trade Guidelines for Entry's and Exits .
EMA Trend Line Analysis designed to protect Long Term Investments.

No hype. No sales pitch. No advertising. Just organized Index charts with comprehensive technical analysis and alert signals with basic guidance and opinion.

Simple (SPY) Trading Guidelines

1) Always trade in the direction of the trend lines. (except in chop).
2) When the trend is "up", you may elect to bypass a sell signal. Waiting for the close of the following day (Higher close -means stay long, Lower close-means you may elect to sell). Or you can wait a day or so to see if the close of each day continues to drop. Or you can just sell regardless.
3) Always use stops near the signals. Underneath if Long="B", Over top if Short="S". My stop percentages are mostly .50%. Sometimes 1.0%.
4) When the market is "choppy" you may elect to just sit out, or you can trade each signal with selective stops to avoid losses.
5) "Executions and Holds" using this system is based on the "following day close" of the given day signal. That gives you an advantage to decide by a 24-hour time period.
6) NEVER FORGET THIS!!! There aren't ANY perfect trading systems. Working with this "simple" system, we can "attempt" to accomplish trading for profit in up-trends, downtrends and corrective chops.

SP500 Trust (SPY) ETF Swing Trading with Signals

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This Blog Has Moved!