After 20 Years, This is Still Our Most Bullish Chart Pattern

 

Over the past few weeks we have seen multiple stocks break out of a somewhat rare chart pattern and make enormous moves within a few days.

 

Today we will go over this very bullish technical pattern, talk about the typical ways its traded and some of the keys to swing trading success.

 

The Key to Success When Swing Trading

 

Like most activities, the key to success when swing trading is focus.

 

As with investing, you want to focus on just the best opportunities when swing trading.  2 things you can do to improve your trading is to tighten your stop when trading breakouts.

 

Another way to improve your trading is to take your strategy rules for trade selection and just raise the bar.  In other words, find some way to exclude all the B rate or C rate trading setups and just trade the A+ opportunities.

 

So be real picky when selecting a swing trading opportunity.  If you are trading a bottoming pattern, for instance, come up with a list of fundamental and technical criteria that tends to lead to a better win rate and bigger moves.

 

When it comes to trading, however, the best trades are momentum trades.  The traders that post the biggest numbers are trading breakouts or stocks trending after a breakout.

 

The Key to Success When Trading Bull Flags

 

Bull flags are a common chart pattern that traders look for.  The problem with them is that the average bull flag or even high tight flag has just a decent win rate and average profit.

 

However, when you raise the bar when selecting which bull flag flag to trade, you can turn it into a real money-maker.

 

First off, you want to generally avoid them during market downtrends.  If trading average high tight flags, you probably want to focus on them when the market averages are above key moving averages such as the 20 day moving average with a rising 200.

 

However, about 20% of high tight flag breakouts have key characteristics pre-market on the day of the breakout.  And there is a higher percentage technical entry point that many traders are not aware of.

 

Also, some industries tend to perform not as well out of this chart pattern.  You want to have enough volume and many other factors need to be good enough for us to trade it.

 

Otherwise we know the next ideal one is just around the corner in at least decent market conditions.  So why bother with the B rate opportunity?

 

This week I tried to make money on 2 grade B opportunities and both hit the stop.  Other traders swear they make money on these but I just don’t see much profitability consistently with the 2nd tier opportunities.

 

New Video Covering Ideal Earnings Breakout and High Tight Flags Setting Up

 

Meanwhile, a few of them ticked all the boxes over the past few weeks.  There were several of them including GRPN and QUBT.  Earnings breakouts are also on fire with PODD, SEZL and EXEL being mentioned in the daily alert just before explosive moves higher within a few days.

 

The following video goes over what is working well in this new market uptrend and what to avoid.  Along with some stocks that should set up nice secondary entry points in the weeks ahead:

 

 

 

 

Special Low Payment Plan Offer for Course

 

 

Get Our Latest Top Trading Setups with Great Technicals AND Fundemantals