5 Elements of a Master Swing Trader
You can't make money off Candlesticks alone.
And in this lesson, you'll see the 5 elements you must master to cash in, along with 13 swing trading case studies.
JR takes you through:
1. STRUCTURE: Where are we in the Wyckoff Cycle?
Accumulation, Mark Up, Distribution, or Mark Down?
JR has been a Wyckoff student for decades, and this is where JR figures out where we are in the cycle.
Forget the indicators. Price tells you where the bids and offers are, and what we might see going forward.
2. PRICE ACTION: Within the context of Market Structure:
Is price Breaking Out, Forming Channels, or Forming Ranges?
Are making higher highs and higher lows, or lower highs and lower lows?
If we are seeing lower lows, we don't look for bull flags and pennants.
3. PATTERNS: Within the context of Price Action:
What kinds of patterns are forming?
We have to know if we are looking at Accumulation Patterns, Distribution Patterns, or Continuation Patterns.
Because that tells is where capital is moving.
If we see Continuation Patterns, we have to get more aggressively long.
4. ORDER FLOW: With Patterns, Price Action and Market Structure combined:
Are there any signal bars or important candlestick patterns to give us an entry?
We need a reason to pull the trigger.
You want to see the Order Flow beneath the surface to support your thesis.
5. TAPE READING: Combined with Order Flow:
Does the tape confirm the setup?
Do we have proof we are on the right track?
So where do we go from here?
JR layers on his “Adoption Diffusion Model”
Because uptrends, distributions, and downtrends happen in stages.
Ideally, we want to be the Innovators that get in the early stage of an uptrend (not so easy) but as long as we are in before the Early Majority, we are good.
For a more realistic look at this concept, we look at the Wyckoff Cycle:
Want to see how JR's community used this exact framework to nail stocks like UnitedHealth (UNH), Caterpillar (CAT), Unusual Machines (UMAC), American Semiconductor (AMSC), Pan American Silver (PAAS), and more?
Scroll up to the video above if you haven't already and hit the play button.
He walks you through all the setups at the 9:45 mark.
Learn How JR Went from Coder to Hedge Fund Trader to VTF® Leader