Stan Weinstein Trading SECRETS | Stage Analysis [Learn to Swing Trade | Swing Trade Strategy]
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- Опубликовано: 23 сен 2024
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Love that you mention Wyckoff.
Just buy the 200 MA breakout when there is bullish divergence in the MACD. - Literally the bread and butter that has made me a six figure trader; downtrend breakouts.
Hi Jack, Ive just read the book and followed up by watching this, great vid! Couple of questions, does this technique work on bonds? Also, I invested in SEDG a while back, just looking at the chart now is that in a stage 3? because the range is enormous! Any help appreciated, cheers
Which moving average? Simple or weighted or exponential?
I like 10d EMA, 21d EMA, 50d SMA, 100d SMA & 200d SMA for daily. Weekly, 10w SMA and 40w SMA.
How to use relative strength in daily time frames ...
Where do you get the Mansfield Relative Strength Indicator, the one on Tradingview is SPX, I need one for UK, great video by the way
Change the one on trading view to XJO or XAO.. You can change it in the indicator's settings.
@@frankmanno6207 Thanks Frank so I guess for the UK I will use UKX, done, let's try some backtesting to see now, thanks again
For India?
Thanks for watching
Guys 30 week MA is it translated to 150 day MA or 200 day MA??
150 day ma. JC
What if you miss the ideal entry point? How do you know when a stock has advanced too far to get in?
>5% from pivot
One problem, your talking about using the weekly chart and your example at the end in the daily chart. Could you explain that? Is there a reason?
I like the daily
Nice video jack. I having bit difficulty in counting bases in stage 2 uptrend. It'll be great, if you could make a video on how to count bases in stage 2 uptrend? I believe none explains about the proper base counting in RUclips.
Do high tight flags with basing period of 3 to 4 weeks need to be counted under stage 2 base counts. Thanks again for all your efforts and teaching.
O'Neils book How to Make Money in Stocks will be worthwhile reading for you. I'll make a video in due course. JC
@@jeevakalathi3861 Yes. JC
@@JackCorsellis Thanks Jack!☺️
Nice video & explanation. I was wondering, how can get the Mansfield relative strength indicator? Is it same with the Relative Strength line indicator? Thanks
Several people have created it on TradingView, or you can use my Relative Strength Line on TradingView. JC
Where do you get these charts? Strength, volume, support and resistance, etc. Im reading Weinsteins book now
Screen for them
@@JackCorsellis can you please elaborate? I use TD Ameritrade now, but they dont have charts like Stan uses in the book.
@@lardofarp Don’t they have a trading app or program? Fidelity has Active Trader Pro which is free if you have a fidelity account. You might be able to open an account with Fidelity for $50 and just use their trading software. With most brokers having zero commissions to compete with the others there is no reason to identify half assed brokers
Thanks sir . Very informative
What moving average to use on daily charts charts ???
Stan in a recent interview said 200
Why does this video keep jumping to other videos, usually during a commercial break?
Not sure!
Nice video.
What a combo Stan & Jack. Pay attention folks
Thank you very much for your support
How is the 30week MA the 150day MA? 30x7 is 210
5 trading days in a week for stocks - Monday to Friday. Market is closed on weekends. 30 x 5 = 150. Hope that helps
@@JackCorsellis Ahh, thanks!
Great video - thank you Jack. This was the first book I read about stock trading. Such a great book- great clarity and insights. The stage analysis described in this book really resonated with me (and still does of course!)
Thanks for the positive feedback. I agree it's one of the all time greats and a must read. JC
Hi jack, are we looking at 150ema on weekly chart or daily chart?
he is looking Daily
Hi on which website or app can I check the RS indicator for stocks?
See www.tradingview.com/script/J9A1qxg7-Jack-Corsellis-RS-Line/
Hi Jack, great video. Stan’s book is my personal favourite (suits my trading timeframe and is simple). There could be a part 2 to your video (how Stan set his initial stop loss and how he raised it on those trades that were working out).
Thanks for the comment Christopher and great idea... will film a Part 2 in the next few weeks. JC
Great video and excellent examples on this great book. 2nd reading starting tomorrow. Thanks Jack.
Agreed Tony, written decades ago but amazing how applicable Stan's rules and methods remain. JC
👍👍👍. tnx for video
You're welcome. Thanks for watching and hope it's helpful
weekly timeframes are the best, intraday timeframes make my head hurt lol
Agreed. My favourite are the daily and weekly. JC
As always the hard part is to find these stocks
Thanks for watching. See ruclips.net/video/4MUNYW5kA2Y/видео.html.
I scan thousands of stocks everyday and provide the latest top opportunities to my member's everyday in my stock watchlists, breakout lists and live daily watchlist show that runs 45 mins before US stock market open (I cover the stocks, talk through how I am managing open trades and answer member's questions). See jackspremiumplan.com
This is great Jack
Thanks Ken, appreciate the support! JC
Critics say Stan's book, published in 1988, is outdated. Do you agree? 10 years ago, Stan was mostly using daily charts w/50, 150, and 200 MA's. How do feel about that?
Also, how reliable are stops really? For ex, bad news breaks pre-market for your stock, it opens well below your stop and you take a big loss. Stan assumes your stop will always take you out at the stop's price, but that's often not the case
Oh, and which charting service do you use?
The core fundamentals are relevant. Name one successful trader who doesn't use stops?
@@JackCorsellis oh, i didn't say they're useless, just that they aren't nearly as foolproof as some people assume they are. Especially with volatile small cap stocks that are news and event driven or during a severe sudden market crash.
the fundamentals are still good, but the settings might need to be adjusted to account for the faster pace of trading today, computerized trading, shorting, etc. It wasnt clear in book if he preferred weighted or simple ma's
@@cloudbuster77 weekly or daily, simple or exponential moving average does not matter. Results will be similar. The logic is the same.Nothing has changed. You need to adjust the risk management and position size to avoid a huge loss. There is no such thing as a perfect trade.Perhaps the only criticism of the book is that Stan did not give much space to risk management.
@@cloudbuster77 Stan said in his book weighted because it gives more weight to recent action.
More great lessons, thanks Jack
Thanks Ryan, appreciate the positive feedback. JC
Thnks mait
Thank you Siboniso! JC
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I count myself to be successful in trading with the amazing strategy of Mr. Wilson james.I invested $5,500 and i made a huge profit of $15,350 monthly, he's really a genius
I have been trading by myself for a while and havent been good at it, how can I get in contact with Mr Wilson
@@johnmuth1452 You can write him (officialwilsonjames@gmail.com)
@@user-li2qj3cf7c Thankyou for sharing this guy , any more info to share ?
I just emailed him !
thankyou for sharing , I hear you !
im just starting out , really want to find someone who can help teach me and or do on my behalf , how did you find out about him?