weekend charting elevator week 7th may, page-3

Guys after this week and seeing all those swings down i thought i would post a chart on Gann ABC swing trading, Basically you only trade swings and you pyramid your holdings higher.

When you make a swing low and it breaks the high you buy your shares and put the stops at the bottom of that swing low. Then when it makes a higher swing bottom it is confirming when it breaks the previous swing top at which point you buy more shares and move stops to the bottom of the most recent swing low. You basically continue to do this until you are stopped out but making sure that you decrease the amount of shares that you are holding as to minimize you risks as you go and keep your average really low and give you the maximium amount of profit. You can alter this of course and try buy on the swing lows but waiting for the break confirms it.

Just thought i would show you guys this and how rewarding it can be and it is entirely feasible with CFD's now as that JBH position i mean not including your interest payments would only be an outlay of around 10 or 15% of the positions. I have not included brokerage here either but you can work it how you like.