Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Key Levels, Finding The Perfect Trade

As the markets continue their wild ways, with moves up and down every other day, the swing trading market has become a thing of beauty. Major stocks are being slammed down, then bouncing off major support levels for a day or two, before dropping again. This seems to be repeating every few days which makes swing trading even better. One ideal swing trade was Ford Motor Company (NYSE:F). Yesterday, the stock fell into the 200 moving average on the daily chart. This was the first hit of this major support in months and thus would be a perfect long swing trade. The buy triggered at the 200 moving average at a price of $14.00 yesterday. Today, the stock is jumping, spiking to a high of $14.54. This is an example of a perfect swing trade. Half the profit should be off the table at this level and a break even stop on the remainder.

Gareth Soloway