What is Sweet Spot
A Sweet Spot is a low risk entry point in buying a stock or any market. AbleTrend provides a buy signal with a large blue dot when it defines an uptrend. Many times the market pulls back to test the support, AbleTrend defines market support levels with small blue dots below the bars. After testing the support, markets start to resume the uptrend and that is the Sweet Spot for an entry.
Example of Sweet Spot with Weekly Chart
A closer look at Sweet Spot with Weekly chart
Pros and cons of Sweet Spot in weekly chart
- Better direction with less market noises
- Stops based on weekly Support levels are large thus more risks.
What are Sweet Spots Within a Sweet Spot
Sweet Spots within a Sweet Spot refer to Sweet Spots in daily chart within a Sweet Spot in Weekly chart. When you get a Sweet Spot in the weekly chart, open a daily chart and wait a Sweet Spot in the daily chart and here is an example.
Benefits of Sweet Spots within a Sweet Spot
- Benefits of Sweet Spots within a Sweet Spot are two folds:
- Weekly chart catches significant trend change and defines the market direction and avoids much market noise;
- Daily chart Sweet Spots help to find better entry prices and with much smaller stop size thus much lower risk.
AbleTrend helps you to manage the trading risks
You may set your stop at blue support levels indicated by the blue dots below the bars for your stops. You may tailor your stop sizes according to your risk tolerance.
You can trust AbleTrend signals
Once AbleTrend signals are generated and once the bar is closed the signals will never, ever change in the future. Therefore all the signals generated in these historical charts were the exact same signals that were generated at that time. This is important for all traders and investors seeking for real practical trade signals with integrity.
You are entitled to a one-on-one consultation
Your AbleTrend consultant can show you the details with one on one consultation through web meeting.
For addition insights and articles on trading see our blog: blog.ablesys.com
Or watch archived sessions from our introductory and member’s webinar video series: Click here to view our youtube page
If you’re not using AbleTrend already, you can use promo code: BL16 to order AbleTrend 7.0 30-day trial for $149 instead of $199. This promotion code ends July 30.
With Warm Regards,
Grace Wang
AbleSys Corp.