Trade Setups and Outcomes based on AAPL weekly chart
This is another example of our “Trade Setups and Trade Outcomes Series.” The purpose of this series is to provide you with a historical view or a bird’s eye view of how AbleTrends signals of the weekly chart have been performing for swing trading.Trade Setup of AAPL 20131006
On October 6, 2013 AbleTrend gave a buy signal at the Sweet Spot, see the detail rules above.
Trade Outcome of AAPL 20131006
On August 2nd 2015 AbleTrend gave an exit signal with large red dot. Being able to identify an early trend is amazing but even more remarkable is having AbleTrend show you where to place your protective stops before you even enter the market that way you know the exact reward/risk ratio ahead of each trade based AbleTrend objective support and resistance levels.Small blue dots below the bars are AbleTrend support levelsAbleTrend support levels are designed to help you stay in the big move with minimum risk and avoid getting stopped out too early. Many times markets just test support levels before resuming the trend on a larger scale. If you know where the support levels are, you can watch the market as it tests the support levels with ease. You will not be scared and prematurely exit the market but will be able to continue to profit as the market goes up. AbleTrend support levels are dynamic and automatically adjusted by the software as the prices change. They are determined by the actual market conditions and they are:a. Objective;b. Visual and easy to usec. Reliable in real trading.Add more positions at SSb (Sweet Spot for buy position)AbleTrend support levels not only help you to sit tight with winners, but also are the best spots to add more positions with SSb as show in the above chart.
Shall you side with Warren Buffett’s view and buy AAPL now?
Berkshire Hathaway purchased its stake in Apple at an average of $109 per stock. This means that Berkshire’s position on Apple is in the red right now. Should you side with Warren Buffett’s and buy AAPL stock for a much lower price than he bought them? Here is the recent Trade Setup for selling AAPL.
Recent Sell signal with AAPL weekly chart
You can trust AbleTrend signals
Once AbleTrend signals are generated and the bar is closed the signals will never ever change in the future. Therefore, all the signals generated in the historical charts were fixed as they were generated at that time. This is important for all traders and investors seeking for real practical trade signals with integrity.
AbleTrend helps you to manage the trading risks
You may cut the loss short by exiting at the large red dot or set stop at one level lower than AbleTrend support dots as indicated by small blue dot below the bars on the chart.
Use Weekly chart as a guidance chart
Many AbleTrend users who swing trade the markets use the weekly chart as a guidance chart to get a general direction of the market and use daily chart or even 120min chart or 60min chart to find the Sweet Spots to enter the market. In our live webinars we introduce scale up and scale down skills base on the weekly guidance chart.
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With Warm Regards,
Grace Wang
AbleSys Corp.
gracezh@ablesys.com