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Simple Swing Trading Strategy Using Large Players and Pocket Pivots

Posted by on July 9, 2017 5:16 PM
Tags: , , , , , ,
Categories: Lessons

Are you ready for a simple swing trading strategy that uses large player volume and pocket pivots?

The idea is to screen for pocket pivots and effective volume studies that show large players accumulating. You look for a positive divergence between large player volume and price and make sure the Twiggs Money Flow confirms the positive divergence on the large player volume. I would not enter a swing long position if the Twiggs Money Flow doesn’t confirm the signal.

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What makes this simple swing trading strategy so awesome is that you can use one tool called Chartmill here to quickly screen thousands of stocks for large players and pocket pivot signals.

Simple Swing Trading Strategy

Log in to your Chartmill account and click on Charts at the top of your screen:

Simple Swing Trading Strategy

In the Add Indicators box, add the indicators: Simple Moving Average (50), Effective Volume: Large Players (), Pocket Pivots (Kacher/Morales)(10,2), Twiggs Money Flow (21), and Support+Resistance Lines():

lessons swing trading indicators - Simple Swing Trading Strategy Using Large Players and Pocket Pivots

Now save those chart settings by clicking on the little menu graphic button, and then the Save button in the top right corner of your screen:

lessons save chart settings - Simple Swing Trading Strategy Using Large Players and Pocket Pivots

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Please note, there’s two menu graphic buttons on the right side of your screen. You want to click on the top most menu graphic.

Now that your swing trading chart indicators are saved, to screen for stocks using the simple swing trading strategy of large volume and pocket pivot signals, click on Shared Screens at the very top:

lessons swing trading screener 640x154 - Simple Swing Trading Strategy Using Large Players and Pocket Pivots

Now scroll down and select “large effective volume + pocket pivot today”:

lessons swing trading pocket pivots 1100x334 - Simple Swing Trading Strategy Using Large Players and Pocket Pivots

Charts will populate on your screen. What you are looking for are stocks that have been consolidating with rising large players volume and a recent pocket pivot signal.

When you find a stock that looks interesting, copy the ticker symbol. Now go back to the Charts area and type in the ticker symbol and load the default chart settings you saved in the steps above.

Chartmill

You are looking for the Twiggs Money Flow to confirm the positive divergence between large player volume and price action.

This is a really simply swing trading strategy that is working nicely right now. Below is a video lesson I did of the steps above for those of you who find it easier to follow along by looking at my screen.