John Paul, the founder of DayTradeToWin, is in agreement with other financial analysis regarding expectations for the remainder of 2022 as well as the years 2023 and 2024. The first prediction or estimation is that 2022 price activity will continue descending while fluctuating. In other words, the expectation is a choppy gradual fall. He provides some key price points, and these are worth paying attention to.
If those key points are hit, the expectation is that 2023 will end in all-time highs. An unprecedented buying opportunity could be underway. Such activity involves swing trading. Swing trading is when a trader holds a position longer-term than intraday. But when do you buy during this expected long-term bullish 2023 activity? John Paul’s suggestion is to follow the January effect, which calls for buying after price retraces 50% of the way back up to a prior high.
The prediction for 2024 is that, overall, it will also be an up year. Why? Traditionally, election years are up years. Of course, you may wait for the January Effect to validate this expectation of the up year. You may find it beneficial to review the January Effect, as it describes how the month of January for each year has a history of exemplifying whether the entire year will be up or down as well as how to swing trade bullish retracements.
DayTradeToWin offers many day trading methods. The focus is price action trading over other complicated or rigid methodologies. Price action focuses on what is right in front of you rather than advanced concepts or abstractions. For assessing volatility as well as determining the profit target and stop loss, the ATR (Average True Range) it utilized. With knowledge of how to use a signal and the related method, one can place and manage a trade. This includes placing the profit target, stop loss, and exiting as gracefully as possible if the fill has not happened within a given period or under other conditions.
Morgan Stanley’s Andrew Slimmon: ‘It’s hard to see the market correcting before year-end.’ The S&P…
High Valuations Raise the Stakes as Q4 Earnings Forecasts Decline As the year winds down,…
Adaptability is the foundation of successful trading. Markets are ever-changing, shifting in speed, volatility, and…
Bears Are Eyeing This Stock-Market Predictor — But It’s Rarely Right The “Fed model” isn’t…
Unlock the potential of day trading with two of the most dynamic futures market: the…
Stock Market Surge After Trump’s 2024 Election Victory, But Uncertainty Looms The stock market soared…