0:04 hey guys Brian from variable traders
0:09 it's April 4th as you can see and just
0:11 gonna go over a swing trade that I did
0:13 now I've been doing many swing trades
0:16 the last couple days or week or so
0:18 because of the volatility in the market
0:20 and so it's kind of difficult to hold
0:23 things because you just never know which
0:24 direction the markets gonna go each day
0:29 but I saw the swing trades set up and I
0:32 really liked it and so I did it and I
0:35 didn't post it just again because kind
0:38 of I kept the size small because I just
0:39 think everything's a little dicey right
0:41 now for swing trading but I did like the
0:43 way this thing set up so I did think
0:45 think too
0:47 you know that it was worth taking a
0:50 trade on and I'll show you why or how I
0:52 found it and why I thought it was a good
0:55 trade so basically what I did was a I
0:56 did a scam
1:00 I looked for price action and stocks
1:03 price that was trading above the simple
1:07 20-day moving average but below the 50
1:09 and 200 the reason I did that was I was
1:12 looking for reversals so anything that's
1:15 above the 20 is starting to reverse just
1:17 starting to reverse you know it hasn't
1:19 caught up to the 50 or 200 because it
1:21 haven't hasn't crossed those lines yet
1:25 so I thought you know it's a good way to
1:27 catch a reversal so I did that scan and
1:30 I came up with SSC and you can see here
1:32 it's sold off quite a bit
1:35 started some bottoming action this is
1:37 the 20-day moving average right here
1:42 this is the 200 and this is the 50 so
1:44 you can see here when they did the scan
1:46 I found you know price action above the
1:49 20-day simple moving average but still
1:53 below this 250 moving average and then I
1:55 looked at the pattern of this stock and
1:57 I really like the pattern on it you know
1:59 you can kind of see you know things that
2:01 you like to see in a reversal you like
2:05 to see those low and then a higher low
2:07 you know and then it didn't break here
2:10 another higher low here and then higher
2:12 highs as well
2:15 along the way and I didn't actually pick
2:17 this up I didn't haven't been doing
2:19 scans so I didn't pick this up till till
2:23 I think when it was it was on this sort
2:27 of bull flag here and it just looked
2:29 like a really nice setup nice bull flag
2:32 a couple of bottoming patterns there so
2:34 that's why I really like this this trade
2:37 Atlas just looked like a really nice
2:40 setup for a continuation and that's
2:42 exactly what we got so I got in you know
2:46 I found this I guess it was on the 29th
2:48 you know opened up on the the second I
2:50 was gonna get in and you can see it
2:54 gapped up here but I still wanted to
2:56 take the trade so I think I got in
3:01 around 240 and you know knowing my stop
3:04 now is gonna be around 220 so 20 cent
3:09 downside and I was looking at this this
3:11 filling this gap here which was about
3:16 you know 280 so 242 280 40 cent upside
3:21 to times reward to one-time risk would
3:22 have been better to get a entry down
3:25 here to 20 but obviously got that's when
3:27 you find these things and they gap up
3:29 and they move away on you so you got to
3:31 be quick to reassess what your risk
3:33 reward is but still thought it was a
3:35 good trade like the price action during
3:38 the day I think this is quite a big down
3:40 day here and and the stock was up so
3:43 that gave me some confidence that it was
3:45 gonna continue and I you know held it
3:48 into into today and I sold it up around
3:51 280 290 I scaled out of it so real happy
3:54 with the way that trade turned out so
3:57 anyway that was that was a swing trade
4:02 it was only only held at I guess only
4:04 held at one day but it turned out really
4:07 good and it was a really nice setup so
4:10 anyway that's it I hope you got
4:13 something out of this video I'm gonna be
4:15 looking for more swing trades and in the
4:16 future or maybe going to start posting
4:22 some of them that I find so we'll see
4:24 you in the day trading room tomorrow
4:26 variable traders have guys
