The beauty of a trading system based on technical analysis is that the very same tools, patterns and setups can be used for multiple trading time frames… 

Think about it… you may be trading for a living here… but what if you can also find secondary trades by using the same system but looking at longer period charts (weekly vs. 30min charts)? 

Doing this with longer-term charts could get you set up to capture a bigger move than you normally grab on a day trade or swing trade…

… and there is nothing more you need to learn… 

Would that interest you?

I want you to see that by taking the same analysis you use today and swing trade… and applying it to a longer period chart… you can find a whole new set of trades without needing a new system…

… so I am going to show you a long-term buy setup in AMT…

 

AMT Long Term Buy

 

While short term trading is my specialty and the driving force behind building my profits to a whopping $2.4 million, there is more than one way to pull out big gains…

And taking long term setups is the perfect complement to a technical analysis based system

Pay yourself a bonus or just build your account faster… whatever it is, you can do it by adding long-term buys into your trading repertoire…

To see a great setup of a long-term buy, let’s look at a few charts of American Tower Corp. (AMT).

One thing that helps no matter how long you hold trades for… is to look at multiple timeframes… 

Here’s why — viewing the chart with longer time periods gives me a broader view to find major support and resistance levels… and then narrowing the time period lets me find an entry setup… 

And by knowing where major levels are..  I will be able to plan my trades around them…

Now for the charts:

I start with the weekly chart of AMT, we can see it’s in a long uptrend, but what stands out is that every time it pulls back to the 20 simple moving average (SMA)… it bounces back up. 

And if you will notice the most current weekly bar in the chart… the price came down and touched the 20 SMA again and bounced off it…

 

 

Now I like to go out a little further and take a quick look at the monthly chart…

In the chart below you can clearly see a nice uptrend that seems to be holding above the 20 SMA… this chart gives us a bird’s eye view, in this case, the long uptrend… it’s strong.

 

 

And then to find an entry for AMT, I will narrow it a little more and look at the daily chart.

What you can see here is the price pulled back and even dipped below the 50 SMA on the daily chart…

But then it started to rise back up, and by looking at the weekly chart earlier, I know that AMT is currently bouncing off the 20 SMA there…

So my plan was to buy if it popped off the 20 SMA…

It did, so to find an entry… I used the daily chart and waited for the price to get back above the 50 SMA… and then I bought it…

As all traders know… you don’t get in a trade without having a stop loss in place…

If you look at the daily there is a great spot for a stop just under the low of that swing… which is also under the 20 SMA on the weekly… this is how I bring multiple timeframes together to add value…

 

 

And since I shared this trade (including a video explaining the trade) with my students on Sept. 12… I added an updated chart below, just to view how the stock has traded since then…

As you can see we got a small pullback after getting in (not close to getting stopped out though)… then it made another move up… at one point over $10 higher…

… and this is just the beginning for this trade…

 

 

So just imagine coming in, learning these chart setups, and making money trading… and once you’ve learned to trade them, you add in a long term buy strategy as well… more money…

But regardless of what your goal is… step one is to become a member and learn the system

And with me… you will never be on your own… I run a live trading and training room… every evening, I share my daily watchlist with explanations and videos (these videos will be instrumental to your development as a trader)…

And of course I send trade alerts for every trade I personally get in…

You may have missed the AMT trade… but there are plenty more to come…

 

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