I.  ANSWER KEY

II.   VIDEO REVIEW

LCM SWING TRADER EXAM 1 – ANSWER KEY

1. When the trend is up Where is the best location to buy?
ANSWER:    MAJOR SUPPORT

2. When the trend is down Where is the best location to sell short?
ANSWER:    MAJOR RESISTANCE

3. When the trend is down, What is the maximum target on a bull pivot signal?
ANSWER:    3 BAR RESISTANCE OR NEXT RESISTANCE ZONE, WHICHEVER COMES FIRST

4. When the trend is up, what is the maximum target on a bear pivot?
ANSWER:    3 BAR SUPPORT OR NEXT SUPPORT ZONE, WHICHEVER COMES FIRST

5. When the trend is up, What is the maximum target on a bull pivot?
ANSWER:    NEXT RESISTANCE ZONE ABOVE

6. When the trend is down what is the maximum target on a bear pivot?
ANSWER:    NEXT SUPPORT ZONE BELOW

7. What is the minimum target on an upside breakout?
ANSWER:  NEXT RESISTANCE ZONE ABOVE REGARDLESS OF MAJOR/MINOR

8. What is the minimum target on a downside breakout?
ANSWER:    NEXT SUPPORT ZONE BELOW REGARDLESS OF MAJOR/MINOR

9. What should be the maximum stop on a bull pivot?
ANSWER:   BELOW SWING BAR LOW

10. What should be the maximum stop on a bear pivot?
ANSWER:    ABOVE SWING BAR HIGH

11. What should be the maximum stop on an upside breakout?
ANSWER:    BELOW MAJOR SUPPORT

12. What should be the maximum stop on a downside breakout?
ANSWER:    ABOVE MAJOR RESISTANCE

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LCM SWING TRADER EXAM 1 – VIDEO REVIEW:

QUESTIONS 1 & 2

 

EXAM 1 VIDEO REVIEW QUESTIONS 3 & 4