In this Weekly time frame strategy, I have explained Stan Weinstein Trading method in detail. Most of the concepts discussed in this video are taken from Stan Weinstein's Secrets For Profiting In Bull And Bear Markets.
While explaining his concepts, I have suggested using different parameters for Moving Average in order to catch Price Action trends better. Stan Weinstein advocates using Weekly time frame moving average along with Relative Strength Indicator in order to identify Best Stocks in the Stock Market.
Stan Weinstein in his book has suggested buying only those stocks that are clearly in Stage 2 cycle (based on Wyckoff stage analysis) and are clearly out performing the market. Despite advent of advanced trading system's Stan Weinstein Trading Method still works very well and should be explored further to identify Strong performing Stocks in the market.
Most of Stan Weinstein's concepts revolve around Price Action Trading patterns wherein Weekly time frame is used to an Advantage while selecting Stocks to Invest. In this part, I have covered how to buy stocks and in the next part, I will cover how to short stocks based on Stan Weinstein's Trading method.
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