The double bottom in the PM was a neat aid to the annotations today. Part of the prep for tomorrow is to know that tomorrow is a Friday within the context of a retrace traverse on the ST. We know how today ended and the carryover will be there on our charts at the start of tomorrow along with the bolder RTL that is in view. We know where we are. We do not predict that a rocket will take us to the ST RTL. We know there is not a single pathway. We just know what to look for and we monitor. Draw a line across your "stall" and put it in the context of where we are as a retrace traverse on the ST. What do you look for on the ST retrace traverse? Are you sure you will get it tomorrow? What is the other context you will have tomorrow from which you will know where you are in the PLACE WHERE YOU OPERATE? When you have a block of quiet time, ask yourself what is sufficient for you to do the job that may require no more than 15 minutes of participation.
Qiucky post. i am making a request for help. If anyone has the excell version or the hand version of checking out the quality of a stock to add the a universe. It is a one page sheet where you note 5 cycles in 6 months to determine the average cycle values in price and time. There are a few other factors. I posted a hand version more than two computers back (meaning my present machines and eb sites do not have the documents on them) I need an electronic version of either to add to about 20 floppoes I am handing out in two hours. TIA. i will do a scan if I can't get an electronic version. Scans are fuzzy, though.
Is this what you're looking for Grob? PM your email if not, andI can go through the rest of my (your) attachments I've downloaded.
Icarus -- I'm totally with you on this post - however I'm curious what particular Friday effect you are alluding to? In summer I expect Friday PMs to be low volume -- other than that I don't have any rules of thumb.
I feel that I get caught up a little between support and resistence and trendchannels. I draw both and monitor both and I don´t wanna be without none of them, but I find it easier to pick tops and bottoms, wich is fading the trend. So far I clearly have more talent for that. I find it less stressfull then to try to enter somewhere at point 3. I don´t know if that makes sense. To enter at tops or bottoms would be like entering at point one. The thing is when price is at point three or anywhere at the right trendline in the middle of the shortterm trend than I don´t have the same confidence in what´s going to happen. I monitor prv all the time, I mean literally look at it all the time, much more then I watch the pricechart - but when we are at point three, volume picking up, price starts to move a little in the desired direction, jumping a little back and forth, that is still not a sure thing to me. it could easily change direction after a couple of seconds. And if Stalker enters, of course it goes in the other direction. The bottom line - I´d like to enter at point three before the move starts because if I wait for confirmation and jumps the band wagon it´s very easy to get whipsawed, price moves back to the trendline before it continues. But if I enter before I get a confirmation through volume and pace I can´t be sure that the trendline will hold. Does this makes sense? What piece of information am I missing? A bit tired and I´m not sure I got you right Icarus but I draw the channels on the different fractals and zoom in and out a lot to know where I am. /Stalker
Jack, This is one Mak created awhile ago for Spyders journal. I haven't studied up on the equities side, so it may very well not be what you are looking for.
how are my chart drawing skills? i left the blue lines in there because there was some funky happenings with the traverses prior to it moving to the RTL somethine like a double FTT? i don't know, i'm just trying to get rockets to work.
Great start to the day!!! Caught the bar 4 rocket for +3 ... my best ES trade yet. It is tempting to just annotate charts the rest of the day and go into the weekend on a postitive. bar 6...
Nice on the move tx! What values do you have for bar 4? Mine kept me out... Mine are (at close of bar 4) stoch (14,1,3) :63.89, 71.31 (fast, slow) MACDh : .734 Anthony