Swing Charts Flashcards
When comparing swing chart movements what should you be comparing?
The current top with the most recent top - is it up or down?
How is momentum in the market measured?
Through the ranges
Never us a ….. chart to determin trend
bar chart
Always ask are the ranges ….. or …..
expanding or contracting
Who buys when there is distribution?
This buying is lead by the institutions
Rating the strength of a trade:
Describe a neutral trade:
When the ranges are remaining the same, i.e. the current range is the same as the previous swing
Describe an over balance of time:
If you have a 2 day reversal and suddenly you have a further day i.e. 3 day reversal it is said that you have an over balance of time
Swing charts measure:
price and range NOT time
In relation to swing charts describe an uptrend:
Higher tops and higher bottoms
Ranges on swing charts are measured how?
From swing low to swing high
During inside and outside days what should you be doing with your decisions?
Pause them and take stock as these are days of indecision
In relation to normal charts describe an inside day:
Where there is a lower top and a higher bottom when compared to the previous day
In relation to swing charts describe an outside day:
There is a higher top and a lower bottom when compared to the previous days range
Rating the strength of a trade:
Describe a strong trade:
When the ranges are expanding
Who buys when there is accumiluation?
The sheeple
