Swing Trading Examples Flashcards
1
Q
How much percent of the time is the the BO phase followed by a PB then a Channel or TR?
A
90% of the time the BO phase is followed by a PB and then a Channel or a TR
Spike and Channel is a very common pattern
2
Q
Opening Reversal - Into a Bull Trend
50% of opens have failed BOs and Reversals
Strong Selloff and then Opening Reversal Trapped Bears
After 2 or more consecutive big bull bars closing on their highs & with little overlap there is a 70% chance of a least a MM up (after the failed opening sell off now turned bull trend)
A
Opening Reversal - Into a Bull Trend
50% of opens have failed BOs and Reversals
Strong Selloff and then Opening Reversal Trapped Bears
After 2 or more consecutive big bull bars closing on their highs & with little overlap there is a 70% chance of a least a MM up (after the failed opening sell off now turned bull trend)
3
Q
Spike and Channel Bull Trend - A VERY COMMON PATTERN
90% of the time the BO phase is followed by a PB and then a Channel or a TR
10% of the time the Bull BO reverses, it is usually as a Parabolic Wedge Top when this reversal occurs
A
Spike and Channel Bull Trend - A VERY COMMON PATTERN
90% of the time the BO phase is followed by a PB and then a Channel or a TR
10% of the time the Bull BO reverses, it is usually as a Parabolic Wedge Top when this reversal occurs
4
Q
Swing Trades that begin on the open usually last at least 2-3 hours, but can be 30 minutes to 4 hours
A
Swing Trades that begin on the open usually last at least 2-3 hours, but can be 30 minutes to 4 hours
5
Q
How much percentage of the time do Bull BOs reverse? And what pattern usually leads to the reversal?
A
10% of the time the Bull BO reverses, it is usually as a Parabolic Wedge Top when this reversal occurs
6
Q
Bull Opening Reversal then TR
Failed attempt @ follow-through buying, after yesterday’s strong close
@ the opening of the day if I see TWO BIG BEAR BARS closing on their lows I should determine the market is AIS
A
Bull Opening Reversal then TR
Failed attempt @ follow-through buying, after yesterday’s strong close
@ the opening of the day if I see TWO BIG BEAR BARS closing on their lows I should determine the market is AIS
7
Q
What Pattern is the on the open?
A
Parabolic Wedge Top
This is a very common pattern on the open (Remember 50% of Strong Opens REVERSE!)
Typical in a Parabolic Wedge opening reversal, when it starts to reverse it goes down in a fairly tight channel for 5 or 10 bars.
If instead it goes for 5 or 6 bars and then bounces for a little bit then it probably will not be a parabolic wedge top bear trend
8
Q
Whenever I have a Wedge and the final push leg is Strong odds are the wedge will be a 2nd leg up
A
Whenever I have a Wedge and the final push leg is Strong odds are the wedge will be a 2nd leg up
9
Q
This is a FAIRLY COMMON PATTERN ON THE OPEN
PARABOLIC WEDGE TOP then Bear Trend
This could be a Bull Trend in what would become a TR or The High of the Day so a Bear Trend Day; therefore I must be prepared to sell
A
This is a FAIRLY COMMON PATTERN ON THE OPEN
PARABOLIC WEDGE TOP then Bear Trend
This could be a Bull Trend in what would become a TR or The High of the Day so a Bear Trend Day; therefore I must be prepared to sell
10
Q
In a Triangle there is a 50% BO in either direction
A
In a Triangle there is a 50% BO in either direction
11
Q
Bull Trend, then TR; Bulls want a Trend Resumption
A
Bull Trend, then TR; Bulls want a Trend Resumption
12
Q
Parabolic Wedge Top then Failed Bear BO
It is very important to mark the LOD and HOD as a failed BO in these S/R can warrant a move up or down entry up the failed BO.
When there is a wedge or a DB or any pattern that strengthens these failed BOs for a trade it is a great entry
A
Parabolic Wedge Top then Failed Bear BO
It is very important to mark the LOD and HOD as a failed BO in these S/R can warrant a move up or down entry up the failed BO.
When there is a wedge or a DB or any pattern that strengthens these failed BOs for a trade it is a great entry
13
Q
Sell Climax then a WEAK BULL CHANNEL
This is TR Price Action
A
Sell Climax then a WEAK BULL CHANNEL
This is TR Price Action
14
Q
Parabolic Wedges are not only up they can also be down
Whenever I get a series of 3 or 4 Consecutive Sell Climaxes on the Open I have to be thinking about an Opening Reversal - A parabolic Wedge Selloff then Reversal up and end of the Bear Trend
A
Parabolic Wedges are not only up they can also be down
Whenever I get a series of 3 or 4 Consecutive Sell Climaxes on the Open I have to be thinking about an Opening Reversal - A parabolic Wedge Selloff then Reversal up and end of the Bear Trend
15
Q
Once the market is clearly controlled by the bears, bears will bet that a BO above a prior high will fail
LOM should only be used once a Traded develops a better relationship with the market with screen time
A
Once the market is clearly controlled by the bears, bears will bet that a BO above a prior high will fail
LOM should only be used once a Traded develops a better relationship with the market with screen time
16
Q
BO above Yesterday’s High then PB
3 consecutive Buy Climaxes - Parabolic Wedge Top but in a tight channel so a bear is unlikely without a TR and a MTR
A
BO above Yesterday’s High then PB
3 consecutive Buy Climaxes - Parabolic Wedge Top but in a tight channel so a bear is unlikely without a TR and a MTR
17
Q
Reversal Down from Gap Up and Might Resume Up
No Follow - Through buying after yesterdays strong close
Failed BO above yesterdays’s high
STC of Big Bear Bar or Follow - Through Bar
Shorts exit above strong bull buy signal bar near MA
A
Reversal Down from Gap Up and Might Resume Up
No Follow - Through buying after yesterdays strong close
Failed BO above yesterdays’s high
STC of Big Bear Bar or Follow - Through Bar
Shorts exit above strong bull buy signal bar near MA
18
Q
Opening Reversal - Wedge PB to MA
After yesterdays strong rally, look for an Opening Reversal up from MA and then trend resumption up into a Spike and Channel bull Trend
A
Opening Reversal - Wedge PB to MA
After yesterdays strong rally, look for an Opening Reversal up from MA and then trend resumption up into a Spike and Channel bull Trend
19
Q
Gap Up, BOM - DB Bull Flag
A
Gap Up, BOM - DB Bull Flag
20
Q
Tight Bull Channel - BET BEAR REVERSALS WILL FAIL
Tight Bull Channel = ONLY BUY
A
Tight Bull Channel - BET BEAR REVERSALS WILL FAIL
Tight Bull Channel = ONLY BUY
21
Q
BIG GAP UP - DB Bull Flag at MA
A
BIG GAP UP - DB Bull Flag at MA
22
Q
Whenever I have a BTC market and then a Big Reversal/Deep PB I must look to Buy above a Bull Bar
The 2nd entry should be at least 2-3x Bigger then a minimum scalp
A
Whenever I have a BTC market and then a Big Reversal/Deep PB I must look to Buy above a Bull Bar
The 2nd entry should be at least 2-3x Bigger then a minimum scalp
23
Q
Strong Rally Late in Bull - Probably an EXHAUSTIVE RALLY
A
Strong Rally Late in Bull - Probably an EXHAUSTIVE RALLY
24
Q
Bull Leg in a TR
A
Bull Leg in a TR
25
Bear Trend from Open - If Weak, WATcH FOR a RALLY
Yesterday ended with a TTR in a TR day, inertia means more TR price action is LIKELY
Selloff on open
No consecutive big bear bars
No clear sell signals or signal bar
Tails, small bars, overlap, reversals, Probably a bear leg in a TR DAY
Bear Trend from Open - If Weak, WATcH FOR a RALLY
Yesterday ended with a TTR in a TR day, inertia means more TR price action is LIKELY
Selloff on open
No consecutive big bear bars
No clear sell signals or signal bar
Tails, small bars, overlap, reversals, Probably a bear leg in a TR DAY
26
At some point in a weak bear trend open you will determine a TR is likely and look for reason to Buy in on the weak Bear Leg; Wedge Bottom then Bull Trend
At some point in a weak bear trend open you will determine a TR is likely and look for reason to Buy in on the weak Bear Leg; Wedge Bottom then Bull Trend
27
Rally from GAP DOWN OPEN - Can fail around MA and 50% PB
Rally from GAP DOWN OPEN - Can fail around MA and 50% PB
28
Wedge Top then Bear TREND
Sell Wedge LH @ MA
Gap Bar, 50% PB
Wedge Top then Bear TREND
Sell Wedge LH @ MA
Gap Bar, 50% PB
29
TR Yesterday - Increases Chance of TR Today
Yesterday had a lot of TR Price Action and Today opened with a lot of TR Price Action
Made a lot of TR price action likely for next several hours
TR Yesterday - Increases Chance of TR Today
Yesterday had a lot of TR Price Action and Today opened with a lot of TR Price Action
Made a lot of TR price action likely for next several hours
30
DB then Triangle and TTR
Sell DT Bear Flag at MA; STRONG SELL SIGNAL Bar
Buy Tight Channel so probably a minor reversal
Lack if consecutive big bear bars so probably bear leg in a TR, not a Bear Trend
DB then Triangle and TTR
Sell DT Bear Flag at MA; STRONG SELL SIGNAL Bar
Buy Tight Channel so probably a minor reversal
Lack if consecutive big bear bars so probably bear leg in a TR, not a Bear Trend
31
Everyone wants clear trading; most days are not very clear so taking the best looking setups will most times yield the best trading results
Everyone wants clear trading; most days are not very clear so taking the best looking setups will most times yield the best trading results
32
Bear Channel - Hold Short but it can be difficult
Bear Channel - Hold Short but it can be difficult
33
Final Bear Flag then a Strong Bull Swing
Gap Down, TTR, BOM (50% chance of a BO in either direction)
50% chance the first BO will reverse
**Bear BO and follow-through**
* 50% chance of Measuring Gap
* 50% chance of Exhaustion Gap
Final Bear Flag then a Strong Bull Swing
Gap Down, TTR, BOM (50% chance of a BO in either direction)
50% chance the first BO will reverse
**Bear BO and follow-through**
* 50% chance of Measuring Gap
* 50% chance of Exhaustion Gap
34
Final Bear Flag then TR Day
Buy failed bear BO (Possible low of the DAY)
Spike and channel bull trend, but 16 bar bull micro channel (this is unsustainable and therefore climatic)
Buy Climax so PB soon likely
Final Bear Flag then TR Day
Buy failed bear BO (Possible low of the DAY)
Spike and channel bull trend, but 16 bar bull micro channel (this is unsustainable and therefore climatic)
Buy Climax so PB soon likely
35
TR Day then a Late Bear BO
TR Day then a Late Bear BO
36
Parabolic Wedge Bottoms are less common than Parabolic Wedge Tops
Here, Wedge, but not very climatic, so not extremely oversold.
Not as much need of strong reversal of oversold market, no consecutive big bear bars, not a parabolic curve down
Parabolic Wedge Bottoms are less common than Parabolic Wedge Tops
Here, Wedge, but not very climatic, so not extremely oversold.
Not as much need of strong reversal of oversold market, no consecutive big bear bars, not a parabolic curve down
37
Early Low- Higher Probability to wait for Strong Rally
It is okay to buy swing , but better to wait as likely there is more sellers above as bears still have more imminent pressure and bigger bodies
Early Low- Higher Probability to wait for Strong Rally
It is okay to buy swing , but better to wait as likely there is more sellers above as bears still have more imminent pressure and bigger bodies
38
Wedge Bottom - Higher Probability to wait for a Rally to then Buy
Wedge Bottom - Higher Probability to wait for a Rally to then Buy
39
Wedge Bottom FAILED
Bear Trends are always forming Wedge Bottoms and Bull Trends are always forming Wedge Tops
When the channel down is very tight the reversals are probably minor and the channels will become bear flags and the market will probably continue down
Wedge Bottom FAILED
Bear Trends are always forming Wedge Bottoms and Bull Trends are always forming Wedge Tops
When the channel down is very tight the reversals are probably minor and the channels will become bear flags and the market will probably continue down
40
What are ALL MTR Bottoms?
They are all DBS
41
2 Legs Down - Then another Bottom Attempt
Another Bear BO below wedge Bottom
Nested Wedge (final leg subdivides into smaller wedges)
NOW ANOTHER PARABOLIC WEDGE BOTTOM (also reached the MM Target)
2 Legs Down - Then another Bottom Attempt
Another Bear BO below wedge Bottom
Nested Wedge (final leg subdivides into smaller wedges)
NOW ANOTHER PARABOLIC WEDGE BOTTOM (also reached the MM Target)
42
2nd Bottom is to likely be the End of the Bear Trend
Consecutive Sell Climaxes, TBTL sideways to up is likely to follow
2nd Bottom is to likely be the End of the Bear Trend
Consecutive Sell Climaxes, TBTL sideways to up is likely to follow
43
Strong BO usually Traps Traders; 2nd Legs are usually Likely
Strong BO usually Traps Traders; 2nd Legs are usually Likely
44
Consecutive Bottoms often form High 4 Buy Setups
When bottoms fails, there are often then 2 legs down and another bottom; this is a High "4" buy setup
High 4 buy setups are just a pair of consecutive bottoms where both have 2-3 legs down
Consecutive Bottoms often form High 4 Buy Setups
When bottoms fails, there are often then 2 legs down and another bottom; this is a High "4" buy setup
High 4 buy setups are just a pair of consecutive bottoms where both have 2-3 legs down
45
High 4 Bottom - 60% chance of 2 Legs Sideways to up
Buy above failed low 2 sell setup
Buy close of strong bull bar or follow-through bar
Became a BTC Bull Trend
Take Profits below failed BO above LH or, rely of stop and hold for a 2nd Leg Up
High 4 Bottom - 60% chance of 2 Legs Sideways to up
Buy above failed low 2 sell setup
Buy close of strong bull bar or follow-through bar
Became a BTC Bull Trend
Take Profits below failed BO above LH or, rely of stop and hold for a 2nd Leg Up
46
Reversal Down from 2nd Leg Up the Bull will TAKE PROFITS
Reversal Down from 2nd Leg Up the Bull will TAKE PROFITS
47
Wedge Bottom Opening Reversal Up from SUPPORT
Failed BO below yesterday's low
Parabolic Wedge Bottom - Opening reversal up from below yesterday's low (support)
Buy above weak buy signal bar
The traders who prefer a higher probability trade can buy the close of the bull BO bar, or close of follow-through bar
Wedge Bottom Opening Reversal Up from SUPPORT
Failed BO below yesterday's low
Parabolic Wedge Bottom - Opening reversal up from below yesterday's low (support)
Buy above weak buy signal bar
The traders who prefer a higher probability trade can buy the close of the bull BO bar, or close of follow-through bar
48
Micro Channel with Many Bars = Buy Climax
16 Bar Bull Micro Channel is unsustainable and therefore a climax
Stop goes far below so bulls need to take partial profits to reduce risk; a TR is likely soon
Micro Channel with Many Bars = Buy Climax
16 Bar Bull Micro Channel is unsustainable and therefore a climax
Stop goes far below so bulls need to take partial profits to reduce risk; a TR is likely soon
49
Big Gap Down then Reversal Up
Failed BO below yesterday's low the market is now AIS(the market is going at least a little bit higher)
Possible Trend From the Open Bull Trend
Big Gap Down then Reversal Up
Failed BO below yesterday's low the market is now AIS(the market is going at least a little bit higher)
Possible Trend From the Open Bull Trend
50
Bull Reversal but LACKS Consecutive Big Bull Ball
Early Buys are lower probability, but stop is close so it is lower risk
Bull Reversal but LACKS Consecutive Big Bull Ball
Early Buys are lower probability, but stop is close so it is lower risk
51
Weak Rally = Probably will move sideways towards the MA
Weak Rally = Probably will move sideways towards the MA
52
DT but Strong Enough Bull Bars for More TR
Losing momentum, far below the magnet of the MA
Possible TR and sideways to MA
So possible new low without converting into a Bear Trend
DT but Strong Enough Bull Bars for More TR
Losing momentum, far below the magnet of the MA
Possible TR and sideways to MA
So possible new low without converting into a Bear Trend
53
Bears need more Bear Bars else it will evolve into a TR
Bears need more Bear Bars else it will evolve into a TR
54
DT, but Bad Sell Signal Bar = More Likely to become a TR
Multiple reversals so probably a TR
DT, but Bad Sell Signal Bar = More Likely to become a TR
Multiple reversals so probably a TR
55
Bad Follow-Through Selling = TR is Likely
Bad Follow-Through Selling = TR is Likely
56
No Strong Sell Signal; Bears need Strong Bear BO
Bears see weak BO above high of the day as a DT with the high of the day
Low Probability Short since not close to MA where most Opening Reversals take place
No Strong Sell Signal; Bears need Strong Bear BO
Bears see weak BO above high of the day as a DT with the high of the day
Low Probability Short since not close to MA where most Opening Reversals take place
57
Where do most Opening Reversals take place?
Most Opening Reversals occur near or at the MA
58
Without Strong Sell Signal Bar(s) or Strong BO a TR is likely
Many options for bulls and bulls which = uncertainty and means it most likely is a TR
Without Strong Sell Signal Bar(s) or Strong BO a TR is likely
Many options for bulls and bulls which = uncertainty and means it most likely is a TR
59
Bull Trend, but without Bigger Bull Bars there is LIMITED UPSIDE
Bull Trend, but without Bigger Bull Bars there is LIMITED UPSIDE
60
MTR Bottoms = ALL ARE DBs
MTR Bottoms = ALL ARE DBs
61
Biggest Bull Bar but Worst Follow-Through
Bulls bought the close of bull follow-through
Early TR increases the chances for more TR throughout the day
Big Bar, Parabolic Wedge Buy Climax, Possible 2nd Leg Trap @ MM Target in TR Day
Biggest Bull Bar but Worst Follow-Through
Bulls bought the close of bull follow-through
Early TR increases the chances for more TR throughout the day
Big Bar, Parabolic Wedge Buy Climax, Possible 2nd Leg Trap @ MM Target in TR Day
62
Top with consecutive Strong Bear Bars - 2 Legs Down is likely
Bulls gave up
Outside down bear bar in conjunction with it being consecutive big bear bars closing on their low; this totally reversed the Buy Climax
Top with consecutive Strong Bear Bars - 2 Legs Down is likely
Bulls gave up
Outside down bear bar in conjunction with it being consecutive big bear bars closing on their low; this totally reversed the Buy Climax
63
HL MTR, but Tight Channel - Minor Reversal and TR
HL MTR, but Tight Channel - Minor Reversal and TR
64
TTR but Bull Leg Stronger than Bear Leg
TTR but Bull Leg Stronger than Bear Leg
65
Strong Selloff - The Bulls likely will not get back to the Highest Close
Strong Selloff - The Bulls likely will not get back to the Highest Close
66
Weak Rally, then MA Gap Bars - Possible Start of Bear Leg
Weak Rally, then MA Gap Bars - Possible Start of Bear Leg
67
Bears MAKE MONEY in RALLY - Possible Bull Leg in TR
LOM Bears are making money selling above bars and scaling in so not a strong bull day
Bears MAKE MONEY in RALLY - Possible Bull Leg in TR
LOM Bears are making money selling above bars and scaling in so not a strong bull day
68
Bear BO after Weak Rally - Possible start of Bear Swing in a TR Day
Bear BO after Weak Rally - Possible start of Bear Swing in a TR Day
69
Bear Swing or TR - Bears will Sell LH
Bear Swing or TR - Bears will Sell LH
70
Late Bear BO - Possible Exhaustion Gap
Late Bear BO - Possible Exhaustion Gap
71
Bear Channel - Bears See Every Rally as a Bear Flag
Bear Channel - Bears See Every Rally as a Bear Flag
72
Huge Bear BO Late in Bear Trend - Reversal Up Soon
Huge Bear BO Late in Bear Trend - Reversal Up Soon
73
Huge Bear BO Late in Bear Trend - Bulls Buy the Bear Close
STC Bears disappointed and begin buying back shorts
Aggressive Bulls BTC of small bear follow-through bars with a tail or reversal up
For Higher Probability buy after a strong reversal up, or close of 3rd/4th consecutive bull ball that closes above its midpoint
Huge Bear BO Late in Bear Trend - Bulls Buy the Bear Close
STC Bears disappointed and begin buying back shorts
Aggressive Bulls BTC of small bear follow-through bars with a tail or reversal up
For Higher Probability buy after a strong reversal up, or close of 3rd/4th consecutive bull ball that closes above its midpoint
74
BTC Rally at the End of the Day
Many Bulls exit below bear bar
If the Bulls do Buy closes and the feel as though price will at least reach the channel they have to ensure their final buy is a least the value of a scalp away from the top of the channel(resistance)
BTC Rally at the End of the Day
Many Bulls exit below bear bar
If the Bulls do Buy closes and the feel as though price will at least reach the channel they have to ensure their final buy is a least the value of a scalp away from the top of the channel(resistance)
75
When NOT CLEAR a TR Open is Likely
When NOT CLEAR a TR Open is Likely
76
Without Strong Trend Bars a TR is likely
No consecutive big bear bars so bad follow-through, probable bear leg in TR
PBs are small with very little overlap of BO Points with Negative Gaps so almost gaps
though the bear Trend is weak these small signs are early signs of the market slightly favoring the Bears
\*this was the result
77
Gap down after Small PBs; MM Down is likely
Many dojis, prominent tails, small bodies. When PBs are small and gaps stay open it is possibly a Small PB Bear Trend (These are very strong but very easy to be missed)
Better to hold short
Gap down after Small PBs; MM Down is likely
Many dojis, prominent tails, small bodies. When PBs are small and gaps stay open it is possibly a Small PB Bear Trend (These are very strong but very easy to be missed)
Better to hold short
78
Gap down after Small PBs; Possible Small PB Bear Trend
Gap down after Small PBs; Possible Small PB Bear Trend
79
Follow - Through Selling, but WEAK - TR Likely for 10 -20 Bars
Follow - Through Selling, but WEAK - TR Likely for 10 -20 Bars
80
Bear Leg - Is it in a Trend or a TR?...
Bear Leg - Is it in a Trend or a TR?...
81
TTR - Trend Resumption Down or Reversal up? ...
TTR - Trend Resumption Down or Reversal up? ...
82
After Buy Climax a Swing Down or TR ... Which one is more likely?...
Wedge Reversal down after failed BO above yesterdays high
Yesterday ended with a Buy Climax, there was a 75% chance of sideways to down for the 2 hours starting in the 1st 2 hours of the day
After Buy Climax a Swing Down or TR ... Which one is more likely?...
Wedge Reversal down after failed BO above yesterdays high
Yesterday ended with a Buy Climax, there was a 75% chance of sideways to down for the 2 hours starting in the 1st 2 hours of the day
83
After Sell Climax a Swing Up or TR ... Which one is more likely?...
After Sell Climax a Swing Up or TR ... Which one is more likely?...
84
After Sell Climax and TR - Reversals Up or Resumption Down
After Sell Climax and TR - Reversals Up or Resumption Down
85
Consecutive Big Bear Bars on the Open - More Likely to go Down some more
Failed Bull BO
Consecutive Big Bear Bars closing on their low, AIS so sellers sell above bars
Consecutive Big Bear Bars on the Open - More Likely to go Down some more
Failed Bull BO
Consecutive Big Bear Bars closing on their low, AIS so sellers sell above bars
86
Late Big Bear BO - Reversal Up more LIKELY than a MM DOWN
Late Big Bear BO - Reversal Up more LIKELY than a MM DOWN
87
Late Big Bear BO - Bears Take Profits and the Bulls Buy
Exit shorts above strong bull reversal or on strong close of follow-through bar
Late Big Bear BO - Bears Take Profits and the Bulls Buy
Exit shorts above strong bull reversal or on strong close of follow-through bar
88
TTR - LOM
TTR so LOM; Bears will sell above bars, bulls will buy below bars
Both use wide stops, scale in and scalp
TTR - LOM
TTR so LOM; Bears will sell above bars, bulls will buy below bars
Both use wide stops, scale in and scalp
89
Possible TR Day - Bulls Quick to Take Profits
Possible TR Day - Bulls Quick to Take Profits
90
Possible TR Day - Bears Sell Rallies
Possible TR Day - Bears Sell Rallies
91
Failed BO, this is very common on the Open
Sell below strong bear bar, DT with yesterday's high
Failed BO above Bear Channel
Failed BO, this is very common on the Open
Sell below strong bear bar, DT with yesterday's high
Failed BO above Bear Channel
92
Opening Reversal Needs BIG TREND BARSR or else a TR is likely
Opening Reversal Needs BIG TREND BARSR or else a TR is likely
93
Consecutive Trend Bars - If not BIG a TR is Likely
Consecutive Trend Bars - If not BIG a TR is Likely
94
DT in Opening Range - Often start of Bear Trend
Sell below strong bear bar; WEDGE LH MTR
DT in Opening Range - Often start of Bear Trend
Sell below strong bear bar; WEDGE LH MTR
95
DT in Opening Range - Look for a MM DOWN
DT in Opening Range - Look for a MM DOWN
96
Whenever you get a series of sell climaxes with bad follow-through after every bar you will probably get a reversal up into a TR
Whenever you get a series of sell climaxes with bad follow-through after every bar you will probably get a reversal up into a TR
97
Consecutive Sell Climaxes - Bears Reduce Risk by Taking Profits
After a Sell Climax the market usually gets at least one more small push down to test the low
Consecutive Sell Climaxes - Bears Reduce Risk by Taking Profits
After a Sell Climax the market usually gets at least one more small push down to test the low
98
Consecutive Sell Climaxes - STC Bears give up!
Consecutive Sell Climaxes - STC Bears give up!
99
Consecutive Sell Climaxes - Rallies are likely soon to occur!
Aggressive bulls bought Sell Climax close and the close of follow-through bar rand below bars ( doing this the need a wide stop)
Consecutive Sell Climaxes - Rallies are likely soon to occur!
Aggressive bulls bought Sell Climax close and the close of follow-through bar rand below bars ( doing this the need a wide stop)
100
Consecutive Sell Climaxes - Bulls Buy Early in Reversal Up
Many bulls want high probability but less risk they will buy as it is reversing up and close of reversal bar
Consecutive Sell Climaxes - Bulls Buy Early in Reversal Up
Many bulls want high probability but less risk they will buy as it is reversing up and close of reversal bar
101
When the tries market repeatedly to do something and it fails, it usually than tries to do the opposite; it usually reverses
WEAK RALLY - PROBABLY LEG IN TR
When the tries market repeatedly to do something and it fails, it usually than tries to do the opposite; it usually reverses
WEAK RALLY - PROBABLY LEG IN TR
102
When TR is Likely the Bulls will look for reasons to take Quick Profits and the Bears will Sell
When TR is Likely the Bulls will look for reasons to take Quick Profits and the Bears will Sell
103
When TR Likely the Bears will look to Sell a Weak Bull Rally (Look at 9/8/2020, there was a weak Bull Rally that sold off that I beautifully executed)
When TR Likely the Bears will look to Sell a Weak Bull Rally (Look at 9/8/2020, there was a weak Bull Rally that sold off that I beautifully executed)
104
Late BTC - Bulls Exit below a Bear Bar or @ the End of the Day
Late BTC - Bulls Exit below a Bear Bar or @ the End of the Day
105
When you have a BOM setup there is a 50% chance the first BO will fail and reverse
When you ultimately get a successful BO reversal there is a 50/50 chance it will either be up or down
When you have a BOM setup there is a 50% chance the first BO will fail and reverse
When you ultimately get a successful BO reversal there is a 50/50 chance it will either be up or down
106
Many Small Bear Bars is a BO on a Higher TF Chart
Many Small Bear Bars is a BO on a Higher TF Chart
107
Weak Rally, then 3 BEAR BARS = Lower Prices are likely
Bears anting higher probability will sell after 3 or more bear closes below their midpoints
Weak Rally, then 3 BEAR BARS = Lower Prices are likely
Bears anting higher probability will sell after 3 or more bear closes below their midpoints
108
Daily Chart, Bull Trend - 5 Minute Chart, Buy Early in the Day
Daily Chart, Bull Trend - 5 Minute Chart, Buy Early in the Day
109
If I am trading a 5 minute chart and I know the Daily TF Chart is in a BTC trend I should look for an early selloff that reverses up for a possible swing trade
I have to assume each day will be higher and each day will be a Bull Trend Day until proven otherwise. Therefore look for an early selloff to reverse up
If I am trading a 5 minute chart and I know the Daily TF Chart is in a BTC trend I should look for an early selloff that reverses up for a possible swing trade
I have to assume each day will be higher and each day will be a Bull Trend Day until proven otherwise. Therefore look for an early selloff to reverse up
110
Daily Chart, Bull Trend - 5 Minute Chart, Buy Early in the Day
Daily Chart, Bull Trend - 5 Minute Chart, Buy Early in the Day
111
Daily Chart, Bull Trend - 5 Minute Chart, Buy Early in the Day
Daily Chart, Bull Trend - 5 Minute Chart, Buy Early in the Day
112
Daily Chart, STC Bear Trend - 5 Minute Chart, Sell Early in the Day
If I am trading a 5 minute chart and I know the Daily TF Chart is in a BTC trend I should look for an early selloff that reverses up for a possible swing trade
I have to assume each day will be higher and each day will be a Bull Trend Day until proven otherwise. Therefore look for an early selloff to reverse up (look at 9/8/2020 for an example of this)
Daily Chart, STC Bear Trend - 5 Minute Chart, Sell Early in the Day
If I am trading a 5 minute chart and I know the Daily TF Chart is in a BTC trend I should look for an early selloff that reverses up for a possible swing trade
I have to assume each day will be higher and each day will be a Bull Trend Day until proven otherwise. Therefore look for an early selloff to reverse up (look at 9/8/2020 for an example of this)
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Daily Chart, STC Bear Trend - 5 Minute Chart, Sell Early in the Day
I have to assume that everyday will close below the open of the day and I will get a swing down below the open of the day
Daily Chart, STC Bear Trend - 5 Minute Chart, Sell Early in the Day
I have to assume that everyday will close below the open of the day and I will get a swing down below the open of the day
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Daily Chart, STC Bear Trend - 5 Minute Chart, Sell Early in the Day
No matter how strong a move is on the open there is ALWAYS a 50% chance it will reverse
Daily Chart, STC Bear Trend - 5 Minute Chart, Sell Early in the Day
No matter how strong a move is on the open there is ALWAYS a 50% chance it will reverse
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When the market is in a Micro Channel on the daily chart, traders will enter on the 1st PB. Therefore a Day Trader who sees a Bull Micro Channel will look to Buy Below yesterday's Low
When the market is in a Micro Channel on the daily chart, traders will enter on the 1st PB. Therefore a Day Trader who sees a Bull Micro Channel will look to Buy Below yesterday's Low
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Daily Chart, Bull Micro Channel - 5 Minute Chart, Buy Yesterday's Low
Once clearly in a Bull Micro Channel in a bull trend or TR odds favor buyers below yesterday's low
Daily Chart, Bull Micro Channel - 5 Minute Chart, Buy Yesterday's Low
Once clearly in a Bull Micro Channel in a bull trend or TR odds favor buyers below yesterday's low
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Daily Chart, Bull Micro Channel - 5 Minute Chart, Buy Yesterday's Low
If trading on the 5 minute TF and you know the daily is in the Bull Micro Channel but you get a Wedge Top Rally at the MA on the open you can exit your long or if flat go short and expect a PB back into the strength of the daily chart sentiment (if Flat you can enter long after the selloff BO fails)
Daily Chart, Bull Micro Channel - 5 Minute Chart, Buy Yesterday's Low
If trading on the 5 minute TF and you know the daily is in the Bull Micro Channel but you get a Wedge Top Rally at the MA on the open you can exit your long or if flat go short and expect a PB back into the strength of the daily chart sentiment (if Flat you can enter long after the selloff BO fails)
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Daily Chart, Bear Micro Channel - 5 Minute Chart, S Yesterday's High
Once clearly in a bear micro channel in a bear trend or TR odds favor sellers above yesterdays high
Daily Chart, Bear Micro Channel - 5 Minute Chart, S Yesterday's High
Once clearly in a bear micro channel in a bear trend or TR odds favor sellers above yesterdays high
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Daily Chart, Bear Micro Channel - 5 Minute Chart, S Yesterday's High
Sell Reversal down from above yesterday's high
Here, a PB came on the 10th Day
Daily Chart, Bear Micro Channel - 5 Minute Chart, S Yesterday's High
Sell Reversal down from above yesterday's high
Here, a PB came on the 10th Day
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When the market is in a TR on a Higher TF Chart like a Daily Chart and you see BIG BULL TREND BARS near the Top; those are STC not BTC and vice versa if you see BIG BEAR BARS closing near the bottom of the TR those are BTC bars and traders should be looking to buy a reversal up
When the market is in a TR on a Higher TF Chart like a Daily Chart and you see BIG BULL TREND BARS near the Top; those are STC not BTC and vice versa if you see BIG BEAR BARS closing near the bottom of the TR those are BTC bars and traders should be looking to buy a reversal up
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Daily Chart, TR - Bet against BTC & STC
Remember the 80% Rule: The markets have inertia. In a TR, 80% of strong BO attempts FAIL and Reverse
Daily Chart, TR - Bet against BTC & STC
Remember the 80% Rule: The markets have inertia. In a TR, 80% of strong BO attempts FAIL and Reverse
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Daily Chart, TR - Bet against BTC & STC
The green box on the daily is the bull leg on the 5min and the red box on the daily is the DT sell early reversal down on the 5 minute
This is all in the TR on the Daily being traded on the 5 minute TF
Daily Chart, TR - Bet against BTC & STC
The green box on the daily is the bull leg on the 5min and the red box on the daily is the DT sell early reversal down on the 5 minute
This is all in the TR on the Daily being traded on the 5 minute TF
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Daily Chart, TR - Bet against BTC & STC
Daily Chart, TR - Bet against BTC & STC
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60 Minute Chart - Buy PB to Support
Strong Bull trend on 60 min chart, Bulls willing to buy far above avg price (20 bar EMA)
Expect reversal down will be minor
60 Minute Chart - Buy PB to Support
Strong Bull trend on 60 min chart, Bulls willing to buy far above avg price (20 bar EMA)
Expect reversal down will be minor
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If you are a Day Trader it is very useful to look at higher TF S/R and look for reversals
If you are a Day Trader it is very useful to look at higher TF S/R and look for reversals
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Every reversal up on a higher TF Chart(such as the 60min) started and starts on a lower TF Chart
Every reversal up on a higher TF Chart(such as the 60min) started and starts on a lower TF Chart
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Day traders should look for a reversal up when the daily chart is in an area of Support and likewise for the 60 minute chart also, look for an entry on the 5 minute char t when these higher charts are in these areas of S/R
Think of it as trading the 60Min chart and looking for an early entry on a smaller time frame
Day traders should look for a reversal up when the daily chart is in an area of Support and likewise for the 60 minute chart also, look for an entry on the 5 minute char t when these higher charts are in these areas of S/R
Think of it as trading the 60Min chart and looking for an early entry on a smaller time frame
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60 Min Chart Bull Trend PB to EMA - Buy on 5 Min Chart
60 Min Chart Bull Trend PB to EMA - Buy on 5 Min Chart
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Daily Chart Bear Trend - Sell @ Resistance on 5 Minute chart
Daily Chart Bear Trend - Sell @ Resistance on 5 Minute chart
