Trading the Middle of the Day Flashcards
Most days Change behaviour at least once
So Traders have to be ready to change how they are going to trade
Most days Change behaviour at least once
So Traders have to be ready to change how they are going to trade
Every market has 3 parts to the market cycle
Most days change behavior after the first 1 - 3 hours and towards the final hour or two of the day it changes behavior again
Every market has 3 parts to the market cycle
Most days change behavior after the first 1 - 3 hours and towards the final hour or two of the day it changes behavior again
The Middle of the day is only important if it is different from the open
The Middle of the day is only important if it is different from the open
End of Middle
End of Middle
Trend from the Open, will it continue?
Trend from the Open, will it continue?
a TR day has at least one leg down and one leg up, and either can come first
a TR day has at least one leg down and one leg up, and either can come first
An open with a series of Sell Climaxes is sometimes just to much to continue, no one left to sell (09/04/2020) was a day like this
An open with a series of Sell Climaxes is sometimes just to much to continue, no one left to sell (09/04/2020) was a day like this
Trend, then TR - Look for Trend Resumption or Reversal
Trend, then TR - Look for Trend Resumption or Reversal
Trend on Open - Does it continue All Day?
Compare the TWO BELOW
Trend on Open - Does it continue All Day?
Compare the TWO BELOW
Trend - Just a Leg in a TR
Trend - Just a Leg in a TR
If the market is going to be in a Bear Trend DAY I do not want to see a lot of Big Bull Bars closing on their highs
If the market is going to be in a Bear Trend DAY I do not want to see a lot of Big Bull Bars closing on their highs
Early TR look for Early Signs of BO
TR on open, Gap down so often gets trend up or down once it gets near the MA
(On this chart the lack of selling after gap down resulted in a higher probability to the upside)
Early TR look for Early Signs of BO
TR on open, Gap down so often gets trend up or down once it gets near the MA
(On this chart the lack of selling after gap down resulted in a higher probability to the upside)
BO - DO NOT DENY Transition into Trend
BO - DO NOT DENY Transition into Trend
Strong Rally on the Open - Look for early signs of TR
Whenever I see an exceptionally strong trend right from the open I have to be thinking that it could be a climatic brief rally that it leads to a TR or a Reversal or a Parabolic Wedge
Strong Rally on the Open - Look for early signs of TR
Whenever I see an exceptionally strong trend right from the open I have to be thinking that it could be a climatic brief rally that it leads to a TR or a Reversal or a Parabolic Wedge
Leg in TR - Reversal Bar can lead to an Opposite Swing
If a TR looks likely watch for a REVERSAL BAR, it is often just a medium size bar but can lead to a swing lasting 20+ bars
Leg in TR - Reversal Bar can lead to an Opposite Swing
If a TR looks likely watch for a REVERSAL BAR, it is often just a medium size bar but can lead to a swing lasting 20+ bars