I am not sure I have things totally correct but this is what I understand from experience. When I see congestion on one fractal which means a decreasing volume and oscillations falling on that fractal, I go to a fractal higher where taping will occur or congestion. I will then use the slower...
I use the MACD and Stoch on a Daily INDU chart to get the overall market conditions. What are you guys using to deterimine the current market conditions?
Glad to see everyone had a safe and happy holiday. It is very cool that you have an EE background like Jack. For pace vs fractal, I have found that the MACD gives me the best clue as to what the dominant fractal at play is. If the lines are divergeing, than the faster fractal is dominant. If...
Things have been great, especially with the holidays around. Thanks for asking. How have you been?
I have stopped trading the ES on the 2 min and 5 min fractal. It never quite clicked and I got too frustrated with the lack of progress.
I havent spoken to either of them since Jack...
Here are a few stocks with up cycles in the past week; CMTL, GDP, NPO, EXM, DRIV, SYNA, CCRT, MSA, SWIR. My hope is that you can see the natural cycles the stocks go through.
While their may not be as many BO out of VVDU, their are plenty of stocks that are making their natural cycle. All the stocks in your universe should make nice 6-8 day half cycles. If you are having a hard time "seeing" the cycles, look at the MACD histogram on the daily fractal.
While NTES did look like a possible quality buy for a short term cycle, the IT resistance made me wary from taking it. I posted CDIS to show a similiar chart setup as NTES but their was more room in the IT.
Looking at the 30 minute chart. It seems that it just made a pt 3 for the long trend. Often, a stock will first take off, pull back to mae a pt 3 and then resume back. What do you mean by pass on this trade? Exit for a loss?