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that is one way to view it, the "double bottom" a bit more descriptive way is to say that the ROC is making a divergence with price as mentioned an earlier example, this was a case where the hogs had made new ROC lows, implying lower prices to follow. when the lower prices came, the ROC...

well, i would have never guessed we had such advanced readership . . . yes, those are the #s, the one for today and the one for tomorrow its a good idea to have some form of daily worksheet, to list for instance O, H, L, C position of the ROC # of days in current direction...

okay, here's an interesting chart its the hogs again, the hogs like the ROC now what would be the reason for having an upward bias coming into today? what was the pivot # we were watching to determine this? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=601674>

well, thanks for the encouragement, but everything posted so far is about the process of determining a "bias" for the next day am i about to post everything i've learned from years of studying this "noisy" little line? not too likely . . . am i going to post setups in advance? no...

the chart below is a seasonal chart of Dec Hogs. the hogs exhibit some of the strongest seasonal tendencies of anything i've looked at a seasonal chart just shows where price typically is within the "range" of contract prices this year has not been typical per say, in that the recent...

the hogs played hard-to-get today, but ended up going limit-down there were fundamentals, not really the vein of this thread, to favor the down-side <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=599673>

finally a setup on a good market <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=598262>

a nice thing about the 2 per ROC is that its very simple to determine the # that will either maintain the current direction or turn it in the other direction Day 1 = today's close Day 2 = yesterday's close Day 3 = close 2 days ago then the # for tomorrow will be, Pivot = Day 1 (-)...

follow-up <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=597371>

here is a chart pertaining to the other setup i mentioned it shows the Dow coming into the day, it will take a close above 10195 to maintain upward Mo the bias for the day is down, simply meaning i look to be more aggressive on short scalps, but no guarantees <img...

prep work

yes, thanks for pointing those out happens quite often, it really is a useful tool can get insight into broader divergences, but its real wheel-house seems to be 4 or 5 days

this doesn't just happen in the hogs here the T-bonds have been making new 20 day highs, but the ROC says its time for a pull-back <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=596064>

just doing some prep work

nice follow-thru the previous day's lows are taken out early and the hogs continue down thru-out the day. no long term implications here, just a nice 2 day swing <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=595655> P.S. -- many thanks to the person who asked the...

now going into the next day, we can easily determine what it will take for the ROC to flip down, in this case, a close below 7842, that is the pivot # for the day. here it was evident the hogs were going to close below that #, so the idea is to be short, looking the for lows to be taken out the...

seems kind of obvious the starter of this thread was just "fishing" for info and then going to let it die . . . but since looking at the 2 per ROC on the daily charts at night has been a very useful part of my routine for many years, thought i'd post an example of the divergence setup...

testing . . . <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=595610>

all the futures setups posted last night put in "outside days", glad i don't trade off the daily charts anymore all were straight NR7s, no "inside days" but just to mention, a string of days such as -- OD/ID/OD or ID/OD/ID, is a type of wind-up pattern too

the cannook puts in the dreaded "outside day", after new 20 day highs this a.m. downside looks more promising