Today's results:
1. For beginner Rockets (See slow stochastic (14, 1, 3) trades 1 and 2.
2. For intermediate Ice Bergers (See fast stochastic (5, ,2, 3) Trades A, B, C, D, E.)
3. SCT (24 Trades, used 7 APA's at pionts marked "x").
People using the 30 min* method. Are operating under the following rules on 5 min bars, presently. They use price, volume and MACD only.
Trade group I better than B Band volume
MACD reversals: MAX/Min, Convergence, X over sequence. Reverse ASAP but no later than Xover.
MACD BO's action in direction of BO with B Band volume or better.
No trade Groups
1. No trading below Band minimum unless MACD is operating.
2. No trading in C Band VDU 2,500 or less.
Volume burst group
PRV volume >10K @ 30 sec, 1 min or 2.5 min
Use FR** rules:
1. Burst is bar 3, enter immediately by bar color.
2. Automatic reversal on bar 4 or 5 ASAP when PRV is less than 10K
3. Exit on centering or far side of stall by bar 15.
Todays trades: S1 bar 7; L2 bar 15; C3 bar 20; L4/BO bar 28 (FR I, S5 bar 34); FR II L6 bar43, S6 bar 44 BO S6 cont'd bar 49 ; FR III continue S6 at bar 53, L7 bar 54;FR IVa S8 bar 59, L60; FR IVb S10 bar 61, L11 bar 62 to C12 bar 81.
* This started out as a 1 trade a day approach for DJXX prior to the advent of eminis. The drift was to do 250 trades a year and make and average of 30 points a day on the DJXX. Since it took the first trade of the day it became known as the 30 min method.
It ws designed to acheive a minimum income for survival during that period by doing one trade a day over 30 minutes. Currently most people use it all day. It is an intermediate level trading method as described. It started out as a beginner edge trade.
**FR is the main methodological concept related to channels. It is not written about in most books and is not traded as an edge either. In ant trend their are two types of traverses. One makes most money by leaving the trendline and moving at high money velocity to better ground. The channel line opposite the trendline side of thechannel is where the trend resumption fails (Failure to Resume (FR)). A pull back or retrace conveys the price back to the right as a centering where the bounce occurs. On average this is a move up two 15 bars count the volume burst as bar 3. Bars one and 2 are needed to establish that the volume is low and well under 10K. The 10K PRV burst is a momentum burst. The trade is taken at early PRV reading of 30 sec, 1 min or 2 1/2 min. There is no price pop after that.
1. For beginner Rockets (See slow stochastic (14, 1, 3) trades 1 and 2.
2. For intermediate Ice Bergers (See fast stochastic (5, ,2, 3) Trades A, B, C, D, E.)
3. SCT (24 Trades, used 7 APA's at pionts marked "x").
People using the 30 min* method. Are operating under the following rules on 5 min bars, presently. They use price, volume and MACD only.
Trade group I better than B Band volume
MACD reversals: MAX/Min, Convergence, X over sequence. Reverse ASAP but no later than Xover.
MACD BO's action in direction of BO with B Band volume or better.
No trade Groups
1. No trading below Band minimum unless MACD is operating.
2. No trading in C Band VDU 2,500 or less.
Volume burst group
PRV volume >10K @ 30 sec, 1 min or 2.5 min
Use FR** rules:
1. Burst is bar 3, enter immediately by bar color.
2. Automatic reversal on bar 4 or 5 ASAP when PRV is less than 10K
3. Exit on centering or far side of stall by bar 15.
Todays trades: S1 bar 7; L2 bar 15; C3 bar 20; L4/BO bar 28 (FR I, S5 bar 34); FR II L6 bar43, S6 bar 44 BO S6 cont'd bar 49 ; FR III continue S6 at bar 53, L7 bar 54;FR IVa S8 bar 59, L60; FR IVb S10 bar 61, L11 bar 62 to C12 bar 81.
* This started out as a 1 trade a day approach for DJXX prior to the advent of eminis. The drift was to do 250 trades a year and make and average of 30 points a day on the DJXX. Since it took the first trade of the day it became known as the 30 min method.
It ws designed to acheive a minimum income for survival during that period by doing one trade a day over 30 minutes. Currently most people use it all day. It is an intermediate level trading method as described. It started out as a beginner edge trade.
**FR is the main methodological concept related to channels. It is not written about in most books and is not traded as an edge either. In ant trend their are two types of traverses. One makes most money by leaving the trendline and moving at high money velocity to better ground. The channel line opposite the trendline side of thechannel is where the trend resumption fails (Failure to Resume (FR)). A pull back or retrace conveys the price back to the right as a centering where the bounce occurs. On average this is a move up two 15 bars count the volume burst as bar 3. Bars one and 2 are needed to establish that the volume is low and well under 10K. The 10K PRV burst is a momentum burst. The trade is taken at early PRV reading of 30 sec, 1 min or 2 1/2 min. There is no price pop after that.
