By placing a 3x2 Displaced (or moved forward, however you want to define it) Moving Average on your 30 Minute Price Chart (the average of 3 30 Minute Closes, moved forward 2 time frames in advance) and then look at the polynomial on the Form Chart. You will see the 3x2 matching the polynomial providing you a form of the 30 Minute Price Chart. This can be done for any time frame, but there is more bang for your buck, (leverage) in day trading.
Tomorrow's Chart Today-Part 2
- Thread starter interdim
- Start date
Align the data points with the polynomial. For example....Just take the Sym Peaks chart. 0500
was a High and the data point a Valley, afterwards Lows were made with the data point peaks and polynomial peak. But note the Valley at 0900 and we are back at Highs, but you know that because of how the chart is representing the data. Do the same for the Sym Valley chart and follow the swings all day long.
was a High and the data point a Valley, afterwards Lows were made with the data point peaks and polynomial peak. But note the Valley at 0900 and we are back at Highs, but you know that because of how the chart is representing the data. Do the same for the Sym Valley chart and follow the swings all day long.
I watched and watched this market today until 1500...that was to go long and the only trade I could justify. You knew the charts were true to form and more lows were coming after 1300
and they did precisely that at the 1500 polynomial low. You are ticks away from hitting a 5 point target.
and they did precisely that at the 1500 polynomial low. You are ticks away from hitting a 5 point target.
Up or down, brilliant
Later this evening I will post 4 Charts. The Q Peaks/Q Valley Charts and the Sym Peaks/Sym Valley Charts. The objective is to find the polynomial peak or polynomial valley on any of those 4 charts that is an outlier. An outlier is defined as the current polynomial peak or polynomial valley's price range you are observing that doesn't overlap the previous polynomial peak or polynomial valley's price range on the same chart. In other words if the price range of the current polynomial peak or polynomial valley you are observing overlaps the price range of the previous polynomial peak or polynomial valleys price range, it is not a true turning point. You may get a reaction but it isn't a true turning point. Attached is all four charts for today. Go through them as I just described and you will see the Highs and Lows for the day, and when overlaps occurred nullifying turning points.
Note the Q Peaks/Q Valley Charts and the Sym Peaks/Sym Valley Charts with a 6th degree polynomial on them. The objective is to find the polynomial peak or polynomial valley on any of those 4 charts that is an outlier. An outlier is a turning point and is defined as the current polynomial peak or polynomial valley's price range you are observing that doesn't overlap the previous polynomial peak or polynomial valley's price range on the same chart. In other words if the price range of the current polynomial peak or polynomial valley you are observing overlaps the price range of the previous polynomial peak or polynomial valleys price range, it is not a true turning point. You may get a reaction but it isn't a true turning point. Find an outlier and you have the opportunity to make a great trade. Also, always wait until the end of the time frame you are observing or trying to define it as a turning point or not. These rules apply to any time frame you are trading.
Now look at Q Peak 0030 last night, from the day before (7 7 16) 1200 was the last Q Peak, 0030 last night, the High was 2089.25 and the low of 1200 yesterday was 2089.25...the same but the price range really wasn't overlapped and it was an outlier reversing the market. Q Peak of 0530 was an outlier it did not overlap the price range of the previous Q Peak at 0030, reversing the market. As they say and the beat goes on.