What we want to see is two markets and what is leading what.
It is very logical to want to see the rich smart guys making their moves all the time. Once you track this, you are in a very good place to see money piling up in your account.
We know the cash market is a continually adjusted weighted average of a group of stocks that tipify how the market and eonomy are going along.
The commodities futures index is a device used by producers and commercials to assure that they can plan and have business operating profits.
Because this stuff is dynamic others of us, called speculators, can continually gleen profitsout of this vast set of enterprises operating for other worldly purposes.
Some of us a called smart money. Others are called angry losers.
Do the stuff below on Tuesday am.
On qcharts make a graph of INDU using bar chart indications.
We are going to add ym04h to this chart. It will be a one period MA of price. To do this go to studies and bring down the menu. Select Overlay Expressions and activate it by clicking on Add...
Fill in the symbol for ym04H by typing YM04H. Go to the vertical scale method. Select Match Vertical Ranges.
When the markets are running you will have the two graphs set up with the same vertical magnitudes. This throws out the offset of the two and makes the neutral value (like in the attachment below it is about 19 to 21).
What you see are bars for the INDU and a line threading along that is a 1 period MA of YM04H.
For making money, you want to trade with the smart money. You must do trades to acheive this. You can see that the dashed line is on one side fo the cash INDU most of the time. The side it is on is the trend to be following.
As I mentor, the person says: "it crossed from long to short (or vice versa.)" Then he judged whether or not the new trend is going to stick. You can see from the attachment that that part is easy. I marked about 25 easy trade signals. At each time, you mosey over to IB and enter a trade as indicated. If you screw it up do a wash trade for pratice.
For trend fader, do not attempt any of this stuff. You are too angry to think clearly.
It is very logical to want to see the rich smart guys making their moves all the time. Once you track this, you are in a very good place to see money piling up in your account.
We know the cash market is a continually adjusted weighted average of a group of stocks that tipify how the market and eonomy are going along.
The commodities futures index is a device used by producers and commercials to assure that they can plan and have business operating profits.
Because this stuff is dynamic others of us, called speculators, can continually gleen profitsout of this vast set of enterprises operating for other worldly purposes.
Some of us a called smart money. Others are called angry losers.
Do the stuff below on Tuesday am.
On qcharts make a graph of INDU using bar chart indications.
We are going to add ym04h to this chart. It will be a one period MA of price. To do this go to studies and bring down the menu. Select Overlay Expressions and activate it by clicking on Add...
Fill in the symbol for ym04H by typing YM04H. Go to the vertical scale method. Select Match Vertical Ranges.
When the markets are running you will have the two graphs set up with the same vertical magnitudes. This throws out the offset of the two and makes the neutral value (like in the attachment below it is about 19 to 21).
What you see are bars for the INDU and a line threading along that is a 1 period MA of YM04H.
For making money, you want to trade with the smart money. You must do trades to acheive this. You can see that the dashed line is on one side fo the cash INDU most of the time. The side it is on is the trend to be following.
As I mentor, the person says: "it crossed from long to short (or vice versa.)" Then he judged whether or not the new trend is going to stick. You can see from the attachment that that part is easy. I marked about 25 easy trade signals. At each time, you mosey over to IB and enter a trade as indicated. If you screw it up do a wash trade for pratice.
For trend fader, do not attempt any of this stuff. You are too angry to think clearly.
