Tip that might help

[frankyman]

Hi,

I have set up an additional account with ADVN, and on this account I have displayed on a separate monitor (laptop), a permanent 5 day Dow Cash Chart at 1 minute. On this chart I have taken out all the studies so that it is only displaying the 1 minute price action. This has helped me enormously, to identify the 6 reversal patterns, especially OR=NS and OS=NR, in a easy format, with no colors, no oscillators and no indicators and it sits beside me whilst I am trading. Also, very useful for trend identification.

On my main screens, I have my 'other' ADVN account with the Dow Cash at 1 minute with all the studies loaded etc and the Strategy Runner Futures Chart.

Frankyman

[Admin]

Simply switching the time period from one minute to ten minute will display all the retracements for a 5 day period - you also will get the projected reversals at standard deviation - about half of the multi-day reversals are using the standard deviation calculation instead of price calculation for reversal.

example: A downtrend is nearing a Dow Behavior for "points" and "time" - the market slices through an institutional stop 3 days ago but generates a 'naked low' precisely to a standard deviation level below the 3 day low price level. The subscriber looks on the DayRaider 1.1 chart and sees the market is "maximum oversold", and closes many of his contracts at a profit at the very bottom of the trend, netting 100+ points per contract precisely when the market touches the lowest standard deviation level.

After the market hits the standard deviation level, it rockets upward 30 points in about one minute. The subscriber nets all of his downtrend profit on most of his contracts, then may decide to go flat at the future S2 or S3 following the retracement to the lowest standard deviation.

Using Standard Deviation on the Dow Cash chart for qualifying naked highs and naked lows minimizes stop losses, losing trades and conversely maximizes profit exits.

DayTrader

[frankyman]

Understand.

Thanks,
Frankyman

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