CORRELATION:The true relationship between technical indicators and price movement
My good friend and fellow mentor, Ken Chow, developed a trading technique he calls SuperStructure. It uses only price. No indicators at all. He and his students do quite well. But, success at SuperStructure requires a certain mathematical aptitude that not everyone has. I know I don’t have it. I need more visual cues […]
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Preparing for a Winning Trade
The two most important questions I ask myself when I analyze a price chart of any time interval to find trading opportunities are: trend direction (easy to see) and trend strength (critical to know). Knowing the answers allows me to choose one of two basic trade entries. I can either trade with the trend when […]
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Intra-Day Time Projection
The charts of the 5 minute e-mini show a precise application of a geometric time projection I made earlier this morning. The use of a circle drawn with its center at the bottom at 8:15 and its circumference point at the high of 8:40, projected a time target of 12:05. The second chart shows the […]
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