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NCA 2: THE CHARTBOOK
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NCA 2: THE CHARTBOOK
This is just a collection of charts that will hopefully inspire people to trade using closing prices.
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Re: NCA 2: THE CHARTBOOK
Gaps in the opposite direction indicate a strong change in direction.
The triangular moving average works well as a trend line, if you're into that sort of thing:
Where are the down gaps? I'm sure they're coming
The triangular moving average works well as a trend line, if you're into that sort of thing:
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Where are the down gaps? I'm sure they're coming
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Last edited by IgazI on Tue Jun 28, 2022 2:16 pm, edited 1 time in total.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
'2' is a line chart, '3' is basically a line chart
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"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
Know where you are and where you are going
when trading small charts.
Daily chart of Costco:
when trading small charts.
Daily chart of Costco:
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"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
Tesla coming in with the head fake . . .
Nice move
The two things that you can do to insulate yourself from negative movement are:
1. place trades based on 2/3 of your account:
if price moves $12 then you make or break $8.
2. use Alias' 1+1+2 entry progression:
if you're terribly wrong then you are only in it with 1/6 position sizing (-$12 = -$2)
Max size when you are right, min size when you are wrong.
Nice move
The two things that you can do to insulate yourself from negative movement are:
1. place trades based on 2/3 of your account:
if price moves $12 then you make or break $8.
2. use Alias' 1+1+2 entry progression:
if you're terribly wrong then you are only in it with 1/6 position sizing (-$12 = -$2)
Max size when you are right, min size when you are wrong.
- head_fake.png (119.05 KiB) Viewed 8898 times
- TSLA_s.png (128.85 KiB) Viewed 8893 times
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Re: NCA 2: THE CHARTBOOK
If you are going to trade a chart like this then you need to take a look at the swing lengths and come up with a range in which you are willing to take a reversal trade.
I would not go long shy of a 40 pip down-swing:
5 minute chart of GBPNZD:
I would not go long shy of a 40 pip down-swing:
5 minute chart of GBPNZD:
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"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
I measure from the last '3 on left, 2 on the right' swing:
so that we are all on the same page:
There was no set low swing at the time the '45' was marked on the chart;
if you're wondering about that.
Either I'm off by a few pips or the market just up and decided to make baby swings for the rest of the day
Baby swings, just as I feared. . .
maybe we'll see a move to fiddy-eight next:
so that we are all on the same page:
There was no set low swing at the time the '45' was marked on the chart;
if you're wondering about that.
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Either I'm off by a few pips or the market just up and decided to make baby swings for the rest of the day
- GBPNZD_off.png (109.95 KiB) Viewed 8805 times
Baby swings, just as I feared. . .
maybe we'll see a move to fiddy-eight next:
- GBPNZD_on.png (162.87 KiB) Viewed 8760 times
Last edited by IgazI on Wed Jun 29, 2022 1:28 am, edited 3 times in total.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
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"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
This is what I was looking for, an interrupting move, a momentum move, that is opposite the dominate direction:
it is easier to see why this is what you are looking for when the swings are color coded and plotted as Baccarat chart.
With just two months of rotation statistics you could land accurate shots all day on this dragon. . .
it is easier to see why this is what you are looking for when the swings are color coded and plotted as Baccarat chart.
With just two months of rotation statistics you could land accurate shots all day on this dragon. . .
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Last edited by IgazI on Wed Jun 29, 2022 7:10 pm, edited 1 time in total.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
Remember, these are not candles! you are not waiting for 'boxes to close':
The sea of closes is simplified into frames so that you can better grasp the history of the underlying price movement; we are still using the individual closes to take action.
The sea of closes is simplified into frames so that you can better grasp the history of the underlying price movement; we are still using the individual closes to take action.
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"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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