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Transcript of Intraday trading tactics - Candlecharts .Intraday trading tactics ... Trading Tactics...

  • 161

    Intraday trading tactics slide 1 of 3

    On this daily chart, wheres R1 as of Dec. 3? Is it 955 or something else? Lets go to the intra-day chart

    Dec. 3

  • 162

    Dec. 3

    See any resistance here before 955 on this 30 minute chart?

    Intraday trading tactics slide 2 of 3

    162

  • 163

    Intraday trading tactics slide 3 of 3

    Subsequent Price Action

    Dec. 3

  • 164

    Using Intraday Charts Daily Chart (Slide 1 of 3)

    After this session (March 20) wheres R1?

  • 165

    Using Intraday Charts Hourly Chart (Slide 2 of 3)

    March 20

  • 166

    Using Intraday Charts Daily Chart (Slide 3 of 3)

  • Candlecharts.comHelping Clients Spot Market Turns Before the Competition

    The Trading Triad

    Candle Charts Western

    Money Management

    167

  • 168

    Trading Tactics

    Timing

    Market Chameleon

    Trend

    The Three Cs

    Candlecharts.com

  • 169

    His potential is that of His potential is that of the fully drawn bow, his the fully drawn bow, his timing the release of the timing the release of the

    triggertrigger

    Candlecharts.com

    Market Timing

  • 170

    Trading Tactics Timing

    ember10 24 1

    October8 15 22 29 5

    November

    19.0

    19.5

    20.0

    20.5

    21.0

    21.5

    22.0

    22.5

    23.0

    23.5

    24.0

    24.5

    25.0

    25.5

    26.0

    26.5

    27.0

    27.5INTEL CORP

    Normally one waits for a close to confirm a bullish

    engulfing pattern, but considering support was

    holding on the open of this session, once the candle gets above the prior black candle

    intraday one can consider buying lightly.

  • 171

    Trading Tactics- Entering a Trade

    The morning star pattern is not completed until the third candle line. However, in this scenario

    the second session of that potential pattern is confirming the windows support area. As

    such, one could buy lightly there.

    Morning star

    Rising window

  • 172

    Trading Tactics not waiting for the close

  • 173

    When to initiate a position

    Although the doji made a new high close for the move- it is confirming a resistance area. As such we can consider selling lightly.

  • 174

    Trading Tactics Case Study

    6 7 8 11 12 13 14 15 19 20 21 22 25 26 27 28 1March

    4 5 6 7 8 11 12 13 14

    37.0

    37.5

    38.0

    38.5

    39.0

    39.5

    40.0

    40.5

    41.0

    41.5

    42.0

    42.5

    43.0

    43.5

    44.0

    44.5

    FOMENTO MEXICANO

    The close of this session completes an island bottom. But with the

    gap higher opening one could consider buying

    on the opening.

    Dark cloud cover as

    exit signal

  • 175

    Trade Tactics Case Study

    4February

    11 19 25 4March

    11

    19.0

    19.5

    20.0

    20.5

    21.0

    21.5

    22.0

    22.5

    23.0

    23.5

    24.0

    24.5

    25.0

    25.5

    26.0

    26.5ADELPHIA STK C

    Hammer and Bullish Shadows to enter

    Small bearish

    engulfing pattern as

    exit

    or close under bull

    channel

  • 176

    Only those who Only those who understand adaptation understand adaptation

    will win the battlewill win the battleCandlecharts.com

    Market Chameleon -adapt to changing market conditions

  • 177

    Nison Trading Nison Trading PrinciplePrinciple

    Being a Market Chameleon:Being a Market Chameleon:As the market environment changes based on what the technical signals are telling us we should adapt our market outlook

  • 178

    Market Market ChemeleonChemeleon

    Buy on these back to back hammers. Original target is resistance as defined by recent high and falling window. With the resistance and decline from the shooting star that zone now becomes the area to take profits.

    Falling window

    Buy

    orginaltarget

    Shooting star (new target)

  • 179

    Adapting to the MarketAdapting to the Market

    Breakout Over

    Resistance Dark Cloud

    Cover!

    A prudent trader never argues with the tape. Markets are never wrong-opinions often are.

  • 180

    Adapting to the MarketAdapting to the Market

    Closed over Windows Resistance

    ?