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Intraday trading tactics – slide 1 of 3

On this daily chart, where’s R1 as of Dec. 3? Is it 955 or something else? Let’s go to the intra-day chart…

Dec. 3

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Dec. 3

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

Intraday trading tactics – slide 2 of 3

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Intraday trading tactics – slide 3 of 3

Subsequent Price Action

Dec. 3

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Using Intraday Charts – Daily Chart (Slide 1 of 3)

After this session (March 20) where’s R1?

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Using Intraday Charts – Hourly Chart (Slide 2 of 3)

March 20

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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

trigger”trigger”

Candlecharts.com

Market Timing

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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.

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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 window’s support area. As

such, one could buy lightly there.

Morning star

Rising window

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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.

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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

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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

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““Only those who Only those who understand adaptation understand adaptation

will win the battle”will win the battle”Candlecharts.com

Market Chameleon -adapt to changing market conditions

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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

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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)

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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.

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Adapting to the MarketAdapting to the Market

Closed over Window’s Resistance

?