Download presentation
Published byAnthony Holland Modified over 9 years ago
1
Harness The Power of Multiple Time Frame Analysis to Identify Support and Resistance Commonalities
By Christopher J. Terry
2
DOW THEORY 1. Primary Trend 2. Secondary Trend 3. Minor Trend
“Technical Analysis of Stock Trends 7th edition” – Robert D. Edwards and John Magee
15
Retracement, Projection, and Extension Levels
Retracement Levels : Projection Levels : %, 41.40, % , % Extension Levels : %, , %, %
28
LBR Holy Grail Trade The 14 period ADX is above 30 and rising. This will identify a strongly trending market. Look for a retracement to the 20 period exponential moving average, the ADX will usually turn down on the retracement. Enter a buy or a sell when the price retraces to the 20 ema.
29
LBR First Cross Trade The 3/10 OSCILLATOR
Subtracting a 10-period simple moving average from a 3-period simple moving average creates the 3/10 oscillator. FIRST CROSS BUY/SELL It occurs when the “trend” line first crosses from below the zero line to the positive area and then the 3/10 oscillator pulls back to BELOW the zero line. This would indicate an initial BUY condition. ( Sells are reversed)
32
Grail Buy and First Cross Buy
41
Chris@LBRgroup.com www.LBRgroup.com
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.