When an instrument gets a Golden Cross, it indicates a bull market is on the horizon.Looking at the 3 criteria for a Bull phase, the TLT chart certainly fits all 3 perfectly.Interest Rates are easily followed by looking at the ETF TLT or The 20-Year Treasury Long Bonds.Naturally, all phases fade in time, which is when we see the cycle go from bullish into warning, then distribution and eventually to bearish.However, using the same 3 criteria for identifying a bullish phase:You will always be one step ahead in planning your trading strategy.Furthermore, after you determine the phase, you will be more informed than most traders and “experts.”Paul Tudor Jones, founder of Tudor Investment Corporation, a private asset management company and hedge fund and ranked as the 108th richest American and 345th richest in the world, was asked during an interview, “How do you determine the trend?”He answered, “My metric for everything is I look at is the 200-day moving average of closing prices. If so, go a ‘strange number’ below that zone, such as $42.91 or $33.44, to give yourself room to avoid a slight break under the exact level.With stops in positive-expectancy trades, it is best to allow ‘wiggle room’ and not place stops too conservatively. WAIT for the pullback (retracement) to the rising 20 day EMA. This makes sense when we consider that the kumo is made up of essentially two moving averages, the Senkou span A and the Senkou span B. If price continues to rise, the Senkou span A and B will switch places and the Senkou span A will cross above the Senkou span B in a so-called "kumo twist".The kumo expands and contracts based on market volatility.
By exiting before we expect price to peak, we not only lock in a profit, but we are “Selling” when others are clamoring to “Buy” because they just can’t stand sitting on the sidelines any longer. It had gone under the 200-day moving target.
When the Senkou span A is above the Senkou span B, the sentiment is bullish since the faster moving average is trading above the slower.
This is due to the more conservative manner in which the tenkan sen is calculated, which makes it less reactive to small movements in price. The condition for our "Impulse Buy" Trade develops when Momentum - and preferably volume - spike to a new indicator high on the chart which acts as a confirmation of the new price high. A savvy Ichimoku practitioner, on the other hand, would take one look at price's location just below the bottom edge of the kumo and would know that going long at that point is extremely risky given the strong resistance presented by the kumo.
In the chart for Figure II below, we have added a traditional down trend line (A) and a traditional resistance line at 1.1867 (B). As an example, let’s say that we are looking at a short opportunity for DIA on June 15 2016.
Make sure to check the pre-market futures the next day, and make sure there isn’t any economic or geopolitical news that could adversely impact your decision to buy. The 50 DMA was above the 200 DMA, the slope turned from neutral to positive, and the price was above both of the moving averages.Literally, the first day of 2013, the price began sitting right on the 200 DMA and then proceeded to climb above it. Capital Group.
Once you’ve completed your hand drawn pattern, you can identify your entries and exits on a chart using event markers.Using the hand drawn patterns allows you to easily identify your patterns on a chart. This value is then time-shifted forwards by 26 periods so that it stays in front of current price action.
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big book of chart patterns