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This post was for last night (Sunday 20 Oct), but internet prbs
The day cycle indicates soon, the chart indicators still up, and mondays have been continuation days lately so CIT not expected today (Monday 21 Oct 13).
where do you see trend changes around period 8/29 through 9/6, 9/19 through 9/25, and 10/9 through 10/13? it would be great if you marked or annotated the chart.
Thanks for starting the thread. Do you think you could expand a little on your "day cycle"and the indicators you mentioned. What tools are you using to keep you on the correct side of the trend, and to determine when the top or bottom is in?
Let me start by saying that this thread is my attempt to stay on the correct side of the trend and is certainly open to others chiming in with their thoughts. The idea is to not announce the CIT to late or too soon.
I recently did up a hand chart and started kicking myself about not keeping it up-to-date and this thread is to had some discipline to stay on top of trend changes.
The choice of the 240 min was to show enough for a multiday (approx 5-14 days) and not be too close in to forget where I am in the heat of the battle.
Edit replaced table which had days dif as the label over columns with points dif
Notice the fall from either 2 or 5 Aug (a double top of 1705) is 16 TD from 5 Aug so in the pink header bar add 16TD.
This gives
down 16TD,
up 15 TD,
down 14 TD,
up ?TD .... (8TD to 22 Aug)
Though I have entered low 24 June that was before I started my hand chart on 5 Aug, and if done by hand perhaps some more up and downs.
I think behind your question of where I see the High and Lows is the question of trading time frame.
Let me say that I started this thread through annoyance with myself on not keeping my intraday hand chart up-to-date and therefore not recognizing the multiday trand change on Wed 9 Oct - which was so obvious on the weekend when I caught up with my work and completed it.
I trade intraday - that is day trade. During some periods the multiday trend is not so important - but in this last uber-ridiculous debt ceiling ramp til Friday 18 Oct, at 2 by 1 speed, trading the short side is plain stupid.
We had gap up on Thursday and green bars everyday.
(green on my daily hand chart posted above is higher high and higher low than yesterday.)