Friday, July 13, 2018 3:34:38 PM
IntraDay TimeFrames section on the Intro page
Usually after the first 1/2 hour (when I think of it) I post what the bias is for 60 minute ...daily and weekly charts...
This is what I did this morning...
July 13... Swing Traders...Focus on CCI Commodity Channel Index 10...15...30...60 minute charts... then daily Bias and weekly chart.
60minute CCI 20 bias is UP...overbought 60 minute chart can act as a proxy for the daily chart...best trades are when both 60 minute and daily bias are working together.
Daily CCI 20 Bias is UP....Overbought ...always trade in the "direction" of the daily bias... any index or ETF... this should be carved in stone......working word=direction...get direction right and you will make money...
Weekly chart CCI 10 Bias is UP...Overbought...it is always nice when both the Weekly and Daily bias are working together=pointing in the same direction...but, remember the daily chart is the driver.
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Both daily CCI and 60 minute CCI where overbought this morning...the only change so far is the 60 minute CCI has had a signal at the CCI signal line suggesting a cycle down is in the works for the intraday TimeFrames...
There is a trade here= when both Daily and 60 minute are in overbought.
I took some profit and I could have started a short position...and so far it would be working ...My choice was to give price some time...wait.
Maybe Monday I'd try a short...
Is there going to be some selling into the close...Friday the 13th...
Trade wars...NATO disruption...the 2 most crooked presidents tRUMP and Putin hooking up to decide who's is biggest...
60minute...stochastics is starting to agree with CCI
Usually after the first 1/2 hour (when I think of it) I post what the bias is for 60 minute ...daily and weekly charts...
This is what I did this morning...
July 13... Swing Traders...Focus on CCI Commodity Channel Index 10...15...30...60 minute charts... then daily Bias and weekly chart.
60minute CCI 20 bias is UP...overbought 60 minute chart can act as a proxy for the daily chart...best trades are when both 60 minute and daily bias are working together.
Daily CCI 20 Bias is UP....Overbought ...always trade in the "direction" of the daily bias... any index or ETF... this should be carved in stone......working word=direction...get direction right and you will make money...
Weekly chart CCI 10 Bias is UP...Overbought...it is always nice when both the Weekly and Daily bias are working together=pointing in the same direction...but, remember the daily chart is the driver.
--------------------------------------------------------------------
Both daily CCI and 60 minute CCI where overbought this morning...the only change so far is the 60 minute CCI has had a signal at the CCI signal line suggesting a cycle down is in the works for the intraday TimeFrames...
There is a trade here= when both Daily and 60 minute are in overbought.
I took some profit and I could have started a short position...and so far it would be working ...My choice was to give price some time...wait.
Maybe Monday I'd try a short...
Is there going to be some selling into the close...Friday the 13th...
Trade wars...NATO disruption...the 2 most crooked presidents tRUMP and Putin hooking up to decide who's is biggest...
60minute...stochastics is starting to agree with CCI
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