Disliked...I'm still amazed at how well trading time works and how easy it is.Ignored
2012 Trading my Own Cycle 33 replies
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Dislikedhey Chad,
about cycles, would u enter on the daily close of the cycle if it was a daily cycle? or right at the open?
thanksIgnored
DislikedDepends on the time frame I'm trading. The super safe play is the bar low if it's the end of an up cycle and vice versa for a down cycle.
The other issue is that the cycle bar can be an up or down bar regardless of whether it's the end of an up or down cycle. You just never know.
For example at the end of an up cycle and price rising in to the cycle line, all you know is that the high is probably going to be put in on that bar. So whether the bar opens with the high and drops or spends all day rising to the high is why you can't just automatically...Ignored
Dislikedhi JR, what do u think of this hit? this is where i get confused sometimes.Ignored
DislikedI prefer to have a bit more history so that you can see how spot on the cycle is and what it looks like when it's not spot on. Does it wander by a bar or two occasionally? Does it just flat out miss occasionally?
Again, multiple time frames or multiple cycle methods can help confirm. Plus, don't forget about price patterns. I don't talk a lot about price because there are a billion ways to play price that most everyone is aware of.. fibs, support/resistance, trend lines, pivots, etc. The idea is that price and time and meet.Ignored