Wednesday, December 19, 2012

Some Simple Intraday Direction Hints

These are really easy to use, you don't need 3C to see every intraday move and since the market is fractal, these concepts work on all timeframes even though I'm only showing you short term intraday movement.

 Simple Rate of Change applied to price, look for divergences the same way you would in 3C, this is the broad concept of, "Changes in character precede changes in trend". Of course this is a 1 min chart so the change in trend is in the same timeframe.

 The reversal candlestick patterns with heavy volume like this doji-star

And of course the trend in TICK, especially when it diverges with the trend in price.

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