S90Crossovers Trend Bounces and Holes in the Market
It is my belief that just about anyone, with time and practice, can develop peripheral awareness in the market. Observing uptrends and downtrends that may be viewed within larger time compressions as trends will reveal S90 Crossovers, just as vertical trading ranges will. The illustrations in this chapter offer a few different views of how Fibonacci levels may be observed, as well as trading ranges or trends within trends. Figure 8.1 is a view of trends within trends. This main trend is an...
Multiple Time Compressions
Most charting packages will not allow traders to view eight time compressions at once. If a multiple compression chart package is available to traders, as shown in Figure 10.4, it will give you the necessary overall quick view of Fib comparisons, as well as a FIGURE 10.2 River Oscillator Indicator ROI signal . Courtesy of Concorde Forex Group, Inc. FIGURE 10.2 River Oscillator Indicator ROI signal . Courtesy of Concorde Forex Group, Inc. FIGURE 10.3 River channel RC signal. Courtesy of Concorde...
Cost Averaging Based on Mathematical or Fibonacci Levels
Another approach to cost averaging a trade is to consider using the logic of mathematical or Fibonacci levels based on previous trading ranges. If you're reasonably convinced of the market direction for the upcoming day or for the overall month, and if you measure the last levels of the previous trading ranges with Fibonacci ratios, then you can use these Fib levels as cost-average entry points. If you have access to a charting service that has River Oscillator Indicator ROI channels and...
S90Crossover with Gaps Holes and Fibonacci Levels
The perfect S90 Crossover is found on a Fibonacci level when the horizontal line that is drawn from the original support or resistance of the founding trading range actually cuts precisely through a gap in the market. I am referring to the combination of a gap, Fib level, and an S90 Crossover. This chapter provides 15 charts that illustrate these gaps the captions on the figures explain the gaps, to help you understand the potential target values. Because the normal rule or thought about gaps...