Submitted by bigcat9 on Mon, 02/11/2019 - 11:46
This setup is a slight modification of the Falling Knife setup in Chapter 11 of the book "Explosve Stock Trading Strategies". This is highly effective for timing V reversals in Indices as shown in the SPX example below. Using This startegy and either of the two entry points one would have been able to get in close to the bottom.
The setup is as follows:
(1) PPO and ADX should form a narrowing channel as shown below. This does not happen often and is usually the first requirement for a strong V reversal
(2) Pick the point where the V neck of the Channel forms
Submitted by bigcat9 on Sun, 10/15/2017 - 14:56
One uncommon setup that I look for when predicting a major explosive move is internal divergences between the MACD
signal line crossover and the MACD histogram. The setup is simple and is as follows:
(1) MACD valleys from signal line crossovers form subsequent lower lows while the MACD histogram forms higher highs.
(2) CMF increasing and moving from Negative to positive
This MACD internal divergence indicates exhausion of sellers and when accompanied by increasing and
Submitted by bigcat9 on Tue, 05/09/2017 - 19:46
This is a setup I often use to spot a quick reversal in a stock after steady decline. This stock trading setup is described in detail
in the book "Explosive Stock Trading Strategies".
The setup involves the use of three readily available indicators: (1) Price Oscillator. (2) Accumulation Distribution
and (3)Channel Index
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