mxb1961

mxb1961 Updated 

Small pivot range set from last session into current Value area overlapped and down from last session POC's basically same and aligned for past two sessions Previous session looks like an 'expanded typical day' following the previous session of a 'double-distributed trending day' Plan for 27th: Wait for IB to be set. Could help add clarity as...

mxb1961 Updated 

In his book "Secrets of a Pivot Boss", Frank Ochoa walks through the 7 types of market days a session (day) could be. I'm interpreting Friday as a 'double-distributed trending day'. In this type, the market will set some early distribution, drop, then distribute a second time later in the session. The following session could be some type of consolidation which...

mxb1961

As a note, the posts that I’ve been making are based on study of the book “Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market” If you wish to setup charts to follow this, the configurations I use are as follows: I have one double chart with a 5 minute chart on left and a 30 minute chart on right. On the left toolbar, I’ve...

mxb1961

22nd was an 'expanded typical day' that ranged between the IBH and S3 level. This followed the 21st, another 'expanded typical day' with a VA inside of the 20th's signaling a potential breakout. The 22nd's VA was 'overlapping lower value' and price traded below the IBH for the day. 23rd's IB range of 39 pips. From IB, price dropped below both S3 and S4...

mxb1961

My work is based on the study of the book "Secrets of a Pivot Boss" by Frank Ochoa where terms and concepts are documented. The 20th's session appeared to be a 'double-distributed trending day'. One of the type of market days that can follow such a day is a 'expanded typical day' which it looks like today was (21st). My plan was for prices to trade lower in the...

mxb1961

IB – range is larger that previous day but similar to 2 sessions back. Yesterday session led to what looks like a ‘double-distributed trending day’ while the period previous to that looked like an ‘extended typical day’ Today's IB pushed price up near the POC (fair price) of previous session with next candle able to test POC but closed off of it. Thick purple...

mxb1961

Daily chart with fixed volume profile based on calendar year quarters. Q4CY18 market type looks to be a 'trending market' which implies that low for qtr should occur sometime mid/late December. However, there could be continue downward movement post EOY so if 44.5x is not hit by then, could be by mid/late January.

mxb1961 Updated 

Why Wheat and why now. What about Soybeans and Corn. Looking across the Ags, it seems that Wheat is enjoying the most upside. Why is this. In keeping with my focus on the DMI and ADX, I think you’d have start by looking at the monthly chart of the 3. One of the key tenants of DMI/ADX is that best trades seem to originate when the ADX is below 20 for an...

mxb1961 Updated 

So far, I’ve focused on how to get into the market based on the DMI swap in dominance between the +DI and -DI. Once you’re in or if you missed the original entry, how can you get into a trend while minimizing your risk. As I’ve noted before, I’ve not been able to successfully trade on a regular basis but my hope is to use everything I’m documenting here to...

mxb1961 Updated 

Continuing with using the ADX/DMI on a daily chart to trigger a trade with the 4 hour chart to refine the entry, I’ve marked up the recent BTCUSD action similar to the wheat chart in previous article. As you can see from the daily chart, price dropped on the 4th causing the DI’s to swap dominance on the DMI. With the ADX still above 25, this could be viewed as a...

mxb1961

Setting up a trade based on daily signal using 4 hour chart for timing. In this scenario, the daily chart had its ADX below 20 since July 3rd. When trading with DMI/ADX, periods of breakout after the ADX has been below 20 for at least 7-10 periods can provide good results. In this case, the 4 hour chart had dropped below 20 for an extended period too. On July...

mxb1961

In my first article, I provided a summary of the tools I’m using plus links to some good material that gives more in-depth details of each. As I go through each concept, I’ll refer to the 3 time frames that I will use in determining a trade. • Weekly: to get the overall bias of the market • Daily: to identify a day to take a trade or to setup a trade • 4 hour: ...

mxb1961

I’m not a successful trader. I was fortunate (?) to have a father introduce me to trading futures when I was ~12 in the early/mid 70’s (he created a study guide and sat me and my 2 older sisters down at the kitchen table to review it weekly). I was ‘successful’ in the mid/late 80’s but that too went away as did the desire, time and money to continue. 4 years...

mxb1961

Looking at wheat zw1! across three charts (renko 10pt, 5pt, and 1pt), it looks like they have achieved some type of confluence and are staged to break higher. Entry setup would have been on the 1pt chart on the 27th with the second test of the 100EMA. However, I'm looking to enter long based on how market opens this coming week. Targets are 510 and 550 on the...

mxb1961 Updated 

Long term renko chart (100 pip) looks like it could be cycling through a continuation pattern. With price stepping up higher and TSI dropping back but remaining above 0, price could be set to breakout to upside. Looking at 10 pip chart for timing, the breakout could be starting now. The 20 pip chart.

mxb1961 Updated 

wti daily chart with current PF. looking at key areas from 2017 peaks in downtrend to provide price barriers in current up move.

mxb1961 Updated 

Monthly Pitch fork using the 3 pivots of 2008/07/01, 2009/01/01, and 2013/08/01 Starting 2015/01/01, median line provided price support and for next 10 months Next parallel supported price including the line based on lower pivot With price failing to continue to lower parallel after breaking through median line, there is an 80% possibility that price...

mxb1961 Updated 

Monthly Buy trigger set at 76.38. Price has closed and held but still can't break up over 80.69 resistance set Jan 2015. Weekly Most recent buy trigger was set at 78.41 with resistance from August 2016 at 80.91. Bottom Line: Price needs to close above 80.91 week of June 11th 2017 with follow-thru. Should price action follow this scenario then next...