Especially if it is a plan that is in line with the markets directional probability!
This does not mean tweeks and adjustments are not necessary with the dynamics of trading but you should be aware of the risks associated with those deviations.
JS Services defines the markets technical foundation with its proprietary indicator the MC VALUE [Note Table]. This is an "at a glance" indication of what the martkets technical state "is", providing you with a directional proability bias.
In its most basic form, BUY strategies will have a higher probability of suceeding when a markets MCVALUE is positive and SELL strategies will work better when the MC VALUE is negative.
It is the first thing to focus on pre-trade to get a foundation of the technical landscape.
Next is the placement of the R LEVEL. The R Level defines the session bias. Buy breaks above here, sell rallies below. A good rule of thumb is to keep your trading in the direction of the R LEVEL bias.
The power of this stragey approach is that it is transferable from one market to the next.
Here is a snap shot of a few markets whose technical foundation [MC VALUE] and directional bias [R LEVEL] provided profitable opportunity.
May 14, 2009
US 30YR T-BOND - MCV= +2
* Green/Orange line = R
MAY 14, 2009
CRUDE OIL - MCV = +7
* GREEN/ORANGE line = R LEVEL
MAY 14, 2009
EUROFX - MCV = +9
* GREEN/ ORANGE LINE = R LEVEL
If you are a subscriber be sure to check out the Reference Media in the Subscriber Section of the website, http://www.jsservices.com/ . There is a wealth of information that is there to help make you more money.
If you not a subscriber, you should be! Sign up and get on the profit path! http://www.jsservices.com/Authentication/freeTrialRequest.asp.
As always any questions please contact me.
John Slazas
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