Frequently Asked Questions
Question - 1-26-2020 - Eric T
I do most of my trading entries off a 5 minute chart or a Small Range Range Bar chart. But I look for the entriers based on the trends of the longer time frames M15, M30,M60. Is there a CT indicator that I can put on the shorter term chart that shows the direction of trend that is currently on the longer timeframes?
Eric , N.Y.
There are a few ways to do this, one in with the PPI. The PPI can be any combination of any of our indicators. You can choose to selected a different time frame in the inputs with this indicator.
I don’t have to full list in front of me, but most of our indicators have this option.
Question - 1-24-2020 - Stephen G
Is there a way to tell, EARLY ON, when consolidation is occurring…where the market starts going sideways? Or do we just have to take signals when that occurs and know that we might have multiple losers in a row before a breakout finally occurs?
C-zones happen all the time. The markets typically make it’s move, then forms a congestion zone (C-zone). at first thought, I don’t think anyone can know in advance, but you can plan on them happening all the time.
I feel the best way to cover this idea because you talked about a number of losses before you finally get the break out is to know they happen and get comfortable with this. And to know they will happen after the market makes its move. They can last fro 3 to 10 plus bars. Normally 5 to 8 bars.
Maybe think about how to enter the breakout rather than how to expect them. Now, you know they lat 5 to 8 bars, to wait for 5 bars, then look at the longer term charts to see where you are in the 4 to 9 bar cycle count. Look for Ops Up Ops Down on the longer term charts. Watch the Moving average. Markets will trend above the MA moving up and below the MA moving down. I would also look at the CT 26 GreenLine to get in the buy or sell zones.
Question - 1-24-2020 - Stephen G
if I am only comfortable being a trend trader…that is, taking bites out of a nice long trending move, not trying to pick market turns…what would be the best way to use CT indicators to help with trending entry and exits?
There a number of indicators that show trend. The CT 17 OHL Medium. This measures the 50% range of the day’s range. Long above, short below.
You can use the open of the day. Yes, long above, short below.
You can use longer term charts, 30, 60, 120, 240 and apply the cycle count to them. Remember, its 4 to 9 bars in one direction. CT 15 and CT 15G. Bottom line is CYCLES. If we are Cycling up, then stay long until it shows cycle down. I always us Ops Up, Ops Down as my key. So, its ALWAYS Ops up UNTIL Ops Down. And, you see these better with longer term charts.
To stay with a trend, you will have to go though lots of ups and downs along the way, but stay focused on the Cycle Counts. Also, keep in mind, most people don’t know this, but market change direction 3 to 7 times a day. Yep! That means , the trend changes this many times.
This chart is a 60 min YM DOW 30 chart. I am showing Ops Up, Ops Down for today. As soon as the market takes out the previous bar’s OPEN Ops (Open Pivots) than it is down, Stay short. During this down move, there were lots of C-zones on 2, 3, 5 minute charts. These C-zones last 5 to 8 bars and then wait for the drop again. These are great patterns to trade. Easy!