How TEM points out a trader’s opportunity

Posted by on Sep 13, 2018 in be a strategy developer, Be a Trader, education, Thinking Mans Trader, Volatility | 0 comments

The Technical Event Model signals an expansion of the weekly range after a rule #4 extremes are reached on the weekly bar. You can see in the weekly chart of Crude how the range of each bar expanded after the TE #4, the vertical yellow line.

You can also see how the range has coiled up into a triangle that sets the stage for a 10-point run in the market.

The chart windows on the right-hand window the system side confirms my visuals that a Rule 4 is in play and for %BB-DBR likes that condition and tells the traders to be aggressive if he/she wants to increase leverage.

I am bullish on oil short term, but all a trader needs to do is show up and trade the break in either direction.

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Great and Many Thanks,

Jack F. Cahn, CMT

A Thinking Man’s Trader Since 1989,

Copyright 1989-2018

 

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