Introducing Don's "T R A D E - M A P" Approach: Part 3 Of 5, MO
Part 3 of 5. The above chart is a 4 hour time period. The goal of this chart is to confirm, on a shorter term time basis, that the breakout uptrend in Altria Group is valid. Indeed it is. Once again, the elements of Don's "TRADE-MAP" approach are:
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal "TRADE-MAP".
One item I must mention. The ideas I present are from a lifetime of reading and listening to others. In other words, I do a lot of bench-marking. I combine what I think are the "best practices" and discipline myself to use them. The combined efforts of some really great technicians are in my work: Bill Williams, Justin Mamis, Jason Stapleton, John Murphy, John Bollinger, Charles-Dow, Robert Precther, Harold McKinley Gartley, Ralph Nelson Elliott, and others too numerous to honor. I do charting simply because I enjoy it. Yours for better trading, Don.
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal "TRADE-MAP".
One item I must mention. The ideas I present are from a lifetime of reading and listening to others. In other words, I do a lot of bench-marking. I combine what I think are the "best practices" and discipline myself to use them. The combined efforts of some really great technicians are in my work: Bill Williams, Justin Mamis, Jason Stapleton, John Murphy, John Bollinger, Charles-Dow, Robert Precther, Harold McKinley Gartley, Ralph Nelson Elliott, and others too numerous to honor. I do charting simply because I enjoy it. Yours for better trading, Don.