JaySignal_SymRenko 7 (August 2014)

Description

JaySignal_SymRenko 7 (August 2014)

JaySignal mixed with the Sym Renko bar sort can present this imbalance utilizing the next easy method.

Most merchants suppose we will’t actually quantify provide and demand. I argue that we will quantify provide and demand by a renko worth bar chart and know the precise renko bar on a closing foundation the place an order imbalance can happen thus giving us the sting within the markets to offer us one of the best reward to threat per commerce.

In truth, I consider that the worth charts characterize all consumers and sellers. To quantify provide and demand on a worth chart one should know the inflection level the place an imbalance is prone to occur every day. This is what I name the “edge” over buying and selling opponents. The stronger the transfer in worth away from a worth stage of assist/resistance, the extra out of stability provide and demand is on the stage. This to me creates the imbalance that we want as merchants to remain out of the chop part and place ourselves into the route of the imbalance of orders. If the market desires to mark the market down then I wish to be quick, If the market wish to mark the market up then I wish to be lengthy. It is so simple as that or what I wish to name the “Order Flow Bar”. This precise bar qualifies my setup {that a} doable imbalance of orders will drive worth within the route of the imbalance.

The Jaysignal is comprised of three necessary parts. 1. Market Profile 2. Fibonacci Retracement Dots 3. Elliott Wave Patterns. Once these three phases all agree then it’s time for the order movement bar. The order movement is very similar to market delta and is used to verify that the setup after the automated arrow has fired that an imbalance of orders are going to happen or not going to happen. Meaning do we now have a excessive likelihood setup or do we now have a better likelihood of a cease out. This edge is essential as a result of not all setups may have order movement bar entries. In different phrases, the order movement bar permits the dealer to cherry choose solely the setups which have the excessive likelihood of an imbalance within the route of the arrow. If an imbalance doesn’t happen then the dealer can sit and look forward to the subsequent setups thus decreasing his or hers threat stage.

It is so simple as ready for an automatic arrow on all markets with JaySignal after which ready for a partial candle shut of the 2nd bar after the arrow that closes beneath the low or above the excessive of that arrow. Don’t make it any tougher than that.  The 2nd bar after the arrow tells the dealer that sure/no the setup has order movement backing the quick or lengthy. If it doesn’t then a decrease likelihood commerce is probably occurring and the commerce may be averted or a small loss or revenue may be taken. Traders which were utilizing this system discover that worth reacts virtually instantly within the route of the sign thus creating excessive likelihood first goal strikes as a consequence of order movement. If ready for the arrow and simply getting into off the order movement bar, merchants can regulate stops to the excessive or low of the arrow bar or the earlier bar earlier than that on a closing foundation. This provides the dealer the final word edge with getting in on an order movement bar with small threat thus creating the sting every day. Remember, the order movement bar is nice affirmation that the market is creating an imbalance of consumers vs sellers and that is precisely what we wish.