timwest

Chevron - CVX - Daily - Anatomy of the recent TRENDS

NYSE:CVX   CHEVRON CORP NEW
861 10 17
Here is the method that I look for trade setups:

Look for RgMov to reach a 2 month high and then buy dips to oversold in 11-day CCI .

Look and see where the quarterly "key hidden levels" are for support or resistance.

Buy only if the stock climbs above the lowest high in the dip. Exit when CCI reaches +100 or falls under a previous day's low.

On shorts, sell only when it drops under the highest low of a rally. Cover when CCI reaches -100 or climbs over a previous day's high.

CVX             has been a money machine with all but 1 losing trade giving it a batting average of more than 800. (5 out of 6)

Tim 11:12AM EST 9/25/2014 Thursday
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justindanethan
2 years ago
Great post, thank you for sharing !
+1 Reply
timwest PRO justindanethan
2 years ago
Sure thing!
Reply
timwest PRO
2 years ago
If long, look at the CCI of the "high" and not the close to exit.
If short, look at the CCI of the "low" and not the close to exit.
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ZaloRostam
2 years ago
Are you expecting this fall further down to 119 area?
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2use
2 years ago
Range movement - is it a paid indicator? Not a free one?
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timwest PRO 2use
2 years ago
I'm sorry 2use - You can use a variety of methods to determine if something is in an uptrend or downtrend, my RgMov is an easy to use method, but you can also use others. You can also just use the price itself and if the price hit a 2-month high, then it is in an uptrend. If a 2-month low, then the trend is down.
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2use timwest
2 years ago
No no, i mean where it can be found? I seem to be unable to find it in free ones
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timwest PRO 2use
2 years ago
I had typed "I'm sorry, it's a paid indicator" - and then tried to show you that there are many ways to calculate the trend. If you want to try out the RangeMovement, you can try it in "Key Hidden Levels" -
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2use timwest
2 years ago
Oh, there it is :) thanx for the info. Just as a side question - do you have, use, or know any divergence indicating...indicators? automatic one - like knoxville divergence?
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2use
2 years ago
Is that a IHS in the price action recently? Nice action between the ranges!
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