nmike

GLD weekly , update

AMEX:GLD   SPDR GOLD SHARES
1349 15 21
The dual Fisher 34/100 along with the 34ma is a reliable signal system for spotting minor & major bottoms / tops and trend reversals. The basic signal: when both Fisher are above mid point trend is bullish and when both are below, trend is bearish . But like so many indicators there is a delay compared to price action. So Fisher patterns and divergences are used to confirm price action to get the earliest possible reversals. Fisher does not always show divergences at overbought /oversold levels but instead it often shows overextended spikes. So we need another indicator like RSI or CCI to show divergences. In this case I've chosen the CCI 50. One of the best thing I like about the dual Fisher is that when you see the exact same pattern on both you often get a highly reliable reversal signal. In this case we had a "dual" Fisher overextended spikes along with CCI divergence and bullish candle action. I will post more examples and real time predictions in the future using the "DUAL FISHER". Currently GLD             momentum is up, candle action is bullish and above 34ma. If price can break R1 next likely target is R2. Bearish candle action below averages could see GLD             retest key support.
...sorry folks this is DAILY frame update
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.....how the dual Fisher and the 34ma kept signaling long on this volatile stock
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An interesting analysis, nmike! If I apply your system here to the natural gas, it seems that I can reach a similar conclusion. Could you please take a look at NG? Thanks for the good work!
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nmike MOD huntingsniper
@huntingsniper, NG chart has a good example of a dual Fisher double bottom. As with any system sometimes there is no clear patterns in that case it's wise to move on to something else. Also all patterns and divergences must be confirmed by candle stick price action,
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This is awesome!
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......dual Fisher exhaustion spikes on 1 minute frame.
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>>> Fisher patterns samples
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>>>>> more Fisher patterns samples...
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....more Fisher lessons.....good to have Fisher 12 on long term charts like the monthly. So the basic Fisher look back periods are 12, 34, 100, roughly 3X apart.
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BEI nmike
Nice charts! the reading of price action is flawless :)
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....Fisher Head & Shoulder pattern....
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.....highly reliable dual Fisher reversal pattern.....usually with this setup price will at least fill the gap but will often continue moving up if higher time frames are in a well defined up trend
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...excellent example of a DUAL divergence Fisher Cat (double top) confirmed by a candle reversal pattern at top of BB & an overextended negative rsi divergence
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