Introducing Don's "T R A D E - M A P" Approach: Part 4 Of 5, MO
Part 4 of 5. After looking at a daily and 4 hour time cycle, does the one hour chart demonstrate any near term weakness. The evidence says "a consolidation".
Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE):
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".
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach: SINCE THE BEGINNING OF APRIL IN THE CHART OF ALTRIA: 1. The Ichimoku Cloud is rising. 2. Prices are trading above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is strong, but weakening for now. 7. The top middle indicator is vortex and it is neutral (green and red combined). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this has turned neutral (less upside energy). 9. The green fractal arrows are up. 10. Look to the far right on the chart, around $63.50 and $64.00. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend, BUT THE JAWS ARE NOT WIDELY SEPARATED. This shorter term work is telling me that Altria should consolidate a bit before marching higher. If there is a difference between this one hour chart and a 4 hour or daily chart, the longer term chart is much more valid. I hope this has been helpful to you. Please move on to Part 5. Yours for better trading, Don.
Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE):
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".
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach: SINCE THE BEGINNING OF APRIL IN THE CHART OF ALTRIA: 1. The Ichimoku Cloud is rising. 2. Prices are trading above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is strong, but weakening for now. 7. The top middle indicator is vortex and it is neutral (green and red combined). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this has turned neutral (less upside energy). 9. The green fractal arrows are up. 10. Look to the far right on the chart, around $63.50 and $64.00. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend, BUT THE JAWS ARE NOT WIDELY SEPARATED. This shorter term work is telling me that Altria should consolidate a bit before marching higher. If there is a difference between this one hour chart and a 4 hour or daily chart, the longer term chart is much more valid. I hope this has been helpful to you. Please move on to Part 5. Yours for better trading, Don.