Since I published "picking entry points" several hours ago before the market opened-TTMI has surged to an 18% gain in today's trading.
Here is what I wrote:
The chart above is for-TTMI. I have been long this stock many times.
For stocks or assets that are trending, look for entry points along some sort of repeating cycle.
Above, TTMI-had a draw-down, but if you look at the top three indicators, they are all strong.
TTMI-tends to follow the alligator higher, with the lows coming at the blue line, the alligator's jaws, which represents a 13 day moving average .
The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-TTMI IN THE TOP LOWER INDICATOR. IT IS POSITIVE.
Also, according to Bill Williams, you can establish an entry point, again and again, with each new valid Fractal.
The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long.
But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
Conclusion, pick an entry point on a trending stock (or asset), and let the trend be your friend.
Good luck to you on all your trades. Don.
Here is what I wrote:
The chart above is for-TTMI. I have been long this stock many times.
For stocks or assets that are trending, look for entry points along some sort of repeating cycle.
Above, TTMI-had a draw-down, but if you look at the top three indicators, they are all strong.
TTMI-tends to follow the alligator higher, with the lows coming at the blue line, the alligator's jaws, which represents a 13 day moving average .
The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-TTMI IN THE TOP LOWER INDICATOR. IT IS POSITIVE.
Also, according to Bill Williams, you can establish an entry point, again and again, with each new valid Fractal.
The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long.
But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
Conclusion, pick an entry point on a trending stock (or asset), and let the trend be your friend.
Good luck to you on all your trades. Don.