Cheat Sheet

Net-Lines:

Net-Line Buy Level (NLBL): Wait for three consecutive lower lows, then take the high of the first candle as your NLBL. The push above that high is your signal to go long. Put a stop a few ticks below the NLBL, preferably at a non-rounded price.

Net-Line Sell Level (NLSL): Wait for three consecutive higher highs, then take the low of the first candle as your NLSL. A breach below that low is your signal to go short. Put a stop a few ticks above the NLSL, preferably at a non-rounded price.

For more details feel free to download this ‘ancient’ 2002 article which covers all the ins and outs. In case you wonder – no I don’t use bull/bear power – I love the name though!

Trend Day:

This indicator triggers every trading day after the 45th minute of the NYSE session (i.e. at 10:15am EST). It measures the percentage of time that the NYSE TICK closes either above or below zero. Once the odds are calculated it will shoot out an alert to the email address listed in your membership profile.

So, why do we care? A HIGH reading, i.e. less than 10% for down and over 90% for up trend days, promises easy money, super reliable 5-min signals. A switched on trader can make his monthly income in one single trend day. Once you get a HIGH alert contrary trades should come off the table (that means no short trades on a HIGH probability Up Trend Day and of course the inverse). We take every 5-min pullback setup, we ignore momo divergences which will get bottom or top pickers in too early. Even Zero Lite divergences should be taken with extra skepticism. The key is getting in on the first 5-min pullback, which will often look too shallow to trade.

Here is our current rating system.

Between >= 90% and <=100%: HIGH probability of a up trend day.
Between >= 80% and < 90%: MODERATE probability of a up trend day.
Between >= 70% and < 80%: LOW probability of a up trend day.
Between >=30% and < 70% Probably not a trend day.
Between <= 30% and > 20%: LOW probability of a down trend
Between <= 20% and >10%: MODERATE probability of a down trend day.
Between <=10% and >=0%: HIGH probability of a down trend day.

Inside Day

A candlestick formation that occurs when the entire daily price range for a given security falls within the price range of the previous day. Inside day often refers to all versions of the harami pattern and can be very useful for spotting changes in the direction of a trend.

An inside day is often used to signal indecision because neither the bulls nor the bears are able to send the price beyond the range of the previous day. If an inside day is found at the end of a prolonged downtrend and is located near a level of support, it can be used to signal a bullish shift in trend. Conversely, an inside day found near the end of a prolonged uptrend may suggest that the rally is getting exhausted and is likely to reverse.

One way to trade an inside day is to go long on a breach of the inside candle’s high with a stop set slightly below the inside candle’s low. Alternatively go short on a breach of the inside candle’s low with a stop slightly above the inside candle’s high.

Retest Variation Sell (reverse for buys)

Step 1: Significant high.

Definition: The highest high in the most recent 10 bars OR a bar that breaks a previous SPIKE HIGH OR applying common sense a high that looks significant to an educated trader.

Definition of a SPIKE HIGH: Bar that makes a high with a lower high immediately before and immediately after it.

Step 2: One or more lower closes (lower than the close of the previous bar)

Clarification: this lower close CAN happen in the same bar as the significant high.

Step 3: One or more higher closes (higher than the close of the bar that made the (2) close

Condition A: Must be within 5 bars AND NO MORE of the significant high.
Condition A: Must NOT break the significant high (although if it does it becomes a potential fakeout sell)

Setup complete!

Action: Sell 1 tick below the break of the low that completes the setup (3) with a stop 1 tick above the high of the bar that makes the setup.

VIX Buy/Sell:

For a VIX confirmed signal you need 3 events:

  1. A close outside of the 2.0 Bollinger Band (20-day SMA)
  2. A close back inside the 2.0 BB – this issues the signal
  3. A higher close (sell) or lower close (buy) than the close of the day back inside the 2.0 BB – this confirms the signal.

Once you get those three events a major reversal usually occurs within the next week. The sell signals used to be far more accurate than the buy signals, but in the past two years that relationship has reversed, thus I think it is dependent on the ongoing trend.





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