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Harness The Power of Multiple Time Frame Analysis to Identify Support and Resistance Commonalities. By Christopher J. Terry. DOW THEORY. 1. Primary Trend 2. Secondary Trend 3. Minor Trend Dow Theory- “Technical Analysis of Stock Trends 7 th edition”
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Harness The Power of Multiple Time Frame Analysis to Identify Support and Resistance Commonalities By Christopher J. Terry www.LBRgroup.com
DOW THEORY 1. Primary Trend 2. Secondary Trend 3. Minor Trend Dow Theory- “Technical Analysis of Stock Trends 7th edition” – Robert D. Edwards and John Magee www.LBRgroup.com
Retracement, Projection, and Extension Levels • Retracement Levels : .382 - .50 - .618 - .707 - .786 - .886 • Projection Levels : 27.20%, 41.40, 61.80 % , 100.00% • Extension Levels : 127.20%, 141.40 161.80, 200.00%, 261.80% www.LBRgroup.com
LBR Holy Grail Trade • The 14 period ADX is above 30 and rising. This will identify a strongly trending market. • Look for a retracement to the 20 period exponential moving average, the ADX will usually turn down on the retracement. • Enter a buy or a sell when the price retraces to the 20 ema. www.LBRgroup.com
LBR First Cross Trade • The 3/10 OSCILLATOR • Subtracting a 10-period simple moving average from a 3-period simple moving average creates the 3/10 oscillator. • FIRST CROSS BUY/SELL • It occurs when the “trend” line first crosses from below the zero line to the positive area and then the 3/10 oscillator pulls back to BELOW the zero line. This would indicate an initial BUY condition. • ( Sells are reversed) www.LBRgroup.com
Grail Buy and First Cross Buy www.LBRgroup.com
Chris@LBRgroup.com www.LBRgroup.com www.LBRgroup.com