Activity Normal Variation Of Normal Day Activity

NV - Occurs when the first time period or the first two time periods back-to-back comprise 50 -60 of the pioneer range. ACTIVITY RESPONSIVE - Activity is responsive for other time frame buyers when they are responding to the market created opportunity of lower prices, in other words, price below value. It is responsive for other time frame sellers when they are responding to the market created opportunity of higher prices, in other words, price above value. ANGLE - A line extended from...

Upthrust And Spring Reversals

Upthrust is defined as a price move above a pivot top followed by a wide spread reversal to the downside that meets the following criteria 1 It closes below the two previous days1 2 The close is below the pivot top. 3 The close is below the opening and the mid-range of the day. 4 The daily range is greater than the previous day s range. Diagrams of five tested variations are provided. This type of price action implies that aggressive supply has entered the market enough to shift momentum...

Formatiow Of Market Concepts Gap And

A concept is a mental integration of two or more units which are isolated according to specific charateristics and united by a specific definition. In concept formation, the uniting involved is not a mere sum, but an integration, i.e., a blending of the units into a single new mental entity which is used thereafter as a single unit of thought but which can be broken into its component units whenever required . The following is taken from the Ayn Rand Lexicon under the definition of Integration....

Doji And Nr 4 With

To test for profitability of an ORB trade after a Doji NR 4 Day. A day when theopen and the closing price are approximately the same. A day with a narrower daily range than any of the previous 3 day's daily ranges. A trade taken with entry at a predetermined level above or below the open. Displays the results of these tests. The information provided is as follows 1 The maximum difference between the open and close on the Doji Day. 2 The entry level above or below the open. 3 Whether the trade...

Opening Range Breakout Ii Early Entry

Early Entry EE is defined as a large price movement in one direction within the first five minutes after the open of the daily session. This is ideal price action when using an ORB for entry. The open should act as one extreme. I have observed two types of EE. The characteristics of a Type 1 EE are as follows. The first five minute unit has a larger range than normal norm is roughly defined as the average of the preceding ten days1 first five-minute ranges . Open of the day is on one extreme of...