Quick Reference Guide
For each symbol in our database, we
produce 14 charts. For a new member, this might seem
intimidating, but it shouldn’t be.
First, there are only 7 unique charts to learn, 7 daily, and
7 weekly. The characteristics of each chart is the same, no
matter if you are viewing a daily or weekly chart, only the
timeframe being analyzed is different. There is an old saying;
a chart is a chart is a chart, as charts work the same no
matter what the timeframe is.
Of the 7 charts, you will spend 60% of your time working
with the Panic Zone chart, 30% of your time working with the
Right Side or Mid Term charts, and 10% with the rest.
The Panic Zone chart tells us where we are in the markets
cycle, and if we are seeing abnormal market activity. Abnormal
selling activity often leads to “Low Risk” buying
opportunities, and abnormal buying activity often leads to
“High Risk” situations.
Once you have determined your Market Bias towards the symbol
you are analyzing (are you looking to be a buyer or a seller),
then and only then, will you move on to either the Right Side,
or Mid Term Chart to create a plan of action.
If you consider yourself a Swing Trader, or Short Term
trader, then you will focus on the Right Side charts. If you
have a longer term perspective, and want to filter out a lot of
the markets noise, then you may want to focus on the Mid Term,
or Intermediate Term chart.
In the last couple of years, we have noticed that the market
has developed a much shorter attention span, and more and more
of our members are adapting to these new market conditions by
moving from the Mid Term to the Right Side charts, and from
Weekly to Daily.
The Charts
1 Panic Zones
2 Right Side
3 Smart Money
Alerts
4 Price Targets
5 Intermediate Term
6 Is It Safe?
7 Fly Paper
If you are looking at a symbol for the first time, it is
more important that you start with the Big Picture first, and
look at the Weekly charts to get a long-term view what has
happened to that symbol.
As the Weekly charts are only updated once a week, you do
not need to look at these charts daily.
Once you have acclimatized yourself to the Big Picture, then
and only then should you move on to the daily charts.
The Panic Zone charts give us our Market Bias and
Setups.
The Right Side, or Mid Term charts help us map out a plan of
action, and cause us to take action.
The other charts act as analytical, mental and psychological
support.
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