Current Weekly Inverse Trampoline in Gold
The weekly Gold inverse trampoline could well have
been aided in "timing" by dropping to a lower TF.
Turns occur on smaller TFs first, and (ideally) move
up in TFs. During the week of Nov 15-19, the
15min printed a potential H&S. I've noted
several inverse tramps on this TF, both
occurring within the weekly inv. tramp.
The 3/10/16 pitched in on both,
first showing a hidden divergence (trend continuation)
(higher osc reading with lower price reading [closes]),
and the 2nd a 1st Cross (short). A drawback (for some)
with this approach is the need to constantly monitor
the lower TF(s). Its really a matter of risk/reward
ratio improvement vs monitoring time required.
This is but one approach.
been aided in "timing" by dropping to a lower TF.
Turns occur on smaller TFs first, and (ideally) move
up in TFs. During the week of Nov 15-19, the
15min printed a potential H&S. I've noted
several inverse tramps on this TF, both
occurring within the weekly inv. tramp.
The 3/10/16 pitched in on both,
first showing a hidden divergence (trend continuation)
(higher osc reading with lower price reading [closes]),
and the 2nd a 1st Cross (short). A drawback (for some)
with this approach is the need to constantly monitor
the lower TF(s). Its really a matter of risk/reward
ratio improvement vs monitoring time required.
This is but one approach.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.