quick start reference guide
DESCRIPTION
The Quick Start Reference Guide for the Intentional TraderTRANSCRIPT
Quick Start Reference This reference sheet is only to be used after viewing the
videos and documentation for our Trade Room found at
http://theintentionaltrader.com/welcome-traderoom.
This reference guide will not give you the detailed
understanding of our Trade Room, but will serve as a
reminder of some of the things covered in the
documentation and videos.
The Indicators High/Low of the day: Used for minor support and
resistance levels
BarTimer: This number will countdown from 60 to 0.
This helps us to anticipate the close of the current bar
and the open of the next one. This is when many of our
trade decisions are made.
ColoredMA: A 13 EMA (Exponential Moving Average)
line that changes color relative to the slope of the line.
We use this line for minor support and resistance levels.
IE Indicator: The Intentional Entries indicator will
present a price and an arrow suggesting a good point
for a trade entry if our other trade entry criterion has
been met. Red number and arrow would suggest a sell.
Green number and arrow would suggest a buy.
Flash: Signals Divergence using RSI oscillator. Below the
bar indicator indicates that we anticipate price to go up.
Above, price to go down. This indicator is currently used
only for confluence and is not, by itself, a trigger to
enter a trade.
FTreset: Major Support and Resistance lines. The
numbers at the end of the lines give us an indication of
relative strength of, or likely market reaction to, the
line.
OBOS: Magenta outline on candlestick indicates an
oversold condition using the RSI oscillator. Cyan outline
indicates an overbought condition.
PocketDot: A floating area of minor support and
resistance. The color of the dot is indication of relative
strength of the expected reaction to the dot. Green is
highest probability of reaction. Yellow is a bit less and
red is even less. Eventually when the dot no longer
offers support or resistance, it will disappear.
PullBack Alert: Indication from VSA (volume spread
analysis) that a pullback is likely. This indicator is used
for confluence only. We do not have a trade entry that
is triggered with just a PullBack alert indicator. The
numbers on the dots distinguish the type of price action
happening inside the current bar.
Ricochet: Used for confluence for trade setups. When
combined with a PullBack Alert, would qualify as a trade
entry trigger if all other trade entry criterion were met.
Rolling Pivots: Minor support and resistance. Updates
every 30 minutes.
SpeedTick: A trade entry trigger when other trade
criterion has been met. Small white SpeedTick meets
the threshold requirements for HFT pullback trades. Big
Blue and Medium Blue SpeedTicks are a caution for
conservative traders indicating that there may be more
at work than an HFT market manipulation.
MacDiver: Signals Divergence using MACD oscillator.
Below the bar indicator indicates that we anticipate
price to go up. Above, price to go down. This indicator is
currently used only
for confluence and is
not, by itself, a
trigger to enter a
trade.
Velocity: Indicate a sudden price movement relative to
previous bars. There are 3 threshold levels which
generate different user defined visual properties. In the
trade room, the threshold levels are set to white,
yellow, and green with white being level 1, yellow level
2, and green level 3.
Trade Setups
The following is very basic information to help you to
identify a trade that may have been taken or discussed
in the trading room. This information is not to be used
to qualify and enter trades unless you have first read
the
FT (First Touch): The first time
price touches a major line of
support or resistance after
the relative strength number
exceeds 120. Price musst
approach from a steep angle
to qualify.
Video: http://www.screencast.com/t/WaKaDf4UAyt
SpeedTick: Potential HFT market manipulation,
followed by a correction (pullback) from the movement.
Video: http://www.screencast.com/t/1SQDs1ATQuAB
RicoDot: Very similar to SpeedTick but has Ricochet and
PullBack Alert indicators on the same bar. Trades with
SpeedTick conservative rules.
SpeedFlash: A Flash at the open of the bar following a
SpeedTick bar.
Videos: http://www.screencast.com/t/BWMusS8dP
http://www.screencast.com/t/FapzjfWG
http://www.screencast.com/t/WoFF0mso2d
IE: Trend continuation setup. Must be accompanied
with sufficient “safety nets”.
Video: http://www.screencast.com/t/ChaQmuau