T-Bond within a few weeks of MAJOR buy on 128H oscillator?

13 ธ.ค. 2016

rwilday noticed some good scalp buys this week from Fractal Resonance Composite lines on a 30 minute ZB chart and (facetiously) asked if it was time to buy big. In this case the 30-minute chart gives too narrow a view, but we can find the dominant timescale candidate on the 8H chart's 128H oscillator (FR_COMPONENT timescale multiplier=16). It's lead line is -87% oversold but still tilted down. Another 2-6 weeks may be needed before it flattens and crosses up with bold green dot -0.59% for a potentially MAJOR bi-weekly or monthly buy. The case for local 128H dominance will be strongest then if the 256H lead line (row below) has also flattened WITHOUT reaching its green shade zone.

13 ธ.ค. 2016

ความคิดเห็น

This is a good example of how FULL situational awareness requires something like 16 oscillator timescales from 1 minute to 2^16 = 65536 minutes = ~45 days. Since the Fractal Resonance scripts only work with 8 simultaneous timescales, it's good practice to occasionally switch your chart timescale between 3 settings like 1 minute, 15 minute and 4 hour. We've noticed TradingView has a deeper futures history on 8 hour charts than four, so another 3 settings could be 2 minute, 30 minute, and 8 hour. You'll need the 1-2 minute chart during fast markets like election night where the huge moves were actually too quick to budge the longer term oscillators significantly. A perfectly clean ES crossover buy showed up on a few minutes oscillator around midnight as futures halted limit down.