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Trading Patterns with Market Context (NWTTA)

SURI-Enterprise
by

suriNotes .com

on 16 May 2018

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Transcript of Trading Patterns with Market Context (NWTTA)

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Market Context
Validity
Execution
Management
Trade Plan
Patterns
Pattern Recognition
Context
Execution


* Trade Patterns
* Follow Trends
* Stick to Rules

BLUEPRINT
What is Market Context?
- Decision Frame work
- Point of Reference
- Road Map of Market
Typical Market Context Tools

Price relative to 50 EMA or 200 SMA
Pivots
Oscillator based "OS/OB"
Trends
Volatility high/low

Trend Directions
SuperBars, eSIX
Market Internals:
CMI, VLTY
Price Structure
MAs, Pivots, Fib. Bands
My Context Tools
Market Context
Volatility measures randomness of price moves
Volatility is the variance of price over time.
Never GUESS. Always quantify
Keep it very simple.
Trade only when VLTY is in favor of your trade.
Avoid new trades when RISKY and Exit all trades when Extremely RISKY
Volatility

Volatility refers to Risk in the Markets.
Volatility Zones shows the Risk and Extreme Risk zones.

Volatility
<25 is Choppy: Avoid trading.
25-50 is Safe: Calmer & Methodical
>50 is RISKY: NO New positions are traded
>100 to 150: Extreme Risk, All positions are exited
Pattern Trading w/MC
Counter Trend Trading
Quiz
Find two patterns drawn incorrectly.
H&S
Success & Failure
In a Failed H&S,
where do you place STOPS?
A, C, I
as they show wrong triangles
Market Context Charts
Market Context
Tools
MAs (21, 89, 200)
Fib. Bands
Pivots
Fib. Retracenents/Exts.
VAH/VAL/POC
Gaps
Trend Tools
Combined Market Internals
(CMI)


Volatility Zones (VLTY)
Pattern Context
Finds the Underlying Market Internals Trend
Uses ADV, DECL, TICK, TRIN, XLF,SPY,ESINX
Intraday Indicator
Plots a Histogram on 5m & 3m Chart
Trade with the 5m CMI direction
Divergence
Combined Market Internals
(CMI)
Key Supp/Res.
How to Trade Chart Patterns with
Market Context

Suri Duddella
July 12, 2016, NWTTA

What is the Best Scenario for Trading?

Trending Markets
Decent Volatility
Uneventful Markets
Great Setup or Perfect Pattern
Structure Support Tools
Trend Tools
External Conditions Tools
Volatility Tools
Pattern Tools

Pattern Trend
Size/Orientation
Location
Pattern Integrity
Symmetry

NQ on Jul. 7th
Embedded X5 Trade
ABC Failure/Success
H&S Trade
Counter Trend Trading is more of an EGO issue than
trading with skill.
Counter Trend
What is Counter Trend?
How traders trade CT now?
How to avoid CT?
How to trade CT?

Next Time...
Instrument/Time-Frame Based
SuperBars (Price-Action
eSIX (Momentum/Volatility)


Market Internals (CMI)
Trend Tools (Non-Correlated Indicators)
Context is Everything
- Analyze Context MORE than Patterns/Setups
- Trade Patterns are NOT Context
** Never Trade Market Context by Itself *
*
Market Context Provides...

Confirmations/Supports of Patterns Price-Action
Confluence Areas for Trade Entries/Exits
Potential reversal zones for Trade Setups
Trend Directions
Market Volatility
Agenda
Suri Duddella
http://www.suriNotes.com
suriNotes@gmail.com

Twitter/StockTwits: suriNotes
TS: demicron
Q & A
Volatility Zones
Winners: Please post a Review on Amazon.com
Full transcript