Basic Trading Rules
How to Determine the Trend
We use
the cross of TSKPTriggerline and TSKPStopline to indicate the trend and need 3
pivots to tell us what is the direction of the trend. When TSKPTriggerline gets
pulled below TSKPStopline we go back to the recent
A higher low means we are in an uptrend
A lower high means we are in a downtrend.
Basic signals on the tick chart
Buy Signal
We must have a Higher Low or Double Bottom in place
Triggerline must be above Autostop (Yellow solid line) and Tightstop (Yellow dotted line)
KP906 (Blue or Red line) in the lower subgraph must be above KP907 (White Histogram) or approaching KP907
We must have a blue arrow below the price bar
The price bar must be open and blue
The price bar screen must be blue
Sell Signal
We must have a Lower High or Double Top in place
Triggerline must be below Autostop (Yellow solid line) and Tightstop (Yellow dotted line)
KP906 (Blue or Red line) in the lower subgraph must be below KP907 (White Histogram) or approaching KP907
We must have a red arrow above the price bar
The price bar must be solid and red
The price bar screen must be red
Snapback Buy Signal
The price bar background must be blue
We must be in a strong up trend
The TSKP_MP indicator must go from blue to white and then back to blue
We need a close below Tightstop and then a close above which
would be the trigger bar for the buy signal. The bars can go from
blue to yellow and then back to blue
Snapback Sell Signal
The price bar background must be pink
We must be in a strong down trend
The TSKP_MP indicator must go from pink to white and then back to
pink
We need a close above Tightstop and then a close below which
would be the trigger bar for the sell signal. The bars can go from
red to yellow and then back to red
These are very basic rules but will provide you with enough direction to be able to interpret the charts.
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