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Overview Index   Pages 1 2 3 4 5 6 7 8 {9} 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Offer

 

Chart 5 - Template 5 - All (4) Buy/Sell Signals With the BLine Oscillator
Template 5 combines the four Mechanical Buy and Sell Signals (DBS10, DBS5, BLine, OB/OS) in one chart with the BLine plotted at the bottom of the chart.

The Oversold/Oversold Buy/Sell Signals have been added to Chart 5. Based on a combination of indicators, the OB/OS Buy and Sell Signals, though not particularly impressive as a stand-alone, combine well with the DoubleStoc and BLine Trading Signals.

The BLine Buy/Sell Signals give the strongest identification of cycle tops and bottoms and trend reversals, but the combination of three and four signals are often followed by significant moves in the direction of the signal.

In a strong downmove, the green up-spikes signaling Buy Setups will show up frequently as the oscillators are being pushed below the Buy Lines. These Buy Signals are not to be traded as they are against the trend, except at an anticipated trend reversal based on a longer-term cycle.

In a strong upmove, the red down-spikes showing Sell Setups will show up frequently as the oscillators are being pushed above the Sell Lines. These Sell Signals are not to be traded as they are against the trend, except at an anticipated trend reversal based on a longer-term cycle.

   

Hands-On for ProfitTrader Users
To become familiar with the combination of signals and how they interact, use the vertical bar keeping in mind the objective is to trade with the trend except at anticipated trend reversals.

Next: Trend Direction
The most consistent path to profits is to trade in the direction of trend… and anticipate trend reversals. The EMA Trend Indicator is an excellent tool for determination of the trading trend, and when combined with the EMA %Diff and MA %Diff Indicators, the odds of catching trend reversals is greatly increased... and by watching the direction of trend relative to the %Diff and the EMA lines, you can trade high-probability Oscillator Patterns based on the interaction of the DBS5 and the DBS10 in Templates 1-4.