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Harness The Power of Multiple Time Frame Analysis to Identify Support and Resistance Commonalities

By

Christopher J. Terry

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DOW THEORY

1. Primary Trend 2. Secondary Trend 3. Minor Trend

Dow Theory-“Technical Analysis of Stock Trends 7th edition” – Robert D. Edwards and John Magee

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Retracement, Projection, and Extension Levels

• Retracement Levels : .382 - .50 - .618 - .707 - .786 - .886

• Projection Levels : 27.20%, 41.40, 61.80 % , 100.00%

• Extension Levels : 127.20%, 141.40 161.80, 200.00%, 261.80%

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LBR Holy Grail Trade

• The 14 period ADX is above 30 and rising. This will identify a strongly trending market.

• Look for a retracement to the 20 period exponential moving average, the ADX will usually turn down on the retracement.

• Enter a buy or a sell when the price retraces to the 20 ema.

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• The 3/10 OSCILLATOR • Subtracting a 10-period simple moving average from a

3-period simple moving average creates the 3/10 oscillator.

• FIRST CROSS BUY/SELL• It occurs when the “trend” line first crosses from

below the zero line to the positive area and then the 3/10 oscillator pulls back to BELOW the zero line. This would indicate an initial BUY condition.

• ( Sells are reversed)

LBR First Cross Trade

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Grail Buy and First Cross Buy

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Chris@LBRgroup.com

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