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July 9, 2009
July 8, 2009
July 8
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
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July 7, 2009
The ADX and 1 Minute Chart for mini Dow YM
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
The previous examples for this ADX pattern show how this pattern works on a daily chart. This fourth example shows the same ADX pattern on a 1 minute chart for the mini Dow futures contract symbol YM. This ADX pattern consists of two characteristics. First, the ADX line should be above the Trend Level. Second the DI- line should be above the DI+ line. The higher these lines are the better.
On the chart below the at point “A”, we can see this pattern forming. The ADX line is above the Trend Level and the DI- line above both the Trend Level and the DI+ line. When this pattern occurs it indicates the price action is making a bottom. At point “A” you can see the price action formed a bottom when this ADX pattern occurred and then the price action started an up trend.
ADX and a 1 minute chart
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July 6, 2009
Using the ADX and Dentsply International
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
Here is a third example of the ADX pattern shown in the previous two postings. The chart below is a daily chart for Dentsply International, stock symbol XRAY. The pattern we are looking for has these two features. First the ADX line is above the Trend Level and the higher the ADX line the better. Second the DI- line is above the DI+ line and the higher the DI- line the better. When this pattern occurs it indicates the market is making a bottom.
On the chart below at point “A” we can see this pattern forming. The ADX line is above the Trend Level and the DI- line is above the DI+ line. At point “A” the market made a bottom.
XRAY and the ADX Pattern
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July 5, 2009
Using the ADX and Microsoft
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
This article shows a second example of the ADX pattern presented in the previous posting. As a reminder, here are the the two characteristics we are looking for. First the ADX line should be over the Trend Level and the higher the better. Second, the DI- line should be above the DI+ line and the higher the DI- line the better. When this occurs it indicates the market is forming a bottom.
The chart below shows the daily chart for Microsoft, symbol MSFT. At point “A” the ADX has formed the pattern for which we are looking. The ADX line is high above the Trend Level and the DI- line is above both the DI+ line and the Trend Level. When this setup occurred at point “A” Microsoft made a bottom and turned up.
ADX and Microsoft
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July 4, 2009
Using the ADX and Autodesk Inc.
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
In this article we will discuss a specific ADX pattern that can be used to help locate market bottoms. The chart below is a daily bar chart for the stock Autodesk Inc., symbol ADSK. The ADX pattern we are looking for involves two characteristics. First the ADX line is above the Trend Level. The higher the ADX is above the Trend Level the better.
Second, the DI- line must be above the DI+ line. The higher the DI- line the better, and we would like to see the DI- line above the Trend Level. When the ADX line starts to make a top with this setup. it indicates the stock price is making a bottom.
We see this setup on the chart below at the market bottom labeled “A” . The ADX is high above the Trend Level, and the DI- line is above the DI+ line and also above the Trend Level. At this point the ASAK stock made a bottom.
ADX and Autodesk Inc.
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July 3, 2009
Gartley Pattern Failure and Silver
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
Here is a second discusion of a Gartley pattern failure which was previously discussed in article 17. Click here to read that article. In article 17, I showed examples of the price falling after the pattern failure. In this example I will show the price rising after the pattern failure.
The Gartley pattern is complete when the price reaches point D that is usually defined as AB=CD. This final point D can be manually set, but the automatic settings in MarketWarrior set point D to AB=CD.
On the picture below, the Gartley pattern has been applied to the Silver chart. In some cases the price will fall from point C, a percent that is represented by one of the Fibonacci ratios and then stop falling. The price of silver fell 0.618 percent down from point C and stopped falling. The price then turned up. This means the price failed to fall to point D. When the price fails to reach point D and turns up around a Fibonacci number, the price should rally. On the chart below, the price rallied after the Gartley pattern failure.
Gartley Pattern
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July 2, 2009
Gartley Patern Failure and Cocoa
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
On the picture below, the Gartley pattern has been applied to the September 2009 Cocoa chart. This article will discuss a Gartley pattern failure that was previously discussed in article 17. Click here to read that article. In article 17, I showed examples of the price falling after the pattern failure. In this example I will show the price rising after the pattern failure.
The Gartley pattern is complete when the price reaches point D that is usually defined as AB=CD. In some cases the price will fall from point C, a percent represented by one of the Fibonacci ratios and then stop falling. The price of cocoa fell 0.786 percent down from point C and stopped falling. The price then turned up. This means the price failed to fall to point D. When the price fails to reach point D and turns up around a Fibonacci number, the price should rally. On the chart below, the price rallied after the Gartley pattern failure. After the Gartley pattern failure, the first price target is the top point C and then the top point A.
Gartley Pattern
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July 1, 2009
Million Dollar Pivot Finder
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
The MarketWarrior indicator named the Million Dollar Pivot Finder (MDPF) will find a situation where the market has over extended too high or too low. The chart below shows a 60 minute chart for coffee. On this chart the MDPF has found 4 points where the coffee market over extended upward. When this occurs it indicates the coffee market will make a top soon so you should look for an opportunity to sell short.
Million Dollar Pivot Finder
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June 30, 2009
mini dow YM stop and reverse
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
Here is another chart for the mini Dow contract symbol YM. This is a 5 minute chart. On this chart I have applied the MarketWarrior stop and reverse indicator based on the Bollinger Bands. I have labeled the main trading session with the words “Start” and “End”. We have taken note of the trades inside the main trading session. The stop and reverse method will keep a trader in the market all the time. On a five minute chart, there will be only 5 to 7 trades each day.
mini Dow YM
The trade listings below show the trades from the chart above. There were 7 trades on June 30 in the mini Dow market. The trades resulted in 83.255 points of profit. The minimum tick in this market is 1 and it is worth $5. This results in a profit which is worth $416.28. These are theoretical prices. The actual prices you will get in your trades depends on how you enter the trades with your broker.
mini Dow YM results
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