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Good Morning RTer's:
WOW, what a response to my offer!!! I have faxed over thirty of you so far.
As for those who wish a e-mail, I am working on it. The complete
documentation is over seven pages. Not sure how to combine them. I will
continue my efforts after 11:00 am MST today.
So what do you have? Well lets do a down and dirty script here. First and
foremost you calculate the cycles in the 20 minute time frame and trade the
5 minute time frame. The indicators work in any time frame though. The 20
minute chart shows the cycle plots. The 5 minute chart shows the actual time
as a trade entry. The bar with the arrow on the 5 minute corresponds with
the cycle plot on the 20 minute. One critical concept. Trade the trend. If
the trend is up use the BULL TIMING BANDS, if the trend is down, use the
BEAR TIMING BANDS.
The commentaries work like this. Determine the trend. In this case it is up.
Look at the first commentary, To get this I have entered into the BULL
TIMING BAND indicator the previous CYCLE LOW and CYCLE HIGH as plotted on
the 20 minute chart. Click on the EXPERT COMMENTARY ICON carry it over to
the most recent price bar on the 20 minute chart and click on it. The expert
commentary will come onto your screen and then project forward the
anticipated time of the next cycle high or low. (Underlined time with arrow
on commentary) In this case it shows the next low at 09:01 hours. This is
when you execute your trade. The plot will show up in the 20 minute chart in
a few bars. Once you get the next cycle plot (09:01) on the 20 minute chart
you enter it into the TIMING BANDS. It can vary one bar before or after from
time to time. (Expert Commentary #2) Now it says the next high will be at
10:41 hours. Now look at the last two projections. Accurate or what? At
10:41 hours there is a trend change because the high of 10:41 did not exceed
the last cycle high. So now we switch to the BEAR TIMING BANDS and see the
next low is expected at 13:01 hours. BINGO we are there!
I think you all get the idea now. This was a picture perfect day. It is not
always like this. Sometime the market skips a cycle here and there. Point
being, is this is the best software I have found but, not the HOLY GRAIL.
For those of you who are interested in looking at a CYCLETRADER DEMO or
contacting the software vendor, here is the necessary information.
WWW.BRESSERTGROUP.COM
1-312-867-8700
Hope this helps all of you,
Richard J. Chehovin
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