31. Extended Cycle Count


 

An extended cycle is where the market makes a move past a 9 bars cycle count up or down and look for a way to fade this pattern anticipating a small correction and price advantage. 

We watch for 10 + cycle counts. 

Things to consider when reviewing the Extended Cycle Count model are -

  • Is the market at a Double Top / Bottom?
  • Will this move create a Divergent Top / Bottom?
  • Where is the market cycle counts on the longer term charts?
  • Is the market above or below the Moving Average and what time frames?
  • Etc, Etc, Put the other trade models together to build the puzzle for entry.


Note: It is best to reach for fill prices (Go Fish) and not to trade all your contracts at first, but rather scale into trades and out of trades.  


Past performance is not necessarily indicative of future results.





Next -> Fade Models  

32. Market MA Fail Pattern



Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.