Swing Levels

Changing SWINGS up or down in automatic selection of higher or lower swing degree.

 

You can run as many charts as you like in differing time frames and deal with them the same way.

Start with the dailies and work down through 60 minute, 15 minute and into the 5 minute swings.

You will find the same approach works all the way through.

The swing recording routine in WAVETRADER III is the nuts and bolts of the whole geometric approach to market support and resistance.

Market swing degree can be defined on a scale of Smaller to Larger swings. Geometric relationships will be seen to form in all swing degree levels. When you have important combinations forming in two separate swing degrees at the same level a reversal of some description will be most likely. If a reversal does not eventuate all it does is signal a continuation. If you are aware of the important set ups we teach then you are sitting in the drivers seat.

1. SMALLER swing degree movements
2. SMALL swing degree movements
3. MEDIUM swing degree movements
4. LARGE swing degree movements
5. LARGER swing degree movements

If you use ELLIOTT WAVE as a guide then each higher degree swing movement will contain 3 to 5 swings of lesser degree. For instance a LARGE DEGREE SWING will most likely contain 3 or 5 MEDIUM degree swings.

You can see the scales I am talking about if you set up eSignal pages to track the market on several different time frames.

For day trading purposes you need to track time frames between 3-5 minutes and up to 60 minutes. The real point is that most intraday trading opportunities will come from the Small and Medium degree swing changes and on an ongoing basis the LARGE or LARGER degree geometry will come into play.

You need to track the progress of the market in all SWING DEGREE to know when the higher degree is in a position to over ride the lesser degree swing geometry.

The WT Mk III and the WT-ES ASSISTANT Mk III has some proprietory routines to track the unfolding geometry even when it is not visible to you on a smaller time frame chart.

Here is an example of a 3 way swing degree level.

Then of course the picture can be clearer in the right time frame.

 

If you want to know why it is the way it is.

The main reason for the WT-ES Assistant is to give you a very instant way to confirm any geometric signals you encounter that may relate to the higher degree swing geometry.

I think this example should give you reason to think that our software is the best in the business.