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What are the pattern(s) we should be looking for to take a continuation trade? I know you mentioned that a continuation trade occurs - for example a buy - when there has been a large histogram on the V94 window, which is positive as price moves up, then on the retracement we want to see the histogram go to zero or only slightly negative. I was looking for this today on the ES, but wasn't sure how to integrate the multiple timeframes with this. Also, if one waits for the histogram to turn from moving in a negative direction to moving in a positive direction, one can be about 3 bars late from the actual turning point. How can we position ourself for a more timely entry? Thanks.

Thanks for the query.

Most users of the TPS Indicator Pack look to make 3 kinds of trades - Reversal, Confirmation and Continuation.

Regardless of time frame, continuation trades look to take advantage of a trend. Using the indicator pack there are several indicatons both from price and from V94 and NNT.

The first indication of a trend is continuing Lower Lows or Higher Highs in both price and the indicators. Depending on the setting the price chart will indicate trend from either price and the center strip MA or from the RDot Pivots. Higher High Pivots as well as Higher Low Pivots along with higher changes from Red to Blue in the center stripe dots indicate an up trend in price.

As you will see in teh charts below, the V94Window indicates trend three different ways:

1. V94Window indicates an up trend with a very small departure below zero after a much bigger excursion above zero

2. V94Windo can also indicate trend with a series of readings, all of which are either above or below zero as shown below

3. V94 can also indicate trend with a series of wither Higher Highs or Lower Lows

The Net New Trade indicator indicates trend with either a series of Higher Highs or Lower Lows or a continuous, steep, run.

If you are reading these indications of trend in the higher time frames you can get a more timely entry, so you will not be "3 bars late" by looking at the fastest time frame.

This first Chart shows continuation in an up trend via very small departures below zero in V94 and well as continuous higher highs and higher lows in both Net New Trade, Price and in Price Pivots:

The next 2 charts show the continuation of an up trend via both Higher Lows in price as well as very small departures below zero in the V94Window:

These next 2 charts show trend via the V94Window with a with a series of readings, all of which are either above or below zero:

Next week I will record and post a webinar demonstrating Reversal Trades, Confirmation Trades and Continuation Trades using the Indicator Pack.

cheers

pat

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It seems like this charts are good in hindsight.

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It seems like this charts are good in hindsight.

Sometimes they even offer foresight as in the chart directly above - note how the spike foretells the extreme and the divergence confirms it.

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• Date : 28th January 2020. New Homes Sales add to the woes 28th January 2020.USA30, H1US new home sales dipped -0.4% in December to a 694k pace, after November’s revised -1.1% drop to 697k (was 719k). October was bumped down to 705k, versus 710k. This is the lowest since July. Sales were at a 564k rate last December. Regionally, sales declined in the Northeast and South, and rose in the Midwest and West. The month’s supply of homes rose to 5.7 from 5.5 (revised from 5.4). The median sales prices increased 3.3% to $331,400 after November’s -0.8% slide to$320,900 (revised from \$330,800). That’s a +0.5% y/y clip versus 4.0% y/y in November (revised from 7.2% y/y). The drop in sales and downward revisions are a disappointment. Housing was a significant plus point for the US economy in 2019.US equities are sharply lower, following on the heels of the plunge in stocks globally on heightened worries over the spreading coronavrius and concern about slowing global economic growth. The USA100 trades 1.76% lower at 9150, the USA500 is 1.41% lower at 3249 with the USA30 is down over 400 points (1.4%) at 28,586, from the breach of the 200-period moving average on Fridays close.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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