Tradesheet Key

May 14, 2014

Member’s Guide to analyzing the Daily Tradesheet.

 

LBR Tradesheet Key

 

Pat (Pattern)

 

Id=inside day

 

Nr4=narrow range of last 4 days

 

Nr7=narrow range of last 7 days

 

Wr4=wide range of last 4 days

 

Wr7=wide range of last 7 days

 

BO (Breakout Mode)

 

A “1” in the BO column represents that the market has formed a three bar triangle. The three bar triangle is when the current bar’s high is lower than the 2 day high and the low is higher than the two day low. Breakouts from this formation have better odds of follow through than breakouts from a one bar NR7.

 

TP (Trend Potential)

 

Lower numbers lead to trend days or breakouts. Anything below 40 is significant

 

P (Pinball)-similar to looking for retracements on 120 min timeframe

 

B=Pinball Buy

 

S=Pinball Sell

 

3 and 3 (PF3’s, Positive Feedback)

 

A PF3 means the slope of the 2 period ROC, the 3/10 osc fast line, and the 3/10 slow line were all in the same direction. They signal that the market is “giving its all” up or down. If you see 2 PF3s down (-1 -1) in an overall uptrend that is one of the best buy signals.

 

5 (5 SMA)

 

A “1” in this column will tell you that the market is closing on the opposite side of the 5 period SMA after being in an extended run.

 

D (Sell Divergence) +D (Buy Divergence)

 

Shows that there is a possible buy or sell divergence on the daily OSC. Ignore if the weekly chart has good trend intact.

 

Sig (Signal) on 2 period ROC

 

B=first day flip up

 

S=first day flip down

 

(B)= Indicates 2 period ROC has been up for more than one day and can flip back down

 

(S)=Indicates 2 period ROC has been down for more than one day and can flip back up.

 

 

 

STPvt

 

Tells you which price the 2 period ROC will flip up or down

 

2 ROC

 

Tells you the rate of change from the two most recent trading sessions

 

2 ROC [1]

 

Tells you the rate of change from the two trading sessions prior to the current session