[工程科技]帝黄金交易法_九阳真经.pdf

CHAPTER DIRECTIONAL INDICATORS 9 POWER PATTERNS FOR HIGH PROBABILITY TRADING SIGNALS GENERAL DISCUSSION : If you dont understand or remember the definition of DIRECTION, FAILURE, or MOVEMENT, youll make it a lot easier on yourself if you review these concepts in CHAPTER 2, before going on. A Directional Indicator is usually, but not always, a pattern of some kind . Certain of these patterns are defined by the 3X3. Dont confuse the concept of trend with that of direction, even though the 3X3 is used for trend delineation as well as the criteria for certain of the Directional Indicators we will use. Directional Indicators are not Trend Indicators, irrespective of how they are derived. If there is a conflict between what a Trend Indicator and a Directional Indicator is telling you, follow the Directional Indicator. Direction overrules Trend. In recent years, a greater percentage of my trades have been based on Directional Indicators rather than Trend Indicators. This is as much a reflection of my maturity as a •trader, as it is my increased patience level. Perhaps philosophically speaking, those aspects are one and the same. Directional Indicators require patience , as they must manifest on their own , whil e a Trend can always be found . Directional Indicator s are typically very powerfu l and highly reliable . They are in keeping with my overall philosophy : LOSS OF OPPORTUNITY IS PREFERABLE TO LOSS OF CAPITAL! 72 DiNapoli Levels THE DOUBLE REPENETRATION SIGNAL OR DOUBLE REPO FOR SHORT The following Chart 6- 1