Trading Time. - CQG.com

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5 Peak What is Peak Peak is another extremely simplistic study, but it has the advantage that it is dictated by price swings rather than momentum itself. This means that it is more dynamic to price action. At its basic level, a Peak is a potential turning point. Definition A Peak is defined as a 5-bar pattern that has the middle bar as either the highest or lowest point. If it is the highest point it is a downward Peak Point. If it is the lowest it is an upward swing point. Whilst it is essential that the middle bar of 5 is the highest or lowest point, the other 4-bar patterns can vary. Peak simply records swing highs and lows. It consists of two <strong>com</strong>ponents: ■ Hi Peak: plots the high swing points ■ Lo Peak: plots the low swing points Both studies will hold those points until the next change if a swing high or low occurs. The swing point can be adjusted depending on the degree of sensitivity required, but the <strong>com</strong>mon setting is a 2 by 2. This means that for a Peak to be created the middle bar of 5 must be the high point for a Hi Peak and the middle bar of 5 the low point for a Lo Peak. In their basic form and interpretation they simply track an up trend or downtrend as the two charts show. TRADING TIME: New Methods in Technical Analysis
Peak tracks the trend and acts as a final trailing stop. Lo Peak tracks an up trend
Page 3 and 4: Trading Time. A double meaning allu
Page 5 and 6: Stochastic Steps Once a trade has c
Page 7 and 8: isk, they can use the many methods
Page 9 and 10: occurring. The first two tables clo
Page 11 and 12: The next test is to look at how oft
Page 13 and 14: those days there was also a T Bond
Page 15 and 16: Market acceptance We now move onto
Page 17 and 18: The standard format is that each le
Page 19 and 20: 4 Relative Strength Index RSI as a
Page 21 and 22: The next test (see fig. 23) uses th
Page 23: Analysis of eBay shows where signal
Page 27 and 28: Peak and Step theory Hi Count / Lo
Page 29 and 30: Forex - solving the trailing stop p
Page 31 and 32: Appendix Chapter 1 TradeFlow Tradef
Page 33 and 34: The next pattern highlights how it

Trading Time. - CQG.com

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