Walter Bressert is acknowledged as the man who brought cycle analysis to the futures markets in this original newsletter HAL Commodity. Cycles. Published. cycles methodology, so in this issue I will attempt this explanation. As many of you know, my cycles training came under the supervision of Walter Bressert. Walter Bressert - Intraday Timing for Low Risk Swing Trading - Download as PDF File .pdf), Text File .txt) or read online. Walter Bressert - Intraday Timing for.
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By Walter Bressert musicmarkup.info IDENTIFYING CYCLE TOPS AND BOTTOMS USING OSCILLATORS. 2. Detrending Takes the Mystery Out of Cycles. The indicators are based on the works of Walter Bressert. Included in this Library: Templates. Cycle Momentum Master. Indicators. WB RSI Detrend. WB DSS 5B. Bressert. Walter Bressert is acknowledged as the man who brought cycles to the futures markets in his original newsletter, Hal. Commodity Cycles, which was.
With cycles you can identify the trend plus forecast and confirm trend reversals. Whether you are trading weekly, daily or intraday time frames, it is the cycle in the longer-term time frame that sets the trend for trading the shorter time frame. Knowing the direction of the longer cycle you will know the trend for trading the shorter cycle. The trend for the time frame you are trading is determined by the next longer-term time frame. If the trend is up, buy the dips cycle bottoms ; if it is down, sell the rallies cycle tops. The Longer-Term Cycle Sets the Trend for the Shorter-Term Cycle Chart 1 - The longer-term chart weekly or intraday sets the trend direction for trading the shorter-term chart daily or intraday based on the dominant cycle in the weekly time frame.
I first started out close to 30 years ago, with a mutual fund company. Unfortunately, that relationship was short-lived because the stock market fell apart and I was laid off. So I took some time away from the business and when I came back, I noticed an ad for a position as a commodity broker.
The position was trading on the floor of what was then the West Coast Commodity Exchange. I had a little experience because I had traded commodities while I was in college, but I didn't really know what I was doing.
I went to work on the exchange floor, and I got caught up in all of the excitement, but I quickly realized that I still didn't know what I was doing. So I began to read everything that was available.
There wasn't much information available back then, but as I looked at everything, I became interested in researching cycles. Why cycles?
I was looking for something that worked. I had been shown a few systems, but those methods simply churned accounts. But I could see a rhythm to the markets that could be tradable. What happened next? I found a couple of books published by Ned Dewey.
Dewey had been hired by the US government back in the s to determine what had caused the Great Depression. What was his conclusion?
His conclusion was that it was cyclical in nature and there was nothing that the government could have done to stop it. After that, he left the government and started the Foundation for the Study of Cycles. The Foundation publishes a magazine, and has since the s. So I read their research on cycles.
Plus, I studied The Catalogue of Cycles, which lists about 20, different cycles. It became very clear to me that there are cycles all around us. How did you bring this to trade the markets? It made sense to me that if the long-term cycles existed, then short-term cycles should work, too. Knowing the direction of the longer cycle you will know the trend for trading the shorter cycle.
The trend for the time frame you are trading is determined by the next longer-term time frame. If the trend is up, buy the dips cycle bottoms ; if it is down, sell the rallies cycle tops. The Longer-Term Cycle Sets the Trend for the Shorter-Term Cycle Chart 1 - The longer-term chart weekly or intraday sets the trend direction for trading the shorter-term chart daily or intraday based on the dominant cycle in the weekly time frame. When the trend is up, buy the daily cycle bottoms with mechanical buy signals; when the trend is down, sell the daily trading cycle highs with mechanical sell signals.
Weekly Chart Daily Chart 1 2 Chart 1 - The combination of the weekly and daily charts gives a picture of the trend weekly charts and the trading signals daily charts. The thick blue, if viewing in color price bars are the setup bars; the up arrows, cycle bottoms.
NOTE: Our focus in this article is on the long side of the markets. The mirror image works for the short side. In the Chart 2 below, the blue oscillator is a 10DS Bressert Double Stochastic, which tends to identify the tops and bottoms of the bar cycle as the oscillator tops and bottoms.
The thick bar blue, if viewing in color is a setup bar, which occurs when the double stoch drops below the buyline at 40 and turns up. The red dot is the mechanical entry signal generated when prices rise above the high of he setup bar.
The up arrows show the cycle bottoms; the down arrows show the cycle tops. A rise above the setup bar generates a mechanical buy signal indicated by the dots following the setup bar and confirms a cycle bottom.
The advantage of trading with mechanical buy and sell signals is that it takes much of the "judgement" out of your trading. With a specific entry price and a specific stop, you know your dollar risk, and you know where you will be wrong. The upturn paints or thickens the price bar that generated the up turn, and the mechanical buy signal is to go long when prices exceed the high of the setup bar. We do not trade the buy signals on the longer-term, minute charts.
They confirm a larger cycle bottom and trend reversal signaling the beginning of an uptrend. At tops, they confirm the end of an uptrend and the beginning of a downtrend.