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Support Resource Center
Chart 16
JFC Directional Day Filter Indicator
Chart 16
Chart 16 - A
Chart 16 - A adds the JFC Market Direction Indicator to Chart 16, confirming the downtrend for the remainder of the day, calculated one hour into the session.
Chart 16 - B
Chart 16 - B adds the JFC Reversal and JFC Entry Point to Chart 16
- A. This is an excellent example of the use of these four indicators to
detail the specific entry for the trade which would have you on the right
side of the market for the final downtrend
which began at approximately 12:30 central time. Note that the downtrend
was first confirmed by JFC Reversal, the position
then being established as the market breaks short term support
as defined by the JFC Entry Point
Indicator at 11180 at 1:10 pm. The red down arrow has
been placed on the chart to identify the price and time when the position
was actually entered.
More Details: JFC
Reversal JFC
Entry Point JFC
Market Direction