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TiTTs – Stacked Moving Averages and Conviction in Trading

This is a study of using TiTTs on the 29 September 2022. When market Opened, the 8/21 EMA crossed downwards to set up the Sell zone. The moving averages were nicely stacked downward and that means there was no moving averages support below. Also, the ATR Trailing StopLoss was sitting nicely above the stacked moving averages. The move downward was quite forceful with very little counter action by Bulls. With the force of conviction, the trade should be held as long as the candles remained RED.

By now, we should be familiar with TiTTs which consists of Buy/Sell zone, Momentum and Trend dots. The rest are moving averages and we like to be a trade with stacked moving averages. This means when we are Long a trade when the moving averages are stacked below the candle close. Likewise when we are Short a trade, the moving averages are stacked above the candle close.

Chart 1: 29 September 2022 – 1 minute chart showing the Entry points and also the possible Exit points

Chart 1 above shows the Entry #1 which was the candle turned RED. The Momentum and Trend dots were White. All the other support dots were White as well.

At Entry #1 – the /RTY candle turned RED and the moving averages were stacked above it. Momentum and Trend candles are White so a Short trade should be initiated.

The RED candles continued for quite a while and with conviction, the Short trade is to be held until the RED candle turned Yellow. That is the signal it is the end of the Trend.

Exit #1 – The candle turned Yellow signalling the end of the trend and it is time to exit the Short trade.

Subsequent to the exit, the Bulls tried to take /RTY upward but the candle close was trapped between the moving averages, the trade becomes volatile as it has to overcome resistances from moving averages above it and support from moving averages below it. Hence any up move or down move tends to be slow and prolonged.

The understudies below the main chart and the $ADD understudy chart below it. This is market internal and it gives information on the difference between the number of Gainers versus number of Losers.

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