Trading Consultants Inc Lesson : Monthly Charts
In 2013 as we are backtesting some of our hypotheses we noticed that Monthly charts are the primary domain of the "true whales" Their imprints are obvious but few traders will dare follow them there. As we mimic "pilot fish"" we strive to be just above or below those whales knowing if we get ahead or fall behind we can get hurt quite badly. We contend that if you are patient and avoid margin use, the whales can be mimicked. Here we show another way we accomplish this. "Sell into a monthly demand" and expect 60 to 90% penetration. here we have sold a full position 10.44 lots (1.64749) short at the demand. For your reference and comparison, we also added a single lot long. We encourage you to chart and plot this for a valuable lesson from TCI.