In this exercise, I’d like you to allocate at least 20 minutes to three different markets – a currency, a commodity and an index (60 minutes in total). I want you to experiment using Geometric Angles on the past history of these markets.
Remember, this is not a case of running as many angles as you can until you find something that works. This is about testing your knowledge of the processes that we go through to apply our angles. You are not just picking random areas of the market and running angles from them. You will need to look at your Ranges first, marking out the start and end points of sections, so that you can run angles from these points.
Remember to try different point sizes:
- 0001, 0.001, 0.01 etc for a Currency
- The “tick size” of a commodity, or multiples of this number
- 1, 5, 10, etc for an Index, or the “tick size” if it is unique
Remember to try both Trading Days and Calendar Days
This can be a challenging exercise – but it should increase your understanding of Geometric Angles. At the end of the day, you are not forced to trade any market. If you are more comfortable with stocks, you can stick with stocks. However, the principles of Geometric Angles are the same on all kinds of markets.
Enjoy!