Repetition is the mother of learning,
the father of action, which makes it the architect of accomplishment.
Wild Bill 6 & Wild Bill 4
Indicators / Terminology
Our bars are three different colors:
Green for Buy / Long
Red for Sell / Short
Yellow for Neutral / Potential Change
These bars are a mean average of a combination of unique indicators.
The bars build out similar to candles and are 1½ Pts. on Wild Bill 6 and 1 Pt.
on Wild Bill 4. The Bars show Wicks and move in ¼ points Long (up) or Short (down). The Time a Bar takes to build is variable and can be a long or short period of time.
Remember the Yellow Bar is somewhat neutral and a good “Heads Up”.
The Highway is normally a smoothly moving wide Pink Band at times lagging and at other times moving rapidly toward the price (Bar). It is an oscillator tracking price momentum. It is easy to see and follow and as long as your Bars stay on the top or bottom of the Highway you stay in your current trade. When the Highway starts to Change Direction it is time to consider exiting your trade.
REMEMBER: A Red Bar will Never close above the Highway and a Green Bar will never close below the Highway…
S & R:
Our Dynamic SUPPORT/RESISTANCE lines are constantly changing according to recent price action.
They are Unlike the Static Support/Resistance numbers/lines usually given reflecting the previous days, weeks price action.
There are two colors for each Support/Resistance line. There is RED/WHITE for the resistance line and GREEN/WHITE for the support Line.
The resistance line turns RED whenever a new PIVOT HIGH (PH text above the resistance line) occurs.
The support line turns GREEN whenever a Higher Pivot Low (HPL text below the support line) occurs. An uptrend is higher Pivot highs and higher Pivot lows. In an uptrend where the market is making a series of higher highs and higher lows the resistance line is WHITE and the support line is GREEN.
In a downtrend the resistance line is RED and the support line is WHITE. The resistance line turns RED whenever a Lower Pivot High (LPH text above the resistance line) occurs. A downtrend is lower Pivot highs and lower Pivot lows. In a downtrend where the market is making a series of lower highs and lower lows the resistance line is RED and the support line is WHITE.
The Support/Resistance lines and text markers automatically adjust when the price bars change from RED to GREEN or GREEN to RED and crosses THE HIGHWAY. These dynamic support/resistance lines ENHANCE our trading strategies as we always look to buy higher pivot lows (HPL) and short lower pivot highs (LPH). This strategy means we will always be buyers in an uptrend and short sellers in a downtrend.
REMEMBER: These are dynamic S/R lines and we like to have at least a 3 point separation between them before entering a trade. If the direction of a bar is within ½ pt. of either line we wait for the bar to CLOSE above or below S/R line before entering a trade.
THE SNAKE is a cyan line moving through, over and above the Bars and crossing
Back and forth on The Highway. It is basically a short term momentum oscillator scaled to price action with a filter action working similar to a variable moving average.
TIMING: LONG MOVE
As momentum increases, the Bars move above and stay above THE SNAKE until the
upside momentum begins to decrease. Maximum momentum is achieved as long
as bars continue to CLOSE at or above THE SNAKE, Stay Long!!! When momentum begins to weaken, the bars will close below THE SNAKE and When Bars change colors it is time to
EXIT YOUR TRADE!!!!!!!
As momentum increases, the Bars move below and stay below THE SNAKE until the
downside momentum begins to decrease. Maximum momentum is achieved as long
as bars continue to CLOSE at or below THE SNAKE. Stay Short!!! When momentum begins to weaken, the bars will close above THE SNAKE and When Bars change colors it is time to
EXIT YOUR TRADE!!!!!!!
THE SNAKE also shows relative strength UP or DOWN by crossing the HIGHWAY.
Whenever THE SNAKE crosses up above the HIGHWAY there is short term strength UP. Whenever THE SNAKE crosses below the HIGHWAY there is short term strength DOWN.
Most importantly for our style of trading we wish to be in either a buying or selling cycle. We wish to avoid the sideways choppy market. There will always be new trading opportunities.
At times the best trade Is NO TRADE!!!
The JIMMY LINE is an additional Momentum indicator that is unique and has many propriety factors and incorporates THE POINT and THE CLARK/JIGGLE.
RED & BLUE:
THE RED/BLUE LINE is a very smooth oscillator that shows changes in trend with color changes in the line… RED is SHORT (DOWN)… BLUE is LONG (UP)…
THE CLARK/ JIGGLE:
The CLARK/JIGGLE shows conservative entries on a new trend. THE CLARK/JIGGLE is a short flat line or a Jiggle in an otherwise smooth line which normally occurs after a reversal.
THE POINT can be volatile but provides us with a great heads up for reversals from the current trend and is clearly seen and looks like a POINT.
TRADING THE “WILD BILL 4” OR “WILD BILL 6”
When trading “Wild Bill 6” we follow the SAME method whether going long or short…
We wait for the “Point”. This is a HEADS UP for a potential entry or exit of existing a current trade…
Once the point has formed and the “JIMMY” has crossed the red/blue line we look to see if
the BARS have CROSSED & SEPARATED from the “HIGHWAY”. Next we check to see if the
“SNAKE” has crossed the “HIGHWAY”. Once both the “BARS” & “SNAKE” are on the same side of the “HIGHWAY” we wait for the “CLARK” to form on the “JIMMY”. ONCE THE Clark has formed we enter the trade and wait for the next “POINT” and/or “YELLOW BAR” to Form and EXIT our trade…. This current “POINT is a signal to repeat the same method again for our next trade…
FOR FURTHER CONSIDERATION: Don't forget the “SUPPORT/RESISTANCE” lines.
These are dynamic S/R lines and we like to have at least a 3 point separation between them
before entering a trade. If the direction of a bar is within ½ pt. of either line we wait for the bar to close above or below S/R line before entering a trade.
THIS IS A VERY CONSERVATIVE WAY TO TRADE.