Public ChartLists

Right Now Cloud Chart Evaluation

First, we do not engage in Technical Analysis. We advocate for Chart Evaluation. Most might say that this is just semantics. Let us take a look at a definition of Analysis: "The separation of an intellectual or material whole into its constituent parts for individual study" or "the separating of any material or abstract entity into its constituent elements ". Analysis implies disassembling something.

Now let us look at the definition of Evaluation: "Evaluation is a systematic determination of the merit, worth and significance of a subject, using criteria governed by a set of standards" or "Careful valuation or appraisement". Edge Chart Evaluation uses overlays/indicators to perform a "systematic determination" of price change and the following overlay/indicator change to determine its "merit, worth, and significance" as a candidate for price movement that results in positive return on risk in well regulated financial markets.

____________________GLD Position Summary: opened 07.02.2021; closed 07.22.2021_________________
Charts 1-9 explain the charting methodology; Charts 10-12 explain the option strategy; Chart 13 contains trade management updates. The overall cashflow for the GLD July Ladder Rungs A.1-3 was $123; Total ROR = 123/157 = 78%. This position provided cashflow for each of the last 3 weeks with a maximum closing price change of ~ 2%.

When this Public Chartlist was posited on July 2nd 2021, we had no idea what the future held. We made daily decisions based on what price did each day. The option spread strategy that was employed lends itself well for weekly profits.

Please stay tune for our next example of "Right Now Trading" using "Edge Chart Evaluations".
Thanks to all that participated.