The Vulcan Report
Daily Market FORECAST
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2."TR RES" - This is the trendline resistance.
3."1stPwRES" - This column give the new high reading.
4."POSMOM" - This is the positive momentum reading.
5."2BC BUY" - This is the first pulsewave price trigger resistance buy reading.
6."Uptrend" - This is the uptrend reading.
7."Downtren" - This is the downtrend reading.
8."2BC SELL" - This is the first pulsewave price trigger support sell reading.
9."NEGMOM" - This is the negative momentum reading.
10."1stPWSUP" - This column gives the new low reading.
11."TR SUP" - This is the trendline support.
12."52 LOW" - This column gives the 52 week low reading.
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How to Read: This column will give you the 3rd entry point and/or profit target.
2."TR RES" - This is the trendline resistance.
How to Read: When this column reads "0.00" it means that the market is pulsewaving positive i.e. uptrend channel.
3."1stPwRES" - This is the first pulsewave price trigger resistance buy reading.
How to Read: This is the 2nd long entry price trigger.
4."POSMOM" - This is the positive momentum reading.
How to Read: A reading of "911" indicates a rally alert.
A reading of "411" indicates a possible trend reversal.
A reading of "365" indicates a new 52 week high.
A reading of "10" indicates a new 10 day/week high.
A reading of "78" indicates a market that is pulsewaving positive.
What are PulseWaves?: Pulsewaves are powerful intraday trends in the market.
5."2BC BUY" - This is the first buy trigger reading.
How to Read: This is the first trade of the week. This price triggers puts you ahead of the
crowd at the begining of the move.
6."Uptrend" - This is the uptrend reading.
How to Read: A reading of "88" indicates a sideways market trading inside of the "Kumo Cloud
of death". The Kumo Cloud is where prices remain consolidated until they break out of the cloud.
A reading of "70" indicates a market that is in a powerful long term uptrend where prices
are trading above both the short & long term trendlines.
A reading of "18" indicates a market that is in an uptrend as prices are trading above the
short term trendline.
A reading of "52" indicates a market that is in an uptrend as prices are trading above the
long term trendline.
7."Downtren" - This is the downtrend reading.
How to Read: A reading of "-88" indicates a sideways market trading inside of the "Kumo Cloud
of death". The Kumo Cloud is where prices remain consolidated until they break down
out of the cloud.
A reading of "-70" indicates a market that is in a powerful long term downtrend where prices
are trading below both the short & long term trendlines.
A reading of "-18" indicates a market that is in an downtrend as prices are trading below the
short term trendline.
A reading of "-52" indicates a market that is in an downtrend as prices are trading below the
long term trendline.
8."2BC SELL" - This is the first sell trigger reading.
How to Read: This is the first trade of the week. This price triggers puts you ahead of the
crowd at the beginning of the move.
9."NEGMOM" - This is the negative momentum reading.
How to Read: A reading of "911" indicates a crash alert.
A reading of "411" indicates a possible trend reversal.
A reading of "365" indicates a new 52 week low.
A reading of "10" indicates a new 10 day/week low.
A reading of "78" indicates a market that is pulsewaving negative.
10."1stPWSUP" - This is the first pulsewave price trigger support sell reading.
How to Read: This is the 2nd short entry price trigger.
11."TR SUP" - This is the trendline support.
How to Read: When this column reads "0.00" it means that the market is pulsewaving negative i.e. downtrend channel.
12."52 LOW" - This column gives the new low support reading.
How to Read: This column will give you the 3rd entry point and/or profit target.
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Rules of The Vulcan Report
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*Trade Set ups of the 2 Bar Charlie System
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*Momentum:
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Consolidated intra-day plays i.e. "day trades". |
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Look for the "Buy, Sell or Neutral" signal under the "MOMENTUM" section in the FORECAST Matrix.
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Watch & Wait for the pullback toward "Intra-Day Res/Sup"
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to be confirmed before placing the buy/sell -limit order
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especially if the todays open is above today's price trigger
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on long entries and if the open is below today's price trigger on sell entries.
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Watch & Wait for support/resistance to be confirmed before entry.
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On occasion you may have to actually enter on the Res/Sup Intra-Day Signal
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if Support/Resistance is confirmed but neither
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the ("Breakout/Breakdown nor the "Intra-Day Trigger") is triggered.
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Regardless of which one is filled first (I.e. the "Breakout/Breakdown" or "Intra-day Trigger")
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you may use the opposite order as your profit target and/or stop and reverse in certain
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market conditions.
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*NOTE: ALWAYS trade in the direction of the TREND.
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If the "Breakout/Breakdown" or "Intra-Day Trigger" are triggered then use the other
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"trigger" as your profit target exit , Stop-Loss and/or Stop & Reverse.
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*Res/Sup Intra-Day:
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This is your secondary signal. Look for this signal in the "Res/Sup Intra-Day" section of the MATRIX. |
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Also see rules under the "Momentum" section.
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*Volatility Channel Break-Out System:
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This is your primary signal. |
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These days are less common but have a very high accuracy rate and are major trade signals.
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These types of breakout/breakdowns tend to be very powerful moves
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and are typical within the current market trend.
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Usually, they occur while in a brief consolidation within the current trend
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after a strong move (but not always).
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Look for this signal in the "Breakout/Intra-Day" section of the report.
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A neutral reading means that trades above the Breakout Trigger = long entries
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and trades below the Intra-Day trigger = short entries.
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During a "Neutral" reading on an Intraday basis
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You will have to wait and watch for prices to retreat back
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into the VCB price channel to confirm your entry point.
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TRENDING DAYS:
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In an uptrend you are looking for either "BUY" in an uptrending market
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and a "SELL" signal in a falling mkt..
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In an uptrend you will want to buy both the Breakout buy trigger & the quick long trigger.
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with the quick long trigger being the best possible entry
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and the Breakout being the secondary entry point.
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Likewise in a downtrend you will want to sell both the Breakdownt & the quick short trigger.
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with the quick short trigger being the best possible entry
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and the Breakdown being the secondary entry point.
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*GAP MOVE ON THE OPEN:
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NOTE: If opening prices collapse below the "Intra-Day SUPPORT" then use this |
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level to catch the reversal on the "long" side. Likewise if opening prices rally
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above the "Intra-Day RESISTANCE then use this level to catch the
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reversal on the "short" side.
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*TRADE ENTRY & EXIT RULES:
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Wait until after 9:30am EST before trade entry. |
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Cancel order if not filled by 11:30am EST.
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There are always exceptions to this rule.
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Rules are ment to be a guide and are not set in stone.
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You must learn to use some discretion in your trading.
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Even if "both" the Momentum AND the Breakout/Intra-Day signals
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are triggered you must decide which one to follow.
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It is always a good rule of thumb to follow the
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primary Breakout and Intra-Day Swing Trade signals.
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HOW TO TRADE THE "GAP":
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In a Bullish 40-Day Trend Do Not place the buy stop-limit order if after the open the market |
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is trading above Intra-Day Resistance and or yesterday's High.
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In a Bearish 40-Day Trend Do Not place the sell stop-limit order if after the open the market
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is trading below Intra-day Support and or yesterday's Low.
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It is ALWAYS better to refer to the intra-day 60-min & 5-min charts for a possible
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2 Bar Charlie & trend reversal signals before placing the trade when trading or fading the GAP.
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The system is on the sidelines unless the entry point is triggered.
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*Stop-Loss/Profit Targets:
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The profit target is to be used as a guide to either move your stop-loss to breakeven |
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or take profit in uncertain market conditions
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You may also use the profit target if you don't have the time to watch the market
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and would like to take quick profits.
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On "ALL" Single Stock Index Futures AND Commodity Futures trades use a 1.25 - 3.25 initial stop-loss
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with a .20-1.25 initial profit target.
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(You can use the initial profit target as
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your signal to move your stop-loss to break-even
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and use it as a "trailing stop" or you can get out and take profit at this point)
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On "ALL" E-mini S&P 500 Stock Index Futures "SWING" trades use a 7.25 initial stop-loss
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with a 3.00 point initial profit target. Use an initial 2.00 - 3.00 point stoploss on daytrades.
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(You can use the initial profit target as your signal to move your stop-loss to break-even
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and use it as a "trailing stop" or you can get out and take profit at this point)
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On "ALL" E-mini NASDAQ 100 Stock Index Futures "SWING" trades use an initial 18.50 stop-loss
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with a 7.50 point initial profit target. Use an initial 7.00 - 10.00 point stoploss on daytrades.
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(You can use the initial profit target as your signal to move your stop-loss to break-even
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and use it as a "trailing stop" or you can get out and take profit at this point)
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REMINDER
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Kindly note that do to changing market conditions the above commentary and its precise entry
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and exit points, stop-loss levels and positions could change without notice. Positions also
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could be liquidated, and/or new positions added without notice.
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If you have any questions please feel free to contact me: Email: pulsescan72@gmail.com
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