How to use this site, including ChartsEdge forecasts, etc.

Got this comment/question and it's great so let's address: "I'm new here can you please explain the chart ... is this a prediction and if so how does it account for overnight moves? sorry if this sounds silly". First, not silly and it's a great question.

The ChartsEdge forecasts come in 2 types: daily, and weekly. The daily ones are called "Market Maps" and show what the forecast tendency is for intraday action, NOT accounting for overnight moves. They are generated with a unique method, in my experience are often quite predictive, though not 100%. This is why I say, they're great but don't use them as a "set it and forget it" trading method. You can normally tell by about 10:30 am if they are working, and by about 11:30 am if they're working but with an upside or downside bias (meaning, the subsequent highs might be lower, OR the subsequent lows might be higher). Info on the daily maps is available at http://www.chartsedge.com/ and www.ChartsEdge.com/wp and that ChartsEdge.com site is always at the top of the "other sites of interest" I include at the right side of the page.

I've also placed info from ChartsEdge on how to use the daily map forecasts, at my "trading education" blogspot, http://www.nobullnobearnobias.blogspot.com/ (which link is also included in the welcome paragraph at right, and in the "other sites of interest" list (farther down the list) at the right side of the page.

Weekly cycle forecasts by ChartsEdge are generated with a different method (and I've also placed some of their basic info about that method, at the http://www.nobullnobearnobias.com/ site - and it's available of course at the ChartsEdge.com site too. The weekly cycle forecasts, like the daily ones, usually are quite predictive but not 100% which is why I always say, they're great but don't use them as a "set it and forget it" trading method.

There are a couple of other things I note, with the ChartsEdge weekly cycle forecasts:

1. They are part of a cycle forecasting method that looks ahead weeks and months.
2. The forecasts for the subsequent weeks and months can and do change from time to time - sometimes only gradually, other times significantly. (That's why I maintain a subscription so I can keep an eye on them, and gladly recommend my blogspot readers here do the same.) As Yoda said in "Star Wars" - "Always in motion, the future is!"
3. If they don't look like they are "working" then feel free to ignore them. Often they do, but not 100% - so don't get wedded to them (or anything else) and don't freeze up (but DO remember your trading time frame).
4. They are not the only method to use. I like to fold them in with all the other trading approaches and techniques - it gives me a better comfort level.

At these 3 related blogspots - UnbiasedTrading.blogspot.com, UBTNB3.blogspot.com, and nobullnobearnobias.com - I pull together my own insights, such as they are (the best I can do, for what it's worth), and those of others whom I've grown to appreciate. That's why you will find my comments and charts, along with ChartsEdge, quotes from Tony Caldaro's Objective Elliott Wave, the weekly updates from Andre Gratian, quotes from Todd Salamone and Rocky White of Schaeffers' Research, and other resources that help paint the picture for traders and investors of where the markets are and where they are most likely heading.

My personal focus is swing trading, although occasionally I will do shorter-term trades. This is why I normally don't comment on short-term (hourly chart) trading possibilities, unless I just happen to see something, or if I see a market reach a key level and I'm using the hourly short-term chart for a buy or sell. However - I am very aware that daytraders appreciate good information for intra-day trading, and the ChartsEdge daily maps are normally a great forecast for that. (Subject to my comments above, of course.)

When I say that ChartsEdge produces forecasts, think of it like the weather forecast. It will tell you what the "market weather" is looking like for the day. Some days, it's likely to just uptrend the whole day; or, to downtrend the whole day. More often, there are time periods during the day when there's forecast to be a high-spot turning point, a low-spot turning point, or combinations of those. It gives you a useful feel for likely strong and weak points during the market day.

I hope this information helps. Don't hesitate to comment and ask any additional questions, the whole point is to help rationalize and be successful in my own trading, and to do what I can to help others in the same way.