Now that same note as we talked about in previous video you should always look at

a larger timeframe
to get an idea of the trend that the time frame that you're currently trading in
supporter
So now let's go to our hourly chart first.
And at the top we're going to click on indicators we're going to type in a car we see
the parabolic
as they are here quick that close this box and we see the parabolic as they are as the
stock is moving
up.
You can see the dots are underneath of the price.
And then as there are pullbacks in the stock you'll see the dots shift to about the
price.
Since we know the stock is in a bullish pattern we're all going to be trading the long
side.
So if we start here on July 11th we'll have a buy signal as the dots go under the price
we get long
here when the dots shift here on July 16th to be above the price.
That's our stock.
So we will sell at that point.
We would have another buy indicator here and a sell.
We would make very much on that trade.
We wouldn't get back into the stock until here on July 19th when it enters another
uptrend and this
would be our stock at this point.
On July 26 be back out of the stock.
We wouldn't enter back into the stock until the thirty first.
We basically trade flat on this trade.
We stopped out here and our back on August 2nd.
We'd have a nice move to the upside here and so forth.
That's how the syndicator works on an hourly chart with Microsoft.
Again it's an indicator that you would preferably use in combination with other
indicators or with other
candlestick patterns.
So let's take a look at how it looks on another chart.
So let's say look at Johnson and Johnson which has been in a bullish trend for the
past few months.
Given our daily chart you know we'll be trading on an hourly basis but we're going to
start with a daily
chart where we see the uptrend here.