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MESA in Action

Once you have set up a page, chosen a prediction method, and decided whether youre going to look at an Equitick chart or a conventional bar chart, you are ready to put MESA to work finding trading opportunities.

The basic method of using MESA is a searching processlook at an instruments chart and MESA studies in different timebases, or different number of ticks per bar, until you spot indications of tradable cycling. Once you believe that a cycle exists at a certain wavelength, watch a MESA page showing the appropriate time- or tick-base until you can best take advantage of the cyclic activity to open a position, or close it.

MESAs studies work together to make a prediction, give you a sense of how reliable the prediction is under current market conditions, and pick the best entry and exit points for trading when cycling activity is confirmed. They also indicate when cycling activity is likely to give way to trending and when trending is likely to give way to cycling.

Topics:

Identifying Trading Opportunities

Measuring the Dominant Cycle

Identifying Entries, Exits and Stops

Checking Other Bases and Other Instruments

Summary