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 process
look 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.
MESA
s 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