READING MRI 3D CHARTS: Index of abbreviations and terms

MARKET and Trading Month SYMBOLS:

Throughout the site MRI 3D logic is annotated on CQG (Commodity Quote Graphics) charts, displayed using 3 letter symbols such as CLE, EU6, GCE, USA, etc. These are the electronic markets. we trade. (Their old pit markets symbols are in 2 letters.)

MRI 3D Reports however uses the common 2 letter symbols, such as CL, EU, GC, US, etc. These are followed by the trading month and year. CLZ 17, EUZ 17, GCZ 17, USZ 17, etc.

In our reports these symbols are also followed by the current day’s (electronic market suspension price).  CLZ 17 (51.74),  EUZ 17 (112.235), GCZ 17 (1255.7), USZ 17 (154-00), etc.  

 

MARKET SYMBOLS USED:             TRADING MONTHS KEY:

CCE or CC:    COCOA                                           H:MAR            K: MAY            N:JUL               U:SEP                          Z:DEC

CLE or CL:    CRUDE OIL                F:JAN  G:FEB  H:MAR  J:APR  K:MAY  M:JUN  N:JUL  Q: AUG  U:SEP  V:OCT  X:NOV   Z:DEC

DXE or DX:   DOLLAR INDEX                               H:MAR                        M:JUN                         U:SEP                         Z:DEC

EU6 or EU:    EURO CURRENCY                           H:MAR                        M:JUN                         U:SEP                          Z:DEC

GCE or GC:    GOLD                                  G:FEB              J:APR              M:JUN            Q:AUG                                      Z:DEC

GLD:             GOLD ETF

SIE or SI:     SILVER                                           H:MAR            K:MAY             N:JUL               U:SEP                         Z:DEC

TBF:             10 TEAR NOTES (INVERSE) ETF

TBT:             10 YEAR NOTES (INVERSE) ETF

TYA or TY:    10 YEAR NOTES                              H:MAR                        M:JUN                         U:SEP                         Z:DEC

UGLD:          3X GOLD ETF

ULA or UB:   ULTRA BOND                                   H:MAR                       M:JUN                          U:SEP                         Z:DEC

USA or US:   30 YEAR  T-BONDS                          H:MAR                       M:JUN                          U:SEP                         Z:DEC

USLV:          3X SILVER ETF

YG:              MINI GOLD                        G:FEB                  J:APR            M:JUN            Q:AUG                                      Z:DEC

YI:               MINI SILVER (ILLIQUID)                 H:MAR            K:MAY             N:JUL                U:SEP                         Z:DEC

ZLE or ZL:    SOYBEAN OIL            F:JAN             H:MAR            K:MAY             N:JUL  Q:AUG    U:SEP  V: OCT             Z:DEC


 

4 CHART FRAME DERIVED SIGNAL ABBREVIATIONS:          RATIO SIGNALS    OR    EXTENSION SIGNALS  

  1. ARITHMETIC BAR CHART FRAME :                       AR          e.g.  AR 0.50         or          1.00 AR  EXT                    

2. ARITHMETIC CLOSING LINE CHART FRAME:         ACL         e.g.  ACL 3/8         or          2.618 ACL EXT 

3. LOGARITHMIC BAR CHART FRAME:                       LOG         e.g.  LOG 0.272     or          1.00 LOG EXT

4. LOGARITHMIC CLOSING LINE CHART FRAME:      LCL          e.g.  LCL 0.786      or          3.618 LCL EXT 


 

“lower b” and “higher b”:  Quite often after “C WAVE” completions, whether “SHORT C” (< 0.786 x “A”) or normal “C” (> 0.786 x “A”), the market will set ONE FINAL NEW LOW, (labeled as a “lower b”) or set ONE FINAL NEW HIGH (labeled as a “higher b”).  It is often noticeable these “lower b”/”higher b” DO NOT visually appear to belong to the previous completed “C WAVE”.  These “lower b”/”higher b” will often be EXCLUDED from subsequent RATIO and EXTENSION measurement and produce signals labeled as follows:  WAVE AR, WAVE ACL, WAVE LOG and WAVE LCL.  Whenever it isn’t clear MRI 3D measures BOTH retracements: INCLUDING and EXCLUDING suspected “lower b” or suspected “higher b” and labeled with ?.

FILTERING OUT ONE “lower b” or “higher b” in SIGNALS IN ALL 4 CHART FRAMES:

WAVE ARITHMETIC BAR:                                WAVE  AR            e.g.  WAVE AR  0.50      or  1.00 W AR EXT

WAVE ARITHMETIC CLOSING LINE:                WAVE ACL            e.g.  WAVE ACL 3/8      or   2.618 W ACL EXT

WAVE LOGARITHMIC BAR:                             WAVE LOG           e.g.  W LOG 0.272         or   1.00 WAVE LOG EXT 

WAVE LOGARITHMIC CLOSING LINE:              WAVE LCL            e.g.  WAVE LCL 0.786   or   3.618 WAVE LCL EXT

NOTE: In the RARE instances when 2 waves are EXCLUDED: These may ONLY occur WITHIN the 2 BAR CHART FRAMES in RATIO SIGNALS (0.272-0.786/NOT EXTENSIONS): WHEN FILTERING OUT A TOTAL OF TWO “b’s: ONE “lower b” AND ONE “higher b” OR VICE VERSA ONE “higher b” AND ONE “lower b”, they are labeled: 2 WAVE AR,  2 WAVE LOG- NEVER IN ACL, LCL

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“SHORT C” : WHEN THE “C” WAVE ABNORMALLY SHORT,  “IN A HURRY” TO COMPLETE = < 0.786 X LENGTH OF “A” WAVE.  WHEN “SHORT C” WAVES PRESENT IT IS INVALID TO RETRACE ALL 3 WAVES “A TO C”.  ONLY THE “SHORT C” MAY BE RETRACED- UNTIL “B” IS EXCEEDED.  GENERALLY YOU WON’T FIND “SHORT C’s” LABELED, UNLESS THEY ARE TOO LONG TO BE A “LOWER B” OR HIGHER B”.

NORMAL to STRONG “C WAVES” EXCEED > 1.00 X LENGTH OF “1ST A WAVES”.  WHEN SUCH STRONG “C WAVES” PRESENT IT IS INVALID TO RETRACE ONLY THE STRONG “C WAVE”, UNTIL IT EXCEEDS THE “A WAVE” BY 1.272.  A FINITE EXTENSION VALUE IS ESTIMATED to be 1.618 to 1.786.  IT IS DEPENDANT ON DIFFERENT FACTORS INCLUDING LENGTH OF MOVE IN TIME and whether UNDERLYING “WAVE STRUCTURE” is TAKING ON 5 WAVE CHARACTERISTICS.  THIS IS AN INTERESTING challenging TOPIC, WITHIN MRI 3D.

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TRIGGERED SIGNALS ALWAYS CONTAIN THE CQG ANNOTATED DATE AT THE BOTTOM OF THE CHART.  THESE SIGNALS ARE FURTHER ANNOTATED BY MRI AS TO CHART FRAME, SIGNAL TYPE AND TIME FRAME.

SIGNAL SET UPs ARE ANNOTATED as such and DO NOT contain the CQG ANNOTATED DATE, rather just a thin vertical line.

AN ABUNDANCE OF MRI 3D SIGNALS ARE ANNOTATED WITHIN THE MANY CHARTS DISPLAYED THROUGHOUT THE MRI WEBSITE.


 

5 TIME FRAME ABBREVIATIONS: 

ADC:                  ACTIVE DAILY CONTINUATION                        written e.g. as:          JUN14           or        NOV28

AM:                    ACTIVE MONTHLY CONTINUATION                  written e.g. as:          JUN’88           or        JAN 2016

AQ:                    ACTIVE QUARTERLY CONTINUATION               written e.g. as:          1Q’78            or         2Q’ 2015

AW:                   ACTIVE WEEKLY CONTINUATION                     written e.g. as:          23 AUG         or          05 SEP

AY:                    ACTIVE YEARLY CONTINUATION                      written e.g. as:          1976             or          2011

Y:                      (NEAREST FUTURES ONLY) CONTINUATION              ”                        1968             or          2015

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ORDER TYPES used:  99 % of our members already know these orders well.  All of us were “newbies” at some point.

MKT             = Market order             Market orders BUY the prevailing OFFER or SELL the next prevailing bid.  This order receives a filled price, as long as the market is open and trading.   NOTE: IF posted before the 5pmC/6pm OPEN the MKT orders are placed before or right around the OPEN, to be filled right around the OPEN PRINT.

LMT              = Limit order to a specified price.     Limits may or may not get a fill merely touching the price, but in liquid markets often do.  Obviously, to be sure the markets must trade through the LMT to get a fill, under all but the most arcane circumstances.

The MRI 3D Report may state a LMT BUY a little bit ABOVE the current price traded OR LMT SELL a little bit BELOW the current price traded, when posted, to give everyone some extra time to be filled.  When using a LMT, if the market is trading at a more favorable BID/OFFER, you’ll hit that more favorable Bid/Ask. For example, when you place BUY 1 SIZ 17 18.180 LMT and at that moment SILVER is 15 BID at 16 OFFERED, 2 x 6. (2 contracts are BID at 18.150 and 6 contracts are OFFERED at 18.160)- you’ll pay 18.160 for 1.  Vice versa, if you place SELL 1 SIZ 17 18.140 LMT- you’ll receive 18.150 on 1.

STOP LMT      = Limit price is specified, if STOP is elected.  MRI doesn’t use these on EXITs because of their limitation. (no pun)

GTC STOP     = GOOD till cancelled STOP.  MRI uses it with every STOP to EXIT our position. Once the market trades to the STOP it becomes a MKT order.  *NEVER leave old GTC STOPS working, if originally they were protecting an OPEN trade that since has been closed out some other way.  I’m good at reminding.

STOP            = Day order, expires on (new) trading day’s electronic suspension, the following day. Used on most ENTRIES, that should fill by the suspension of the new session. IF NOT FILLED by then, I remind to CXL GTC STOP.

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CONTINGENCY ORDERS:  Occasionally, we use them, usually to our advantage.  We like them especially if the market might make a meaningful move through a specific PRICE area.  Whenever we do use them, if filled before our 9:30pm C/10:30pm E cutoff, we will post an update.

Contingency orders are written as 2 separate orders.  The 2ND order is CONTINGENT on the 1ST order being elected, resulting in a filled price.

Here’s how they look:

CONTINGENCY-  In the following Market  Place __________ BUY STOP– IF FILLED place _________ SELL STOP GTC

or vice versa:       In the following Market  Place __________ SELL STOP– IF FILLED place ________  BUY STOP GTC

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FAILED SIGNAL ANNOTATION:  ALL SIGNALS, (VALID AND INVALID) FAILING TO TURN WITHIN THEIR FAILURE PARAMETERS OR TURNING AT FIRST BUT ULTIMATELY FAILING TO SET A HIGHER HIGH IN BUYS/FAILING TO SET A LOWER LOW IN SELLS: ARE ANNOTATED IN PARENTHESIS ALONG WITH THEIR RETRACEMENT OR EXTENTION, e.g. (AR 0.50), (ACL  3/8), (LOG 0.786), (2.618 LCL EXT)

FAILURE PARAMETERS OF RATIOs, DEPEND ON DISTANCES TRAVELLED: 0.272/(0.28), 3/8=0.375/(0.38), 0.382/(0.387-0.39), 0.50/(0.505 up to 0.51), 0.618/(0.623), 5/8=0.625/(0.63), 11/16=0.687/(0.690-0.691), 0.786/(0.796) NOTE: The FAIL POINT IS TIGHTER IN LARGE MOVES.

FAILURE PARAMETERS OF EXTENSIONS: 0.786/(0.796), 1.00/(1.01), 2.618/(2.64), 3.618/(3.64)

For further discussion of ratio’s and extensions SEE the article PRICE- The YIN YANG SYNERGY OF THE FIBONACCI SPIRAL AND SACRED GEOMETRY.

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INVALID SIGNALS:

* Asterix next to a labeled/annotated signal implies an INVALID signal.

EXAMPLE:  SELL signal occurs, when an *OUTSIDE BULLISH ENGULFING KEY REVERSAL is present.

EXAMPLE:   BUY signal occurs, when an *OUTSIDE BEARISH ENGULFING KEY REVERSAL is present.

EXAMPLE: Market presents a BUY or SELL signal AND a *”SHALLOW BREAKOUT and or 1ST BREAKOUT” occurs in signal   simultaneously.  IN BAR CHART FRAMES AR and LOG, WHEN A SIGNAL PRESENTS IN A (1ST ONLY) BAR WHERE A “SHALLOW BREAKOUT” OR “SHALLOW BREAKDOWN” OCCURS THIS WOULD BE INVALID.  LOGICALLY WHY?  AS TRADERS REGISTER THIS 1ST NEW HIGH BREAKOUT OR 1ST NEW LOW BREAKDOWN THERE IS USUALLY FOLLOW THRU INTO THE NEXT BAR, WHEN WE IDEALLY WANT TO SEE ANOTHER RATIO.  ABBREVIATION FOR “SHALLOW/1ST BREAKOUT or SHALLOW/1ST BREAKDOWN” IS: “SB”.    EXCEPTION: WHEN AR/LOG EXTENSION SIGNALS 1.00, 2.618 & 3.618 ARE PRESENT.

When signals are deemed to be invalid in presenting any of the above parameters, the underlying bar charts ARE NOT labeled with a time frame, e.g.  4Q’15,  DEC ’15,  WKLY 02 SEP,  AUG19, etc.

NOTE: When SELLING SHORT we must see market close in UPPER 0.382 of RANGE. When BUYING LONG we must see market close in LOWER 0.382 of RANGE. The exceptions to this rule would be a clearly smaller than typical range, noticeable without guessing. If you have to guess, then it’s not small enough of a range.

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When a ratio signal presents e.g. a 3/8 BUY and the market ultimately fails to set a NEW HIGH ABOVE it’s retraced high it is labeled as (3/8).  This does not imply the trade wasn’t profitable if the ultimate low remained intact down through 0.382 to > 39 % FAIL POINT.  EXCEPTION would be in very large retracements over 1 year in duration, where > 38 % is problematic, in missing the next ratio 0.382.  

When a ratio signal presents e.g. a 3/8 SELL and the market ultimately fails to set a NEW LOW BELOW it’s retraced low, it is labeled as (3/8).  This does not imply the trade wasn’t profitable if the ultimate high remained intact up through 0.382 to > 39 % FAIL POINT.  EXCEPTION would be in very large retracements over 1 year in duration, where > 38 % is problematic, in missing the next ratio 0.382.

When a ratio signal presents e.g. a 0.618 BUY and the market ultimately fails to set a NEW HIGH ABOVE it’s retraced high it is labeled as (0.618). This does not imply the trade wasn’t profitable if the ultimate low remained intact down through 5/8 to > 63 % FAIL POINT.  EXCEPTION would be in very large retracements over 1 year in duration, where > 62.3 % is problematic, in missing the next ratio 0.382.  

When a ratio signal presents e.g. a 0.618 SELL and the market ultimately fails to set a NEW LOW BELOW it’s retraced low it is labeled as (0.618).  This does not imply the trade wasn’t profitable if the ultimate high remained intact up through 5/8 to > 63 % FAIL POINT.  EXCEPTION would be in very large retracements over 1 year in duration, where > 62.3 % is problematic, in missing the next ratio 0.382.

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DZ = “the Death Zone”, is the 0.50 (4/8) to 0.625 (5/8) retracement zone, often where bull and bear market corrections stall out and usually resume their (former) direction with renewed vigor.

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4 CHART EXAMPLEs ZOOMING IN: GOLD FUTURES, ACTIVE WEEKLY (AW):