Additional Considerations and Best Practices for GMW
The GMWGMW. One of four core Socrates Platform models. This pattern recognition model provides an objective computer analysis of all covered markets based on technical price movement, to provide a visual of what is unfolding on a global basis. is a computer model that generates analysis and information that are generally available to a broad audience and are not designed to be used independently to determine a specific financial investment, trade decision, or strategy.
The GMW is a dynamic model that updates information on a regular basis. For example, if you were looking at a weekly time levelOne of the five key viewpoints of time into which analysis is divided: daily, weekly, monthly, quarterly, and yearly. Also called a time frame., the color and comment may change from the opening of that week to the end of that week, just as the price action of the covered market may change as the week progresses.
Don't just research GMW in Markets Activity, which shows in-progress pattern recognition that is continuously updated and subject to change as the week, month, quarter, or year progresses. Use the Market Details to research prior time periods that have already closed for a specific covered market.
Focus on monthly, quarterly, and yearly periods because they are less choppy and less prone to false moves and inconsistent activity.
Watch for blue and yellow, which are the key colors.
Consider using an alignment approach when reviewing the GMW. Look for similar colors and comments across different time levels, with an emphasis on the longer time levels (that is, first yearly, then quarterly, then monthly).
Keep in mind that the GMW is dynamic, but when patterns line up, research the corresponding price charts to visualize the price pattern and study the Indicating Ranges.
If they are available at your membership level, research the arrays to consider cyclical timing considerations, along with reversals to consider price points and ranges of interest.
Use the GMW in combination with other information, data points, and studies.
Covered markets with longer trading histories have more data, history, and time levels to analyze.
Do not try to pick the exact time and price point of a given market's highest high or lowest low.
- No model or person can do this with any degree of consistency.
- Determine the right investment or trade opportunity for your circumstances based on your own budget, comfort level, experience, expertise, objectives, research, and risk management considerations.
- Every financial investment or trade involves the risk of financial loss. Give serious consideration to where to invest, and then manage your investments accordingly.
- Work with your own independent, qualified, financial service professionals.