![]() The first step in attaining the insights you need is to start from the top and look down. So how can a digital approach to reliability help? The potentially catastrophic gaps in monitoring that occur by using a siloed reliability strategy expose your plants to significant financial and environmental risks and fall far short of your goals for modern industry maintenance to move from reactive to proactive to predictive. Relying on outdated, time-based maintenance or condition monitoring of only what are deemed “critical assets” is inconsistent, fractional, and unreliable at best. Knowledge gained by one site does not translate into improvements at other sites.Īs a reliability professional with responsibilities for overseeing uptime and productivity increases, you see the benefits of transitioning to a digital approach to understanding your machinery health at the site-level, but also across your entire enterprise. Due to a disconnected, siloed infrastructure, your machinery data may exist, but may only be accessed and shared at the site-level.Due to the lack of a truly plant-wide view of operations, you and your team are unable to perform efficient, accurate Root-Cause Failure Analysis (RCFA) when an asset does fail - basically you’re left to sort through the aftermath to figure out what happens, or just replace and hope it doesn’t happen again.Outdated maintenance techniques can result in misdiagnosis, unnecessary maintenance, unplanned machine failures, or even total losses.Your machinery can be exposed to less experienced reliability professionals and thus greater risks.Experts are decreasing in numbers, with many approaching retirement.This results in longer downtime windows and costs associated with travel.Expert personnel may be centralized and not available at every plant location.Various operations are fragmented across the plant.Now more than ever, streamlined solutions can ensure greater degrees of reliability and efficiency. We spoke earlier of the challenges facing machinery operators around the world. In this article, we’ll take a look at some of the challenges you are currently facing, and how Bently Nevada’s System 1 condition-based monitoring platform can help your organization from a holistic perspective.įirst, let’s identify some of the underlying issues facing many plant operators around the globe. Industrial Operators and Plant Managers must leverage these new technologies while adapting their current machinery monitoring methodologies. ![]() ![]() With downstream and external pressures increasingly exercising their influence over how you manage your enterprise’s fleet of machinery, how do you adapt to these new influences? How do they present new challenges to you as a plant operator? And most importantly of all, how can you meet these challenges head-on and succeed in attaining new levels of operational efficiency, safety, and improved return on investment?Īs we witness more and more machinery-dependent industries adopt a digital approach to their condition monitoring, there are new hurdles emerging in the undertaking of a digitally-based program that present themselves. In these truly extraordinary times, we are seeing that now more than ever, any and all means by which operational efficiency can be attained are opportunities worth investigating. ![]()
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ACTIVE GYMS filled with top-of-the-range Technogym equipment (official equipment supplier to 6 Olympic Games). ![]() ![]() ![]() Unfilled Gap=Strength-ANOTHER unfilled gap….STRENGTH. ![]() This was a clue of a potential breakaway beginning. Unfilled Gap=Strength-In a weak or chop market gaps fill. However, many other names held up well this day and provided clues as to what was to come. Up until this point in the rally the majority of the gains were being driven by Big Cap Tech. Light volume shakeout to the 10 day moving average. The bears needed to do much more to overcome the foundation the bulls had already set. We remained above the 5 day moving average though. I sold out some of my positions out of caution. In addition to being a bullish counter-attack this was also a bullish engulfing showing signs of strong demand.ġ95 Min Change of Character - I wrote about this in my 3/15 substack if want to review it but below is a screenshot:įed Day Stress Test-The market sold hard the day of the Fed. However, bulls held the gap up day low and pushed the market all the way positive. This was an opportunity for the bears to distribute the market and put a lid on the rally attempt. After our first two clues, the market gapped down pretty substantially. This setup is not exactly how he describes it but is along the same lines. When the market proceeds to move in the direction of that gap it is a meaningful sign.īullish Counter-Attack Bar -On of Steve Bison’s book “Japanese Candlestick Charting Techniques” he goes over this pattern. I am a big believer that unfilled gaps are a sign people are caught off sides. ![]() Unfilled Gap =Strength-On day 2 we saw a gap higher that more or less held the morning low and showed strength all day. Most likely there was a combination of all three. This all occurred on heavy volume signifying that long traders were stopped out on the undercut, short traders were trapped, or new long traders stepped in. Additionally, the bar it undercut was the 3/2 bullish engulfing bar, that itself, was a minor 2B Reversal. This occurred right around the 200SMA and the 50SMA. But this is essentially and undercut of a previous low that is then recaptured. 2B Reversal -You can learn about this pattern in Victor Sperandeo’s book “Trader Vic II” among other valuable tools. ![]() |