3309 Drysdale Ct
Edwardsville, IL 62025
any chance of getting a short from one of the systems here?
I'd say around 254. My Tradestation is currently locked up
- that 50 point move in the market caused it to freeze - too much
tick data coming at once, TS freezes. I'm sure it will
unfreeze once TS catches up.
but otherwise eyeballing the charts looks around 254 - 254.5
$SPX - Chart Link - MY God that was a 50
point on that 5 min candle
$SPX - Chart Link - had to re draw it a
couple times, broke out
What is the equivalent stop on SPY Matt? Thanks!
Updating this again at the close with the current chart. just a
gorgeous example, the gap over the ATR indicator on Tuesday morning
was enough to get you long, i.e. breakaway gap. Then immediately
you place a stop at that low where the fast BPT MA went red to
Then you simply move the stops up to each higher low. Now you
have 4 of them with the new one at 87.4 on SSO. On SPY would be
254.8, on SPX Index would be 2540
$SPX - Chart Link - super tight coil here
end of day on the 5 min
I'm now short ES mini mirco futures for a swing and a wing
MATT your views always appreciated like Tony Fauci
Big help. Thanks, Matt!
$SPX - Chart Link - kind of a wedge like
pattern forming, I drew the wedge loosely especially the lower
trendline as it would have been too steep, allows for more wiggle
room. Obviously not a sell signal yet however something to monitor
here going forward
$SPX - Chart Link - still looks okay for
now, 60 Stochasic above 80 etc
FOR - Chart Link - from last night still
looks okay here below resistance
Thanks Matt, Patiently watching , waiting and learning. Waiting
for mechanical systems but You have provided nice live trades.
Sometimes I feel I missed the boat but putting that aside.
Here's the 30 and 15 min charts of SSO with the DVT higher low
stops. As you can see the 15 min you had 3 higher low stops now,
81.4 is the current stop. On the 30 min you've had 2, the
current is the same price as the 81.4 on the 15 min
Double bottom w/slight divergences on
WOW - Chart Link - was a nice trade,
achieved my minimum target of the 20 MA
$BPSPX - Chart Linkfrom Tues morning. In the
future whenever we see 2 whipsaws in a row, I'll try to point that
out in real time as the next or 3rd trade is always a nice
again the reason for this as I've explained before is that the
renko prices are following natural wave structure. Your big trades
are waves 1, 3, 5 and also waves A and B at times, while your
whipsaw trades are wave 2's and 4's and B's which are consolidation
chop waves. Consolidation waves naturally follow trending
waves, which is why you rarely get 2 back to back winning trades
with a Renko trend chart. The only time that would occur would be
going from wave 5 to wave A
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