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any chance of getting a

Posted by dakotadj on 26th of Mar 2020 at 04:01 pm

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

Update: Update: SPX 5 min

SPX 5 min

Posted by matt on 26th of Mar 2020 at 03:53 pm

$SPX - Chart Link - MY God that was a 50 point on that 5 min candle

Update: Update: SPX 5 min

SPX 5 min

Posted by matt on 26th of Mar 2020 at 03:49 pm

$SPX - Chart Link - had to re draw it a couple times, broke out

What is the equivalent stop on SPY Matt? Thanks!

beautiful example of 15 min SSO using a trend type system

Posted by matt on 26th of Mar 2020 at 03:39 pm

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 green. 

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

Update: SPX 5 min

SPX 5 min

Posted by matt on 26th of Mar 2020 at 03:26 pm

$SPX - Chart Link - super tight coil here end of day on the 5 min

short es

Posted by law6 on 26th of Mar 2020 at 02:22 pm

short

es

I'm now short ES mini

Posted by vinylchild on 26th of Mar 2020 at 01:57 pm

I'm now short ES mini mirco futures for a swing and a wing

Posted by stevieb294 on 26th of Mar 2020 at 01:15 pm

MATT your views always appreciated

SPX 15 min

Posted by nichi on 26th of Mar 2020 at 01:14 pm

MATT your views always appreciated like Tony Fauci

Big help. Thanks, Matt!

SPX 15 min

Posted by mdgfain on 26th of Mar 2020 at 01:10 pm

Big help. Thanks, Matt!

SPX 15 min

Posted by matt on 26th of Mar 2020 at 01:04 pm

$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 5 min

Posted by matt on 26th of Mar 2020 at 01:01 pm

$SPX - Chart Link - still looks okay for now, 60 Stochasic above 80 etc

FOR

Posted by matt on 26th of Mar 2020 at 01:00 pm

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.

SSO 30 and 15 min DVT trend follow up

Posted by matt on 26th of Mar 2020 at 12:02 pm

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

Posted by lsherrer on 26th of Mar 2020 at 11:58 am

Double bottom w/slight divergences on SQQQ.

Update: WOW follow up

WOW follow up

Posted by matt on 26th of Mar 2020 at 11:57 am

WOW - Chart Link - was a nice trade, achieved my minimum target of the 20 MA

That BPSPX trigger played out nicely

Posted by matt on 26th of Mar 2020 at 11:54 am

$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 trigger

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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