Markets are fluid and subject to change as we all know - key is
to establish a methodology that fits with your beliefs. You
can also incorporate a hybrid approach with your portfolio by
position investing certain funds for longer term (accepting
volatility until EVIDENCE changes) and dedicating other funds to
short term trading. Those are decisions for each individual.
If you have yet to formalize an investing/trading approach
please take some time to formalize a template - you can always
adjust but it's best to have something in place. From there,
you should formulate a PLAN that entails your objectives.
Once a plan is in place, then you can refine down to which
specific securities you want to invest and/or trade. This is
a TOP DOWN approach that should be enacted PRIOR to looking for
trades. Just like a Football team(or any sports team) - the
General manager has a vision/approach on how he/she wants to build
a team. Then he/she hires a coach to devise a scheme around those
players to maximize their talents. Next, the coach puts
into place a weekly game plan (making necessary adjustments) before
finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a
consultant/assistant coach who helps to make your job easier
along the way. We provide daily analysis of several markets
which helps to provide some guidance as to how we see things.
We also spend a considerable amount of time providing tips
and educational examples to help execute you plan. Think of
the DVT approach for swing trades and the nightly discussion of
charts involving patterns and candlesticks, etc. We
also scan for and offer trade suggestions (ideas) that we believe
are valid setups and we take time to review the triggered setups in
the following days. Partake in only the ideas that fit into
your plan and simply ignore ones that don't. Finally, we
spend time posting relevant comments and numerous charts every day
in the trading community relating to what transpiring during that
trading session and updating trade ideas.
I'm not big on the sold narratives or reasons for why things did
this or that on a certain day either. Whoever is running the market
show, algos, I call them "Oz" ultimately knows where it is going
and takes it there, I just buy or sell based on prices. A lot less
headache.
I don't have any emotional attachment and that enables me to
operate day to day easily in accordance with my plan. I also don't
watch all the ticks, I've found it to not be good for my health or
outlook on life. Checking how things look on the close is often
enough for me to see if any adjustments need to be made or not. To
each is own. I've learned to be me because that is the only person
I can be.
not sure what you are asking - here's an image of the KISS
charts with the cycles and ATR's etc - we'll probably see a cycle
support show up sometime on the 130 min and 1/2 day but not yet.
ATR was lost last week on the 60 min and 130 min, and this
morning lost on the 1/2 day. Still holding on the daily, getting
close at 4130 approx
Posted by DigiNomad on 22nd of Aug 2022 at 10:08 am
"ATR was lost last week on the 60 min and 130 min, and this
morning lost on the 1/2 day. Still holding on the daily" -
answered my question. That's what I thought but wasn't sure.
Thanks!
Posted by DigiNomad on 1st of Jul 2022 at 01:35 pm
Steve, agree completely. Just thinking that maybe SMH good for a
short term trade since the ribbons are so wide on most time frames
and we are sitting on major support (very very slightly below).
Looking for an entry with a stop at today's lows.
Nice call Steve, I'm perking up now for a long trade, looking
for entry in pieces. I usually don't get all my pieces, though that
is a good thing. Lets see.
ES has formed higher highs and higher lows so as stated uptrend
remains intact until that changes. Prior low on ES was 3757
so if broken then you have confirmation of a trend change.
Demand zone for ES 3813-3777 with Supply zone 3898-3928
Great letter and work here, I appreciate you Steve. If it isn't
too much trouble, would you mind adding the demand zone and supply
zone to the ES Levels daily sticky post? This information really
helps me with considering where I will trade.
3,797 fills a gap, only one after that is 3,583, the main one
that concerns me if Oz let it drop at some point. No idea on
timing, I think pressure to the upside is more likely in a range
for a bit as you pointed out in the newsletter.
on that Trading View Chart - you guys can link to your broker
like Interactive Brokers, and place trades directly on the chart -
have limit and stop orders in place waiting at important levels,
you can easily drag those orders up and down on the chart. If you
use Interactive Brokers like I do, their Excel-like interface sucks
for placing trades especially on futures - I always link my IB
directly to my Trading view.
also if you have a Tradestation account, you can link your TS
account to Trading view as well and execute your trades through
Trading View instead of through the TS software - the trades are
executed in your TS account. Why would you want to do this? I find
that Tradestation gets laggy and prone to freezing on fast days and
this can screw with your trading in fast environments - this
doesn't happen on Trading View
The wedge posted in chart 14 last night is close to breaking. It
had only 3 touches and not 5, so it should not. If it does break,
my target is near 3660. If it does not, I will do nothing and wait
for it to break. That is my plan. Feedback is welcome!
Posted by pintopower on 28th of Sep 2022 at 04:06 pm
It looks like to me on the hourly chart from the beginning of
September that the SPY is doing an ending diagonal down.
If my math is correct, it has four touches so far which would
indicate that perhaps one more low to about 356 or so. If it
does that then target on a breakout of the ending diagonal would be
approximately 381 ish.
Posted by pintopower on 28th of Sep 2022 at 04:52 pm
Just testing how to post a chart from Thinkorswim. Pink
lines are ending diagonal; yellow oval would be hypothetical 5th
touch and light blue lines would be the Target. Let's see if
this test works?!
Posted by makarolya on 27th of Sep 2022 at 01:09 pm
Hi, Steve! I took SSO for long trade per system signal yesterday
and day before, and now wondering - is there a stop loss you
recommend? Do you announce stop loss when trades goes in the red? I
am still new to trading systems and trying to learn the underwater
currents. Thanks
They don’t do stop losses. They have first, second, and third
entires ( occasionally) and they buy twice as much at second entry,
3x on third entry. Their system is very effective if you take all
of the trades, not so much if you just take the ones you want. Hope
that helps.
Updated levels above - the June-July trendline was lost late
yesterday after numerous tests and this has given way to additional
selling as one would expect.
Support zone 3853-63 (watching for a reaction here) then
3842
$NATGAS - Chart Link- at this rate Nat Gas will
soon get down to that next demand zone shown on the weekly chart,
remember this chart doesn't update until after the close
those are day trades folks are doing at ES resistance/support
levels - folks taking trades off those have to have their charts
setup and in front of them and ready to act - there's no time for
slow email alerts on something like that, especially a day trade,
that was a fast move
a 13 Demark yesterday, today you have a potential A (not
confirmed yet) and very wide MA ribbons, with negative divergence
on the MA ribbon 2nd derivative indicator
trying to get you guys to look for objective trade setups vs
being locked into a bull market or bear market market designations.
as traders our job is to look for objective trade setups with
very good risk/reward so that if we are wrong we don't lose much
and our winning gains far exceed losing trades when we get stopped
out, and also to look for setups that align with your trading plan
and personal style (relative to the time frame you like to trade).
Focus on objective setups and entries and no so much
bear/bull designations.
yeah well we said when it was near the 100 area to expect a 40 -
50 point rally at least for a wave 4 and wave 4 can go beyond that
as the low of wave 1 is 198 (wave 4 not invalidated until it
overlaps the low of wave 1). If it turns into something more than a
wave 4 then fine, but down there near when you had 5 completed
waves of at least a wave 3, it was very low risk and an easy
objective long. Now it's achieved my first major target of the 50
day MA, let's see what it does in here, but wave 4 (if it's that,
could still go quite a bit higher and not invalidate)
TSLA is also an example of both bull and bear counts aligning
for the same trade - under a bearish wave 4 it was calling for a
big rally. Under an arun bull market call it was calling for a big
rally.
my point is - when both scenarios call for the same thing, you
don't really need to be convinced of one side - you have a
super low risk trade no matter if you are super bullish or still a
bit bearish.
Top Down Approach Discussion and how to View BPT
Posted by steve on 13th of Jun 2020 at 01:48 pm
Markets are fluid and subject to change as we all know - key is to establish a methodology that fits with your beliefs. You can also incorporate a hybrid approach with your portfolio by position investing certain funds for longer term (accepting volatility until EVIDENCE changes) and dedicating other funds to short term trading. Those are decisions for each individual. If you have yet to formalize an investing/trading approach please take some time to formalize a template - you can always adjust but it's best to have something in place. From there, you should formulate a PLAN that entails your objectives. Once a plan is in place, then you can refine down to which specific securities you want to invest and/or trade. This is a TOP DOWN approach that should be enacted PRIOR to looking for trades. Just like a Football team(or any sports team) - the General manager has a vision/approach on how he/she wants to build a team. Then he/she hires a coach to devise a scheme around those players to maximize their talents. Next, the coach puts into place a weekly game plan (making necessary adjustments) before finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a consultant/assistant coach who helps to make your job easier along the way. We provide daily analysis of several markets which helps to provide some guidance as to how we see things. We also spend a considerable amount of time providing tips and educational examples to help execute you plan. Think of the DVT approach for swing trades and the nightly discussion of charts involving patterns and candlesticks, etc. We also scan for and offer trade suggestions (ideas) that we believe are valid setups and we take time to review the triggered setups in the following days. Partake in only the ideas that fit into your plan and simply ignore ones that don't. Finally, we spend time posting relevant comments and numerous charts every day in the trading community relating to what transpiring during that trading session and updating trade ideas.
Hi Steve - Who's the Nick/Nickikeak
Posted by jephrey on 31st of Oct 2022 at 12:13 am
Hi Steve -
Who's the Nick/Nickikeak to whom you're referring in tonight's news letter?
Jephrey...please take time to review
Posted by steve on 31st of Oct 2022 at 05:55 am
Jephrey...please take time to review ALL of my previous posts this weekend and that will answer your question.
Here you go - https://www.zerohedge.com/markets/did-nikileaks-just-kill-dovish-fed-narrative-he-launched
Posted by racerick on 31st of Oct 2022 at 12:49 am
Here you go - https://www.zerohedge.com/markets/did-nikileaks-just-kill-dovish-fed-narrative-he-launched
zerohedge.com
Did NikiLeaks Just Kill The Dovish Fed Narrative He Launched | ZeroHedge
Those who think the Fed would not dare crash the market 6 days before the midterms may want to reassess.
Re Some guy named Nick.
Posted by brophy on 31st of Oct 2022 at 09:18 am
Re Some guy named Nick. I never listen to rumors, no matter where they come from. There is nothing in any of the data ( or charts!) that says pivot.
I'm not big on the
Posted by fundamentalvalues on 31st of Oct 2022 at 09:28 am
I'm not big on the sold narratives or reasons for why things did this or that on a certain day either. Whoever is running the market show, algos, I call them "Oz" ultimately knows where it is going and takes it there, I just buy or sell based on prices. A lot less headache.
I don't have any emotional attachment and that enables me to operate day to day easily in accordance with my plan. I also don't watch all the ticks, I've found it to not be good for my health or outlook on life. Checking how things look on the close is often enough for me to see if any adjustments need to be made or not. To each is own. I've learned to be me because that is the only person I can be.
Thank you!
Posted by jephrey on 31st of Oct 2022 at 02:38 am
Thank you!
SPX Cycles - Do we
Posted by DigiNomad on 22nd of Aug 2022 at 09:55 am
SPX Cycles - Do we have a sell on all time frames except the daily now?
not sure what you are
Posted by matt on 22nd of Aug 2022 at 10:03 am
not sure what you are asking - here's an image of the KISS charts with the cycles and ATR's etc - we'll probably see a cycle support show up sometime on the 130 min and 1/2 day but not yet. ATR was lost last week on the 60 min and 130 min, and this morning lost on the 1/2 day. Still holding on the daily, getting close at 4130 approx
"ATR was lost last week
Posted by DigiNomad on 22nd of Aug 2022 at 10:08 am
"ATR was lost last week on the 60 min and 130 min, and this morning lost on the 1/2 day. Still holding on the daily" - answered my question. That's what I thought but wasn't sure. Thanks!
Trying to hold the S2
Posted by flredsox on 26th of Jul 2022 at 12:15 pm
Trying to hold the S2 Pivot, seems like a cat hanging on to the edge of a pool
Steve, agree completely. Just thinking
Posted by DigiNomad on 1st of Jul 2022 at 01:35 pm
Steve, agree completely. Just thinking that maybe SMH good for a short term trade since the ribbons are so wide on most time frames and we are sitting on major support (very very slightly below). Looking for an entry with a stop at today's lows.
Just hoping you caught those
Posted by steve on 1st of Jul 2022 at 01:41 pm
Just hoping you caught those AMD and NVDA shorts
yeah and I covered them
Posted by matt on 1st of Jul 2022 at 01:52 pm
yeah and I covered them again last night
why would the VIX not
Posted by Walt on 5th of May 2022 at 04:02 pm
why would the VIX not have reached 38-39 on a day like this?
Probably because of what Steve
Posted by rfa300 on 5th of May 2022 at 04:06 pm
Probably because of what Steve posted earlier. See below
maybe meaning a lot of
Posted by kevindeng0727 on 5th of May 2022 at 04:03 pm
maybe meaning a lot of room for it to run higher?
Thanks, Matt -- appreciate it.
Posted by mstaples37 on 25th of Oct 2021 at 05:05 pm
Thanks, Matt -- appreciate it. Looking forward to seeing those things you've been working on!
Steve, how does one access
Posted by bharvey96 on 30th of Sep 2020 at 01:35 pm
Steve, how does one access the "Ciovacco Historical Perspective Charts?" I would imagine you need to be a client?
He puts out a weekly
Posted by steve on 30th of Sep 2020 at 01:41 pm
He puts out a weekly video via Twitter on Friday Night
Hi Matt/steve, is today highly
Posted by kevindeng0727 on 16th of Jun 2020 at 09:18 am
Hi Matt/steve, is today highly likely to be a trend day?
ES 1/27
Posted by steve on 5th of Sep 2022 at 10:46 am
Upside: 4084 4105 4125 4133 4155 4168 4187
Downside: 4042 4032 4016 3995 3975-85 3956 3943
Pivot: 4060
ES 4084 then 4105 above
Posted by steve on 27th of Jan 2023 at 09:50 am
ES 4084 then 4105 above Support 4055-60
ES approaching next target posted
Posted by steve on 27th of Jan 2023 at 02:49 pm
ES approaching next target posted 4105
ES bounced near posted support
Posted by steve on 27th of Jan 2023 at 11:51 am
ES bounced near posted support
Nice smash down to the
Posted by steve on 26th of Jan 2023 at 11:02 am
Nice smash down to the ES pivot - hope I stopped you from chasing early today and locked down some profits
yes, captain! This market seems
Posted by junkie on 26th of Jan 2023 at 11:06 am
yes, captain! This market seems to be successfully navigated to fading openings into the close or into noon.
Yes thank you
Posted by srusso1 on 26th of Jan 2023 at 11:06 am
Yes thank you
ES 240 Supply 4070-4091 (4
Posted by steve on 26th of Jan 2023 at 08:47 am
ES 240 Supply 4070-4091 (4 hour chart) This is fresh supply updated
Demand 3946-3920 (if pullback unfolds)
ES Supply Zone (4 Hour)
Posted by steve on 26th of Jan 2023 at 02:08 pm
ES Supply Zone (4 Hour) still remains above at 4070-91 as a target zone
Yes - nice move up
Posted by steve on 26th of Jan 2023 at 03:28 pm
Yes - nice move up towards supply zone
ES 240 seeing a potential
Posted by steve on 26th of Jan 2023 at 09:20 am
ES 240 seeing a potential diagonal pattern 4035 3902 4056 3960 then xxx (supply is 4070-91)
Thanks Steve, held and added
Posted by retirefire on 26th of Jan 2023 at 09:50 am
Thanks Steve, held and added short up there 4065
ES 3995/4000 Key Support
Posted by steve on 24th of Jan 2023 at 10:11 am
ES 3995/4000 Key Support
ES next resistance 3960-75 zone
Posted by steve on 20th of Jan 2023 at 01:03 pm
ES next resistance 3960-75 zone
Posted by steve on 6th of Jan 2023 at 10:12 am
Looking at your mapping from
Posted by bpozdoll1717 on 6th of Jan 2023 at 10:39 am
Looking at your mapping from the newsletter projecting the market up first, then pullback to 3810, and then another rally. Boom! Nicely done.
Thanks but certainly not easy
Posted by steve on 6th of Jan 2023 at 10:41 am
Thanks but certainly not easy - market is so thin
https://www.tradingview.com/chart/XhdK9UKW/
Posted by matt on 6th of Jan 2023 at 10:14 am
https://www.tradingview.com/chart/XhdK9UKW/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
3880 once again has provided
Posted by steve on 6th of Jan 2023 at 09:13 am
3880 once again has provided some resistance on ES
Regarding the SPX = a 1:1 relationship for symmetry would be 3903 based upon overnight or slightly higher on cash regular session around 50% Fib
Nice fade off that resistance
Posted by steve on 6th of Jan 2023 at 09:45 am
Nice fade off that resistance 3880
Big overnight swings - with
Posted by steve on 3rd of Jan 2023 at 08:18 am
Big overnight swings - with ES testing several resistance zones overnight.
Support now 3874 3853-58
Overnite was crazy, that would
Posted by racerick on 3rd of Jan 2023 at 08:32 am
Overnite was crazy, that would have been a year's move 20 years ago
$VIX looks to open +7%
Posted by kevindeng0727 on 3rd of Jan 2023 at 08:22 am
$VIX looks to open +7% - not sure if I am seeing the correct number
VIX up 6.51% in TOS
Posted by EdZ on 3rd of Jan 2023 at 08:49 am
VIX up 6.51% in TOS
ES Support 3845-50 bulls need
Posted by steve on 30th of Dec 2022 at 09:18 am
ES Support 3845-50 bulls need to hold and get back above 3855 to target 3870-75 3895. Fails support then 3820 next support
ES levels sticky updated and
Posted by matt on 18th of Dec 2022 at 06:19 pm
ES levels sticky updated and Trading View chart
https://www.tradingview.com/chart/XhdK9UKW/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
The levels posted on ES
Posted by steve on 12th of Dec 2022 at 09:39 am
The levels posted on ES represent the March contract
thanks Steve, my apologies, thought
Posted by matt on 12th of Dec 2022 at 09:45 am
thanks Steve, my apologies, thought you had a typo. I got about an hr sleep so brain a bit slow
No problem - just wanted
Posted by steve on 12th of Dec 2022 at 09:45 am
No problem - just wanted to clarify for everyone
ES bounced off initial support
Posted by steve on 22nd of Nov 2022 at 08:47 am
ES bounced off initial support overnight at 3945
ES 3915 magnet
Posted by steve on 17th of Nov 2022 at 08:10 am
ES 3915 magnet
ES 3915 achieved - check
Posted by steve on 17th of Nov 2022 at 09:02 am
ES 3915 achieved - check that box (beauty)
Nice call Steve, I'm perking
Posted by fundamentalvalues on 17th of Nov 2022 at 09:03 am
Nice call Steve, I'm perking up now for a long trade, looking for entry in pieces. I usually don't get all my pieces, though that is a good thing. Lets see.
ES levels on chart https://www.tradingview.com/chart/XhdK9UKW/
Posted by matt on 14th of Nov 2022 at 09:09 am
ES levels on chart
https://www.tradingview.com/chart/XhdK9UKW/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
ES Resistance 4016-20 (next level
Posted by steve on 13th of Nov 2022 at 02:03 pm
ES Resistance 4016-20 (next level above Friday's highs)
ES Resistance 4016-20 (next level
Posted by steve on 14th of Nov 2022 at 03:16 pm
ES Resistance 4016-20 (next level above Friday's highs) - this was posted pre-market
Not bad IF anyone took ES from supply zone posted earlier today - BINGO
Tremendous fade out of that
Posted by steve on 14th of Nov 2022 at 03:34 pm
Tremendous fade out of that supply zone on ES
ES Supply Zone 3833-45 (rejected)
Posted by steve on 9th of Nov 2022 at 08:27 am
ES Supply Zone 3833-45 (rejected)
Reminder CPI tomorrow
Posted by steve on 9th of Nov 2022 at 08:45 am
Reminder CPI tomorrow
ES has formed higher highs
Posted by steve on 2nd of Nov 2022 at 08:59 am
ES has formed higher highs and higher lows so as stated uptrend remains intact until that changes. Prior low on ES was 3757 so if broken then you have confirmation of a trend change. Demand zone for ES 3813-3777 with Supply zone 3898-3928
FROM DEMAND TO SUPPLY -
Posted by steve on 2nd of Nov 2022 at 02:53 pm
FROM DEMAND TO SUPPLY - ALL POSTED IN ADVANCE
NOW Back to Lower Demand Zone
Great letter and work here,
Posted by fundamentalvalues on 2nd of Nov 2022 at 09:07 am
Great letter and work here, I appreciate you Steve. If it isn't too much trouble, would you mind adding the demand zone and supply zone to the ES Levels daily sticky post? This information really helps me with considering where I will trade.
Levels were updated previously (3940
Posted by steve on 1st of Nov 2022 at 08:35 am
Levels were updated previously (3940 starts next supply zone)
ES broke down from 3820
Posted by steve on 28th of Oct 2022 at 08:48 am
ES broke down from 3820 and that remains key resistance
Some Squeeze above 3820
Posted by steve on 28th of Oct 2022 at 09:32 am
Some Squeeze above 3820
Nearly 30 points from squeeze
Posted by steve on 28th of Oct 2022 at 09:43 am
Nearly 30 points from squeeze level - time for breakfast
3,797 fills a gap, only
Posted by fundamentalvalues on 28th of Oct 2022 at 08:51 am
3,797 fills a gap, only one after that is 3,583, the main one that concerns me if Oz let it drop at some point. No idea on timing, I think pressure to the upside is more likely in a range for a bit as you pointed out in the newsletter.
ES 3820 support tested twice
Posted by steve on 27th of Oct 2022 at 02:27 pm
ES 3820 support tested twice now
Defended, so far.
Posted by frtaylor on 27th of Oct 2022 at 03:02 pm
Defended, so far.
yep right on that area Trading
Posted by matt on 27th of Oct 2022 at 03:04 pm
yep right on that area
Trading View Chart
Hope it's thin ice
Posted by retirefire on 27th of Oct 2022 at 02:32 pm
Hope it's thin ice
ES 3866 resistance
Posted by steve on 27th of Oct 2022 at 09:41 am
ES 3866 resistance
Amazingly accurate on this morning
Posted by watcdy on 27th of Oct 2022 at 09:44 am
Amazingly accurate on this morning range so far — bravo 3868 on mes high
ES 3730 next level above
Posted by steve on 21st of Oct 2022 at 10:07 am
ES 3730 next level above
3730 achieved
Posted by steve on 21st of Oct 2022 at 12:08 pm
3730 achieved
I think stop loss orders
Posted by arun on 21st of Oct 2022 at 12:36 pm
I think stop loss orders will be at 3760 if u want liquidity today on Friday.
- Twitter post
here's the levels on ES
Posted by matt on 20th of Oct 2022 at 09:38 am
here's the levels on ES that we report daily on a chart of ES from Trading View
https://www.tradingview.com/chart/XhdK9UKW/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
I can't believe it took
Posted by donkeyface on 21st of Oct 2022 at 08:46 am
I can't believe it took me this long to find this
... but now I got it. Man tradingView just looks better than everything else.
Thanks for this... assuming this is updated almost everyday?
on that Trading View Chart
Posted by matt on 20th of Oct 2022 at 09:46 am
on that Trading View Chart - you guys can link to your broker like Interactive Brokers, and place trades directly on the chart - have limit and stop orders in place waiting at important levels, you can easily drag those orders up and down on the chart. If you use Interactive Brokers like I do, their Excel-like interface sucks for placing trades especially on futures - I always link my IB directly to my Trading view.
also if you have a Tradestation account, you can link your TS account to Trading view as well and execute your trades through Trading View instead of through the TS software - the trades are executed in your TS account. Why would you want to do this? I find that Tradestation gets laggy and prone to freezing on fast days and this can screw with your trading in fast environments - this doesn't happen on Trading View
Matt, I do not get
Posted by mundy on 20th of Oct 2022 at 02:54 pm
Matt, I do not get any levels when opening TradingView. I take it you have to subscribe to Tradingview?
Showing up very nicely now
Posted by mundy on 20th of Oct 2022 at 03:59 pm
Showing up very nicely now thanks Matt.
I'm sure you do
Posted by matt on 20th of Oct 2022 at 03:03 pm
I'm sure you do
WOW Thanks so much.. have
Posted by arun on 20th of Oct 2022 at 09:45 am
WOW Thanks so much.. have been waiting for this
no problem - I can
Posted by matt on 20th of Oct 2022 at 09:47 am
no problem - I can easily update that once a day, most of those levels don't change much
I took a small short
Posted by steve on 20th of Oct 2022 at 09:06 am
I took a small short near 3730 level and that was welcome news...what a mess
yeh I bought SPXS if
Posted by srusso1 on 20th of Oct 2022 at 09:41 am
yeh I bought SPXS if I'm wrong I can sit on it
ES now watching ES 3735
Posted by steve on 19th of Oct 2022 at 07:56 am
ES now watching ES 3735 topside
Great fade overnight posted a few hours ago from 3775 pivot shown in sticky post above which accelerated down after losing 3760
Quick 30 point fade from
Posted by steve on 19th of Oct 2022 at 09:50 am
Quick 30 point fade from ES 3735 level posted
so sell 3735 and buy
Posted by private on 19th of Oct 2022 at 08:39 am
so sell 3735 and buy 3660 to cover on ES?
Roy - I will list
Posted by steve on 19th of Oct 2022 at 08:42 am
Roy - I will list the key pivot levels. You can choose to implement into your futures trading or not. Focus on YOUR PLAN
The wedge posted in chart
Posted by private on 19th of Oct 2022 at 08:58 am
The wedge posted in chart 14 last night is close to breaking. It had only 3 touches and not 5, so it should not. If it does break, my target is near 3660. If it does not, I will do nothing and wait for it to break. That is my plan. Feedback is welcome!
ES 3775 reached
Posted by steve on 18th of Oct 2022 at 08:47 am
ES 3775 reached
ES Support 3660 Resistance 3710-14
Posted by steve on 13th of Oct 2022 at 07:59 pm
ES Support 3660 Resistance 3710-14
Nice trading on those pivots
Posted by steve on 14th of Oct 2022 at 08:17 am
Nice trading on those pivots overnight - johnny and Kobie should have cleaned up
Thanks Steve. Hope you killed
Posted by johnny2012 on 14th of Oct 2022 at 08:26 am
Thanks Steve. Hope you killed it as well!
Steve $$$
Posted by kobie on 14th of Oct 2022 at 08:19 am
Steve $$$
Beautiful 30+ point fade on
Posted by steve on 14th of Oct 2022 at 04:32 am
Beautiful 30+ point fade on ES off pivot Resistance zone posted
I mean you waited till
Posted by donkeyface on 14th of Oct 2022 at 08:53 am
I mean you waited till 4:32am to tell us this... LOL
I would love to get
Posted by donkeyface on 14th of Oct 2022 at 08:54 am
I would love to get every new post (not necessarily replies) on my texts. But that's asking a lot. lol
Make that 50+ right into
Posted by steve on 14th of Oct 2022 at 07:54 am
Make that 50+ right into 3660 support
Repelled again near 3630 pivot
Posted by steve on 12th of Oct 2022 at 08:39 am
Repelled again near 3630 pivot for a trade pre-market on the news
ES 3580 bounce - 3630
Posted by steve on 11th of Oct 2022 at 10:41 am
ES 3580 bounce - 3630 is the key pivot above
ES rallied up towards initial
Posted by steve on 11th of Oct 2022 at 08:57 am
ES rallied up towards initial resistance area
Updated ES levels yesterday so
Posted by steve on 10th of Oct 2022 at 08:17 am
Updated ES levels yesterday so please refresh...3628-35 support zone (holding for now and bears will need to breach for immediate downside)
There is a zone here
Posted by steve on 7th of Oct 2022 at 03:37 pm
There is a zone here on ES so let's see if we can get a bounce - I'm sure many are not giddy on a Friday
as Steve said there was
Posted by matt on 7th of Oct 2022 at 03:45 pm
as Steve said there was a little support zone there so we got a bounce, see ES chart
also here's the 5 min cash
We are going to need
Posted by fundamentalvalues on 7th of Oct 2022 at 12:51 pm
We are going to need a refill on downside levels soon bartender
ES Support 3760 - if
Posted by steve on 6th of Oct 2022 at 10:34 am
ES Support 3760 - if lost test of yesterday lows
ES Levels above with downside
Posted by steve on 5th of Oct 2022 at 10:34 am
ES Levels above with downside magnet - if wave B that area or 3687-3663 (SPX) and if wave 4 in place then NEW LOWS (bounces will form lower highs)
ES Levels updated
Posted by steve on 5th of Oct 2022 at 07:16 am
ES Levels updated
ES Supply Zone 3790-3822
Posted by steve on 4th of Oct 2022 at 10:52 am
ES Supply Zone 3790-3822
ES Levels is Downside 2493
Posted by srusso1 on 3rd of Oct 2022 at 08:17 am
ES Levels is Downside 2493 number a typo ?
Yes thanks for pointing out
Posted by steve on 3rd of Oct 2022 at 08:21 am
Yes thanks for pointing out - corrected
Posted by law6 on 3rd of Oct 2022 at 08:22 am
Thanks for the P&F chart
Posted by steve on 3rd of Oct 2022 at 08:24 am
Thanks for the P&F chart
ES 3755 strong pivot pulling
Posted by steve on 28th of Sep 2022 at 03:59 pm
ES 3755 strong pivot pulling back
It looks like to me
Posted by pintopower on 28th of Sep 2022 at 04:06 pm
It looks like to me on the hourly chart from the beginning of September that the SPY is doing an ending diagonal down. If my math is correct, it has four touches so far which would indicate that perhaps one more low to about 356 or so. If it does that then target on a breakout of the ending diagonal would be approximately 381 ish.
pintopower - the QQQs could
Posted by steve on 28th of Sep 2022 at 04:15 pm
pintopower - the QQQs could have completed wave C today of an expanded flat for Wave 4 - same with SPX - the next PULLBACK will tell the tale
Just testing how to post
Posted by pintopower on 28th of Sep 2022 at 04:52 pm
Just testing how to post a chart from Thinkorswim. Pink lines are ending diagonal; yellow oval would be hypothetical 5th touch and light blue lines would be the Target. Let's see if this test works?!
This move down was not
Posted by mirhamedali on 29th of Sep 2022 at 11:15 am
This move down was not an ending diagonal. Doesn't meet the technical definition.
You passed with flying colors
Posted by steve on 28th of Sep 2022 at 05:00 pm
You passed with flying colors but not an ED - I will post my views
3684 pivot achieved - main
Posted by steve on 28th of Sep 2022 at 10:04 am
3684 pivot achieved - main target from the pivot support
Hi, Steve! I took SSO
Posted by makarolya on 27th of Sep 2022 at 01:09 pm
Hi, Steve! I took SSO for long trade per system signal yesterday and day before, and now wondering - is there a stop loss you recommend? Do you announce stop loss when trades goes in the red? I am still new to trading systems and trying to learn the underwater currents. Thanks
makarolya -this is covered in
Posted by matt on 27th of Sep 2022 at 01:55 pm
makarolya -this is covered in the FAQ etc, however check your email, I sent you a detailed email that should help you.
I would post my answer here but intra day we like to stay market focused - I can also post here later after the market, however check your email
They don’t do stop losses.
Posted by mdgfain on 27th of Sep 2022 at 01:22 pm
They don’t do stop losses. They have first, second, and third entires ( occasionally) and they buy twice as much at second entry, 3x on third entry. Their system is very effective if you take all of the trades, not so much if you just take the ones you want. Hope that helps.
Go to the systems tab
Posted by steve on 27th of Sep 2022 at 01:16 pm
Go to the systems tab above and read all such information. These are reversion to mean systems so make sure you understand completely
ES 3639 achieved
Posted by steve on 27th of Sep 2022 at 12:29 pm
ES 3639 achieved
ES levels updated yesterday
Posted by steve on 26th of Sep 2022 at 08:47 am
ES levels updated yesterday
ES nice bounce of the
Posted by steve on 23rd of Sep 2022 at 01:05 pm
ES nice bounce of the listed 3675 level
Support levels on ES around
Posted by steve on 22nd of Sep 2022 at 11:28 am
Support levels on ES around this area and just below.
ES Levels updated and comments
Posted by steve on 22nd of Sep 2022 at 09:18 am
ES Levels updated and comments from overnight below
looks like ES 3923 capped
Posted by retirefire on 21st of Sep 2022 at 03:11 pm
looks like ES 3923 capped it
ES attempting to bounce out
Posted by steve on 20th of Sep 2022 at 10:47 am
ES attempting to bounce out of the support zone 3864-3855 - if able to gain some traction then 3885 first level above
Taking some gains and trailing
Posted by steve on 20th of Sep 2022 at 11:07 am
Taking some gains and trailing stops on that bounce
Yes trail up stops further
Posted by steve on 20th of Sep 2022 at 11:55 am
Yes trail up stops further - this has some legs
thanks almost got stopped out
Posted by retirefire on 20th of Sep 2022 at 11:59 am
thanks almost got stopped out late to party.
ES stalled near first target
Posted by steve on 20th of Sep 2022 at 11:17 am
ES stalled near first target level posted 3885
ES first test of resistance
Posted by steve on 16th of Sep 2022 at 10:48 am
ES first test of resistance 3895 led to rejection
Updated levels above - the
Posted by steve on 16th of Sep 2022 at 09:00 am
Updated levels above - the June-July trendline was lost late yesterday after numerous tests and this has given way to additional selling as one would expect.
Support zone 3853-63 (watching for a reaction here) then 3842
Getting a reaction a posted
Posted by steve on 16th of Sep 2022 at 09:20 am
Getting a reaction a posted below 3863 for a bounce - all within downtrend until a previous level is reclaimed. As I said a few days, ago Buckle Up
ES Pivot around 3960 -
Posted by steve on 14th of Sep 2022 at 08:51 am
ES Pivot around 3960 - very loose and thin market so take heed in position sizing (down)
Hi Steve, the support numbers
Posted by imelhoe on 13th of Sep 2022 at 11:00 pm
Hi Steve, the support numbers don't look quite right.
Wish trading View had the
Posted by donkeyface on 12th of Sep 2022 at 10:22 pm
Wish trading View had the red/green s&r horizontals like StockCharts
Assuming these levels are updated for the new dec22 contracts? so much easier to just keep up with SPX cash levels.
SPX has another zone just
Posted by steve on 7th of Sep 2022 at 11:53 am
SPX has another zone just above at 3956-64 IF today's highs are reclaimed
Bulls in control above 3920-30
Achieved that target
Posted by steve on 7th of Sep 2022 at 01:06 pm
Achieved that target
Selling one SPY 11/18 386
Posted by srusso1 on 7th of Sep 2022 at 01:07 pm
Selling one SPY 11/18 386 call here
Likewise selling a 388 and
Posted by retirefire on 7th of Sep 2022 at 01:15 pm
Likewise selling a 388 and still holding some 380's 11/18 exp.
yes still holding some calls
Posted by srusso1 on 7th of Sep 2022 at 01:18 pm
yes still holding some calls see how this week ends ?
Nice bounce off support 3930
Posted by steve on 7th of Sep 2022 at 01:03 pm
Nice bounce off support 3930 on that pullback
Yes it is
Posted by srusso1 on 7th of Sep 2022 at 01:06 pm
Yes it is
The Bulls are the Captain
Posted by steverobin on 7th of Sep 2022 at 12:46 pm
The Bulls are the Captain now.
Bounced off the 3896-83 zone
Posted by steve on 6th of Sep 2022 at 10:41 am
Bounced off the 3896-83 zone and now Bulls need to reclaim 3928
ES back to VWAP
Posted by steve on 6th of Sep 2022 at 10:48 am
ES back to VWAP
Next level for Bulls to
Posted by steve on 6th of Sep 2022 at 11:05 am
Next level for Bulls to clear is 3940 and hold 3916 Support
Good call on 3940 resistance
Posted by steve on 6th of Sep 2022 at 12:33 pm
Good call on 3940 resistance
ES Support Now 3940 then
Posted by steve on 6th of Sep 2022 at 08:37 am
ES Support Now 3940 then 3922-28
Thanks Steve, have a nice
Posted by retirefire on 6th of Sep 2022 at 09:06 am
Thanks Steve, have a nice area below now if we open green, to monitor for Fridays new system entry's
Nice smash down to the
ES 1/27
Posted by steve on 26th of Jan 2023 at 11:02 am
Nice smash down to the ES pivot - hope I stopped you from chasing early today and locked down some profits
DUST daily
Posted by matt on 26th of Jan 2023 at 10:42 am
DUST - Chart Link
ES levels (from sticky) and NYSE prior TICK spikes on Trading View chart
Posted by matt on 26th of Jan 2023 at 10:31 am
https://www.tradingview.com/chart/XhdK9UKW/
the live chart you can view them from.
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
keep the job man! a
SPX 60 ED
Posted by matt on 26th of Jan 2023 at 10:26 am
keep the job man! a traders life is not for most people
also day trading is a lot of work - there are plenty of setups for working folks that are easy to manage, examples:
TSLA was a great swing down near the 100 level 50% lower.
GDX has been a nice swing trade since Nov
DIS has been a nice trade out of that weekly wedge
CBAY -that I showed last night, one hell of a swing from that 4.20 entry, now $8
NINE was a great swing long a few months ago
when working jobs - focus on trade setups that you can possibly hold for several days or weeks at a time
Natgas numbers out soon
Natgas down another 5.5% today
Posted by steve on 26th of Jan 2023 at 10:23 am
Natgas numbers out soon
Natgas down another 5.5% today
Posted by matt on 26th of Jan 2023 at 10:19 am
$NATGAS - Chart Link- at this rate Nat Gas will soon get down to that next demand zone shown on the weekly chart, remember this chart doesn't update until after the close
UNG - Chart Link-
those are day trades folks
SPX 60 ED
Posted by matt on 26th of Jan 2023 at 10:18 am
those are day trades folks are doing at ES resistance/support levels - folks taking trades off those have to have their charts setup and in front of them and ready to act - there's no time for slow email alerts on something like that, especially a day trade, that was a fast move
nice job everyone all around
SPX 60 ED
Posted by matt on 26th of Jan 2023 at 09:56 am
nice job everyone all around guys!
Caught quick 20 points on
SPX 60 ED
Posted by steve on 26th of Jan 2023 at 09:55 am
Caught quick 20 points on ES will keep other hedges in place and trade scale more volatile names like ES
SPX 60 ED
Posted by steve on 26th of Jan 2023 at 09:51 am
$SPX - Chart Link
getting quite extended, see RIG
Took a swing short again on RIG at 6.55 on ...
Posted by matt on 26th of Jan 2023 at 09:50 am
getting quite extended, see RIG on the KISS chart
a 13 Demark yesterday, today you have a potential A (not confirmed yet) and very wide MA ribbons, with negative divergence on the MA ribbon 2nd derivative indicator
Put on hedges here
Posted by steve on 26th of Jan 2023 at 09:49 am
Put on hedges here
FRTX, CBAY, CX comments
Posted by matt on 26th of Jan 2023 at 09:46 am
FRTX - Chart Link - I should have stuck with this one longer, it's been a good percentage move from that 2 entry
CBAY - Chart Link - the superstar - again I should have stuck with it - my problem is taking profits too early
CX - Chart Link- nice follow through, glad I stuck with it
VIX up and divergent
Posted by steve on 26th of Jan 2023 at 09:44 am
VIX up and divergent
following up on some names
Posted by matt on 26th of Jan 2023 at 09:43 am
LAZ - Chart Link- if you were not stopped out, it's back in the black, price bounced off 9 EMA yesterday, you have a higher low - PUT A STOP IN
QUOT - Chart Link- after some noise, finally moving - glad I gave it room
EGHT - Chart Link- ideally needs to hold this trendline and go - EGHT not my favorite stock to trade, it's so whippy
Updated Views
Posted by steve on 26th of Jan 2023 at 09:43 am
AMBA - Chart Link
SQ - Chart Link
Take some profits
Updated Views
Posted by steve on 26th of Jan 2023 at 09:42 am
META - Chart Link
VLO - Chart Link - NYSE screwed up chart but PROTECT
trying to get you guys
TSLAhttps://www.wsj.com/articles/tesla-stock-elon-musk-electric-vehicle-11673623093FEEL sorry for people that sold out at the lows. ...
Posted by matt on 26th of Jan 2023 at 09:41 am
trying to get you guys to look for objective trade setups vs being locked into a bull market or bear market market designations.
as traders our job is to look for objective trade setups with very good risk/reward so that if we are wrong we don't lose much and our winning gains far exceed losing trades when we get stopped out, and also to look for setups that align with your trading plan and personal style (relative to the time frame you like to trade). Focus on objective setups and entries and no so much bear/bull designations.
yeah well we said when
TSLAhttps://www.wsj.com/articles/tesla-stock-elon-musk-electric-vehicle-11673623093FEEL sorry for people that sold out at the lows. ...
Posted by matt on 26th of Jan 2023 at 09:31 am
yeah well we said when it was near the 100 area to expect a 40 - 50 point rally at least for a wave 4 and wave 4 can go beyond that as the low of wave 1 is 198 (wave 4 not invalidated until it overlaps the low of wave 1). If it turns into something more than a wave 4 then fine, but down there near when you had 5 completed waves of at least a wave 3, it was very low risk and an easy objective long. Now it's achieved my first major target of the 50 day MA, let's see what it does in here, but wave 4 (if it's that, could still go quite a bit higher and not invalidate)
TSLA is also an example of both bull and bear counts aligning for the same trade - under a bearish wave 4 it was calling for a big rally. Under an arun bull market call it was calling for a big rally.
my point is - when both scenarios call for the same thing, you don't really need to be convinced of one side - you have a super low risk trade no matter if you are super bullish or still a bit bearish.
ES 240 seeing a potential
ES 1/27
Posted by steve on 26th of Jan 2023 at 09:20 am
ES 240 seeing a potential diagonal pattern 4035 3902 4056 3960 then xxx (supply is 4070-91)