The SPX had a small channel breach but not a clean symmetry
break but it was not able to get above R1 as I posted earlier. I
did take a long out of the 1 minute triangle for a trade earlier
but will remain cautious and only take prudent trades counter
trend. If I see a higher low established or double bottom then I
will consider a smaller swing. For long entries, look for pullbacks
on the time frame you are trading with stops in place. For shorts,
look for overbought divergent moves on the smaller time
frames.
Posted by spytrader on 14th of Oct 2014 at 12:01 pm
Steve, TOS has many options for breadth studies. A/D Line
breadth vs Daily, advance/decline line, advance/declining issues.
All essentially the same? if not, which is your preferred
please?
Steve: replay possibilities?
Posted by petermusic on 14th of Oct 2014 at 11:24 am
http://stockcharts.com/h-sc/ui?s=$SPX&p=3&b=4&g=0&id=p60031613623&a=371461655
petermusic..It's possible BUT today's internal
Posted by steve on 14th of Oct 2014 at 11:38 am
petermusic..It's possible BUT today's internal readings are much better (see adv/dec) so for now the bulls have to be given some some respect.
I think spy has broken
Posted by tsurplus on 14th of Oct 2014 at 12:09 pm
I think spy has broken the short term down trend channel ?
The SPX had a small
Posted by steve on 14th of Oct 2014 at 12:36 pm
The SPX had a small channel breach but not a clean symmetry break but it was not able to get above R1 as I posted earlier. I did take a long out of the 1 minute triangle for a trade earlier but will remain cautious and only take prudent trades counter trend. If I see a higher low established or double bottom then I will consider a smaller swing. For long entries, look for pullbacks on the time frame you are trading with stops in place. For shorts, look for overbought divergent moves on the smaller time frames.
Adv/Dec
Posted by spytrader on 14th of Oct 2014 at 12:01 pm
Steve, TOS has many options for breadth studies. A/D Line breadth vs Daily, advance/decline line, advance/declining issues. All essentially the same? if not, which is your preferred please?
I'm not familiar with TOS
Posted by steve on 14th of Oct 2014 at 12:15 pm
I'm not familiar with TOS but I look at adv/dec on all the major indices.
Go to Shadowtrader on TOS
Posted by a_l_ on 14th of Oct 2014 at 12:17 pm
Go to Shadowtrader on TOS - they have a quad thinkscript with up-down volume, adv-dec, tick & market profile for ES & NQ all set for you.
You can set up your
Posted by a_l_ on 14th of Oct 2014 at 12:18 pm
You can set up your own for TF & YM if you want, based on their template.