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.
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I think spy has broken
Steve: replay possibilities?
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.