Posted by spytrader on 15th of Oct 2014 at 09:56 am
Matt/Steve, there may be a chance of a v-reversal on indices. In
this situation, what timeframe are you using to look at potential
$SPX longs? Are you only interested if $SPX 60-minute charts show
long triggers/getting above key MAs or do you ever nibble based on
(ex) a 5-minute chart and see what unfolds then hold it. Tricky
spot here. $SPX 15-min candle already took back am candle.
It's possible, as long as we don't retrace back down here
soon.
I saw a long setup on a 5 min chart using Steve's method where
price got too far away from the 5 EMA and played ES for a heck of
trade, but small and I sold too quickly. anyway yes possible,
let's see how this unfolds,
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Capitulation?
Posted by spytrader on 15th of Oct 2014 at 09:56 am
Matt/Steve, there may be a chance of a v-reversal on indices. In this situation, what timeframe are you using to look at potential $SPX longs? Are you only interested if $SPX 60-minute charts show long triggers/getting above key MAs or do you ever nibble based on (ex) a 5-minute chart and see what unfolds then hold it. Tricky spot here. $SPX 15-min candle already took back am candle.
It's possible, as long as
Posted by matt on 15th of Oct 2014 at 10:01 am
It's possible, as long as we don't retrace back down here soon.
I saw a long setup on a 5 min chart using Steve's method where price got too far away from the 5 EMA and played ES for a heck of trade, but small and I sold too quickly. anyway yes possible, let's see how this unfolds,