a big key is the 5 EMA as a filter - for example you can see
candles that look very far from the 9 EMA, however you will notice
that price might not be that far from the 5 EMA or your trigger is
close to the 5 EMA, don't do those, a good way to filter
out.
also I like to see the
MACD/BB's very wide that tells you that there is big
distance make sense?, and some divergence on a 10 CCI
indicator - if you have all this line up, probability is high
here's some chart examples, look a the MACD/BB, look at the CCI
etc
a big key is the
Daily RVM trade examples on ES and SPX daily
Posted by matt on 27th of Aug 2015 at 05:28 pm
a big key is the 5 EMA as a filter - for example you can see candles that look very far from the 9 EMA, however you will notice that price might not be that far from the 5 EMA or your trigger is close to the 5 EMA, don't do those, a good way to filter out.
also I like to see the MACD/BB's very wide that tells you that there is big distance make sense?, and some divergence on a 10 CCI indicator - if you have all this line up, probability is high
here's some chart examples, look a the MACD/BB, look at the CCI etc
http://content.screencast.com/users/BPTrades/folders/Jing/media/fcb0f8aa-d7ba-42ad-afe4-5fc414ed44cd/2015-08-27_1530.png
http://bpt-images.s3.amazonaws.com/0456018001438624171.png
http://bpt-images.s3.amazonaws.com/0703766001440173065.png
Thanks! I pm'd you.
Posted by frtaylor on 27th of Aug 2015 at 05:36 pm
Thanks! I pm'd you.