Posted by MT_pockets on 17th of Dec 2015 at 05:42 pm
I'm confused, first you said we may take a long then end of day
you say we were close to a short....it dosent matter since no trade
either way was taken, but was it a long or short you were
considering? I'm guessing you meant short the whole time, yes?
there was another trade type that was close to triggering short,
the 60 Stochastic short reversal, however the trade I was
discussing today was a long, which was negated. The system
can do longs but in order for a long to occur now the market would
need to sell of hard for here for 3 - 4 days for a bear market long
trade
I notice that the divergences on these 24 hour charts are
extremely accurate. I have also witnessed that despite these buy
triggers, often we will get an equal low made or even lower low
made than premarket at the open, then the buy trigger will be
created on the cash markets. It is a way to pre-plan for 9:30-9:45
quick trades if you can watch the whole morning set-up and create
support based on those moves.
Mike - swamped at the moment, but it would really help if you
would post several detailed chart examples of what you are setting
for me to examine it more closely. Take some screen shots and
upload images to blog please
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I'm confused, first you said
SPY Pro system - no trade
Posted by MT_pockets on 17th of Dec 2015 at 05:42 pm
I'm confused, first you said we may take a long then end of day you say we were close to a short....it dosent matter since no trade either way was taken, but was it a long or short you were considering? I'm guessing you meant short the whole time, yes?
Thanks keep up the great work!
there was another trade type
Posted by matt on 17th of Dec 2015 at 10:32 pm
there was another trade type that was close to triggering short, the 60 Stochastic short reversal, however the trade I was discussing today was a long, which was negated. The system can do longs but in order for a long to occur now the market would need to sell of hard for here for 3 - 4 days for a bear market long trade
Was getting buy triggers around 7:15 with 24 hour session settings on SPY and XLE thru Tradestation (RSI 5, MACD 12, 26, 9, and CCI 14 on the 15 chart)
Posted by zitron on 18th of Dec 2015 at 08:34 am
I notice that the divergences on these 24 hour charts are extremely accurate. I have also witnessed that despite these buy triggers, often we will get an equal low made or even lower low made than premarket at the open, then the buy trigger will be created on the cash markets. It is a way to pre-plan for 9:30-9:45 quick trades if you can watch the whole morning set-up and create support based on those moves.
Matt, see what I am saying?
Posted by zitron on 18th of Dec 2015 at 10:13 am
Just surpassed premarket lows.
Mike - swamped at the
Posted by matt on 18th of Dec 2015 at 10:19 am
Mike - swamped at the moment, but it would really help if you would post several detailed chart examples of what you are setting for me to examine it more closely. Take some screen shots and upload images to blog please