$SPX - Chart Link - buying that dip was
almost too easy on that flag, you had the 14 and 60 stochastic
setup we've discussed below, yes 60 Stochastic under cut 80% by
just a slight amount, but that's fine, plus you had the 50 EMA
there and the flag pattern, trigger was taking out the high of that
doji candle where you see the dotted vertical line.
Remember on these trend type of days, you almost always, that
that pullback in the early afternoon for a long trade if you've
missed the first move up
one could do that for sure, or say give a little more room say
at 60% of the candle. Otherwise I may use one of my momentum
indicators and hold until it turns red, it's current green
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Update: SPX 5 min with pivots
SPX 5 min with pivots
Posted by matt on 12th of Feb 2016 at 02:49 pm
$SPX - Chart Link - buying that dip was almost too easy on that flag, you had the 14 and 60 stochastic setup we've discussed below, yes 60 Stochastic under cut 80% by just a slight amount, but that's fine, plus you had the 50 EMA there and the flag pattern, trigger was taking out the high of that doji candle where you see the dotted vertical line.
Remember on these trend type of days, you almost always, that that pullback in the early afternoon for a long trade if you've missed the first move up
With your ES system likely
Posted by cape_rover on 12th of Feb 2016 at 03:00 pm
With your ES system likely going flat today. Do you plan on holding this position with a stop at 50% of todays candle?
one could do that for
Posted by matt on 12th of Feb 2016 at 04:21 pm
one could do that for sure, or say give a little more room say at 60% of the candle. Otherwise I may use one of my momentum indicators and hold until it turns red, it's current green