here's a chart of 3, 5 10 min ES, price went lower but then the
reversion to mean setup triggered, you can see a trigger off the 3
min and the 10 min with the hammer. MACD/BB's were wide which
is what I like to see.
again I have these charts formatted, so anyone with Ninja Trader
or Tradestation I can just share my workspace so they are
configured for you. I like to see a divergence in the CCI
indicator at least, and of course the wide MACD/BB's. Trigger of
course is a doji or taking back 50% of a large candle when price is
really separated from the 5 and 9 EMAs
realize that most of these reversion to mean setups are counter
trend, thus they are quick plays. My play the trend setups
are quite different of course, they allow you to get back into the
trend at hand vs playing an over extended rubber band back to that
trend. Ideally you play both setups, trend trades and
reversion to mean.
here's a chart of 3,
SPX 60 min
Posted by matt on 16th of Jun 2016 at 10:13 am
here's a chart of 3, 5 10 min ES, price went lower but then the reversion to mean setup triggered, you can see a trigger off the 3 min and the 10 min with the hammer. MACD/BB's were wide which is what I like to see.
again I have these charts formatted, so anyone with Ninja Trader or Tradestation I can just share my workspace so they are configured for you. I like to see a divergence in the CCI indicator at least, and of course the wide MACD/BB's. Trigger of course is a doji or taking back 50% of a large candle when price is really separated from the 5 and 9 EMAs
realize that most of these reversion to mean setups are counter trend, thus they are quick plays. My play the trend setups are quite different of course, they allow you to get back into the trend at hand vs playing an over extended rubber band back to that trend. Ideally you play both setups, trend trades and reversion to mean.
Yep
Posted by stevieb294 on 16th of Jun 2016 at 10:17 am
It WAS a small one. Thanks, Matt,