not really guys - education and this is where that stuff is more
of an art than a science:
for symmetry breaks I like to see at least a 15% or greater move
in price but I prefer > 20/25% move. For example if you
have a move that is 40 points, and your next move is 45 would I
consider that a symmetry break? No that's barely over 10%.
Again it's not an exact science but when I went back and
quantified some previous moves I noticed anything less than 10
-15% was worthless. Best to have the symmetry break really
take out the last move strongly
Posted by frtaylor on 28th of Feb 2018 at 04:14 pm
Yeah, I was kind of wondering whether that would count, being
about a 15% difference (20.2 vs. 17.4 on the previous one). As you
say, needs to be a fairly obvious break.
Posted by frtaylor on 28th of Feb 2018 at 04:19 pm
Thing is, it's incredibly hard to find the cajones to short this
market, especially in an IRA where you have to have the conviction
to hold over a few days or more, in the face of bounces, inverse
h&s that play out on smaller time frames, etc.
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not really guys - education
SPX 5 min this is your main trend
Posted by matt on 28th of Feb 2018 at 04:10 pm
not really guys - education and this is where that stuff is more of an art than a science:
for symmetry breaks I like to see at least a 15% or greater move in price but I prefer > 20/25% move. For example if you have a move that is 40 points, and your next move is 45 would I consider that a symmetry break? No that's barely over 10%. Again it's not an exact science but when I went back and quantified some previous moves I noticed anything less than 10 -15% was worthless. Best to have the symmetry break really take out the last move strongly
Yeah, I was kind of
Posted by frtaylor on 28th of Feb 2018 at 04:14 pm
Yeah, I was kind of wondering whether that would count, being about a 15% difference (20.2 vs. 17.4 on the previous one). As you say, needs to be a fairly obvious break.
Thing is, it's incredibly hard
Posted by frtaylor on 28th of Feb 2018 at 04:19 pm
Thing is, it's incredibly hard to find the cajones to short this market, especially in an IRA where you have to have the conviction to hold over a few days or more, in the face of bounces, inverse h&s that play out on smaller time frames, etc.