$SPX - Chart Link - 15 min view shows
updated symmetry, was broken on the open low with 26 point pullback
of the highs, so told you to be on lookout for a lower high
Educational comments:Those who were looking for a short opportunity coming into
today, the SPX gapped down about 20 points, however the symmetry we
were monitoring yesterday told you that was a symmetry break i.e.
26 points vs 21 previously and told you to look for a lower high on
the next bounce. Well SPX rallied right to the primary pivot
where it reversed with an inverted doji hammer
$SPX - Chart Link- 15 min view - note the
symmetry break this morning
$SPX - Chart Link- 5 min view with the pivots,
price reversed off the PP.
remember symmetry is price action, that's why it work well.
The market is about price action. indicators like
moving averages and other indicators all lag, they are not direct
price action
Given that there are 420 trading minutes in a day, is there an
issue where your timeframes overlap multiple days because 420 is
not an even multiple of 15, 60, etc? Or does the last bar of
the day just cover a smaller time interval than the rest?
Thanks!
yes for daily charts that trade with the cash market, there are
390 min in the day.
however for futures charts that trade 23 hrs a day you can use
1440 min charts, which essentially gives you a daily bar. Why
would one do that if it ends up looking just like a daily chart?
Because you can set custom time sessions that can be useful
that's are two screens of many many many charts my friend. Have
screens with multiple level 2's, quote screens, systems of course,
and probably 50 Chrome browser windows
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SPX comments
Posted by matt on 7th of Mar 2018 at 11:13 am
$SPX - Chart Link - 15 min view shows updated symmetry, was broken on the open low with 26 point pullback of the highs, so told you to be on lookout for a lower high
$SPX - Chart Link - intra day SPX tagged the PP and reversed
Update: SPX comments
Posted by matt on 7th of Mar 2018 at 11:27 am
Educational comments: Those who were looking for a short opportunity coming into today, the SPX gapped down about 20 points, however the symmetry we were monitoring yesterday told you that was a symmetry break i.e. 26 points vs 21 previously and told you to look for a lower high on the next bounce. Well SPX rallied right to the primary pivot where it reversed with an inverted doji hammer
$SPX - Chart Link- 15 min view - note the symmetry break this morning
$SPX - Chart Link- 5 min view with the pivots, price reversed off the PP.
remember symmetry is price action,
Posted by matt on 7th of Mar 2018 at 11:30 am
remember symmetry is price action, that's why it work well. The market is about price action. indicators like moving averages and other indicators all lag, they are not direct price action
In symetry break what time
Posted by cuqui69 on 7th of Mar 2018 at 12:41 pm
In symetry break what time frame to use 15min or 1hr
I have all time frames
Posted by matt on 7th of Mar 2018 at 01:37 pm
I have all time frames up at once, 5, 15, 30, 60, 120, daily
Given that there are 420
Posted by rojoch on 7th of Mar 2018 at 02:06 pm
Given that there are 420 trading minutes in a day, is there an issue where your timeframes overlap multiple days because 420 is not an even multiple of 15, 60, etc? Or does the last bar of the day just cover a smaller time interval than the rest? Thanks!
woops, I meant 390 minutes
Posted by rojoch on 7th of Mar 2018 at 02:07 pm
woops, I meant 390 minutes in a trading day.
yes for daily charts that
Posted by matt on 7th of Mar 2018 at 02:10 pm
yes for daily charts that trade with the cash market, there are 390 min in the day.
however for futures charts that trade 23 hrs a day you can use 1440 min charts, which essentially gives you a daily bar. Why would one do that if it ends up looking just like a daily chart? Because you can set custom time sessions that can be useful
JESUS
Posted by cuqui69 on 7th of Mar 2018 at 01:39 pm
JESUS
that's are two screens of
Posted by matt on 7th of Mar 2018 at 01:40 pm
that's are two screens of many many many charts my friend. Have screens with multiple level 2's, quote screens, systems of course, and probably 50 Chrome browser windows