these trend days make it easy for trading ES futures, I use my
Range charts and Renko bars along with moving average
configuration, when the MA config is expanded out, you'll see price
pullback into the MA's then rebound off it. You also see the 9 EMA
pull back to the MA's and bounce off them. With the range and
renko charts I can have set buy stops for the reversals, these type
of trend days make it easy
again guys this morning I said it looked like a trend day, on
those days buying dips on SPX related instruments is easy money,
buying ES on dips, SPY short term calls, UPRO etc. On
these days I simply use a very short term chart and buy dips pm ES
vs chasing too many stocks, I even sometimes buy short term
call options that expire in a few days because they tend to move a
large %
I haven't looked at it that close yet. Many times you get
a consolidation day after a trend day, however it could also just
continue up. If this is wave 3 then the market could power
higher. Short term there is some MACD divergence on the 15
min time frame, but again I have to look over things closer on the
weekend
again guys I can't stress enough, easy trades on Trend days is
to buy small dips, I bought ES 7 times today on these dips for nice
repeatable trades every time
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Love these trend days for trading futures
Posted by matt on 9th of Mar 2018 at 10:26 am
these trend days make it easy for trading ES futures, I use my Range charts and Renko bars along with moving average configuration, when the MA config is expanded out, you'll see price pullback into the MA's then rebound off it. You also see the 9 EMA pull back to the MA's and bounce off them. With the range and renko charts I can have set buy stops for the reversals, these type of trend days make it easy
again guys this morning I
Posted by matt on 9th of Mar 2018 at 03:55 pm
again guys this morning I said it looked like a trend day, on those days buying dips on SPX related instruments is easy money, buying ES on dips, SPY short term calls, UPRO etc. On these days I simply use a very short term chart and buy dips pm ES vs chasing too many stocks, I even sometimes buy short term call options that expire in a few days because they tend to move a large %
anyway was a fun day, have a nice weekend
Thanks for the lessons, Matt.
Posted by oakavekid on 9th of Mar 2018 at 03:58 pm
Thanks for the lessons, Matt. I followed and took advantage using UPRO.
excellent!!
Posted by matt on 9th of Mar 2018 at 03:58 pm
excellent!!
Matt, you expect a pullback
Posted by maggi3322 on 9th of Mar 2018 at 04:47 pm
Matt, you expect a pullback of some sort Monday or a continuation?
I haven't looked at it
Posted by matt on 9th of Mar 2018 at 05:10 pm
I haven't looked at it that close yet. Many times you get a consolidation day after a trend day, however it could also just continue up. If this is wave 3 then the market could power higher. Short term there is some MACD divergence on the 15 min time frame, but again I have to look over things closer on the weekend
Ok, thanks
Posted by maggi3322 on 9th of Mar 2018 at 05:34 pm
Ok, thanks
love these trend days, again
Posted by matt on 9th of Mar 2018 at 10:57 am
love these trend days, again the concept is simple, you buy the reversal bar after pullbacks into support
again guys I can't stress
Posted by matt on 9th of Mar 2018 at 01:26 pm
again guys I can't stress enough, easy trades on Trend days is to buy small dips, I bought ES 7 times today on these dips for nice repeatable trades every time