Yes one long trigger could be over today's doj, however with
such a long legged doji your stop has to be the doji low
In volatile times like this for those looking to trade indexes
try looking intra day charts if you can for better triggers
earlier. Today I pointed out that 15 min doji that provided a nice
entry way down around 2590 - 2600. I also commented today
that a doji was forming this morning and if one triggers off that
you would be already long from around 2608. These earlier
entries would make having a stop at the doji lows easier to
stomach.
anyway a lot of hammers and dojis today. Best to see
follow through tomorrow, and also need to see symmetry breaks,
today's rally is still less than the one from Dec 6th to morning of
Dec 7th. See attached charts of SPX 15 min, 60 min, and QQQ's 15
min
I bought some TQQQ at the close because of the big
long lead legged doji. . If it drops tomorrow morning, I will
either buy more or some short term calls of TQQQ. If it drops below
the bottom of the Fiji from today, I will sell all of them. If it
goes up, I will hold it for several days for a swing trade into
next week., At least we have a plan that fits my timeframe.
Yes one long trigger could
SPX Daily View
Posted by matt on 10th of Dec 2018 at 04:22 pm
Yes one long trigger could be over today's doj, however with such a long legged doji your stop has to be the doji low
In volatile times like this for those looking to trade indexes try looking intra day charts if you can for better triggers earlier. Today I pointed out that 15 min doji that provided a nice entry way down around 2590 - 2600. I also commented today that a doji was forming this morning and if one triggers off that you would be already long from around 2608. These earlier entries would make having a stop at the doji lows easier to stomach.
anyway a lot of hammers and dojis today. Best to see follow through tomorrow, and also need to see symmetry breaks, today's rally is still less than the one from Dec 6th to morning of Dec 7th. See attached charts of SPX 15 min, 60 min, and QQQ's 15 min
Thanks, Matt
Posted by mdgfain on 10th of Dec 2018 at 04:29 pm
Thanks, Matt
I bought some TQQQ at
Posted by mdgfain on 10th of Dec 2018 at 06:08 pm
I bought some TQQQ at the close because of the big long lead legged doji. . If it drops tomorrow morning, I will either buy more or some short term calls of TQQQ. If it drops below the bottom of the Fiji from today, I will sell all of them. If it goes up, I will hold it for several days for a swing trade into next week., At least we have a plan that fits my timeframe.
Good plan for heads-up. helpful.
Posted by trader5 on 11th of Dec 2018 at 09:10 am
Good plan for heads-up. helpful.