$SPX - Chart Link- remember guys, whenever the
fast MA's (the 9 and 20) with such strong slopes to them and
expanded, it's hard for price to correct and follow through. What
happens a lot is you get quick pullbacks that get bought.
Market sell off's or ones that last more than a day occur
more when the MA's have flattened out some. The 9 and 20 have such
strongly upward slopes to them, therefore these quick sell offs and
bounce backs occur. Best not to short the farm when the
market is like that and best to take quick profits vs holding out
for a the bigger short term because many times what happens is you
are nicely profitable on a day move then give it back up, so always
be more aggressive to scale out to take some profits when the 9 and
20 are like this, you can then add back if you see an opportunity
on a bounce (like I pointed out mid day on that bounce)
last post kind of long winded but valid - when 9 and 20 are
straight up and wide - you get these fast dips and bounce backs -
easy to get discouraged if you catch a short because you give
profits back by waiting for a bigger move, best to scale out pretty
aggressively when MA's are like that. When the MA's are
flatter then you can give shorts more room to run for bigger moves,
but when they are steep as heck, take profits rather aggressively
because you get these quick sell offs and snap back bounces.
As an addition to Matt's info on the 9 and 20 ma's when trading
the es mini, I would like to add a variant to these aggressive
bounces, but profitable trades. Before doing so,
unfortunately, my ninja trader is down, and using TOS in the
interim (expensive), but don't know how to take a screen shot to
accompany the narrative. Can anyone, explain how to grab a
screen shot from TOS that I can add. If not, I will just post
the trade with explanations. Tks.
daily MA's and market
Posted by matt on 21st of Feb 2019 at 04:04 pm
$SPX - Chart Link- remember guys, whenever the fast MA's (the 9 and 20) with such strong slopes to them and expanded, it's hard for price to correct and follow through. What happens a lot is you get quick pullbacks that get bought. Market sell off's or ones that last more than a day occur more when the MA's have flattened out some. The 9 and 20 have such strongly upward slopes to them, therefore these quick sell offs and bounce backs occur. Best not to short the farm when the market is like that and best to take quick profits vs holding out for a the bigger short term because many times what happens is you are nicely profitable on a day move then give it back up, so always be more aggressive to scale out to take some profits when the 9 and 20 are like this, you can then add back if you see an opportunity on a bounce (like I pointed out mid day on that bounce)
last post kind of long
Posted by matt on 21st of Feb 2019 at 04:10 pm
last post kind of long winded but valid - when 9 and 20 are straight up and wide - you get these fast dips and bounce backs - easy to get discouraged if you catch a short because you give profits back by waiting for a bigger move, best to scale out pretty aggressively when MA's are like that. When the MA's are flatter then you can give shorts more room to run for bigger moves, but when they are steep as heck, take profits rather aggressively because you get these quick sell offs and snap back bounces.
As an addition to Matt's
Posted by cg9150 on 21st of Feb 2019 at 05:18 pm
As an addition to Matt's info on the 9 and 20 ma's when trading the es mini, I would like to add a variant to these aggressive bounces, but profitable trades. Before doing so, unfortunately, my ninja trader is down, and using TOS in the interim (expensive), but don't know how to take a screen shot to accompany the narrative. Can anyone, explain how to grab a screen shot from TOS that I can add. If not, I will just post the trade with explanations. Tks.
Go to the top right
Posted by bobhug on 22nd of Feb 2019 at 11:15 am
Go to the top right of the page of which you want to take a screen shot, click on the dropdown and select "Take a Screenshot"
I uses snagit almost exclusively
Posted by stevieb294 on 22nd of Feb 2019 at 09:42 am
I uses snagit almost exclusively but as a last resort just use MSFT paint that everybody has.
that's what I use is
Posted by matt on 22nd of Feb 2019 at 09:58 am
that's what I use is Snagit
Try Jing to create a
Posted by steve on 21st of Feb 2019 at 05:23 pm
Try Jing to create a snapshot and simply post the link here