yep typical trend day so far. If so, would expect some
consolidation in here until maybe 1 pm, then as long as 60
Stochastic remains above 80, and the MACD recycles back to zero
could see another push in the afternoon
you can also look for day trade long opportunities when the
Stoch momo's setup where the faster 10 length Stochastic recycles
to oversold while the 60 length is over 80%
and here's the current 5 min, you can see a small flag, but also
where the 10 Stochastic became oversold while the longer 60
Stochastic remained over 80%
kind of sort of in TS. Opening gaps are a lot about
reading the tape. First off if there's an obvious trendline
resistance on the chart and price gaps over that, those have
potential to be breakaway gaps and tends to hold and get stronger,
so first off always look to see if there was an important technical
trendline there. next you can employ a 15/20 min gap rule, if it's
a gap and go price should generally stay above the first 15/20 min
low of the gap
Matt, should we be looking
Posted by rmoore100 on 4th of Jun 2019 at 12:19 pm
Matt, should we be looking at "Trend Day" rules ?
yep typical trend day so
Posted by matt on 4th of Jun 2019 at 12:37 pm
yep typical trend day so far. If so, would expect some consolidation in here until maybe 1 pm, then as long as 60 Stochastic remains above 80, and the MACD recycles back to zero could see another push in the afternoon
you can also look for
Posted by matt on 4th of Jun 2019 at 12:39 pm
you can also look for day trade long opportunities when the Stoch momo's setup where the faster 10 length Stochastic recycles to oversold while the 60 length is over 80%
Hey Matt, can you post
Posted by vinylchild on 4th of Jun 2019 at 12:44 pm
Hey Matt, can you post a chart highlighting an example of what that looks like?
here's the educational on that
Posted by matt on 4th of Jun 2019 at 12:49 pm
here's the educational on that Stochastic momo showing tons of past settings:
https://breakpointtrades.com/education/legacy/?nl_id=3304
and here's the current 5 min, you can see a small flag, but also where the 10 Stochastic became oversold while the longer 60 Stochastic remained over 80%
Thanks! I forgot about that
Posted by vinylchild on 4th of Jun 2019 at 01:15 pm
Thanks! I forgot about that link. do you have any indicators for reversals when trading opening bell?
kind of sort of in
Posted by matt on 4th of Jun 2019 at 01:34 pm
kind of sort of in TS. Opening gaps are a lot about reading the tape. First off if there's an obvious trendline resistance on the chart and price gaps over that, those have potential to be breakaway gaps and tends to hold and get stronger, so first off always look to see if there was an important technical trendline there. next you can employ a 15/20 min gap rule, if it's a gap and go price should generally stay above the first 15/20 min low of the gap
thanks, I haven't heard of
Posted by vinylchild on 4th of Jun 2019 at 02:02 pm
thanks, I haven't heard of the 15/20 rule but thats helpful information for my morning trades
nice little trade on that
Posted by matt on 4th of Jun 2019 at 12:57 pm
nice little trade on that 5 min SPX, played futures on that
the Stochastic momo setup