Nice day trade buy signal on the 3 and 2 min NUGT chart, again
what I look for is the MA ribbon pinch on the larger time frame, 3
min in this case, then I got my cycle buy the dots on the 2 min to
signal a buy trigger
Posted by chapgolf on 17th of Oct 2019 at 11:28 am
That works well Matt. I have a trade station account but
don't see the cycle indicator you are talking about. Is that
something you created or is it something we can purchase from
TS?
it's not something I'm ready to share at this time. It's
something I'm exploring, maybe even can explore showing in a chat
room or something. I like day trading ES or MES futures with it
from the renko bars, here's some example of that, Renko bars are
not time based only price, so I look for my pinches on the larger
tick bars and trigger off the smaller tick bars off cycles longs or
shorts
I also look for day trade setups on stocks and ETF's, though
I've been exploring getting a system for daily stocks etc, that I
can put on the website, it's still early.
Posted by retirefire on 17th of Oct 2019 at 11:42 am
If I needed more convincing this was it, I'm done day trading.
NOT complaining, just getting eyes opened on how this really
works and what it takes. Great work Matt
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NUGT cycle example
Posted by matt on 17th of Oct 2019 at 11:12 am
Nice day trade buy signal on the 3 and 2 min NUGT chart, again what I look for is the MA ribbon pinch on the larger time frame, 3 min in this case, then I got my cycle buy the dots on the 2 min to signal a buy trigger
here's an example showing 2
Posted by matt on 17th of Oct 2019 at 11:33 am
here's an example showing 2 and 1 min UPRO, MA pinch on UPRO 2 min and cycle sell on 1 min
That works well Matt. I
Posted by chapgolf on 17th of Oct 2019 at 11:28 am
That works well Matt. I have a trade station account but don't see the cycle indicator you are talking about. Is that something you created or is it something we can purchase from TS?
it's not something I'm ready
Posted by matt on 17th of Oct 2019 at 11:39 am
it's not something I'm ready to share at this time. It's something I'm exploring, maybe even can explore showing in a chat room or something. I like day trading ES or MES futures with it from the renko bars, here's some example of that, Renko bars are not time based only price, so I look for my pinches on the larger tick bars and trigger off the smaller tick bars off cycles longs or shorts
I also look for day trade setups on stocks and ETF's, though I've been exploring getting a system for daily stocks etc, that I can put on the website, it's still early.
If I needed more convincing
Posted by retirefire on 17th of Oct 2019 at 11:42 am
If I needed more convincing this was it, I'm done day trading. NOT complaining, just getting eyes opened on how this really works and what it takes. Great work Matt