update on the 120 min systems that some of you follow (which I
don't send trade alerts on but is more of a guide at this point). I
did however confirm that the gap up early this week was a breakaway
gap and a buy on that system.
here's a chart, so no changed your stop would still be at the
low there, waiting on a new DVT higher low to adjust the stop up.
Now, I do use the BPT DS indicator as well for higher lows
stops, NOT just the BPT MA Deluxe, that indicator is working down
but not yet oversold
the previous long stopped out a couple weeks ago at that magenta
line
on the 120 min time frame the BPT MA fast is red, so when that
turns back green a new higher low stop will be in place and the
stop can be raised to that. so far price still well over the
ATR on the pullback
120 min system
Posted by matt on 7th of Feb 2020 at 10:47 am
update on the 120 min systems that some of you follow (which I don't send trade alerts on but is more of a guide at this point). I did however confirm that the gap up early this week was a breakaway gap and a buy on that system.
here's a chart, so no changed your stop would still be at the low there, waiting on a new DVT higher low to adjust the stop up. Now, I do use the BPT DS indicator as well for higher lows stops, NOT just the BPT MA Deluxe, that indicator is working down but not yet oversold
the previous long stopped out a couple weeks ago at that magenta line
on the 120 min time
Posted by matt on 7th of Feb 2020 at 02:56 pm
on the 120 min time frame the BPT MA fast is red, so when that turns back green a new higher low stop will be in place and the stop can be raised to that. so far price still well over the ATR on the pullback
Thanks for that info Matt,
Posted by cozz101 on 7th of Feb 2020 at 03:49 pm
Thanks for that info Matt, will be on the lookout for setting stop higher when it goes back green.
is there a way to
Posted by te22 on 7th of Feb 2020 at 11:37 am
is there a way to follow the 120 min system in real time? thanks
nope - on your own
Posted by matt on 7th of Feb 2020 at 11:43 am
nope - on your own charts at this time