SPX 2hr, 60 min, 15 min candle focus

    Posted by matt on 27th of Feb 2020 at 10:27 am

    $SPX - Chart Link- on days like this I'm simply monitoring these time frames for any signs of capitulation such as hammers on or dojis on 2hr, 60 min, 15 min

    $SPX - Chart Link

    $SPX - Chart Link

    hope you guys appreciate why

    Posted by matt on 27th of Feb 2020 at 11:51 am

    hope you guys appreciate why I posted those candle zoom charts in the morning. Times like this you have to drill down and focus on the candles like that

    Matt - I aint going

    Posted by ssaffer on 27th of Feb 2020 at 12:27 pm

    Matt - I aint going to lie.  I was sweating this am with the free fall waiting for the market to catch a bid.   Best thing I did was walk away from the screen and walk the dogs.  Trust my work and know my defined risk.   Days like these so important to have a trading plan and stay the course.  

    Ssaffer, I so agree with

    Posted by cozz101 on 27th of Feb 2020 at 01:00 pm

    Ssaffer, I so agree with this... Matt and Steve said it would be best for a gap down and recovery for a possible rebound so I hung in there and walked away too. I'm glad I did; having a trading plan from the beginning is a must... in trading nothing good ever comes from panic...

    Hoping this is a short term capitulation day and we get a decent rebound! 

    Panic - You are operating

    Posted by ssaffer on 27th of Feb 2020 at 01:17 pm

    Panic - You are operating in primordial brain (flight and fright).  Your decisions will be emotional and not rational.  I always try to keep this formula in my head when faced with a big decision.  I/E.   I(Intellect)/ E (emotion).  So I always check in with this formula to see if I am overweight Intellect or else I am in an emotional mind and that could prove to be a bad decision.  

    Fear and Greed kills .... 

    Posted by mla127 on 27th of Feb 2020 at 12:32 pm

    Fear and Greed kills ....  it kills your P&L ...  lol 

    MC Hammer time on the

    Posted by disciple33 on 27th of Feb 2020 at 10:40 am

    MC Hammer time on the 15m, so far.

    I think I was in

    Posted by matt on 27th of Feb 2020 at 10:48 am

    I think I was in HS when that song came out those were the days

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