$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
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 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 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 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.
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