SPX 5 min

    Posted by matt on 6th of Mar 2020 at 11:28 am

    $SPX - Chart Link - was another easy MA pinch short there

    Update: SPX 5 min

    Posted by matt on 6th of Mar 2020 at 01:12 pm

    $SPX - Chart Link - price struggling at the 50 SMA on the 5 min

    Matt - Any particular keys

    Posted by shecar on 6th of Mar 2020 at 11:57 am

    Matt - Any particular keys to deciphering whether it is a pinch vs starting to cross back up?

    yes but it's also a

    Posted by matt on 6th of Mar 2020 at 12:04 pm

    yes but it's also a lot of visual feel that you start to get a 'feel' for after looking at enough of them that is hard to describe. That's why it's important that you look at example after example, start doing them.

    however - remember you NEED a trigger!  you don't just buy or short because you get an MA pinch, look for a trigger like a doji candle something that like where you can have a tight stop and a logical trigger off of

    so if you get an MA pinch, if you see a trigger you can take the trade with a tight stop and entry and if it doesn't work it doesn't matter because you had a tight stop

    for example see image. you

    Posted by matt on 6th of Mar 2020 at 12:11 pm

    for example see image. you see the ribbons pinch, you look for a trigger, at times as you know the MA ribbons may simply cross when they pinch instead of reversing back in the trend.  many times you won't get a trigger and the condition will go away.  You need a trigger, no trigger no trade. And like I said you try to time your triggers so that if you get in and stopped out, it's tiny. Here's a zoomed in view of that chart

    Helpful, thank you. 

    Posted by shecar on 6th of Mar 2020 at 02:53 pm

    Helpful, thank you. 

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