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
for example see image. you
SPX 5 min
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.