regarding the DVTS - here's the daily chart - it shows a DVTS
there at the higher low 2447, HOWEVER that said, technically the
market is not in an uptrend. I think the DVTS stops are best used
when you are uptrending. The daily and weekly charts are not
uptrending. Note price is nearing the ATR indicator, it's basically
at 2800 (which by the way that's a super low risk short area if we
get close to that). MACD remains below zero, and 60 Stochastic
remains below zero.
Again guys - what it is very complicated is for me to develop a
full system that enters trades then uses the DVTS. That will
take time to develop. In the meantime the way I envision to
best utilize the DVTS is as a management system. If you are long -
well it will tell you where the DVTS stops are. Obviously
it's fractal - weekly, daily, 120 min, 60 min.
on the spreadsheet I'll go ahead and add the daily DVTS
price.
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regarding the DVTS - here's
New DVT 120 min
Posted by matt on 8th of Apr 2020 at 02:50 pm
regarding the DVTS - here's the daily chart - it shows a DVTS there at the higher low 2447, HOWEVER that said, technically the market is not in an uptrend. I think the DVTS stops are best used when you are uptrending. The daily and weekly charts are not uptrending. Note price is nearing the ATR indicator, it's basically at 2800 (which by the way that's a super low risk short area if we get close to that). MACD remains below zero, and 60 Stochastic remains below zero.
Again guys - what it is very complicated is for me to develop a full system that enters trades then uses the DVTS. That will take time to develop. In the meantime the way I envision to best utilize the DVTS is as a management system. If you are long - well it will tell you where the DVTS stops are. Obviously it's fractal - weekly, daily, 120 min, 60 min.
on the spreadsheet I'll go ahead and add the daily DVTS price.