Posted by simpsongc on 15th of Apr 2020 at 11:28 pm
Matt, I love these setups I have noticed that you usually have a
trend line drawn in that is broken on the entry candle. In this
case the ribbon pinched 3 or 4 bars before and you had a couple of
up bars you could have entered on. Were you waiting for a lower
high so you could draw a down trend line as I have shown before you
entered? Just trying to better understand the entry logic.
Update: Update: Update: Update: Update: SPX 5 min
SPX 5 min
Posted by matt on 15th of Apr 2020 at 03:01 pm
$SPX - Chart Link - nice long off that MA ribbon pinch I drew in real time a hr ago
UPRO - Chart Link
Matt, I love these setups
Posted by simpsongc on 15th of Apr 2020 at 11:28 pm
Matt, I love these setups I have noticed that you usually have a trend line drawn in that is broken on the entry candle. In this case the ribbon pinched 3 or 4 bars before and you had a couple of up bars you could have entered on. Were you waiting for a lower high so you could draw a down trend line as I have shown before you entered? Just trying to better understand the entry logic.
New png file
Posted by simpsongc on 15th of Apr 2020 at 11:30 pm
New png file