Here's a 3 1/2 min educational video that I just recorded for
you a few min ago. As you know I do a lot of trading and
using the BPT MA Deluxe for higher low stops. I know most of you
don't have that indicator and in place of that you can use
traditional indicators like a 3 RSI in place, or a 2 or 3
Stochastic, 3 Williams %R, so here's a video showing a 3 min ES
chart that I went long this morning and have now raised my stop 4
times. Again as I told you yesterday my perferred method to go long
is to see the MACD cross above zero which I don't buy, I buy an abc
pullback instead (typically the MA ribbon will pinch and price will
get close to an ATR indicator etc). I then set my stop and
trail it up via the BPT MA Deluxe going red to green. However in
this video I show you the same thing using the 3 RSI indicator -
all of you have the RSI, a MA Ribbon, a MACD, an ATR.
here's an updated view on that stop video I made this morning.
Price went higher after I made the video and you would have had a
6th stop before getting stopped out
There is a gap at ~300 (spy), the 30 week moving average at
~300, and theoretical resistance at 298 as well from major tops in
2019, and we are oversold on the slow STO. I'll be watching
~300 intently.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
New Educational video setting higher low stops using traditional indicators if you don't have the BPT MA Deluxe
Posted by matt on 29th of Apr 2020 at 12:16 pm
Here's a 3 1/2 min educational video that I just recorded for you a few min ago. As you know I do a lot of trading and using the BPT MA Deluxe for higher low stops. I know most of you don't have that indicator and in place of that you can use traditional indicators like a 3 RSI in place, or a 2 or 3 Stochastic, 3 Williams %R, so here's a video showing a 3 min ES chart that I went long this morning and have now raised my stop 4 times. Again as I told you yesterday my perferred method to go long is to see the MACD cross above zero which I don't buy, I buy an abc pullback instead (typically the MA ribbon will pinch and price will get close to an ATR indicator etc). I then set my stop and trail it up via the BPT MA Deluxe going red to green. However in this video I show you the same thing using the 3 RSI indicator - all of you have the RSI, a MA Ribbon, a MACD, an ATR.
CLICK HERE to watch the video - getting long, setting stops
Thanks for the Videos thy
Posted by srusso1 on 1st of May 2020 at 12:28 pm
Thanks for the Videos thy do explain how you look at the carts good work
here's an updated view on
Posted by matt on 29th of Apr 2020 at 08:16 pm
here's an updated view on that stop video I made this morning. Price went higher after I made the video and you would have had a 6th stop before getting stopped out
Thanks for this educational video.
Posted by rfmathis on 29th of Apr 2020 at 04:44 pm
Thanks for this educational video. Really great stuff. Not super-efficient with Stockcharts yet; but I am anxious to set this up and see how it works!
check out the new educational
Posted by matt on 29th of Apr 2020 at 12:16 pm
check out the new educational video I posted
I noticed a gap overhead
Posted by lsherrer on 29th of Apr 2020 at 01:15 pm
I noticed a gap overhead on your 2-hour chart formed back in early March. Filling that would take the SPX to just over 3000.
There is a gap at
Posted by erikvik on 29th of Apr 2020 at 01:17 pm
There is a gap at ~300 (spy), the 30 week moving average at ~300, and theoretical resistance at 298 as well from major tops in 2019, and we are oversold on the slow STO. I'll be watching ~300 intently.