I've clarified this in the last few newsletters already - that
DVTS showing in the chart last night and on Monday and
Tuesday that's where it would be if one was still long and did NOT
stop out on the one we were using officailly. I stated technically
the one we were using was hit but that if you did not sell you
could use this one to contniue managing your long. I stated that I
probably had those too tight in the settings and would be using
this version going forward, but I clarified the original was hit.
Notice that NEW DVTS stop isn't listed on the spreadsheet
for example, which shows there orignial which was stopped
out. always listen to my comments in newsletters on that, I
know some of you skip around using the new player and don't listen
to everything that's great, but on questions like that good to go
and listen to comments on that chart in newsletters - here's
Monday's Newsletter - listen to #9 on the new player,
https://breakpointtrades.com/market_analysis/new_player/?nl_id=4591
that said - been thinking about this: What might be best
is that until I fully have all the rules fully set for the trend
systems ENTRIES - what I mean that is entries not just
exits. The DVTS section I think it might make sense to simply
display theDVTS as stops for weekly, daily, 120 min, 60 min -
and then set an alert on the website that would send those out of
it.
Basically - they would not tell you where to go long - they
would simply
be stop ideas for those respective time frames on the
market if you were long. Kind of like a 1/2 system. You
went long the SPX or SPY previously on whatever your trigger or
timeframe was/is and then these would be for stop level ideas for
those time frames. You would be long based on your own entry - and
those would be for stops. This is actually what I use them
myself - even in my day trading those last couple videos I made - I
go long or short based on a MACD crossing zero and waiting for a
pullback - then I use the DVTS stops to manage my trade - but not
for entry.
then later on when my trend entry idea is fully done I could
bring that back on board. I'm pretty far into the rules now
but it's complicated as hell -
I will be doing a video on rules that I'm looking at for entries
to show you what I'm looking at as far as rules and triggers, which
might also be useful for you guys to use on your own and
learn
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Matt - Can you explain
Posted by shecar on 1st of May 2020 at 10:35 am
Matt - Can you explain how you got to 2807 on the DVT on the 2hr SPX chart?
I've clarified this in the
Posted by matt on 1st of May 2020 at 11:05 am
I've clarified this in the last few newsletters already - that DVTS showing in the chart last night and on Monday and Tuesday that's where it would be if one was still long and did NOT stop out on the one we were using officailly. I stated technically the one we were using was hit but that if you did not sell you could use this one to contniue managing your long. I stated that I probably had those too tight in the settings and would be using this version going forward, but I clarified the original was hit. Notice that NEW DVTS stop isn't listed on the spreadsheet for example, which shows there orignial which was stopped out. always listen to my comments in newsletters on that, I know some of you skip around using the new player and don't listen to everything that's great, but on questions like that good to go and listen to comments on that chart in newsletters - here's Monday's Newsletter - listen to #9 on the new player, https://breakpointtrades.com/market_analysis/new_player/?nl_id=4591
that said - been thinking about this: What might be best is that until I fully have all the rules fully set for the trend systems ENTRIES - what I mean that is entries not just exits. The DVTS section I think it might make sense to simply display theDVTS as stops for weekly, daily, 120 min, 60 min - and then set an alert on the website that would send those out of it.
Basically - they would not tell you where to go long - they would simply be stop ideas for those respective time frames on the market if you were long. Kind of like a 1/2 system. You went long the SPX or SPY previously on whatever your trigger or timeframe was/is and then these would be for stop level ideas for those time frames. You would be long based on your own entry - and those would be for stops. This is actually what I use them myself - even in my day trading those last couple videos I made - I go long or short based on a MACD crossing zero and waiting for a pullback - then I use the DVTS stops to manage my trade - but not for entry.
then later on when my trend entry idea is fully done I could bring that back on board. I'm pretty far into the rules now but it's complicated as hell - I will be doing a video on rules that I'm looking at for entries to show you what I'm looking at as far as rules and triggers, which might also be useful for you guys to use on your own and learn