profmel -yes markets gap all the time now, in fact big gaps are
just the new normal now.
anyway for myself - I take trades on ES or MES all the time in
the evening - whenever I see my trusty abc pullbacks after an
initial up move for a long, or a short if it's an abc move after an
initial down move.
Otherise I'll be going over this Trend type daily strategy with
rules I look at. I'll show you some simple tricks such as how
I use 60 and 34 length Stochasics buy very low risk areas and other
things. Otherwise despite the gaps, otherwise the daily trends
still are really unaffected. Now if you are trading short term then
yes
otherwise today Friday, I like to work on systems on these type
of days. And for my trading I'm simply buying small abc pullbacks
on 5, 3, 2, 1 min ES charts.
here's a couple things I use to buy a simple pullback - 60
length and 34 length Stochastics: as you know when trending over
50% market is uptrending. During corrections many times you get
pullbacks where the 60 or 34 Stochastic comes down and kisses the
50% area, I call it a 50% Kiss buy signal. you buy the
reversal bar up where %K crosses over %D and you place your stop at
the previous candle low.
and another example identifying ABC pullback in the market - use
a 60 Stochastic - see the last two images, typically it will have 3
waves down, then once it has C move down, buy the %K crossing over
the %D with stop at the previous candle low
those are some rules on the Trend system to get back in early.
Also methods like that are fractal work on any time frame
here's some early beta images of the daily DVT daily trend type
system where it can do entries and not just DVT stops.
Currently I have the very oversold condition working that I
showed the other day - so you can see the buy signal on Mar 25th,
and 2009 lows etc via the dotted green line - that's drawn in
automatically by the indicator system.
Currently I'm working on adding the 60 and 34 Stochastic buy
signals in as well - that won't be added until next week.
It's complicated but coming along, still a LOT to do, and
everything I have the programmer add some new logic rules seems
like something else breaks, so it's a lot of back and forth getting
all the rules added over time, checking, fixing bugs, then adding
new stuff
profmel -yes markets gap all
We're all watching 2955 so with a 30-40 gap opening ...
Posted by matt on 8th of May 2020 at 12:07 pm
profmel -yes markets gap all the time now, in fact big gaps are just the new normal now.
anyway for myself - I take trades on ES or MES all the time in the evening - whenever I see my trusty abc pullbacks after an initial up move for a long, or a short if it's an abc move after an initial down move.
Otherise I'll be going over this Trend type daily strategy with rules I look at. I'll show you some simple tricks such as how I use 60 and 34 length Stochasics buy very low risk areas and other things. Otherwise despite the gaps, otherwise the daily trends still are really unaffected. Now if you are trading short term then yes
otherwise today Friday, I like to work on systems on these type of days. And for my trading I'm simply buying small abc pullbacks on 5, 3, 2, 1 min ES charts.
Thank you - I'll get
Posted by profmel on 8th of May 2020 at 12:33 pm
Thank you - I'll get eventually! TRULY appreciate both Steve's and your guidance. And saffer, rp, etc -- ALL very much appreciated!
here's a couple things I
Posted by matt on 8th of May 2020 at 12:21 pm
here's a couple things I use to buy a simple pullback - 60 length and 34 length Stochastics: as you know when trending over 50% market is uptrending. During corrections many times you get pullbacks where the 60 or 34 Stochastic comes down and kisses the 50% area, I call it a 50% Kiss buy signal. you buy the reversal bar up where %K crosses over %D and you place your stop at the previous candle low.
and another example identifying ABC pullback in the market - use a 60 Stochastic - see the last two images, typically it will have 3 waves down, then once it has C move down, buy the %K crossing over the %D with stop at the previous candle low
those are some rules on the Trend system to get back in early. Also methods like that are fractal work on any time frame
here's some early beta images
Posted by matt on 8th of May 2020 at 12:28 pm
here's some early beta images of the daily DVT daily trend type system where it can do entries and not just DVT stops. Currently I have the very oversold condition working that I showed the other day - so you can see the buy signal on Mar 25th, and 2009 lows etc via the dotted green line - that's drawn in automatically by the indicator system.
Currently I'm working on adding the 60 and 34 Stochastic buy signals in as well - that won't be added until next week. It's complicated but coming along, still a LOT to do, and everything I have the programmer add some new logic rules seems like something else breaks, so it's a lot of back and forth getting all the rules added over time, checking, fixing bugs, then adding new stuff
This is going to be
Posted by cozz101 on 9th of May 2020 at 02:04 pm
This is going to be great when ready for prime time...I look forward to it!