I don't worry about the VWAP that much. I'll monitor it.
Otherwise my trigger is watching the MA ribbon, it pinched. I want
to see an obvious abc, which we got. It was almost perfectly
symmetrical with C = A. Then I look to trigger off a candlestick
low, then place my stop at the candlestick high once I'm
triggered
retirefire- see my sticky post - great educational example. also
I've been marking posts like this for educational that get saved
into a database, so I'm starting to build a library/database for
these. Eventually I'll make all those available to folks
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Matt how did you ascertain
SPX 5 min
Posted by retirefire on 13th of May 2020 at 11:55 am
Matt how did you ascertain an entry price?. I waited for back test of VWAP. TY
I don't worry about the
Posted by matt on 13th of May 2020 at 11:57 am
I don't worry about the VWAP that much. I'll monitor it. Otherwise my trigger is watching the MA ribbon, it pinched. I want to see an obvious abc, which we got. It was almost perfectly symmetrical with C = A. Then I look to trigger off a candlestick low, then place my stop at the candlestick high once I'm triggered
MATT, hanks for a great
Posted by mdgfain on 13th of May 2020 at 12:14 pm
MATT, hanks for a great call! Support at 2798. Good place to take some profits? I have SPXU 5/15 puts. Thanks!
Got it, sorry for repeat
Posted by retirefire on 13th of May 2020 at 12:03 pm
Got it, sorry for repeat question.
retirefire - see my sticky post
Posted by matt on 13th of May 2020 at 12:05 pm
retirefire - see my sticky post - great educational example. also I've been marking posts like this for educational that get saved into a database, so I'm starting to build a library/database for these. Eventually I'll make all those available to folks