hi Matt, trying to follow along and learn , so how do you
measure target of upmove and when where do you start to go short
again based on your method. if it breaks symmetry, are you saying
the low for the day is put in.?
targets etc, one can use symmetry - but otherwise when day
trading here I just play it by ear i.e. continue to raise my stop
to each higher low until I'm stopped out or decide to exit based
off a resistance level or if I see a MACD divergence etc.
Basically it's a combination of things, not an easy one
answer
It would help the inevitable confusion of the masses if you
could note that on the yellow sticky or remove the sticky so folks
don't think the possibility still exists under current
conditions. You can always repost if it falls out of bed
later today.
don't get caught up in the time frames I showed. It's all
fractal - can be anything. yesterday I showed a 5 min and a 1
min. I also do this on a 60 min and 15 min for example. 30 min and
10 min. Daily and 60 min. The time frames don't matter, they are
relative to the time frame you are looking at, it's fractal.
The whole point of the educational series is that you see a
setup on one time frame, then use a smaller time frame to see an
obvious abc and fine tune your entry on that smaller time frame. it
could be a setup on a weekly chart and then using a daily for your
entry. see my point guys
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
hi Matt, trying to follow
SPX educational 5 and 1 min
Posted by imelhoe on 14th of May 2020 at 12:45 pm
hi Matt, trying to follow along and learn , so how do you measure target of upmove and when where do you start to go short again based on your method. if it breaks symmetry, are you saying the low for the day is put in.?
targets etc, one can use
Posted by matt on 14th of May 2020 at 12:49 pm
targets etc, one can use symmetry - but otherwise when day trading here I just play it by ear i.e. continue to raise my stop to each higher low until I'm stopped out or decide to exit based off a resistance level or if I see a MACD divergence etc. Basically it's a combination of things, not an easy one answer
It would help the inevitable
Posted by 24kau on 14th of May 2020 at 12:55 pm
It would help the inevitable confusion of the masses if you could note that on the yellow sticky or remove the sticky so folks don't think the possibility still exists under current conditions. You can always repost if it falls out of bed later today.
i see you are using
Posted by imelhoe on 14th of May 2020 at 12:50 pm
i see you are using a one min chart, so have to keep changing time frames. i do think we will pull back today and trying to figure out good support.
don't get caught up in
Posted by matt on 14th of May 2020 at 12:54 pm
don't get caught up in the time frames I showed. It's all fractal - can be anything. yesterday I showed a 5 min and a 1 min. I also do this on a 60 min and 15 min for example. 30 min and 10 min. Daily and 60 min. The time frames don't matter, they are relative to the time frame you are looking at, it's fractal. The whole point of the educational series is that you see a setup on one time frame, then use a smaller time frame to see an obvious abc and fine tune your entry on that smaller time frame. it could be a setup on a weekly chart and then using a daily for your entry. see my point guys