imelhoe - Examine the charts on the time frame YOU TRADE and
respect triggers - SPX bounced after forming a divergent low as I
posted below on the intraday charts. I'm going to say this
one more time, develop a trading methodology in conjunction with
your risk tolerance and then put a plan into action. Don't
depend upon someone else to tell you what to do (especially in a
volatile market). Your approach and time frame will dictate
how and what you trade. Until you have that FIRMLY in place i
suggest you avoid trading.
He was talking to me. I've been whining for a few weeks --
trying to get my plan in place. Gotta change my mindset on being
happy with what market gives me on trades and leave the other 401k
long-term stuff alone. I'm learning but trying not to be a
squeaky wheel!
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https://www.tradingview.com/x/DcnqZIHM/ SPY look to be forming
Posted by Orangeman on 12th of Jun 2020 at 02:04 pm
https://www.tradingview.com/x/DcnqZIHM/
SPY look to be forming falling wedge on 15m - some divergence - note the gaps below (green boxes)
might have to wait for turn-around tuesday for longs... Tho I did book the SPY RMT long shortly after the open this morning - thanks for that Matt.
SPX bouncing from a divergent
Posted by steve on 12th of Jun 2020 at 02:30 pm
SPX bouncing from a divergent low intraday -
50 point bounce on SPX
Posted by steve on 12th of Jun 2020 at 03:21 pm
50 point bounce on SPX but still lower highs in place - Trim and Trail in accordance with your plan
steve or matt, does it
Posted by imelhoe on 12th of Jun 2020 at 02:38 pm
steve or matt, does it look like we may take a spy long from oversold levels to next week?
imelhoe - Examine the charts
Posted by steve on 12th of Jun 2020 at 03:04 pm
imelhoe - Examine the charts on the time frame YOU TRADE and respect triggers - SPX bounced after forming a divergent low as I posted below on the intraday charts. I'm going to say this one more time, develop a trading methodology in conjunction with your risk tolerance and then put a plan into action. Don't depend upon someone else to tell you what to do (especially in a volatile market). Your approach and time frame will dictate how and what you trade. Until you have that FIRMLY in place i suggest you avoid trading.
i know what i'm doing
Posted by imelhoe on 12th of Jun 2020 at 03:24 pm
i know what i'm doing and just asking ahead if matt was going to do a long as he did yesterday but i will wait to end of day. don't need to be snippy
He was talking to me.
Posted by profmel on 12th of Jun 2020 at 03:27 pm
He was talking to me. I've been whining for a few weeks -- trying to get my plan in place. Gotta change my mindset on being happy with what market gives me on trades and leave the other 401k long-term stuff alone. I'm learning but trying not to be a squeaky wheel!