Markets are fluid and subject to change as we all know - key is
to establish a methodology that fits with your beliefs. You
can also incorporate a hybrid approach with your portfolio by
position investing certain funds for longer term (accepting
volatility until EVIDENCE changes) and dedicating other funds to
short term trading. Those are decisions for each individual.
If you have yet to formalize an investing/trading approach
please take some time to formalize a template - you can always
adjust but it's best to have something in place. From there,
you should formulate a PLAN that entails your objectives.
Once a plan is in place, then you can refine down to which
specific securities you want to invest and/or trade. This is
a TOP DOWN approach that should be enacted PRIOR to looking for
trades. Just like a Football team(or any sports team) - the
General manager has a vision/approach on how he/she wants to build
a team. Then he/she hires a coach to devise a scheme around those
players to maximize their talents. Next, the coach puts
into place a weekly game plan (making necessary adjustments) before
finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a
consultant/assistant coach who helps to make your job easier
along the way. We provide daily analysis of several markets
which helps to provide some guidance as to how we see things.
We also spend a considerable amount of time providing tips
and educational examples to help execute you plan. Think of
the DVT approach for swing trades and the nightly discussion of
charts involving patterns and candlesticks, etc. We
also scan for and offer trade suggestions (ideas) that we believe
are valid setups and we take time to review the triggered setups in
the following days. Partake in only the ideas that fit into
your plan and simply ignore ones that don't. Finally, we
spend time posting relevant comments and numerous charts every day
in the trading community relating to what transpiring during that
trading session and updating trade ideas.
I'm not big on the sold narratives or reasons for why things did
this or that on a certain day either. Whoever is running the market
show, algos, I call them "Oz" ultimately knows where it is going
and takes it there, I just buy or sell based on prices. A lot less
headache.
I don't have any emotional attachment and that enables me to
operate day to day easily in accordance with my plan. I also don't
watch all the ticks, I've found it to not be good for my health or
outlook on life. Checking how things look on the close is often
enough for me to see if any adjustments need to be made or not. To
each is own. I've learned to be me because that is the only person
I can be.
not sure what you are asking - here's an image of the KISS
charts with the cycles and ATR's etc - we'll probably see a cycle
support show up sometime on the 130 min and 1/2 day but not yet.
ATR was lost last week on the 60 min and 130 min, and this
morning lost on the 1/2 day. Still holding on the daily, getting
close at 4130 approx
Posted by DigiNomad on 22nd of Aug 2022 at 10:08 am
"ATR was lost last week on the 60 min and 130 min, and this
morning lost on the 1/2 day. Still holding on the daily" -
answered my question. That's what I thought but wasn't sure.
Thanks!
Posted by DigiNomad on 1st of Jul 2022 at 01:35 pm
Steve, agree completely. Just thinking that maybe SMH good for a
short term trade since the ribbons are so wide on most time frames
and we are sitting on major support (very very slightly below).
Looking for an entry with a stop at today's lows.
Top Down Approach Discussion and how to View BPT
Posted by steve on 13th of Jun 2020 at 01:48 pm
Markets are fluid and subject to change as we all know - key is to establish a methodology that fits with your beliefs. You can also incorporate a hybrid approach with your portfolio by position investing certain funds for longer term (accepting volatility until EVIDENCE changes) and dedicating other funds to short term trading. Those are decisions for each individual. If you have yet to formalize an investing/trading approach please take some time to formalize a template - you can always adjust but it's best to have something in place. From there, you should formulate a PLAN that entails your objectives. Once a plan is in place, then you can refine down to which specific securities you want to invest and/or trade. This is a TOP DOWN approach that should be enacted PRIOR to looking for trades. Just like a Football team(or any sports team) - the General manager has a vision/approach on how he/she wants to build a team. Then he/she hires a coach to devise a scheme around those players to maximize their talents. Next, the coach puts into place a weekly game plan (making necessary adjustments) before finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a consultant/assistant coach who helps to make your job easier along the way. We provide daily analysis of several markets which helps to provide some guidance as to how we see things. We also spend a considerable amount of time providing tips and educational examples to help execute you plan. Think of the DVT approach for swing trades and the nightly discussion of charts involving patterns and candlesticks, etc. We also scan for and offer trade suggestions (ideas) that we believe are valid setups and we take time to review the triggered setups in the following days. Partake in only the ideas that fit into your plan and simply ignore ones that don't. Finally, we spend time posting relevant comments and numerous charts every day in the trading community relating to what transpiring during that trading session and updating trade ideas.
Hi Steve - Who's the Nick/Nickikeak
Posted by jephrey on 31st of Oct 2022 at 12:13 am
Hi Steve -
Who's the Nick/Nickikeak to whom you're referring in tonight's news letter?
Jephrey...please take time to review
Posted by steve on 31st of Oct 2022 at 05:55 am
Jephrey...please take time to review ALL of my previous posts this weekend and that will answer your question.
Here you go - https://www.zerohedge.com/markets/did-nikileaks-just-kill-dovish-fed-narrative-he-launched
Posted by racerick on 31st of Oct 2022 at 12:49 am
Here you go - https://www.zerohedge.com/markets/did-nikileaks-just-kill-dovish-fed-narrative-he-launched
zerohedge.com
Did NikiLeaks Just Kill The Dovish Fed Narrative He Launched | ZeroHedge
Those who think the Fed would not dare crash the market 6 days before the midterms may want to reassess.
Re Some guy named Nick.
Posted by brophy on 31st of Oct 2022 at 09:18 am
Re Some guy named Nick. I never listen to rumors, no matter where they come from. There is nothing in any of the data ( or charts!) that says pivot.
I'm not big on the
Posted by fundamentalvalues on 31st of Oct 2022 at 09:28 am
I'm not big on the sold narratives or reasons for why things did this or that on a certain day either. Whoever is running the market show, algos, I call them "Oz" ultimately knows where it is going and takes it there, I just buy or sell based on prices. A lot less headache.
I don't have any emotional attachment and that enables me to operate day to day easily in accordance with my plan. I also don't watch all the ticks, I've found it to not be good for my health or outlook on life. Checking how things look on the close is often enough for me to see if any adjustments need to be made or not. To each is own. I've learned to be me because that is the only person I can be.
Thank you!
Posted by jephrey on 31st of Oct 2022 at 02:38 am
Thank you!
SPX Cycles - Do we
Posted by DigiNomad on 22nd of Aug 2022 at 09:55 am
SPX Cycles - Do we have a sell on all time frames except the daily now?
not sure what you are
Posted by matt on 22nd of Aug 2022 at 10:03 am
not sure what you are asking - here's an image of the KISS charts with the cycles and ATR's etc - we'll probably see a cycle support show up sometime on the 130 min and 1/2 day but not yet. ATR was lost last week on the 60 min and 130 min, and this morning lost on the 1/2 day. Still holding on the daily, getting close at 4130 approx
"ATR was lost last week
Posted by DigiNomad on 22nd of Aug 2022 at 10:08 am
"ATR was lost last week on the 60 min and 130 min, and this morning lost on the 1/2 day. Still holding on the daily" - answered my question. That's what I thought but wasn't sure. Thanks!
Trying to hold the S2
Posted by flredsox on 26th of Jul 2022 at 12:15 pm
Trying to hold the S2 Pivot, seems like a cat hanging on to the edge of a pool
Steve, agree completely. Just thinking
Posted by DigiNomad on 1st of Jul 2022 at 01:35 pm
Steve, agree completely. Just thinking that maybe SMH good for a short term trade since the ribbons are so wide on most time frames and we are sitting on major support (very very slightly below). Looking for an entry with a stop at today's lows.
Just hoping you caught those
Posted by steve on 1st of Jul 2022 at 01:41 pm
Just hoping you caught those AMD and NVDA shorts
yeah and I covered them
Posted by matt on 1st of Jul 2022 at 01:52 pm
yeah and I covered them again last night
why would the VIX not
Posted by Walt on 5th of May 2022 at 04:02 pm
why would the VIX not have reached 38-39 on a day like this?
Probably because of what Steve
Posted by rfa300 on 5th of May 2022 at 04:06 pm
Probably because of what Steve posted earlier. See below
maybe meaning a lot of
Posted by kevindeng0727 on 5th of May 2022 at 04:03 pm
maybe meaning a lot of room for it to run higher?
Thanks, Matt -- appreciate it.
Posted by mstaples37 on 25th of Oct 2021 at 05:05 pm
Thanks, Matt -- appreciate it. Looking forward to seeing those things you've been working on!
Steve, how does one access
Posted by bharvey96 on 30th of Sep 2020 at 01:35 pm
Steve, how does one access the "Ciovacco Historical Perspective Charts?" I would imagine you need to be a client?
He puts out a weekly
Posted by steve on 30th of Sep 2020 at 01:41 pm
He puts out a weekly video via Twitter on Friday Night
Hi Matt/steve, is today highly
Posted by kevindeng0727 on 16th of Jun 2020 at 09:18 am
Hi Matt/steve, is today highly likely to be a trend day?