Posted by tmbrook1 on 16th of Sep 2020 at 01:43 pm
I have ask before but no one responded. Could someone
please explain to me the purpose of the alarm price and second
alarm price on the trade ideas. I have looked through the
educational materials and videos but still do not understand.
Is this the price that triggers going into the trade.
tmbrook1 - I didn't see your question, Steve and I don't ignore
people, we are busy, we post when we can but we are trading etc, so
we miss posts. Also best to just send me a pm or write into support
for admin questions
anyway I responded to a new guy about the alarms, what's already
in the FAQ from way back in 2012 mostly still applies. The 2nd
alarm that's for like if it's an either or play long/short, and one
alarm price for the short, and one for long. Again they are
not buy or sell signals, it's just like you putting a list of
stocks in a quote panel and setting some alarm prices to alert you
when price nears a trigger point you designated might be
important.
again quite honestly you guys should not rely only on those, the
data is delayed, for the trade ideas you want to track, it's best
for you to write down the stocks you like and put them in your own
quote list. There's so substitute for putting in some effort doing
that, make a list each time, spend 15 min, or do it early in the
morning.
In summary it is not the price that triggers the trade. Other
than the spy system they do not send out buy or sell prices. The
alarm is set near an area that price MAY break to the upside
for a long or down for a short. Never buy off an alarm, it's purely
a heads up that if you're tracking a potential stock entry that
it's price has hit that alarm price, and it may be in a place to
trigger. The expectation here is that you determine what your
trigger is before price hits that alarm price. The alarm simply
helps you know that price is near an inflection point, and
depending on your criteria to enter a trade, price may be near that
point.
Regarding the second alarm price my understanding is, when they
put a trade idea that looks like it could either break to the
upside for a long or break to the downside for a short, the first
alarm is a heads up that price is moving to the upside and may fit
your criteria to go long, while the second alarm is a heads up that
price is breaking to the downside and may fit your criteria to go
short. Generally speaking I find that by the time an alarm goes off
as, price has moved past what I want to buy it at, so I don't focus
on the alarm, but instead review the trade ideas and
determine what my trigger would be to initiate a trade.
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I have ask before but
Posted by tmbrook1 on 16th of Sep 2020 at 01:43 pm
I have ask before but no one responded. Could someone please explain to me the purpose of the alarm price and second alarm price on the trade ideas. I have looked through the educational materials and videos but still do not understand. Is this the price that triggers going into the trade.
Thanks
tmbrook1 - I didn't see your
Posted by matt on 16th of Sep 2020 at 02:17 pm
tmbrook1 - I didn't see your question, Steve and I don't ignore people, we are busy, we post when we can but we are trading etc, so we miss posts. Also best to just send me a pm or write into support for admin questions
anyway I responded to a new guy about the alarms, what's already in the FAQ from way back in 2012 mostly still applies. The 2nd alarm that's for like if it's an either or play long/short, and one alarm price for the short, and one for long. Again they are not buy or sell signals, it's just like you putting a list of stocks in a quote panel and setting some alarm prices to alert you when price nears a trigger point you designated might be important.
https://breakpointtrades.com/blog/post/330096/
again read that last post click the URL above, this discusses what those pop out alarms are and how to treat them.
also you can see a list of triggered ones from the Alarms button at the top of this blog
https://breakpointtrades.com/blog/post/330096/
again quite honestly you guys should not rely only on those, the data is delayed, for the trade ideas you want to track, it's best for you to write down the stocks you like and put them in your own quote list. There's so substitute for putting in some effort doing that, make a list each time, spend 15 min, or do it early in the morning.
Matt explains what the first
Posted by focus175 on 16th of Sep 2020 at 02:14 pm
Matt explains what the first alarm price is here. https://breakpointtrades.com/blog/post/330093/
In summary it is not the price that triggers the trade. Other than the spy system they do not send out buy or sell prices. The alarm is set near an area that price MAY break to the upside for a long or down for a short. Never buy off an alarm, it's purely a heads up that if you're tracking a potential stock entry that it's price has hit that alarm price, and it may be in a place to trigger. The expectation here is that you determine what your trigger is before price hits that alarm price. The alarm simply helps you know that price is near an inflection point, and depending on your criteria to enter a trade, price may be near that point.
Regarding the second alarm price my understanding is, when they put a trade idea that looks like it could either break to the upside for a long or break to the downside for a short, the first alarm is a heads up that price is moving to the upside and may fit your criteria to go long, while the second alarm is a heads up that price is breaking to the downside and may fit your criteria to go short. Generally speaking I find that by the time an alarm goes off as, price has moved past what I want to buy it at, so I don't focus on the alarm, but instead review the trade ideas and determine what my trigger would be to initiate a trade.