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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Matt explains what the first
I have ask before but no one responded. Could someone ...
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.