remember that 120 min system I messed with last year. I
like that time frame for trend that is not too whippy.
here's a couple clean 120 min charts. Notice the rally stalled
right at the ATR indicator yesterday. monitor the ribbons,
the Squeeze which stalled under zero.
the other thing I monitor as you know is the 60 Stochastic,
needs to get over 50% level and confirm, and ATR
looking over some on the daily KISS where you have those abc
buys show up and using a 120 min chart as a filter where when you
get an abc buy on the daily KISS you also want to see price on the
120 min be above the ATR and 60 Stochastic to be crossing above
50%. When I look at most examples in the past the two confirm well
with each other, a couple times the 120 min kept you out of a
whipsaw which is great, and once where it had you wait an extra day
where you bought a bit higher.
clearly yesterday on that QQQ chart this filter would have said
no go on the QQQ daily because on the 120 min price 60 Stochastic
was no where close to going above 50% and price stalled below the
ATR.
I have to investigate further but going forward I may use this
combo. Like I told you guys, this stuff is not static, it's
never done, always improving and adding tweaks and filters as I
learn more over time.
also I may do a video sometime on this so I can show examples.
Otherwise here's a visual example
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120 min charts
Posted by matt on 23rd of Sep 2020 at 12:26 pm
remember that 120 min system I messed with last year. I like that time frame for trend that is not too whippy.
here's a couple clean 120 min charts. Notice the rally stalled right at the ATR indicator yesterday. monitor the ribbons, the Squeeze which stalled under zero.
the other thing I monitor as you know is the 60 Stochastic, needs to get over 50% level and confirm, and ATR
looking over some on the
Posted by matt on 23rd of Sep 2020 at 02:04 pm
looking over some on the daily KISS where you have those abc buys show up and using a 120 min chart as a filter where when you get an abc buy on the daily KISS you also want to see price on the 120 min be above the ATR and 60 Stochastic to be crossing above 50%. When I look at most examples in the past the two confirm well with each other, a couple times the 120 min kept you out of a whipsaw which is great, and once where it had you wait an extra day where you bought a bit higher.
clearly yesterday on that QQQ chart this filter would have said no go on the QQQ daily because on the 120 min price 60 Stochastic was no where close to going above 50% and price stalled below the ATR.
I have to investigate further but going forward I may use this combo. Like I told you guys, this stuff is not static, it's never done, always improving and adding tweaks and filters as I learn more over time.
also I may do a video sometime on this so I can show examples. Otherwise here's a visual example