$SPX - Chart Link- updated 5 min view, man I'm
trading up a storm today, came in short, added to short in morning
(TZA, SQQQ, UVXY calls), and went long UPRO at the 5 min double
bottom for a nice bounce trade too off that mid day low. crazy
day
maybe but it wouldn't be opposite of a positive trend day - the
psychology is different, I find you need a whole new set of
conditions for sell off days i.e. you can't simple invert the Trend
day settings/rules
yeah on ES 5 min - for me I sold UPRO at the backtest of the 50
SMA on the 5 min - that's usually an intra day target for me on a
trend move day. we did break symmetry on the up move so it's also
possible that we form another higher low
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SPX 5 min intra day symmetry
Posted by matt on 4th of Jan 2021 at 12:47 pm
$SPX - Chart Link - two bounce attempts today, both 16.1 points, that last bounce was logical place to fail
Update: SPX 5 min intra day symmetry
Posted by matt on 4th of Jan 2021 at 01:06 pm
$SPX - Chart Link- maybe a little double bottom 5 min
Update: Update: SPX 5 min intra day symmetry
Posted by matt on 4th of Jan 2021 at 01:35 pm
$SPX - Chart Link- updated 5 min view, man I'm trading up a storm today, came in short, added to short in morning (TZA, SQQQ, UVXY calls), and went long UPRO at the 5 min double bottom for a nice bounce trade too off that mid day low. crazy day
Matt, is there such a
Posted by tgo5043 on 4th of Jan 2021 at 02:21 pm
Matt, is there such a thing as a reverse Trend Day? This looks like a reverse chart of typical positive Trend Days.
maybe but it wouldn't be
Posted by matt on 4th of Jan 2021 at 02:25 pm
maybe but it wouldn't be opposite of a positive trend day - the psychology is different, I find you need a whole new set of conditions for sell off days i.e. you can't simple invert the Trend day settings/rules
Hi Matt, I bought ES
Posted by piclez on 4th of Jan 2021 at 01:58 pm
Hi Matt, I bought ES around 57. What's target or what's best way to trail this type of trades on futures? Thanks.
yeah on ES 5 min
Posted by matt on 4th of Jan 2021 at 02:24 pm
yeah on ES 5 min - for me I sold UPRO at the backtest of the 50 SMA on the 5 min - that's usually an intra day target for me on a trend move day. we did break symmetry on the up move so it's also possible that we form another higher low