The 2hr went back long when price confirmed. The daily has not
and will not until price goes way back over the ATR on a confirmed
basis, that's a long way off.
Again decide what you wish to do based on your parameters. wait
for the daily or go back long via the 2hr and your stop is at the
lows.
here's a few charts, daily KISS, the ATR is quite far away. A
chart showing 2hr of QQQ and SPX, so far the ATR stopped the QQQ's
again. On the 2hr SPX price did confirm there so you see that new
DVT. The third chart a traditional 2hr, one could also
monitor that downtrend line
again I'm simply throwing out options so you can make your own
decisions
I may decide to have the daily re-enter on the 2hr, I have not
decided yet
some additional thoughts: go long now, stop is at Thursday's
lows, or wait for the downtrend line to be broken, or buy another
pullback.
unfortunately how this market goes we got that pullback
yesterday and the 15 min chart with the bullish MA Ribbon pinch
looked interesting but then we get the 35 point gap this
morning.
The SPX 2hr time frame confirmed and went back long
Posted by matt on 9th of Mar 2021 at 11:11 am
The 2hr went back long when price confirmed. The daily has not and will not until price goes way back over the ATR on a confirmed basis, that's a long way off.
Again decide what you wish to do based on your parameters. wait for the daily or go back long via the 2hr and your stop is at the lows.
here's a few charts, daily KISS, the ATR is quite far away. A chart showing 2hr of QQQ and SPX, so far the ATR stopped the QQQ's again. On the 2hr SPX price did confirm there so you see that new DVT. The third chart a traditional 2hr, one could also monitor that downtrend line
again I'm simply throwing out options so you can make your own decisions
I may decide to have the daily re-enter on the 2hr, I have not decided yet
some additional thoughts: go long
Posted by matt on 9th of Mar 2021 at 11:28 am
some additional thoughts: go long now, stop is at Thursday's lows, or wait for the downtrend line to be broken, or buy another pullback.
unfortunately how this market goes we got that pullback yesterday and the 15 min chart with the bullish MA Ribbon pinch looked interesting but then we get the 35 point gap this morning.
Thanks Matt for showing all
Posted by retirefire on 9th of Mar 2021 at 11:32 am
Thanks Matt for showing all this info and allowing us to review our options for trading. It aint easy but it paints a clearer picture.
with the momentum do you
Posted by a12404 on 9th of Mar 2021 at 12:28 pm
with the momentum do you think we finish on the high or another pull back finish?
yep no problem, and it's
Posted by matt on 9th of Mar 2021 at 11:34 am
yep no problem, and it's never easy because emotions can get in the way, hence what makes the market