little educational reminder on the cycle indicator - there's
cycle support and resistance, many times price responds off those,
BUT it's time when price strongly breaks over a resistance cycle -
again think about it like a stock breaking through resistance-
you can buy it as a breakout
on the SPX on this 60 min, 120 min, and 1/2 day chart price
broke strongly through the resistance cycle 4 - 5 days
ago
I don't have any systems based off that yet - the SPY breakout
is based on the ADX indicator expansion - but I may write one
based on a breakout through a cycle resistance
I bring this up because we show the cycle indicator on the
multiple time frames - so that's a little education on how to view
it
I made an educational image about it a good year ago - it can be
used as an Ellitow Wave like indicator - see second image
What a 7 day SPX
Regarding the SPY systems
Posted by retirefire on 21st of Oct 2021 at 04:06 pm
What a 7 day SPX ripper
posts like that tend to
Posted by matt on 21st of Oct 2021 at 04:29 pm
posts like that tend to come around some sort of infection
yes - and a lot
Posted by matt on 21st of Oct 2021 at 05:24 pm
yes - and a lot of Demark 13's on intra day time frames - look that that ribbon on the 1/2 day
SNAP smashed after hrs, Google, FB etc
tech smash after hrs - price
Lots of Rambo bar or
Posted by EdZ on 21st of Oct 2021 at 05:49 pm
Lots of Rambo bar or amateur bars on the Daily ES, YM too.
Posted by matt on 21st of Oct 2021 at 07:12 pm
little educational reminder on the
Posted by matt on 21st of Oct 2021 at 04:27 pm
little educational reminder on the cycle indicator - there's cycle support and resistance, many times price responds off those, BUT it's time when price strongly breaks over a resistance cycle - again think about it like a stock breaking through resistance- you can buy it as a breakout
on the SPX on this 60 min, 120 min, and 1/2 day chart price broke strongly through the resistance cycle 4 - 5 days ago
I don't have any systems based off that yet - the SPY breakout is based on the ADX indicator expansion - but I may write one based on a breakout through a cycle resistance
I bring this up because we show the cycle indicator on the multiple time frames - so that's a little education on how to view it
I made an educational image about it a good year ago - it can be used as an Ellitow Wave like indicator - see second image
The breakout system is intriguing.
Posted by timebandit on 21st of Oct 2021 at 04:36 pm
The breakout system is intriguing. It was clearly onto something when it went long