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
little educational reminder on the
Regarding the SPY systems
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