SPX 5 min

    Posted by matt on 22nd of Apr 2022 at 03:18 pm

    $SPX - Chart Link- okay boys, slight sym break here 

    all you got out of

    Posted by matt on 22nd of Apr 2022 at 03:49 pm

    all you got out of that was a simple 3 wave ABC, was good short on the abc - what more would you expect on a Friday

    good boy, didn't bite 

    Posted by retirefire on 22nd of Apr 2022 at 03:51 pm

    good boy, didn't bite 

    why not? was a good

    Posted by matt on 22nd of Apr 2022 at 03:54 pm

    why not? was a good short on that abc - example of my method on Trading View - abc bounce (3 color change, cycle resistance and BPT MA goes red - easy

    yup clear as day, thanks

    Posted by retirefire on 22nd of Apr 2022 at 04:08 pm

    yup clear as day, thanks

    here's an image showing 5

    Posted by matt on 22nd of Apr 2022 at 04:06 pm

    here's an image showing 5 min, 3 min, 1 min, 30 second - so the chart on the left side is the 5 min, long enough time frame the last 2 days, other days I might use 10 or 15 min on other days, and it doesn't really matter, it's all fractal , let's call that your 'Pivot Time frame'.  So in this example that 5 min was my pivot time frame - on the MA ribbon that was bearishly stacked - every time the BPT MA turned green for a couple bars was your clue to look for short opportunities. But you don't get your triggers off the 'pivot' time frame, you get it off a lower time frame like the 3 min, 1 min, 30 second in this case - looking for an ABC bounce and maybe a cycle resistance as further confirmation

    again it's fractal. you might use a daily as your pivot time frame and a 2hr, 1hr, 30 min as your trigger abc time frames

    or a 1hr as your pivot time frame and 30 min, 15, 5 as your abc time frames 

    Matt I was biased (ignoramus)

    Posted by retirefire on 22nd of Apr 2022 at 04:01 pm

    Matt I was biased (ignoramus) long.  I have to execute what's in front of me not what I cheerlead for. So at least no loss

    the method is simple-  use

    Posted by matt on 22nd of Apr 2022 at 03:59 pm

    the method is simple-  use the ribbons and trend on higher time frames - last couple days heck just a 10 and 5 min was long enough for the bigger time frame - the MA ribbon bearishly stacked on those time frames -then look for shorting opportunities when the BPT MA deluxe pinches turns green pinching some on the 10 and 5 min - but get my trigger off an ABC on the lower time frames, 5 min, 3 min, 2 min, 1 min, 30 second - all I did last 2 days was short abc bounces 

    same for when uptrending - I'll look for abc pullbacks on the smaller time frames and a trigger

    Hey Matt, any chance you

    Posted by focus175 on 22nd of Apr 2022 at 04:01 pm

    Hey Matt, any chance you can share the workspace on TradingView, so we can use the BPT MA deluxe and cycle changes? 

    I agree as well

    Posted by thegambler543 on 22nd of Apr 2022 at 04:17 pm

    I agree as well

    Update: SPX 5 min

    Posted by matt on 22nd of Apr 2022 at 03:34 pm

    $SPX - Chart Link- updated view

    abc bounce and sold 

    Posted by steve on 22nd of Apr 2022 at 03:48 pm

    abc bounce and sold 

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