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
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
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