image shows 3 min ES on left -notice how friggen wide that MA
ribbon got and you had a resistance cycle - visually when you see
the ribbon that wide you know you are at least due for an abc or
more. Trigger on that for me would have been shorting near the
resistance cycle indicator. A second trigger was the lower high
doji on the middle 1 min chart, and 2 more triggers on the 30
second chart on the right with the overbought Stochastic / MACD
KISS signals
I took the shorts - but covered too quickly - should have given
more room - these moves are so fast
try to trigger off price action and a candlestick when possible
as this gives you system-like tight triggers and stops. Here's an
image showing a 5 min ES chart on the left and 3 min chart on the
right
On the 5 min you had a huge hammer doji candlestick which to
trigger long off - buy stop 1 tick above the doji. And your
evidence for a bounce was how crazy wide the BPT MA ribbon was
Posted by greggone on 27th of Apr 2022 at 11:46 am
Thanks Matt... I actually caught some nice trades using the slow
stoch trigger you showed. Is there a way to see the BPT MA other
than when you post screenshots on here?
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NQ at trendline resistance.
Posted by kobie on 27th of Apr 2022 at 09:53 am
NQ at trendline resistance.
Awesome short at resistance!!!
Posted by kobie on 27th of Apr 2022 at 10:28 am
Awesome short at resistance!!!
Flirting with that trendline again..
Posted by kobie on 27th of Apr 2022 at 12:42 pm
Flirting with that trendline again..
yep stalled right there
Posted by matt on 27th of Apr 2022 at 10:14 am
yep stalled right there
image shows 3 min ES
Posted by matt on 27th of Apr 2022 at 10:21 am
image shows 3 min ES on left -notice how friggen wide that MA ribbon got and you had a resistance cycle - visually when you see the ribbon that wide you know you are at least due for an abc or more. Trigger on that for me would have been shorting near the resistance cycle indicator. A second trigger was the lower high doji on the middle 1 min chart, and 2 more triggers on the 30 second chart on the right with the overbought Stochastic / MACD KISS signals
I took the shorts - but covered too quickly - should have given more room - these moves are so fast
holy cow this market is
Posted by matt on 27th of Apr 2022 at 10:45 am
holy cow this market is fast
you cannot day trade ES futures unless you have a good system and plan
try to trigger off price
Posted by matt on 27th of Apr 2022 at 11:40 am
try to trigger off price action and a candlestick when possible as this gives you system-like tight triggers and stops. Here's an image showing a 5 min ES chart on the left and 3 min chart on the right
On the 5 min you had a huge hammer doji candlestick which to trigger long off - buy stop 1 tick above the doji. And your evidence for a bounce was how crazy wide the BPT MA ribbon was
Thanks Matt... I actually caught
Posted by greggone on 27th of Apr 2022 at 11:46 am
Thanks Matt... I actually caught some nice trades using the slow stoch trigger you showed. Is there a way to see the BPT MA other than when you post screenshots on here?