One thing - scaling into shorts (if that's your plan is fine) as
it's always hard to pick exact tops. That's why it's
imperative you devise a plan that suits your objectives
I have seen you and Matt over the years say, that was an
objective place to enter a trade. I many times look back and
ask myself why did I not see the same facts that you saw to enter
the trade. I know experience has a LOT to do with it. I
know this is not an exact science. I hope I am learning and
can someday come to those same conclusions on entering and exiting
a trade.
it was objective - as Steve showed that NYMO was very oversold
historically, and that QE 3.2 taking the trade was telling too (I
should have added that one to the website)
I wanted to make a quick video this afternoon on the systems,
however too late now, I'll work on an update and tell you what I'm
doing and the systems, providing you with options
Posted by retirefire on 7th of Sep 2022 at 02:46 pm
I can see MACD and RSI divergence on the 1 minute and 3 minute (
I'm learning) but I think that's very short day trading tool. Matt
mentioned 3990 as an area to watch. I keep raising my stops til I'm
out. Not sure if this is just an a-b-c up going on. I'll reenter
long later if so. Leaving it to the pro's . Hope I'm not sounding
foolish.
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Does anyone feel this is
Posted by tmbrook1 on 7th of Sep 2022 at 02:37 pm
Does anyone feel this is an objective level (as Matt and Steve might say) to start establishing shorts for the next down turn.
Why don t you wait
Posted by raymuy on 7th of Sep 2022 at 04:45 pm
Why don t you wait until the systems tell you to go short ? ?
I think That would be a safer bet
Since the SPX has retraced
Posted by steve on 7th of Sep 2022 at 02:47 pm
Since the SPX has retraced greater that .618 of the most recent downleg - odds shift to a larger retrace of the entire decline. Let's see how we close
Thanks Steve
Posted by tmbrook1 on 7th of Sep 2022 at 02:53 pm
Thanks Steve
One thing - scaling into
Posted by steve on 7th of Sep 2022 at 03:19 pm
One thing - scaling into shorts (if that's your plan is fine) as it's always hard to pick exact tops. That's why it's imperative you devise a plan that suits your objectives
I have seen you and
Posted by tmbrook1 on 7th of Sep 2022 at 03:25 pm
I have seen you and Matt over the years say, that was an objective place to enter a trade. I many times look back and ask myself why did I not see the same facts that you saw to enter the trade. I know experience has a LOT to do with it. I know this is not an exact science. I hope I am learning and can someday come to those same conclusions on entering and exiting a trade.
it was objective - as
Posted by matt on 7th of Sep 2022 at 03:34 pm
it was objective - as Steve showed that NYMO was very oversold historically, and that QE 3.2 taking the trade was telling too (I should have added that one to the website)
I wanted to make a quick video this afternoon on the systems, however too late now, I'll work on an update and tell you what I'm doing and the systems, providing you with options
Thanks Matt & Steve, you
Posted by tmbrook1 on 7th of Sep 2022 at 03:39 pm
Thanks Matt & Steve, you guys do a great job and have taught me a lot. I am glad I have been a member of the site for many years.
I can see MACD and
Posted by retirefire on 7th of Sep 2022 at 02:46 pm
I can see MACD and RSI divergence on the 1 minute and 3 minute ( I'm learning) but I think that's very short day trading tool. Matt mentioned 3990 as an area to watch. I keep raising my stops til I'm out. Not sure if this is just an a-b-c up going on. I'll reenter long later if so. Leaving it to the pro's . Hope I'm not sounding foolish.