matt, does it count as a trend day when the slow stochs on the 5
minute reach and hold 80? if yes, is your trusty trade of buying
the 5 minute fast stochs crossover from under 20 still a valid long
trade? thanks much,
it was typical trend day action from morning gap to mid day,
however the pullback fell below the 50 SMA on the 5 min time frame
and 60 Stoch is slightly below 80%. usually on trend days those
hold.
that said, this afternoon watch price, it's still way above the
VWAP, and it could from some sort of coil here and then
breakout again, we'll see.
overnight on ES the low of 3560 likely put in a trade low for
now, if so then could see a move up over a few days to 3700 range,
we'll see...
if you suspect ES will hit some form of Resistance in 3700
range, would you let us know if your system will take a short on ES
or spy pls and if so , maybe an ITM option?
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matt, does it count as
Posted by te22 on 3rd of Oct 2022 at 12:09 pm
matt, does it count as a trend day when the slow stochs on the 5 minute reach and hold 80? if yes, is your trusty trade of buying the 5 minute fast stochs crossover from under 20 still a valid long trade? thanks much,
it was typical trend day
Posted by matt on 3rd of Oct 2022 at 12:48 pm
it was typical trend day action from morning gap to mid day, however the pullback fell below the 50 SMA on the 5 min time frame and 60 Stoch is slightly below 80%. usually on trend days those hold.
that said, this afternoon watch price, it's still way above the VWAP, and it could from some sort of coil here and then breakout again, we'll see.
overnight on ES the low of 3560 likely put in a trade low for now, if so then could see a move up over a few days to 3700 range, we'll see...
if you suspect ES will
Posted by imelhoe on 3rd of Oct 2022 at 01:03 pm
if you suspect ES will hit some form of Resistance in 3700 range, would you let us know if your system will take a short on ES or spy pls and if so , maybe an ITM option?