daily SPY chart on the left, note the MACD KISS and overbought 5
length Stochastic - you had a doji yesterday, so your trigger was
hit this morning via 1 penny below the doji, with an immediate stop
at the low.
also, the chart on the right, I'll expand upon it more later on,
but it's a 78 min chart, which is 5 bars in a daily cash chart.
What I've found is that on the higher time frame, in this case the
daily when the BPT MA deluxe is pinching into the ribbon with 2 or
3 bars, look for a corresponding signal on the cycle indicator 4 to
5 time frames lower, and you had it perfectly!
see my last SPY chart - you had a perfect MACD KISS/Stoch setup
yesterday, triggered this morning. Wish I had posted it yesterday
but going forward make sure to look for those
Yes I agree Matt - would have been great to have known about
this setup before today's open. Is this setup worthy of being
included within your short subsystems?
again - I've posted probably 100 examples of that educational
setup over the last 1 or 2 years, so it's something everyone should
have in their traders toolbox already. I use it on all time frames
to trade ES. I saw it yesterday on the daily but forget to
mention in the newsletter. Still, I suggest you guys have the MACD
and 5 length Slow or Full stoch on your charts. Yes I have a
version of sub system already but it is not complete, has some bugs
that I need to write up and give back to James to code up again.
It's on my agenda eventually to come back to it, but as usual I
have way too many irons in the fire all the time
daily SPX/SPY had an objective MACD KISS/Stoch OB short setup last night
Posted by matt on 7th of Mar 2023 at 04:11 pm
daily SPY chart on the left, note the MACD KISS and overbought 5 length Stochastic - you had a doji yesterday, so your trigger was hit this morning via 1 penny below the doji, with an immediate stop at the low.
also, the chart on the right, I'll expand upon it more later on, but it's a 78 min chart, which is 5 bars in a daily cash chart. What I've found is that on the higher time frame, in this case the daily when the BPT MA deluxe is pinching into the ribbon with 2 or 3 bars, look for a corresponding signal on the cycle indicator 4 to 5 time frames lower, and you had it perfectly!
I may be wrong, but
Posted by timebandit on 7th of Mar 2023 at 04:26 pm
I may be wrong, but looks like there is a potential MACD Kiss Slow Stoch setup on the $SPX cash daily
see my last SPY chart
Posted by matt on 7th of Mar 2023 at 05:03 pm
see my last SPY chart - you had a perfect MACD KISS/Stoch setup yesterday, triggered this morning. Wish I had posted it yesterday but going forward make sure to look for those
Yes I agree Matt -
Posted by mrbass77 on 7th of Mar 2023 at 05:10 pm
Yes I agree Matt - would have been great to have known about this setup before today's open. Is this setup worthy of being included within your short subsystems?
again - I've posted probably
Posted by matt on 7th of Mar 2023 at 06:07 pm
again - I've posted probably 100 examples of that educational setup over the last 1 or 2 years, so it's something everyone should have in their traders toolbox already. I use it on all time frames to trade ES. I saw it yesterday on the daily but forget to mention in the newsletter. Still, I suggest you guys have the MACD and 5 length Slow or Full stoch on your charts. Yes I have a version of sub system already but it is not complete, has some bugs that I need to write up and give back to James to code up again. It's on my agenda eventually to come back to it, but as usual I have way too many irons in the fire all the time
Bandit - Not an expert,
Posted by DigiNomad on 7th of Mar 2023 at 04:29 pm
Bandit - Not an expert, but it looks close to me. Would be nice if the stoch was a little higher..
Textbook Evening Star Pattern on
Posted by steve on 7th of Mar 2023 at 04:14 pm
Textbook Evening Star Pattern on SPX unfolded
Looks like 20/50 squeeze very
Posted by timebandit on 7th of Mar 2023 at 04:17 pm
Looks like 20/50 squeeze very much in play